Monthly Archives: August 2013

Tips on how to save money easily

How to save money

I was once a part of the majority of Filipino who had a problem when it comes to saving my disposable income. Many people right now is experiencing a lot of difficulties keeping up with their savings account .I once heard that  some Filipinos are good spenders but very bad money savers .So if you are experiencing trouble saving money I have some tips for you on how you can be on the right track.

Tip # 1. Write down your goals and focus on it– As a human being we keep being swayed by many things, let us all admit we are always prone to distraction. Knowing where you are right now and understanding the reason behind why you are in that position will help us immediately to create an action. If you want to buy a house or a car someday make it as a goal and motivation. Money without a name is waste money.

Tip # 2. Change the formula– I have been doing this since last year and it truly works. When you got your salary either on the 15th or on the 30th of the month because that’s the normal payday we got here in the Phil. I would recommend you to follow this formula. Salary minus 30% (10% for Tithes + 20% savings) is equals to expenses. Right now, Filipinos usually follow this formula: Salary minus expenses is like earning but not saving.

Tip # 3. Budget– It is not enough that you take out the 30% and let the 70% of your money go down the drain.I am encouraging you to learn how to plan, write it down, analyze where your money is going plus look where to cut cost and put your savings in a really good investment vehicle which can beat the inflation . If you were addicted to food and expensive coffee learn how to minimize it so you can save some money and not just impress everybody. Stick to the plan but always make some necessary adjustments.

Tip # 4. Join a community of savers, investors, and financial mentors – Like the old saying goes “Tell me who your friends are and I will tell you who you are” . If you are determined on saving money and you want to succeed on your financial goals I would rather mingle with a group of people who can assist me instead of me spending my hard earned money just to please a lot of people that I really don’t like. The idea of going out on a Friday night  with a friend is good but if it will stops you from reaching your goals then better leave it behind or drop it.

There are  lot of ways in saving money but starting from the basic will simply help us avoid wrong financial decisions in the future.

Proverbs 13:11 Wealth gained quickly will dwindle away, but the one who gathers it little by little will become rich.

Your finances will be in a bad situationif you don't stop chilling with the wrong people (17)

David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

For more information and concerns subscribe to winlongterm.com Facebook page or contact me at david@winlongterm.com, here’s also my mobile number 0925-787-7796

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Filed under Financial Literacy, Mission Trips Personal Finance Christianity, Personal Finance

Why do you need to be Financially Literate

It will empower you to get what you need and what you want. You can dream and it will happen, just imagine that! Look at those Rich people they can play golf and go to Disneyland anytime they WANT.

Time for us to change the future of the next Filipinos. Do it for yourself and for them. Don’t be selfish, c’mon bless other people with what you have. Those who are faithful with small things will be given more . We are designed to be lender and not just a borrower. We were program to be excellent and great not only as a nation but God’s will for us is prosper as a nation and not forever slave Jeremiah 29:11

We are here to maximize what God gave us. Life is full of joy and challenges. Money is important from the very beginning but the more we know the purpose of it, we can easily make a decision especially when it comes to preparing for the retirement stage. Most of the Filipino parents right now who are now retired  are relying on their kids and it is a really bad training and it will be a terrible cycle. Time to stop that now especially to our generation.

When the time You get  back to the Lord you will be able to pass this legacy to your kids or love ones. In reality most of the time Filipinos will just leave 3 things to their  children or wives the most common are borrowed money from anyone (utang) Surname, sickness or disease e.g. Diabetes Hypertension

Your finances will be in a bad situationif you don't stop chilling with the wrong people (17)

David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

For more information and concerns subscribe to winlongterm.com Facebook page or contact me at david@winlongterm.com, here’s also my mobile number 0925-787-7796

Leave a Comment

Filed under Finance Is Not A Rocket Science, Financial Literacy