Here’s a list of common habits and mindsets that we can observe from our kababayans (or what we have ourselves) which can keep us from having a financially secure future:
1. THROWING EXTRAVAGANT FEASTS EVEN YOU CANNOT AFFORD IT
Bawat buwan sa iba’t ibang lugar sa Pilipinas, hindi tayo nuubusan ng mga fiestas. Bukod dito, hindi rin mawawala ang mga birthday celebrations, anniversaries, at kung anu-ano pa. Although it’s NOT wrong to spend on these celebrations, this can get totally wrong when you have to spend beyond your means at kailangan mo pa
ipangutang ang panggastos mo para dito. At dahil yearly ang mga okasyon na ito, kelan pa matatapos ang mga bayarin mo?
SPEND ONLY WHAT YOU CAN AFFORD.
Kung hindi naman talaga kaya ng budget, wag gawing habit ang pag-utang. Tandaan, dahil yearly ang mga celebrations na ito, yearly din ang pangungutang at bayarin mo. Masaya nga ang birthday mo, naghihirap ka naman sa buong taon. Paano ka pa magtatabi at mag-iinvest?
2. HAVING A MANYANA HABIT
Manyana habit, derived from the phrase “mamaya na” is a common trait of putting off yesterday what one can do today. More often than not, yesterday gets moved to the next day until it’s never done at all.
We can observe this during payday when one has to save or invest. Kaka-mamaya na, madalas saving and investing is put off ‘til the next payday. Remember, unless you make saving and investing a PRIORITY, you will never get started.
3. BEING A NINGAS-KUGON WHEN IT COMES TO INVESTING
A person who’s ningas-kugon is characterized as being enthusiastic at first but leaving something unfinished or not getting started at all.
In investing, we can see it in someone who after learning about how to make their money grow, got excited planning to invest. However, after weeks and months of planning, the excitement ran-out and never got started at all!
Keep in mind that when it comes to investing, time is one of your most valuable assets. The earlier you start, the more time you give your money to grow this is why it’s very important to ACT NOW.
(Read: How to Use Time to Make Millions)
QUESTION: What other money habits that we should avoid?