If money didn’t matter…

List three jobs you’d consider pursuing if money didn’t matter.

If money didn’t matter, I’d most likely have taken up Journalism or B.S. English or Creative Writing. I would have been a writer by now. I would really love to become a novelist and if money didn’t matter to me I would have been a full time novel writer for sure.

writer

Another job I’d most likely pursue if money didn’t matter would have been a book and movie critique. Still connected to writing but incorporating my love for reading books and watching movies. Can you imagine what kind of job that would be just reading and watching all you want and dishing out reviews of it? I would love to be paid for that!

And a job that you wouldn’t see me doing that I would actually love to have been doing now? A hotel receptionist or a tour guide. Ha! I know, not me at all. But I would love to be working in something/a place associated to traveling.

If money didn’t matter to you, what kind of job would you be doing now?



Credit card woes

I have told you about my credit card woes. It should be a good example to you not to be impulsive when it comes to swiping that card. When you use it, try not to use your credit card again until you pay what you purchased first. That way, you are limiting your acquisitions to what you can actually afford. Avoid bringing it with you all the time. It is a big temptation sitting in your wallet waiting for you to buy that item you actually don’t need right now.

Also, limit your credit cards to only one if you can. No need to be maintaining two to three or more credit cards when you know you will just use it to bury yourself in debts. If you have the discipline or you can afford to pay all cards in one fell swoop, then go ahead and maintain that many cards. Otherwise, it is best to keep only one.

Credit cards can be a great backup funding when there’s a need for it. But it can also give you the biggest problem if you don’t watch out.



Worth the money!

As long as it would help the band sound great on stage, they are willing to shell out a bit more money in buying new acoustic guitars with amplifiers.

That’s what the band was discussing when they met for a general meeting for their upcoming tour. My cousin is their road manager and he’s the one in charge of all their instruments. I am not too sure I’d survive with the kind of schedule they have but I do admire them for pursuing the path towards success. I’ve known the lead vocals and I’ve seen how the band worked so hard so that the city where they regularly played at got to know them. And now they’re making the world know them more!

I just know the new stuff they are getting will be worth their money!



Priorities

To make sure that your hard earned money does not go to waste, make a list of your priorities. What you need to spend on should you have the funds already. I have been remiss in this. I have too much funds on my hands a year or so ago but I spent it on non-essentials. Now that funds are not enough, I keep thinking of the important things I could have bought with that money.

There’s nothing wrong with indulging once in a while. But be mindful of your priorities. I learned this the hard way. Don’t let it happen to you, too.

Set aside funds for the important things. Whatever’s left, get the 10% for your indulgence. Deposit the rest to your savings account.



Savings Account

I have a savings account. Two. One was a previous payroll account that I never had closed. Another is a savings account I opened for Paypal. The former is the most used.

In this country, a savings account is perceived to be only for those who are working or for those who have the money to put in the bank. An ordinary person who stays at home (like a SAHM) normally does not have a savings account. Trust me, you can go around the country to do a survey and you will come up with the same results. Let’s take my relatives for example… nobody in my grandma’s house has a savings account. Oh wait, my grand-aunt has one! It’s for her SSS pension. If not for that, she won’t have one for sure. My grandparents on my dad’s side have no savings account. But they had a business that went on for almost two decades! All transactions done in cash. Why? They spend the money right away, anyway. That’s their reason. An uncle who has his own business also doesn’t have a personal savings account. He gives his income directly to his wife to budget. They keep the money at home. Even my dad has no savings account!

It is a misconception that is not being corrected. And made worse by the bank holidays. Plus, maintaining balances in big banks are impossible to maintain. Imagine, at Metrobank alone, to be able to maintain a savings account, you need to have 10 grand at all times! The same goes for BPI and Banco de Oro. Albeit at BDO, there’s an OFW account you can open for the families of OFWs abroad and it has no maintaining balance at all. Unionbank, on the other hand, has the EON account that you can get for 350 pesos a year which has no maintaining balance as well. The only drawback of these accounts that have no maintaining balances is that you don’t earn interest from your account. At least ask for a 500 or 1,000 pesos maintaining balance. That’s reasonable. So that persons who are not working can open their savings account and be inspired to save.



Vacation fund

I have created a vacation fund. There’s not much to it yet but I am hoping that by the end of March, it will have enough to finance a family vacation.

I swear if I only have the means, I would take the whole family in places like these…

vacation fund

Greece vacation

Those places! I am sure the family will love a vacation in a destination as beautiful as that! I can already imagine waking up in the morning and seeing the gorgeous waters… breakfast at the veranda overlooking the sea… sleeping under the stars and dreaming of endless vacation on paradise!

I hope the vacation fund will get a boost very soon.