My 52 Weeks Money Challenge Failed with Learning

Hi everybody!

Nowadays, I am so lazy to edit the photos I was due to blog kaya hindi ko maumpisahan.

Anyway, what I was about to blog is regarding my 52 Weeks Money Challenge.

I regret to inform you that I lost the challenge. I had a total of P9,110.00 before I lost the challenge. I was on week of September 20. =(

I used the money for some immediate needs and mainly will not be able to return the whole amount before the year ends. I guess I have been very magastos lately that resulted to failing the challenge but I sure had some learning from it. I learned a lot and hopefully I can manage to finish the whole challenge in the future. I was actually thinking of starting the challenge na on any month, since I can't wait to start it again. I still have 2 and a half months before the year ends and surely, I can't wait to restart the program. I enjoyed every minute of having to save some amount.

If you wish to know where I used the money for, remember my kwento about my lost phone? I bought a second hand phone (less than a year used) from a friend who upgraded her phone recently. I am enjoying the phone because it's now android and it has games on it but still, I am not satisfied with it's camera's resolution. Anyway, that will do for now while I don't have a huge amount of money to buy a better camera. Some of the money was used to buy urgent needs for Jami like the time he ran out of milk supply without us realizing that we are due to buy another box. It happened twice along with the need to buy another bottle nipple which costs P530 for only 2 pieces. Hindi ko na kasi matiis yung broken bottle nipple nya since it's not safe if the hole were torn diba? Hindi ko na matiis that Jami was using a broken bottle nipple where in fact, I have savings to cover it while it wasn't on my budget to buy one. I realized that's the purpose of my savings eh, to save me from any headache if a situation calls.

By the way, before I forget, I'll share with you the things I learned with my 7 months journey of 52 Weeks Money Challenge. Let me repeat that this has been the first time I was able to save money for myself so I really learned a lot.

1.) Savings is FUN. Yes, it was really fun especially if you're able to keep up with the amount of money that you want to save. When it's piling up, it's more fulfilling that you are able to do the challenge.

2.) Savings can make you feel SECURE. For me, I could say it can make you feel mayabang. Hahaha! Not mayabang in a bad note ha?! But knowing that you actually had some amount to cover you if a situation comes up, it can sure feel you secure and happy because you wouldn't feel stressed about money. Like what I experienced one time when we brought Jami to ER of San Juan De Dios after work. I am glad I have HMO from office that covers any emergency cases and outpatient services but still, you wouldn't know kaya having a savings will be a big help. =)

3.) Savings should be put on a secured place. If you wish to have a successful 52 Weeks Money Challenge, you should put your money on a passbook (at least in my case). Originally, I put my savings only in my bag, when it came around P2,000, I have decided to put it on my old ATM where I have an access online. It was really easy for me to transfer money from my payroll to my savings. However, since I have an easy access on it, I can also transfer money whenever I am short on budget or if there's something that I have to buy. Ayun naman pala ang salarin.. haha!

4.) Learn to Budget your money. This is something I really have to learn pa. I am having trouble budgeting money and that resulted to shortage. Most of the time, I need to borrow some money from savings pa. Which is a no no kasi when you see your account going low, nakakawalang gana. Hehehe. That's how I feel eh. So budgeting is also essential while saving. If you budget your money well, you may end up some spare amount pa that you can add on your savings.

5.) Pay yourself first. I shared this before and I am sharing it again (for my own sake na din). We have been working all along so we can have some things that we can use for a living but always, always pay yourself first before you budget and allocate your money on bills etc. With that, you are sure that the money you allot for savings is safe then you can have the rest of your money for paying bills, food etc. This worked for me. Whenever my salary comes, I would transfer the amount of P530 for my bi-weekly saving (You can check my template above) then will spend the remaining on my payable.

6.) Make it your Priority. It will be best if you could make your savings a priority too. It's as if you were actually paying a bill - your future. You wouldn't know what's coming your way so be prepared.

7.) Acceptance. If things doesn't go your way, accept and think of something that you are capable of. Once your familiar with it then give yourself a chance to grow by increasing the challenge. If you find my template a little higher than what you are capable then you can always make your own or vice versa. You can customize it to your liking.

I have learned a lot and this list is really short but pretty sums up everything. Thinking about the list I made about what I learned, my conscience says "Coming from you 'te?!" Hahahaha! Parang hindi sa akin nanggaling eh. Anyway, I don't want to bore you with my bitterness na hindi ko natapos ang challenge but surely, I could always save money even without the challenge.

What I think about along the way? I thought about doubling the money that goes to savings so I could replace the amount I used. I tried it for at least two paydays but ended up using the money again because my budget and my bills were left hanging. I also thought of getting a loan to replace it but then I realized the interest that I could have saved as well along the way so I didn't really give in to that.

What now? What I was planning to do now was to continue the remaining days of my challenge. I am planning to continue saving P530 bi-weekly until the end of the year which will give me a total of P3,3710.00. I know along the way, this will be an inspiration to continue the savings I planned along the way. Anyway, the purpose of this challenge was to mainly teach myself how to save money which I think I was able to accomplish somehow.

So there, good luck with those who are still keeping up with their own money challenge. I'll let you know what I'll come up to in the coming days ha?! Until our next challenge. =)

52 Weeks Money Challenge Monthly Report : July

I have waited until today to post about my 52 Weeks Money Challenge Monthly Report for July.

Why?

Because I borrowed some amount 2 weeks ago and waited for it to be replaced. So this means that as of this writing, I have the money complete na. =)

It was really hard to keep up when you haven't had a choice but to at least borrow some amount kasi short ka nung nakaraang payday. Haha! That somehow reduces your confidence to finish the challenge since you can see your money going down. However, as long as you can make sure that you can return the money then I think it's fine. =)

Today, I am at Php 7520 as of this writing. I have finally been able to save money more than P1,000 hahahaha! It was a huge achievement for me. I have been telling my friend that I saved this much na in following the 52 Weeks Money Challenge. It is too early to say this but I have been saving a template na for my next years challenge. I am more than half of my journey and another half wouldn't hurt since I am paying just the same amount of money every payday. =)

You may want to view my journey from January, February, March, April, May and June. =)

How are your challenges going guys? 

52 Weeks Money Challenge Monthly Report: June

Well, it's been half of the year already!! =)

Whenever I think about me being able to keep up with the challenge really makes me happy. One of the things that motivates me to continue saving was this blog. Since I announced to the world wide web that I am into 52 weeks money challenge, I want to make sure that it will be successful so I could be an inspiration to other people who would like to start saving as their habit.

You can read my progress from January, February, March, April, and May. 

Honestly, the last two months, I have been struggling to keep up. I have so many plans and celebrations that lined up and I need extra money to buy gifts, to celebrate my birthday and to basically put a remedy to our payable in our one income household. There were also temptations around that I am really itching to spend the money already.There were mall sales going crazy around the metro. SM went on clearance sale, my favorite brand went on madness sale, and I have recently discovered zomato where I find the joy of trying out new restos around that brought me to liking another thing which I'll be blogging about next (that's why you would notice that I am posting more of food now).

I am always having a second thought and knowing that I have a saving that I can put my hands on anytime makes me go Oh-lala. I am pretty complacent because I am expecting an amount of money at the end of July and I was thinking to spend the money I have saved then will replace it as soon as my money comes.

I tell you, it's a very very bad idea. I have spent some amount from the savings and I owed P2,580 which was a huge amount na. Based on my tracker (customized 52 weeks money challenge chart for people who are employed), I suppose to have P5,930 already.

However, because some things came up where I need to shell out money, I borrowed a total of P2,580 (I had some P100-P200 spare money included on the savings). I will be able to return the money anytime this month of July and I can't wait to see that the amount is complete. I would just like to give emphasize on how important it is to make sure to "Pay yourself first".

And since I have broadcasted that I am running low on this challenge, I am motivated to still complete this challenge no matter what. Why? Because (1) I can sleep better at night knowing that I am not sagad na sagad when it comes to money and (2) peace of mind in case of emergency situations, I have something to start with.

Anyway, I'll be crossing out the first half of my tracker as soon as I return the money back on my 52WMC.  I am still happy and feel accomplished that somehow I am making a change of habit. I actually didn't feel anything until I saw that I am building it.. fast! =) I hope you guys too were having fun with saving. =)

52 Weeks Money Challenge Monthly Report : May

I can't believe it's been half of the year and I am alive and kicking in terms of my 52 Weeks Money Challenge!! I am doing the happy dance right now! =)

You may read my journey from January, February, March, and April.

Although, I have to admit that I had struggles along the way. Savings wasn't that hard for me because I make sure that I pay myself first before I withdraw my money every payday. I usually allot one thousand pesos (which was suppose to be P530 only) to be left on my savings account and budget the money that's left thereafter.

It became harder this month because I have been so much of magastos lately and I am paying the price of it now. We actually had 3 paycheck for the month of May which only comes twice a year - May and October. Instead of me saving some amount so it won't be too much of a hassle on the last paychecks when most of our utilities are being paid off, we ate out too much in the previous days so the last paycheck was then allotted to paying the bills.

Gosshh! I have to rearrange things and make sure to spend money wisely on the coming days.

Honestly, I just felt that every time my birthday month comes, ang poor poor ko talaga! I am not sure kung nagkakataon lang but it has been 2 years since I realized it at eto na naman sya.. Gossh!

It was really funny I kept thinking about it na sa tuwing darating ang birthday ko, ang bigat ng mga araw! Hahaha. I was joking around last weekend..

Me: Alam ko na kung bakit wala akong budget this month. Malapit na kasi ang birthday ko eh.

Me: Bakit kaya? Hmmm.. (Deep thoughts..)

Me: Ahhh! Alam ko na! That was because summer just ended so ayan nagtataasan ang mga utilities like electricity and water bills then back to school din so everyone is so busy and empty pocketed!

Hahahahaha... Maglagay talaga ng malisya diba? May masabi lang..

I should not feel that way kasi birthday ko diba? I just feel.. Anyway, I have to make sure on the coming years na ready ako before my birthday comes. Hahaha! =) I'm so impressed with ants kasi they are everywhere nowadays. They're getting ready for rainy season. Nice! =)

These are the months din when malls get 50%-70% sale because of their back to school and end of summer sale. I was thinking na gumastos pero iniisip ko na lang na I have 7 more months to go! Nagawa ko na ang first 5 so why not hindi tapusin diba?!

So far, here's where I stand in my savings..

My version of 52 Weeks Money Challenge

 I am on May 31 to June 6 bracket already (since I am getting paid every 2 weeks, I am paying 2 slots every pay day), that means, I have P4,870 on my savings which I am glad to tell that, Yes! I made it.. Although there were times na mejo nakakaluwag and I am putting some amount more than my usual savings, mejo nadadagdagan ang amount. Hindi naman kalakihan pero better than wala diba?

Anyway, I am really glad about the result of this newly found habit. Sobrang layo from where I was years ago. I know very small pa lang ang savings pero at least I have something at the back of my mind. The money will be continuously saved even after the year ends as it will be added sa emergency fund namin. =)

I am hoping that everyone's challenge is a success too. =)

52 Weeks Money Challenge Monthly Report : April

Goodbye April and Hello May!!!

It has been 4 months now since I started my own 52 Weeks Money Challenge and I can't believe that I actually survived 4 months with it. I made my own template which I have shown on my previous post. That template as I said made it easy for an employee who's getting their salary twice every month.

I have struggled this month in building my 52WMC due to some confusion in my savings. I am actually trying to keep different savings for different purposes however, I got confused when I got them altogether. There was this time when I have used one savings to start up a small business which made me all confused.

Confusing kasi first time ko nga lang mag ipon diba tapos sabay-sabay pa so mainly, I have not established a good plan on how I'll save them so what I did, I used one of the savings as my capital on my direct selling business and then kept the money of 52WMC as it is so it would be easier for me to track it.

The other saving that I am talking about was now paikot-ikot as my capital including the profit. As much as I can have the profit being saved or used as a capital, ginagawa ko unless dumarating talaga ang petsa de peligro na kailangan kong humiram from it. I'll just make sure that it'll all paid up when my money came so instead of me borrowing money from someone else with or without tubo makes me feel a little secured. Little lang kasi it means, I am not budgeting the money well kaya kailangan ko pang mang hiram sa savings and it's profit. That's one thing that I have to keep an eye on.

Anyhow, I would say that the challenge is still on and that I am on track of it.

Here's the template,

I am more than halfway na from the first part. Yehey!!

Anyhow, I still have 8 months to work on. =)

Honestly, after I took this challenge seriously, It didn't feel so hard for me to allot a specific amount of money every payday. It broke the old habit that I have which really made me happy. Aside form this, I still have money away from this na naiipon and nag e earn ng dividend thru Coop dito sa office. =)

So how's your own version of 52WMC? Let me know!! =)

52 Weeks Money Challenge Monthly Report : March

Today is Easter Monday daw sa Europe so mejo wala kaming trabaho here in the office. Kaya lang mejo tinatamad pa rin ako to start a decent blogpost because the place I am sitting on is soo cold. Grabe, nakatapat ba naman sakin ang AC here sa office. hayyy.. Someone wants my old seat kasi, binigay ko na lang.. Hayyy..

Hahahah! I suddenly felt isip-bata for a second dahil pati yan, sinusumbong ko pa. Pero kasi diba? You know that feeling na may mga selfish na tao.

Anyhow, enough of the bad vibes. I would like to let you know that my 52 Weeks Money Challenge is still on! I am so happy kasi 3 months have passed and still, nakakaya ko pa din pigilan ang sarili ko to spend the money. Believe me, hindi ko talaga alam kung san ko ilalagay ang money. Up to now, nakalagay lang sya sa wallet ko, separated from our daily money pero sobrang daling hugutin kung gugustuhin.

Here's my 52 Weeks Money Challenge - Customized Version. Read my journey from months of January and February.

So far, I supposed to have P2,750 but I only have P2,640 at hand. Daryl borrowed P250 here so supposedly I have P2,890. What I did kasi was to add all of my extra money like yung profit ko sa panaka - nakang bumibili sa online shop pero since there are times na mejo naso short ang budget namin, nahihiram yung money pero I make sure na napapalitan naman. That was something I have to work on nga lang kasi mejo nakakawalang gana to continue the savings kapag nakikita mong nababawasan diba? I am planning to put it on my atm na lang kasi it is important din na madaling ma liquidize ang money in cases of emergency. (Tama ba yung liquidize?). This was the purpose naman ng money na ito eh, to save up for our emergency fund, although naka specify naman talaga kung anong mga emergency cases that I'll consider like, Sickness, Calamity and Unemployment.

For me, this challenge was a huge step forward from what I am capable of. Believe me, ubod ng gastadora talaga ako before so now that I am a Mom, I have changed for the better especially in saving money. I know it was small pero mas ok na din rather than starting really big tapos nganga naman in the end like what I had last year. Diba?!

Standby for further updates of 52WMC in the coming months =).

Let's get Financially Knowledgeable

Hi Mothers!!

Sorry for being absent for the last couple of days. I have blogger open waiting for your posts and leaving comments on some blog posts pero I can't seem to create my own entry kasi.

Nowadays, I am really busy reading books (on PDF), checking blog posts and researching about financial matters. You see, it has just been now that I got somehow, financially manageable. I remember my 20-ish self celebrating life to the fullest. I started working at the age of 18 after my Nanay said that she can no longer send me to college. I felt bad somehow pero I got excited din that I will then work and start to earn my own money. I found my first job 3 months after I stopped going to college.

I had my first salary, I even asked Daryl to go with me on one of the banks in Pasay to check if my pay check has been deposited. I was really shock seeing P4,000+ on my ATM. Hahaha! I don't know what to do. Nagtampo pa si Daryl na di ko man lang daw sya nilibre ng Jollibee. Hahahaha!

Fast forward to today, I have James who fully depend on me in terms of everything so I have to become financially capable. I feel weird talking about finances talaga because it wasn't me as far as I remember pero being a mother changed a lot in me. Isa na to dun. Daryl and I are living on our own now. Although we sometimes get help financially by his Mom, and somewhat Nanay too, I wanted to think differently. It was really funny talking finances to Daryl because he knows me well with money.

One night, I was talking to him about being financially free, being a millionaire and retiring a millionaire too. All he did was to nod then said "Ang tanda mo na mag isip, Be." hahahaha. I just "oh yes, I am.". I have too.. I mean "we have to" diba?

Well, kaya ako nagkakaganito nowadays kasi, I saw my officemates' book entitled "Kasusweldo pa lang, Ubos na" by Vic & Avelyn Garcia. It teaches how you could minimize your spending which was for me was really informative. It teaches you on how you could live below your means.

I also borrowed the book (from the same officemate) "Kuntento ka na ba sa Kaperahan mo?" from the same author discussing how you could track your finances and how you could manage to save. There were some example forms provided too which I find really interesting. I am excited to have it applied on my life..

Pero olats.. waley..

Hahaha! Hindi ko na handle ng maayos because Daryl and My paychecks fall a week apart so mejo alangananin ako. When the time came na alam ko na ang diskarteng gagawin ko, Daryl decided to resign. Yes, you read it right. Wala sya work now and in search pa. After some reminders, mas tumimbang sa kanya ang mga reason to leave so I respect it. Currently, mejo relax pa kasi kakaalis lang nya so hopefully, makabawi din sya before the month ends. First of all, aasikasuhin muna nya ang mga lisensyang kelangan nya so he could apply sa airport. Bless us, Lord!

I also read Bo Sanchez' "8 Secrets of the Truly Rich" which was a very nice book if you're going to talk about finances. I have read his "My maid invests in the stock market" last year naman which I forgot and was not applied sa aking everyday life so hopefully, this time, I'll be able to make it. I am really motivated so push ko na talaga 'to.

Now, here's my plan.

I want to build an emergency fund first kasi this is what mostly the books and blogs are telling me. I have to have one for emergency situations such as: 1.) unemployment 2.) Calamity 3.) Sickness. Based on what I read, ideally 6 months of your monthly salary. Mejo malaki for me so to make it more realistic, I wrote down 3 months lang muna. After that, I can continue with the other 3 months pa. I even checked kung saang bank ko ito ilalagay and I choose BDO for it. It was just funny kasi when I went there earlier, the teller discussed that it would be good kung sa savings account na lang muna. What she's trying to tell me is that, I can easily withdraw money kung gagamitin ko which was ideally what emergency fund should be. I was thinking about it still kasi I have a savings account na walang laman sa BPI already. I think I would just have to keep that don't you think?

Next, Pay off debts. It was surprising pero true. If I want to be able to invest later on and be ready for my own retirement, I should be debt free. Honestly, I don't know how I do it pero I am sure there'll be a way. I just have to figure it out. As much as possible now, I am trying to avoid debts and gladly, hindi ko na nadagdagan ang dati. I just have to find a way to pay off my credit card debt and I should be okay.

Then, Invest. The earlier, the better. Investment is a matter of time and money. I have plenty of time before retirement then I will give my money a plenty of time too to compound. I am really looking forward to that. I am trying to study more about it and surely, after kong ma fulfill yung emergency fund then I can proceed with investment. It was funny kanina sa BDo nga when I inquired of their service, the teller asked me, how old am I. I said I'm 24 turning 25. The teller replied "Ay, sobrang bata." Napasagot tuloy ako na "Ilang taon po ba dapat? (to avail of their service). Tapos sabi ng teller, "Hindi, mas bata, mas ok." Hahaha. Muntik na akong matawa kasi akala ko she's trying to tell me na hindi pa ako pwede kasi ang bata ko pa. Anyhow, I was thinking of which service to get. For the mean time, my focus was to reach my emergency fund's goal/ My 52 Weeks Money Challenge, Coop Money and Other surprise Money will go there. Sana by the end of this year or early next year, ma reach ko na ang goal! =)

Have you read their books too mother? Any tips on savings and investments?

52 Weeks Money Challenge Monthly Report : February

Hi guys!!!!!!!!!!!!

I missed you so much! Sorry for not updating you for the past few days. There has been changes at work kasi. I am assigned to a new task which requires my attention for quite some time. Anyhow, what are you guys up to this month? March na, sobrang bilis ng araw ano?! I bet a lot of you have plans na about your summer getaways. Us? Technically wala pa talaga. Besides, mejo nagtitipid kami ngayon  eh. Hehee. Maybe along the way we would have one. I mean, we will surely have one pero dito lang siguro sa malapit. Can’t afford pa ang malalayo. Heheh.

It was really funny kasi I read a financial book last week and I wanted to apply what I have learned pero it makes it hard for me kasi iba ang pattern ng payday namin. Basically, I have to create a customized one like what I did on my 52 weeks money challenge. Speaking of, I would like to give you an update about my 52WMC for February.

Last month went really quick and before I realize it, tapos na ang buwan. Hehehe. I have posted my own 52 weeks money challenge templatehere. For your reference, here’s the template but you could read the post about it too so you would now how I came up with this. 

 I actually finished February nung 3^rd week pa pero I opted to post it at the end of the month para mas ok. As of the moment, I have P1,190 pa lang. there were times kasi na instead of paying P530 lang, I add 10-20 pesos depende sa barya na meron ako. Heheh. Honestly, wala pa akong mapaglagyan ng money. Nakatago lang sya somewhere pero I don’t have a lalagyan talaga. Anyway, parang mas ok din naman na ganun na lang para hindi ko mainip na hindi ko sya napupuno. Hehehe. =)

How about you Mommies? Any updates on your monthly goals?

52 Weeks Money Challenge Monthly Report: January

Ola Muthers!!

How was your V-day? Did you spend it on a fancy dinner? Or in a movie house? Ako? We spent it together, all three of us (Daryl, James and I) in Manila Ocean Park last Sunday. It deserves a separate post kaya watch out for it na lang.

For the meantime, I would like to give you an update on how my 52 Weeks Money Challenge went.

As I have said, I made a customized template for my 52 weeks money challenge. Here it is. 

So as you see, relax lang for January. I have a very minimal amount pa lang to save. At the end of the month, I only have a total of P100.

The reason I am actually sharing this? Para lang may challenge. At least mejo may pressure ako na alam nyong may 52 weeks money challenge pala ako diba? Hehe. Sorry if the update was kind of  late na and we are in the middle of February.

I’ll try my best to post the update on a timely manner next time. Heheh.

Although, I don’t have a place to put the money in. I mean wala akong jar or coin bank. Sabi kasi ni Nanay mejo panget daw ang may coin banks sa bahay #oldwivestale. Kapag nilalagay ko naman inside my wallet, nagagastos ko kasi minsan I would mistakenly get money from it eh. Hayyy… Inooffer ko nga sa friend ko na utangin muna nya. Hahaha. Ayaw din naman.

I better have somewhere to put it in. I’ll let you know =)

52 Weeks Money Challenge - Customized

One of my New Year’s Resolution this year is to Save Money. Last year, when I was introduced to Mommy blogs, I was also able to see Kurpot Pinay’s template of the 52 Week Money Challenge. Back then, she took the 50 increment and monthly, she’s having an entry on her blog to report her progress. I was really amazed on how she managed to keep her goals. Dahil jan, peg ko na sya this 2015!

Yahoooo!!!

Since I am in the new phase of living my life – my own rented house, having a nanny, everyday food etc., I am trying my best to discover the world of budgeting. Before kasi, dedma lang sakin yang budget budget na yan. If I want something, go lang ng go.

So what I did early this year was to write down the things that I want to accomplish then cross them out when it’s done. Good thing meron din akong planner kaya I am reminded of the plans. It’s my first time to do all these things so come and join me in fulfilling this goal of mine!! =)

For me to save this year, I chose the 52 weeks Money Challenge in 10 peso increment. I think for our budget, it would be enough lang. At least it would be realistic and hindi ako mahihirapan when I reach the highest amount particularly in the next couple of months.

I have read, Mommy Joy of Happiness of Joy that she took this challenge too, only she started from the higher amount going to lowest.

You see, you can customize this challenge on your liking. Of course you have to consider your budgets, money and as to when do you get your pay from your employers. You have to set a challenge that you think na kaya mo naman unlike setting up a higher goal then on a later part, hirap na hirap ka naman ma fulfill at ang ending, give up ka na lang.

Let me show you my template, 

I copied the template from Kuripot Pinay’s blog and printed it out. I am actually thinking if I can reach the goal on the later part. I think I would have a hard time so I decided to jumble the template.

I actually sandwiched the small amounts with the bigger ones so I won’t be that stressed with the amount that I’ll save. In my case, I get paid every 2 weeks so biweekly, I can manage to at least get the required amount for me to save. I actually got the first month of January covered since small amount pa lang so I did the sandwich approach to the months of February – November. I left the December as it is because I would have my 13^th month pay to cover that month. It might look confusing to you but what I did was, I had the small amounts increasing every week while the huge amounts are decreasing. It would appear that I will pay Php530 biweekly.

As I mentioned, I got the January covered that’s why hindi ko na sya sinali sa arrangement along with December. So far, I had Php100 as per tracker.

I think this template would work if you:

* are too excited to see your savings grow. I admit that my previous goals in saving money wasn’t successful because I get so bored waiting for it to grow. I want to see it doubled or tripled but since minimum amount lang, mejo mabagal ang pag grow ng money which in the end, tinatamad na lang ako. With this template, there were weeks that you would save a bigger amount which would build up fast din.

* are being paid biweekly or twice a month (15^th and 30^th). Most employees get paid twice a month only so it would be a burden if you would have to save for the weeks that you don’t get your salary. I actually encountered this last year where I was only able to complete a month. Aside from the fact that my goal was unrealistic with what I can save every week,  I had a hard time saving for the weeks na wala akong sweldo. I learned from so I customized it to give way for those weeks in the middle of payday to save a minimal amount. With this template, I would save Php530 biweekly. In this way, I am aware of this certain amount that I have to save on my salary every now and then. Say for example, the week of Feb 1 – Feb 7 and Feb 8 – Feb 14 would be a total of Php530. That same goes to other weeks.

* don’t want to get bothered on how much your next two weeks would be since you would only pay a certain amount. Using the regular template, there were weeks that you have to pay Php210 and Php220 which would be a total of Php430 then the next two weeks after that would be Php470. Although it would be couple of tens higher, it would be a lot harder for the months of July, August and September onwards.

I took up this challenge so I’ll be able to fulfill one of my New Year’s Resolution for 2015. I customized it the way that it would be fun and easy considering my budget and my salary. Who knows? If I can ace it by the end of the year, I may be able to go up to 20 increment right? =) #positivebivelang

San ko ba gagamitin ang pera?

Emergency Fund. I wanted to have what they call “Emergency Fund”. This would be used only for emergency purposes like hospitalization, calamity, or unemployment. They said that Emergency Fund should be 6x of your monthly salary. I won’t go to that yet kasi it would be really hard for me so I would start with this. I am looking to put this on a savings account for the mean time. I am also considering the amount of Php13,780 to open an account and play a game with stock markets but I don’t want to go that far yet. I don’t know anything about stocks so ngayon, savings muna ako. Who knows? Magka idea ako in stocks before the year ends. =)

What I was planning to do as well is, instead of saving Php530 pesos bi-weekly, I would make it up to Php600 so there would be an extra Php70 which will become a total of  Php1,540 if my calculation is correct. (52 weeks – weeks of January and December (8) = 44 divided by 2 (biweekly) multiplied by Php70). Tell me if I calculated it wrongly ha?! So with these, I would end up having a total of Php15,320 by the end of this year.

Anyone can actually make this 52 weeks money challenge. You just have to make sure that you customized it based on your capability. I hope I could stay on focus in reaching the goal! So help me God! =)

How about you muthers?! How do you plan to save money?