Author Topic: Money-saving tips amid price increase in goods and services in 2018 (Read 2692 times)

islander · « **on:** January 05, 2018, 02:18:42 AM »

Experts share money-saving tips amid price increase in goods and services in 2018

UNTV News,UNTV News Wed, 3 Jan 2018

(Left-Right) Business and financial consultant Roselle Reig, economist Wilson Flores and businesswoman Roshalem Tomelden

MANILA, Philippines — Business and financial consultant Roselle Reig believes there are many simple ways to save money.

She says one of these is to eat at home or bring drinking water before going out to avoid spending more money.

Reig also advises the public to list their groceries and look for alternative products which are cheaper than their branded counterparts.

Instead of buying from malls or supermarkets, Reig notes it would be cheaper to buy groceries from public markets which offer commodities at cheaper prices.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=88878.0

islander · « **Reply #1 on:** January 05, 2018, 02:20:02 AM »

To save time and transportation fare, the business and financial expert advises the public to wake up early to avoid traffic and to recycle materials when needed.

“Hindi lahat ng bagay binibili. Marami tayong puwede i-recycle o i-reuse na mga gamit. Halimbawa mga ketchup bottles na pwede pang paggamitan sa ibang bagay; mga old clothes na pwede kay baby naman o sa bunsong anak,” she said.

(Not all things have to be bought. We can recycle or reuse some products. For example, ketchup bottles that we can reuse to store other products; hand-me-down clothes for younger children.)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=88878.0

islander · « **Reply #2 on:** January 05, 2018, 02:21:06 AM »

According to economist Wilson Lee Flores, the public should save money even though the economy is expected to further improve this year.

“Karamihan sa buong mundo kapag nag-iisip na magtitipid ang ginagawa gumastos muna at kung ano matitira ay i-save, dapat baligtad, kapag dumating sahod o kinita natin dapat may target ka na… yung natira mong pera yun ang pagkakasyahin mo,” economist Wilson Lee Flores said.

(People in many countries, when thinking of saving, they spend first and save the surplus amount. It should be the opposite. When you’re salary is about to come, you should already have a target. And you spend wisely your remaining money.)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=88878.0

islander · « **Reply #3 on:** January 05, 2018, 02:22:11 AM »

Ms. Reig, meanwhile, notes the public should not resort to saving money only but also target to make it grow.

Ang bottom line kasi natin sa pagtitipid ay para mayroon tayong future goal na i-meet. Pwede magkaroon tayo ng savings na kakailanganin natin kung tayo ay mag-nenegosyo, savings na kakailanganin kung tayo ay mag i-invest para yung pera naman natin kumita,” she said.

(Our bottom line in saving money is to have a future goal to meet. We can have savings we can use in the future to start a business. We can have savings that we can use in an investment so our money will grow.)

Businesswoman Roshalem Tomelden began working at an early age. She noticed that her income was not enough to sustain a living.

That’s why aside from a job, she also invested in a coffee shop with some of her friends.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=88878.0

islander · « **Reply #4 on:** January 05, 2018, 02:24:01 AM »

“Mag-invest ka sa business. Oo, iisipin mo malaking take ng risk yan kasi puro labas yung pera mo. Paano mo masasabing may savings ka eh labas ka nga ng pera. Pero after ilang months kapag na compute mo na siya makikita mo na may return of investment ka pala,” Tomelden said.

(You should invest in a business. Of course, you may think it is a big risk because you just keep on releasing money. How can you say you have savings when you keep on releasing money? But after several months, when you compute it, you will your return of investment.)

The public will soon experience the impact of the additional taxes approved by President Rodrigo Duterte. These include the increase in prices of petroleum products and other commodities.

Lawmakers vowed to take steps in easing the burden that additional taxes will give by implementing programs that would help the poor. — Mon Jocson | UNTV News & Rescue

https://ph.yahoo.com/

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MikeLigalig.com · « **Reply #5 on:** January 05, 2018, 06:25:17 AM »

kining TRAIN maoy makasamot mahal sa goods.

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hubag bohol · « **Reply #6 on:** January 05, 2018, 09:22:19 AM »

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islander · « **Reply #7 on:** January 05, 2018, 05:37:49 PM »

8 simple ways to save money

Sometimes the hardest thing about saving money is just getting started. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. This step-by-step guide to money-saving habits can help you develop a realistic savings plan.

1
Record your expenses

The first step to saving money is to figure out how much you spend. Keep track of all your expenses—that means every coffee, newspaper and snack you buy. Ideally, you can account for every penny. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Consider using your credit card or bank statements to help you with this. If you bank online, you may be able to filter your statements to easily break down your spending.

2
Make a budget

Once you have an idea of what you spend in a month, you can begin to organize your recorded expenses into a workable budget. Your budget should outline how your expenses measure up to your income—so you can plan your spending and limit overspending. In addition to your monthly expenses, be sure to factor in expenses that occur regularly but not every month, such as car maintenance. Find more information about creating a budget.

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islander · « **Reply #8 on:** January 05, 2018, 05:45:47 PM »

3
Plan on saving money

Now that you’ve made a budget, create a savings category within it. Try to put away 10–15 percent of your income as savings. If your expenses are so high that you can’t save that much, it might be time to cut back. To do so, identify non-essentials that you can spend less on, such as entertainment and dining out. We’ve put together ideas for saving money every day as well as cutting back on your fixed monthly expenses.

Tip: Considering savings a regular expense, similar to groceries, is a great way to reinforce good savings habits.

4
Choose something to save for

One of the best ways to save money is to set a goal. Start by thinking of what you might want to save for—anything from a down payment for a house to a vacation—then figure out how long it might take you to save for it. If you need help figuring out a time frame, try Bank of America’s savings goal calculator.

Here are some examples of short- and long-term goals:

Short-term (1–3 years)
#Emergency fund (3–9 months of living expenses, just in case)
#Vacation
#Down payment for a car

Long-term (4+ years)
#Retirement*
#Your child’s education*
#Down payment on a home or a remodeling project

*If you’re saving for retirement or your child’s education, consider putting that money into an investment account such as an IRA or a 529 plan. While investments come with risks and can lose money, they also create the opportunity for compounded returns if you plan for an event far in advance. More details in step No. 6 below.

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islander · « **Reply #9 on:** January 05, 2018, 05:51:47 PM »

5
Decide on your priorities

After your expenses and income, your goals are likely to have the biggest impact on how you save money. Be sure to remember long-term goals—it’s important that planning for retirement doesn’t take a back seat to shorter-term needs. Prioritizing goals can give you a clear idea of where to start saving. For example, if you know you’re going to need to replace your car in the near future, you could start putting money away for one.

6
Pick the right tools

If you’re saving for short-term goals, consider using these FDIC-insured deposit accounts:
#Savings account
#Certificate of deposit (CD), which locks in your money at a specific interest rate for a specific period of time

For long-term goals consider:
#[FDIC-insured] individual retirement accounts (IRAs), which are tax-efficient savings accounts
#Securities such as stocks or mutual funds. These investment products are available through investment accounts with a broker-dealer. Remember that securities, such as stocks and mutual funds, are not insured by the FDIC, are not deposits or other obligations of a bank and are not guaranteed by a bank, and are subject to investment risks, including the possible loss of principal investment.

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islander · « **Reply #10 on:** January 05, 2018, 05:55:16 PM »

7
Make saving automatic

Almost all banks offer automated transfers between your checking and savings accounts. You can choose when, how much and where to transfer money to, or even split your direct deposit between your checking and savings accounts. Automated transfers are a great way to save money since you don’t have to think about it and it generally reduces the temptation to spend the money instead.

8
Watch your savings grow

Check your progress every month. Not only will this help you stick to your personal savings plan but it also helps you identify and fix problems quickly. These simple ways to save money may even inspire you to save more and hit your goals faster.

https://bettermoneyhabits.bankofamerica.com/

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MikeLigalig.com

Author Topic: Money-saving tips amid price increase in goods and services in 2018 (Read 2692 times)

islander

Money-saving tips amid price increase in goods and services in 2018

islander

Money-saving tips amid price increase in goods and services in 2018

islander

Money-saving tips amid price increase in goods and services in 2018

islander

Money-saving tips amid price increase in goods and services in 2018

islander

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