Saving Money

// February 26th, 2006

This is one endeavor that I have never quite indulged in. It’s in the genes. My mom would always tell me, “Your grandma would has this philosophy(?), when there’s food eat all of it. When there’s money, spend all of it. When there’s none, there’s none!”. There’s my lame justification of my being a plastic-money-swiping-trigger happy person.  

But hey, I never dismissed the idea of being able to save some for the rainy days. Here my plan:

I have to have a solid emergency fund, which is supposed to be a 6-month’s worth of my salary.

 I have to have a future investment fund also known as a long-term want fund, which is supposed to be at least 20% of my monthly earnings in 3 years. This moolah is for my future offline business, maybe a resto or a 5-part apartment for rent.

I have to have a short-term fund, which should come from my sidelines. It’s for my gadget and travel obsession. Yes, it will suffice since I am aiming to travel Philippines first. The farthest I’ve been to is Laguna. Hehehe.

So far I was able to start on my emergency fund. But it keeps on being devoured by my short-term wants, sheesh. Somebody definitely is doing this a lot better than I do. I wish to encounter such person. Soon. Sigh.