For most employees in the Philippines, tomorrow is, once again, the much-awaited Sweldo Day! Yehey!
Remember to immediately transfer the amount of savings from that Payroll Account to your Emergency Fund, Long-Term Savings, or Investment Account as soon as you can… before it’s gone!
It is possible that you might overspend your money instead of sticking to the budget you set a month ago. Based on my–and everyone else’s–experience, this always happens causing us to use our cash on hand, credit cards or credit lines impulsively, which leads to our financial nightmare once the eye-popping, mouth-widening bills have arrived.
When our wallet is stuffed with excess 500 and 1,000 peso bills plus a plethora of credit cards… How can we resist the temptation then?
I simply can not… and most likely, so are you and the rest of the Filipinos. This is the Scary Risk you have to face and prepare for if your excess bank notes, which should be “saved” and protected from your squandering self, are left there in your pocket–easily accessible, easily lost.
So… Cut-Off the Risks now!
This is an important and urgent task for you to do every payday, especially if you already know yourself that you can not handle your finances well.
For OFWs, it is a good practice to remit your hard earned money as soon as you got your pay. If you keep this habit, I can personally assure you that you’ll reach your target savings for your beloved family in no time.
Working abroad is hard and lonely, with our loved ones missing us dearly. So let us do the right choice today, or go back home still deep in debt and with no sufficient savings, let alone owning an established secondary source of income that will augment our salary once we are back home.
It’s our money. It’s our choice. And it’s either our Financial Success or Regretful Failure. So please, don’t pass the burden to someone else.