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Money Matters!

What to do with my money? When I got my first pay slip, I write down on a piece of paper all the expenses for a month like daily allowances, offerings for church and contribution of utility’s bills at home. Our company allows the employees to contribute with the company’s provident fund by salary deduction. This serves as my savings. Also, I put aside to save for my travel goals because I’m always looking forward for vacations. I realized that on my list, I still have money left for myself. I know for a fact that I don’t spend much for things I don’t need. So what I did is just put it on a different wallet and just keep it in my drawer. And now, this serves as my emergency fund. I learned from a friend that setting aside for emergency fund is necessary. It is my “DO NOT SPEND” money, except for emergencies. Upon regularization at work and every year, my salary increases. I also accepted part-time bookkeeping services or accounting works offered by family and friends. To summed up, the source of my money increases. “Where should I now set this?”, I asked myself. Then, I start investing.







At this early age of 20s, I was introduced on different investment schemes like mutual funds, stocks, uitf, bonds, etc. But I just invested in stocks, because that is what I know I’m capable as of now.  I was hesitant at first, but I took the risk and it’s one of the best decision I made. I am still young and I know time is on my side. I just started small, and starting at the moment is what’s important. I don’t spend my time trading stocks, I just let my money untouched and plans to let it grow for ten to fifteen years. I am focus on a long-term goal. Within the next ten years, I would have resources enough to help my family needs wherein I can provide the wants and needs of my future children, especially their education. Within the next twenty-five years, I would have saved enough for my retirement and enjoy the fruits of my investments having a comfortable way of living.

It is not bad to be born poor. It is bad to be still poor when you grow old. Your money will never define who you are, you have to define your money. The choice is always up to you. You should make decisions based on what you know is true for you. Saving money is a responsibility. What I’ve read from a social media post, “Parents are not emergency funds, children are not retirement funds.”. Fortunately, it is never too late to learn and to save. When you retire, are you sure that you can live in comfort? Your future will depend on what you do for yourself. We should start now; I’m calling all the millennials not to spend their entire money for nothing. Self-control is the key.

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