Measures

In light of the great global and local financial crisis which they say will go on at least until the end of 2009, I thought of responding in my own little way by writing down a short and simple financial resolution to guide me in my spending and help me become more prudent on my finances:

Cost Cutting Measures Computation Annual Savings
1. Clean and wash the car myself
---> Ps100/wk x 52 wks = Ps 5,200/yr

2. Set weekly budget to Ps2,500 from P3,000
---> Ps500/wk x 52 wks = Ps26,000/yr

3. Bring packed lunch to the office 2x/wk
---> Ps250/wk x 52 wks = Ps13,000/yr

4. Get to office early and avail of free parking 2x/wk
---> Ps270/wk x 52 wks = Ps14,040/yr

5. Remove junk snacks in my list 2x/wk
---> Ps200/wk x 52 wks = Ps 10,400/yr

Total Savings --> Ps68,280/yr!

The end result of this simple resolution is quite startling. I didn’t realize with a little cut on my spending here and there, which honestly won’t hurt much, the impact is quite significant. With this amount, I can already avail of some VUL products or MF products and make a good investment out of it. Now that makes me more determined to keep this resolution!

Re-start

"Review. Renew. Re-do. Relive. Relieve. Retrieve. Re-write. Re-start. Hoping this time, I will do it right..."