6. look for second source of income or sideline

I call #2 as staycation: stay at home vacation…just did it again last sunday after visiting the Lung Center market. a frugal feast followed at home. Imagine 3 bundles of fresh lettuce for P100? similar bundle at SM costs P60 each.

Also bought live mudfish, some desserts and pre-marinated pork barbeque. We brought out our grill and barbequed in front of the house

The inflation here has been soaring specially in the last two years mainly due to high rents caused by high demand for accomodation. So the high prices of goods aren’t really the result of the financial crisis. However because the price of goods has increased as much as 150% as compared to when I first came here four years ago, I’m quite careful with my spendings now.

When I shop now, I try to see if the prices have increased so that there will be no surprises at the counter (I don’t do this in the past).

Then, I cut on the things we don’t need and those items that have the potential to be wasted. ex. My family is not fond of bread. When I buy bread more than half of it is wasted so I don’t buy bread anymore.

I tend to stick to certian brands but what I do now is I try not to waste things. For instance, I just use a certain brand of detergent. In the past, I don’t care if I run the washing machine with just one pants. I avoid that now. I make sure the use of detergent and water is maximized.

Those are just a few things

Prices are going up for food,groceries,etc.Quality & quantity of food serve in restaurants,etc., are getting bad.Traffic always.Our Cities air are polluted,streets are dirty.Crimes,killings,robberies,shooting are happening more. Drugs are all around.But the Church & the Filipino People are not complaining,not doing anything to solve it. And you are asking if we are feeling the crisis? Its been here and its going to get worse. All we read and hear in our media are lies. We are not being told of the crisis.

Salve, the pessimism created by the global financial crisis is like a black hole. It will suck us in regardless if we’ve been hit by the crisis or not.

what financial crisis? as long as you have no debt and net cash inflow is not more than net cash outflow, you should be ok.

Surveys are just a compilation of what people answers but it may not be the reality. Surveys are different to the accurate data. Filipinos has an attitude for many years of saying below the level of reality. Many middle to wealthy people will say they are not rich when ask what their status. Many will say they are hungry even if their not. Since I was in grade school (Marcos era), year after year I heard the old saying that life is harder and harder, it’s difficult to get a job nowadays, the country is getting poorer and poorer. I heard these sayings by politicians, adult people and most especially people in media every single year for four decades. NOT a single year I’ve heard most Filipinos say that our country’s economic situation improved. Yet despite this survey of sentiments, if it’s really true that every single year that our economic situation is getting harder and harder, how come that between now and 40 years ago we are seeing a lot of differences. Many Filipinos today have cellphones, TV, radio, cars. Forty years ago if u have these you are considered rich. We can see more high-rise buildings, more roads, LRTs, MRTs, more people travel by plane and shopping malls sprouting all over the country. Travel is a lot easier now that places that are far before seem got nearer. More middle incomes can now go for a vacation to nearby asian countries. If it’s really true what I heard from Filipinos since 40 years ago that life in the Philippines are getting bad every single year, then HOW ARE THESE DEVELOPMENTS POSSIBLE? Is the media feature more of the worst that are greatly influencing the people? What we hear people say from surveys may be far

Surveys are just a compilation of what people answers but it may not be the reality. Surveys are different to the accurate data. Filipinos has an attitude for many years of saying below the level of reality. Many middle to wealthy people will say they are not rich when ask what their status. Many will say they are hungry even if their not. Since I was in grade school (Marcos era), year after year I heard the old saying that life is harder and harder, it’s difficult to get a job nowadays, the country is getting poorer and poorer. I heard these sayings by politicians, adult people and most especially people in media every single year for four decades. NOT a single year I’ve heard most Filipinos say that our country’s economic situation improved. Yet despite this survey of sentiments, if it’s really true that every single year that our economic situation is getting harder and harder, how come that between now and 40 years ago we are seeing a lot of differences. Many Filipinos today have cellphones, TV, radio, cars. Forty years ago if u have these you are considered rich. We can see more high-rise buildings, more roads, LRTs, MRTs, more people travel by plane and shopping malls sprouting all over the country. Travel is a lot easier now that places that are far before seem got nearer. More middle incomes can now go for a vacation to nearby asian countries. If it’s really true what I heard from Filipinos since 40 years ago that life in the Philippines are getting bad every single year, then HOW ARE THESE DEVELOPMENTS POSSIBLE? Is the media feature more of the worst that are greatly influencing the people? What we hear people say from surveys may be far from TRUTH.

i think the feeling comes from the rising cost of basic necessities. just yesterday, i did my grocery and found out that the 2kg of tide is now P233. last month, it was only P209 from the same store.

hubby and i have received a substantial increase in our salaries but still, we find this year one of the worst years financially. prices are just too damn high!

personally, i’ve done #1 and #2.

a simple solution…

live within your means

Company sponsored Christmas Party’s are here again…

with it comes the raffle prices.

I usually wait for the winner to be announced and If I like the price, I get it from the winner in exchange for instant cash.

I either use it or resell it at a higher price then.

Also, how about changing your shopping spree, instead of the usual mall, go to divisoria,baclaran and sta.cruz. you will have lots of exercise and savings too.

Financial crisis is self fulfilling. If everybody cuts spending because they think there will be a recession, it will really happen due to huge drop in consumer spending. If everybody sells their stocks because they think the stock market will crash, it will really crash due to massive sell off. As Peter Lynch said, unless you’re a short seller or a poet looking for a wealthy spouse, it doesn’t pay to be pessimistic.

Well I’m feeling the crisis now in terms of cost-cutting measures made by my current company. Their US client just got a new service provider.

But in terms of pay, I have yet to feel it to where I will transfer.

I still save aggressively, around 50% to 60% of my income. I still manage to feed and house a family of four, so we’re doing fine. With the peso going down against the dollar, and with my online income completely in dollars, this means I get more for each dollar I earn. But is it enough to cushion me against the rising cost of commodities? I don’t know.

I did not postpone our 9-day vacation in Bohol this month, mostly because I knew it would be worth it and we kept expenses within the budget. We saved up for this vacation in small increments over the months, so its dent in our monthly expenses was hardly felt.

I don’t have any debt (no credit cards), so #4 doesn’t apply, and I’ve always kept our telecommunications costs to a minimum.

As for postponing big purchases, like I said, we incrementally save up for them over the months. Right now, the only big purchases we’re saving up for are getting our provincial house built and the home repairs I have to pay for in my mother’s house. While I’m on track for both goals, I’d like to do a little better (save up more each month for them).

I felt the crisis just like millions of ethnic Filipinos the moment PGMA assume the presidency. She is the epitome of a President who gave pittance for the poor while she spend the rest of hard earn taxe money on superficial, over priced, and poorly planned projects, not to mention the billions of pesos syphoned by corrupt government officials.

No other than the IMF or International Monetary Funds made mention of the seriousness of corruption in our country. Senator Chiz Escodero and Lady Senator Miriam Santiago made mention of this anomaly. The magnitude of funds which runs into billions is lost, such amount which has never happened during the terms of past Presidents.

During the term of PGMA, prices of basic commodities have ariticially gone up with the tacit approval of our government. One of the commodities affected like cement, which is price per bag at 87 pesos per bag in 1997, went up to 200 pesos or more. Even a small item like band-aid, which was just recently priced at 1 peso apiece, is now 2 pesos.

The much vounted government subsidized fertilizer which was six months ago was less than a thousand peso, is now price more than 2 thousand pesos per bag. Under Secretary Arthur Yap made mention that the money for fertilizer subsidy was directly given to the distributor, so why is the fertilzer expensive? Is this another double talk? Not only did the fertilzer gone up but also insecticides and hybrid rice seeds. How do you expect self-sufficiency on food production as mentioned and still being mentioned by PGMA when the farmers can hardly finance their planting?

These ethnic Chinese has ariticially jack-up almost every commodity. Look at what is happening to the price of fuel. It should be ranging by now around 35 pesos according to Ralf Recto, the “father” of E-Vat, yet, what is our government doing? Are they not morally obligate to take drastic measure against these profeteers? What is Angelo Reyes of the Department of Energy doing? If he cannot decipline these profeteers, he might just as well resign.

What do you call the Pulse Asia Survey wherein 80% of ethnic Filipinos hardly eat a square meal a day? If this is not crisis, what is?

After all the empty rethorics delivered by PGMA, how far has the government done to allliviate the poor Filipinos? Are we. the Filipinos, again, holding the empty bag?

I think in times of crisis, the ones who have lots in savings should start spending more so there will be balance of trade. If everybody will save what they earn there will be surplus in bank deposits but lacking of money in circulation, businesses will close and more people will lose their jobs which will eventually affect tax collections of the government. Thanks to the OFWs whose incomes do not depend on the local government our economy stays afloat amidst the global crisis.

The best thing to do is really live within your means. Spending money which you have not even earned yet will only result more debts to come.

It has never been closer to home than today. The company that I work for is directly affected by this as a major global financial institution. If things don’t turnaround soon, I may be on a receiving end of another “Lehman”.

I felt the crisis. I lost more than 250K from my investment. Pulled it out and shifted to SDA. I do #1-#3. Don’t have #4 (I hate credits). #5 is only minimal.

our choices:
1. work more
2. want less

admittedly. a number of our poor countrymen have run out of things to give up.

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Feeling the crisis?

Not……yet, but from all indications 2009 will be a wild year for all. Let’s just be calm and try our best to keep things in perspective. Any crisis will always bring out the best in people, at the very least we think more of the really important things in life. Dyan makikita na magaling ang Pinoy sa diskarte.

well, the company has just announced that there will be no increases worldwide for next year… I guess that’s that!

i feel the financial crisis already.
- NAVPS are delcining
- only few software projects related to our skills are offered
- few to many had been retrenched.
- no more christmas party from most companies.

but its not avoiding me to do my christmas list

http://earathou.i.ph/blogs/earathou/2008/11/19/my-christmas-wishlist/

(^_^)

We Filipinos have experienced almost all crisis imaginable. But look at us, we are standing with that famous pinoy smile… i guess its not in the money.. its the attitude. Because by any means, pinoys are survivors…. we will always find a way….

One thing the hubby and I have done not just to save money but to go back to the basics (going to the mall, eating at expensive restaurants, I find, is getting to be a little unsatisfying now) is to take walks at the UP Circle during the weekend…. Amidst the trees, we get to talk, look at the stars, wonder at the kulisap and follow his progress. Our little girl loves it and says, every time, that it is the nicest night of her life. We plan to bring her bike or her scooter the next time. I wish, though, that we had more libraries where we there is an abundance of good books that we can read for free and in silence (and without the hazard going to libraries entails like bringing a form 5 or applying for an ID haha), or parks where we could bring a picnic basket. Oh… there is Lamesa Dam and it is so near. Maybe next time…