The best thing is to have an annual plan. make sure you cover the expected expenses for the year and start saving for it. you cannot be ready for sudden expenses like health emergencies, but this is what your buffer fund is for. car registration/maintainance/check-up is no emergency expense, so one should have appropriated funds for it early on.

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great post Karen! Glad that you’re posting regularly now at MoneySmarts, yey.

I used to hate tracking every single peso spent. As you know, I hate traditional budgets. But it finally dawned on me that I have to at least track major expenses for one whole year to get an overall sense of how much my monthly budget really should be and when “balloon expenses” happen. Only then can I anticipate these things in the coming year, so that I don’t have to see an entire paycheck disappear in two days!

Haha, I so know what you just went through. It’s common in summer, June, November, and December. Tipong oops-san-napunta-pera-ko moments yan. Eliminate these by having a sinking fund, but you only know what your sinking fund should be, if you know what you actually need to spend on regularly. As you say, save, save, save.

Yes, our day-to-day expenses have their way of surprising us and so it is indeed wise to save up especially if you have a family.

Nowadays, having one job is not enough. I think we’ve come to a point in this country wherein the economic situation is forcing most of us to find ways to increase cash flow - either by taking part-time job apart from our full-time job, running a small business on the side, or taking up gigs and just about every opportunity to earn a little extra.

money problem can be anticipated by a system of budgeting. how can this be done.

at the start make a budget. list all the expenses that will normaly be necessary as it falls under necssity. next list all the assumed desire or wants that necessitate for allocation of funds. then the desired amount to save for emergencies and other sundries. total everything and you will know the amount you need.

now list all the sources of your income. sum them up and you will know if you are going to have a deficit spending.

if it shows a deficit then you can look for other sources of funds. avoid loans that you have to pay. you may also slash items in your budget which are on sundries or luxuries. avoid apropriating money to items not on the budget.

now you can partialy solve your problems

Ah, the budget–every frugal person’s best friend. Yes we should make time to create a budget and save, save, save. And take extra gigs when we can, like what Courage Philippines says.

Salve!!! Miss na kita, gusto kitang sakalin. haha!

here is some tip to save your bill and buget it rigth ,tuition fees, electricity,rent, specially water bills and water the vital source of energy…..WATER….number one kaya ako ang sabe ko sa asawa ko at isang son eh…..kailangan mag tipid kasi mahal ang tubig at sayang kung ubusin ang reservoir sa dam….KAYA SABI KO>>>sa wife and son . BAGO FLUSH ANG TOILET KAILANGAN NAKA ECHASS…… NA ANG LAHAT BAGO FLUSH ! at agree namam sila. kaya walang problema doon.. sandale lang tawag ako ni MRS……! ako na daw ang susunod at huwag na huwag ko daw kalimutang hinde flush…..aattttt sobrang kuripot ko daw. yakkkkkk! ha!!!!!! god bless ! life is short be happy!

I have 5 kids. 2 in High school, 2 in elementary. And they all go to a private school plus 7 months old baby. How can I afford the tuition fees with less worries and without missing the fun of growing ups? I started saving for it right after the school opening with 10% increase anticipation. I cut down on food trips in fancy restaurant, and tried cooking instead at home. Thanks to You Tube. Yaya can watch with me. Everybody can have a taste without spending too much. Bottom line, spend wisely and save!!!

About the echas flushing thing. My mom uses water from laundry work to flush our toilet, instead of pouring that water through the drain. Saves money, and it eliminates that bad odor too.

Not flushing the toilet until everyone has pooped already is a little gross, i think.

It may not be as easy , as giving up — BUT Making more money is the best solution to all your problems.
All those who are financially successful have done it.

Avoid loans as much as possible. The cost of money is expensive especially from five-six lenders. If you have loans, settle them all one at a time or in a manner that will not sacrifice too much the needs of the family. It is a very nice feeling to live without borrowing. Try to save whatever amount in every opportunity. Your accumulated savings will become your capital in some entrepreneural venture one day. Wise spending habits should be taught to every member of the family.

Work the system –Build up your credit scores. Next, Get into as much debt as you possibly can. Buy houses, cars, jewelry, stocks etc…. don’t repay those debts and then declare bankruptcy . That is the way some Americans do it. — AND IT WORKS !!!!

I already took these kinds of expenses in the future and so as early as now, I am saving and learning about investments and financial intelligence so that when time comes for me to become a father, then finances wouldn’t be much of a burden.