We Filipinos are known to be one of the most hardworking and competent races all throughout the world. One clear indication of this is our worldly-renowned overseas Filipino workers that strive so hard just for their families to have a good and great life. However, some, if not most, Filipinos have adopted these cultural habits that possibly are few of the reasons why money/finances is a problem. Here are 10 of the money habits Filipinos should immediately avoid.
In general, new and trendy items get the most out of our wants and if we see our friends having these then it would automatically make us want them. This attitude unfortunately can lead to unhealthy and unfathomable results to how we manage our expenses. Think of it like this; true friends would never let you go broke – really. True friends would always understand how you are in terms of finances. The trends? Let them be. There will be a more appropriate time for all of those – we just need to be patient.
2. “When it’s for food, it’s okay”
Photo: Flickr
This actually is one of the more common things we hear which is a no-brainer since food really is a necessity. Well, yes it’s not actually wrong to think of your expenses for important things like food but we know that there are a lot of alternatives or a lot of cheaper goods instead of going for those gold-like expensive groceries/meals, right?
3. One Day Millionaire
When someone worked hard and it paid off then the reward really is mesmerizing and tempting to gash down immediately. It’s never wrong to treat yourself but wouldn’t it be better if you treat yourself in a long-term perspective? Try and think about the things you buy for yourself when you say you are “rewarding yourself” and try to compare if you just save or invest it for something that can yield you more profit. I’m not saying you can’t buy but just think about the things you would.
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