how to stash some cash
Writing by wisteria on Tuesday, 28 of August, 2007 at 11:53 pm
I have a huge budgeting problem. Everyone’s saying that with the salary I’m earning, I could already feed an entire family. Still, I’m not able to stash some cash. I have two savings accounts which both have a minimum maintaining balance. But other than that, I don’t have any extra cash.
Where does my money go? Let’s see, there’s insurance, phone bill, weekly grocery, transportation, meal allowance, some loans… and soon, I’ll probably be paying for mortgages.
My mom, who was very concerned about my lifestyle, told me a very good advice which got me to rearranging my budgeting, “There are three types of things we spend our money on – needs, wants, and luxuries. Spend your money wisely by buying only your needs and occasional wants. When you have enough savings, then you can pamper yourself by buying those luxuries stuff.” I heeded her advice. Right now, my savings accounts are slowly but steadily gaining numbers.
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Category: tips and tricks, finance
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