My 5 Ways of Saving Money & Controlling Impulsive Buying

6:59 PM Cindy 10 Comments


I have been enthusiastic on saving! I’m hoping to reserve 100,000php amount for my emergency fund by the end of 2015. I can say that I am halfway there. But I encounter an unexpected problem, our financial expenses skyrocketed a month ago because of my parent’s arrival from the province. There's also an extra expenditure ruining my budget like I bought beauty products and few hair accessories! Yes, I gave in to temptations at times. Haha. I won’t deny that I’m the one to blame why my savings plan is doom. To patch this problem, I lessen my spending and banning myself from shopping for a month. There are also other ways that I did to save money, here are the following:


1. This month paycheck, I make sure I set aside of 20% of my salary into savings fund. 70% is for family budget while the remaining 10% is for my entertainment although I might put this one to savings again.

2. I avoid overspending thru writing down the items I will buy and I put a caps lock note of “Save, save, save!” at the bottom part. This might be silly but it works on me.

3. I have an excel sheet file, I write down my expenses there on where did my money go. From transportation fares, groceries or snacks I list everything! The benefit of doing this method is I can view the remaining cash or budget that I have or track down if I overspend.

4. I mentioned that impulse buying is my kryptonite on saving! To control my desire to shop I skip going to the mall during pay day. If ever I will go to shopping establishments I bring exact cash and leave my atm cards at home so that I won’t run to the cashier and take everything I fancy.

5. Another tip is doing grocery shopping with full stomach. Skipping meal will result to buying unnecessary food items to put on your cart. Yes, I experience doing this many times and I learned from it.

Do you have any saving tips that works on you? What is your ideal amount of emergency fund? When did you started saving for your future? I would love to read them! Share your comments below.

Photo Credit: Pixabay.com, Canva.com

10 comments:

  1. I find that having a concrete goal (i.e. Bring down mortgage by Php100,000 in 2015) helps me avoid splurging. Because I know my money has somewhere to go plus there's the thrill of being closer to a debt-free life, I don't feel deprived when I don't shop.

    Also, I only go to the mall when I need to buy something. And even then, in and out lang ako. Bawal gumala sa mall, gastos lang yan na pagsisisihan ko din later on.

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    1. Hello, thanks for dropping by and commenting on my entry! Mas less na rin yung pagvisit ko sa mall at kapag may gusto naman akong bilhin wait muna ako ng sale. Syempre dapat magset ng amount kung magkano ang gagastusin for my "luho" di pwedeng all out sa pagbili. :)

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  2. Hi sis! 100k din ang emergency fund ko pero ise-set aside ko in different banks -- 30k for personal emergency fund, 40k for health emergencies, & another 30k for unexpected family emergencies. Aayusin ko pa lang yan this year, i-segregate ko before the year ends kaya kelangan ko pang maghapit although I give myself a little reward once in a while pag nagpunta ako sa mall, kelangan din kasi minsan para maiwasan ang mapagastos ng malaki pag na feel kong deprive ako. Last year lang din ako nag-ayos ng finances ko at pinipilit ko din ayusin ang financial attitude ng family ko although napakahirap baguhin ng attitude nila :( but hoping mabago ko mindset nila.

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    1. Naks ikaw na talaga sis! Nainspired tuloy ako lalo. Halfway pa lang ako sa desired amount ng emergency fund ko although may mga unexpected expenses ako this month pero maliit lang. Ang wish ko at parati kong pinapagpray gabi-gabi is sana di magkasakit ang family ko lalo na yung mga parents ko. Mahal kasi ang gamot at ang hospital bill, que horror! Tinuturuan ko na rin yung 2nd sibling kong magsave ng sahod nya. Thank you pala for dropping by sa blog ko. Kinikilig ako sa tuwa kasi may nagcocomment dito at yung mga finafollow ko pa na mga blogger! :)

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  3. Nice tips Sis!!! Naku kailangan ko talaga tong mga reminders na to... the past few months grabe ako sa pag o-overspending. nakakaloka!!! Though I'm very fortunate to have multiple streams of income din at the moment.

    Your blog is so adorable. ang ganda ng design!!!

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    1. Thank you sis! Free template lang yan. Buti may konti akong alam sa css at html kaya na tweak ko ng konti. Buti ka pa may side line now kasi wala pa kong extra source of income e. Keep the faith sis at makakaipon din tayo ng desired amount natin for emergency fund at mutual funds. Hehehe.

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  4. Wow! 100k ang emergency fund tinalo mo pa ko cindy pero ok yan. Ang sakin kasi 6months ng expenses ko yung emergency fund ko. Eh nacompute ko 5k pala ang monthly expenses ko kaya times 6 lumabas 30k. Eh since ikaw breadwinner ka at halos ikaw sumasagot ng gastusin nyo sa bahay, ideal at practical yung amount na sinet mo. Nice one cindy! I learned a lot from reading this new blog of yours. :)

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    1. Thank you Jet! Marami rin akong natutunan sa blog mo lalo na ang mga stock picks. Hehehe.

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  5. I am also on completing my emergency fund this year but I failed this month I have a lot of expenses but I will try to cope up with it. Following you now!

    --

    nhengswonderland.blogspot.com

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    1. Yay! Thanks sa follow sis. :D Binabasa ko rin ang blog mo.

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