5 Ways to Grow Your Money

10 years ago, I was broke and in debt. I couldn't afford to send my son to school and I had debts in my name amounting to more than 300k because I trusted the wrong person.


5 years ago, I made the choice to do freelance work. It was a leap of faith but it was a choice that I made for my health and for what I was hoping would be financial stability.

2 years ago, I started to learn ways to save money. Finally, I had enough saved that I could afford to contribute to our Hong Kong family vacation. I could also afford to send my son to school and pay off his tuition fee in one go.

However, it wasn't enough. I would always feel like money just passed by and that it appeared when needed. I needed something more stable. Something better.

Last year, I started monitoring all of my spending. I would list down in a notebook all of the things I spent my money on. It did not matter if it was just Php5. It went on my list.

At the end of the month, I would list down everything in an excel file and then calculate how much I spent. End of the year, I was shocked to see that I have spent so much on miscellaneous things, things that I don't even remember anymore.

I WAS APPALLED.

This year, I started my most ambitious project on how I can save money. I decided that I will do 5 steps. 

1. NO BUY YEAR. This means that I will only buy what is essential especially when it comes to skincare and make up which I already had tons of. When you do a no buy year, you set rules and boundaries that you need to follow. Shopping your stash is also a must!


2. INVISIBLE 50 Challenge. Every time I received Php50, it goes straight to Miss Piggy, the coinbank.

3. Paluwagan. I joined a weekly saving scheme in our home. We will give a fixed amount weeky and by the 3rd week of December, we will be given back our money.

4. Always balance my checkbook. This is crucial because a balanced checkbook is a testament to being able to handle and track your finances.

5. Investment and Insurance. I finally got my first ever insurance/investment plan and I even got to convince my 18 year old sister to invest as well.

It took me 38 years to finally have a grasp on how to grow and handle my finances but I am glad that I finally did. I think this is one of those cases where it's better late than never.

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Hi! Let's all try to add more positivity in this world and adhere to the saying, "if you don't have anything nice to say, keep silent."

Showering you with unicorn poop so you'd always stay magical! Heart heart!