Opinion Money matters
Opinion Money matters
Money matters
Tags:
March 31, 2018
Tags:
March 31, 2018

These days, in our world of instant gratification, we spend on the things that we don’t actually need. It is okay to appeal to our desires every once in a while, as long as we’re in control because the moment that we lose that self-control, we’ll be in great trouble.

I remember reading an article about a 26-year-old who sank $10,000 in debt as she tried to become Instagram-famous. According to the article, “every month, she would treat herself to a $200 shopping spree, purchase a designer item worth $1,000, and travel to a new location for a vacation—all for the ‘gram.”

While it isn’t necessarily bad to brag on your social media, since it is yours after all, but going as far as to spend more than what you can afford all for the sake of bragging is on an entirely different level. We don’t have to pretend just to gain likes and followers.

What’s more important than ever is to be able to stay focused on saving money any way we can. We need to understand that the world we see on social media is just an extension of our life, not the other way around.

As a frugal person, I often wonder how much better off I would be financially, emotionally, and physically without spending too much. I know saving is extremely challenging, but if we did, we won’t be struggling with clutter, impulse buying, and buyer’s remorse. Being sometimes frugal takes a little bit of discipline. It can mean taking a look at all of our spending habits—big and small—and removing some non-essentials to be able to save. In fact, it’s the best way to save money. I recently had a talk with my Dad on how I wanted to not spend my allowance on so much food and clothes because I want to reach what my older sister have in her bank account.

Aside from have self-discipline, another trick is budgeting and setting the extra money aside for future goals and for yourself right away, before spending the rest on unnecessary items. Treat the savings goal like an important bill just like your credit card or utilities that must be paid each month, the difference is: it’s a bill you pay to yourself. To get the most out of our budget, plan it around your priorities. As long as you’re contributing enough money to reach your future goals, then splurging on a fancy dinner, a holiday trip, a much-needed vacation, or a new outfit isn’t going to make or break you.

The truth is, there are many ways to save money. And when it comes to budgeting, there isn’t a one-size-fits-all solution. You’re your own person. Your allowance, needs, and life goals aren’t going to match the person near you.  Find the options that work for you, and slowly start incorporating the strategies into your life. Money is a tool that can help you build a better life, so spend and save it wisely!

 

Celine Rose Dalag