I eventually learned that not everything I buy needs to be justified. My Kuya taught me a different way to manage my finances. After savings, here's what he recommended -
10% investment build passive income
10% upgrading yourself
10% keep for emergency
55% everyday expenses
Start at 5% Tithing
Prior to his advise I viewed everything as an expense. I switched to save mode when my doctor told me that I already needed heart surgery. I was not sure at that time if insurance was going to cover everything so for more than a year I started to save like crazy. I saved in case insurance did not cover my surgery. Luckily it was, but after that I focused my finances to pay for our mortgage. I always had the thought that I shouldn't leave my family in debt in case something went wrong.
|Sometimes we unnecessarily put dark clouds in our lives.|
This meant I wasn't living the life I should be living. My Kuya's advise helped me a lot because it gave me a better perspective on how I should manage my finances. It also allowed leeway for me to grow, allot for the future, save for emergencies and most importantly, celebrate wins! This perspective also helped me work on my well-being and heal.
So I thought for Wednesday, I'd blog about a wish I have for myself. It will probably swing from mundane wishes to deep save the world wishes. I'll probably stick to mundane wishes for now since everything else feels heavy already.
There's one thing I've wanted for many, many years now -- a KitchenAid mixer! I have this insane purchasing decision making process when it comes to appliances and gadgets. It takes me anywhere between 2 to 5 years before I actually make a purchase. It's usually not because of the cost, but I go through this crazy justification process before I buy anything expensive.
|Took this photo in 2016. Still using it today!|
I haven't been able to buy the KitchenAid mixer because my $20 mixer which I bought back in 2012 still works. Hahaha. Yes, I'm kuripot that way. Blame my Kuya because he told me when I was young that I should only buy things when I really need it.
I found a really good deal today because it's GSS. I had already told myself early this month that I would get a KitchenAid mixer for myself on my birthday (next month). I was able to justify the purchase (finally after >5 years!) because I've been baking every week. Before I clicked add to cart I pinged two friends to ask if it was a good deal. They said yes! Sweetie said if I still hesitated he would've bought it for me. I think I drive him crazy with my purchase decision making process.
I'm crazy that way, but with my Kuya's advise I'm getting better at taking care of myself. In these uncertain times we must believe that there is a beautiful future waiting for us. We need to learn what these hard times are trying to teach us. Let's keep wishing (and praying). We'll get through this together.
CB//114 #StuckAtHomeDay/144 #WFH83 #StayHome #BeKind