12 Resolutions for 2012
We start the year with a new look for our website and a wish for all Filipinos to be prosperous. But we go beyond wishing, giving you practical tips to truly be financially well. Here are 12 good ones to get you started. Visit this site every month because we’ll expound on each tip with practical ways to make it a habit.
1. Understand the value of time – start saving NOW!
2. Practice the formula: Income – Savings = Expenses. It’s the pay yourself first formula – set aside 20% for savings, 10% for emergencies, and 10% for investments.
3. Eliminate wasteful purchases.
4. Monitor the consumption rate of the goods you use.