My Own Tip on How to Save Money
I’m not rich, but I want to be one (c’mon who doesn’t?). I don’t have an 8 hour office work, but rather I work from home. I’m glad I decided to become a work-at-home mom because not only do I have the luxury of time to spend with my daughter, but I also don’t have to think about the hustle and bustle of the everyday traffic just to make sure I won’t be late for work.
Anyways, being a mom, I’ve been saving for a lot of things, but my main priorities are my daughter’s future tuitions, and of course, having a house of my own that is near my parent’s place. I know there are a lot of options wherein I can get one easily through housing loans, but I’d rather save up first before I venture into this matter.
Some of my friends tell me to go for it, but maybe because I have this weird saving technique that renders me unable to go for the housing loan just yet.
So this is my own weird saving technique, which I personally think is effective:
I save double or triple the amount of whatever the cost of my goal is.
Example: I want a Sony Cybershot TX10 digital camera which costs roughly around Php15,000. So instead of just saving Php 15,000, I would save around Php 30,000 (double), or Php 45,000 (triple).
OA? Well I would agree that I am, and you’d probably ask why. My reason’s simple: I don’t want to go broke right after I buy something! I hate feeling guilty that I did get the item but afterwards, I don’t have anything left to spend, or worse, sell the item I just bought for a much lower price just to have money to spend. Personally, I hate selling my stuff especially if I worked hard for it.
So if a house cost at least a million, I guess I have to save 2 or 3 million! Woohoo! Good luck! 
How about you? Mind if you share some of your saving techniques?
Welcome to my humble online abode. I’m very positive that this is going to be my permanent online resident! Anyways, I’m Maricel, an on and off blogger for more than 7 years who used different blogging platforms such as Blogger, Friendster, Tabulas, and Multiply, but I’ve come to love WordPress and I’ve become loyal to this blogging platform ever since. 
I don’t think it’s a weird technique. It’s effective and it instills discipline. I also use this too. For smaller items like a cellphone or camera, I buy them if the price is at most 10% of what I have already saved. And to add more savings, I buy stuff on sale or when it’s buy 1 take 1, and I do not buy stuff for the sake of upgrading.
rdnofera recently posted..From OH NO! to OTTO Waterless Urinals
Ako naman, I don’t have any savings at this time, malakas ako sa pagbabayad ng rents and utilities don nauubos ang money ko, but when I get a more cheaper place which i am targetting this year, yan makakapag save na ulit ako.
Riza Written recently posted..Not enough excuse?
[...] here: My Own Tips on How to Save Money by The Life Encounters Posted in Saving & Debt Tags: daughter, future-tuitions, know-there, main, main-priorities, [...]
[...] Follow this link: My Own Tips on How to Save Money by The Life Encounters [...]
[...] now and honestly, I can actually buy one for myself now, but I’d rather save more due to my weird saving technique. LOL. Just click on that and you’d know what I [...]
[...] this link: My Own Tips on How to Save Money by The Life Encounters Similar [...]
ang galing naman nyang concept na yan. ganyan din ang gagawin ko.
Straw Hat Luffy recently posted..Today’s Google Doodle: Gregor Mendel’s 189th Birthday
Wow! I’d like to try that, but it’s not possible right now. I love your blog design. Did you do it yourself?
Mys recently posted..Victoria Real Estate: An Option to Consider
The great thing about your saving technique is that you can buy two or three houses at once!!
Alice recently posted..Credit Card Debt Erased
Well… yeah that’s right!