Comments on: Why should I be frugal?

By: Celine

Celine — Sat, 05 Dec 2009 11:39:06 +0000

I agree that Filipinos tend to be frugal, but there are cases when we are also spendthrifts. For example, a person may collect plastic bags from shops and reuse them as garbage bags, but come payday that same person will treat friends and family or indulge in something he can’t afford. Uso pa man din sa atin ang panglilibre when you get a cash windfall. Also, I know many people whose idea of an “emergency fund” is borrowing from friends and family. In the same way that it’s part of our culture to be frugal, it’s also part of our culture to rely on relatives as “credit lines”. In fact, in some cases, you’re actually expected to give.

And yes, I agree with your thoughts on investing. Learning how to invest your money wisely is the next step after you’ve save up for emergencies and repaid all debt.

By: Blog Profits

Blog Profits — Thu, 03 Dec 2009 04:58:20 +0000

Filipino’s are naturally frugal. LOL. And that’s the best idea kRISTine, invest it somewhere, but save a lot of money first, there are programs online and local where you can invest your money and make it make money by itself. Hmmm that was going to be part of my blog profits program, still fixing it before I publish. From start to finish from a beginner to wise spending and make money make you more money.

By: Kristine

Kristine — Wed, 14 Oct 2009 09:54:30 +0000

…because I experienced earning my own money ;D and I want to invest and save up for my future. It won’t be forever that I have my family’s finances supporting me, so it’s something like an investment.

One more thing is that I want to save up to buy something out of my own money – like an expensive gadget, or to pay for (at least half, maybe) of my dream masters degree in Europe.

Being frugal, most of the time, is for your own good and benefit anyway.

By: Caroline

Caroline — Fri, 12 Sep 2008 11:20:48 +0000

I recently moved to my own apartment, in the city where I’m closer to civilization. Needless to say, a chunk of my money goes to my rent, so not only do I want to be frugal, I need to be.

I’m frugal because I know that money, although can’t really buy happiness, it can buy things that make you happy. In my case, that’s travel (airplane tickets!), gadgets that make traveling more fun and memorable (laptop! camera!).

Retirement, I don’t worry so much about. When you love what you do, it’s hard to think of ever retiring. But it’s always nice to know that you’re covered whatever happens.

By: Tasha

Tasha — Thu, 17 Jul 2008 08:12:46 +0000

I learned to be frugal because it was just a matter of time that I would. Living my 20s was about “living life to the fullest” and now regretting some of that, not all.

Not all because I still value a lot about my life to ensure that their quality is not compromised – like food, health, accommodation – the essentials (or basics).

Like you, I’m frugal so that I can channel my family’s money towards buying our own home. Although I have to say that being for the sake of being frugal has introduced me to investing, which I NEVER imagined I would come to understand at all!