Tuesday, February 21, 2012

25 Days to Healthier Finances - Part 5

 
21) Prepare for the holidays.

Budget
- Gifts P2,000
- Food P1,000

Payment
- Monthly P250
- Daily P10

Past
- Gifts P500
- Food P500

Occasions
- Birthday P2,000
- Monthly P1,000
- Daily  P40

22) Discuss money with a friend or relative.

I talk money with my mother, brothers, aunt and cousin.

23) Do a financial review of your year.

Debt 0
Income 63
- Allowance 48
- Tutoring 15
Savings 18
Spending 45
Investment 120

24) Write down your ideal income and expenses.

Income P100,000
- Work P25,000

- Invest P25,000
- Rent P25,000

Expenses P60,000
- Food P20,000
- Clothing P2,000
- Internet P2,000
- Phone P2,000
- Water P2,000
- Electricity P4,000
- Housing P4,000
- Education P4,000
- Transport P10,000
- Travel P10,000


25) Make a financial plan for your future.

Wedding 200-400 once
House 1000-2000 once, 50-100 per year
Vehicle 800-1600 per 5 years, 100-200 per year
Travel  100-200 per year
School 50-100 per 5 years
Income 50-100 per year
Children 100-200 per year
Retirement 500-1000 per year

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