All people nowadays were talking about how to save money for the future. Well, I have some ideas or simple technique.
What is Php 10.00 pesos to you? What can you buy from it? Ok, lets go on this way. Php 10.00 you may ride a share in a Jeepney. Therefore, you will reach your destination, right? Another is you can buy a 1 bottle soda, or 1 stick of cigarette or candy or a little merienda like "turon". Sometimes it is Php 15.00 already. What if you save it since it has a low value? Can we do it? This is simple technique, only "addition & multiplication" is what you need. Ten Pesos is almost nothing nowadays, right? If you drop & lost 10 pesos, you will not cry in vain. True right? So I will call it "Tapon" since we can easily deduct Ten Pesos from our pocket.
So, we will do our simple computation that may inspire us:
Php 10.00 a day x 365 days (1 year) = Php 3,650.00 (Not bad!! 10 pesos is nothing)
Let us say, our age is only 21.. young and energetic!! In 5 years, we have what?
Php 3,650 x 5 years (age is 21, therefore we have how many?)
= Php 18,250.00
Wow!! that is without the power of compound interest!!
What if you do it in 10 years? So you have how much?? This is if you are still alive, because people die!! (Let us tackle that matter in my next topic).
Php 3,650 x 10 years (age is 21, therefore we have how many in 31 yrs of age) ?
= Php 36,500.00!!
Again, this is without the power of compound interest! Amazing right?
Now, easier said than done, right. This is because we need discipline and goals. We need to learn more and dream. If you imagine how I started, it all began in "Tapon". Something that has a little value. So, meaning you can still think of some other ways of investments and savings scheme. There are saying that "Do not put all your eggs in one basket". Do not dwell too much or think of this things. Like planting, it will grow. You may add this simple ideas. No pressure!
Now here is another inspiring thoughts or ideas. Let say in 1 year you reach and do the happy thing savings, you have:
Php 3,650.00
But you enjoy and you are inspired for more because you want something in the future, like a new house, or a car, or a a new business, you added Php 1,000.00. (We will use 1,000 pesos example)
So in the first year Php 3,650+1,000 we have Php 4,650.00. Wow! inspiring!
Now we draft it:
1st year 3650+1000 = 4650
2nd year 3650+ 4650 + 1000 = 9300
3rd year 3650+9300 + 1000 = 13,950
4th year 3650+ 13,950 +1000 = 18,600
5th Year 3650+ 18,600 + 1000 = 23,250.00
Wow!! We have 23,250 in our 5 years of savings the low value that we called "Tapon"!!! Isn't it amazing??
Inspiring? Now, this money is just a savings without the power of compound interest. If you put it in a bank since this is just "tapon", no need to worry about inflation rate. What I am emphasizing here is just a practice, discipline, dream and have a goal. Nothing more serious, but has purpose and someday you will benefit from it.
Now lets say a small business was offered to you, maybe you may use your Tapon Savings to do it. Or you want to use in stocks, another great idea. remember, this is just another egg that you did not put in one basket.
Happy? Let us all be!
Have a great day ahead!
