Saving for the rainy day is
an idiomatic expression which means setting aside money or any other
asset which may be needed at a future time.
Most average working-class
Filipino do not save for the rainy day. I have been working in
different companies and have dealt with employees who come to the HR office
asking for help in solving their monetary problems. Most of these employees
have double incomes ..... husband and wife both earning or a single
person with a second job. Why can these employees not set aside a small
amount every payday for their family savings. They buy the latest
gadgets, fancy clothes, go to vacations ...... but, when a family member gets
sick, or come the time for paying school tuition fees, they go running to other
people or use the credit card to solve their financial problems.
These people spend money like
there is no tomorrow! But, believe it or not, tomorrow will soon be
here with us hoping that it will come with blessings and not with
problems.
I will always remember my late
mother's wise words "it is not the size of paycheck that will
keep you afloat, but the money you save from whatever size of income you
have". Saving money and being frugal does not mean being
shabby and with nothing on your dinner table. To budget wisely needs
commitment.... to set aside some savings and develop the
"talent" to distinguish "wants" and "needs".
Living within our budget not only needs discipline, but also keeps
us stress-free. Keeping up with the Joneses is one of the worst attitude
that will burn a hole in our pocket.
Live within a budget
...........
- give 10% of your income
to your church or to charity . this is giving back a part of your money
to where all these came from.
- set aside money for your needs
(house, food, clothing, education)
- save for your rainy day
This might seem hard at first,
but, in time you will get used to this and everything will come along smoothly.
Start this practice today and I hope you will not be like this lady
..........
