How do you make your budgeting?

Question

Its Payday Friday again for us which means araw na naman ng pag-budget. Lets admit it, isa ito sa pinaka-challenging na task para sa mga Nanay. Maswerte na tayo kapag sakto sa kelangan natin yung sinweldo natin or ni husband for a certain cut off, ee kaso madalas, kulang pa, kaya pano pa tayo makakapag-save, di ba? Theres a certain formula na inaadvise ng mga financial advisors which is yung Income - Savings = Expenses. Its difficult kasi nga like what I have mentioned earlier, minsan, kulang pa yung combined household income natin sa mga pangangailangan natin, but if you really want it, youll have to find ways to make it work. It can be an automatic payroll deduction na mapupunta sa Time Deposit, you can sign up for a Stock Purchase program, you can even get an insurance that includes savings. It doesnt matter however you do it as long as you make it work, kasi when time comes na matanda na tayo, tayo rin naman ang kawawa or if not, yung mga anak natin kung lagi nating inuubos sa expenses yung income natin ngayon. I learned this the hard way.How about you? How do you make your budgeting?

Dindy · Accepted Answer

Dalawa ang fulltime work ng hubby ko. Ung pay nya sa isa, savings lahat. Ung isa, na mas maliit na pay, for our monthly expenses (Bills, insurance, st.peter plan, tulong sa parents), tapos ang tira we splurge on food & grocery.