The Thrill of Buying Things Using Money You Haven’t Received Yet

Some family members are still having a hard time managing their finances. As much as I would like to help them, only they can help themselves. If they will continue sabotaging their budgets and keep a maluho lifestyle, nothing in their financial life will change for the better. One of their money practices is buying things using money they haven’t received yet. Is there really a thrill from such kind of acquisition? Apparently, there is!

The idea that you can have the thing you’ve been wanting to have in advance by borrowing money from someone. The thought that you can buy the merchandise you’ve been planning to get earlier than schedule because somebody is willing to lend you money. The realization that you can get the things you want because you have some money coming soon and there are people that can lend you money right now. There’s a thrill there at some point, right?

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A Money Saving Failure

On the first week of January 2014, the hubby and I have decided to take on a money saving challenge. You may be familiar with it or may have been doing it also. It’s popularly known as the 52-Week Saving Challenge. I am sad to report that we FAILED the challenge.

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We only made it until the 18th week (April 30 to May 6, 2014). After that time, we gave up. We accepted our failure and just charged everything to experience. I can’t believe I’m blogging about this just now! I’ve gotten so busy in the past months, you know. (Naghanap pa talaga ako ng excuse!) Haha.

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First Real Investment

Last month, the hubby and I took the bold step of investing through retail treasury bonds (RTBs). Don’t ask the amount. It’s just a small one that’s why we didn’t hesitate to use it for that purpose. We think it’s better than keeping it in a savings account where it earns very low interest. We still have some funds left in case of emergency so I guess we made a good decision with this one.

RTBs are a good investment. It’s the government that borrows the money so the risks are almost non-existent. I think it’s better than time deposits as it offers higher interest at a fixed rate. The investment time is longer, though, so you really have to make sure not to touch the money within the set period, say 10 years or more. Otherwise, there will be some risks.

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On Living Within Your Means

I came from a lower middle class family. Unlike other families where both parents are working, it was just my dad who had a job. My mom took care of our home, of us. It was in my early years that I fully grasped the meaning of living within your means, through the examples and practices of my parents.

Then, my mom had a budget to follow and I believed she was able to manage her spending most of the time. Maybe it’s because she knew she couldn’t overspend because it would make her children hungry and her husband disappointed. During those times when she did overspend, she was smart enough to cover for it by borrowing money from friends. A not so smart practice, but at least, she was able to feed us and we didn’t go hungry for our dad to notice.

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Finances, Finances

I dunno why but I always get broke a few weeks before the bonus-giving time at work. Is it because subconsciously I could smell the money coming my way and I know a little overspending before its arrival won’t hurt? I know it’s not a good practice, financially speaking, but I just can’t help it.

This is especially true when I’m in front of the PC looking at things that could easily land on my lap with just a few mouse clicks. From bags and clothes, I’m now into fine jewelry and I’m seriously thinking about those men’s wedding rings at jewelryvortex.com at this very moment. No, I don’t plan to replace the hubby’s wedding ring with a new one. He’s a very simple guy and I just thought the simplicity and character of one of the wedding rings I saw from the site was very him. I can’t buy it because it costs an arm and a leg, anyway. Haha.

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