Interesting I must say. It's very seldom that a blogger would share his or her financial status. I'm going to make this GT of mine very specific.
To make things different, let me start by sharing that I don't do the budgeting. That's right ladies, I let my man do it. We learned it from my parents. We talked about it, and so far everything is working perfectly fine. Since my husband is the one working, he is more suited to gauge whatever is best when it comes to money. Including checks. As for me, I make a list of the things we need for the house and for our home such as groceries, maintenance, utilities and the things "i want" like decorations, plants, new curtains or throw pillows, scented candles, all those girly things.
Sometimes, I don't even have to make a list, my husband would take the first step and tell me: "come with me, let's buy this and that, I think the living room will look better". And it's far different and fun.
Well that's how we work things out as a couple, least we need inside the house is an argument about money. Talking things through with your other half is very important. Compromise. It was easy for us, because we're very similar with almost everything. And now I am free from the stress when it comes to budgeting and accounting.
Personally:
Since I am a HOUSEWIFE, literally, I stay at home 24/7. I greatly rely on the allowance my husband gives me. Half of it I save and deposit in the bank, half I go shopping. I shop for whatever " my son 's needs including mine".
I don't count on blog money 100%. It's just additional income that I use for charity , online shopping and the rest still goes to savings.In terms of keeping my money safe, you will only find 2 wallets inside my bag. My ever reliable Kate Spade in Black that carries my bills, my ids and debit card.
The other one is just a coin purse. (from Hershey's and Red Ribbon). Sometimes I only bring my coin purse and my cardholder.
If you noticed I didn't include owning a credit card. Yes people, I don't use a credit card. I make it a point to always pay in cash or use my debit card. Well, I got traumatized some years back when I still own one.
Upon application, the bank people told me that they will not include any membership fee or any other fees on my monthly. After a month of using it, they billed me with a membership fee of almost php4,000 a month. Some common incidents are promos and offers. Sometimes, even without your consent they will enroll your card at some promotion or insurance policy. Like what they did to my mom, an agent made an offer through a phone call that made my mom say yes. They talk fast, will mention several confusing terms etc. That's their strategy, so be very careful.
On the other hand, with some reliable credit card companies, if you always pay on time, they will reward you with stuff, I remember my family getting a boom box and 2 bean bags.
That's just my point of view when it comes to credit cards, we all have our own preferences. But I gotta tell you, once you make it a point to always pay in cash, you will avoid further debts and it will grant you the deeper meaning of SAVING.
Pure discipline, and it entitles you to a rewarding feeling after purchasing your dream bag or your favorite shirt knowing that they're all already paid for.
Important:
- Never Spend Beyond Your Means
- Keep it Real and Simple
- Prioritize
- Save, Save, Save, Save, Save!
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