I was having a late dinner with my friends in church when the issue of money and spending came up the table. I have seen for the past year a lot of people going through a financial crisis. Most of them don’t know how it happened. It just did.

So how did it happen?

ONE PESO AT A TIME.

If your income (money in) is lower than your expense (money out) = financial trouble.

ex: You earn P25,000 a month. That’s your money in. Then you spend P28,000 monthly. That means you have P3000 liability every month.

P3000 x 12 months = P36,000.

If these goes on for 3 years

P36,000 x 3 years = P108,000 not counting the interest that you incur with the debts you made.

SOLUTION:
1. Downgrade your lifestyle. Cut cost in some of your expenses.
or
2. Earn More.

MONEY IN MUST ALWAYS BE
BIGGER THAN MONEY OUT.