• Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home Columns

Back to Basics of Budgeting (part 2)

Michelle F. Lengwa-Astudillo and Jimmy A. Astudillo, Jr. by Michelle F. Lengwa-Astudillo and Jimmy A. Astudillo, Jr.
August 16, 2015
in Columns
Reading Time: 3 mins read
0 0
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Let’s look at some methods budgeting can help you attain your goals. A good budget will help you do the following:

Plan short, medium and long-term target.
A budget will help you plan for short-term expenses, like your monthly bills, and medium-term expenses, like vacations, as well as long-term expenses, like buying a car or a house, paying for a child’s college education and putting money away for retirement. Get a notebook to write on how much money you expect to make over the next few months, how much of that money goes out every month and how much you left to save each month. By doing this, you will always know when you need to cut back on spending, when you can afford to loosen the reins and how long it will take to save up for major goals.
Set emergency fund.
Say, a significant expense arises unexpectedly. How would you address it? How can a budget help you handle the said significant expense?

If you are new to budgeting and do not have any emergency savings yet, or if your savings have already been depleted by another recent emergency, your budget will help you determine what expenses you might be able to postpone or shift around to help you pay the unexpected bill. Maybe you cut your next month’s grocery bill from 1,500 to 1,000. Or else, go out to eat once in a month instead of once every week.

RelatedPosts

Direct Contempt

Marijuana Legalization on Hiatus

NUTRIENTS AND BLOOD HEALTH

Get the Most Out of Your Money.
Chances are you spend at least 40 hours working each week, and that doesn’t include the time you spend getting ready, the time you’re forced to be away from home because of commuting and lunch time, or the hours of free time that get lost because you’re too tired from working all day to enjoy them. If you’re going to dedicate that much of your life to earning a living, you owe it to yourself to make sure your money is going to the things that are most important to you. A budget helps you track all your expenses – large and small.
Plan for Major Changes. 
As mentioned earlier, a budget lets you model in advance how a major purchase or life change will affect your finances. Instead of wondering if you can afford a house or panicking about whether you and your spouse can afford to live on one income while the other stays home to raise a child, you’ll have the data you need to crunch the numbers. You’ll find out before you make any change whether you can afford it and what sacrifices you might need to make.

Having Money in the Bank, Cooperatives, or any investment houses.
By helping you sock away money each month, budgeting is an important tool for achieving financial freedom. The ultimate freedom, of course, is being able to retire, but along that winding road are opportunities for many rest stops if you have money in the bank, cooperatives, and or any investment houses.

Budgeting is not just for poor people or for times when money is tight or your life is undergoing a major transition. Budgeting is for everyone because it makes it easier to achieve financial goals of all shapes and sizes, whether that goal is to stay out of debt next month or to pay cash for a new car. It also allows you to make long- and short-term projections about your financial situation, prevent crises, get the most out of your money, plan for major life changes and enjoy peace of mind.

***

ADVERTISEMENT

We are conducting Retirement Planning and Wealth Accumulation and Preservation seminar for free. If interested, contact us with our mobile number stated below so we can arrange a schedule for your group. It is our pleasure to give you a free seminar and we’ll even provide snacks.

(The writers are both Wealth Analysts of a reputable Financial Company and are both active Licensed Real Estate Practitioners. They also engage in Stock Market Investing. For suggestions and more details, you may contact them with CP # 0919-376-2922 or Tel.No. (074) 244-4026.)

ShareTweetSend
ADVERTISEMENT
Previous Post

Omegan, Bahod mined gold in China

Next Post

“How Do I Know What I Should Do?”

Michelle F. Lengwa-Astudillo and Jimmy A. Astudillo, Jr.

Michelle F. Lengwa-Astudillo and Jimmy A. Astudillo, Jr.

Related Posts

The Flag

Direct Contempt

by Atty. Erik Donn Ignacio
January 29, 2023
0

A remedy against disrespect or defiance of authority is the power to hold people in contempt and impose penalties accordingly....

CAR Experts Triangulate Highlands Growth Snags

Marijuana Legalization on Hiatus

by Bony A. Bengwayan
January 28, 2023
0

BAGUIO CITY – Whether state-level marijuana liberalization policy becomes a reality is an open debate given how a number of...

Fiber and Your Health

NUTRIENTS AND BLOOD HEALTH

by Imelda Degay
January 27, 2023
0

For one, who experiences fatigue, rapid heart rate, shortness of breath, pale skin, cold extremities and difficulty concentrating, anemia is...

Next Post

“How Do I Know What I Should Do?”

9th YMCA Cup Semi-final birth, team match ups start August 17,2015

Clash of Warriors’ Undercards as exciting as Main Draws

ADVERTISEMENT

Recent News

Restaurants told to provide free access to potable water

Compliance of drinking water refillers ordered

January 29, 2023
2,220 scholars get 1st semester allowance

iKalinga info officers, workers strengthen partnership

January 29, 2023
CHSO told to distribute immune boosters

Bontoc LGU provides vitamins to employees

January 29, 2023
DA-CAR readies Php4.4M-worth Rehab Plan for flash flood-affected Banaue farmers

DA-CAR to implement NUPAP interventions; a new banner program

January 29, 2023
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result
  • Headlines
  • City/Region News
  • Sectoral news
  • Opinion
  • Sports
  • Other sections
  • Ads & Notices
  • About Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist