Finances
After three months of working, I've realized that I've been spending beyond my means. My salary from last month is almost gone and I still have debts to pay. Aside from my credit card bill, I also owe my mother and sister some money. What's alarming is the fact that I'm single, therefore, I don't have mouths to feed. And I live in my parent's house so I don't pay rent or other utility bills. So, anyway, when I received my salary this morning, I tried to practice financial discipline by drafting a budget for the next thirty days. Voila! An hour later, I'm still trying to make ends meet. I didn't realize that drafting a budget would be as difficult as sticking to it. After subtracting my debts and allotting one third of my salary for rainy days reserve, I've hardly enough for everyday fare and food. But how about clothing, shoes, movies etc.?? No, no, no. Apparently, those are defined as wants. The thing is, for me to devise a good budget I must distinguish my needs from wants and do away with the latter. Of course, I've argued that clothing and shoes are basic necessities unless you want to be an outcast for being nude. But ok, let's assume that I'm not in constant need of clothes and shoes or that I'll only buy these when they're broken beyond repair. There are still other things. Unfortunately, the definition of needs is relative. People's needs today are not similar to people's needs centuries ago. Take for example, a mobile phone. It's become, unquestionably, a necessity. So, you get a phone which will last for years but how about your everyday credits? My conclusion, I must get a raise! But that's not really going to happen. Sigh. I'll just have to rob a bank. HAHAHAHA