Saturday, September 5, 2015

Less Stress Pinoy Christmas


Last Tuesday, I woke up to the sounds of a Christmas medley. Disoriented from sleep, I thought I was dreaming. After some cautious stretching, elaborate yawning and exaggerated blinking...yep, it's still there. and getting louder, too. It was the barangay wake up call. Every day during the weekdays, at six in the morning, the barangay would play through the amplifier some music to wake everyone up. Yeah, I know. Some of our visitors would complain of the noise. But, what could I do? I am just a resident--a grateful one, at that since I needed an alarm to wake me up; otherwise I could spend the whole morning in bed. Anyway, back to the Christmas medley: after gathering all my wits, my groggy mind put everything in perspective, and realized it was the start of the "-ber" months. And in the Philippines, this would be the start of the Christmas season. Some parts of the Philippines actually begin in August. But where I come from, we have a really big festival to celebrate during this month, so September would be the start of Christmas.
I meet this occasion with mixed feelings. Joyful anticipation of the what is to come. Because, I don't know what it is about Christmas, but something great always happens. However, Christmas is undeniably one of the most expensive, if not the most expensive occasion of the year. Especially if you are a Ninang/Ninong of so many inaanak. And they remember. So you better be prepared.
I used to wait for the Christmas sale in stores. But they are usually scheduled near Christmas, so I would be among the throng to flock the stores during the peak season. And it was not good. Too much hustling. And, boy, was it a hassle. Very draining.
Over the years, though, I learned to develop a strategy for a less-stress Christmas.
1. Make a list of the things you need to do and to have for Christmas. Those Christmas songs I hear everyday since the beginning of September remind me to make my list. It would eliminate some risks of trying to grab some important things on the last minute, or of not having something I needed because I had forgotten it. I would have a list of things needed in the house for Christmas; list of my inaanak, friends and relatives to give gifts to; and, possibly a list of recipes and ingredients for noche buena.
2. Once I have the list, I could then proceed to the Christmas budget. This is a very important matter, which is often overlooked. No wonder, after Christmas, I used to feel drained--physically after all those parties I 'needed' to attend; and financially, after overspending for the holidays. But having a list would enable me to plan the Christmas celebration.
3. The house would need Christmas decorations. I would have an inventory of the decorations available from the previous Christmas. See what could still be reused, and recycled. Sometimes I might no longer need to buy more decorations. All I would need is creativity to make the house look festive.
4. As early as this month, I can also plan your noche buena. And then buy some of those that could be put aside for a long time.
5.The list of people to give gifts to would also enable me to take time to shop. If I had a longer time to plan for gifts, I could scour the shops for valuable, memorable but affordable gifts. Something I would not be able to do if I left gift shopping at the last minute.
6. Speaking of affordability, a list could also enable I to budget my expenses so that I won't have to worry about my financial situation after the Holidays. If I could just stick to my budget, then I would be okay.
No more dreading the Holidays. Just pure anticipation of the great things to come.


Wednesday, July 8, 2015

A Financial Experiment for a Profitable School Year

The school year has started. Though different schools have different school opening--most have started in June; others, in July; still others, this August yet.
Different challenges face the schools this year. (Not surprising: every year is a challenge.) And teachers, being the frontlines of every educational system, face the bulk of such challenge.
So, another challenge wouldn’t be any more daunting to teachers. But I would like to call this an experiment. An experiment on the self-discipline and economics.
Challenges of this nature usually trends during the new years. But since we are teachers, let us begin this experiment on the new school year.
There are three phases of the experiment. You choose which one you think best suits your level of finances and discipline.  But whichever one you choose, the end will be profitable.
The first one goes like this: every payday, keep any amount aside. Make sure that you set aside the same amount every time.
paydays

savings
cumulative amount
July
15
500
500

30
500
1000
August
15
500
1500

30
500
2000
September
15
500
2500

30
500
3000
October
15
500
3500

30
500
4000
November
15
500
4500

30
500
5000
December
15
500
5500

30
500
6000
January, 2016
15
500
6500

30
500
7000
February
15
500
7500

30
500
8000
March
15
500
8500

30
500
9000
April
15
500
9500

30
500
10000

The second goes: set aside a specific amount on the first payday. Then every payday, increase the amount of cash you set aside by first amount.
Something like this:
paydays

savings
cumulative amount
July
15
100
100

30
200
300
August
15
300
600

30
400
1000
September
15
500
1500

30
600
2100
October
15
700
2800

30
800
3600
November
15
900
4500

30
1000
5500
December
15
1100
6600

30
1200
7800
January, 2016
15
1300
9100

30
1400
10500
February
15
1500
12000

30
1600
13600
March
15
1700
15300

30
1800
17100
April
15
1900
19000

30
2000
21000

Or this phase can be done the other way around: we start with the big amount first and then decrease the amount as time goes by. Something like this:

paydays

savings
commulative amount
July
15
2000
2000

30
1900
3900
August
15
1800
5700

30
1700
7400
September
15
1600
9000

30
1500
10500
October
15
1400
11900

30
1300
13200
November
15
1200
14400

30
1100
15500
December
15
1000
16500

30
900
17400
January, 2016
15
800
18200

30
700
18900
February
15
600
19500

30
500
20000
March
15
400
20400

30
300
20700
April
15
200
20900

30
100
21000

The third one is a little more challenging: double the previous amount you set aside every payday. More like this:
paydays

savings
cumulative amount
July
15
50
50

30
100
150
August
15
200
350

30
400
750
September
15
800
1550

30
1600
3150
October
15
3200
6350

30
6400
12750
November
15
12800
25550

30
25600
51150
December
15
51200
102350

30
102400
204750
January,
15
204800
409550
 2016
30
409600
819150
February
15
819200
1638350

30
1638400
3276750
March
15
3276800
6553550

30
6553600
13107150
April
15
13107200
26214350

30
26214400
52428750

So, you see, from the charts, the more challenging the experiment is, the more the profit is, too. No pressure, though. You just choose the phase of the experiment you want to try, and stick with it until summer next year.

Good luck. And have fun saving.