To save money or not?

            A lot of people nowadays don’t necessarily save their money. They tend to buy stuffs which are not important at all. They pretty much enjoy wasting their money even their allowance on the things which they really don’t need. They also forget the essence of saving money for their brighter future. But they’re also some people who manage to put aside some of their extra money on a bank accounts or just in a simple way “piggy bank”.

          The main reason why saving money these day’s important is that we don’t know at all what lies behind on our lives while we are engaging ourselves in a world full of incidents or even accidents. You do not know what is going to happen to you tomorrow or even now and on the future. An accident can leave you crippled or even disabled for life or the worst “death” and this may result on losing your job or things you possess. So in this situation, saving money gets extremely important. Well, its not just for future accidents why we need to save but also it is the most practical way of planning and  buying the things we like, the things we dreamed and supplying our needs every day.

          As a young adult, there are times where I felt that I must not waste my money because I’m dreaming of something to buy of next week, next month or even a year. But sometimes I can’t hold on buying things where it goes beyond my wants instead of needs especially if I don’t have any material where I could hide or place my money for its safety. And I realized that there is really an urge to save money these time especially that I’m the type of person where I’m not contented of not having a savings everyday which is kept.

          To save a little amount of money from my salary every week is my greatest target on every month. I want to see a little change that will happen on my effort on doing these things. Even though this will be hard for me especially that I'm helping my parents too on the daily needs. I must give a dry run to myself to see whether I could end in a positive way or a failure. I hope you too as a reader can do this in your own way. 

Happy New Year 2015!

Target Behaviors

          There are actually many things in myself that I would really like to change and two of it are spending money wisely and saving money. A lot of times, I tried to control my money disposal and saved some of it but it always end up nothing because of some certain things which there is a need waste it especially on those important things. So for now, my target behaviour is to:

1.    SPEND MONEY WISELY – to buy things which I think that there is really a need to.

2.    SAVE MONEY – Save money for important usage and only use my saved money when there is really an urge needed.

Plan of Action

First, saving money. I must learn how to spend every allowance that my mother is giving me. Bringing enough money for my fare and photocopies on handouts for every subject for my school is also included in my plans. And if I can’t stop myself going to malls or even in the places where there are on sale things, I must just put in mind that window shopping is better than buying those things which I know is not necessary at all.

I should always inculcate in my mind on assuming  that I don't have enough money and that I should save more and put my savings on a piggy bank for its security and make a deposit list where I could write on all my saved money for me to know how far it goes and successful it will be.

Monitoring of Progress

To help me monitor my progress whether I’ve made it or not, I will keep a mini notebook wherein I will write down all my deposit.

1.  SAVE MONEY- record my before and current savings every day.

Data Collection/ Interpretation and Analysis of Data.

Table 1

Days	Money Earned	Money Saved in my piggy bank
1	20	20
2	20	40
3	20	60
4	15	75
5	10	85
6	20	105
7	10	115
8	20	135
9	15	150
10	20	170
11	20	190
12	20	210
13	20	230
14	20	250
15	20	270
16	20	290
17	20	310
18	20	330
19	20	350
20	20	370
21	20	390
22	20	410
23	20	430
24	20	450

For a couple of four weeks with only 24 days on weekdays which is my initial plan, it ends up successfully and it really paved of all my sacrifices of not wanting more than what I have. Even though that there is such things which I can’t force myself to hold on but still of the minimum allowance every day P40, I’ve saved money P20 from it and this is really a good result that I could say that I can do whatever I what I want to achieve.

Reflection and Recommendation

         

          Saving money is not that easy. It requires perseverance, patient and sacrifices especially if you really want to give effort on what you are doing. Well, I could say that in a span of one month, I’ve never thought that I could manage on doing it. I thought it will end up not successful but my perception was wrong. 

Now, I could say that if there is a million of things which we think that could not be possibly done,  well, we should therefore think that there are billion of ways where it be possibly done if you really want it to end up the way you wanted to.

Target Behaviour 1

          Well, on this phase, during those dry run I thought of that this plan will not work. When its already in the middle of the month, I thought of surrendering but when I’m already near to the end of the month, I’ve said to myself that I could do this. So it ends up which I haven’t expected and this is a great job. Saving money is not that simple and I’ll promise to myself that if in the near future that I’m already working, I will never waste my money on the things which I know that will be not useful to my part.

Target Behaviour 2

          If I really manage to continue this plan, well the ending here will be a lots of money. How silly to end up on these things but honestly I know it will result on this way. But I know that I could possibly continue on this things but not that straight because if you’ll imagine you are like having a heavy diet every month because of saving a huge amount of money.