Straight From The Expert: How to ‘heal your inner child’ without breaking the bank | Highlights - video Dailymotion

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Learn how to manage your spending habits and avoid breaking the bank or falling into debt as a young adult. Sparkle artist and beauty queen Billie Hakenson teams up with expert Fitz Villafuerte to discuss the basics of saving, why it’s important, and how you can start growing your wealth consistently and sustainably. #StraightFromTheExpert #SFTE  ATM is your lifestyle channel bringing you the inspo to live your best lives at the moment with the trendiest food, travel, events, personal style, beauty favorites, and everything in between! #AdventureTasteMoments #GMANetwork #ATM

Transcript

00:00First, since we already talked about investments,

00:08very important that you learn how to budget.

00:11Kasi saan ka kukuha ng pera pang save at pang invest mo?

00:15Kung ubus na yung pera mo sa everyday na gasas mo pa lang.

00:19So very important to start with learning how to manage your money.

00:24Believe it or not,

00:25ang first step dyan is to track your expenses.

00:28Huwag mo na isipin yung budget-budget.

00:31Just take note of saan ba pupunta yung pera mo?

00:34Saan mo siya ginagastos?

00:36Kasi once na malaman mo kung ano yung mga common expenses mo,

00:41it's easier to first allocate a budget

00:44para sa, for example, sa food, sa transport, etc.

00:48And even give yourself a budget para sa mga wants,

00:52para dun sa healing ng inner child mo.

00:54Kasi hindi naman masama yun.

00:57I understand that sometimes you need to buy things that you feel you deserve,

01:02things that make you happy.

01:03Ang sa akin lang is make sure that you're not overspending.

01:07So, how do you know if you're overspending?

01:10Or how do you know exactly how much your budget is for your shopping?

01:14Then, you first track your expenses so that you know exactly na ito yung limit ko sa paggastos.

01:21Ano yung key on how to manage our bonuses wisely while properly rewarding yourself,

01:28but still leaving some for investment?

01:32Sa akin, ang priority mo dapat dyan is yung magbayad ng utang.

01:37Diba?

01:38Kasi, yes, deserve mo makabili ng mga bagong gamit,

01:42pero deserve mo rin na hindi ma-stress sa mga tawag ng mga collecting agencies.

01:47Diba?

01:48Kasi, bibili ka ng napakagandang mga skincare.

01:51Useless yan kung stress ka.

01:52Kasi, magkakaringkas ka rin sa kakaisip sa mga utang mo.

01:55Diba?

01:56So, prioritize paying your debt.

01:59Once na mga bayaran mo na yung mga utang mo,

02:02or okay na yung mga loans mo,

02:04I think you can choose kung saan mo gagamitin yung mga bonuses.

02:08You can probably buy something that you've always wanted,

02:11something that you've been longing to buy for yourself.

02:15Kasi, yeah, deserve mo to.

02:17Pero, unahin yung utang.

02:18Yun lang yung simple kong request eh.

02:21Sayang yung extra money that you'll get.

02:24So, at least, pay off your debt, your loans.

02:27I see now everything is pretty clear,

02:30but where do you suggest we invest our bonuses?

02:33If we want to invest that bonus,

02:36where would you suggest that they do it?

02:38Very interesting yan,

02:39because iba-iba kasi yung mga tao.

02:42Ang lagi kong tanong is,

02:44ano ba yung bagay na gusto mong bilhin,

02:47and kailan yun?

02:49Because your investment choice will depend on your financial goal.

02:54Ngayon, kung hara, sinabi nila na,

02:56wala naman ako masyadong goal,

02:58which is the common answer.

02:59Then I tell them,

03:00then the best goal is to put that money in a low risk investment,

03:07kasi it now becomes part of your emergency fund.

03:11Kung wala kang balak bilhin,

03:13just put it in your emergency fund.

03:15So, saan siya pwede ilagay?

03:17Pwede sa time deposit,

03:18or money market fund,

03:19any low risk investment.

03:21But if you really have a specific goal in mind,

Straight From The Expert: How to ‘heal your inner child’ without breaking the bank | Highlights

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