00:00It's a bit late at it's a day, but I can tell you that you still have to buy the
00:06pera.
00:08You have to buy the pera.
00:10You have to be late.
00:11You have to be happy right now at your heart.
00:15You have to buy your pera.
00:16That's right, mga kajandayan.
00:17Sometimes we don't have to pay attention to what's going on online.
00:22Like this, let's all watch this.
00:27You have to buy the pera.
00:56You have to buy the pera.
01:26What is the right spending habits of spending habits in this year?
01:29In this year, it's so important that we have proper spending habits because of three factors.
01:36I'd like to call them the APT or four, so that we can get faster than that.
01:41But before we go into that, we have to understand because habits are the small automatic responses that we have
01:48already developed over time.
01:50So, technically, before emotions and circumstances take over, the habits that we have help us with our spending.
01:59So, what are the habits? We already have that.
02:05The question is, do we know or do we know what are our good and bad spending habits?
02:11So, going back to the factors, APT. A is for accessibility.
02:16We have to realize that it's so accessible that we bought right now.
02:19Before, if you need to buy, you can leave your home, schedule, plan, travel.
02:24Now, even if you're late, it's so easy to check out.
02:28Then, P is for pressure.
02:30With the rise of social media, we can see the next big thing.
02:35Then, we can see the highlights of our friends.
02:37Sometimes, we feel left out.
02:39That's why our urge to spend is there.
02:43Okay.
02:43And then, lastly, the T is for the triggers.
02:46This one is personal to all of us.
02:48Okay.
02:49Kung baga, baka may kakilala kayo na mas willing to spend if it's for their loved ones.
02:54Okay.
02:54Or mas napapagastos, di ba?
02:56Pag-stress or pag-sobrang happy.
02:58Okay.
02:59That's why it's important.
03:01APT.
03:01Okay. So, with that being said, you're APT.
03:02Sa ngayon ba, ano yung karaniwang pagkakamali o yung mga patalos-dalos na desisyon, lalo ng mga kabataan ngayon, pagdating
03:11sa spending habit?
03:12So, pagdating sa spending habit, no, or pagdating sa budgeting, usually wala silang basis for the budgeting.
03:20Kung baga, may nakita sila online or nakita nila may ganito for their friends.
03:24Kasi wala silang understanding na ito yung current financial situation ko eh. May utang ako, ito lang yung pumapasok, ito
03:32yung mga spending ko talaga.
03:35O kaya, they set extreme goals.
03:38Kunwari, parang, kunwari New Year, ay magsisave na ako.
03:42So, from wala kang nasisave at all, tapos biglang gusto mo, ah, 50% ng income ko, isisave ko na.
03:49Parang diet, di ba?
03:50Parang bigla tayo nag-crush diet.
03:51Yung, yung pagka ganon, we feel na parang nade-deprive tayo, kaya bumabalik tayo to our old ways.
04:00Okay.
04:01Kung sa mga nais magsimula mag-ipon, ano ba yung mga first few steps that they have to undertake
04:05para simulan nitong kanilang pagagawa ng budget plan?
04:09Okay.
04:10So, actually, sa mga nakakausap ko, isa sa mga reasons kung bakit ayaw nilang mag-budget is,
04:15number one, iniisip nila, it's gonna be restricting for me.
04:20Di ba?
04:21O kaya ayaw ko mag-budget kasi ang dami ko pang ililista.
04:25Okay.
04:25So, what I advise, kunwari gusto talagang mag-start pero ayaw pa ng ganong complexity,
04:31I give the formula of income minus savings is equals to expenses.
04:36So, ulitin ko lang, income minus savings equals expenses.
04:40Kung baga, pag-receive mo ng income mo, magtatabi ka na a portion of it for your savings.
04:45Okay.
04:45And then whatever is left, yun yung pagkakasyahin mo for your expenses.
04:49Okay.
04:49So, you can start with that and then saka lang tayo mag-level up.
04:53Okay.
04:54Well, from your perspective, as a financial advisor, how do you break a habit?
04:58Kasi habit doesn't come out overnight.
05:02Okay.
05:02So, minsan ang habit, most of us.
05:06Yung impulsive buying.
05:08Yeah.
05:08So, paano mapipigilan yun?
05:10Kasi minsan, ganun yung nangyayari yun.
05:12Even either sa online or sa mall, pag kami nakita ka, yun nga, pagka-sale, 50%, 40%, it seems it's
05:20a good deal.
05:21But yun nga, nagiging habit na siya. So, how do you break that?
05:24We have to understand kasi that yung, kunari yung impulsive buying, we think kasi that the battle starts na, nandung
05:32ka na, magde-decide ka na, 50% off.
05:34Diba?
05:35But actually, habits are formed beforehand.
05:38You have to set yourself up for success.
05:40So, going back to the APT, accessibility.
05:44Since sobrang accessible na yung mga sale, yung mga deals, we have to add friction.
05:50Paano tayong mag-a-add friction?
05:51Pwedeng i-off mo yung notifications.
05:54Diba?
05:55Pwedeng, ako, I personally set a limit dun sa mga apps ko, yung shopping online apps, para may set time
06:02lang ako for the day.
06:04I also don't scroll yung pagtulog ka na.
06:09Diba?
06:09Diba?
06:10Diba?
06:20Diba?
06:21Diba din yung sa triggers natin, I suggest two things.
06:24Una is the inventory check.
06:26Diba?
06:26Diba?
06:27Diba?
06:27May gusto kang bilhin na damit.
06:28You check muna, ano ba yung meron na ako?
06:31Kasi minsan, di natin nare-realize, may doble na tayo of some stuff.
06:34And then, the 48-hour rule.
06:37What's up?
06:38Diba?
06:39Diba?
06:40Diba?
06:41Diba?
06:41Diba.
06:42Diba?
06:53Diba?
06:54So, you know, the others don't have to pay attention to check out again.
06:59So, let it simmer a little bit.
07:01Now, 48 hours, you'll be surprised how much you'll be able to see it.
07:05Okay.
07:06So, mga 2 days, you'll have to pay attention to it.
07:08Yes, you'll have to pay attention to it.
07:10Because it's the impulse that you want to check out again.
07:14You don't have to pay attention to it.
07:15The last message is your advice to our co-RSP
07:19na nahihirap ang magsimula sa pagkahawak at tamang pag-gasos ng kanilang pera.
07:24So, just like in exercising, di ba?
07:27Pag ang tagal natin hindi nag-exercise,
07:28tapos nag-exercise na ang sakit sa katawan.
07:30So, same with budgeting and with our finances,
07:34we have to execute, to start, and then to have our consistency
07:40para ma-build natin yung financial muscles natin.
07:44So, yun, ayan.
07:45On that note, maraming maraming salamat sa iyo, Kimi Bataliones,
07:48sa pagbibigay ng tips kung paano magkakaroon ng proper spending habits ngayong umaga.
07:52Thanks, Kimi.
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