BUDGETING 101

Gusto kong i-share sa inyo ang mga artikulo na naisulat ko noong nakaraang taon. Nai-share ko ito sa maliit na grupo pero ngayon ay ibinubukas ko sa lahat. Pasensiya na lamang at nakasulat sa english, paki tiyaga na lang. Apat (4) na magkakasunod na artikulo ito na sana ay makatulong sa inyo.

How do we make our budget? Or more correctly, what kind of budget are we making every month?

You might be asking: what? Is there any other kind of budgeting other than what we do every month? Am I kidding? No. I’m dead serious.

The usual budget that we do every moth usually leaves us in indebt or need to ask a loan from someone or somewhere. This is called DEFICIT BUDGETING.

It describes that we move heaven and earth to minimize our expenses and try to leave below what we have every month because our INCOME is SMALL that it is just NOT QUITE ENOUGH.

And this is what we do and even governments do.

s goes up and always hear time and again that we have huge budget deficits. The reason why budget cuts on social services such as health, education, and housing - are increasing due to the prioritization debt payments which is very unacceptable.

That’s why the government debt alway 

And it mirrors our practice in budgeting. We cut on expenses such as buying new clothes or eating out with the family. The result is detrimental to each member of the family which could result in frustration if not despair of our current living standard. The only saving grace of our race, we Filipinos do not sulk in depression just like other countries. And they are amazed that we can manage to smile even in the direst of situation.

So, let’s go back to budgeting.

As I said, the other kind of budgeting – as Robert Kiyosaki calls it – is SURPLUS BUDGETING.

In SURPLUS BUDGETING, we are not just programming our expenses but we are also PLANNING on how we can EXPAND our INCOME. Say it again, EXPANDING INCOME not just programming to spend.

And, again, I do sincerely congratulate you that what we have done which is the exercise that we did, is our first step in learning on how to do surplus budgeting. It’s still not that much but if we still want to grow it bigger, we should go on with the other phase of the business (not just prepaid retailing) which is NETWORK MARKETING.

We’ll provide detailed discussion on NETWORK MARKETING in the weeks to come plus training on how to be a successful network marketer for you to GAIN what for us now an UNIMAGINABLE INCOME. Thus, would surely PREVENT the SQUEEZE or STRESS that we suffer every now and then from MANAGING our MEAGER INCOME.

ACHIEVING SUCH WILL TAKE TIME BUT CAN BE REALIZED EARLIER AS WE TAKE ACTION NOW.

And remember just as the popular ad says: Plan, You Only Live Once (PYOLO)!