Since I will be officially earning my own money, I have been thinking of how I will be handling my finances. Actually, nagsisisi ako. My allowance when I was in college was 500 a day, and I didn't even have to pay for transportation or rent. I didn't have to pay for my school materials (which were tad expensive... taking up fine arts is expensive) with my allowance. I wasted about 70% of my college allowance on toiletries, makeup, shoes, and clothes. Also, I loved eating out and I was fond of taking cabs when I get back from shopping.

Recently, I spent 12,000 on clothes. For "corporate" clothes.

For now, I have stopped browsing online (ebay, etc.) and I won't be taking trips to the ukayan. I am determined to save 50,000 on my first year of working (that doesn't include bonuses). I will be setting up my savings account upon reaching 15,000 in a rural bank for a higher interest rate. When I do get to save another 10,000, I will invest in mutual funds and I intend to lock it down for 5-7 years.

But ultimately, my goal is to set up my own business (but in the far future) because no one gets rich solely by being employed.

Anyway, when I am tempted to spend for something, I just think of how little my money will grow in the bank. Even at 6% interest, that amount earned would be worth even less than a dress. It is really hard to earn money.

So everyone, let us start saving! I will update you guys on how my fund is doing.