Successful Budgeting A very special thank-you is in order to my editors, Beverley Ng and Nicola
Butler. Both of them are professionals with a keen eye for critical
concepts and set very high standards for excellence in editing. IN NO EVENT WILL ANDREW NG AND THE SALVATION ARMY
ENGLISH SPEAKING CORPS BE LIABLE TO ANY PARTY FOR ANY DIRECT, INDIRECT OR
OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS BOOKLET, INCLUDING, WITHOUT
LIMITATION, ANY LOST PROFITS, INTERRUPTION OR INFORMATION OTHERWISE,
EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Made Simple
Acknowledgement
Successful Budgeting Made Simple is copyright © ΐ%° Έ%% 2003 by the Salvation Army English Speaking Corps. This publication is designed to provide accurate information in regard to the subject matter covered. If legal advice or other expert assistance is required, the services of a competent professional should be sought. π Ψ θ
It is a good practice to balance your
monthly and yearly budget. This is part of financial management. Some of us may
find it difficult, some may find it boring and others may not even know where
to start.
This booklet will show you the simplest
way to get your budget in order and also give you some idea how financially
successful people think. Before I get into the technical part of budgeting, I
want to focus your attention on people successfully benefiting from having a
good financial practice.
We may ask how did they balance their need to become
wealthy and economically productive with their need to enjoy life?
Many financially successful people are
business owners, executives and professionals. Dont get disappointed that you
are not one of them. Being a domestic helper working in Hong Kong can also give
you an opportunity to excel and achieve financial success.
You are here for one reason, to generate more money
so that your family in the Philippines can have a better standard of living and
your sons and daughters can have a better education.
The money that you earn in Hong Kong is
approximately 3 times more than what you would earn in the Philippines. So
financially, you are 3 times better off than your friends and relatives in the
Philippines.
In reality, each month you are making more that
HK$3,670, when you take account housing (HK$800), workers
compensation insurance ($42), food ($800) and return
air fare to the Philippines ($166). When you tally this up you are actually
making as much as HK$ 5,478 a month.
Let us take advantage of this situation. Lets move
forward and be financially independent.
Precious treasure remains in a wise mans
dwelling; but a foolish man devours it.
- Proverbs 21:20
I have been attending Sunday services at the
Salvation Army English Speaking Corps for the past eight years and I am
beginning to develop a closer friendship with some of you. I am starting to
understand some of the financial situations our sisters are facing. I promise I
will do my best to guide you in the right direction so that you can overcome
your financial difficulties. π Ψ θ I am
joyous to see some of our sisters have achieved financial independence and many
have very fine houses in the Philippines. I have every confidence that you can
also achieve financial independence. π Ψ θ
A Budget is a plan or schedule that helps you to
adjust your expenses to your income over a certain period of time (Usually 1
month or 1 year).
It is good practice to prepare a budget at the
beginning of each month. This gives you a tool to control the cash you spend
each month.
First: INCOME π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ Second: EXPENSES π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ If Income Expenses = +
(Positive) * Good Budget * ☺ Eg. $3000 $2000 π Ψ θ = $1000 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ If Income Expenses = -
(Negative) π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ * Poor Budget * Eg. $3000 $3500 π Ψ θ = - $500
Budgeting is simple! You only need to know two
things:
As we can see there are only two things to
worry about!
INCOME
& EXPENSES
|
INCOME:
|
EXPENSES:
(Note: Money savings is
not an expense. It is a monthly pay out of your total income). π Ψ θ |
We notice on the income side that there are few
cash generating items, but on the Expense side the list is very long.
Financially
Successful people have said:
I taught my sons and daughters that money is not their God.
You control it
π Ψ θ dont let it
control you.
Some ideas on how to decrease your expenses:
You can juggle with your expenses to maintain a healthy
budget.
|
A GOOD Monthly Budget π Ψ θ ☺ |
π Ψ θ A BAD
Monthly Budget |
|
Income: π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$3,670 Expenses: Transportation π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $180 Food π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 250 Medical π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Telephone Bill π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 150 Clothing π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 200 Shoes π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Cosmetics π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 50 Jewellery π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Childrens tuition
fees π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 500 Philippine
Household π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 1500 Church π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 200 Loan Payment π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Balance π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$640 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ======== |
Income: π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$3,670 Expenses: Transportation π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $180 Food π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 400 Medical π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Telephone Bill π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 500 Clothing π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 450 Shoes π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 250 Cosmetics π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 200 Jewellery π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 650 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ Childrens tuition
fees π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 500 Philippine Household π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 1500 Church π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Loan Payment π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ Balance π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$ ( -$960 ) π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ =========== |
|
Monthly saving of π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$640 π Ψ θ |
Monthly deficit of π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$ - 960 |
After preparing your monthly budget, the second step is to discipline yourself to record all of your spending for the month. You need to collect and save all your receipts. Add up all your receipts at the end of the month and then subtract the amount from your total income. This will show you an actual cash flow for the month. π Ψ θ π Ψ θ
EXPENSES
INCOME
|
|
INCOME |
EXPENSES |
July, 2003
INCOME
Budgeted(What
you plan to pay) Income: π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ
Wages π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$3,670 Bonus π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 20 -------------------------- Total Income π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $3,690 Expenses: Transportation π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $180 Food π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 250 Medical π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Telephone Bill π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 150 Clothing π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 200 Shoes π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Cosmetics π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 50 Jewellery π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 Childrens tuition
fees π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 500 Philippine Household π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 1500 Church π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 300 Balance π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$560 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ
======== |
Actual
(What
you really pay) $3,690 $200 π Ψ θ 220 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 π Ψ θ π Ψ θ 300 π Ψ θ π Ψ θ 200 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 π Ψ θ π Ψ θ 120 π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ 0 π Ψ θ 500 1500 π Ψ θ π Ψ θ π Ψ θ 250 _________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ
HK$400
π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ====== |
Difference |
π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ
HK$ 160 |
TIPS FROM FINANCIALLY SUCCESSFUL
PEOPLE:
Most financially successful people have courage. They take financial risks (given the right return!) Having the courage to take financial risks doesnt mean that they are gamblers. (They will evaluate all the possibilities and scenarios before any commitment).
Economically Productive
Household π Ψ θ π Ψ θ π Ψ θ
Rich people are often cheap. They have different shopping behavior;
they go shopping when there is a sale.
Playing and socializing with your children costs you
nothing.
Inviting close friends over for dinner, playing a
card game or watching a movie costs very little. π Ψ θ
Financially successful people dont depend on consumer goods to enjoy life.
Their pleasures and self-satisfaction have more to do
with their families, friends, religion, financial independence and physical
fitness.
Borrowing
money for any reason is the worst thing in the world. If you dont have any
money, you learn how to do without.
If you borrow, you are making a mistake. Before you borrow
any money, you should consider how you are going to pay the money back. The
more money you borrow, the bigger the mistake. You are paying interest 24 hours
a day, 7 days a week. The banks will be breathing down your throat if you dont
pay the money back on time.
In
the Armys financial principle (Section 7 of the Order & Regulations) no.1
Debt is understood as failure to meet liabilities. It is a great hindrance to
the Armys work. In no.7 personal debt is forbidden. This simply means that in
the Bible and the Salvation Army principles, both agree that borrowing is
dangerous.
Most
financially successful people give credit to their strong faith. Having strong
faith gives them the ability to eliminate or at least reduce fears and worries.
God created us all to be successful.
I
believe God sometimes tests our faith. Sometimes He has a better plan for us
than what we have ourselves.
Mr. Ken Melrose is chairman and
CEO of Toro Company, a very successful lawnmower manufacturing company in the
United States. Every morning Mr. Melrose asks for Gods help. Each morning, I
ask God to help me get through this day because I need to be led, I cant do it
myself. I trust God to lead the company out of the hole and guide me in making
decisions.
Be strong and courageous. Do not be terrified; do not be discouraged, for the Lord your God will be with you wherever you go. π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ - Joshua 1:9
Do not spend money you do not have!
If you follow this rule, you will achieve financial
independence and be able to enjoy success in your life.
I heard a saying that went:
God does not need to receive, but humans
need to give.
There are powers in this world that
are much smarter than we are. You can get there on you own, but its easier
with the help of the powers that be. All you need to do is to be generous with
what you have, and the powers will be generous with you.
Command those who are rich in this present world not
to be arrogant nor to put their hope in wealth, which is so uncertain, but to
put their hope in God, who richly provides us with everything for our
enjoyment.
Command them to do good, to be rich in good deeds,
and to be generous and willing to share. In this way they will lay up treasure
for themselves as a firm foundation for the coming age, so that they may take hold
of the life that is truly life.
π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ - π Ψ θ
Timothy 6:17-19
Budgeted Income: π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ
Wages π Ψ θ π Ψ θ π Ψ θ π Ψ θ
HK$ Bonus π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ
-------------------------- Total Income π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $ Expenses: Transportation π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $ Food π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ Telephone bill π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ____________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ____________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ____________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ____________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ____________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ____________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ____________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ
Church π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ Miscellaneous Balance π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$
π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ======== |
Actual
π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ $ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ _________ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$
π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ ======= |
Difference |
π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ π Ψ θ HK$
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