Savings Jar and Daily budget

         

I've been conceptualizing of ways on how I could save money and control my daily budget. Every pay day I withdraw my salary and deposit an amount for my saving and whatever the amount of money left is what I budget until the next pay day. That simple, according to a book I read "Saving comes first before Expenses." But my problem here was my budget doesn't reach the next pay day so I have to withdraw money from my saving and I end up saving 25% of my salary per month; sometimes nothing at all because I need to pay some bills. So I came up with my own monthly financial plan. So here it goes.

          How much do I earn per month subtract with monthly deduction? How much is my clean salary? That amount of money is where I base my daily budget and monthly savings.
          
          After that, I ask myself how much do I NEED per day to go to work and come home and have a few snacks? Yes! NEED not want because NEEDS are affordable and WANTS are expensive. So I spend 16 pesos for fare back and forth, I usually spend 20 pesos for snack sometimes I don’t because I have pack lunch and snack. Therefore, I spend 36 pesos per day; assuming I don’t have to go anywhere else and I pack my food but since I can’t control circumstances like that I came to a conclusion that I NEED 50 pesos per day. Sounds go for me!

          I still do the same routine after I withdraw my salary and deposit it in my savings account. But this time it is base on a financial plan that works for me. I also list down my withdraw and deposits because I don't have a passbook. 

         I keep a copy of my financial plan with my ATM card so that I won’t forget to utilize my money wisely. 

        So how do I stay in track with my daily budget? Simple, I made these small envelops; I wrote the days of the week on it and put 50 pesos in them. As soon as I get my salary I take away 700 pesos and have it change to 50s which is good for 14 or until next pay day. I have it color coded pink envelop is for my 1^st week and yellow for 2^nd week, it is also a sign that I’m almost out of money hahaha! or salary day is near hahaha! 

The green envelop is for my dentist, I have braces I pay my doctor month also within the budget. The peach envelop is for my cellphone plan. The white envelop is for my savings just in case I don’t deposit it on time so I’ll know not to touch it.

        Most of the time I spend less than 50 pesos per day so I put those extra coins and bills in these jars. I also label them so I would know there purpose. In this way I won’t have to touch my saving. YEAH! Now I’m at my second 5 pesos and 10 pesos jar A.K.A. new year jar. I’m so proud of myself. This financial plan really worked for me! Hopefully it works for you.

       If want to know what my savings are for, it’s for future trips and security purposes. The comfort of have money in bank when you need it most.