This week, I made another slightly major purchase of a 'want'. I feel giddy and guilty.
|photo grabbed from Egandeula's Sari Sari's Facebook Page|
So I'm sitting here on top of my uncomfortable high chair, in front of a borrowed laptop (my husband's), willing myself to start on my financial plan.
To be fair to myself, I am not starting with nothing. I have some savings. But to be realistic, I am an employee, part of the (hard) working middle class. I have two kids, one of school age (4 years old). The husband and I are bracing ourselves for a major borrowing commitment (his part of the commitment) and a major unavoidable expenditure (my commitment) in the next 3 to 4 months.
Now if I could just win the lotto. Not that thought again. :)
If you are like me, let's not despair. I have just read this article on www.brighterlife.com.ph on How an Employee Can Prepare for Retirement.
The article says if we, ordinary Juans (and Juanas), can save 20% of our net pay consistently from this day forward, there is hope that we can have savings for emergencies and a comfortable retirement fund by the time we retire at age 65.