A Student’s Diary | Budget Challenge – 100 pesos a week | More About Myself

First of all, I would like to thank @smaeunabs for this wonderful contest. This is a big privilege to share my budget challenge last year when I was a grade 10 student.

ME DOING SOME CALCULATIONS

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Since I was in my Elementary years, I am very vigilant when it comes to my own money. It is because I already knew the situation of my family, of how hard to find a single peso. When I was in my Elementary years all my savings are contributed to my mother, at least I could pay her for her efforts.

When I stepped in high school I realized that I have to save my money for myself. To buy the things I needed, to pay projects and to have an extra money for my school supplies in school. Three years from Grade 7 – 9, I failed saving money. It was then when I was a Grade 10 student, I was able to do my budget challenge.

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MY DAILY BUDGET

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Last year when I was a grade 10 student, I am given 100 pesos a week for my allowance that means I only have 20 pesos a day. When our class started, we were being told that we have to pay 5 pesos a day for our sinking fund for our Christmas Party. What I did was I calculated the minimum and maximum budget that I have to spend or to save.

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DAILY BUDGET & EXPENSES

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Specifically, this is how I budget my daily expenses. So first of all, I would like to state my situation. I lived in Tipolo, Mandaue City. Our school is 1-2km far from our home, if I wanted to have a ride to my school, I had to pay 20 pesos for a tricycle ride. I have to walk for 7-10 minutes before arriving in our school. Our classes start at 8a.m. and end at 2:45p.m. so I have to bring lunch already. On the graph above, you can notice that I only spend 5 pesos for my water and food. Well it’s true guys, I only buy water. You see, water is very important for me. Water makes me feel relaxation or a peace of mind, when headaches strikes I only have to drink water then everything will be alright. How about my snacks huh? To be honest I only buy foods/snacks to eat for at least twice a month or once I guess. I make sure that I have successfully saved a lot of money in a week before spending my extra money for food. Do I starve? Well yes, sometimes I get starving looking at my classmates eating but I focus on my studies and activities though I don’t have enough time for snack time. I also talk with my friends in order to disturb myself from starving.

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MY WEEKLY BUDGET

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WEEKLY BUDGET & EXPENSES

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Generally, this is how I budget my 100 pesos weekly. I always have 50 pesos’ savings every week. I spend 25 pesos for my sinking funds. I know you’ve noticed above the outcomes. So here’s the truth, actually I don’t spend 5 pesos a day. It is situational, therefor I sometimes spend more than 5 pesos a day for my food and water and sometimes I spend less. That’s why I saved more extra savings sometimes. Overall weekly savings is 50-70 pesos (situational).

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WHY DO I HAVE TO BUDGET

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Source

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Budgeting is important for me because it helps me know how I managed and spend my money. As a student, I have to practice myself on how to handle money. Budgeting also helps me save more money in a way that I list what should I spend and my expenses. Many find my budgeting inspiring many find it a waste of time. But I always believe and admire this quote "Work Hard, Pay Hard”. If you work hard for something someday your hardworks would be paid off.

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WHERE ARE MY SAVINGS?

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T-SHIRTS I HAD BOUGHT

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When I stepped in high school, I noticed there are many projects and funds to be done and school supplies as well. Some of it are costly and is needed to be paid. I didn’t want to ask money in any member of my family unless if I really need it. Aside from school stuffs, there are many things that I want to buy and things that I need to buy. I was wondering what to buy first though I saved much money in my grade 10 year. Then I realized why do I have to pick if I can buy one thing with both perspectives. I had bought 2 t-shirts since I don’t have enough t-shirts to wear. The 1st one is the Justin Beiber T-shirt, it captured my heart and I need t-shirt as well of course so I bought it with no doubts. The 2nd one is the Justice League T-shirt, it also captured my heart and I bought it for my Christmas Party outfit.

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MORE OF MY SAVINGS

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Thank you for spending your time reading this blog. I hope you enjoy! If you want to join this contest be sure to visit @smaeunabs. This contest's deadline is tomorrow go ahead and make your entry! Don't forget to leave a comment below or resteem (because I don't ask for any upvotes and follows).

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Greetings,
@carlitojoshua