Being a part of the young professional group sometimes makes me wonder: Can I still do something else rather than follow the “EAT.SLEEP.WORK.REPEAT” cycle? Young professionals, also known as the “yuppies”, are among the most hardworking people that you might meet in your life. With their aggressive will to rise on the ranks, prime health and body, and unequivocal determination to prove their self-worth, yuppies have been the target of so many industries: from gadgets, transportation, credit cards, and cars… the list surely goes on and on. However, as yuppies are on the verge of building their careers, buying a house might be on the far-fetched side of the road because of the weight of responsibility that they will commit to.
But who doesn’t need a comfortable house after a long day in the office? Who doesn’t want their parents to be more proud because of this investment? Who doesn’t want a house you could call your own? So here it goes, hold still because this might mean an overhaul!
Extravagant Eat-Outs
We all know how tasty that steak is in that newly-opened restaurant, but you don’t have to eat there every night, right? Going to less expensive restaurants might boost your savings or if we can’t avoid eating-out, making a scheduled trip to these restaurants might help (How about a once a week schedule for eating in fancy restaurants?). After all, who doesn’t want to share those “Instagrammable” plates? But most importantly, who doesn’t love eating? Skip the fancy restaurant eat-outs. You can save a thousand or two for doing this.
OOTD Craze
You’ve seen those new Kylie Jenner tops from that fashion magazine and would most likely render “OT” in the office to avail those trendy tops. But wait a minute, do you really need those? Do you have, at least, enough savings in the bank to keep you going for the next few months? If no, then why not reserve those “OT pays” for a smarter purchase? You don’t have to be less than your net worth just to win the “OOTD rally”. Keep in mind that a true lover of fashion knows how to be resourceful enough to emanate beauty! Take a break from the OOTD rally. You can save Php 1,000- Php 3,000 on this.
TGIF Routines
“TGIF” is really a day we look forward to after a long week of keyboard thumping in the office. Friday nights are awesome since we are going to meet our old pals, meet new people and dance the night away! But, how awesome will it be if you can convert those Friday nights expenses into savings? Hopping off the clubs for quite some time might mean that you will not be able to practice those killer moves of yours but on the other hand, it will force you to think of other ways to relax and bond with your loved ones. Moreover, there could be a higher chance that you can save up money from those admission fees and drinks in the club. After all, it’s not that bad to be missed. Hop off the club’s impulsive buying. You can save Php 1,000- Php 3,000 for doing this.
Impulsive Buying
You have the money and are probably bored so you decided to go the mall and buy that trendy phone. We can all find an impulsive buyer in ourselves every time we see something so adorable, fancy and popular for sale. However, imagine buying that hippy phone when you will just use it for calling or texting someone. Not only are you inefficiently using the phone, but also you might feel a bit of regret because of tolerating the impulsive buyer in you. So you have to always remember weighing every purchase that you will make. Think of what you need over what you want and never forget to look for other options available. Your phone might be the latest model for now but count a month or two and an improved version might be launched. Be a critical consumer. Savings of at least Php 500- Php 3,000 or more can be added for your smarter purchase.
Avoiding Long Term Investments
We get it. You’re young and there’s still a lot of time for you to deal with life. But do you even have a long-term plan right now? Sooner or later, you’ll realize that plans, such as buying a house, is one of the things that you have to prepare yourselves for. The earlier you start planning, the higher the chance that you will be able to fulfill this. Investing in house and lots at an early age gives you a lot of advantage just like being eligible to longer months of amortization. Also, this is one of the things that can be a source of your fulfillment. After the long hours in the office, the stressful traffic that you have battled with, long-term investments like this makes you look forward to another day and motivates you to work harder. Take the leap and invest smartly. You can save an enormous amount for doing this.
| YUPPIE-HABITS TO BREAK | MONEY YOU CAN SAVE BY BREAKING THESE HABITS |
| EXTRAVAGANT EAT-OUTS | Php 1,000- Php 2,000 |
| OOTD CRAZE | Php 1,000- Php 3,000 |
| TGIF ROUTINES | Php 1,000- Php 3,000 |
| IMPULSIVE BUYING | Php 500- Php 3,000 |
| AVOIDING LONG-TERM INVESTMENTS | Countless savings for doing this! |
| Total: | Php 3,500- Php 11,000 |
With all those savings every month, you can now support the monthly payments of a house and lot. For as low as Php 8,000, you can now start building your home. To help you decide on what your savings can buy, here’s a link to help you assess the house that best suits your budget: https://www.onlineassessmenttool.com/can-you-already-afford-your-own-house/assessment-42439. Also, you can visit Camella Homes for their complete offerings!
Keep up the good work, yuppies! Happy house hunting!
