X
theAsianparent Philippines Logo
theAsianparent Philippines Logo
EnglishFilipino
Product GuideSign in
  • Building a BakuNation
  • Becoming a Parent
    • Trying to Conceive
    • Pregnancy
    • Delivery
    • Losing a Baby
    • Project Sidekicks
  • Ages & Stages
    • Baby
    • Toddler Years
    • Preschool Age
    • Kids
    • Preteen & Teen
  • Parenting
    • Parent's Guide
    • News
    • Relationship & Sex
  • Health & Wellness
    • Diseases & Injuries
    • Allergies & Conditions
    • Vaccinations
  • Education
    • Preschool
    • K-12
    • Special Education Needs
  • Lifestyle Section
    • Celebrities
    • Contests & Promotions
    • Home
    • Travel and Leisure
    • Fashion
    • Fitness
    • Wellness
    • Money
  • Become a VIP
  • COVID-19
  • Press Room
  • TAP Recommends
  • Shopping
  • Awards
    • Parents' Choice Awards 2023

Practical money advice from an Ilocano mom

3 min read
Practical money advice from an Ilocano mom

When it comes to finances, nothing really beats practical money advice. What more if it comes from an Ilocano mom right? Read on to learn more!

Mommy blogger Madz shares practical money advice that she learned firsthand from her Ilocano mom!

It's a common notion in the Philippines that Ilocanos are really good at managing their finances, so we're sure that these seven tips will prove to be very useful!

Practical money advice from an Ilocano mom!

1. Save for the rainy days

Saving money for the rainy days, or for leaner times, helps prevent you from having money troubles in the future. Having a good amount of money saved in case of an emergency or a large, sudden-but-necessary expense is really helpful.

2. How much you earn isn't as important as how much you save

Let's face it, not everyone earns the same amount of money. However, the key to making that money last is to maximize and save as much as you can. If you're earning 100,000 pesos a month, but you have no savings, someone who earns 20,000 pesos a month but saves half of it is more financially stable in the long run.

3. Health is very important

One of the biggest expenses that any family will have is if someone gets sick. And the best way to prevent sickness is to keep your body healthy. That's why it's important for families to always do their best to be healthy, not just to avoid any expenses, but also to have a good quality of life.

4. Focus on quality, and not the price

A lot of people base their purchases on how much money they will save in the short term instead of the long term. What's the use of saving money on a cheap appliance, only to have it break after using it twice right?

Make informed purchases, and look for a balance between cost and quality. Look for things that will last a long time, and you'll save yourself a lot of trouble in the future.

5. Have a list whenever you go shopping

The best way to avoid any unnecessary expenses during shopping is to have a list with you. Having a shopping list helps ensure that you won't buy anything that's not necessary. And you'll think twice about making any extra purchases.

6. Live below your means

Lastly, it's important to always live below your means. Don't try and maintain a lifestyle that you can barely afford. If you're thinking of buying a car, but you can't pay for the parking or the gas, then it's better to just commute. There's no need for a flashy or fancy lifestyle if it's going to make you waste your money on unnecessary things.

 

ABOUT THE AUTHOR:

Practical money advice from an Ilocano mom

I'm Madz, stay-at-home mom to my energetic and charming little girlie. I am into anything frugal, creative, and well... pink! This blog is about sharing parenting lessons I've learned, products that help us rock mommyhood and making time to do what makes our soul happy so we can be mommies n' more!

Source: mommynmore.com

ALSO READ: 5 Money management mistakes married couples should avoid!

Partner Stories
Parents, here's what you should do when your child sees you and your spouse fighting
Parents, here's what you should do when your child sees you and your spouse fighting
3 Game Changing Baby Products that’s Now Available
3 Game Changing Baby Products that’s Now Available
13 Must-haves for Your Online Baby Checkout Checklist
13 Must-haves for Your Online Baby Checkout Checklist
'What About the Future of My Kids?' How Financially Empowered Mothers Brave the Pandemic
'What About the Future of My Kids?' How Financially Empowered Mothers Brave the Pandemic

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

img
Written by

Jan Alwyn Batara

Become a Contributor

  • Home
  • /
  • Money
  • /
  • Practical money advice from an Ilocano mom
Share:
  • Ipon Challenge: Kaya mo ring gawing Php68,900 ang Php50 mo!

    Ipon Challenge: Kaya mo ring gawing Php68,900 ang Php50 mo!

  • How can moms and dads deal with having nosy neighbors?

    How can moms and dads deal with having nosy neighbors?

  • Dani Barretto sa speech delay ng kaniyang daughter: “Kahit ano pa siya, mamahalin ko siya.”

    Dani Barretto sa speech delay ng kaniyang daughter: “Kahit ano pa siya, mamahalin ko siya.”

  • This amazing baby saves her family's life

    This amazing baby saves her family's life

  • Ipon Challenge: Kaya mo ring gawing Php68,900 ang Php50 mo!

    Ipon Challenge: Kaya mo ring gawing Php68,900 ang Php50 mo!

  • How can moms and dads deal with having nosy neighbors?

    How can moms and dads deal with having nosy neighbors?

  • Dani Barretto sa speech delay ng kaniyang daughter: “Kahit ano pa siya, mamahalin ko siya.”

    Dani Barretto sa speech delay ng kaniyang daughter: “Kahit ano pa siya, mamahalin ko siya.”

  • This amazing baby saves her family's life

    This amazing baby saves her family's life

Get advice on your pregnancy and growing baby. Sign up for our newsletter
  • Pregnancy
    • Baby
    • Breastfeeding & Formula
    • Baby Names
    • Delivery
  • Parenting
    • Parent's Guide
    • Advice for Parenting Kids
    • Relationship & Sex
  • Lifestyle Section
    • Local celebs
    • Celebrities
    • Money
    • News
  • FAMILY & HOME
    • Couples
    • Weekend & Holiday Guide
    • Health
  • Building a BakuNation
    • More
      • TAP Community
      • Advertise With Us
      • Contact Us
      • Become a Contributor


    • Singapore flag Singapore
    • Thailand flag Thailand
    • Indonesia flag Indonesia
    • Philippines flag Philippines
    • Malaysia flag Malaysia
    • Sri-Lanka flag Sri Lanka
    • India flag India
    • Vietnam flag Vietnam
    • Australia flag Australia
    • Japan flag Japan
    • Nigeria flag Nigeria
    • Kenya flag Kenya
    © Copyright theAsianparent 2023. All rights reserved
    About Us|Team|Privacy Policy|Terms of Use |Sitemap HTML
    • Tools
    • Articles
    • Feed
    • Poll

    We use cookies to ensure you get the best experience. Learn MoreOk, Got it

    We use cookies to ensure you get the best experience. Learn MoreOk, Got it

    theAsianparent heart icon
    Nais naming magpadala ng notification sa'yo tungkol sa latest news at update sa pag-aalaga ng baby at kanilang kalusugan.