Learn­ing to save on splurges

Cosmopolitan (Philippines) - - You, You, You -

When you need some­thing, you’re more likely to spend too much on it. To­day, our smart­phones are like a limb—es­sen­tial to make it through the day. It’s a pur­chase mil­len­ni­als will spend on—cosmo’s sur­vey found that 93% of re­spon­dents owned a smart­phone, with eight out of 10 us­ing it as a pri­mary source of in­ter­net ac­cess. It’s tempt­ing to get sucked in by “fan­tas­tic” con­tract deals; it can feel like you’re sav­ing when you get a phone on con­tract but if you don’t use the con­tract to its full po­ten­tial, the deal is point­less.

Rather than spend­ing hun­dreds each month on “free” min­utes, SMS and data, save by jug­gling your phone and data use. Data bun­dles are very pricey, es­pe­cially through cel­lu­lar providers. To avoid wast­ing more money on an al­ready ex­pen­sive phone, con­sider al­ter­na­tive chan­nels: place calls through Viber or What’sapp but get mo­bile data through In­ter­net.org or Safe­zone.com.

When you start think­ing crit­i­cally about where your funds are dis­ap­pear­ing to, you’ll re­al­ize that sav­ing a cou­ple of ex­tra pe­sos def­i­nitely doesn’t have to im­pact your qual­ity of life. Fis­cal re­spon­si­bil­ity = an­a­lyz­ing each cent go­ing out as much as you an­a­lyze each one com­ing in. You’re al­ready savvy, but there’s room for im­prove­ment. It’s your time to be young and reck­less—without be­ing per­pet­u­ally broke!

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