Over one-third of Filipinos live paycheck to paycheck.
On payday, 49% of Filipinos are extremely good at budgeting. 20% of people go crazy and spend more than they normally would.
In the event of an emergency, 20% of Filipinos would borrow money.
Following are the signs you are Overspending:
You don’t Follow Budget
A budget is a spending plan that will guide you through the month. Failure to stick to a budget can lead to uncontrolled expenditure.
Exceeding Credit Limit
Being close to or above the credit limit will have a significant influence on your credit and may result in loan denial.
Not making the minimum payments
The minimum payment is equal to 2% of the outstanding debt. If you do not make even the minimal payment, you are definitely dependent on credit too much and have more debt than you can handle.
Living paycheck to paycheck
You may be on the edge of financial ruin if you are living paycheck to paycheck or not paying your payments on time. If you have even one financial emergency, you may find yourself in significant financial trouble.
How not to overspend?
- Understand your spending triggers
- Track your spending
- Learn to budget your money
- Do not dip into your savings
- Avail instant short-term loan from FlashCredit
You can avail instant short term loans for your daily needs.
Overcome your spending problems now!
