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Self-Care

One aspect of self-care is accepting your financial capacity, coming up with some coping mechanisms to deal with financial constraints and establish goals that will meet his financial needs. Engage in activities include financial literacy, setting goals in spending and budgeting, talking with others style of budgeting, sticking to one’s budget, saving and loaning money wisely, for starters.

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Stop Stressing over Inflation

By: ANGIE CHUI 

With the rising costs of goods affecting people not just from the Philippines but in different parts of the world, the weakening buying power of regular consumers is one of the major problems being experienced by regular employees who find it hard to stretch their budgets as it is.

If you are one of the people reeling from the cost of goods in the market, here are some practical ways to cut your costs and breathe easier every month.

  •   Check your subscriptions.   The cost of subscriptions can accumulate and cause a dent on your monthly budget. With the number of streaming and gaming platforms available, check which ones you need the most and unsubscribe to the ones that you don’t really use that often. This also goes for your phone’s plans, broadband bundles and other services. With the wealth of options available, you may find a more affordable alternative.
  •   Curb impulse buys.   Sometimes, the reason we fail to make ends meet is because we unwittingly spend our budget on impulse purchases. If you find something you really like on e-commerce platforms, feel free to add it to your cart but hold off on the check out. If you leave it on your cart for a long time without buying the item, chances are, you will not be compelled to make the purchase after a while.
  •   Look for other income streams.   There are plenty of ways you can earn additional income by using your skills. Pick up some online side hustles that can help you with your expenses. These jobs could even give you a welcome distraction from your routine by exploring your potential in other fields.
  •   Consider investing.   Invest in your future with flexible investment plans that also adopt to the current trends. Most financial plans nowadays also factor in inflation into their computations so that the money that you are able to save and invest will be enough to meet your needs in the future.

You Matter

Self-care is an important aspect of your overall well being. Explore the different sections of our Self-Care Hub with contents that cater to every sector.