Getting to Know More About Your Wallet

To be honest, do you exactly know how much money left in your wallet as of this time?  Even coins in your coin purse (if you have one)?

In reality, most people don’t know how much money left in their wallet everyday, until they opened it to buy something.  And even myself was not in the exception.  Not until I realized it, few years ago.

Budgeting Mistakes

Tight Budget photo from
Tight Budget
photo from

People who don’t know how much money they still have on their wallet are prone to budgeting mistakes or even no budgeting plan made.  They are also prone to impulse buying which will sure break your budget.  This bad habit makes 90% of employed people inability to make a savings every payday.

Developing Good Habit

I assume you are very familiar about SALN
I assume you are very familiar about SALN, from CJ Corona’s trial

Budgeting makes people financially matured.  A simple notepad in your pocket, jotting down your income (salary for this 15th) minus all of your expenses, and doing this for the rest of your life will separate financially matured person into ordinary one.

In my practice, I created an Excel file that serves as my Personal Income and Expense Statement (PIES), and a small pocket notebook that list all of my daily expenses (fare, gas, small food, etc.).  For more information about creating your PIES, you can visit my other blog titled Creating Your First Cash Flow Statement.

Include It To Your New Year’s Resolution

Another year will past and a new year will rise soon.  This upcoming year, we can add this new habit that can shift our perspective about money.  Just start this December then on the new January, you already used to have a good budgeting habit.

I recommend discussing money over a food like breakfast to dinner, will make a good sense instead of talking other people’s lives.  Let your children heard about your real situation of your finances.  Just make sure don’t make argument over a food, you can discuss it after.

For the parting words, I share one of my favorite verses in the Bible about stewardship of wealth.

“And he who had received the five talents came forward, bringing five talents more, saying, ‘Master, you delivered to me five talents; here I have made five talents more.’ His master said to him, ‘Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.”

– Matthew 25:20-21

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Eleison Cruz

Financial Consultant. Personal Finance and Investment advocate. Author of The Good Asset, a blog that educates people in investments, financial literacy, and life insurance. Visit

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