Yesterday's headline screamed "RP Stock Prices Dive 6%", and shareholders' gains since January went up in smoke. I don't own any shares of stock, but I do have a small unit investment that took a dive yesterday as well. Fortunately I've never trusted my luck very much in terms of taking risks, so this potential loss will not have me sleeping in a cardboard box in the next few months if the bottom falls out of the PSE.
I also read in yesterday's paper that a certain official from the Bureau of Customs lost a $500,000.00 investment to a Singaporean businessman who just up and disappeared one day. In local currency that would be somewhere in the neighborhood of 24 million. If I had that much money already, I'd stop trying to get some more. Then again, it's one of those people at Customs, and it's no secret that they're a bunch of greedy swamp-dwelling beasts who'd sell their own mothers for a few bucks. I'll bet that half million dollars came from grease payments.
I don't much care for rich people losing money. I feel sorry for ordinary working-class citizens who take a chance with their savings only to end up watching it frittered away on a bad investment year. People like me who get talked into stepping outside the relative safety of the bank for a chance to turn their peanuts into...well, macadamias.
Now that it's beginning to look like there will not be a harvest of better nuts at the end of the year, it's time to turn up the thrift button -- one survival skill you should have if you're one of those people less adept at making money. Perhaps you would be more adept at trying not to lose it. If a few pesos can be saved from one penny-pinching measure, then employing several must translate to a substantial amount at the end of the month. Here are some things that I do to cut back on my expenses:
1. The obvious thing - don't keep the lights on in a room if you are not actually there. In the evenings I turn out all the lights downstairs when I am up in my room. Never mind that the house looks like a dark cave to people walking by. They're not the ones paying for my Meralco bill.
2. Take advantage of any opportunity to ignore your electric fan. Now is a perfect time, with all these rainy days and cold air. Open your windows for 100% free, all-natural air conditioning.
3. Take your baths tabo-and-timba style. Don't heat water if you can stand the water temperature.
4. Go easy on the toilet paper, it costs 10 pesos a roll these days, and I'm not talking about those brands that are silky-soft on top of being embossed and blinding white. Why spend extra for something that's only going to end up wiping your butt? But if you'd rather not purchase cheap TP that is pink and only one small step away from being sandpaper, choose among the middle-range brands. How to tell which ones give the better deal if the rolls appear to be of the same size? Give them a squeeze and you'll find that some are more densely rolled than the others.
5. Don't believe that only toothpaste with three colored stripes or blue crystals will successfully clean your teeth. All it needs to be is white and with flouride.
6. Soap is soap, and I found out that the difference between the beauty bar with 1/4 moisturising fluid and a locally-produced baby soap that costs only half as much is that the beauty bar melts twice as fast for twice the cost.
7. Never eat out if you can help it. If one home-prepared meal costs 10 pesos to make, one cheeseburger meal will set you back by 72 pesos. If you need to eat out, then just skip the softdrink and ask for water.
8. Avoid the mall unless you're going there to buy something you need or meeting your friends to see "Blades of Glory" (I love you Jon Heder!). Otherwise the P30 you'll be paying for parking becomes a needless expense, and so will the gas you consume to drive there.
9. Enroll your utility bills in your bank's atm payment facility so you can knock all of them off at one go the next time you withdraw your weekly allowance. Bam! Four birds with one stone, and no extra gas consumption.
10. Set a charge limit on your credit card. It helps if there are only certain expenses that you assign on the card. Mine are groceries, car maintenance, clothing, and fun stuff like books and music. I always do the groceries first, at the beginning of the billing cycle, and then that's how I know how much I have left for the other things.
11. Forget ironing, unless it's a blouse or a pair of slacks. Jeans never need ironing, and so do t-shirts if you put them on a hanger to dry.
12. Buy a cellphone card instead of purchasing autoloads that involve a smaller amount, but expire so much faster. Do not reply to people who want to be your text pal, do not forward "a flower from St. Theresa" to ten of your friends to make your wish come true, and do not register, for 15 pesos, to the Honda CRV raffle which you are not likely to win if your nextwork has over 3 million subscribers.
13. Take baon to the office, as well as a thermos of water. Do not buy bottled water! It's a ripoff, any way you look at it.
14. Set aside something every month from your regular income that's small enough not to pose a noticeable hit on your operating budget. If you would rather not bother if all you can spare is a hundred bucks each month, then you'll never get that savings account started at all. Don't wait around for a windfall in case it never comes.
15. You can live without an iPod, even if everybody else seems to need theirs to breathe.
16. You don't really need a phone that does everything short of controlling someone's brain from across the room.
17. Stop buying cotton buds. I know they're convenient, but you know what costs a whole lot less to clean out your ear? A plastic stick and a small package of cotton. Last you damn near more than a year.
18. Let your car get absolutely filthy before paying 60 bucks to have it cleaned at the carwash. The car's not embarrassed to be filthy, so why should you be? Better yet, clean that car yourself with a chamois cloth and a bucket of water.
19. If a pretty little trinket catches your eye and you want to buy it because it's cute and it costs only twenty pesos, stop and think again. By next week it will be a piece of cute junk that will join the rest of all the cute junk sitting in your drawer.
20. Unplug all appliances after use (except the fridge, obviously). Even when they're turned off, they're still consuming electricity on standby.
21. Buy the bigger package whenever the budget allows; it always comes out cheaper. But this only applies to things that will not spoil, and which are consumed on a daily basis: toilet paper, toiletries, detergents, coffee, sugar, rice, salt...you get the idea. Stay away from those stupid one-to-two use shampoo sachets and the like. You're paying for the packaging there, not the stuff that's in it.
Want some more? I've got some more. Or would you like to hit me over the head now?