{"id":26,"date":"2013-04-09T07:09:17","date_gmt":"2013-04-09T07:09:17","guid":{"rendered":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/?p=26"},"modified":"2013-04-09T07:35:33","modified_gmt":"2013-04-09T07:35:33","slug":"money-mistakes-among-pinoy-needs-vs-wants","status":"publish","type":"post","link":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/personal-finance\/money-mistakes-among-pinoy-needs-vs-wants\/26\/","title":{"rendered":"Money Mistakes Among Pinoy (Needs VS Wants)"},"content":{"rendered":"<p style=\"text-align: center;\"><em>This is Part 1 of 3 of the<strong>\u00a0Money Mistakes Among Pinoy Series<\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/personal-finance\/money-mistakes-among-pinoy-needs-vs-wants\/26\/\">Part 1<\/a>\u00a0|\u00a0<a href=\"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/personal-finance\/29\/29\/\">Part 2<\/a>\u00a0|\u00a0<a href=\"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/personal-finance\/conservative-money-investing-financial-illetracy\/37\/\">Part 3<\/a><\/p>\n<p>We have shown in our previous post on <a href=\"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/e-mail\/learn-what-img-can-do-for-you\/24\/\">What Can IMG Do For You<\/a>, at this post I will let you\u00a0see some facts and Money mistakes of Pinoys in General.<\/p>\n<p><strong>One of the most problem of Pinoys is Overspending \/ Not Living Within One&#8217;s Means<\/strong><\/p>\n<p>We normally go to <strong>&#8220;SALE&#8221;<\/strong> or any other Promotion that is normally shown in the television, Billboards, newspapers, or even text messages. 0% Interest\u00a0Installments\u00a0is also a great Marketing Tool that leads people to unplanned expenditures.<\/p>\n<p>In reality most people spend on <strong>WANTS<\/strong> and <strong>not NEEDS<\/strong>.<\/p>\n<p>In short many becomes attached to &#8220;<strong>Materialism<\/strong>&#8221; without knowing it.<\/p>\n<p><strong>We need to spend more in NEEDS rather than wants,<\/strong><\/p>\n<p>I was also shocked to know that According to the survey by OSLO (NGO-micro finance in the PH)<\/p>\n<ul>\n<li>1 out of 10 OFWs FINANCIALLY BROKE<\/li>\n<li>8 out of 10 OFW&#8217;S DON&#8217;T HAVE SAVINGS FOR RETIREMENT<\/li>\n<\/ul>\n<p>This is really truly, previously I also don&#8217;t know about<strong> financial planning<\/strong> and I normally spend on tech gadgets and things that can only depreciate after some time. Learning<strong> Financial literacy<\/strong> help me to understand that it is better to invest that to buy things that is normally due to social peer pressure.<\/p>\n<p>Buyer should asked themselves that real purpose of buying material things..<\/p>\n<p>As an example, Buying an Ipad, Buying a new 3G Phones, and more..<\/p>\n<p><strong>WANTS<\/strong> are things we can live without and NEEDS are things we cannot live without.<\/p>\n<p>So the next thing you needs to ask yourself before buying, is <strong>Can I live without this?<\/strong><\/p>\n<p>More Filipinos are also having problem with Credit Mismanagement.. I will explain this on our next post.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is Part 1 of 3 of the\u00a0Money Mistakes Among Pinoy Series Part 1\u00a0|\u00a0Part 2\u00a0|\u00a0Part 3 We have shown in our previous post on What Can IMG Do For You, at this post I will let you\u00a0see some facts and &hellip; <a href=\"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/personal-finance\/money-mistakes-among-pinoy-needs-vs-wants\/26\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[8,103,6,7,5],"class_list":["post-26","post","type-post","status-publish","format-standard","hentry","category-personal-finance","tag-materialis","tag-money-mistake","tag-needs","tag-overspending","tag-wants"],"_links":{"self":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts\/26","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":6,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts\/26\/revisions"}],"predecessor-version":[{"id":45,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts\/26\/revisions\/45"}],"wp:attachment":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/media?parent=26"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/categories?post=26"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/tags?post=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}