Gambler wrote...
How do you spend your monthly salary or allowance? This idea came to my head because my payday is approaching.
*sigh* I'm not a really good saver.
I earn a fairly high salary considering I'm just approaching 3 years of work experience. I spent three years scrimping on a predetermined salary rate from my agency (I'm an IT contractual worker) just for work experience and be assigned to a top telecom company. Back then, I had a hard time making ends meet since it was kind of a salary that is not too high to allow me for indulgences, but not too low to deprive me of small vices like manga.
My salary savings for three years ended up being used by me for various things - I managed to buy my own shoes (three leather and two rubber and one sneaker), my own sports clothes and balls, bags, office clothes, my netbook, my mp3 players, 93 manga volumes, Christmas money, monthly groceries, helping to fund my sisters' tuition and allowances, and the like. I'd like to think I should have saved some money off those three years but thinking more of it I couldn't have these bags or shoes or t-shirts if they stayed in money form at my savings account. And my sisters are doing good at school, so I feel a bit of happiness that most of it went to a very good cause.
... and 93 manga volumes. So much for small vices :3
But I just got a pay raise from my agency a month ago. Essentially increased my salary by more than double the original, since my job title was promoted to a "IT consultant".
So I decided to split my pay into three. First cut would go directly to a savings account, second would be for family-related expenses, and third (adding to it the 1% remaining off 100/3) would be for my personal expenses such as travel and vices. I thought I had it all planned out.
When September started, I came back to my notepad, counting how much is left and what I can finally deposit into my savings account. Turns out I misappropriated some of the money due to my own carelessness. It was the rainy season and I had extreme difficulty at travel so I started using taxis more frequently than usual, which helped drain a huge amount from my travel money. I also ran amok on buying manga, since I saw a Fully Booked branch that past month and saw their huge rack section for manga and it had a lot of series with Volume 1's and Tokyopop volumes on them, I lost control buying a boatload of manga that day. Other family expenses also occurred that month simultaneously, so I was left with less money to start a new savings account.
I realized I have to be strict now with my budget. Well, it's a start - I learned that salary increases are a doozy for a newbie like me. Spending beyond my means will doom me, and I have to shape up quick. And I'll have to talk with my family about my expenses with them - I don't want to turn into a human blank check. I'll note which expenses I have to shoulder and which ones I won't.
Learning, learning. Still on the school of hard knocks, I suppose :)