Moneyfest— Paano mag-budget bilang isang breadwinner? | Unang Hirit
Aired (January 16, 2024): BREADWINNER KA RIN BA? PAANO BA MAKAKAPAG-IPON?
Bilang isang breadwinner, minsan wala nang natitira para sa kanilang sarili. Paano ba mag-budget kung isa kang breadwinner? Alamin ‘yan kasama ang financial expert na si Guen Salmorin. Panoorin ang video.
Bilang isang breadwinner, minsan wala nang natitira para sa kanilang sarili. Paano ba mag-budget kung isa kang breadwinner? Alamin ‘yan kasama ang financial expert na si Guen Salmorin. Panoorin ang video.
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00:00 We Filipinos are family-centered, right?
00:03 So sometimes, even if we don't have anything left,
00:06 as long as we have a family, it's solved.
00:08 That's right, Madam Lyn.
00:10 We always talk about different money talks and money problems here at...
00:16 Money Fest!
00:18 The song is right!
00:20 This is very important to our beloved Breadwinners.
00:24 Is this how you all enjoy?
00:26 Here.
00:27 Pecha always comes to my house to take a bath.
00:37 He needs to eat for 7 days.
00:42 He needs to eat for 5 days.
00:45 I don't know if I can do this.
00:54 Hi Kuya!
00:56 Kuya, maybe you have extra money.
00:58 You gave me less last time.
01:01 What if we have a lot of projects?
01:03 Okay, Kuya. Please!
01:05 There! Payday!
01:12 Later, let's eat together.
01:14 Yes, it's our payday so let's reserve this.
01:17 What's his name?
01:18 G.
01:19 C.
01:20 I'll take you home.
01:22 Bye!
01:24 I'll take you home.
01:26 Hello, son!
01:31 Are you on your period?
01:33 Maybe you can add a little bit so we can buy your father some medicine.
01:41 I'm sorry, son.
01:49 My blood, my work, and my money.
01:54 I'm going to be a pauper again.
01:56 I know you don't want to be a burden.
02:07 Sometimes, it's hard to survive.
02:09 I can't do this anymore.
02:11 I can't do what I want for myself.
02:15 I can't save money and I'm a breadwinner.
02:19 I thought you were going to cry.
02:21 I shot it right away.
02:23 We're going to have a drama effect here.
02:25 This is a manifesting for our breadwinners who can help their families
02:30 and at the same time, they won't let themselves go.
02:33 That is true.
02:34 It's very important.
02:35 We have a lot of hardworking Filipinos.
02:37 They work so hard for their families and sometimes they tend to forget themselves.
02:40 Yes, there are OFWs with them.
02:42 They send them but they don't have anything to give them.
02:44 But how can you manage the help?
02:48 How can you budget if you're a breadwinner?
02:50 We have a breadwinner and financial expert, Gwen Salmorin.
02:55 Good morning, Gwen!
02:56 Good morning, Madam Gwen!
02:57 Good morning, Mateo and Lin!
02:59 How are you?
03:00 I'm good.
03:01 Very excited for today to add value to our breadwinners watching.
03:05 That's right, Gwen.
03:06 You're a breadwinner yourself.
03:07 That's why you chose this content on social media.
03:10 Yes, proud to be a breadwinner.
03:13 Proud to be a breadwinner.
03:15 So you learned through your experience or course?
03:18 Through experience.
03:19 Through experience.
03:20 This is Gwen.
03:21 We're watching Sean.
03:22 Sean was on our PTR earlier.
03:24 Good job, Sean!
03:25 Good job, by the way, Sean.
03:26 MFF awarding.
03:27 You're the best actor right there.
03:29 Well, he doesn't have an allowance anymore but his brother asked for it.
03:34 That's why he's sending money, right?
03:36 Is there a way to manage the help to the family?
03:41 How do you manage that gap of helping your family and not forgetting about yourself?
03:46 Yes.
03:47 Actually, that's the biggest challenge for the breadwinners that I coach.
03:51 Because they need to find balance between themselves and their families.
03:57 And it's hard because breadwinners are usually raised that after you're done,
04:03 you're the one who will provide for the family.
04:05 That's true.
04:06 And correct me if I'm wrong, there's a lot of guilt instilled.
04:09 Yes, there's a lot of guilt.
04:11 And what happens is that the breadwinners' superhero mentality is formed.
04:16 So I should save them all first before me.
04:19 But then, to my breadwinners, I'm only saying that you guys also have your own dreams,
04:25 your own goals, so you shouldn't forget that.
04:28 And you should also have funds for yourself like emergency fund,
04:33 which should be 3 to 6 months of your income and also other funds for your future self.
04:38 So an emergency fund of 3 to 6 months of your income.
04:41 Yes.
04:42 Keep that aside.
04:43 Yes.
04:44 You should save for yourself.
04:46 But is it really possible to save for yourself?
04:50 Is it possible?
04:51 Yes, there are still ways for you to be able to save.
04:55 Usually, the big chunk of expenses for the breadwinners that I coach will be coming from food,
05:01 transportation, clothing.
05:03 So for food, for example, if you eat out every day,
05:07 you can spend money on cooking.
05:10 I personally meal prep for the week.
05:13 And it's even healthier.
05:14 Yes.
05:15 And it's much cheaper.
05:17 Yes.
05:18 And you can save time because you just eat and it's already hot.
05:22 And then, what else?
05:23 Transportation, if you're used to grab, you can do MRT or…
05:27 Or go to the gym.
05:28 Go to the gym first.
05:29 Or go to the tricycle.
05:30 And then lastly, clothing.
05:31 So if you can still wear it, you can buy it after 13 months.
05:37 So those are the things that you can do.
05:39 A more minimalistic, economic, simpler lifestyle.
05:43 Yes.
05:44 But I would also like to add that for breadwinners, our big difference is we can just limit our expenses up to a certain point.
05:50 So my best advice would always be to increase your income.
05:54 Increase your income.
05:55 But again, it's easier said than done.
05:58 Yes.
05:59 Especially if you're an employee.
06:01 Yes.
06:02 How?
06:03 Yeah, how?
06:04 So for like me, I've been a financial coach for years now.
06:08 So those are the side hustles that I started before.
06:11 And now, it's also one of my main source of income.
06:14 So my advice would be to find your skill, your talent, what God has given you.
06:20 And use it for the extra time that you have after work or weekends.
06:25 So it's really a hustle, but it's really possible.
06:28 Okay, I have a question for you, Gwen.
06:30 For example, our salary is Php 16,000 a month.
06:33 How can we budget that Php 16,000 so that you can still help your family and all their expenses,
06:39 and of course, save and spend for yourself with Php 6,000 a month.
06:43 Php 16,000.
06:44 So does it have a percentage?
06:47 20% for you, 30% for me.
06:49 Is that the percentage?
06:50 Yes, it has.
06:51 So I will teach you the budgeting method that allows you to be able to help your family, but also help yourself.
06:57 So before you teach us, let's go on the board so that we can understand more visually.
07:04 Sometimes you have to be visual.
07:05 So let's show them how.
07:09 Okay let's do this.
07:10 Let me go over here.
07:11 So let's say, this is our pie chart and this is our income.
07:16 So the budgeting rule that I'm going to teach is called 55-5, 10-10, 10-10.
07:24 Rule.
07:25 Okay so that is the budgeting method that will allow you to take care of yourself and your
07:31 family.
07:32 So let's say 55%, this is our expenses.
07:37 Telephone, water, electricity.
07:42 And then 5%, it will go for gifts.
07:46 If you're the type of person who loves to help other people.
07:49 Because I believe that you should also help other people.
07:52 And then 10%, okay, 10% will be going to your emergency fund.
08:00 So that's what we mentioned earlier that you should save in case of emergency.
08:04 So the emergency fund is 3-6 months of savings to just put aside.
08:10 And then another 10%, this is for your financial freedom fund.
08:15 Because one of the challenges of being a breadwinner is that you're also passing the breadwinner
08:20 to the next generation.
08:22 So we need to stop it and that is going to your financial freedom fund.
08:26 That's very important what you said, we need to stop it.
08:28 There has to be a stop.
08:31 And that is what I'm teaching the breadwinners that I coach.
08:34 The sandwich generation should stop with you.
08:38 And then 10%, this is for your educational fund.
08:42 So yes, that's important that you grow, personal growth.
08:47 And then last 10% is for your play fund.
08:50 This is for you to manage your salary, shopping, travel.
08:55 This is for you.
08:56 This is for any, you can eat out for one night, one month.
09:01 And then, how about your family?
09:03 Your family should be included here.
09:06 55%, okay.
09:07 20%, 10-20% is the healthy range.
09:12 And then another is 5% for your insurance.
09:16 Breadwinners need to have insurance for us to help other people.
09:20 Follow my Instagram for the best insurance.
09:22 I was about to point it out.
09:24 But this is very important, Gwen.
09:26 Very, very important.
09:27 And for all of us, the women, and I will take a screenshot of this
09:30 because this is actually very important.
09:32 A lot of women need to infuse this in themselves.
09:36 And stopping the breadwinner mentality.
09:40 Yes, because you don't want to pass the burden to your child.
09:43 Yes, because she's still pregnant.
09:45 She already has a debt.
09:47 Thank you, Gwen.
09:48 Yes, thank you to our financial expert, Gwen Salmorin.
09:53 Thank you so much.
09:54 For more money talks and talking about money problems,
09:57 let's talk about it here at Money Fest.
10:01 Thank you.
10:02 [end]