My Two Cents on Financial Literacy
(Originally posted on April 5, 2014 in my Facebook page) One morning, as I hurried out to catch the early bus ride that usually beats the traffic in the Cubao area, my cellular phone sounded its usual text tone. A message appeared from an unknown source when I opened it. It said: "It is hard to come up with a wage just to pay off the debt that is left over." Perhaps a wrong sent item, but such is an enlightening message. It connotes that one wage-earner must not be overconfident of his / her regular pay, no matter how huge it would seem. As an earning individual, we have this tendency to avail of debt / loan, or buy stuffs especially cellphones on credit, or pawn our ATM card to afford some things at once. I was once doing the same until I learned financial discipline. Yes I now have reasonably huge monthly earnings. I can afford to buy 40 ”TV in one month, then iPhone 5, iPad or Samsung Galaxy tab in another. But I don't ... I can't ... I won't. I have my ...