12 Most Common Excuses All-year-round (January to December) What to say if a financial advisor is around?
Are you hiding from your friend from Manulife, Philam Life, Sun Life, Insular life, etc..? Are you being approached by these people quite regularly? Are you getting irritated?
If you are running out of excuses, You need to read this.
I have gathered the most common excuses for all time and reading this will save you from further using your Gray Matter.
The Calendar of Excuses!
January: Naku it’s after Christmas season, you know, I had so many expenses last month, I even have debts on the credit
cards. Let me have a breather and pay them first. Then I will call you after I have finished paying all my outstanding dues“
Febuary: “It’s Valentines season, my husband and I are planning to go to Singapore for our second honeymoon, maybe next time. I’m really, really excited! I hope you understand!”
March: “Mare,I have to pay the remaining tuition fee so that my child can take the test and graduate in Grade School. Malapit na sya matapos, promise pagtapos nya!”
April: “it’s summer! The whole family is planning to go to Boracay for a 5 days vacation. It’s our most awaited trip of the year!”
May: “Enrollment time. You must understand how expensive it is to have 3 kids in school.”
June: “We have to buy so many things for the kids. Bags, books, notebooks, pens, pencils and lunch.”
July: “Naku, our house was flooded twice this month, we need to replace the sofa.”
August: “Ghost Month. They say it’s bad luck to invest this month.”
September: “I always wanted an SLR camera, sale sya sa mall, sayang naman. We are buying it this month.”
October: “Sembreak! We are going to Batangas for a beach with the kids and the whole family. Wanna join us?”
November: “Enrollment time again for my kids. Next month, I will have extra money because of the 13th month pay!”
December: “Christmas time and New Year time. Alam mo na!”
There you go! Well, possibly, some of the excuses above might be logical and true, but my point here is, you will never run out of excuses. You can always procrastinate. Filipinos are fond of that. “Bukas na lang! Tsaka na! If madagdagan sweldo ko.”
There could only be ONE problem, PROCRASTINATION could be very expensive. Take a look at the graph below.
The graph above shows saving of only 40,000 a year or 3,333 a month or 111 pesos a day or one Starbucks brewed coffee a day.
If you delay for a year and used the excuses above, and a difference of 40,000 extra investments it will cost you almost 700,000 pesos. After 4 years of procrastination (difference of only 160,000) can cost you 2.4 M.
Still not convinced? Let me do it every 10 years of excuses:
The difference between saving at 25 and at 35 is 12.2 M pesos.
Always remember, you will never ever run out of excuses. At the end of the day, it will be YOUR future that we are talking about NOT your financial advisor’s future. She is even doing you a favor in educating you. How many times I have heard, “sana dati ko pa nalaman to.” (how I wish this was told to me earlier).
Saving and investing is a decision. There will be many excuses you can come up with your own, but once you will be firm in your decision, no measure of excuse is worthy enough to endanger your future. So you decide and act now.
Maybe it’s time to listen to what your financial advisor has to say.