How To Save Money From Salary Philippines
The alternatives are to save money or forgo the purchase. The middle class on the other hand earns an average of P36934 per monthThis translates to around P500000 per year.
The low income class meanwhile earns an average of P9061 per month or around P110000 per year.
How to save money from salary philippines. Rich people are indeed a rarity with rich families numbering only 20000 or 01 of the total 174 million families in the country. So rather than save your way to 1 million build your net worth through investing in real estate or starting a business said Todd Tresidder wealth coach at Financial Mentor. Cost of living is an important part of traveling so do plenty of research before you visit any country.
The Philippines is much cheaper than the United States Canada Australia or Europe and you can save a lot of money if you earn a decent living online or have a large retirementpension. For example if you want to start a business you might have to save money for years losing the value of your savings through inflation before you can start one. Lending is a service as borrowers get cash to spend immediately.
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