While bored on the bus today, I checked my Facebook and found this bit of info shared by PEBA (Pinoy Expats/OFW Blog Awards)...
I was horrified!
Only 25% of Filipinos have a bank deposit account?
... Please tell me this is based on a survey among Filipinos aged 0-20 years old!
43.8% spend more than what they earn?
... No wonder Philippines has some of the largest malls in the world! Business men are preying on the Filipinos' weakness, I see.
An average of P200 for emergency savings?
... Gush, this is just enough for a taxi fare to the hospital!
7 in 10 own their home?
... Now, even a 5-kg weight won't stop my left eyebrow from instantly raising at this one. Is this really based on legal papers and TCTs? Because I do know squatters are very prevalent in the archipelago.
My first, rather snobbish, reaction was: "No wonder everyone's complaining about hardship in the country! If 43.8% of the people are overspending, they surely cannot blame the government for their hardship, but rather, blame themselves for not budgeting their money wisely."
Then, of course, I begin to think about those people who really do not have much choice but to overspend, because no matter how hard they scrimp, their daily earnings are just not enough even to buy food for the family. My heart started to feel some compassion for them and I think, "Maybe they are the exemption."
But then again, my narrow-minded side argued, "Well, if they know very well that their daily income is not enough for their basic needs, they should consider getting additional part time or freelance jobs to have an additional income and have enough for what their family need. This is not the olden days where the only choice you have is to wait for your boss to give you money. This is the 21st century, where you can sign up for free as an Avon dealer, sell cellphone load, use your Facebook account to sell clothes, shoes, etc., among a million or so other ways you can earn extra money."
Let me breathe for a while....
With a saner mind now, thanks to a satisfactory breakfast of gourmet sandwich and a cup of hot chocolate, I'd say, yes, there may be some people who, for some unfortunate and dramatic reasons, are exempted from these criticisms. But I do not believe that does not apply to all of that 43.8%... not even to a big part of it. In my mind, I see flashbacks of stories from "The Millionaire Next Door", how many people try to keep up with those they believe to be rich, stylish, and cool.
Does a pair of brand new Louis Vuitton bag make you more beautiful or give you better opportunities than a hande-me-down Cose bag?
(Make you more attractive to thieves and beggars, more likely.)
Does a multi-million dollar wedding make your marriage last longer than, say, a $1,000 wedding?
(Yup, I'm actually sarcastically comparing the Kim Kardashian-Kris Humphries wedding to a rough estimate of the monetary cost of my parents' wedding, proudly noting that my parents had just celebrated their 45th wedding anniversary a few weeks ago.)
When will we ever stop saying "Bahala na"? When will we stop acting like losers and instead of declaring "There's nothing I can do about it", ask "How can I make it happen?"
We can make it happen if we really want to... and if we stop whining and do something about it.
I could have frowned all day and locked myself inside my room for several months after college when my parents stopped giving me allowance and gave me only the P1,000 monthly interest of my savings that my wise mum had invested somewhere. Or I could have gone to my bachelor uncle and begged for money every now and then. Or I could have borrowed money from friends so I could comfortably continue working as an unpaid apprentice.
But I managed to spend below my monthly income. I sold Avon products and also signed up to sell Boardwalk products. I figured out how to make "Peanut Kisses" (yes, the famous specialty of Bohol), bought my ingredients from the market, and made some, which I consigned at my friend's retail store. I brought packed lunch and snacks everyday, so that, if possible, will only have to spend for my fares and nothing else. In the afternoons, I'd often walk so I could save an extra amount. I always found free entertainment (movies and hanging out with friends) to keep me excited and indulge my fun-loving side. I got free hair trim and treament (several times in those months!) from students in a beauty school who needed models in their class. I made and followed a tight budget and survived those months without complaint, until I was able to get a paid job.
P1,000 a month, a double-ride to my apprenticeship 5 days a week, and I still managed to spend less than what I earned.
Have you done the like? Or are you included in the 43.8%?