The global financial crisis has definitely made an impact on people’s spending habits. During these tough times, how can Filipinos make sure that every peso is well-spent?
According to Alvin Tabanag, a registered financial planner and author of the book “12 Steps to Build Wealth on any Income,” there are four questions one must ask when purchasing an item:
1. Do I really need this item?
2. Can I afford to pay it in cash even if I don’t charge it?
3. Do I really have something that serves the same purpose?
4. Have I found the best value for the item?