League of Young Financial Educators

Success will not happen overnight, you must work hard for it.

Learn, earn, and be part of LyFE.

Financial education is a must for youngsters.
- It helps them to become more responsible towards their spending habits and try to save money

Are you a millennial who doesn't know how to save money?




Reference: https://www.google.com/amp/s/m.economictimes.com/small-biz/money/importance-of-financial-literacy-amongst-youngsters/amp_articleshow/85655134.cms

What is Budgeting?

-Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

Reference: https://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting #:~:text=Budgeting%20is%20the%20process%20of,your%20expenses%20with%20your%20income.

Before you think of something big, invest on your personal growth.
Take one step at a time , read books and discover the mystery of it.

Is your paycheck just going to your bills and daily expenses?

Take action now and learn from us!
Become part of us and achieve your dream to become financially free.

Top 3 Costly Financial Planning Mistakes Made by Millennials

𝟏. 𝐀𝐭𝐭𝐞𝐦𝐩𝐭𝐢𝐧𝐠 𝐭𝐨 𝐠𝐞𝐭 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐆𝐫𝐚𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Kapag nagkaroon ka ng pera ngayon, kailangan gagastos ka agad. Kapag sale, bili agad kasi “deserve” mo naman. Kapag tumaas ang sweldo, tumataas din ang iyong monthly spending.

That’s what you call ”lifestyle creep”. And it’s not healthy.

How can you save money if you spend all of your earnings? If you want to spoil yourself, it's a better idea to set aside a significant portion of your earnings and spend the rest. Delay mo muna yang gift for yourself kung kaya pa naman! At kung ang bibilhin ay “want” lang, at hindi talaga “need” 😀

𝟐. 𝐋𝐢𝐬𝐭𝐞𝐧𝐢𝐧𝐠 𝐭𝐨 𝐔𝐧𝐪𝐮𝐚𝐥𝐢𝐟𝐢𝐞𝐝 𝐨𝐫 𝐂𝐨𝐧𝐟𝐥𝐢𝐜𝐭𝐢𝐧𝐠 𝐀𝐝𝐯𝐢𝐜𝐞

According to an international survey, 73% of people claimed they get advice from family and friends, while 30% said they got it from Reddit, TikTok, Instagram, and Facebook.

What's the issue with this strategy? Mahirap i-verify kung tama ba ang nalalamang advise from these influencers or people from the internet. Kaya naman, people in their 20s and 30s tend to be victims of fraud or scams.

Don’t make this mistake. Conduct your own research and be mindful of your sources. Huwag maniwala basta basta sa nababasa, nakikita, o napapanood! Uso pa naman ang fake news ngayon, diba? You may also consult with professionals talaga in the field of finance para sigurado!

𝟑. 𝐈𝐠𝐧𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥𝐬

Some of us tend to forget or ignore the basics of financial planning. Minsan, fast forward agad tayo kasi excited tayong makita ang resulta. We must not ignore the foundations, mga bestie.

Fundamentals of financial planning include: (a) paying off your debts first, (2) budgeting,, (3) diversifying your investment portfolio if you are already into investing.

Huwag kakalimutan ang mga ito upang mapigilan ang maraming pagkakamali sa financial planning 😊






Source: https://www.forbes.com/sites/forbesfinancecouncil/2021/11/02/three-costly-mistakes-millennials-make-with-financial-planning-and-how-to-avoid-them/?sh=512b8b19e2f9