The Unwish List

One of my money saving trick is making an Unwish List. Basically, the Unwish List is the exact opposite of a Wish List. The Unwish List is a list of things I will not buy… yet.

Not spending is the sure way to save. But everywhere you go and look encourages you to spend. I even think that the very idea of having a Wish List is just a marketing ploy to get people to spend their money.

I have kept an Unwish List since 2015. Some of the items listed in 2015 remain in the list until today. I have never bought it yet. It can be attractive like a new gadget or something useful like a home appliance. But past experiences taught me to delay spending and wait for more reasons to finally buy it.

My Unwish List has helped me save money. Just the simple task of listing them down and making an estimate of how much I need to save to buy all of them is enough to discourage me from buying an item on my Unwish List.

For example, at one time I had a GoPro, a drone, a pocket projector, an airfryer, a Bose portable speaker and an upgraded mirrorless camera in my Unwish List. All in all, I could have spent more than 200,000 had I brought them right away.

Years later, I eventually I bought a GoPro Hero 5 and a cheaper portable speaker.

I really would love to own a drone but I still consider it as an added burden when I travel. The pocket projector is still unjustifiable. My 2 year old camera still works just fine so I dont need an upgrade yet. And I am not convinced of the benefits of an airfryer yet.

What I saved from my Unwished List is spent on travel. So I wonder if I am really saving money after all. Hehehe…

What should I do with my US Dollars in 2013?

The Philippine Peso is showing strong signs over the US Dollar.  Some analysts predicts that the  Peso-Dollar exchange rate will breach the 40 PHP to 1 USD in 2013.  While the government has a conservative peso forecast of 42-45 Php in 2013, DBS and Bank of America sees it to close up to 39.30 by the end of the year.

Continue reading “What should I do with my US Dollars in 2013?”