im from phil. working in Dubai... i was always thinking of an idea of how can i save??? my salary is more than enough but i can't resist when my father and other family members ask for a help regarding financial prob. and after i knew it, nothing left for me.
2006-10-24 21:58:43 · 9 answers · asked by she 2 in Business & Finance ➔ Credit
This is a tough situation that I have found myself in way to often, It is very hard to say no to the people that you love especially when it's an "emergency" and it's hard to, in good conscience to be in a position to help a loved one and not do it.
Decide to help out only if it's life or death dire emergencies. You can try telling your family that you are saving up for something big and important like a house or something and act VERY enthusiastic about it and hopefully they will feel bad taking away from your goal. HOPEFULLY
Or you can decide how much you are going to save every paycheck and put that away in an account, IRA or 401K and when people ask you for money don't dip into those funds. If you can't help them without dipping into those funds tell then you don't have it because YOU don't, you need something saved for YOUR emergencies and unexpected expenses because your folks don't seem like they'll be able to help you out financially if something does pop up!
2006-10-24 23:10:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My relatives would possibly on no account ask somebody who made decrease than them for money, era. If I have been on your shoes, i might in simple terms chuckle and say some thing alongside the strains of, No thank you pop I also have a real could consume often times this week. later on once you're making greater you are able to say some thing like Oh you comprehend what sorry i quite want (a sparkling automobile, a trip, etc.) Lol, at last he will supply up asking. quite nevertheless i don't have as lots persistence as you, i may be heading off touch at this factor. completely.
2016-10-16 09:21:50 · answer #2 · answered by seelye 4 · 0⤊ 0⤋
try investing the money through direct deposit to companies like INGORANGE.COM it pays a high intrest rate for a savings account and it takes five days to draft the money out of the account so it would be a determinent to your family if they had to wait a loing time to get the money. if not ask them to sign promisory notes to pay back the money. tell them you can not afford it, just because you make good money and have enough left over so you are not living paycheck to paycheck you need so save for retirement act like it is your electric bill a very costly electric bill and always pay it first. always save at least ten percent of your paycheck to investing first you will soon have more than enough.
2006-10-25 01:21:09 · answer #3 · answered by dpc 2 · 0⤊ 0⤋
Arrange with your employer to set up a 401K account. That way, you would not have ready access to your savings without costing yourself upwards of a 30% penalty. That would remove temptation and provide you with a valid excuse to your family members as to why you cannot touch the funds.
2006-10-24 22:03:05 · answer #4 · answered by Candidus 6 · 1⤊ 0⤋
I believe you have answered your own question - you simply need to learn how to say NO!!! Enough is enough - go get a self help book on learning how to say no and a book on why you allow others to use you - maybe a self esteem book - I'm not trying to hurt your feelings but it could really help you
2006-10-24 22:03:28 · answer #5 · answered by kim 4 · 0⤊ 0⤋
start by getting your bank to put 10% into another savingsaccount automatically each pay date. You won'tsee the money, and you won't miss it, then you can tell your greedy relatives you don't have any more to give. Your family has begun expecting you to pay their bills, start telling them no. It is not your job to support people who refuse to work, or gamble their money away
2006-10-24 22:10:30 · answer #6 · answered by judy_r8 6 · 0⤊ 0⤋
You live in Dubai? That's good^^
Anyway, if you earn much money, why don't you help your family?
I earn little money but I sent a part of money to my mother.
Because I know she has sacrificed herself for me...
She has done everything for me....
I just want to help my mother.
Don't you feel same way?
I don't want to be offensive but just think about your mother.
2006-10-24 22:06:47 · answer #7 · answered by limelisa 2 · 0⤊ 0⤋
Develop your own investment and savings plan, and stick to it no matter what.
Remember, you count too.
Take care of Number One before everyone else.
2006-10-24 22:07:51 · answer #8 · answered by Anonymous · 0⤊ 0⤋
set up an investment that you cannot touch until a certain date
2006-10-24 22:04:36 · answer #9 · answered by bestfriendthemom 4 · 0⤊ 0⤋