(This article was written exclusively for ABS-CBN by MoneyMax.ph, the leading online comparison portal for car insurance, credit cards, and other financial products. Find out more at MoneyMax.ph.)
MANILA - "When is it okay to use my savings?"
This is a question many of us ask ourselves when we look at our bank balance.
It’s an important question to think about when you make critical financial decisions.
It is also a challenging question to answer, no matter the amount you have saved up.
As financial guru Randell Tiongson said, “Money is a great tool, but not the end goal.”
Earning money lets you save, and as your savings grow, so too do the possibilities for you to use it.
Before you answer the question, it is important to remember what you originally intended it for. It is equally important to realize that your savings are finite, unless you constantly save to replenish it.
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