Comments on: Only 1 out of 10 Filipinos save up for retirement http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/ Financial freedom and other money matters Mon, 12 May 2008 22:27:13 +0000 http://wordpress.org/?v=2.3.2 By: Celine http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-39 Celine Tue, 04 Mar 2008 03:31:00 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-39 You're right, and the sad thing is it doesn't have to be that way. I'm all for enjoying today. Today is nice. It might be all we have. However, most people live past retirement age. What do they do for income then? There should always be some kind of balance. Also, there are just so many down sides to invoking close family ties/friends when it comes to being in financial need that I don't think it's worth it. Some of them: 1) You'll always have that "utang na loob" for them, and they can also invoke it whenever they want, even if you're not comfortable with it or you feel it's unethical. 2) Whether you admit it or not, you feel embarrassed that you have to ask another person for money. 3) It adds another, often unwanted, layer to your relationship with that person. Friends and relatives can have irreparable strains because of money. I've seen far too many scenarios like this to conclude that it's just not worth it. Hmm... gawin ko na lang blog post yung topic na yan. Thanks! :) You’re right, and the sad thing is it doesn’t have to be that way.

I’m all for enjoying today. Today is nice. It might be all we have. However, most people live past retirement age. What do they do for income then? There should always be some kind of balance.

Also, there are just so many down sides to invoking close family ties/friends when it comes to being in financial need that I don’t think it’s worth it. Some of them:

1) You’ll always have that “utang na loob” for them, and they can also invoke it whenever they want, even if you’re not comfortable with it or you feel it’s unethical.

2) Whether you admit it or not, you feel embarrassed that you have to ask another person for money.

3) It adds another, often unwanted, layer to your relationship with that person. Friends and relatives can have irreparable strains because of money. I’ve seen far too many scenarios like this to conclude that it’s just not worth it.

Hmm… gawin ko na lang blog post yung topic na yan. Thanks! :)

]]> By: Kurt http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-38 Kurt Tue, 04 Mar 2008 01:52:39 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-38 i guess for most people living on a hand to mouth existence answering today's needs is far more important than tomorrow's. besides people will always invoke the close family ties thing whenever they're in need. hehe :P i guess for most people living on a hand to mouth existence answering today’s needs is far more important than tomorrow’s. besides people will always invoke the close family ties thing whenever they’re in need. hehe :P

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