This cycle is very common especially to Filipino Employees!
FIRST STAGE: Working everyday to gain the minimum or average income. Or commonly known as the “no work, no pay” system.
SECOND STAGE: And after receiving your income, you will automatically put atleast 1/2 of it to fixed expenses (rent,electric and water bills etc.) and buying things that are just wants and not needs.
THIRD STAGE: Stretching your budget, because it is not enough for your basic needs.
FOURTH STAGE: So therefore, you will have another debt to a friend or a loan to a bank.
FIFTH STAGE: Work harder to pay debts, loans and other expenses. (back to first stage)
** CHANGE MONEY HABIT, get out of this cycle, and do not be that rat that runs without a productive outcome.
