8 Realistic Money Resolutions That Every Millenial Can Do This 2018

8 Realistic Money Resolutions That Every Millenial Can Do This 2018

Making your money resolutions today?

Have you ever experienced FOMO with your life, so you justify your reckless spending habit with, “YOLO!”, but at the end of the day, when your bank account is cursing at you in 3 languages, you shed tears and mumble “FML…”?

(What’s up with all these abbreviations? My head hurts.)

Yo, fellow millennials! I know why you wanted to click on this article:

– You decided that “enough is enough”!

You want to get a better hold of your finances so you can achieve your lifelong dream of traveling to Paris, meeting Lee Min Ho accidentally in Seoul, or finally getting to see James Reid in person. 😀 

– You spent every salary you’ve earned in 2017, so when an emergency came up, like you needed to go to the emergency room due to chest pain, or when your car unexpectedly broke down in the middle of EDSA, you had a hard time looking for money.

You want to control your money not to let money control you.

– You consistently saved a large portion of your income ever since you started working five years ago.

You didn’t dine out that much, you didn’t buy clothes that much, heck, you didn’t even upgrade your mobile phone for the last 5 years because you wanted to save aggressively and retire early.

Kaso lang, when you checked the interest you gained in 5 years, kulang na kulang! Hindi sapat!

You want to invest and make your money work for you.

– You want to retire early and start working on doing the love you job.

To hell with nonstop EDSA traffic, 1-hour only lunch periods and office politics!

Ready to start managing your money realistically this 2018? Let’s go:

2018 money resolution

1. Prioritize 3 highly specific financial goals that you absolutely MUST achieve this 2018.

Look, saving a money without having a clear reason as to why you’re doing it, is like travelling to another country – without any idea which country you want to go to. 

“Bakit ka nagsasave?”

“Gusto ko magsave ng P_____ by Month 2018 kasi gusto ko tapusin na ang credit card debt ko,” will make you more motivated VS shrugging and saying “Trip ko lang…” 

Sure, it’s fun to be unpredictable sometimes, but being spontaneous with your money won’t help you pay the bills regularly.

And yes, I can make an article entitled “101 money resolutions you can achieve this 2018”, but that would just overwhelm you and discourage you to take action.

Let’s commit to achieving at least three money goals for 2018, okay?

Make these goals count.

Use your Starbucks planner! May planner ka na, may plano ka pa! 😀

2. List down your Monthly Survival Expenses (MSE).

There’s “monthly expenses” and then there’s “monthly survival expenses”.

When we say “monthly expenses”, it’s a generic term. It’s how much you spend every month. Galing ko mag-explain, no? 😀

But when we say MSE, it’s how the bare minimum that you’ll spend for basic needs:






Food – preferably cooked at home

Car Payment & Gas/Public Transportation

Once you have an idea as to how much you spend for your MSE, we can go over to the next resolution. 

Consider this a bonus resolution. 😉 

3. Save at least 1 month’s worth of your MSE.

You’ve heard the term “emergency fund” over and over again, haven’t you?

It’s worth 3-6 months of your expenses, so when you encounter an emergency, you’re not left with using your call-a-friend lifeline or call-a-loving-and-supportive-parent lifeline.

If you’re a millennial and you’re starting out your financial freedom journey, aiming for 1 month’s worth of your Monthly Survival Expenses is phenomenal.

Saving money is not a crash diet. It’s a lifestyle change that you need to do slowly but surely.

I’d rather have you commit to and succeed in achieving a realistic financial goal, than giving you an intimidating goal, setting yourself up for failure and making you feel bad.

If your MSE is P15,000/month, aim to have saved P15,000 by June 2018.

This gives you the piece of mind that if ever your job suddenly loses you, you can get by at least one month while looking for another one.

Of course, if you want more peace of mind, you can target 2 month’s worth of your MSE.

Save it, and never ever touch it – unless you lose your job!

“Never talaga, Lianne?”

Never! You’ll need this money to pay your bills for at least one month while you look for another job!

“I won’t touch it, even if Jay Park suddenly announces he’ll have his concert in Manila, Lianne?”

Jay Park’s abs won’t pay your bills!

No Jay Park picture here. Move along. 😀

4. Develop your 2nd source of income. 

It’s not financial freedom if you only have one source of income.

You can be a writer/editor/graphic artist at Upwork, do English tutoring online, or sell your homemade pastries to your close friends.

2018 money resolutions

You can also do what I do: here’s how I earn money online. 

Also, if you’re selling homemade pastries, please leave a comment below! There’s a very high possibility that I’ll order… 😀

5. Change one – just one!- money habit.

Do you buy bottled water every day?

That’s P7,200/year!

Bring a water tumbler and have it filled up for free instead.

Assuming your tumbler cost you P1,000, changing this habit will give you P6,200 already!  

Do you order a Tall hot beverage from Starbucks thrice a week?

That’s P21,600/year!

Order the Short size instead.

This will give you an additional savings of P1,440 that you can put in your MSE fund.

Or, just get your Starbucks fix twice a week na lang. 

Yes, you get less caffeine in your body, but your bank account will be hyperactive in growth: P7,200 savings!

Here are more ways you can save money on Starbucks. 

Do you dine out every weekend?

That’s an average of P24,000/year.

How about dining out twice a month instead?

If you do this, it’s P12,000 saved.

Would you rather have a bigger tummy or a bigger bank account?

What’s important with this resolution is it’s enabling you to enjoy your money and set aside funds for future, too. There’s no deprivation here. It’s all about controlling your consumption.

6. Adapt the “Mindful Money Mindset”.

Before spending your hard-earned money on anything, ask yourself this:

“How will this add value to my life?”

It doesn’t matter if that item is on sale or not.

Buying an item you don’t need – even if it’s 70% off – is still 100% reckless spending.

You don’t need another rose gold passport holder, Lianne. You only have one passport! 😀

7. Limit your time on social media: 1-2 hours daily only. 

Did you know that Filipinos who spend 2 hours or more browsing social networking sites such as Facebook or Instagram tend to spend less money than people who do?

I’m kidding: I just made that up.

But you believed it for a moment, didn’t you? :p

Here’s the real news, though – people who logged more Facebook time had more depressive symptoms.


Because you tend to compare yourself to those #blessed posts and #grateful pictures that you see your friends posting on Facebook/Instagram/Snapchat.

2018 money resolutions

And so you desperately spend money on different things just so you can feel happy again.

Your cousin got a brand new gadget? Off you go to the gadget shopping center to get your new toy – even if you didn’t really want it in the first place.

Your neighbor’s best friend’s taho vendor just earned P100,000 and bought himself a  pair of luxurious Dr. Martens shoes? Ha! Edi pupunta ka din at bibili. Sus, dalawang buwang sweldo mo lang naman yun. Kayang-kaya, you tell yourself.

Your boss is in Seoul right now; he’s enjoying Winter Dream experience there, so you feel bitter because your visa was denied. You then book an impulsive trip to Vietnam (even though it’s not part of your bucket list…) just to feel good.

See the pattern here?

If you do, you need to vow to spend a limited amount of time in Facebook/other social media platforms with #humblebrag hashtags.

Comparison is the thief of joy – and your wallet.

8. Start at least one investment account today. 

When you first started working, you told yourself you don’t want to work forever, so you want to invest.

Kaso lang, you started working 5 years ago.

But you haven’t started at least one investment account today.


Because of information overload and analysis paralysis.

Madami kang na-attendan na seminars. 

Madami kang nabasang mga libro. 

Madami kang nakausap na mga mentors/financial advisors/financial planners. 

But at the end of the day, you haven’t really started anything yet.

Just knowing about investment will not increase your self-worth.

Starting your own investment account will.

Let’s not complicate things:

– Want to invest and don’t have any dependents or debts?

Start your own mutual fund for as low as P5,000.

– Want to invest and make sure your family is financially protected whatever happens to you – at the same time?

Start a VUL account.

My OFW friends love it.  

My millenial friends love it.

I love it.

 – Want to invest and get protection – separately?

Buy Term and Invest the Difference. 

Just make sure the advisor you’re talking to can offer ALL types of life insurance. After all, if the “finance guru” can only offer term life insurance, are you sure you can get honest and unbiased advice from him.

Now, will you just SHARE this article, BOOKMARK it, and then forget it this 2018?

Or will you actually DO at least 3 of them? 

Which of these money resolutions is your favorite? 🙂

Please let me know in the comments below!



Live the life you love,


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