Financial Mistake of a Filipino

What financial mistakes do you think Filipinos that lead to a lot of hardship in our country?

Hi leean 
i think being overspending on unnecessary items is a simple but common financial mistake among Filipinos and also the over generosity of a Filipino, sometimes they forgot to think about their budget before they gave .

Being magastos or spend to much in everything is the problem of most Filipino. They want a extravagant occasion or sometimes to everything they buy. They want to be in as always. 

 I think being too generous is one of the financial mistake of a Filipino. They want to give more and more, ending no savings.

Too many fiestas, to big celebrations for birthdays, getting tricked into MLM scams, bad financial decisions like buying a car with too low income, downplay motorbike over 3 years, paying double the value.

All you need to do in the Ph to succeed is to work smarter and harder, learn how to care for your finances and you will win, since so many people here just don't even try.

In Norway, we could never afford that many celebrations a year. We take our hard-earned money, reinvest and make our money grow. We do not waste them on celebrations all the time.

Sad facts, but it is how it is.