12/05/2026
Why you should pay in cash first and get out of consumer debt.
Our mind is wired with immediate gratification, that's the default settings of our brain, people buy things they want fast and easy through debt. Then sunddenly, they will notice baon na pala sila sa utang.
People overestimate their capability to handle debt.
"Kaya ko bayaran yan"
In reality?
They lack discipline.
Emotional spending ๐คท
With debt, you can buy your wants now. That's easy!
With cash, you have to save for it first. That's Discipline.
One sells your future time.
The other one puts you in a better financial future.
You can start rewiring your subconscious mind.
Build the habit of paying in cash first.
Build the habit of monitoring your expenses.
Build the habit of controlling your impulsiveness.
Once you build that discipline, you can slowly start using debt (credit card) to take advantage of the rewards.
Simple debt rules:
๐Monthly payments should not exceed 20% of your income
๐Always pay credit card in full
๐ฅNever treat your credit limit as your cash.
Good Afternoon ๐ฉต Hiraya Manawari
