Financial issues are a reality in every Filipino household. Our desire to give back and provide a comfortable life to our loved ones has always been a struggle. It is just not in our nature to work only for oneself. This can be traced back to our family-oriented nature and our close family ties. Such traditional values create a sense of filial duty among breadwinners to provide for their families. Unlike in other countries where a person can choose to live away from his family upon turning 18, extremely close Filipino family relationships tend to remain intact for most of their lives.
On one hand, such family-oriented natures can serve as motivation for one to work really hard and go to great lengths to earn enough money to cover their family’s needs; on the other hand, letting oneself put the needs of everyone else before their own can be draining. This is not to say that we should just abandon familial responsibilities entirely. but we have to recognize the fact that some Filipinos end up spreading themselves too thin trying to provide for everyone. We do have our own personal aspirations as well, but how are you going to balance between your own needs and your responsibilities?
Giving back and providing for loved ones is admirable, but without proper planning and a sound strategy, defeat is a certainty. Fortunately, many financial experts have a sound game plan, and it is not impossible for breadwinners to be financially independent. In fact, if you tread carefully and take advantage of every life stage and milestone, success will surely come.