Awhile ago, I attended the regular Wednesday meeting of our sponsoring Rotary Club of Cubao. We caught up the fellowship portion only as work schedule did not permit to be on time in their meeting proper.
The should be chit-chat talk only turned into a very productive and strategic discussion with the few good men left. The topic revolved around fund raising activities that should outweigh the presented annual calendar of activities and projected expenses.
Some of the interesting fund raising ideas were:
• Cost operation efficiency to save on expenses
• Coordinating with “Cooperatives” as selling outlets of our previous “products”
• Undergo “Cooperative” training and accreditation then later conduct series of trainings targeted to companies without cooperatives
• Hosting of Rotakids party
As a result of our spontaneous conversation, we will have a dedicated talk on “Rotaract and Business Strategies” come August. The talk will be a panel discussion type with one (1) main moderator and three (3) facilitators; all of which are our Rotarians.
One of the best advantage in Rotaract is you get to take a glimpse on how top executives and businessmen think out of the box, the idea of “selling” simple ideas into “marketable” packages.
What a productive and borderless exchange of ideas!
Showing posts with label Financial Management. Show all posts
Showing posts with label Financial Management. Show all posts
Wednesday, July 22, 2009
Saturday, June 13, 2009
Create Irregular Rotaract Expenses Account
As I mentioned, I have been studying personal financial management. The Rotaract abruptly fits in the picture.
The book is SIMPLIFY And Live the Good Life by Bo Sanchez. As I quote, “There are expenses that don’t come each month. ….Washing machine repairs attack you in the dead of night”. The truth is, I really don’t “project” how much I should save for Rotaract each month. The logic is, I really don’t how much will I personally allot for Rotaract at regular interval. Its just like strike anytime strategy.
However, as Bo said, “Part of your budgeting is figuring out what these irregular expenses are in your life and knowing how much they cost in total each year. Divide this by twelve, and that’s what you should set aside in another account called ‘Irregular Expenses’. Note: this isn’t your savings account!”
The concept opened a good solution in balancing our personal obligations while fulfilling our Rotaract passion.
When I tried this out, I should allot at least P500.00 to P1, 958.00 per month for upcoming Rotary Year! This is aside from my other “saving envelopes”. Gosh! Still, this is a good realization and start than not recognizing and solving at all.
The book is SIMPLIFY And Live the Good Life by Bo Sanchez. As I quote, “There are expenses that don’t come each month. ….Washing machine repairs attack you in the dead of night”. The truth is, I really don’t “project” how much I should save for Rotaract each month. The logic is, I really don’t how much will I personally allot for Rotaract at regular interval. Its just like strike anytime strategy.
However, as Bo said, “Part of your budgeting is figuring out what these irregular expenses are in your life and knowing how much they cost in total each year. Divide this by twelve, and that’s what you should set aside in another account called ‘Irregular Expenses’. Note: this isn’t your savings account!”
The concept opened a good solution in balancing our personal obligations while fulfilling our Rotaract passion.
When I tried this out, I should allot at least P500.00 to P1, 958.00 per month for upcoming Rotary Year! This is aside from my other “saving envelopes”. Gosh! Still, this is a good realization and start than not recognizing and solving at all.
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