Oh Seung-jae’s secret of managing money

- Please introduce yourself.

5 years of independence, 5 years of employment! I'm Oh Seung-jae from Employment unit. I am currently working at Sejong Law Firm and in charge of delivering important documents. I kept my job for 5 years, and at the same time I didn't forget to save money. In particular, I saved 40 million won(₩) as a result of my steady savings this year.

 

- Small but certain happiness with saving money.

I am saving little by little in my life without difficulty. Firstly, I save money on food by using a Taiwha Fountain House. Since I can have a hearty lunch at the Taiwha Fountain House, I don't need to eat dinner, and I can practice intermittent fasting for my health. As for clothing, working at Sejong Law Firm requires me to dress neatly, so I need to spend money to purchase clothes. However, after buying a few essential items with the assistance of the staff, there is no longer need to spend money on clothes.

For daily necessities, I save money by purchasing in bulk after comparing prices online. When it comes to groceries, I look for discounted items at large discount stores or take advantage of sale periods. Sometimes, I feel tempted to make impulsive purchases. However, to prevent this, I have established a designated shopping day with a weekly budget of approximately 15,000 won. On that day, I buy 1+1 spaghetti sauce and noodles and enjoy a delicious spaghetti meal.

I aim to use approximately 250,000 won per month, and currently, I am able to save around 400,000 won each month. I am also practicing the habit of dividing my bank accounts according to specific purposes such as travel, home appliances, family dinners, emergencies, and living expenses.

 

- Primary sources of income and the motivation to start saving.

My main source of income during the five years was basic living expenses and my salary. I worked hard to ensure a stable income, not only covering basic living expenses, but also earning a salary from my job. I always believe that planning for the future is important, so I started saving money for medical bills and housing costs. In addition to saving, I have also explored other financial options, such as purchasing insurance to cover unexpected expenses.

 

- The reaction of people around about saving money

My family knows that I have been saving diligently, and they congratulated me on my efforts. Additionally, my sister is interested in monitoring my expenses to ensure that I can maintain my independence successfully. Recently, she advised me to increase my living expenses and prioritize eating healthy food because she noticed that I felt guilty for being too frugal. (laughs)

 

- The final goal of Oh Seung-jae

If someone asks me, "What kind of life would bring me happiness?" I would like to answer, "I am already happy and satisfied with my life right now." The reason is that I am performing well in my work and my symptoms have stabilized. For me, money is something that alleviates hardship, so I intend to continue saving and pursue the life I desire. I wish all members of Taiwha Fountain House to lead their lives without facing significant challenges. Keep up the good work!