Saving Tips
Filipinos like the idea of saving, but they always manage to forget every time they’re faced with spending issues and such. If you need to be reminded about your spending habits and saving schemes, below are 13 tips to get you started!

Read More: 5 Money-Saving Tips for OFWs

Turn off the lights.

And the fan. And the PC. And everything you don’t use whenever you’re not in the room. It’s something all our parents have told us to do and yet we still forget to do it every time. It may seem like such a hassle, but it’ll do wonders for your electricity bill. Unplug appliances, gadgets, and chargers when you’re not using them.

Limit your AC use.

Or if you can take the heat, don’t use it at all. You’ll be amazed how much you’ll be saving after just one month! If you want, turn it on for 2-3 hours and then turn on the fan afterwards. As much as possible, don’t set the fan to rotate because that consumes more electricity.

Or if you can take the heat, don’t use it at all. You’ll be amazed how much you’ll be saving after just one month! If you want, turn it on for 2-3 hours and then turn on the fan. As much as possible, don’t set the fan to rotate because that consumes more electricity.

Bring an umbrella.

You can save yourself from an unnecessary tan and paying for a taxi ride if you have an umbrella at hand.  It may be a bit of a hassle carrying a pointy payong, but think of each peso you save with each step you take.

Leave the house early.

Whether you’re going to work or a simple gimmick, you should leave the house early because of the commute you’d have to do. This will give you a whole lot of time to take long leisurely walks after riding the MRT or bus.

Shop at the market.

Avoid SM malls or grocery stores if you need to replenish your stock of food. Avoid going to 711 for emergency purchases. Market goods are cheaper and fresher anyway.

Teach your kids (or the people around you).

This is probably the best investment you could ever make if you educate your children or housemates about the importance of managing their personal finances. A group effort will always make everything easier, or at least, bearable.

Track your prepaid or postpaid spending.

If you’re not consuming your allotted consumable limit in your postpaid plan, you might be better off using a prepaid account—especially if you rely heavily on social media apps or WiFi. If you have a prepaid account but you keep spending too much on a regular basis, check mobile postpaid plans because you might be paying for the same amount or more.

Know your credit card.

If you’re a credit card holder, how many years have you had it? Have you been using your credit card to your benefit? If your credit card is the reason you’re often in debt, then you must not know how your credit card works. Remember that a credit card isn’t the easy way to getting everything you want. Learn to use it to your financial advantage.

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Apply for a personal loan.

If you’re paying for multiple loans, and you’re starting to drive yourself crazy from paying them all at once, getting a personal loan might be a great way to consolidate your debt. It works this way: you get a loan, and when you get approved, you pay off all your loans. Now you can concentrate on paying just one account. This way, you don’t have to deal with increasing and surprising rates from different accounts.

Don’t mistake stinginess for thriftiness.

Do you like frequenting tiangges for a clock or a bag that’s a Class A or B imitation of the branded one you really want? After buying these, how long do they actually last? If you find yourself replacing one cheap item from another, you might be wasting more rather than saving money from buying the original, costly one.

Ignore the need for brands.

Because you’re fooling yourself into thinking you need them. There are generic brands out there that don’t compromise the quality of the product. Stop thinking that you always have to get the best kind if it only means you’ll get it because of its name or the status it gives you. Always assess your needs. Are you buying something because you need it or only because you want it?

Enroll in online banking.

If you haven’t enrolled your ATMs or credit cards for online banking yet, you’re missing out. You’re wasting money on transportation fares, and basically time and energy, just to pay your bills when you can do it at home. Also, you don’t have to worry about remembering to pay your bills every month because you can have it done for you automatically. That’s not only being efficient but building an excellent credit history as well.


If you see something you like, whether it’s a pair of shoes, a broadband deal package, or a mobile phone plan—don’t buy it just because it looks good! Know ALL your options first before making a purchase. You’ll be surprised at how many offers there are to be found online. This way, you make your personal haggling with different stores and they don’t even know it.

Do you know why these tips are easy? Because you’ve heard some of these before! Now, it’s never too late to start practicing these tips again. Doing even just half on the list will do wonders for your personal finances. A few little adjustments in your lifestyle will surely pay off great in the long run.

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