Saving money can be difficult with all of the household responsibilities, daily expenses, and, of course, shopping budgets — but it doesn’t have to be. Furthermore, we are still not completely free of COVID-19.
COVID-19 has made a significant difference in people’s financial situation. Many were able to lower their overall spending, raise credit scores, and invest for the long term.
Others, on the other hand, are still struggling and may have incurred numerous debts in order to make ends meet.
There are many tips that can help you save more for your family’s future, especially if you have children who need financial assistance with their education.
If you incorporate these simple and easy tips into your daily routine, you’ll notice that small changes add up and have a big impact on your finances.
Use Gmail to manage your finance and communication.
Almost everyone, if not all are using their Gmail Finance to help through the Google Workspace Learning Center. Google Workspace is a collection of cloud computing, productivity and collaboration tools, software and products developed and marketed by Google.
It consists of Gmail, Contacts, Calendar, Meet and Chat for communication; Currents for employee engagement; Drive for storage; and the Google Docs Editors suite for content creation. An Admin Panel is provided for managing users and services. You can learn more about Google Workspace here.
Track all of your expenses and income in a financial app.
There are numerous financial apps available that can help you save money and even double your earnings. One example is RCBC’s DiskarTech, which has enabled many ordinary Filipinos to save and earn additional income. The financial inclusion super app intends to expand its services by making personal loans more accessible to its active users.
Use a credit scoring tool to monitor my credit score and to get a better idea of your borrowing power potential.
M Lhuillier and other financial and lending institutions have been assisting Filipino families in realizing their dreams and meeting their immediate financial needs with Quick Cash Loans. With 3,000 M Lhuillier branches nationwide, the ML Quick Cash Loan is one of the most widely available and trusted money lending services in the country, offering the highest appraisal and lowest interest rates for your collateral items such as gold and diamond jewelry, gadgets, cameras, medical equipment, and others.
To meet the needs of the paMLyang Pilipino, M Lhuillier offers high appraisal rates and low interest rates with a fast, easy, and reliable system.
Create a budget and sticking to it, even when things get difficult.
With all of the current expenses, you must be very careful with your budget. You must carefully plan your budget and adhere to it. Plan your grocery shopping. Look for special offers. Understand your priorities. Using a calculator tool can assist you in understanding your spending and budgeting.
SavingsCalculator.org offers a number of calculators that cover topics such as CDs, savings goals, college savings, and retirement planning. You can also enter any currency unit into the site’s calculator.
SavingsCalculator is a useful website for budgeting and saving goals.
Save for a future goal and investing in products that are suitable for you.
While many Filipinos understand the importance of saving money for a rainy day, the term “investment” has always been shrouded in obscurity and mystery.
Because of the risks of losing money, many people are usually discouraged by the complexities of investment. GCash, the mobile wallet app, streamlines the entire investment process with its product, GInvest, to make investing more accessible and affordable to Filipinos.
GInvest is the world’s first digital investment platform, allowing Filipinos as young as 18 years old with a valid ID to explore investments and conveniently grow their wealth with a tap of their GCash app.
“We want people to learn how to invest and understand the benefits of investing their savings. With GInvest, they are able to put in as low as ₱50 and make it earn so they can use the returns to buy whatever they want,” said Martha Sazon, President and CEO of Mynt, the company behind GCash.
Do your best to live below your means.
Don’t overspend and only buy what you truly require. Do not purchase a new gadget simply because a new model has been released. Instead of splurging on fine dining, try exploring your neighborhood’s food canteens or the newest local fastfood. You don’t have to spend a lot of money to look good in front of others.
Use automatic bill payment tools to reduce the amount of stress associated with paying my bills on time.
Maya has been providing Filipinos with the convenience, security, and time-saving benefits of paying their fees and dues online. Maya is the Philippines’ only end-to-end digital payments ecosystem enabler, with platforms and services that span consumers, merchants, communities, and government. Through its consumer platforms, it gives over 41 million Filipinos access to financial services. Customers can pay, add money, cash out, or remit money through over 380,000 digital touchpoints across the country.
Pay and settle your bills through the Maya, the all-in-one digital bank app!
These are just simple and helpful tips that could help you earn and save money while reaching for your financial goals this 2023.
And there’s another thing that you should remember. Live debt-free and pay off loans as quickly as possible.