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1% Saving Challenge: Can You Take It?

Pinoys love complicating simple things.

If you want to lose weight, you’ve got to count your calories and try the Paleo diet, Vegan diet, Budget-tarian diet, and many more. You need to try pole-dancing, yoga, Zumba, Pilates and any other form of exercise.

Forget about the simple concept of “eat less, exercise more”.

If you want to alleviate the traffic in EDSA, you have to separate the private lane from the bus lane, implement odd-even number coding, put up a zip line, or ask Superman for a ride.

Forget about the simple concept of “follow the darn rules.”

It’s the same thing with saving money.

If you want to save more money, you need to try “Frugal Money Tips”, count your centavos every day into a detailed spreadsheet, divide the amount of the item you want to buy by the amount you earn every hour at work and basically exert so much willpower and energy just so you can go and save money.

Forget about the simple concept of “pay the VIP (you) first and set up automatic fund transfers every month”.

How I Save Money: Priority Purchasing

If you’ve been a long-time follower of, you already know how I save money. If you want to do the same, just do this:

1. You get paid. Nice! ‘Wag ka muna punta sa sale, okay?

2. You put a certain percentage of your income and transfer it automatically:

– VULs via automatic bills payment;

– MFs and COL via funds transfer;
– UITFs automatically debited from your account.

3. You cut down all unnecessary expenses from your life.

4. Spend on things and experiences you love!

Why do I love this method?

Nakapag-save at invest ka na, okay? Di mo na kailangan mag-obsess masyado sa spending mo. You can actually enjoy your money today, guilt-free, because you’ve already set aside money for tomorrow!

Ilang percent ba dapat?

Starting this payday, save 1% of your take-home pay.

Kung hindi ka pa nakakastart magsave, save 1%.

Kung nagsasave ka na ng 5%, make it 6% this payday.

Saving one percent more could mean a huge difference.

Ayaw mo maniwala? 🙂

Let’s say you’re already saving 1% of your income.

What if you made it 2%? Here are the figures.

And what if you invested it in a managed fund which gives 8% annual average return?

Malaki din pala ang difference over the long run, right?

Take the 1% saving challenge today.

“Small things, done consistently, create major impact.” – David Allen

It may spell the difference between a constricting retirement or a comfortable lifestyle in the future. 🙂

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