The easiest way to save money

If anyone asks me, what's the easiest way to save money, i would say, it's to automate savings and investment! It's a money saving hack everyone with a payroll account should do.

Based on my experience, i'm just too lazy to keep a separate account for my savings. What i did back then was to manually deposit my saving to a separate bank account (with a different bank, i should add) with a passbook. I used a passbook account separate from my payroll ATM because I simply don't trust myself not to touch what remains in my atm account.

However doing the actual task of  depositing every payday seemed tedious. The bank is literally steps away from my office, yet i'm  too lazy to go there in person to deposit my fund. Sometimes the lines at the teller are just too long or i just can't spare a few minutes because i'm way too busy at work. (Yes, i know, there are too many excuses.)

Then i tried opening a separate savings account which i can access via online banking.

Yes, at first, it worked because i no longer have to personally go to the bank to deposit. But i just find it too hard to just leave the money there especially at "petsa de peligro" days - those few days just before the next paycheck, if you know what I mean.

I tried to discipline myself and be responsible, but it was just too easy to transfer money from my designated savings account to my payroll  via online.

This left me  with zilch amount of savings by the end of the month!

So i thought of some other way for me to easily tuck away my money and yet  it would take an effort  to withdraw.

In comes the "hidden" wonders of automatic banking.

Image from consumerfinance.gov

Did you know that some banks allow you to "automatically" save and  directly invest a portion of your salary regularly?

Money Wisdom from my Mother

Kung maigsi ang kumot, matutong mamaluktot. As kids, this was our family's mantra. Yeah, we were not born rich and we had our share of "poverty" moments but i am amazed at how my mother worked her magic and stretched our family budget.  I used to hate how "kuripot" my mother was. But having a kuripot mom, well money wise, i'd say now, put me and my two others sibling through college, so i'm so thankful for that now.

I really to hope to be like my mom and be able to support my son until he graduates. In our country, it is in deed a feat to put through a child through college but the hubby and i are doing our very best to go on our way just to give our son the best.