Getting My Own Savings Account
Investments should be done when you still don’t have any responsibilities. NOW is the time to do so. I got mine when I was still in College and I still use it up to this day. I know banks in the Philippines give Junior Savings account if you’re 18 years old and below but I really pushed my way to get a real Savings Account (because the design seems more tolerable than the Junior one, heh heh RT much). Since I belong to the working class now, this is where I keep my savings especially from 52 week challenge; my own 8 week challenge and; 500 challenge.
- 52 week Challenge
This is an example of the 52 week challenge you can do on your own. You can settle with whatever is best comfortable with you. If you’re just starting on your work and your salary isn’t that high enough yet then you can just match it with just saving Php5.00 or Php10.00/ week. Just don’t forget to set it aside every week. 🙂
- 8 week Challenge
For this, I am saving 250/cut-off because I’m saving up to open a COL Financial account for Stocks. I want to start investing as early as today so I will have ample time to save up for my future. You can also set aside a portion of your Salary or Monthly allowance for something you want to buy or invest in beside the 52 week challenge.
- 500 Challenge
I also set aside Php500.00 every pay day for my investments in the future e.g. a house, or a car, or another degree. I just see to it that I save something for myself for future use.
I try to save as much as I can especially this time of my life because this is really the perfect time to save up so your future self and family won’t suffer. You will always be financially independent – never worrying for the future of your family or never limiting yourself in helping others as much as you want to because you have the resources.
PS. Don’t starve yourself in saving, just take what blessing is enough for you. Bes, di lahat sa’yo. Char-mander. Also, don’t stress yourself up – choose whatever plan you’re best comfortable in doing. Just enjoy the fulfillment of saving. 🙂