[TRENDING] What’s your money-saving style for 2018?

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With a new year to start anew, it is also the best time to iron out your finances. A popular new year’s resolution is to save money.
Facebook page Peso Sense has featured a few money-saving challenges that we could take ideas from. Read on for some inspiration:

 

 52-week challenge

 

PESO SENSE 52-WEEK IPON CHALLENGE 2018=======================================Mga ka-peso, gusto niyo bang…

Posted by PESO SENSE on Tuesday, November 7, 2017

 

This saving habit is one of the most popular ones. This is basically saving in peso increments weekly. For instance, you start with P100, the next week, you double it by setting aside P200. By third week, the amount has tripled.

 

Shade and save format

With this challenge, you don’t need a timeline on how to save money. You only have to complete the target number of coins and bills for the year.

 

IPON CHALLENGE 2018 (Shade and Save Format)No Ipon Schedule needed, ikaw ang magdedecide kung kailan ka maghuhulog sa…

Posted by PESO SENSE on Thursday, January 4, 2018

 

50 pesos challenge

 

Ka-Peso kaya natin si ate? Good job po! 👍

Posted by PESO SENSE on Monday, May 15, 2017

 
 

This challenge needs a bit of discipline. You have to treat your P50 bills as ‘invisible’ and set it aside whenever you come across it. Before you know it, you will be surprised with the dozens of P50 bills that you have.

 

Peso Sense offered other money-saving tips if you can’t choose among the challenges that suits you:
  • Think of your financial and material goals. Let it inspire you to achieve them.
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  • Put up an emergency fund for your unexpected expenses. You never know when you’ll need it.
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  • Don’t splurge too much money on food. Eating in excess is bad for your health, anyway. But treat yourself once in a while.
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  • Have other sources of income other than your salary. Put up a small business or look for part-time jobs.