Saving and Banking

We all save money for that little something or big dream that we have. We work and earn money and we often time deposit our money in banks that we trust or already had an account with. Sometimes, to effectively save money, we create two bank accounts so that we can only use the other one for our needs and wants and the other to really save it up for emergencies or planned trip.

For kids, they strive to be thrifty to be able to save up money for their toys and other stuff. During summer, since there is no school to go to (and I am already a graduate) my parents won’t give me money unless it is really important.

How am I still getting money? My grandparents would often give me some bills that they have in spare and sometimes I wonder why they are giving it to me. Well, I would always say “Thank You” to them and continue to deliver food to them every day when we cook for lunch and dinner. And since they are giving me a random amount of money, I think I collected about a thousand with just a month, which is pretty good for me since I don’t have any source of income outside the internet.

I usually do the shopping every week and since my parents would always give me some allowance than the expected amount of the items I am going to buy, and after I shop, I usually end up having spare coins in my pockets and my parents won’t mind if I take it or not. But sometimes, they would make me use those coins to buy something that lacks in the kitchen so I always cross my fingers that after that shopping, they won’t find something that is missing at the kitchen and I can’t save up money for the thing that I want the most.

So, how do I end up saving and not spending the money that was given to me? When my money reached a hundred peso, I immediately put it into my bank account and removes the fact that I have money to my system so that I could effectively and efficiently save money for some short or long term use. When I do this, I end up shocked every time I am going to see my email for some notification that I have still money in my bank account. And I really rarely check my emails.

Sometimes, it can be really hard to save up money when there is this temptation to spend on things that could not be used again. It comes down on the discipline you put in yourself to avoid the temptation of spending money on things that you would not use or could be easily be broken or exhausted.



My last say is, saving in banks could be useful, but there are more things that you could with your money if you really want to earn money. We call it investing. I also have a plan to invest on stock market but for now, my main objective is to save money and put them into banks so that it could earn some interest even if it’s little and hopefully, I could save enough money to join on stocks and even buy the things that I want.