Put yourself at ease by protecting those you love
11 December 2020
When it comes to saving money, many Filipinos are overcome with fear thinking that they need to set aside huge portions of their salaries to make it possible. This mindset is one reason why building an emergency fund tends to get pushed back, bumping it further down the priority list.
During these uncertain times, it’s more crucial than ever to build a rainy-day fund so that you’re prepared no matter what life throws your way. It will help to simplify your game plan and think of saving a few pesos daily by cutting back on non-essential spending. Over time, those small savings will add up to a decent-sized and reliable emergency fund.
Don’t believe how simple and easy it can be? Read on below for some simple tips on how you can save money from your everyday living expenses.
There’s nothing like your favorite cup of coffee to start your day right. But instead of buying this from your local coffee shop, perhaps you can experiment by making your own at home instead. Depending on what coffee blend you like, these things can save you money in the long run.
Let’s take the popular café chain Starbucks, for instance. Their drinks average to around Php120 per cup. If you buy there at least five times a week, that totals to Php600. If you multiply that by four weeks, that’s a whopping Php2,400 a month. A year’s worth can set you back Php28,800—a considerable amount of money that you can put towards your savings!
Not a coffee lover? The same is true with other beverages like milk tea. Try to learn how to DIY milk tea instead!
These days, everything is subscription-based. If you want to watch your favorite or even newly-released movies and shows through a streaming service, you can cut back costs by getting a group or family plan.
Ask friends who are willing to split the cost with you, so you don’t have to shoulder the full fee. Just be mindful of the limitations of the plan you choose. With Netflix, a maximum of four people can access a Premium account at the same time. Be courteous with your subscription-mates!
Bonus tip: Try this with other subscription-based platforms such as HBO GO, Disney Plus, Spotify, Apple Music, Amazon Prime, YouTube Music, and more.
While it’s almost customary to give presents during birthdays or Christmas season in the Philippines, there’s the reality that these things can take a toll on your budget. There’s a way to still express your love for someone without spending too much on lavish gifts, such as creating handmade presents.
Do you know how to draw or paint? Giving a lovely portrait of your friends or family with their partner or pets can be something they treasure. If you know how to create canvas bags or flip old clothes into something new and fashionable, then why not give it a try? It’s always the thought that counts!
Postpaid lines definitely have their perks, but you need to evaluate how much of it you’re maximizing. For instance, check if you really need unlimited calls and texts to all networks if you’re conversing with most of your family and friends through chat apps anyway.
Tons of prepaid promos offer the same amount of data, call minutes, and the number of texts. The only difference is you’ll pay less, and that’s what you want!
The convenience of online shopping is truly addictive. Couple that with the Filipinos’ love for discounts and promos, and you have yourself a rabbit hole that’s difficult to escape from. But unless you’re buying something you really need—which isn’t always going to be the case—then you’re better off uninstalling those shopping apps from your phone.
The scenario of finding yourself checking out an item you don’t need just because it’s 50% off might be all too familiar. If you know you’re susceptible to online shopping sales, you might as well unsubscribe from email newsletter notifications for good measure, too.
A Small Step Still Leads to Progress
By doing most or all of the things above, you’ll eventually begin to realize that you have a lot of room to save up for the things that matter to you, such as your future. It might even be easier to reach your adulting goals like finally getting life insurance or putting in the down payment towards your own condo.
If you’re ready to take the next step in securing your future, then you’re at the right place. BPI AIA is here to help you find your best insurance and investment options to keep you safe and prepared for whatever life throws your way, even during this pandemic.
Get in touch with any of our Bancassurance Sales Executives to find what products best suit you.
You can buy a life insurance at any BPI branch nationwide! Talk to a bancassurance sales executive now!
Get the power to protect yourself and your family with an affordable life insurance plan. Life Ready Plus is easy on the budget, but offers coverage of up to 30 times your yearly payment to support the financial needs of your loved ones.
The plan gives you fast access to coverage and benefits and can match your long-term financial goals when maintained within an appropriate term.
Critical Care Max will help you make more memories by providing financial aid during the early stages of a critical illness. This unit-linked life and health insurance plan offers assistance on your recovery. You can build a health fund that grows over time, depending on your chosen investment, to pay for other medical costs.
In addition, it comes with a hospital confinement benefit that will replace lost income due to hospitalization. This daily cash benefit may also come with optional benefits like cash payout for surgery-related expenses, allowance for consultation fees, and many others.
Let your loved ones enjoy the fruits of your labor even when you’re no longer around. Build Estate Plus is a unit-linked protection plan that will cover your estate taxes after your passing so that you can ease your family’s burden.
It doubles as an investment savings fund that builds Account Value as you pay. It is also integrated with AIA Vitality that provides additional upfront coverage of 20% to your policy and add-ons.
Be in good hands in times of sickness. Let Critical Care Plus, a unit-linked health and life insurance plan, take care of you with financial aid in case of a major illness, so you can focus on getting better and spending more time with your loved ones.
It even gives you more benefits for having good health through the AIA Vitality program that adds 20% upfront coverage and supplemental benefits on your policy.