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Thursday, March 4, 2021

Simple ways to save money on a tight budget

If there is one major thing that the pandemic has taught us, it is to save money. So when the need and unprecedented time arises, we have something in our pockets. But how can one save if there is just enough? 


Layoffs, closures, and retrenchment during the pandemic have left many people struggling financially. However, being financially literate can help you secure your future as long as you develop a plan and spend according to your means.


Leading online job portal JobStreet recognized this difficulty among Filipino employees. In a Facebook Live Session during the recent Virtual Career Fair, host DJ Nicole Hyala and guests Salve Dulpito, Ady Cotoco, Charm De Leon, and Jerick Vivar discussed ways to save money when salary is just enough. 

Here’s what they have to say. 

Don’t be afraid to ask questions


When it comes to money, people often shy away from talking about it because it makes them feel uncomfortable. However, to better manage your finances, you must learn to ask for advice from people as this will help you explore different ideas and strategies to manage money effectively. 


Set saving goals 


The most crucial step is defining your short- and long-term financial goals. Financial goals are where you want to be with your money in the next 5, 10, and 20 years. What is it that you want to achieve? How long will it take? What are the steps to achieving it? Write them down as both a reminder and a motivation. 


Keep track of your expenses daily


You have to stay on top of your spending by tracking your expenses every day. The main thought behind this is to identify and eliminate wasteful spending habits in your life. Moreover, consistently tracking your expenses will help you maintain control over your spending and promote better financial habits like saving and investing.


Create and Stick to a Budget


Your budget should outline how your expenses measure up to your income—so that you could plan your spending and limit overspending. Learning to become more intentional about your spending can help you get ahead. Once you have your budget under control, you will be better positioned to ensure that your spending habits live with your saving goals. 


Income – Savings = Expenses, instead of Income – Expenses = Savings


By re-arranging the equation, we are essentially prioritizing savings overspending. This means, the moment we draw our salary, we allocate the money towards savings and spend whatever is left after saving. This puts a limit to unnecessary spending – you should learn to say no to things that you do not need.


Managing your finances requires a lot of patience and hard work, but these day-to-day sacrifices will definitely make up for it in the long run. If you consistently work at it, your financial situation will give you peace of mind and expand your options for decisions that have a major effect on the quality of your life.


To learn more valuable work-life advice, visit  



  1. Wow thankyou for sharing this po tlga nman malaking tulong ito para mkapag save ng money lalo na sa panahon ngayon 😍❤️ (Apple Joy Camañero)

  2. Thakyou for this ms lou. Very helpful po ito.
    Lalo na ngayong pandemic need tlaga natin magtipid. Kung hndi naman kailangan huwag ng gumastos. Buti nalng kami hndi kami maluho. ehehe

  3. Wow very helpful po lalo na ngayong pandemic na kelangan magtipid. Sa hirap nang sitwasyon at ang mamahal nang bilihin. Thank you for sharing this po.

  4. i love your list, these are very helpful ways to save money, we really need to save especially now. we need to set our goals and make a little sacrifices.

  5. This comment has been removed by the author.

  6. Thank you for sharing your List Ms.Lou.Very informative lalo na ngayon sobrang hirap kitain ng pera dapat talaga marunong tayo mag budget and mag save.


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