Opening a savings account usually takes a lot of effort and a high entry point money-wise due to maintaining balance on savings account which is usually about PHP5,000 at the minimum. 

Having said that, we have options these days and one of those is a GCash Save account which has PHP0.0 maintaining balance. Watch how to open such a savings account.

 The best time to plant a tree was 20 years ago. The second best time is now."

The proportion of Poor Filipinos was Estimated at 16.6 Percent in 2018 based on the Philippine Statistics Office.  The countries population of the Philippines is at 106.7 million in 2018, that means about  17.7 million Filipinos are under the poverty line :(

Let that statement marinate on your mind for a while. How can we help and be not be part of that statistic? First, we can individually educate ourselves in terms of finance, saving money, and investments. Second, we can share our earned knowledge to push our country forward, and possibly in the future, we will have a more financially healthy country. 

Check out my video on how to start and save for unforeseen expenses.

 

"The proportion of Poor Filipinos was Estimated at 16.6 Percent in 2018 based on the Philippine Statistics Office.  The countries population of the Philippines is at 106.7 million in 2018, that means about  17.7 million Filipinos are under the poverty line :("

"Federal Reserve’s 2018 Survey of Household Economics and Decision Making, Some 40% of Americans would struggle to come up with even $400 to pay for an unexpected bill"

 

References:

https://www.cnbc.com/2019/07/20/heres-why-so-many-americans-cant-handle-a-400-unexpected-expense.html

https://psa.gov.ph/poverty-press-releases