3 saving styles that don’t require a bank account


Posted at May 31 2015 09:09 AM | Updated as of Jun 02 2015 08:33 PM

(Editor’s note: this article was exclusively written by MoneyMax.ph, the Philippines’ leading website for comparing financial products and services, for ABS-CBNnews.co. Find out more at MoneyMax.ph.)

MANILA, Philippines - Having a bank account isn’t the only way to set money aside.

There are many ways to budget your salary without a savings account. There’s the way your parents first taught you about the value of money: the alkansya. You can also use envelopes and jars to partition your expenses.

These saving styles might be more effective than depositing in a bank account. There’s something satisfying about feeling a heavy alkansya, or seeing your money envelopes full to bursting.

Read on to learn more about these fun ways to save, and what they’re best used for.