5 easy ways for minimum wage earners to start saving



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5 easy ways for minimum wage earners to start saving

 

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

MANILA - The challenge of saving presents itself to everyone with a goal in mind. Building the habit of saving requires perseverance, especially since there are just so many things that you can perceive as something that you need.

As it is, people give the reason that they are unable to save because they don’t make enough.

With minimum wage in the National Capital Region averaging around P481 and P349 in provinces, it does make saving seem like a stretch.

As author and financial coach Chinkee Tan said, “Never allow the lack of money to be a stumbling block.”

Saving money begins with the mindset that you can save, and not with a larger paycheck. If you’re working a minimum wage job right now, it doesn’t mean that you’ll be working that job forever.

Here’s how you can start and keep your savings going.



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