Monday, March 18, 2019

5 Ways to Grow Your Money

10 years ago, I was broke and in debt. I couldn't afford to send my son to school and I had debts in my name amounting to more than 300k because I trusted the wrong person.

5 years ago, I made the choice to do freelance work. It was a leap of faith but it was a choice that I made for my health and for what I was hoping would be financial stability.

2 years ago, I started to learn ways to save money. Finally, I had enough saved that I could afford to contribute to our Hong Kong family vacation. I could also afford to send my son to school and pay off his tuition fee in one go.

However, it wasn't enough. I would always feel like money just passed by and that it appeared when needed. I needed something more stable. Something better.

Last year, I started monitoring all of my spending. I would list down in a notebook all of the things I spent my money on. It did not matter if it was just Php5. It went on my list.

At the end of the month, I would list down everything in an excel file and then calculate how much I spent. End of the year, I was shocked to see that I have spent so much on miscellaneous things, things that I don't even remember anymore.


This year, I started my most ambitious project on how I can save money. I decided that I will do 5 steps. 

1. NO BUY YEAR. This means that I will only buy what is essential especially when it comes to skincare and make up which I already had tons of. When you do a no buy year, you set rules and boundaries that you need to follow. Shopping your stash is also a must!

2. INVISIBLE 50 Challenge. Every time I received Php50, it goes straight to Miss Piggy, the coinbank.

3. Paluwagan. I joined a weekly saving scheme in our home. We will give a fixed amount weeky and by the 3rd week of December, we will be given back our money.

4. Always balance my checkbook. This is crucial because a balanced checkbook is a testament to being able to handle and track your finances.

5. Investment and Insurance. I finally got my first ever insurance/investment plan and I even got to convince my 18 year old sister to invest as well.

It took me 38 years to finally have a grasp on how to grow and handle my finances but I am glad that I finally did. I think this is one of those cases where it's better late than never.


  1. These are solid tips I hadn't heard most of! I haven't used a checkbook in years but I'm sure it would help with budgeting!

  2. We don't invest or use insurance yet, but these are great ideas!

  3. So good! Having multiple streams of income is important.

  4. I recently got an app that rounds up all of your purchases and invests that money :) Such a great way to save money!

  5. It is really important to save but wow, a whole year of only essentials? That would take some serious will power. A lot happens in a year.

  6. Great tips! We have a system that puts aside a set amount every month for saving AND one that takes 0.50 from every debit purchase. Little bits you don't notice that surely add up!

  7. I like the idea of a no buy year, and shopping your stash. I prob have way too much of everything!

  8. All the tips are very cool to me and very useful.

  9. Saving money and building a solid foundation to follow your dreams of feel safe in case of anything unexpected is awesome!

  10. Thanks for the tip. Im starting to reorganize my finances as well. Its very important to save nowadays. I also have a piggbank and anything thats left on my pants pocket after end of day i place it on my piggy bank

  11. Great article. This is a topic I know I need to learn more about and you really helped me understand some good ways. Thank you.

  12. I love these articles, always gives me little bit of sense what I need to do and be prepared for Thanks!

  13. love this topic! every single one of them is such an important information. Thanks so much for sharing

  14. I rememeber doing a paluwagan when I was in grade school lol. But great tips! I'm horrible with money because I'm an impulse buyer. I always find a way to talk myself into buying things, like I worked hard so I deserve it. But it gets out of control sometimes. I've been using MINT to get my finances in check

  15. TwinspirationalpartiesMay 23, 2019 at 10:56 PM

    It was great that you even got the patience to list down even the things that are so low cost. 😊

  16. I can do a month or two of no buy, but for the entire year..? 😊 That's nearly unachievable. 😊

  17. This is honestly my first time learning about a NO BUY Year. While I've been interested in minimalism concepts like Konmari and capsule wardrobe, I haven't heard about this kind of year. And I like this idea. I think I might make one for next year-- makeup and clothes. These days, I try to go to thrift shops for clothes when I can and find those gems that are branded but really affordable. Next year too, I plan to invest on insurance. I just need to learn more because I need to know what I'm getting myself into.

    1. I can hook you up with my insurance person. Trust me when I say he's super patient. I asked questions for a year and he never pressured me to sign up.


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