As a millennial, you’ve probably muttered, “Adulting is hard” too many times. Aside from hustling and working to earn your keep, budgeting your salary is another obstacle you need to face every payday.
So from a millennial’s wallet to yours, here are a few tips and tricks on how to master living within your means.
#1 Determine where your income is going
Even before your payday comes, it’s a good practice to know where your money would go. List down your expenses into categories such as savings, bills, food, transportation, and other miscellaneous spendings. This will help you get an overview of what your priorities should be so you can reallocate the percentage of your income into the proper categories.
#2 Make sure to save
The golden rule in handling your finances that is often forgotten is that you should set aside money for your savings before spending and not the other way around. You end up keeping whatever’s left with your salary after all your expenses. In short, more often than not, you forget that you haven’t saved yet and end up promising yourself that you’ll just do it next payday… again.
#3 Take advantage of promos and discounts
Take PayMaya deals for example. When you go to the grocery or other partner merchants and scan to pay with PayMaya QR, you get up to 100% cashback of what you just spent. It’s like paying with exact amount but you still get change from it.
If you do this often, you’ll get extra money from all the cashbacks which you can spend on other things. Amazing, right?
#4 Practice self control
It’s the most cliche advice but oh-so-true. Keep in mind in order to avoid being broke every single payday, you need to be financially responsible. If you don’t control yourself with spending and refuse to stick to your budget, you’ll never find your financial freedom. Remember that yes, your salary is yours to enjoy, but emergencies happen and you also need money for that.
Stick to these simple tips and tricks and you’ll surely say goodbye to “Petsa de Peligro” in no time. Here’s an additional insider tip, pay your bills conveniently through PayMaya on the next payday and get up to P500 cashback!
To qualify for a cashback, you have to bills worth at least P1,000 during the promo period, April 13 to 15, and 28 to 30, 2019. Make sure to pay your bills in full and on time!
Don’t waste the chance, add money to your PayMaya account, and be ready to pay your bills on the next payday!
Visit PayMaya.com/deals for the latest promos and tips on how to make the most of your PayMaya.
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PayMaya Philippines, Inc. (formerly Smart eMoney, Inc.) is the pioneer in mobile money and payments and is a subsidiary of Voyager Innovations, the digital innovations company of PLDT and Smart.
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