[vc_row][vc_column][stm_spacer height=”90″ height_mobile=”-100″][vc_custom_heading source=”post_title” font_container=”tag:h4|text_align:center|color:%233f3f3f” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][/vc_column][/vc_row][vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_single_image image=”14387″ img_size=”large” alignment=”center”][stm_separator color=”custom” style=”style_3″ custom_color=”#0d97ff” sep_width=”200px” sep_height=”10px” sep_css=”.vc_custom_1571309810608{margin-top: 20px !important;}”][vc_raw_html]JTVCRElTUExBWV9VTFRJTUFURV9TT0NJQUxfSUNPTlMlNUQ=[/vc_raw_html][vc_column_text]Many people find it difficult to manage their personal finances for various reasons. Some get stuck in the idea that earning a minimum wage doesn’t give them the opportunity to save up for the rainy days considering that their earnings are just exact.
Out of 14,499 employees that Uploan surveyed recently, 45.7% or 6,633 people think that they still have a lot to learn when it comes to building savings and establishing their emergency fund. This was then followed by personal finance topics such as investing, setting financial goals, and spending strategies that pique their interest.
In this article, however, we focus on how you can kickstart your savings as early as now.[/vc_column_text][vc_column_text]Set a specific savings goal
Whether it’s 3 months’ worth of your living expenses (for single individuals) or up to 6-12 months’ (for those with dependents), it’s important to identify your target amount of savings for the goal to be realistic. This will also work if you set a particular period of time that you’re aiming to achieve the amount you’re eyeing. 
For example: I will save my money and achieve Php 50,000 by the end of October 2022. 
Then divide the goal amount to the number of paydays that you are expecting your salary so that you’ll know how much money you should be saving each cut-off. 
For example: Php50,000 / 24 pay days = 2,083php
Now, if we make your goal more specific, it should be worded this way:
For example: I will be saving Php 2,083 every payday until October 2022 to achieve my Php 50,000 savings goal.
According to past studies, a written financial goal makes it easier to track and the progress you make as you move forward shall keep you motivated to attain your goal. [/vc_column_text][vc_column_text]Track your expenses and savings 
Every hard-earned Peso counts. Keeping track of your expenditures and the actual amount you have saved every payday can be a tedious task especially if this concept is new to you. Tracking your money allows you to understand where your money went and which aspects of your spending needs curbing out (especially if unnecessary). 
While pen and paper works for some, others prefer doing it through mobile applications that provide them month-end or year-end reports so that synthesizing their financial performance would be easy. 
In a previous article, we featured  “Expense Tracking Apps” that you can consider using. [/vc_column_text][vc_column_text]Have an accountability partner 
Some people are not comfortable discussing financial matters. But if you’re the type of person who badly needs help and would like to receive guidance from another person, having an accountability partner may work for you. If you have a partner that you can fully trust as you disclose your financial goals, he/she will be able to keep you motivated and help you be on track whenever you feel tempted to blow your money. 
Even before the pandemic started, many Filipino employees were already rating their financial performance at a low level. In the same survey Uploan conducted, about 50.2% or 7,276 individuals are experiencing financial stress ranked at 4-5 (with 5 as the highest level of stress). Uploan cares for the employees of its partner companies and sees to it that it provides a comprehensive financial wellness program for them. If you want to receive this type of guidance, reach out to your HR so they can inform you of the soonest possible schedule.[/vc_column_text][vc_raw_html]JTVCRElTUExBWV9VTFRJTUFURV9TT0NJQUxfSUNPTlMlNUQ=[/vc_raw_html][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row][vc_row disable_element=”yes” shadow_x_offset=”0″ shadow_y_offset=”0″ shadow_blur=”0″ shadow_spread=”0″][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row]