From the 10 Lucky Things In 2015, it listed out green as the lucky color of the year and it speaks of what else, money! But mothers know best that money doesn’t just fall from the tree. No matter how lucky we are, money spent unwisely means you’ll still have your cash go down the drain. At the same time, not saving money for the rainy seasons means you’ll still be left wanting when you direly need cash. As they say : Failing to plan is planning to fail. And this is so true when it comes money.
Money Challenges
What are money challenges? These are structured or savings calendar wherein you follow to save a certain amount as scheduled. Many moms had been successful in accumulating a big amount of cash at the end of the year by following this set schedule. As of any other schedules, keeping up with it is basically the most crucial part but keeping an eye to your goal can truly help. Imagine having P30k by the end of the year just by simply following this schedule! That will be lots of cash to spend on your dream furniture, a dream travel trip or maybe to use as investments for other earning opportunities.
52-week Money Challenges – This has been a popular money saving plan for many moms because it gets you into the habit of saving “gradually”. You start small and then when you get the hang of pinching your wallet to save, you start to go bigger in your savings till you get to save a very big amount without you even noticing it.
Mommy Ciel’s P82,000 savings plan
Mommy Erlaine’s P68,900 savings plan
Mommy Diosyl’s Easy P7,200 savings plan
Mommy Pehpot’s P24,000 savings plan
Mommy Saving Tips
There are so many ways to save but all of these tips will work if we really start acting on them.
For Mommy Josephine, opening a Landbank account for her kiddo is the best way to teach her child the value of money and at the same time, save money for the family.
For Mommy Ayi, saving while traveling is always possible. Planning ahead, bringing your own water and instant food are just some of her quickest but very useful tips to be able to save while enjoying family time on vacations.
For Mommy Tina, saving on fuel is not only about planning the best way to go to your destination but also knowing cost-efficient driving and of course, using the most economic fuel brands.
Hope you learn a thing or two about saving from this post. Share your tips with us and let more moms learn about it!
Wow! Thank you for this mommy Lani! 🙂
I was likewise hoping to take the money challenge. Actually, last year ko pa gustong gawin. I will really try this year! 🙂
We’re doing the 52-week money challenge at home, too, but ours is the other way around. We started with the biggest amount, then it will lessen as we approach the end of the year. We’re doing it this way because December is such an expensive month. 😀
that’s so smart! I’m glad I read your comment,hihi, will take note of your input.
Haha! We almost didn’t accept the challenge kasi mabigat na pagdating ng last quarter of the year. Then we thought, why not do it in reverse? Since expenses are light at the start of the year and we have extra money from our Christmas bonuses, we agreed to start with the biggest amount. Try it! 🙂
I saw this on my news feed yesterday, but I wasn’t able to read it. I’m so glad I saw it again on Blogapalooza bloggers page, heehee.
Thanks thanks. I’m savings-challenged and will study all these to figure out what will work for us. 🙂
I’m trying a 52 week money challenge this year! Not sure how I’m going to succeed though.
Savings plans are great, but I find that you need to have some sort of money to do them. I’ll let you know when I find any 😛
I’ve heard about this money challenge before! But I haven’t had the discipline to do so 🙁 I’d normally be as frugal as I can be when it comes to every purchase, asking myself these important questions: do I really need it? how often will I use it?
I end up saving more than the money challenge, even though it’s a less structured way. 🙂
I am definitely going to do this money challenge soon. I am saving now but not as much as I would like to. I guess this post is a reminder that I must save more! 🙂
this is such a nice saving plan. will surely give it a try.
This is best for mommies and husbands too. For people who are determine to do the challenge. Unfortunately, I cannot control my expenses to date. I have different ways to save.
Definitely saving for a much needed holiday this year! Now is the time to definitely start saving! Sim x
The 52-week challenge that amounts to anything greater that 50k would be difficult for me. I guess any amount that will add to the savings will do. I am planning on starting on different investment stream. Good luck to us!
It would be great if the money saved from the 52-week challenge will be invested or be kept in bank. I’m glad that more and more people are making a conscious effort to save. It’s wise and it’s good practice. Children should be taught early as well.
Thanks for sharing these thoughtful tips. This year is going to be quite a challenging year, I hope I will get through.
I actually want to start on those 52 week money saving challenges but I always feel intimidated because of the popularity of those on facebook! I hope to finish one and save up for a trip!
I saw this 52 week challenge too and so far, because it’s still a small amount, I’m keeping up. I hope I would be able to keep up until the end.
I hope many more younger people would know about this challenge and would be interested so they’d know how to save money. 🙂
I looked at the nanay specialists plan. It is so simple it just might work. It is discipline that we all need to have in us when it comes to money.
I’m not a good handler when it comes to money, good thing my mom is always there to rescue me.
These saving plans from amazing mommy bloggers are inspiring. 🙂
Saving money is a necessity and definitely something moms should teach their kids too! I like how you share all these tips with every mommy so that they can see which one can apply for their lifestyle!
What a smart idea! I remember a bunch of bloggers joined in last year and I presume it was a success. Good luck on it.