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4 Financial Lessons from The Breadwinner Video

The year 2020 has been very tough to most Filipinos. Luckily, we have our loved ones who will stay with us and help us overcome the challenges that life throws our way. If you haven’t seen it yet, watch the video below to see how we can get through this tough year.

Our hero’s story may be short, but it aims to impart to us some important lessons that can lead us to the right financial path. Here are some of them:

It’s never too late to start saving

If you’re worried that you’re too old to start your savings journey, you are mistaken. Just like our hero’s mother in the video, saving even a little later in life is one of the best financial decisions to make. Whether it is for retirement or an emergency fund, it’s beneficial to have some money saved.

Every peso counts

Saving does not have to burden you financially. In fact, every peso will go a long way if you diligently set aside money to go to your savings. Just imagine saving up as small as 10% of your paycheck each month, you’d be able to save up a month’s worth of your income in less than a year. With a little discipline and determination, reaching your savings goals isn’t going to be too hard. 

Saving can be a shared experience 

It’s true when they say that no man is an island. Take a look at the story of the mother and our hero in the video. Saving doesn’t always have to be a personal experience and can be shared with your loved ones. You can team up with your parent, siblings, or even your life partner to reach your savings goals two times faster than when you are saving alone. Just make sure to track how much you put in your savings every month and avoid using it for other purposes other than your goal.  

Your savings can save you

In times of trouble, your savings can be your lifeline in case you lose your source of income. It can help you get back up on your feet or stay afloat as you figure out how to overcome current challenges. Your savings CAN save you. That’s why it is important to keep it somewhere that is safe and that gives it more value.

 

With CIMB Bank, you are sure that your savings is safe, secure, and accessible anytime, anywhere. Additionally, you get more value to the money you save with up to 4% p.a. interest which you can get in three ways. First, you can grow your Average Daily Balance (ADB) by PHP 1,000 each month. Or second, you can maintain a minimum balance of PHP 100,000 in your UpSave and/or GSave account to enjoy a higher interest rate and a free Life Insurance coverage that’s worth your ADB up to PHP 1 million.

 

Third, if you’re 18-25 years old starting November 1, 2020, the CIMB Savings Starter Pack is just for you. All you need to do is to deposit at least PHP 500 each month to your UpSave and/or GSave account to enjoy 4% p.a. interest plus a Personal Accident Insurance coverage worth PHP 50,000 for free.

 

Let your savings save you so you can seize your life’s goals with CIMB Bank!                                          

Visit this link to learn more about the CIMB Savings Starter Pack. 

Click the link below to know how you can increase your ADB by P1,000 to get 4% p.a. interest

Learn about getting 4% p.a. interest when you maintain P100,000 in your savings account with CIMB

Download the app and open an UpSave account now!