Handling money well is crucial for feeling financially secure and at ease. Even though the idea of managing money might sound complicated, it mainly involves developing basic habits.  


Learn five essential practices that successful money managers employ to achieve their financial goals.

1. Track your spending

This gives you a clear overview of your income, expenses, and savings goals, helping you make mindful decisions daily. Tracking your spending enables you to identify areas where you might be overspending and adjust accordingly.

2. Pay bills on time

Timely bill payment helps you avoid late fees, gives you good credit history, and enhances access to favorable loan terms. Set up reminders or automate payments to ensure that your bills are paid promptly.

3. Automate your savings



Make your savings efforts count by automating the process through your online bank account. This means setting a consistent percentage of your monthly income to go directly towards your financial goals. This smart approach ensures that you're steadily making progress towards what you want to achieve financially.

4. Plan for emergencies

Prepare for uncertainties by establishing 3-6 months' worth of living expenses, ensuring financial security during unexpected events. This fund prevents high-interest debt and brings peace of mind.

5. Manage your debt


Effectively manage your debt by ensuring that you pay off your credit card balance in full at the end of every month. By doing so, you'll avoid accumulating interest over time.


Integrate these five habits for improved money management and to achieve financial goals. Remember, consistency and patience are key on this journey. 

Save your hard-earned money where it can grow the most. With CIMB Bank, you can earn 12% p.a. on your savings! All you need to do is to grow your balance and get 12% p.a. interest on your total Average Daily Balance (ADB) growth.


Visit this link to learn more about the 12% p.a. Interest Promo.


Start working towards your life purpose as early as today with CIMB Bank.


Download the app and open an account now! 

Deposits are insured by PDIC up to P500,000 per depositor.

CIMB Bank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas.