Review your household budget and adjust your allocation for important items such as food and fuel. Reduce spending allotment on items that you can do without, such as branded apparel. By reducing those extra expenses, you will be creating space in your budget to boost your savings. Commit to frugal choices
Identify and make a clean break from bad spending habits. Spending P200 on coffee every morning or treating yourself to a fancy restaurant every other day will not help. Several stores offer coffee and restaurant quality food that cost less. You can also save a few pesos by bringing your own lunch to work instead of going out to eat. All you need is to spare a few minutes of your time to prepare your meals at home. Not only will you be able to save money, you will learn something new too. Curb your bills
Use discount coupons, sales, rewards or loyalty points to save money where you can. With the savings you generate from availing of discounts, you may be able to put back some items you removed from your list of must-haves. Sell unused items
You might have clothes that you never wear or things in the house that are in good condition but no longer use. Nowadays, there are apps that can help sell these items online and turn them into cold hard cash. Use a debit or prepaid card to pay for purchases
Be able to control your spending by using your PSBank Debit or Prepaid MasterCard to pay for your purchases instead of cash or credit card. Since PSBank Debit MasterCard is tied up to either Savings or Checking Account, you won’t ever run the risk of overspending as you can only use up to its purchase limit of P25,000 for point-of-sale transactions and P30,000 for online or internet purchase transactions per day. On the other hand, you only get to spend the amount loaded in your PSBank Prepaid MasterCard account.