Cebuana Lhuillier Celebrates World Savings Day

It’s October 31, 2022! It’s Halloween!

Well, aside from that, there’s also another event worth celebrating today – it’s World Savings Day! In fact, Cebuana Lhuillier has been celebrating this consistently for some years now, never missing a bit in their quest for awareness of the importance of saving as a fundamental step towards the journey to financial freedom.

This year, in anticipation of the event, Cebuana Lhuillier, the Philippines’ leading and largest micro-financial services provider, held an intimate but knowledge-packed blogger session dubbed ” 2022 World Savings Day: Restart Your Finances”. It had a guest speaker, SavingsPinay.ph’s blogger, Ms. Izza Glino.

The Financial Advisor in me was delighted to have been invited as any talk about financial literacy is always a welcome treat. Savings, after all, is the best foundation that can jumpstart one’s journey toward achieving financial freedom.

The talk aimed to impart valuable knowledge and awareness on how we can get our finances back on track. Towards the end, there was even a bonus activity – a workshop on how to use bullet journaling to help us keep track of our finances, monitor our cash flow, and stick to your set budget.

All attendees were oblivious to the heavy rains outside as we were all focused on the topics on hand. In the end, Izza and Cebuana Lhuillier were able to successfully send the message across. How can Filipinos reset and solve their money problems? Izza shared seven (7) steps you can follow and take to heart:

  1. UNDERSTAND YOUR CURRENT FINANCIAL SITUATION
    • Take inventory of your finances – your income. expenses, debt, and assets. With a clear picture of your current financial standing, you can easily draw a plan to solve your money problems.
  2. REVIEW YOUR SPENDING HABITS
    • Find out WHO and HOW are you when it comes to spending your own money lately.
      • Are you a SAVER or a SPENDER
      • Do you spend more on your needs or your wants?
  3. MAKE SMALL CHANGES
    • Find small ways you can reduce your daily expenditure in order to save more
      • What tiny habits can you do for your finances?
  4. BUDGET
    • Setting and following a monthly budget can help you gain a sense of control
  5. SET NEW OR BETTER SAVING GOALS
    • Set S.M.A.R.T. Goals – as any financial advisor will teach everyone, our goals should always be “SMART” – Specific, Measurable, Achievable, Realistic, and Time-bound. These parameters as they pertain to your goal help ensure that your objectives are attainable within a certain time frame.
  6. PUT YOUR PLAN INTO ACTION
    • Implement steps that can minimize the chances of another financial setback.
  7. CORRECT AND ADJUST
    • Perfection is impossible. Get started with your saving goals, correct and adjust along the way.

Starting your savings is key to opening the doors to financial freedom. With well-established savings, you can level up to more financial instruments that are necessary to provide that peace of mind and a lifetime of financial stability.

Choose to restart your finances now!

With Cebuana Lhuillier’s Micro Savings, you can open regular savings account easier because it doesn’t require a maintaining balance. Account holders can deposit anytime and withdraw anywhere at their most convenient time with Cebuana Lhuillier’s network of more than 3,000 branches nationwide. As a Micro Savings account holder, you can also pay cashless using your card in any of 350,000 Unionpay and Bancnet accredited retail stores and withdraw in any of  21,000+ Bancnet ATM nationwide.

Micro Savings provides Filipinos with a more convenient and affordable means to save their hard-earned money.  Filipino citizens as young as 7 years old are qualified to open a savings account, which can be considered as a “kids savings” or “junior savings” account in banks.

Happy World Savings Day everyone. I wish you all a smooth journey to financial wellness. As Cebuana Lhuillier always reminds us, “Maging isang IPONARYO, dahil PANALO LAGI ANG MAY IPON!

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