Ready For Adulting? ShopeePay Shares Financial Tips For Fresh Graduates
Social media feeds are flooded with graduation photos, videos, and congratulatory greetings. With one chapter closing, comes another one. If you’re a fresh college graduate, it’s time to welcome the “adulting life” and the grown-up responsibilities that come with it. As you build your career and earn your own money, you’ll have greater purchasing power. Hence, it’s important to take control of your finances early on. ShopeePay, Shopee’s integrated mobile wallet, can help you in this aspect.
With ShopeePay’s cost-saving features and rewarding perks, you can become a financially-savvy young adult. Here are tips to help you get ready for adulting:
Set aside a budget for savings and expenses
Allocate a portion of your monthly income for expenses and a percentage for savings. To avoid accidentally using your savings, you can transfer your allotted expenses to your ShopeePay wallet and use it for your transactions. Skip admin fees and cash in for free when you link your BPI or UnionBank account. For other banks, simply use your bank’s online app and cash in via InstaPay to get up to P25 cashback on your first two InstaPay transactions per month.
Send money for free when you make your transactions
Online money transfers are very convenient. However, you have to pay additional interbank or e-wallet fees if your recipients have different bank accounts. The fees seem like a small amount at first, but they add up over time. If you’re using ShopeePay, you don’t need to settle any fees because you can send money for free to any bank, e-wallet, or Shopee user.
Aside from the instant savings, you’ll also stand a chance to win coins and money when you join ShopeePay promos like ShopeePay Mission and Happy Hour. If you’re lucky, you can add your winnings to your budget.
Be more cost-effective when giving gifts
When it comes to gift-giving, you don’t necessarily have to purchase actual presents and pay additional delivery fees. Sending money is an economical and practical alternative to convey your good wishes. Now that you’re an adult, you’ll come to realize that a lot of people appreciate monetary gifts. ShopeePay has a feature called Ang Pao that allows you to instantly send money to multiple people in one go, all for free, which is a perfect way to gift your friends during special occasions. You can also use Ang Pao to surprise your parents—a thoughtful way of giving back to them after putting you through school.
Take advantage of discounts when paying bills and personal necessities
As you take on more responsibilities in your household, bills tend to pile up. Every month, you’ll have to pay for utilities like electricity, water, cable, landline, and internet. With ShopeePay, you can conveniently pay your monthly bills online and even get up to 100% cashback for your transactions for new users (minimum spend P180, capped at 180 coins).
Connection is important as you grow your professional network, both online and face-to-face. When reloading your prepaid SIM, buy mobile data and load with ShopeePay to get up to a 10% discount.
Be a smart spender and bargain hunter
Adulting is also about having fun and rewarding yourself as long as it’s within your budget. Before making a purchase, think hard first if it’s something you’ll be using for a long time. The next thing you should consider is where to buy it and how to pay for it so you can get your money’s worth. If it’s on Shopee, pay for it with ShopeePay to access shipping discounts and cashback vouchers. For more bargains, make it a habit to check “ShopeePay Near Me” on the Shopee app to enjoy exclusive deals for as low as P1 from groceries, gas stations, food & beverage outlets, and more.
Navigating the real world and taking on financial responsibilities can be challenging for new graduates. Follow these tips from ShopeePay and start developing good financial habits.