Start Your Saving Journey With Cebuana Lhuillier Micro Savings
When I was single, I didn’t know much about saving money, and I certainly didn’t know anything about saving money on one income. I do admit that I’m a big spender and most of the time I get tempted when there are sales and discounts offered, which is one of the reasons it’s hard for me to save. But things have changed since I became a single mom.
Being a single mother is not easy. It is very challenging because you have to fulfill the roles of a mother as well as a father to the child and strive to make ends meet not only on the emotional but also on the financial front. I know and have seen the struggles of a single mom because I was raised by a single mom. That is why when I became one, I told myself that I needed to get my finances right to secure my daughter’s future, raise her and provide for her at the same time.
And for me to achieve that, I started to budget my finances right. I created a 50/30/20 monthly budget plan that somehow works for me. 50% of my monthly income goes to our important needs like utility bills, food, grocery shopping, etc. For the 20%, it is budgeted for our wants, like shopping, going out for a movie, or eating out with my daughter. Don’t get me wrong, but this 20% is like a reward for us for doing a great job. There are times that we don’t use it and just save and add it for the next month, especially if we are planning on going on a vacation. The last 30% is for our savings, emergency fund, my daughter’s education, and investments.
My saving up journey is made easy with Cebuana Lhuillier Micro Savings 24k. It’s one of the Cebuana Lhullier Bank products designed to help every Juan achieve his or her financial goals. I chose Cebuana Lhuillier Micro Savings because, unlike other banks that have numerous requirements, CL Micro Savings only requires one valid government ID and a one-time deposit of fifty pesos (P50.00). You can already have an account and take note that they don’t have a maintaining balance requirement.
How to open a Micro Savings Account:
- Just go to any 3,000 Cebuana Lhuillier Branches or Cebuana Lhuillier Bank branch. (For more information, please view branch locator).
- Fill-out Customer Information Sheet (CIS) and Payment Request Form (RPF) and show your 1 Valid I.D. Card.
- You will receive two (2) SMS that shows your account number, initial deposit and advisory message.
- Activate your Card at POS Terminal at any Cebuana Lhuillier Branches or Cebuana Lhuillier Bank branches.
- Wait for 24-48 hours before using your 24K Debit Card at Micro Savings Account.
You can also open Micro Savings Account using eCebuana app available at App store and Google Play.
- Initial Deposit: P 50.00
- Minimum Maintaining Balance; None
- Interest rate: 0.20%
Now its powered with a Debit Card, you can now withdraw your cash at any of the 21,000 BancNet ATM’s, cashless payment in over 360,000 BancNet and UnionPay partner stores or withdraw at any Cebuana Lhuillier via Cash Agent. This is a good start for every Juan who wants to start saving without getting intimated with their budget.
Being a parent can be tough, especially if you’re doing it all on your own and relying only on your income. Some budgeting and financial planning, however, will help you make ends meet and enjoy being the super mom you are.
Amemar EspañolaSeptember 26, 2022 at 10:40 pm
ang ganda nga daw nito mii sabi ng tto ko, dito nya nilalagay ang savings nya 😍