In Lifestyle, Millennial on
October 15, 2017

How I Saved P30,000+ in 2 Months With This One Trick

Have you been struggling with saving money and been looking for a money saving trick that will work for you? Are you living paycheck to paycheck without even having the chance to save a portion of it?

Before anything else, I want you to know the I feel you. Legit.

In my Quick Tips on Keeping Track of Your Money blog, I revealed how I loved splurging and buying things I don’t need. With the help of my budget trackers, I was able to have a clean overview of my expenditures, thus helping me save money.

However, that is not the ultimate trick that I’m going to share with you. This one trick that worked for me helped me save about P30,000+ in 2 months. I could have spent this P30,000 on food and make-up but because of this trick that I learned over the summer, it remains untouched in my bank account.

Today you’re going to learn how to live a broke life.

Pin it!how i saved P30,000+ in 2 months with this one trick

Living a Broke Life

The trick is to have a mindset that you’re broke, even though you really aren’t.

You ever saw this meme that says something like “I can spend $500 on one night and survive 3 weeks with $5”? Yeah, that latter bit of the meme is what we’ll be doing. We’re going to set a certain amount of money that you can only spend within a stipulated time frame.

I don’t believe in the “Save 10% of your income” shenanigan because that mindset still makes you think about the remaining 90%!

I’m going to teach you my effective ways of living a broke life to help you internalize that you’re hypothetically broke. I will be listing the steps that I did the past 2 months that helped me save P30,000 as a 23-year old 7am-3pm worker!

What are you saving for?

For this money saving trick to work and to effectively commence your broke living for the next couple of months, you need to answer this question: What are you saving for?

It’s not enough to say for the future because that’s vague af! You need to have a goal that is specific and possible.

In my case, my driving force and motivation to save is for my summer holidays in 2018. The boyfriend will be flying over to spend his holidays in Manila for the first time, and that is why I think it’s my strongest motivation of all time.

See what I mean? I’m saving for something that I feel so strongly about and is drawing near. The time limit (a couple of months) is pressuring me to save and stick to the goal. Don’t get me wrong! Something doesn’t have to be drawing near for you to save for it. It can be 5 years, 10 years, or even 20 years down the line. As long as it’s specific and possible.

By possible, I mean that if you’re working a 9 to 5 job, it’s impossible to save 1 million in 2 years time. Be realistic, sis! This is a money saving trick, not magic!

So now that we have your goal set, let’s move on to the next step!

READ: 5 Smart Ways to Learning Personal Finance

What are your fixed monthly expenses?

how i saved P30,000+ in 2 months with this one trick

Photo courtesy of Pexels.com

Rent? Electricity? Internet bills? Food allowance? List them down.

When you get paid, don’t just pay everything at once without taking them into account. Doing this will ensure that you put your priorities first before anything else. Don’t feel bad for paying for these monthly bills because these are your own utilities and you’re responsible for it. You’re literally paying to live.

What I do is I list them down and add them all up. The sum will be the fixed amount that I will be deducting from my pay, and the remaining amount will be the potential savings. It is still a potential saving because there will be circumstances that you need to shell out for something important and doesn’t occur monthly.

If you sign up to my newsletter below, you will get access to my printable budget trackers that will help you in laying out your expenses!

Now that your bills are out of the way, let’s start living a broke life.

Money Saving Trick that Works

how i saved P30,000+ in 2 months with this one trick

Photo courtesy of Pexels.com

After paying for your monthly utilities, inhale and exhale, and repeat after me: Man, I’m broke af.

Keep repeating the lie until you believe it. Don’t look at your bank balance. Or if you really have to, drill in your head that that’s not yours. Well, technically, that money isn’t yours at the present; it’s for the future you.

My late grandmother would have scolded me for saying I’m broke because according to her, it attracts negative vibes that might actually make you broke. Sorry, nanay! There’s an advantage to being negative after all!

I have declined many invitations to hang out, saying I’m broke and all, ignored every opportunity to spend (unless I really need to spend) and stayed at home to watch Netflix. I don’t buy expensive art supplies anymore, because I actually haven’t used up what I have at the moment.

Of course, don’t deprive yourself from the things you love. If you love Starbucks coffee, go get Starbucks coffee at least once every two weeks. If you love books, buy books! Knowledge is power. If you’re running a blog like me, your blog bills are part of your utilities.

Don’t stop yourself from spending (just a little bit) for the things that make you feel alive.

This is why a lot of people fail to save or think that saving is very difficult. It actually isn’t. As long as you make sure it’s a controlled spending, and not the “apocalypse” kind of spending where you just spend like there’s no tomorrow, everything will be fine.

The trick might sound stupid, but it works. If it’s stupid and it works, it ain’t stupid.

So go ahead and try this trick, and let me know in a few months how it went for you!


What are the money saving tricks that you’ve tried?


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