Thrifty Netizen Shares How She Saves Money For Her Future By Collecting UITF Certificates

Did you know that in all Southeast Asian countries, the Philippines is one of those with lowest savings rates? According to the Bangkok Sentral ng Pilipinas survey last 2014, only 1 in 4 Filipino households are saving up for their future.

This is indeed worrying as no savings means that in time of emergency or sickness, the majority of the Filipinos do not have means to fund their needs. With no funds to use, that means that they could fall into debt or worse, do not have anything to cover their emergency needs.

No Savings

What is the reason why most Filipinos do not have savings? There is no exact answer. Some Filipinos have an easy-go-lucky attitude that prevents them from saving money. There are also others who do not have the discipline and commitment to stay in their path. There are a number of families who cannot try saving money because of their salary. After all, building up your savings starts with giving up a portion of your income.

A Facebook user and thrifty Pinoy shares that you don’t need to start with a big amount immediately if you want to start saving for your future retirement. According to Mary Grace Obliged Cantos, she is saving up for her future by alloting a portion of her salary.

Saving Up For the Future

Every 15th and 30th of the month, P2,000 of her salary is going to her BDO Savings account via auto debit. Every time her savings is amounting to P10,000, BDO is giving her a UITF certificate that she can redeem.

The thrifty netizen is very happy since she already has three UITF certificates from BDO that she can use for their future baby. She also requested to increase the auto debit from P2,000 to P3,000 so she can get the certificates faster.

Collecting UITF certificates is better than just saving them in your coin bank or in a regular savings account. The value of your money can increase in the future too. This is perfect for beginners who do not have to actively handle their funds since the bank does all the handling for you. For some institutions, you can earn as much as 100% gain.

[Image Credit: Mary Grace Obligado Cantos / Facebook]
[Image Credit: Mary Grace Obligado Cantos / Facebook]
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Are you interested in learning more about UITF? What do you think is the best way to let your money work for you?

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