World Savings Day was first celebrated on October 31, 1924, in Milan to encourage savings as a tool for financial security.
Almost 100 years later, saving remains essential for fulfilling dreams, coping with emergencies, and living more peacefully.
And since Halloween also falls on the same day, here are some tips to help you avoid financial scares:
1. Define your savings goals (and they don’t have to be many)
Choose 3 or 4 clear and measurable goals, such as a trip, an emergency fund, or an investment, so that every peso has a purpose.
Halloween Tip: Don’t get lost in a forest of goals; stay focused on your objectives.
2. Save the same day you get paid (this way you avoid end-of-month scares!)
Setting aside your savings when you get paid helps you avoid excuses and ensures you’ll have something put aside each month. It’s like putting a pumpkin outside your door at Halloween to scare away ghosts: it gives you peace of mind.
3. Review your small expenses (those little savings monsters)
Small savings “monsters,” like snacks or coffee, can add up to more than you think. Review them to see where your money is going and adjust where you can.
Halloween Tip: Identify these “little monsters” that drain your wallet without you even realizing it.
4. Build an emergency fund (your amulet against financial scares)
Setting aside part of your income for an emergency fund is like a talisman against financial scares. This way, you’ll be prepared for any surprise without going into debt. Keep scares to Halloween!
5. Share the habit of saving (like someone telling scary stories). Spreading this habit to friends and family improves your quality of life and creates a support network. Let’s avoid financial nightmares together!
6. And why not invest? (So your money doesn’t become “ghost money”)
You can earn daily returns, with no limit, and use your money whenever you want. A key tip is to make all fixed expense payments, such as rent and utilities, on their due dates. Until then, you can earn returns with your money. Your money won’t just sit hidden like a ghost in your account, but will work for you while you wait.
