6 tips to save money even on a small salary

Budgeting on a budget: Build your future one peso at a time.

You don’t have to be “math-talino” to start your personal finance journey. And you don’t have to be rich to learn how to budget. It is about making sure your hard-earned pesos work as hard as you do.

Here are some simple ways to help you get started.

Needs vs. wants

We all know how difficult it is to avoid that 1.1, 2.2 or 3.3 sale online. But before you hit that “checkout” button, try the 72-hour rule. If you see something you want, wait three days. If you still want it and it fits your budget, then it is a conscious choice, not a “budol.” Remember, a sale isn’t “saving” money if you weren’t planning to spend it in the first place.

Reverse the strategy

Most of the time, we follow the Income – Expenses = Savings formula. The problem is, we often find ourselves with nothing for savings.

If you can, try the Income – Savings = Expenses. As soon as your salary hits your bank account, set aside a specific amount, even if it’s just ₱500. Treat your savings like a bill that must be paid to your future self. It doesn’t have to be big to call it “savings.” Be realistic.

The “pamasahe” & “baon” hack

One of the fastest ways to save on a small salary is to audit your daily convenience spending. Small, repetitive costs—like booking a ride-hail app because you’re running late or buying a ₱150 meal at the office—eat up a huge chunk of your take-home pay.

Try preparing and packing a meal even just three days a week. Bringing your own coffee or lunch can easily save you ₱2,000 to ₱3,000 a month. You can also try waking up 15 minutes earlier to catch the cheaper commute option instead of the “emergency” expensive ride.

Maximize government & digital perks

Don’t let your money just sit in a traditional bank account where the interest is almost zero. If you have a small salary, you need every centavo to grow.

Look into Pag-IBIG MP2. You can start with as little as ₱500. It’s tax-free, government-guaranteed, and historically gives much higher returns than a regular savings account.

Find your “money mentors” online

In the age of social media, financial literacy is just a scroll away. However, the key is to follow creators who simplify the “nosebleed” world of finance and make it fit the local context. Following these voices can provide daily reminders and tips that keep you on track.

Follow reputable Filipino creators like Nicole Alba or The Simple Sum Philippines for visual, beginner-friendly breakdowns of complex topics. For practical, “tough love” advice on saving and debt, creators like Chinkee Tan provide time-tested strategies for every income level. If you’re looking for a balance between enjoying life and being smart with money, Jax Reyes offers great tips on maximizing credit card perks and travel hacking.

Be wary of “get rich quick” influencers or those pushing specific crypto coins without explaining the risks. Look for creators who prioritize building a solid foundation before jumping into high-risk investments.

 

 

You don’t need a six-figure salary to start building a better financial future; you just need a better system.

 

 

DISCLAIMER: The information provided in this article is for educational and informational purposes only and does not constitute professional financial advice. These tips are based on general personal finance principles and shared experiences. Because every financial situation is unique, it is important to conduct your own research or consult with a licensed financial professional before making significant investment or financial decisions.

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