11 months Simple ways to balance saving and spending Manilatimes |Biz
JOSH MASCARIÑASMost Filipinos only keep less than P5,000 in their bank accounts, said a 2017 Bangko Sentral ng Pilipinas (BSP) report. Though the number of deposit account holders in the Philippines had improved by 6.8 percent in 2017, 62 percent of depositors still keep small amounts of money in their accounts. Odd, right? Knowing how jampacked malls are every payday. Indeed, this gives a sense of how Filipinos deal with their finances. Yes, it’s hard to find the middle ground between saving and spending. It’s like falling on one end of the spectrum or the other. Either you religiously save ... more