Pay your Meralco bill using the BDO app!

“一寸光阴一寸金, 寸金难买寸光阴”
Time is money, and it is difficult for one to use money to get time. 

There are many Chinese sayings about money. I remember as a young girl, people would always tell me that loans should be avoided–as the idea of owing money is perceived negatively.

Nowadays though, with the economy changing, it’s virtually impossible to not owe money to anyone. Loans doesn’t just mean applying to borrow money from social security or credit cards–any kind of postpaid bills are kind of a loan too if you think about it.

When you apply for a line of service, companies take into consideration your credit score. That’s basically a measure of how good of a payer you are. While your purchasing power is a basis of your overall ability to pay, your historical trending play a bigger part; especially since this reflects your attitude towards your responsibilities.

This is check, why not make it your new year resolution to pay your bills on time? 

Why save?

Having a Savings account can mean the difference of buying a spiffy new gadget when it goes on that rare three-day sale or that Piso fare plane ticket to your dream vacation. What’s even more important is getting healthcare when it’s needed or whenever you have to bail out a family member from their dues while they don’t have the cash to do so.

While many people think of their savings account as an emergency only pool of funds–it definitely does not have to be that way.

Open a Savings account with BDO

Now that we know why and how much you should save, let’s talk about the where:

Banco De Oro, formally known as BDO Unibank Inc., is the largest bank in the Philippines. With over 1000 branches nationwide, 3000 accessible ATMs–the financial institution has more than twice the assets of the PNB and is way ahead of Metrobank, Landbank and BPI. In fact: PNB, Security Bank and DPB can put all their assets together and BDO would still tower over them. This is based on PhilStar’s survey from July 2016. That’s substantial development from their start back in 1968, where they were formerly know as Acme Savings Bank. (Looney Tunes, anyone?)

BDO seems to be the choice of the younger demographic. Mainly because the bank is synonymous to SM, the biggest shopping center in the country. You’d find a BDO ATM at every corner of the mall, when you’re doing groceries and at every entrance of their department stores. That’s a big thing in terms of availability.

Saving up

Many people find it hard to save money. But the truth is that it would only take you discipline and determination to achieve your financial goals.

Some people think that increasing your monthly income would help you save. However, many people would also multiply their spending in proportion to their earnings–so in the end, it doesn’t make much of a difference in the amount of funds you tuck away for a rainy day.