Alexandoy
VIP Contributor
A cousin had the difficulty of saving money because he loses the motivation once the savings gets big enough. He earns minimum wage so his reason for spending his savings is his small salary. But he needs to buy a motorcycle for his personal transport to save him not only money but also time in going to work.
Someone suggested a savings challenge to him. He would be saving 5 pesos per day which is around 10 cents. That amount could be from his food allowance which is easy. In a month he had saved 150 pesos and in a year that would be 1,800 pesos which is pretty small for a down payment for a motorcycle. But that challenge had taught him how to save. Now he is saving a bigger amount every day.
Someone suggested a savings challenge to him. He would be saving 5 pesos per day which is around 10 cents. That amount could be from his food allowance which is easy. In a month he had saved 150 pesos and in a year that would be 1,800 pesos which is pretty small for a down payment for a motorcycle. But that challenge had taught him how to save. Now he is saving a bigger amount every day.