Have you ever worried about how to manage your savings until the next payday? While payday often calls for a well-deserved treat, watching your spending habits is key to properly managing your hard-earned money. Smarter spending means getting your money to go farther. Here are a few tips to help you maximize your earnings and make the most out of your next paycheck:
1. Sort out the necessities first.
First rule of payday spending: budget wisely. Schedule the payment of bills such as electricity, water, and communication ahead of time. Don’t forget to prioritize groceries and other home essentials, since needs should always go before wants. By putting your necessities first, you won’t have to worry about getting your subscriptions cut, or being faced with an empty fridge.
2. Do not forget the piggy bank.
Every month, have the discipline of setting money aside for your savings. Consider this your long-term fund for future use. Whether it be for your dream car, house, or retirement setup, a growing savings fund is a must for every earning individual.
3. When it comes to vacations, a bit of research can go a long way.
Long weeks of stress can often make you feel like you deserve to go on a vacation – and by all means, you do! Just do not fall into the trap of spending on a whim because your wallet is feeling fully-loaded from payday. Set money aside for that trip you’ve been wanting to take, and wait for the best times to buy -- research for non-peak rates, wait for airline promos, and scan booking sites before you buy. Oftentimes, putting in a bit of effort in your research can make a big difference.
4. Shop at your convenience, on your own terms.
Nowadays, payday is synonymous to traffic. People are out in the streets or in malls looking to maximize their payday gains. If you jump on the bandwagon, you risk spending unnecessarily on higher surge prices and stacked parking fees. Why not make a good, home-cooked meal, and treat yourself to online retail therapy instead? From August 15-18,Lazada Philippines will be hosting a Payday Sale – don’t miss up on this opportunity to maximize your payday spending at the comfort of your own home.
5. Keep an eye out for special deals and promotions.
Spend your money where you will get the most out of it. Another great thing about online shopping through Lazada is that the company always offers the best deals that will give you more bang for your buck. In partnership with your favorite brands and trusted banks, a discount, promotion, or freebie is always up for grabs at Lazada! A promotion you may want to keep your eyes out for this period is Mastercard Debit’s Lunchtime Deals -- get up to P400.00 off on your purchases between 12NN – 2 PM when you use your Mastercard Debit card for a minimum purchase of Php 1,500.00
6. Widen your search.
In this day and age, the surest way to find the best deals is to simply search for them! Browse for your favorite items online and compare prices. Don’t limit yourself to what’s available in the local market because Lazada Philippines opens you up a world of shopping options (literally!). And since Lazada now accepts Cash-on-Delivery for items shipped from abroad, there are really no limits to where you may find your next best deal.
At the end of the day, payday celebrations are well-worth it, as long as you know how to keep your spending in check. Apply these 6 nifty tricks during Lazada’s Payday Sale on August 15-18, and you’re sure to have your payday a-game on!