5 WAYS YOU CAN GROW YOUR MONEY LIKE A PRO

You’ve probably read articles about how to save money, and most likely, you’ll keep seeing the same advice to “cut your spending” and “budget your expenses.”

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Both are correct, but we should also consider unexpected expenses and rising prices of essential goods that could end up costing you an arm and a leg. Saving money can be challenging, but it shouldn’t be too difficult, especially in this day and age when resources are available to help us save and grow our money.

Here are some easy hacks on how you can grow your money.

1. Choose a bank with a highinterest rate

When choosing where to save your money, it’s important to consider three things: growth, security, and convenience. Most banks offer a 0.0925% interest rate per annum on a savings account and require a maintaining balance of at least PHP5,000. But there are digital banks that provide highly competitive offers so you can grow your money more – a must given the inflation! Take, for example, Maya, which offers a high base rate of 4.5% p.a. interest, which you can boost to 6% p.a. for another 30 days. You just need to pay at least PHP250 via Maya QR, card, or mobile number, settle your bills, or buy load in the app. All this, with no need to keep a minimum maintaining balance, plus you receive your interest DAILY!

2. Cryptocurrency investment