Money Relationship Status: It’s Complicated

Money is a topic that people avoid talking about and the most misunderstood. For Filipinos, starting an argument about money is like discussing sex, politics, or religion. Each person carries a strong belief and follow practices that hinder proper money management. We often hear the phrases “money is the root of all evil”, “God will provide”, and “malas ako sa pera” to justify one’s financial status or inaction. People use these excuses to not exert an effort to change their money relationship status from “it’s complicated” to “happily financially literate”. 

Just like any other relationship, a strong foundation is necessary to build something that is long-lasting. How we deal with money matters goes down to how we first understand it as a child. Revisiting my childhood memory, I remember that my mom always tagged me along whenever she goes to the bank. When I was old enough to understand, she showed me my bank passbook. She told me that she has been depositing the gift money I received every Christmas. I grew up with the habit of trying to save as much money as I could from my school allowance. 

The basic formula 

My first job after college was as an investment / accounting assistant in a bank. It should have made saving money easier for me. But earning my own money, I was tricked to believe that I am entitled to spend and pamper myself for working hard. 

income – expenses = savings 

Following the basic formula “income – expenses = savings” that most of us are familiar with, I noticed that I only save what’s left after splurging on things I don’t really need. Having a salary increase didn’t make me save more. It only made me spend more. While my mom taught me the value of saving, I was never given the responsibility of budgeting. 

income – savings = expenses 

It was only when I attended a workshop on financial literacy that I got introduced to a goal-oriented formula. The speaker said that we should set a long-term financial goal, make short-term sacrifices, and reward the self appropriately.

Whether you want to save 10% of your monthly income or P1,000 every payday, the challenge is to have the discipline to save. Limit your expenses, make small sacrifices (honestly, you don’t need to drink milk tea every single day!) to achieve your desired financial status. 

How about trying the Bente Bente? 

BDO Foundation’s Financial Literacy Campaign 

I was fortunate to be invited to a webisode taping on financial education as part of BDO ‘s efforts to support the financial inclusion advocacy of BSP. Watch this video with Ms. Ali Sotto interviewing BDO Foundation President Mario Deriquito.

BDO Foundation, the corporate social responsibility arm of BDO Unibank Inc. promotes financial education as a means to financial inclusion. In partnership with BSP, BDO Foundation produced financial education videos for the teaching and non-teaching personnel of DepEd, K-12 students in public schools, members of the Philippine Army, as well as OFWs and their beneficiaries. These videos aim to educate each member of these key sectors on how to properly manage their hard-earned money through saving, wise spending, investing, even avoiding scams and borrowing money from unauthorized lenders like 5-6.


  1. Wow nakarelate ako sa 1st video .. This year kasi naisipan ko magipon sa plastic bottle ng 1.5 hindi man tig bente pero sinisave ko tig 5 at 10 mga barya barya .. Hiwalay ang 20 at 50 pesos sa pagiipon ko .. After 6 months ng pagiipon ko nkaipon ako ng 10k at pinasok namin ni hubby sa bdo para sa savings.. Until now ginagawa ko pa din ang pagiipon ng barya barya .. Hindi lang para makapagipon natuturuan ko pa mga anak ko na magipon sila ng mga barya barya ..

  2. Wow mganda nga ito momsh BDO card holder kmi kaso di ko PA na try itong savings na ito Maka pag inquire nga din sa kanila once Maka visit sa BDO bank

  3. Thanks for this Ms Roselle. Totoo ka naman, when it comes to money matters we often shrugged it off and avoid scanning and reviewing our expenses. When i was working, i was already studying and supporting myself. I was tricked too bec from the little amount i have, i would go buy skinny jeans ( haha flex ko lang na that times uso ung skinny pants and hep hep skinny ako ako that time vs now �� ) so ayun because i said I've been working hard too and am sending money too for my parents so why not treat myself? Pero now i realized it was no good. And your Mama is really kind enough to save up for you that's why am doing that too with my eldest. Actually may savings na siya since sa family siya ung di palagastos or shall i say may pagka kuripot pero in a positive way. Ayaw nya ng bili ng bili. Masarap talaga yang may makausap na someone to teach you financial literacy and i was able to talk to someone too last month. Tama na we should take few sacrifices, some cost cutting, kasi unknowingly ung mga un naiipon and it's huge amount pala. Watching this BDo video with my son and will tell hubby too. Really helpful to manage our finances well .

  4. I was planning to to save sa bdo . Kasi request ni hubby sa bdo kabayan . Kaso my paper na need since ofw xa..til now diko pa na process.. For now I'm saving pakunti kunti sa cebuana 😁 for our bahay goal sa bahay namn. My piggy bank kami ng kids wc pg my barya sila doon nila ihuhulog..babasagin yon ds Dec. Bday ng panganay ko. My hiniling kasi xa wc is for me pricey.(mg stay sa resort na. May pool on his 6th bday) 😂 kaya sabi ko tulunan ako mg ipon pra matupad yon . Ayon my cooperation nmn kahit araw 2* barya2*lng talaga. 😁 SA konting Pera na. Padala ni hubby ill see to it na mauunang makaltas ang savings bago bayarin at grocery.
    Balik ako sa bdo soon Inquire ako about dito.. Thank you


Thanks for sharing your thoughts :)