The holidays may leave your wallet lighter than you’d like, but that doesn’t mean you have to sacrifice your style or comfort in the new year. If you’re ready to step back and keep your home (and life) comfortable without hitting your budget, Maya, the #1 Digital Bank App in the Philippines, has you covered!
With these simple, practical tips and Maya’s high-yield savings and flexible credit options, you’ll be on your way to starting 2025 feeling financially secure and confident.
1. Use Your Post-Holiday Funds
Think of this as a quick decluttering session for your bank account. Collect those holiday receipts, check your statements, and determine exactly where your money went last December. Have unexpected gifts or last-minute party expenses taken a bigger chunk out of your budget than expected? Maya makes it easy to track spending in real time, so you know exactly where you stand and can set more realistic goals going forward.
2. Try to Stop Spending for One Week
Before you commit to a new monthly budget, give yourself a short “financial detox” to see what expenses you really need. It could be putting a pause on non-essential purchases or covering only the basics like groceries and bills. After that, check your Maya app to see how much you’ve saved and use that small success as motivation to set a new monthly spending plan.
3. Stay in Control with a Prepaid Budget
After mapping out your financial plan, track your day-to-day spending with the Maya card. This debit card allows you to spend only what is in your Maya Wallet, giving you a real-time hold on every peso. It’s perfect for everyday purchases like groceries or a quick coffee purchase, eliminating the risk of going over your budget. You’ll also see your balance updated instantly in the Maya app, so you know exactly where your money is going and can avoid unreasonable splurges.
4. Give Your Money a “Spa Day” for High Yield Savings
Once you’ve picked a stock, it’s time to let your money do the heavy lifting. Maya’s high-yield savings, offering up to 15% per annum (pa), are like giving your cash a refreshing spa day. Whether you deposit a large portion at once or make small amounts throughout the month, watching your balance grow feels like a small win every day.
Want to take it a step further? Start new financial goals for the new year with Maya Personal Goals, where you can set five unique goals, each earning up to 6% pa until Jan. 31. Need more makeup? Try the Overtime Deposit – lock in your savings for 3, 6, or 12 months at rates up to 5.75% pa It’s a quick way to recover from holiday spending while you work on something better.
5. Rely on Maya Easy Credit for Emergency
Sometimes life just can’t wait for your monthly budget to catch up – like when you need a gadget upgrade or home improvement as you head into the new year. Instead of draining your newly revived savings, Maya Easy Credit acts as your financial security, so you can keep that wallet detox momentum going strong.
With a little planning and a few smart changes, you can make January a fresh start for your finances. To learn more, visit maya.ph or mayabank.ph. And don’t forget to follow @mayaiseverything on Facebook, Instagram, YouTube, and TikTok, and @mayaofficialph on Twitter for tips, tricks, and updates on how to stay on budget all year long.
Maya Philippines, Inc. and Maya Bank, Inc. regulated by the Bangko Sentral ng Pilipinas (www.bsp.gov.ph). Deposits are insured by PDIC up to P500,000 per depositor.
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