maybe you can have different debit cards for different needs.
for example, you get your pay at your BPI expressnet ATM, you may subdivide it to BPI express cash card. just my two cents worth.
I don’t know about debit cards but having multiple savings account in the same bank is possible as long as you open in different branches.
Thinking along this line, you can then open an ATM savings account in several branches of the same bank and fund those accounts monthly (perhaps online) from a “mother account”.
Afterwards, you can just assign each ATM card with the appropriate budget for your specific needs, ie grocery ATM, entertainment ATM, clothing ATM, etc.
you can try BPI’s SAVE-UP account parang gagawin syang sister account together with your BPI ATM express…puede kang mag-lagay ng certain amount of money dun (min P250) every month (either online or mismo sa bank na). the good thing about it is its a life-insurance+savings account na already..you can’t withdraw it sa ATM unless i-online fund transfer mo sya sa BPI ATM express mo..kumbaga kelangan may online account ka muna sa BPI pag meron ka nito..
My name is Fitz Villafuerte and I own this website. Iām a Filipino entrepreneur, author, corporate trainer, and a Registered Financial Planner.
In here, I curate various questions on business, investments, and personal finance. But there are also questions about wealth, success, and life in general.
You can visit and read my blog here; and if you want to send in questions that you want me to answer, then just email me here. Thanks!
That’s a good question – an alternative budget method aside from the envelope question. Mag-research nga ako. Hehe.
But in any case, the envelope system is simple and effective – kahit through Excel mo lang ginagawa. š
maybe you can have different debit cards for different needs.
for example, you get your pay at your BPI expressnet ATM, you may subdivide it to BPI express cash card. just my two cents worth.
@jumnix
Nice i never thaught of that, debit cards hehehehe but is it legal to have multiple debit and savings account in the same bank?
or is it difficult having diff. debit cards of diff banks
I don’t know about debit cards but having multiple savings account in the same bank is possible as long as you open in different branches.
Thinking along this line, you can then open an ATM savings account in several branches of the same bank and fund those accounts monthly (perhaps online) from a “mother account”.
Afterwards, you can just assign each ATM card with the appropriate budget for your specific needs, ie grocery ATM, entertainment ATM, clothing ATM, etc.
@fitz
Nice one sir fitz
Parang envelope parin pero atm style, may bagong name na ATM system hehehe
@erds518
you can try BPI’s SAVE-UP account parang gagawin syang sister account together with your BPI ATM express…puede kang mag-lagay ng certain amount of money dun (min P250) every month (either online or mismo sa bank na). the good thing about it is its a life-insurance+savings account na already..you can’t withdraw it sa ATM unless i-online fund transfer mo sya sa BPI ATM express mo..kumbaga kelangan may online account ka muna sa BPI pag meron ka nito..
@abby
yes i heard about that ung insurance mo eh 5times ng balance mo sa account heheheh, pagiisipan natin yan