How do I effectively and properly allocate my salary?
Hey everyone, please please help because I honestly don't know where to start.
I’m 24 years old and I’ve been with my company for a year and a half now. This is my first job, and I completely admit and am fully aware of how terrible I am at managing my finances.
Right now, I earn 30k PHP a month. Out of everything I've earned so far, I was only able to save 150k PHP. Here is where it currently sits:
• 50k PHP has just been sitting in my BPI account since last year.
• The remaining 100k PHP is just pooling in my payroll account doing nothing.
I have decided to change things and start saving aggressively starting this month. But more than just saving, I want to allocate my money to the right channels and investments if possible.
I know my money is just losing value by sitting in low-interest accounts, but I am overwhelmed.
- Where do I start?
- How should I break down my 30k monthly salary?
- What are the "right channels" or high-yield savings accounts (digital banks) in the PH where I should move my current 150k savings?
- Are there any beginner-friendly investments I should look into?
Would love to hear your advice, frameworks, or any steps you took when you were in my shoes. Thank you so much!
Posted Jun 11, 2026, 2:40 AM UTC