Manila, Philippines

The 3 Different Types of Pinoy Savers

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Truth be told, most Filipinos are not blessed with a lot of opportunities to grow their savings and earn bigger income. Our economy is not really in the best shape to provide such opportunities for the average Filipino household. 


On the bright side, it has taught many of us to be wiser when it comes to our personal savings, budget, and investments.

And quite frankly, we can tell the different types of savers and their pros:

The Practical Saver

This is the generic Filipino saver who firmly believes that the less you spend, the more you save. This is true considering that limiting your expenses is a reliable way to save more by the end of the month. In fact, most other types of savers are practical savers to an extent. But the practical saver resorts almost exclusively in economic choices such as jeepneys, affordable phones, value meals in fast-food restaurants, and simple clothing to maximize their savings.

The Advantage:

The bulk of a practical saver’s earnings usually goes straight to a savings account. While comfortable, safe, and reliable, the practical saver is probably hesitant to take risks in investment opportunities that can grow their income faster. Lastly, this type of saver will do well with a time deposit account since they can easily stick to a strict budget.

The ‘Bahala-Na’ Saver

This type of saver thinks that it is enough to maintain a savings account to be financially stable in the future – if financial security is even in this type of saver’s mind. Sure, they put some of their money on a savings account and probably have a steady source of income. But as far as their expenses go, they are definitely far from being economical. 

The Advantage:

Apparently, this type of saver considers getting discounts as means of “saving money”. Though it may not be the best way to save money for the future, they are keen when spotting good deals and more willing to take them than practical savers. Perhaps, their only advantage is they’re always on the lookout for discounts. Hence, they are among the first to avail of the latest credit card promos and deals

At one point, most Filipinos probably experienced having the ‘bahala-na’ attitude. Some people eventually realize the need for better saving measures, while others may be unable get out of this mindset for several years. In time, you need to learn when to put down your credit card; BDO, Metrobank, BPI to name a few.

The Risky Saver

The risky saver believes in one thing: money should work for you. They dislike being called as mere savers and prefer the word investor instead. It doesn’t matter if it’s a small sari-sari store, a street food business, stocks, or mutual funds. If you invest money for more sources of income, then you can be considered as a risky saver.

The Advantage:

They may not be as economical as practical savers or as indifferent as ‘bahala-na’ savers, but they are definitely aware of their financial status and will prioritize on getting bigger income. They may not be financially stable or successful now, but this type of saver can have a brilliant financial future simply because of the willingness and courage to take risks. Of course, they back this up with the diligence to do research and learn how an investment works from the ground up.


Jen Agustin is a writer/digital marketing supervisor for eCompareMo, a complete online comparison portal for Filipinos looking for quick, secure, and complete banking and insurance information in the Philippines. She love to travel whenever she can.

Photo contributed by guest writer.


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2 Responses


    When you ask most Pinoy if they have saving, most of their answer is no, why? Because most of us is bahala na savers, the main reason for this is lack of financial knowledge that is why we neglect to save. When you invite them to a financial literacy seminar, they have many reason, I am busy, next time, I will tell when I am available. But above all, as a financial educator, we need to pursue our vision and mission to help others. To Jen Agustin, and the owner of this site, may God Bless you to extend your help to others.

  2. Ray says:

    Too bad the “Bahala na” saver is not good at savings at all. Spending less money on expenses is NOT saving – that's still wasting money.

    On a side note, what's the most likely scenario to happen when they DO save?
    They use their savings to buy something more expensive.
    That's not saving at all.

    The “Risky” saver is spot on and should (as mentioned) rightfully be called “Investors.” They can afford to splurge because they already have savings planted in investments that will grow.

    After saving and investing a portion of your income for your future, then whatever you do with the rest of your income is up to you. You can use it for necessities or fun. You deserve it.

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