News & Events

How Opening a Savings Account Can Help You Achieve Financial Freedom

A man saving money while learning how to open a Micro Savings account


Everyone has a unique dream for themselves and their family. Some would want to travel the world, while others would want to build their dream house; there are those who simply want to live a comfortable life. All these noble dreams lead back to the ultimate goal: achieving financial freedom.

People who are financially free tend to have enough investments and savings to afford the life that they want and live without worries of ever going into a crisis. As beautiful as it may sound, being financially free is not easy to achieve, especially with the unpredictable state of our economy. Nevertheless, individuals who save properly are a step closer to achieving financial freedom.

If you’re someone who doesn’t earn a lot, you might be asking how you can develop the habit of saving when banks today demand huge deposits and high minimum maintaining balances. The answer is Micro Savings. This type of savings account offered by Cebuana Lhuillier allows you to save as little as ₱50 per deposit. It encourages you to save even small amounts so that you will have funds ready whenever you need them.

Find out in this article how to open a Micro Savings account to begin your journey toward financial security!


Achieve Financial Freedom by Opening a Savings Account

The path toward financial freedom is paved by savings. Here are the ways that a savings account can help you achieve your goal:


Meet Your Savings Goals

The hard thing about saving when it comes to low-income earners is the pressure to deposit more into your account. Most banks require high maintenance balances that many people cannot afford. With Micro Savings, you can have a more feasible goal for your finances.

With the low initial deposit of Cebuana Lhuillier Micro Savings, you can have the confidence to start small on your savings goal and slowly build up your fortune with whatever little amount you have left from your expenses.


Earn Extra Cash Through Interest

The great thing about opening a Micro Savings account at Cebuana Lhuillier is they earn savings interest annually. These interests help you earn a little by simply keeping your money in the bank.

What’s great about this is you don’t have to do a lot for your money to earn interest. All that’s needed of you is to make sure that your account balance is within the minimum required amount to earn interest. It might not be anything big, but any amount you earn passively is always good money!


Organize and Track Finances

Learning how to open a micro savings account can help you keep track of your finances and organize which funds would go to expenses and which would go to your future goals. This makes it easier for you to envision what goes on with your money. At Cebuana Lhuillier, we make things even more convenient for you through our Micro Savings app. This app lets you view your account online and gives you access to the other financial services we offer.


How To Open a Micro Savings Account

Opening a Micro Savings account is easy with Cebuana Lhuillier. All you have to do is fill out an account form at our branch and present a valid ID, along with your initial deposit and card payment. Once your request has been approved, you will receive your Cebuana Lhuillier 24k Card, which you can use to access your funds at any of the Bancnet ATMs across the country.


Other Tips To Help You Reach Financial Freedom

Reaching financial freedom is not a one-step plan. It requires dedication, planning, and discipline. Here are a few tips that could help you secure your financial future.


Set Financial Goals

Financial goals give you a direction when it comes to handling your finances. For this reason, it is important to set an achievable goal at the beginning of every year or month. Ask yourself how much you want to have in your savings by the end of the year and how you can achieve it. Start creating plans and divide your income accordingly.


Establish a Budget

Budgeting is the key to having an established savings account. The 50/20/30 strategy is one of the most reliable and realistic budgeting tactics. According to it, you must dedicate 50% of your income to your expenses, 20% should go to savings, and the remaining 30% should be set aside for emergencies. There are other budgeting strategies you can use aside from this. Find one that fits your capabilities.

Find Another Source of Income

If you feel like you are not earning enough to save and spend at the same time, then perhaps it is time to find another source of income. If you’re lucky, you can find passive income sources that barely require any effort as long as you pay the initial investment.


Cut Down on Unnecessary Expenses

One of the things holding you back from achieving your financial goals is overspending. Before purchasing anything, you should think thoroughly about why you need it. Ask yourself whether it is something that you would realistically keep for a long time. Better yet, avoid habits like window shopping and adding unnecessary items to your online cart to prevent yourself from making any purchases on impulse.


Take Advantage of Discounts

When you shop online or in-store, it is an economical habit to go for things that are on sale. However, you should also be careful in buying discounted but unnecessary items. Never purchase anything that you wouldn’t want to buy at a regular price. Otherwise, you are just throwing money for the discount and not for the sake of saving.



Being financially free or stable is hard but not impossible. Even with a small income, you can achieve the goal in the future if you save properly. Opening a Micro Savings account can help you get into the habit of saving your money no matter how little.

Open your Micro Savings account at Cebuana Lhuillier today and start your journey towards a financially free future. Read what other users say about us on our Cebuana Lhuillier savings review page and find out if we are the perfect fit for you!


Cebuana Lhuillier Micro Savings is a product of Cebuana Lhuillier Rural Bank. Deposits are insured by PDIC up to P500,000 per depositor. Regulated by the Bangko Sentral ng Pilipinas with contact number (02) 8708-7087 and email address con[email protected]. A Proud Member of BancNet and UnionPay.