Annabelle is from Southern Leite in the Visayas Region of the Philippines.
“I came to Singapore with nothing five years ago and I hope to go back with $25,000 capital for my business, which will take me another six years. I have $2,000 already, and I have bought a farm for my husband to work on and a motorbike for my son to get to work, so I don’t have to worry about them any more.
“I save $350 a month, keep $100 for my own spending and then send the rest as an allowance to my son and my mother. In six years, that $350 will be enough for me to have saved $25,000.
“I always feel sad if I buy something I don’t need. When I have savings I feel happy, so I always try to remember that if I see something I think I want.
“You must have a target for your saving, otherwise everything else you can buy looks good. If buying those things takes you away from your target, then you know you mustn’t buy. Targets are the most important things in saving.
“But the best secret is to save first. You must target how much you want to save and take that out of your income. Everything else can only come after. That is the only way to save.”
Photo by Matthew Henry from Burst.
