Kuripot Adventure

Hi beautiful creature and that’s– YOU! Claim na natin yan mga ka’sis and brother kasi lahat naman tayo e likas na magaganda at gwapo. Haha. Anyhow, I mentioned in my previous post about cashing out my money on my BDO savings account and putting them on BPI Maxisavers. 

Why I came up with that decision? My answer is simple; it is because of the interest rate that I can earn with BPI Maxisavers which is a bit higher than BDO and convenience. My company payroll is under BPI, therefore, you get the whole picture. Connecting the two account online means it is easier for me to transfer funds from my payroll account to Maxisaver. The table below is the interest rate on BPI Maxisaver:

Opening an account on BPI for a Maxisaver account is easy. You will need to bring the following requirements to your desired BPI branch:

1.    A 1x1 photo

2.    Two valid ID. I brought my unified SSS ID and company ID

3.     Initial deposit. If I remember correctly my initial deposit that time is more than 50,000 pesos. The customer service representative asks me if I also want an ATM with passbook but I told her that I’m fine with having an ATM only.

Bonus tips: Prepare the following information below because you will need them to complete filling-up the BPI Maxisaver form:

1.    SSS number

2.    PAG-IBIG number

3.    TIN number

After you complete the necessary forms, you will wait for 3 days before getting your BPI ATM card.

Once I got my ATM account, I didn't waste time and linked my BPI Maxisaver to my BPI online account. Here are the steps that I did to do this:

1. Go to BPI Online Official Website
2. Log-in to your account
3. Once logged-in go to:

My Portfolio>>Enroll Additional Accounts

Photo grabbed from: https://www.bpiexpressonline.com

and tick the box "Savings and Checking Account (with ATM card or Info Card)" then click the "Continue" button. You will prompt to this page:

Photo grabbed from: https://www.bpiexpressonline.com

Fill up the necessary information, click "Submit" and you're good to go!

I'm claiming that this 2018 I can and will achieve my goals of having an emergency fund, you can read my 2018 recycled and new goals by clicking the link. I am so excited!

If you are asking what will I do with my BDO savings account, I will still keep it and planning on putting my buffer funds there.


How about you? Where do you put your savings? Is it in the bank too? Share your experience by writing a comment below. I would like to read them.

One afternoon, I was busy browsing my Facebook account when I read a post from my friend Jethro (jethrosas.com). He posted something about emergency fund and buffer account. Curious about the meaning of the latter, I sent him a message asking him about it. He quickly replied and explained to me the meaning of buffer account.

As per Jethro, it is a spare money equivalent to my monthly income. If there’s a delay in my salary, I can use my buffer account to pay my bills on time without stressing myself or worst lend money to someone. Of course, the latter scenario is a big no, no.

After our conversation I'm eager to start and save for my buffer account next pay day. I guess I need to extend my shopping banned for two to three months to achieve it. Boo! Oh well I can do this!

I am no expert in this financial field, but I believe if I will start saving now I can have a debt free life and retire early.

What about you? Do you have a buffer account? How much are you willing to save for it? Share your opinion on the comment section below.