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How to Save Money As a Student in the Philippines

Last updated: April 15, 2024

Key takeaways:

  • Have the plan to save money
  • Create a budget and stick to it
  • Find online work as a side hustle
  • Avoid spending too much on unnecessary food
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How to save money as a student in the Philippines

The Philippines is a progressive country. Salaries are low, and students may not get much money from their parents. As a student, we are sure you want to save money for something—and we will help you do it.  This article will help you save funds by giving you ways to do it properly.  In the end, you will have a method to save money and achieve your savings goal. Lastly, you will realize why saving money is important for students.

How to Budget your Money as Student

The first trick to saving money is having a plan. There are two key components here. The first one is to set a savings target, and the second one is to manage your daily expensesBefore you can do both, you need to identify two things: your allowance and your necessary daily expenses. 

So, for example, if your allowance is ₱150 per day, you must know how much you spend in school. 

Here is an example:

  • Back-and-forth fare – ₱30
  • Food – ₱60

In this case, your total basic cost in the day is ₱90. If your allowance is ₱150, you still have ₱60.

The next step is to think whether that is really enough. Generally, you can add 20% of your total cost to your daily expense for miscellaneous expenses. 20% of ₱90 is equal to ₱18.

Now, your total cost is ₱90 + ₱18 = ₱108. From ₱150, you still have ₱42. Lastly, you need to set a savings target. If you go to school 20 times a month, your total allowance is ₱150 x 20 = ₱3,000. 

How much money do you want to save in a month? Typically, the ideal savings is 20% of your total money. In a month, you should save at least ₱600. If you can save ₱42 per day and multiply that by 20, it means that you can save ₱840. Since your goal is only ₱600, you still have ₱240 to spare.

How to save money as a student

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Loan for Students in the Philippines

Money Saving Tips for Students in Philippines

In this section, we will share several tips that you can use to save money the proper way. Here is a list of our tips.

  1. Get student discounts – there are canteens and pantries that offer discounts for students; only buy from these canteens. Do not buy in full price. Take your time to find the best deals, as there are many stores that offer 10% or 20% discounts to students. Just show them your ID.
  2. Buy only what you need – do not get tempted to buy things you do not need. For example, do you really need a bracelet? Even if it is just a fancy one, an expense is an expense, and you must avoid it.
  3. Avoid vices – do not drink or smoke; vices are bad for your health, and they are also expensive. Vices can also make you sick, and you will pay for medical expenses.
  4. Do not buy luxury – even if your friends are wearing expensive stuff like jewelry or branded clothing, there is no reason for you to try to fit in.
  5. Buy pre-loved items – if possible, do not buy brand-new stuff. For example, if you want to buy a book, there are thrift stores you can find where you can buy second-hand books. It is cheaper to do this, and you can save more money.
  6. Sell things you do not need – if you have stuff you do not use anymore, like an old novel, you can always sell it. You can sell it on eBay Philippines. Letting these things go and earning money from them is better than letting them rot on your shelves.
  7. Swap stuff instead of buying – find a means to exchange your item for another. There are online forums where you can look for somebody who may be interested in your stuff. If he happens to have what you’re looking for, meet up and swap
  8. Buy wholesale – instead of buying retail, buy wholesale. For example, buy an entire ream of bond paper. It is cheaper this way. Of course, do not bring the entire ream to school, as your classmates will use it. Only bring to school what you need.
  9. Save on transportation – you must save money on transportation. If possible, cut costs. If your school is so close, you can always ride a bike. You can also take a jeepney instead of riding a taxi.
  10. Do not spend on hobbies – find hobbies that are free to do. Do not enroll in a gym or something. Today, there are many free things you can do online today if you want.
  11. Try to get scholarship – if you study well, you can apply for a scholarship. However, grades are not the only things that matter. You can be a scholar if you are part of the varsity team or the news publication team in your school.
  12. Negotiate on prices – always ask for a bargain; haggle with vendors if you have a chance. This way, you can save money by not paying the full price.
  13. Forget about bars and restaurants – If you want to celebrate a memorable date or spend time with a large group of friends, try to buy food and drinks in retail stores and relax at home. Then you don’t have to overpay in establishments, because the prices of food and alcohol in bars and restaurants are much higher.
  14. Shared Housing – The life in the dormitory is not suitable for all students, and independent rent of housing in the big city will cost a lot of money. But don’t despair: you can always unite with friends and rent an apartment together.
  15. Begin to observe regime of a day – Don’t spend your nights preparing assignments, try to do them during the day. It will save your nervous system from stress and save electricity.

As you can see, there are many ways to save money. The trick here is simple: do not spend money if it is not necessary. It takes a lot of self-control to discipline yourself to do this. 

Another mindset you must adapt is this: can you buy the thing at a cheaper price somewhere else? If you have the patience to look for bargain prices, then you are on your way to saving money as a sudent all the time.

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Online Ways to Save Money as a Student

You surely have access to the internet. In this regard, be glad that there are methods to save money as a student in the Philippines by buying online.

  • Looking for Student Discounts –  Look for websites and apps that offer student discounts on a wide range of products and services, from food delivery to clothing and electronics.
  • Use mobile data promo – if you are on prepaid, do not use data without registering for promotions. For example, for Globe, you can text GS50 to 8080, and then you will have 1GB of data for three days.
  • Use Budgeting Apps –  Use budgeting apps like “Money Lover” or “Wallet” to track your expenses and set financial goals. These apps can help you understand your spending habits and save accordingly.
  • Order from China – there are many items you can buy on the cheap from AliExpress; you only have to wait longer than Shopee or Lazada. When shopping online, keep an eye out for discounts, flash sales, and promo codes.
  • Use Digital Coupons – Use digital coupon websites and apps like “ShopBack” or “CashCashPinoy” to find coupons and cashback offers for various online and offline retailers.
  • Use Educational Resources – Instead of purchasing expensive textbooks, explore online resources and e-books that are often available for free or at a lower cost.
  •  Free Online Courses – Take advantage of free online courses and educational platforms like Coursera, edX, and Khan Academy to enhance your skills without spending money.
  • Use Online Banking – Opt for online banking to save on transaction fees and enjoy the convenience of managing your finances from your smartphone or computer.
  • Student Loans and Scholarships – Explore online resources to find information about student loans and scholarships that can help reduce the financial burden of education.
  • Save in a bank – save money in a bank and do not get ATM, so you are not tempted to withdraw.

The last method is to join viral savings challenges online. There are many financial groups you can join on Facebook. Join them and get advice or participate in challenges.

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Plan Your Meals

There are three main ways by which you can save money on food:

  • Bring lunch
  • Avoid expensive and unhealthy drinks
  • Do not eat fast food

It is cheaper to cook food at home and pack lunch with you. This way, you do not have to buy food from fast food chains like Jollibee or McDonald’s. In addition, do not buy expensive drinks like Starbucks coffee. You do not need these things. Bring water with you.

Find Side Hustles

There are many ways by which you can earn money as a student online. Surely, you have a skill that you can offer. Of course, you need a computer to do some jobs.

Below are some of our recommendations:

  • Be a freelance writer – Explore freelancing platforms like Upwork, Freelancer, or Fiverr to offer your skills in writing, graphic design, programming, or digital marketing. Many businesses and clients worldwide are in need of freelance services.
  • Be an affiliate marketer – ffiliate marketing involves promoting products or services on your blog, website, or social media and earning a commission for each sale or lead generated through your referral. You can join affiliate programs of companies and promote their products to your audience.
  • Offer graphic arts – If you have graphic design skills, offer your services to businesses or individuals looking for graphic design work. You can create logos, banners, social media graphics, and more. Platforms like Canva can also help you create and sell design templates.
  • Online Tutoring -If you excel in a particular subject, consider offering online tutoring services. You can help students with their studies and earn money while sharing your knowledge. Websites like Chegg Tutors, Tutor.com, and even local classified ads can help you find students.
  • Delivery Services – Sign up as a delivery rider or driver for food delivery apps like GrabFood, Foodpanda, or Lalamove. You can earn money while helping with food and goods deliveries
  • Content Creation – If you have a passion for creating content, start a blog, YouTube channel, or podcast. You can earn money through advertising, sponsorships, and affiliate marketing once your content gains an audience.

You can publish your profile and offer services on Fiverr or Upwork. We also recommend that you take an online course. For example, you can take an online course for freelance writing, so you know what clients expect and how to compete.


You must invest in your future. Even as a student, you must save money, so you have something to spend in times of emergency. One of the benefits of saving money for students is that you are also building a habit that you will take with you as you get older.

Calculate your pre-approved loan amount with Digido calculator:

I want to borrow ₱ 10000
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* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.


  • How do you save money as a student?
    Save money by having a budget. Stick to that budget and avoid spending on luxury items.
  • How to earn money as a high school student in the Philippines?
    High school or college, save money by not spending. Or spend money that is lesser than what you are receiving. Find work if you must so you can supplement your income.
  • How do Filipino students spend their allowance?
    They mostly spend it on food and public transportation
  • How can I save money fast in the Philippines?
    To save money fast, you must earn more than your expenses. You can only do this if you have an extra income source, like a freelance job online. The first thing you must do is save money to buy a reliable computer.
  • Will I get rich if I save money?
    Not as a student but as an adult. If you build the right habit, you can save money so easily as it is already a part of your system.
Disclaimer and Editor’s note


Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.

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