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Ipon Diary: My daughter's second successful savings

 “The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.”

T.T. Munger


Last January 2019, my two-year-old daughter was able to successfully complete a year of her ipon journey. Though she's still too young to understand the importance of what she's doing, I let her do it anyway - so saving will be a natural thing for her.


Why am I doing this?


Well, that's because I was bad at handling my finances when I was young. Instead of thinking about where to keep the money, my mindset was always "where to spend the money" - which is very wrong and I learned my lessons the hard way. If not, I will not be into saving, right?


At the age of 2 years old, my daughter was able to save 2, 246.85! This is quite small for adults, but for a two-year-old, this is already a milestone. With that money, we decided to buy things she wanted, and for the rest, we deposited it into her Junior Savings account. 


Going back, how was my daughter's ipon journey now?


To be honest, her supposed second ipon from January 2019 to September 2019 was spent, which is why she started another second ipon from December 2019 to December 2020.


What happened?

We were able to use it during the time that we needed it the most. Apart from our own savings, earnings from our side jobs, we were able to use her own savings for our daily needs. See? Financially, nakatulong na siya sa amin ng daddy niya. Though we didn't want to open her piggy bank, we needed to, because our daddy accepted an offer that would require our family to adjust.




As of now, tinago ko muna ang successful ipon niya. I have no plans of opening it yet until allowed na makalabas ang mga bata. We are planning to open another account for her on a different bank wherein moving forward, lahat ng successful ipon niya will be deposited on that account. Her Junior Savings account naman is being maintained by me for savings purposes din.

How much is her total ipon?

I have no idea. I decided not to open it para hindi rin magastos sa ibang bagay. Lahat nang na-received niyang cash on her birthday and last Christmas were here (meron din atang from last December 2019 Christmas). Hindi ko siya iniscam, promise!

Paano ko siya na motivate to save?

By being honest sa daughter ko.

When she was two, kala niya siguro we're just playing. But, during the time na kailangan na namin pagkasyahin kung ano lang ang meron kami, I'm being honest with her. Dinala namin yung same mindset kahit naging okay na ulit yung finances namin. Whenever we go out (2019), titingin lang yan sa toys and pipili lang ng afford namin. Tuwing nakakakita siya ng coins, nagpapaalam siya na ilalagay niya 'to sa alkansya niya.

One more thing, whenever she's being a good girl, binibigyan ko siya ng prize - coins. Masayang masaya yan kapag may ilalagay siya sa alkansya niya. Parati kong sinasabi sa kaniya na we need to save enough so daddy won't need to go out of the country to work. And she will respond, "opo, kasi wawa siya".

That's so cute of her na may concern sa daddy niya and naiintindihan niya na daddy is not with us because he needs to work for us.

Is she going to start another ipon this year?

Absolutely yes!

We initially thought of buying a big piggy bank. Kaya lang, we decided not to because it costs almost 300 pesos! Sayang, pang-ulam at dagdag ipon na rin yun!

So instead of buying, nag-DIY kami!

We had empty bottles of soft drinks from her previous birthday, so I decided to use that instead. After cleaning it, I asked her to cover it with colored paper and let it dry for a day. Then, I searched the internet for a downloadable Peppa Pig label and printed it on sticker paper.

Peppa Pig is her favorite character by the way. 

My purpose in sharing this is not to brag but to inspire everyone to save at all times. This is especially true nowadays when almost everything is not certain due to the Pandemic. Savings will definitely save us.


For comments and topic suggestions, please don’t hesitate to write a comment below.

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