A blog post from Kuripot Pinay on how someone can save almost Php 69,000 a year went viral on my Facebook wall today. The premise is simple: start the first week saving Php 50, and add the same amount every week for 52 weeks. At the end, a person will have Php 68,900.
Fifty pesos seems easy enough to keep weekly, but having to add fifty for 51 more weeks it means that every week from October onwards, you’d have to save at least Php 2,000 a week. Bigat!
So on one lazy January day last year, charts varsity Emerald Ridao came up with modified table, showing how much you’d save with a base amount of Php 20 to a maximum of Php 100. You know, for those who have scuttled under the poverty line after spending more than three thousand pesos on that Starbucks planner.
Saving Php 20, adding the same amount weekly, will yield a decent Php 27,560 at the end of the year. A thirty peso-base will yield Php 41,340, while a Php 40 base will give you Php 55,120. For the more blessed, Php 50 weekly will net you Php 137,800 at the end of the year.
Emerald suggested that if the contributions get too heavy for the bigger amounts, it wouldn’t hurt to slide down a notch or two. For example, one can start with the 50-peso base. But when it gets heavy, say at Week 20, where you have to contribute Php 1,000, it’s perfectly fine to slide down to the 40-peso base, where Week 20 is still just as 800. In week 40, the contribution for the 50-peso base is already at Php 2,000. Sliding down to its equivalent from the 20-peso base demands just Php 800 as well.
We have put together a 2015 Pinaka-Kuripot version that starts with Php 10! Good luck!