Saving money is only for people who earn six-figure incomes, right?
Wrong.
That belief is one of the biggest reasons many Filipinos don’t even try to save. But saving doesn’t have to be intimidating. In fact, building a savings habit can make you more confident about handling today’s expenses and preparing for the future.
According to the Sun Life Financial Resilience Index (2025), almost every Filipino reports that rising prices have made it harder to save money, causing them to focus instead on daily budgeting. However, it isn’t entirely hopeless; the same study shows that Filipinos who actively save report feeling more financially secure, even if they set aside small amounts.
So if you’ve ever told yourself that saving is out of reach, you might just be believing one of the myths below. Let’s bust them.
3 Myths about Savings
There are plenty of myths and beliefs surrounding the habit of saving or building a savings account. Below are just a few of the most common ones.
1. “I need a huge income to get started.”
The truth: You can start with any amount if you’re saving in the right place.
In the World Bank’s report, The Global Findex 2025, they found that only about half of Filipino adults even have a financial account. But the good news is, digital platforms have made it easier than ever to begin. Take Atome Savings, for example. It doesn’t require a minimum deposit; you can start as small as ₱50 or ₱100 a week and watch it build up over time.
2. “Savings accounts don’t grow money.”
The truth: There may actually be some truth to this; other savings account types may only offer interest that isn’t enough to keep up with inflation. But most digital savings accounts have higher interest rates than most traditional savings accounts. As a bonus, some are able to pay you back the interest daily, meaning you can literally see your money increase every morning.
Here’s an example to put this in perspective.
Suppose you have ₱5,000 in your Atome Savings account earning 3.25% interest per year, paid out daily. On the first day, your balance grows just a few centavos to about ₱5,000.44. A week later, it’s ₱5,003.08. After a month, you’re at ₱5,013.36.
It might not feel like much at first, but that’s the power of daily growth: the longer you leave your money, the more those small gains stack up. Six months later, your ₱5,000 turns into ₱5,081.07, and by the end of the year, it reaches ₱5,164.74—without you lifting a finger. That’s money working quietly for you in the background, while you focus on everything else in life.
3. “Savings means I have to sacrifice my lifestyle.”
The truth: Saving is about finding the right balance between your future goals and current needs.
For a long time, the mindset around saving was all about sacrifice. That could include cutting out the little joys in life just to set money aside. But today, saving doesn’t have to feel like punishment. With digital savings tools, you can still enjoy your daily treats while building a cushion for the future. The new way of looking at it is simple: you don’t have to choose between living well now and being prepared later. You can do both.
Why You Should Consider Atome Savings
Atome Savings is one of the easiest ways to get started in building your savings. Much like the Atome Card, you can apply in a minute, all on your phone. No lines. No paperwork. Once you’ve opened your account (which has instant approval, by the way), you can enjoy benefits like:
- A higher chance of getting approved for an Atome Card (if you’ve been rejected and want to apply for another one)
- 3.25%* p.a. Interest, paid back to you every day
- 0 repayment fees on your Atome Card or Atome Cash bills
- No minimum deposit or lock-in period. That means you can withdraw your money anytime
Discover the Ease of Saving
At the end of the day, the biggest barrier to saving is often not our income but our mindset. Believing myths like “I need to earn more first” or “saving means giving up what I enjoy” only delays the financial security you deserve. The truth is, you can start small, grow steadily, and still live the life you want. This is especially true with modern digital savings accounts built for today’s lifestyle.
Atome Savings is designed to help you build that habit with zero pressure: no minimum deposit, daily interest, and the freedom to access your money anytime. It’s savings made simple, flexible, and rewarding.
Ready to get started? Scan the QR code on this page to download the Atome app and apply for your Atome Savings account today. Your future self will thank you.
