We get it, you’ve been trying to save. You’ve skipped the milk tea, passed on that sale, maybe even opened a savings account. But somehow, your money still isn’t growing the way you hoped.
The truth is, a few common money mistakes might be getting in the way of your goals. The good news? With the right tools like the Maya, the #1 Digital Bank in the Philippines, it’s easier than ever to course-correct and move forward.
Here’s a breakdown of the top money mistakes that slow down your savings, and how Maya helps you fix each one with features that are actually built for how we spend, save, and manage our lives today.
Mistake #1: Thinking saving only happens when you don’t spend
Most people think the only way to grow your money is to not touch it. So you leave it in some low interest savings account, hoping it magically multiplies. But what if your money could grow while you’re out living your life?
How Maya Fixes it:
Maya flips the script. You don’t have to pause life just to save—because Maya makes your everyday spending part of your savings strategy. Every time you use Maya for your transactions you boost your savings interest up to 15% p.a. You’re literally growing your money while buying milk tea, booking flights, or shopping for new fits. The best part? Interest is credited daily, so you can see your money grow in real-time.
Mistake #2: Saving without clear goals
Saving without a target often leads to spending without intention. Without a clear goal, your savings can feel abstract and easier to dip into.
How Maya Fixes it:
Maya’s Personal Goals feature lets you create custom savings buckets for specific needs (think: emergency fund, travel, tuition, gifts). You can set a target amount and track your progress while earning up to 4% interest per annum. Saving with a purpose keeps you focused and motivated.
Mistake #3: Relying only on savings for emergencies
One unexpected expense like a medical bill or home repair can wipe out months of savings if you don’t have a backup plan.
How Maya Fixes it:
Maya offers Easy Credit, a revolving credit line built into the app where you can borrow up to ₱30,000 instantly when you need extra funds, with no documents required. It’s easy to manage with transparent terms and up to 30 days to pay your used credit. You can also apply for Maya Personal Loan that gives you up to ₱250,000 with no collateral needed. You can pay your loan up to 24 months, making repayments light on the pocket.
Mistake #4: Using multiple platforms for your finances
When your money is scattered across apps and accounts, it’s hard to get a clear picture of your financial health.
How Maya Fixes it:
Maya combines banking, payments, credit, savings, and investments all in one place. Whether you’re shopping online, sending money to a friend, paying bills, or saving for the holidays, you’re doing it all from one app helping you stay organized and in control.
Mistake #5: Not setting a realistic spending limit
When you don’t set a cap on how much you can spend, it’s easy to go over budget — especially when everything from food to online sales is just a few taps away.
How Maya Fixes it:
With Maya, you can transfer only what you plan to spend from your Savings to your Maya Wallet, your dedicated fund for payments and daily expenses. Use it to shop with your Maya prepaid card, pay bills, or scan to pay. It’s a simple but effective way to separate savings from spending and stick to your budget without overthinking it.
Fixing your finances doesn’t require a total lifestyle change. Sometimes, it’s just about using the right tools. Maya gives you everything you need to save smarter, borrow when necessary, invest with ease, and take control of your money without the usual stress.
Visit maya.ph or mayabank.ph, and follow @mayaiseverything on Facebook, Instagram, YouTube, and TikTok to learn more. Maya Philippines, Inc. and Maya Bank, Inc. are regulated by the Bangko Sentral ng Pilipinas (www.bsp.gov.ph). Deposits are insured by PDIC up to ₱1 million per depositor.
