Wednesday, September 25, 2019

Money transfer tips from a frugal mama





I am someone you may call stingy. I count down to the cent when I compare prices. Shampoo A is more expensive by P2.25 than Shampoo B? Then B it is. 

When it comes to my banking activities, it’s the same. Given the choice between a long queue on my bank’s ATM and no queue at another bank’s cash machine, I always opt to fall in line to avoid the withdrawal charges. 

I’ve brought this habit to my online transactions. Over the past year, I’ve found myself relying more and more on online shopping: it saves time and spares me the trouble of traffic. From clothing to personal hygiene items, I buy what I need—and what I occasionally want—from social sellers and online shops.

Thing is, the merchants I deal with use different bank accounts, while I only use one for online shopping so for a while it was a problem; I was incurring bank charges! I have long been a BPI user, and fund transfer to other banks costs P50 each. That could cover the shipping fee! The frugal/practical side of me ached every time I made fund transfers to merchants. 

Around summer time, I heard that GCash had developed an app which made it easier to use! I used it manually before and later via *143# but having it as an app made it cooler! At first, I thought the mobile wallet was exclusive for Globe, but it works in all networks! So I downloaded it immediately and checked how it could help address my issue. And you know how much it charges for bank transfers? ZERO. Nil. NADA. I couldn’t be happier!

I did the math. It’s good I kept my online receipts. In the first four months of the year, I had a monthly average of four online purchases that involved payments to banks other than BPI. That meant I was charged P50 16 times. That amounts to P800 over months. 

If I had kept it up for the rest of the year, that would mean paying P50 for 48 times over 12 months. This means an extra cost of P2,400! That’s a decent pair of shoes or jacket! 

I was just so thankful I found out about GCash app. Now, I can make bank transfers without spending extra money I could use elsewhere. This frugal mama is happy—and hunting for a new pair of boots for our autumn trip!

18 comments:

  1. True mommy.. I've been using GCash for years na, dati hindi ko pa alam paanu siya gamitin parang na curious lang ako kaya nag sign up.. Hanggang sa andami na nagsilabasan about good reviews ni gcash.. Kaya ginamit ko na siya.. Hindi ko man siya ginamit for Bank transfer, pero subrang gamit ko po siya sa pay bills, buying loads and even sa gsave.. May pag aalinlangan, pero I tried saving using gsave.. And thanks God, kahit paunti unti may na ipon po ako.. At may gcredit din na kung petsa De peligro, you can use it for paying your groceries.. Kaya subrang thankful po ako at may gcash.. No hassle na talaga lalo na sa pag bayad ng mga bills.. Thumbs up πŸ‘πŸ‘πŸ‘

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  2. Yay! I am a huge fan of GCASH too! Lalo na satin sa busy Mom's having this app make our life more easier... Sa nature po ng business ko I always need to transact money with different people, I need to send. . I need to receive... Super thankful ako sa GCash Kasi before napupunta pa ko talaga ng bank to do all of it personally Pero ngaun... I can do all of it in the comfort of our home na... Less Pagod na... No extra charges Pa... Kaya super suliiiiiit talaga and thankful ako that I discover this App!

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  3. sa ngaun mommy tinatry ko pa dn na picturan ung id ko hehehe ayaw tlga ma detect kailangn pla tlga maliwanag sana ma capture kona nang tama kc dsmi nav ssbi na maganda dw po tlga ang gcash

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  4. Yung pagiging convenient ng mga bagay2 ay npakaimportante sating mga nanay dahil d lng busy sa trabho or sa pag aalaga ng pamilya dapat andun na yung mkaka less hassle tayo like online banking or online transfer payments..Galing ng nkabuo ng GCASH talaga npka helpful..di lang sa pagbabayad ng bills maganda sya pwede mo rin sya magamit true online savings..at ang maganda pa doon pwedeng money transfer pwede ka magdeposit sa bank gamit gcash lng..oh dba no need na pumunta sa bank..Ang isa pa maganda jan dami rin good deals si gcash like CASHBACK and more vouchers na pwede gamitin in any GCASH merchants..at pwede karin magkagcash money inviting friends lang..sobra laki tulong sakin ni gcash since from the start talaga..

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  5. Good thing about Gcash napapadali po talaga ang lahat ng transactions natin, Less time at Laking tipid po talaga at bukod dun may mga rewards tayong nakukuha. Yan yung app na kailangan talaga natin for our everyday life.

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  6. Super convenient at easy to use lalo na sa mga busy mommies na di basta basta makaalis ng bahay para magbayad ng bills. And it can be use sa pamimili sa mga establishment na may Gcash. May rebate pa na makukuha. Thumbs up sa Gcash. Malaki ang naitutulong ng apps na ito.

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  7. Super convenient nitong Gcash lalo na sa mga busy mommies like me. Hindi na kailangan umalis ng bahay lalo na sa pagbabayad ng bills and payments, may makukuha pang rebate. And it can be use din as mode of payment kapag naggogrocery. So convenient and easy to use. Thumbs up sa Gcash! ☺

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  8. yes mommy true ka jan im gcash user here to mommy less hazzle na kasi tas lakingbtulong nito lalo na pag nagbabayad ka ng bills sa gcash na din ako nagbabayad di kona kaylangan pumila sa sa counter ng mga bayad center para sa magbayad just one click tapos ang problema sa bills.

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  9. Yes we are GCash users here! Just like you, I also compare prices of products and know what grocery store offers cheaper items😁, every single centavos count! I've been into online shopping since 2009, so convenient talaga. At nakakahinayang naman talaga ang mga bank at service charges of different banks and payment centers. Although I still have to try the bank transfer Gcash is offering, we already uses the other services it offers like sending money, QRpay and paying bills. Don't we love everything about Gcash?!? Yes we definitely do! πŸ‘πŸ₯°πŸ˜‰

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  10. Aq momshie meron n pong gcash pero di q p po ntry gmitin..pero nung nbsa q po blog mo momshie ggmitin q na po xa lalo po sa pglload..thanks for the info momshie😘

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  11. I am a proud user of G-Cash App
    I like the fact that you can use it for free. Almost all transactions are free. The only thing they charge you for is sending money or cash out.
    You can pay bills and buy load anytime. You get to earn 5% rebate for buying load which is available to all networks.A lot more free Cash-in methods, like generating code for 7eleven, using debit cards (VISA and MasterCard), PayPal and Online Banking. And the most important is you can register any mobile number.I thought it was benefits only for a globe use ,but I register my Sun Cellular number.With the hours you save, you can invest more in the things that infinitely matter more with faily, friends, passions and health.In paying bill , Cash takes the dread out of waiting in long lines at payment centers. Book movies. Transfer money. Cash Out/Withdraw Cash. Use GCredit. Buy load. Borrow load. Shop online. Im a happy user and proud to say that I am now Fully Verified Gcash registrant��

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  12. una po nag doubt ako gumamit at mag download ng GCash di ko pinapansin yun mga nag invite sakin thru messenger hanggang sa na curious nag basa ako ng reviews nila dun ako sumubok at sa pag gamit ko ng app nila natuwa ako less hassle talaga siya, no need na pumunta ng banks or mall para mag bayad ng bills, mag pa load, online shopping etc... satisfied ako sa Gcash at may mga pa promo pa sila sa mga user. Sobrang Helpful siya na apps

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  13. Yes i am proud GCASH user here mamsh! Super laking tulong talaga sakin ng gcash sa tulad kong mommy na malayo sa ang bahay sa mga tindahan at establishment kase kahit nasa bahay lang ako nakakabayad ako ng mga bills at pag.oorder thru online shop. Kelan ko lang nagamit ang gcash dahil nahirapan talaga ako sa id magfully verified. At sa isa talaga sa inaabangan ko ay yung cashback ng gcash, hahaha. Dahil laking tulong din ung cashback pandagdag pambili din ng milk ng aking mga anak ko. Kaya never kong bibitawan si gcash. Hehe

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  14. Ive been using mobile methods like GCASH ever since it was available. The thing is i have no IDs before.At the same time,i cant live without load.With Gcash services they all have the facilities to buy load anytime you need it. For me ,its just very convinient. These mobile payment services are getting popular nowadays because of the convinience that it offers.
    Im really glad talaga na that they are also expanding new ways to use their services.
    I really love that Gcash is practically adding many features that provides value to Filipino's money.
    Features like savings,investments,promos and i received a text message about insurance stuff too.
    These things may be hard to understand for average people like me,but they are making it easy for us and accessible. I find it really cool ����
    Im hoping a lot more feature to come in the future because it seems that people are starting like the use and convinience of mobile payments. I just wish that it will happen soon ������

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  15. Isa ako sa milyon na gumagamit ng gcash yes its a million users dahil talaga naman ang laking tulong nito lalo na sa katulad kong mom of 3 tapos may isang toddler na laging kabuntot saan man lugar! Dahil dito sa Gcash app medyo nawala stress ko lalo na sa pagbabayad ng bills! Super galing talaga click mo lang at send ang ref no. Makakapagbayad na. At isa ito sa pinagpapasalamat ko! Di pa yan dahil may pa cashback pa sila every load at laging my promo!

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  16. Mag 3 months ko pa lang po ginagamit ang gcash. Installed it because I heard so many positive things about gcash and it never failed me. And one of my favorite thing about it is sending it free. Plus the promos they offer.

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  17. I don’t have Gcash app kasi ang alam ko po, na tulad nyo (before) was exclusive sa globe network. Sun po kasi ang gamit kong network. Pero thank you dahil sabi nyo hindi po pala. We’re also the same pagdating sa mga charges. Every single cents counts for me. Kahit na pumila po ako sa mga bayaran ng bills na walang charge gagawin ko. Kasi nanghihinayang po talaga ako don.
    Thank you for letting us know about Gcash app. Maybe sooner or later magamit po namin ung app na yan..

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  18. Yay! So daming tips na natutunan ko with this. Thank you Ms. Reylen ❤️ As a SAHM, importante rin sa akin ang pagtitipid and when i say pagtitipid kasama na yung mga rebates, points etc na kapag naipon ay malaking tulong talaga. Yung pwede mo rin maibili ulit ng needs nyo sa bahay or maipang bayad sa bills o sa ibang tao. Sobrang helpful nito, worth sharing ❤️

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