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/pr...