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in Mom Solutions

Why the “Pay Yourself First” Budgeting Strategy Works

Like all things worth doing, budgeting is one of those areas where you’ll hear a lot of contrary opinions being paraded as if they were the truth. The fact is, for a budgeting strategy to work for you and your family, it has to match your unique situation. Your income level, access to high-interest savings account products, risk appetite, and overall temperament all need to be just right for a specific strategy to consistently provide positive returns. However, some budgeting strategies just work great in a lot of people’s situations. The “Pay Yourself First” approach is particularly useful for those anyone who wants to create a safe buffer in their savings, but is not ready to take on the risks associated with more volatile investment types. The main premise of this approach is to set aside a set portion of your income for savings before spending on anything else. When done right, it can ensure safe and steady progress towards securing
your personal wealth as well as achieving specific financial goals.

How You Can “Pay Yourself First” More Easily
As far as saving strategies go, Pay Yourself First is as simple as it gets. All you need to do is the following:

Create Specific Savings Goals
A goal gives you something to work for and encourages you to save rather than use your cash for discretionary purchases. To set yourself up for success, identify specific targets like an emergency or retirement fund of a specific size. The Philippines’ Maya Savings is perfect for this, as it offers a Personal Goals feature with a guaranteed interest rate.

Set Up Automatic Transfers
Automatic transfers save time and take the guesswork out of adding to your savings each payday. Over time, you’ll come to regard the deducted amount as the cash that you really have available to you for your wants, which may psychologically keep you from unnecessarily tapping into your funds.

Adjust Your Lifestyle to Your Reduced Budget
Since you’re not going to be drawing from your savings, you’ll want to plan your budget based on the remaining income. Make sure to leave room for things and activities you enjoy so that you don’t feel deprived and get tempted to withdraw from your savings.

Track and Review
Every year or so, check your progress and adjust your saving strategy as necessary.

Why You Should Seriously Consider This Strategy

As long as you have a regular income and comparatively low expenses, Pay Yourself First can rapidly increase your financial breathing room without severely impacting your day-to-day lifestyle. Here are some of the more specific benefits of this underutilized approach:
1) It Automates Discipline
If you find yourself having second thoughts each time you do cash transfers, you might find that you’ll sometimes delay them or reduce the amounts. Fortunately, automating your savings makes the process effortless and consistent, enforcing financial discipline without increasing the demand on your limited emotional resources.
2) It Reduces Impulse Spending
Saving first effectively limits the amount of money you have available for discretionary
spending. This naturally curbs impulsive purchases and encourages more thoughtful use of whatever funds you have left.
3) It Encourages Goal Setting
Setting clear goals is an underrated part of successful personal finance. Without a goal, you have no immediate motive to save, which just encourages you to spend prematurely. But by going with a goal- oriented approach, you can be sure that your planning is aligned with your personal objectives, whether it’s an emergency fund or saving for higher education.
4) It Contributes to Your Financial Growth
Thanks to compound interest, your consistent contributions to your savings will result in exponential earnings over time. In other words, the more you save and wait, the more money your money will earn. Even small, regular deposits can accumulate significantly, which is why the Pay Yourself First approach is especially impactful for those just beginning to climb their career ladders.
5) It Affords You More Flexibility
Unlike other more aggressive strategies, Pay Yourself First is far more adaptable to various financial situations. Whether saving for short-term or long-term goals, the principle remains effective and can be tailored to different income levels and financial commitments.
6) It Will Reduce Stress Associated with Spending Money
After a few months of doing this strategy, you might not even realize that you’re accumulating a sizable safety net. Knowing you are steadily building your finances can do a lot to reduce stress, potentially making you happier overall.
7) It Encourages Positive Financial Habits
Going with a Pay Yourself First approach can build a solid foundation for good financial habits, which may benefit you later if you want to go into more advanced investments. Most importantly, since regular saving is now automatic, you’ll find that you’re developing a positive attitude towards money management that also translates into other parts of your personal and professional life.

Overcome Financial Roadblocks with Strategic, Human-centric Saving
The “Pay Yourself First” strategy works because it directly addresses the usual human roadblocks that actually affect the long term health of our finances. Unlike other alternative money practices, this menthod accounts for human factors while still making savings a top priority.

This approach has proven helpful if practiced with consistency, arguably the most important thing in achieving financial stability.

For more information and tips on family finances, check out https://www.mayabank.ph/savings/

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You’ve probably heard “eat healthy while nursi You’ve probably heard “eat healthy while nursing” a hundred times—but what does that actually mean (besides eating with one hand while holding a baby)? 😅

We’re sharing not-so-common but helpful tips that not only support your milk supply but can also help your baby develop a taste for nutritious foods early on. 🤱🏻

This #NutritionMonth, we’re shining a light on ways to #NourishTheMama — because when moms are cared for, everyone thrives. ✨

Let’s continue to #NourishWithLove this July. Read more on the blog — link in our story! 👋🏻

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“Sleep when the baby sleeps,” they said… 💤

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Throwback to Mommy Milkshake Run 2016! 🏃🏻‍ Throwback to Mommy Milkshake Run 2016! 🏃🏻‍♀️💖 

We’re bringing back the fun and joy, another opportunity to run with our babies and tots, in strollers or side by side, run with family and friends!

Join us on August 3, Sunday at Parklinks, QC for the Mommy Milkshake Run 2025!

Started in 2007 to celebrate World Breastfeeding Week, this fun run is all about family bonding, movement, and our shared advocacy for breastfeeding. 🤱🏻✨

✨ Choose your distance: 
1K, 3K, or 5K
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Tag your running buddy below! 🏃🏻‍♀️ Let’s make new memories together — because when a breastfeeding mom runs… milk shakes! 😆

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This July, we’re celebrating Nutrition Month wit This July, we’re celebrating Nutrition Month with a campaign called #NourishwithLove 💖

It’s all about helping moms care for themselves and their families through simple, everyday nourishment—mind, body, and heart.

Follow along each week as we share real tips, stories, and reminders that moms deserve to be nourished, too. 💬✨

We’re starting off with this list of mom-approved snacks that are perfect for walks, runs, or just super busy days. Whether you’re chasing toddlers or training for the Mommy Milkshake Run 😉 these quick bites will keep you going. 💪🏻

From saging na saba to overnight oats, a few smart choices can go a long way in helping you feel recharged (without the guilt). ✨

Save this post for busy days and if you want to swap ideas or ask questions, join our Mommy Mundo Facebook group! 💬

It’s a safe, supportive space for moms to share, learn, and nourish together. 🤗 Link in bio! 

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Call for Vendors and Performers! 📣💖 Join us Call for Vendors and Performers! 📣💖

Join us at Mommy Mundo’s Mommy Milkshake Run 2025 — happening on August 3, Sunday at Parklinks, E. Rodriguez Jr. Ave., Quezon City!

This highly-anticipated family fun run will be bringing together parents, kids, and the whole family to celebrate movement, bonding, and the advocacy of breastfeeding. It’s a feel-good event filled with joy and meaningful moments.

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First Trimester:

Protein: Eggs, tofu, legumes
Folate: Citrus, spinach, broccoli
Bland snacks: Crackers, bananas, nuts
Hydration: Coconut water, clear soups

Second Trimester:

Iron: Lean meat, leafy greens, beans
Calcium: Yogurt, cheese, fortified milk
Healthy fats: Avocado, nuts, olive oil
Vitamin C: Mango, strawberries, bell peppers

Third Trimester

Omega-3s: Salmon, chia seeds, walnuts
Carbs: Brown rice, oats, sweet potatoes
Fiber: Fruits, veggies, whole grains
Go easy on salt & processed foods

Want more pregnancy wisdom? 👋🏻

Join Pregnant Pause on July 19 — our signature prenatal class with Rome Kanapi — a safe, supportive space where moms-to-be can learn, bond with fellow moms, and feel more prepared for what’s ahead. 💖

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It’s week 22 of our #yearofconnection ! Don’t It’s week 22 of our #yearofconnection ! Don’t forget to take time for a fun Connection Question convo with the fam this weekend! ❤️✨

We’re aiming to make 2025 a year of Connection through our weekly activity.
 
The best time to have these casual discussions would be when in relax mode with your children. Sit together, (set aside the gadgets!) remove possible distractions, and be present ✨❤️ Take turns asking each other this question for week 6! Just listen and simply acknowledge the sharing.:) 

Even if tempted to dish out advice or to react, this isnt the time for that. Allow for a safe space, and connections will flow and follow.🫶🏻🙏🏼 

Most importantly, enjoy this time together! 

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Join us weekly for this activity and after 50 questions, we will end the year more connected and attuned with ourselves and each other. If you just heard about this now, check out our highlights to get started! ✨ 

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