How to Win the #IponChallenge – How to Save Money Effortlessly

I am sure you have heard of the Ipon Challenge everywhere. It’s a personal challenge to save money effortlessly and harvest the benefits at the end of the year.

It’s a conscious effort to put away a certain amount of money for every money you earn.

For some doing the challenge it’s an untouchable amount of money.  Some start with an amount and double the starting amount each week , doubling the amount you end each week.  This method may work for some but for some this could be difficult.

The easiest way to win the Ipon Challenge for me is doing the invisible bill.

Invisible bill is setting aside a certain denomination that you get.  My invisible bill is 50 peso and 200 peso bills.  These bills are hard to come by especially the crispy ones.  I like them extra crisp.

For 2019, I was able to set aside Php4,890  , and I only started mid of the year. Plus I only set aside crispy ones.  Sometimes I take money from it when I ran out of cash.

These invisible money is not untouchable for me, it’s my emergency funds.  Can’t use it unless necessary.

It’s your personal commitment and discipline that will get you to save some cash and enjoy the rewards after.

You can spend the money at the end of the Ipon Challenge or deposit it in a bank or invest. It’s all up to you!

Here’s a video of me counting savings for 2019 from my Ipon challenge;

Oh yeah I also set aside coins, they’re too heavy in the pocket or bag to carry around. It’s just not cool to bring extra weight.