My Pandemic Resolution

Some Practical Tips to Keep Saving During this Pandemic

In a feature story of World Bank on June 8, 2020 entitled, The Global Economic Outlook During the COVID-19 Pandemic: A Changed World, they urged for urgent action to cushion the pandemic’s health and economic consequences, protect vulnerable population and set the stage for a lasting recovery. They highlighted in bold fonts that most countries are to face recessions this year, which are actually happening globally. See this link for more details –

In the Philippines, the Philippine Statistics Authority (PSA) reported 17.7% unemployment rate in April, 12.4% jump from 5.3% in January of this year. This meant an additional 5 million people without work.

As economic recession has already taken place, all we need to do is to brace for its impact. In this light, I decided to write my Pandemic Resolution to be able to keep on saving during this difficult time and not to break my ‘piggy bank’.

I felt compelled to converse with a friend who has a banking experience, also a financial advisor to give me some of his practical tips to keep on saving during this COVID-19 pandemic. These I included in My Pandemic Resolution as written below:

1. Calculate my total monthly income and decide how much to spend for the month,

2.Save 20% of my monthly income,

3.Create a list of essentials, do not shop without a list,

4. Keep track of my expenses and make it a habit to review it monthly,

5. Eat at home and avoid eating from food chains/restaurants, it’s very risky to eat outside this time,

6. Resist impulse buying and never revolve my credit card,

7.Create a monthly bill payment calendar and pay bills on time each month,

8. Create an alternate source of livelihood to boost my income,

9. Maintain discipline and review the same from the top.

10. Don’t shop when hungry, as I buy more things not on my list.

So, just when I thought I could use these old coins that Father is keeping as one coin costs as high as $500-$1,000 now because of the pandemic, I decided to keep it and write a Pandemic Resolution instead. These coins are from the 18th to ealy 19th century. I hope no one won’t break the ‘piggy bank’ yet and be able to get by in this seemingly uncertain times.

My Advisor is Mr. Arnulfo Santiago. He’s currently the Regional Business Head of City Savings Bank in Bicol. But before becoming a regional head, he worked as Microfinance Officer from 2003 to 2005 and a Loan Officer from 2006 to 2009. He’s 46 years old, married and has 2 children.

My gratitude to my father-in-law, Ed Baroso for these old coins.


Published by Maria Cristina Gino Baroso

Education advocate and travel lover

63 thoughts on “My Pandemic Resolution

  1. All very worthy information, Maria, even in times without a pandemic. I very much like your About page too and thank you for the follow. Every Pinoy I have ever met is kind and warm-hearted. I look forward to your joining me in visits to my garden. Warm wishes to you —

    Liked by 3 people

    1. Thank you very much for the kind words, much appreciated. 🙂 I think it’s timely and practical to think about these things when there are so many who lost their job, the economy is at the brink and you don’t need a lot of things other than food, vitamins, shelter.. etc during this time when the future seems blurred. Hope everything will fall back to their places and we’ll finally control the transmission of this disease. Stay safe always… 🙂

      Liked by 1 person

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