Baguio Resident's Coin Jar Strategy Nets P120K, Sparks Savings Trend

janimonow

January 31

A Baguio resident, Jino Saga, has set the internet abuzz with his unique approach to saving money, amassing an impressive P120,970 by simply filling a water container with coins. The story, featured in Kuya Kim's segment on "24 Oras," not only highlighted Jino's financial discipline but also served as an inspiration for countless netizens.

Jino, focusing on accumulating 10 and 20-peso coins, shared the challenges of saving substantial amounts, hence his strategy to turn to smaller denominations for a more feasible savings plan. His intention to invest the sum into his and his partner's business underlines the practicality behind his method.

The journey of Jino's coin container, which he shared on social media, has gone viral, racking up over 13 million views. Haidee Angel Gadiano, reflecting on the widespread impact of the video, expressed astonishment at the public's overwhelming response and the inspirational ripple effect it created, motivating even their neighbors to adopt similar savings habits.

The story also sheds light on the broader context of saving in the Philippines, highlighting innovative services like the coin deposit machines (CDMs) introduced by the Bangko Sentral ng Pilipinas. These machines, conveniently located in various malls across Metro Manila, offer an efficient way for individuals to count and deposit their coins, with options to transfer the total amount to e-wallet accounts or convert it into shopping vouchers. Plans are in place to expand the deployment of CDMs, ensuring wider access to these services.

Jino's coin-saving success story is more than just about the amount amassed; it's about the power of perseverance, the impact of sharing positive practices, and the community's collective response to a simple yet effective approach to managing finances.