Stretch Your Budget This Back-to-School Season with Maya

Hello parents!!! Back-To-School na!! Kaya pa ba?

As a parent myself, this school year is different from the previous back-to-school season for my son. He is now entering a new era of his life as a Senior Highschool student and after 6 years of being homeschooled and then doing online classes, he is going back to face-to-face class. 

We already visited 8 schools to check the facilities, tuition fees and the strands they are offering and out of 8 schools, my son narrowed it down to 2 schools. He already passed on 1 of those 2 and we are just waiting for the result of the other one.

One of the dilemmas now that we are facing is the rate of the tuition fee. Even with the SHS voucher that we received from DepEd for incoming Grade 11 students, we still need to shell out a huge amount of money for one of the schools that my son is considering. 

And we also need to consider the school supplies, new uniforms and other expenses that will come along the entire school year. 

That’s why, ang tanong, kaya pa ba?

Well, I think with a bit of planning, some smart shopping strategies, and the right financial tools, we can stretch our budget and make this back-to-school season more manageable. 

It’s a good thing that Maya offers innovative financial solutions like Maya Easy Credit to help us relieve our expenses and ensure that my son—and yours too—can have everything they need for a successful school year. Plus, with Maya, you get rewarded as you spend for all the school expenses lined up. 

Every P250 spent earns you raffle entries for a chance to be one of the weekly winners of P10,000 and HONOR gadgets. Your Maya Savings even gets boosted to up to 15% p.a. credited daily whenever you use Maya to pay—whether for your kids’ tuition fee via bills payment, buying school supplies, and more!

What is Maya Easy Credit?

Maya Easy Credit is a financial service offered by Maya that provides you with a revolving credit line of up to 30,000 pesos. This means you have access to a set amount of money that you can borrow, repay, and borrow again as needed, up to your credit limit.

Why a Revolving Credit Line is Beneficial

A revolving credit line like Maya Easy Credit is beneficial because it offers flexibility and convenience. Here’s how it can help:

1. Immediate Access to Funds: With Maya Easy Credit, you can access funds whenever you need them, whether it’s for tuition fees, school supplies, or other unexpected expenses.
2. Flexible Repayment: You only need to repay the amount you’ve borrowed, plus any interest, rather than a fixed amount every month. This flexibility can help you manage your cash flow better.
3. Reusable Credit: Once you repay the borrowed amount, your credit line is replenished, and you can use it again. This is particularly useful for ongoing or recurring expenses throughout the school year.

How Maya Easy Credit Helped Me

As a mom, managing back-to-school expenses can be overwhelming. Here’s how Maya Easy Credit has made a difference for me:

• Covering Tuition Fees: When I had to pay my son’s tuition fees upfront, the revolving credit line provided the necessary funds without having to dip into our savings.
• Buying School Supplies: From notebooks to uniforms, the initial costs can add up. Maya Easy Credit allowed me to buy everything my son needed without stressing about the immediate financial hit.
• Handling Unexpected Costs: Throughout the school year, unexpected expenses pop up. Having a revolving credit line means I can handle these surprises without worry.

How to Borrow Responsibly

While Maya Easy Credit is a powerful tool, it’s important to use it wisely. Here are some tips for borrowing responsibly:

1. Only Borrow What You Need: Don’t be tempted to borrow more than you require. This will help you avoid unnecessary debt.
2. Make Timely Payments: Paying off your borrowed amount as soon as possible minimizes interest charges and helps maintain a healthy credit line.
3. Track Your Spending: Use the Maya app to monitor your expenses and ensure you stay within your budget.

Plan Your Repayments: Have a clear plan for repaying what you borrow. Consider your cash flow and other financial obligations to avoid overextending yourself.

Leveraging Maya for Back-to-School Expenses

Maya, your ultimate financial partner, offers several features that can help you manage your back-to-school expenses more efficiently. Here are some ways you can leverage Maya to stretch your budget:

1. Maya Easy Credit:
   • As mentioned earlier, this could be a lifesaver when you need to make significant purchases or cover unexpected expenses. Use this credit wisely to buy essential items without straining your budget.
2. Track Your Spending:
   • Through the Maya app, you can easily track your expenses in real-time. This will help you stay within your budget and avoid overspending. You can categorize your expenses and monitor how much you’re spending on different items.
3. Exclusive Promos and Discounts:
   • This back-to-school season, Maya offers  an exclusive promo where you can be one of the weekly winners P10,000 and HONOR gadgets. Just use Maya to pay for all your school spends because every P250 earns you raffle entries.  Combining these rewards with Maya Easy Credit can maximize your savings.
4. Seamless Online Payments:
   • Many schools and suppliers now accept online payments. Use Maya to pay for tuition fees, school supplies, and other expenses conveniently. This saves you time and often comes with cashback or reward points. It also helps you grow your Maya Savings interest to up to 15% p.a. credited daily so you can easily watch your money grow.
5. Safe and Secure Transactions:
   • With Maya, you can be assured of safe and secure transactions. This peace of mind allows you to focus on preparing for the school year rather than worrying about financial fraud or mishaps.

Yes co-parents, the back-to-school season doesn’t have to be a financial burden. With careful planning, smart shopping, and the right financial tools like Maya, we can stretch our budget and ensure our child has everything he/she needs for a successful school year.

By leveraging Maya’s features, such as Easy Credit and raffle promos, we can manage our expenses more effectively and enjoy a stress-free back-to-school season. 

Happy shopping, and here’s to a fantastic school year ahead!