MY 365-DAY FILS CHALLENGE JOURNEY WITH AL SALAM BANK
Saving money doesn't have to feel overwhelming! Al Salam Bank's "Fils Challenge" offers a fun and achievable way to build your savings habit one day at a time. I've been using Al Salam Bank for nearly two years now, and when I learned about this unique challenge, I thought, why not give it a shot?
For context, I've been in Bahrain for a total of one year. My journey here has been divided into two parts: seven months during my first stay, then I went back to the Philippines for nine months before returning. Now, I've been back in Bahrain for five months, and I feel it's the perfect time to take on a meaningful challenge.
This 365-day Fils Challenge will test my consistency and determination to save. I'll document my experience daily, sharing updates on my progress, challenges I encounter, and whether this initiative lives up to its promise. If you're curious about how this works, follow along with my journey!
WHAT IS THE FILS CHALLENGE?
The "Fils Challenge" is a savings program by Al Salam Bank designed to help people build their savings effortlessly. For everyone's knowledge, 100 fils in Bahrain is equivalent to approximately PHP 15 in the Philippine peso. In USD, it's around $0.26 (based on current exchange rates) Here's how it works:
1. PICK A STARTING AMOUNT: You can choose to start small—1 fils, 10 fils, 100 fils, or even more.
2. DAILY INCREMENTAL SAVINGS: Your selected starting amount increases slightly every day. For instance, if you start with 100 fils, here's how the savings work:
* Day 1: Deducts 0.100 BHD. * Day 2: Deducts 0.200 BHD. * Day 3: Deducts 0.300 BHD. This continues daily for one year (365 days).
3. TOTAL SAVINGS: By the end of the year, your savings will total 6,679.500 BHD!
In Philippine Pesos (PHP): * As of January 20, 2025, 1 BHD equals approximately PHP 155.2492. Therefore, 6,679.500 BHD is roughly equivalent to PHP 1,036,670.68.
In US Dollars (USD): * As of January 20, 2025, 1 BHD equals approximately 2.6534 USD. Thus, 6,679.500 BHD is about 17,717.25 USD.

4. FLEXIBILITY: The deducted amount is held in a reserved pool until the end of the challenge. You can pause, resume, or withdraw your funds at any time without penalties or fees.
It's a hassle-free way to save money and achieve your financial goals!
WHY I'M TAKING THE CHALLENGE? This isn’t just about saving for me—it’s about challenging myself to find out if I can complete this goal within a year. Al Salam Bank has been my preferred choice for almost two years now, and I trust their services. The Fils Challenge feels like the perfect way to put my trust in action and work toward a financial goal.
To be fully transparent, this content is "not sponsored", and Al Salam Bank did not provide any financial compensation or incentives for me to promote this challenge.
I'm not sure if this challenge is open to everyone or only to Bahraini residents. I’m not a Bahraini resident yet, but since my husband is Bahraini, I’m married to him, and I’m currently staying here in Bahrain, I was able to join this challenge. If you're interested, I recommend reaching out to the bank for clarification. I'm documenting my journey to explore whether this challenge truly delivers the promised results, and I hope my experience can help others decide if it’s worth trying.
I simply decided to include it as part of my personal journey because it aligns with my goal of improving my financial habits and I want to share it with others who may find it inspiring or helpful.
HOW TO JOIN THE FILS CHALLENGE
Here's how you can explore and potentially join the Fils Challenge:
1. Download the Al Salam Bank app

2. Sign up for the Fils Challenge through the app's savings section.

3. Choose your starting amount (e.g., 100 fils).

4. Track your progress daily via the app and enjoy the flexibility to pause or withdraw your funds anytime.

NOTE: Remember, eligibility and requirements may vary, so it's always best to confirm with the bank.
WHAT'S NEXT?
In my next post, I'll share "DAY 1 OF MY FILS CHALLENGE JOURNEY". I'll share how much was deducted, how it feels to finally start, and my thoughts on whether I can sustain this challenge for an entire year.
Stay tuned—it’s going to be an exciting and eye-opening experience!
FINAL THOUGHTS
The Fils Challenge is a creative and flexible way to save money steadily. I'm excited to begin this journey and document it for others who might be considering the same.
If you're curious, you can learn more about the Fils Challenge by visiting the official Al Salam Bank page.

SOURCE:
- Al Salam Bank Fils Challenge Overview: https://www.alsalambank.com/en/RetailBanking/fils-challenge
NEXT CONTENT: Day 1 of My Fils Challenge Experience – Starting Small for Big Savings!
#EmberRage #EmberRageMilyin #EmberRageContent #FilsChallenge #AlSalamBank #BahrainSavings #365DaysOfSaving #SavingsJourney #PersonalFinance #SaveMoney #SmallStepsBigResults #MoneyMatters #FinancialGoals #BahrainLife #SavingHabits #FinancialJourney #FinancialWellness #BahrainLiving #BuildingWealth #ChallengeAccepted #DailySavings #GoalSetting #MoneyChallenge #SavingsChallenge
Comments