He taught me that money is great to have, but not for the reasons most people think. It’s nice to buy stuff, sure. But it’s great to have when you’re sick, or when someone you love needs help. You see, the love and admiration he gets from his family —– that’s where my dad is richest. Hopefully, some of his money smarts rubbed off on me.
What I shouldn’t have waited for was getting serious about saving money. Young idiot that I was, I used to look at insurance like something for the paranoid, and I thought financial products just weren’t for me. Boy, was I wrong.
How much does it take to be prepared?
Adhering to what the elders say, we believe, is a sign of respect; at the same time, we trust that they have our best interests in mind. After all, our parents and older relatives surely want what’s best for us, right?
Getting married plunged my into debt and we had no one to blame but ourselves. But to be perfectly honest, I deserve 99% of the blame while he should have known better than to listen to me.
When I graduated from university, I checked my balance and sadly realized that the value of what was in my passbook was pitifully small, as inflation had escalated the prices of goods much faster than my money had grown.
If you are part of this so-called “Sandwich Generation” then there’s no better time to act and prepare for what lies ahead than today.
An OFW’s family’s life is like a peso bonanza when Papa’s remittance would be deposited in Mama’s passbook account. In the span of three months, we changed our old CRT TV into a state of the art LCD TV, my brother and I bought a van for the family and our family each had new mobile phones.
It’s easier to teach your kids how to save and invest if they understand the value of money.
The best way to teach our children about money is to set a good example.
As your child accumulates money on his own, start asking questions like: “What would you like to do with all the money you saved?”
Good money habits can take a long time to form but money experts agree that the earlier we teach our kids about money, the better it is for their own future.
Calling all college students. This is your time to shine!
The only thing constant in life is change. As we go through life, these changes affect our priorities and decisions. What can you do when these changes affect our finances? Consider these financial products that can aid you in your journey to every stage in your life.
Are you serious about increasing your income, finding opportunities for your kids (without breaking the budget), and being ready for health emergencies? It’s time for us moms to reclaim our peace of mind and happiness, as we move up towards having Money For Life.
But as a breadwinner and a yaya-less mother who deals with a messy house and toddler tantrums on a daily basis, I often get asked – “How do you get to travel as much as you do?” Here are a few rules I follow in earnest to afford my lifestyle:
Back for its third year, the #SINAG Financial Literacy Digital Journalism Awards celebrates bloggers and digital influencers who are helping and inspiring Filipinos to be financially responsible towards a brighter future.
From knowing what kind of job to get to household budgeting, here are money-savvy tricks for every full time WAHM.