What can breadwinners do in order to save money and get your financial situation in good shape?
OFWs and their dependents should also have the financial literacy seminars. Their hard earned money should also work harder for them. And please, not in scams. With the right financial education, our modern day heroes should not only work hard, but they should also work smart.
Arguably one of the easiest way to be a millionaire is get life insurance. Sure you don’t enjoy the sum assured of Php1M while you’re alive but still, we can’t deny the fact that most of us save and invest, not just for personal use, but also for our dear dependents in life.
The investment portion, is not guaranteed, it may have gains or it may incur losses, and it is withdrawable by the policy owner. Every month of savings, the portion that goes to investments is used to buy units in the funds chosen by the client.
If you’ve been betting on Lotto (or jockeys and horses) for years and years now and still it has not made you rich, then quit hoping that next time you will be the one who wins. On the other hand, if you have been investing in stocks for years and years now, I’m sure 100% that your ROI is at least positive, double digits even.
A supplementary card can provide ready credit in times of unplanned expense or emergency need at home. This well substitutes cash that you leave at home from time to time, and this also saves you the time and effort of going to a bank branch or remittance center just to provide additional urgent cash for your dependents.
One can in fact leave a handwritten last will, with no required witnesses, will that is unnotarized, and still be acceptable and acknowledged by the courts and authorities in dividing one’s estates upon death.
With FP, there is no minimum usage required. If no usage for the month (no textmates?), then no billed amount. If just PHP10, then just PHP10. No need to rush to loading stations as well since this is postpaid.
In 2012, I encountered some serious life-questioning and part of the answer was additional things I want to do in an ideal day. This ideal day continues to take more shape in 2013
I can already feel some signs of aging and I feel like time is running out, I need to be more serious with developing myself. So for 2013, I have 6 key areas to focus on: FIBER H.