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Personal Financial Habits That Can Make You Become Richer

November 8, 2015, 4:00 pm
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Now that a new year is about to start many will most probably reflect on how 2015 went. I am not 100% happy with what I did this year. You may have read and visited my 2015 Personal and Financial Goals and still many of the items didn't push through READ:Mid-Year Update of My Personal and Financial Goals.

But it's a far better year than 2014 and this is something I have to be proud off. I can't wait to share to you my End of the Year Report and a whole lot more posts familiar as a new year begins.

Today, I'd like to focus on the word HABIT. According to dictionary habit is something that a person does often in a regular and repeated way. And there's so called Personal Financial Habits That Can Make You Become Richer.

Intrigued?

I guarantee that doing these personal finance habits will make you

  • Live Richer
  • Live Better and
  • Live in Financial Peace

If your goal is to be richer in 2016 then this post is for you. Share your thoughts in the comment section.

1. Track YourSpending

Learning this is something I am thankful so thankful. PinasforGood swear by this trick and I finally decided to do it. It's amazing. I can easily see where my money goes, to what items I spend more and to which I have to cut back. READ:DIY Spending Tracker

This personal finance habit will make you become richer because:

  • You will value your hard-earned money more
  • You will become more disciplined when it comes to your finances
  • You'll learn to make good financial decisions

2. Have a Spending Plan

I've talked about budget almost a hundred times but YES this habit will surely make you rich. If you have no idea how to start making a budget then just follow through these past posts I have created:

  1. MORE THINGS THAT RUIN MY SAVINGS... and again MAYBE YOURS TOO.
  2. BUDGET SERIES: THE ENVELOPE STYLE
  3. BUDGET SERIES: THE NOTEBOOK STYLE
  4. Budget Categories: A Basic Guide for Your Next Spending Plan!
  5. Do It Yourself Spending Tracker Notebook - New!
  6. How I Still Choose to Love Budgeting Even If It Doesn't Love Me Back
  7. How To Effectively Budget Your Money
  8. How to Create a Spending Plan
  9. Looking for Personal Finance Apps? These 4 Apps can be the Answer!
  10. The 50-20-30 Rule of Budgeting
  11. Things that RUIN my BUDGET (And Maybe YOURS Too)

This personal finance habit will make you richer because:

  • You'll have a concrete plan on how you spend your money
  • You'll surely avoid overspending

3. Invest at a Young Age

Ms. Mica Tan, CEO of MFT Group was just 13 years old when she started investing in stock market. I started at 19 via FAMI and will go direct before 2015 ends. Learning to invest at a young age will make such a big difference in your financial life.

The earlier you start investing, the more your money will grow. You will have more than enough once the harvest season begins.

This personal finance habit will make you rich because:

  • You'll make money work for you. Soon earning passive income all the way.
  • You'll learn that small amounts can lead grow in 10-20 years

4. Become Debt-Free

Before October ended I shared a SavingsPinay Series focusing on becoming debt-free. You see debt is an enemy and you have to make sure to deal with debt before it could ruin your financial life. If you are struggling or don't know where to start then please go to my last week's series of event to learn how you can be Debt-Free At Last in just five step/days.

This personal finance will make you rich because:

  • You won’t have negative money responsibilities
  • You can easily park your money to save or to invest

5. Live BelowYour Means

This habit is definitely something I pray I have or I can easily develop. Live below your means. Your expenses should be not more than your earnings. You have to know how to separate your wants to your needs and make sure that you spend just the right amount for everything. Learn the habit of self-control before it’s too late.

This personal finance habit will make you rich because:

  • You can save a lot of pesos
  • You will learn the value of contentment

6. Set Goals and Commit to Them

Goal setting improves one's motivation in life. Who would not want to live inspired every day, right? If you want to achieve financial freedom then you need to learn how to set goals. I suggest creating a five year plan or perhaps do even a 10-year one. Now that its almost the end of the year its pretty much the best time to create your goals. 

Below are some goals you can include in your lists.
  1. Saving three months of monthly income for an emergency fund.
  2. Pay down debt
  3. Save up for a vacation or Start a Travel Fund
  4. Save enough for secured retirement
  5. A car by the age of "x"
This personal finance habit will make you rich because:
 

  • You will have a better perspective in life
  • You will learn the value of commitment
  • You'll slowly but surely achieve things.



7. Eager on Financial Knowledge

Reading books, attending seminars and experiencing other investment options can broaden your financial knowledge. Invest in at least one financial book a year you can easily get ideas in how to make your peso grow. Here are my Top Financial Books Recommendation.

This personal finance habit will make you rich because:

  • You can expand your knowledge
  • You will have a silent financial adviser/mentor in life

8. Manage YourTime Well

Time management means a lot if your after getting rich. Many blog posts and even books will reveal that the rich and successful have one common habit. They manage their time well. This is even the reason why I try my hardest to include productivity posts in SavingsPinay. I must say I struggle the most in getting to work early/ on time. My work performance is being judged because of this. Being late at work for like three to four times a week make me feel such a failure. I still have high hopes that I can manage my time well. I just have to fight for it.

This personal habit will make you rich because:
 
  • You can maximize your limited time
  • You can fast-track your progress in life
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SavingsPinay Series: Yumaman sa Mutual Fund!

November 15, 2015, 4:30 pm
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The SavingsPinay Series is back!  

Last month I decided to bring back the blog series and on my Must Do's Before 2015 Ends I mentioned that I am planning on making three blog series. One for October (DONE!), another for November and last but not the least will be December. 

To recap, the SavingsPinay Series is created for in-depth look/thorough explanation of a particular subject or topic. 

This November I will be focusing on something close to my heart. My first ever investment vehicle, MUTUAL FUND. 

Before I jump with the overview of this new series let me sincerely apologize for what happened over the October series. I was one week delayed in publishing Day 2 to Day 5 of the series and I know this had affected how effective the series was. I also like to thank those who waited for the continuation of the series and still give views to each Utang Series post. 

SAVINGS PINAY SERIES: YUMAMAN SA MUTUAL FUND

What is this series anyway?

Yumaman sa Mutual Fund is a four day-long series that focuses on every thing about Mutual Fund. In this series I will share my personal experience investing in a mutual fund for almost two years. I will also give insights, tips and tricks on how you can start investing in mutual fund. At the end of the series we will also unbuckle the major question whether it's possible to become rich investing in mutual fund.

Who is this SavingsPinay Series for?

This Series is for
  • People who wants to start investing in mutual fund
  • People who have zero knowledge about mutual fund
  • People who just started investing in mutual fund
What Will You Learn?

Day 1 (Tuesday) : Mutual Fund: Ano, Sino, Saan, Kailan, Bakit at Paano

The first post in the series is definitely something you shouldn't miss. It is an ultimate guide for those who are curious about Mutual Fund. I will explain what it is, to whom it is perfect for, to where you should invest one, to the right time you should invest, to why you should try a mutual and to how you can get started. At the end of the post I'll share the Top 10 Frequently Asked Questions regarding Mutual Fund for your reference.
 

Day 2 (Wednesday) : Gabay sa Pagpili ng Magandang Mutual Fund

Now that you have a solid foundation on the what's and how's of a mutual fund the next task is to know how you can choose the mutual fund to invest with. This is a part where you should take time to ponder and decide since there are numerous type of mutual fund available and there are different expert financial companies offering their help. In this post I will try to compare between companies and between fund facts. At the end of the post I'll share the Top 10 Best Performing Mutual Fund for your reference.
 

Day 3 (Thursday) : 5 Bagay na Dapat Mong Malaman Tungkol sa Mutual Fund

Though Mutual Fund is one of the most popular investment vehicle created specially for beginners there are some secrets that investors ought to know. This post is a valuable and worthy article to read and can help you decide whether its truly the investment option you should try. At the end of the post I'll share the Top 10 Ways You Can Invest in Mutual Fund with Your Limited Income.
 

Day 4 (Friday) :  Kaya Mong Yumaman sa Mutual Fund

Kaya nga kayang yumaman sa Mutual Fund? In the last entry for this November SavinsgPinay Series I will give a cheat sheet on how you can get rich with mutual fund. Mutual Fund is said to be the safest investment vehicle and this post will guarantee a lot of learning how to get rich with your mutual fund account. At the end of the post I'll share the Top 10 Strategies to Grow Your Mutual Fund Money.
 

Hopefully publishing this series won't be delayed. I hope that you will learn from this series and you are looking forward to the learning. 

Do you have a mutual fund account? Are you curious in what Mutual Fund is all about?

Share your answers in the comment section below!
 

I hope you liked this post. Don't forget to do any of the following:

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SAVINGSPINAY SERIES | Day 1 : Mutual Fund: Ano, Sino, Saan, Kailan, Bakit at Paano?

November 16, 2015, 5:00 pm
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Today is the start of the SavingsPinay Series: Yumaman sa Mutual Fund. I am so excited to share in-depth thoughts on a  - particular topic that's close to my heart --- Mutual Fund.

December 2013 when I got interested with Mutual Fund. I was into reading books and personal finance blog back then. It is also the time when SavingsPinay started. Out of curiosity I applied for a Save and Learn Mutual Fund account under First Metro Asset Management Inc. aka FAMI. 

Now I'm not an endorser and I don't receive anything from FAMI. Based on my research its one of the longer and more stable financial company so it's where I decided to invest. 

This coming January 2016 I will be celebrating my second year as a mutual fund investor. I looked at my portfolio the other day and so happy with my progress. My main goal now is to diversify my investment into other investment vehicle.

As first installment I will give an ultimate guide on what Mutual Fund is all about. Don't forget to share your thoughts in the comment section below.


[ANO] Define Mutual Fund

Mutual Fund is a pool of money professionally managed and invested in specific types of securities. Some call this indirect investment in the stock market since you let an expert financial company handle your money, buy your stocks and trade for you. 

The Fund Manager who acts as the professional who handles your investment is guided by strict regulations. They monitor the value of your investments and see to it that the earning potential of the fund is maximized. They invest the fund's capital to produce gains and income. A typical mutual fund portfolio (which I will show later in this post) is very structured and maintained to match the investment objectives stated in the prospectus of the investor. 

Different Types of Mutual Fund

A mutual fund is said to be a good investment vehicle for beginners. Mutual Fund also offers variety. No matter what type of investor your are, there is a mutual fund that will fit your financial lifestyle. 

Remember!!!
  1. Each mutual fund has different risks and rewards
  2. You need to assess first what type of investor your are. Are you Conservative meaning have low risk tolerance? Are you Moderate meaning can take medium risk tolerance or are you Aggressive who have high risk tolerance?
  3. Each mutual fund type is predetermined by an objective. Its assets, regions  of investment and how the fund manager invest your money answers a fund goal. 
  4. On the fundamental level mutual funds are classified into four types
    • Stock Funds
    • Bond Funds
    • Money Market Funds and
    • Specialized Funds
  5. Each fundamental classification is further narrowed by sub categories.
More about the different types of Mutual Fund on Day 2.
Example of a Mutual Fund Portfolio
[SINO] Is Investing in Mutual Fund Right For You?

To simply know whether a mutual fund is the right investment vehicle for you. Ponder upon the following:
  • You have no trust issues.  
Mutual Fund works like a savings account that you need to fund. Then a professional fund manager will put your money in the market and make it earn for you. If you have issues entrusting your hard earned money to others then a mutual fund might not satisfy your investment cravings.
  • You are for immediate high returns. 
Mutual Fund doesn't make you an instant millionaire. You need to wait for your money to accumulate wealth in a slow bjt steady manner. For example, a capital of 25,000pesos invested in a Money Market Fund can be 2-3 million in 20-25years from now. (This depends on what type of mutual fund you invested). If you are willing to wait then mutual fund is for you.
  • You are a beginner. 
Mutual Funds are one of the easiest way you can own shares/stock. You won't be bombarded with hard financial terms. You don't need to worry deciding what stocks to buy or to sell. 
[SAAN] An Overview on Companies that Offer Mutual Fund

    
     Have the largest market share in the mutual funds industry in the Philippines. Offers six different fund types that meet various investment objectives. You can invest in several funds for a more diversified portfolio.


     ATR Kim Eng has always been part of the top performing mutual funds in the Philippines. They are focused on capital raising (equity and debt), debt restructuring, financial advisory, mergers and direct      equity investment. Currently ATR Kim Eng Asset Management offers seven mutual funds.


FAMI was the very first financial company I trusted with my mutual fund investment. I read good reviews about the company and they are managed by Metrobank which is a long-standing reputable bank in the country. They offer five different mutual funds for investors.


This company is known for their life and general insurance but today its one of the leading asset and wealth managers in the Philippines. The company is known for its superior returns through active management, diversification and expertise. Philam plays a major role in the development of mutual fund in the country. They offer nine funds from different asst classes. 


Philequity is an investment management company established to help achieve long-term financial objectives of investors by offering different mutual funds. It's Philequity Peso Bond and Dollar Income Fund are reognized as best performing bond funds under the 5-year category. They currently offer six different funds.


Sun Life offers the Sun Life Prosperity Fund which is known for its simplicity, accessibility, affordability and returns. Opening is only 5,000pesos and has proven higher potential returns. There are nine different funds you can choose from. 


Cocolife is another company that offers mutual fund. Currently Cocolife Asset Management have three types of funds namely: United Fund Inc. which is an equity fund. Cocolife Fixed Income Fund which is a bon fund. Cocolife Dollar Fund Builder which is a growth and income- interest funds. All Cocolife funds seek to generate long-term total returns from interest income and capital growth by investing in a diversified portfolio.


This is a very new fund for Filipinos. The fund is considered as moderate-to-high risk type and invests in shares of the companies listed in the primary and secondary boards of the Philippine Stock Exchange. 

[KAILAN] When is the Best Time to Invest?

The best time to invest will be NOW. The earlier you invest your money, the better the return will be. Use any bonus, extra cash or most probably your 13th Month to build your portfolio income. Do something today that can change your life forever.
 
Example of the documents I read and filled up opening my account in FAMI

[BAKIT] Why Mutual Fund?

I had created  a post before on the Advantages of Mutual Fund that I encourage you to visit. There I mentioned 7 things that separate mutual fund from other investment vehicles. To recap, mutual fund give small investors access to a professionally managed and extra-diversified portfolios that consists of equities, bonds, securities and stocks for a minimal investment capital. Most Mutual Fund can be easily opened with 5,000pesos investment. 

Each shareholder participates proportionally in the gain and loss of the fund. This is why checking your fund performance is a must so you will be updated whether your fund is performing bad or not. Mutual fund shares are issued and can be purchased or redeemed via NAVPS. Read: What is NAVPS?

Beginners and Average investors will find mutual fund a convenient and affordable way of investing. Professional fund manager will help you in analyzing where to invest  and implementing good investment strategy for better results. 

[PAANO] How Do You Start Investing in Mutual Fund

Investing in mutual fund is easy. Depending on the financial company you will entrust your investments with, you will may need to do/to present the following.

1. Visit the website of your chosen mutual fund asset management company.
2. On their website you can easily find the page for Mutual Fund and/or Investment Products. 
3. Read the differences of each mutual fund offerings. Select your fund based on your personal investment objectives, investment horizon and your risk profile.
3. Download the needed forms. This will depend on your chosen mutual fund asset management company.
     
     Prospectus which is required and filed with the Securities and Exchange Commission. This document provides details about an investment offering as well as facts that an investor need to make an investment decision.

     Account Opening Form which is required to be filled up for your information and other personal reference.

     Investment Risk Profiling Questionnaire which will know your investment risk profiles and match you with the right companies to invest with. 

4. Prepare your IDs. 

5. Have you initial investment ready. Initial investment for a Mutual Fund account ranges from 5,000pesos to 10,000pesos. 

6. Submit all your requirements. You may need to go to the nearest office or send through mail. Sun Life for example  introduces an online facility that allows you to add, transfer and redeem shares anytime, anywhere. On FAMI I opened my account by submitting all the forms and requirements via courier.

7. Wait for your proof of purchase and/or statement of account to arrive. 

8. Fund you account. 

READ: How I Opened My FAMI Mutual Fund Account (Step by Step with Pictures)

Top 10 Frequently Asked Questions About Mutual Fund

Hope you love this post and you are looking forward for the rest of the posts in this series. 


Please let me know your thoughts on the comment section below.


MORE POSTS TO READ:
  1. How To Earn Extra Income in the Philippines
  2. How to Achieve Financial Stability in Your 20’s
  3. How to Actually be Good in Money
  4. How to Apply for BPI/MS Travel Personal Insurance
  5. How to Apply for Unionbank EON Bank Account
  6. How to Correctly Spend Your Money
  7. How to Handle Bill Payments like a Boss
  8. How to Retrieve Your BPI Express Online Account Name and Password.
  9. How to be Financially Blessed?
  10. How to be Financially at Peace in Your 30s, 40s and 50s
  11. Is Google Adsense a Scam?

I hope you liked this post. Don't forget to do any of the following:



 
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SAVINGSPINAY SERIES | Day 2: Gabay sa Tamang Pagpili ng Mutual Fund

November 17, 2015, 7:03 pm
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Thank you for the positive response on  this month's SavingsPinay Series. Make sure to joining the SavingsPinay Facebook Group which would be very active in terms of giving budget, saving, productivity and entrepreneurship advice.

Today we will be focusing on the Guide in Choosing the Right Mutual Fund to Invest With. 

Now, choosing a mutual fund is like walking into a mall filled with stores that offer great choices, discounts and more. In the United States for example, there are about 10,000 different mutual fund you can choose. It's fortunate that here in the Philippines the number of mutual fund types are just around a hundred. Still, one could argue that sorting though this hundred of choices is very hard.

Is this your first time investing?

A lot of SavingsPinay Readers are first timers when it comes to investing. And since I consider myself a beginner, I believe I can really share how the process in choosing a mutual fund is. I have to be honest since I've talked about in the past posts that when I invested in FAMI-SALEF it was more of an impulsive move. I researched, read a lot of blogs and testimonials and given a leap of faith on what it could bring me. After two years, I am still happy with my decision. 


Different Types of Mutual Funds

Yesterday, I've given a brief overview on how mutual funds are classified. Fundamentally, mutual funds are classified into four types
  • Stock Funds
  • Bond Funds
  • Money Market Funds and
  • Specialized Funds
Let's Differentiate Each.

Stock Funds

Stock Mutual Funds (Equity Funds) has access to equities in an affordable and relatively safe environment. If you are after diversification, professional management, liquidity, fund safety and low entry cost then mutual funds that fall in this category is for you. 

Stock Mutual Funds (Equity Funds)own a large number of different stocks in different industries. This secures that the risk is spread out meaning if one company suddenly fails it won't affect the fund's performance dramatically. 
 
Stock Mutual Funds (Equity Funds)  are characterized by how they choose the company to invest with. Most often than not they choose investing in a labeled company that has market capitalization of small or large. Companies that have small market capitalization offers more opportunities for rapid growth while companies with large market capitalization are much stable. 

Under Stock Mutual Funds are the following:
Growth Funds
    • Invests in stocks that are expected to appreciate over time. 
    • Invests on companies that have potential to grow consistently. 
    • Invests on firms with consistent growth in sales and earnings.
Possible Return
               10-20 years in the form of price appreciation.
Income Funds
    • Buy stocks that show consistent dividend growth and high dividend yields. 
    • Targets real estates and utilities (Meralco, Manila Water etc.)
    • Mixture of  bonds and stocks
Possible Return
               Long period or time, perfect if you want to enjoy your retirement years.
  
       Value Funds
    • Invests on stocks that are trading below the value of the company's assets.
    • Looks after industry group that has fallen out of favor with investors.
Possible Return
          Risky since you hope for the industry to catch-up growth.
 
Cyclical and Sector Funds
    • Invests in stocks that are in a market boom.
    • Invests in a particular field or business sector like healthcare, technology etc.
Possible Return
          Risky since you fully depend on the stock performance of a particular business.


Bond Funds

Bond mutual funds offer diversification and spreads the risk by investing over a large number of other bonds. 
 
Here are the type of bonds funds you can invest with:
 

Short-Term BondFunds

    • Matures in a few years or less.
    • Yields better than money market bond account or bank certificate.
    • Perfect for people who are investing today in preparation of a big purchase in the future
Possible Return
               Expect return in 3-5 years. 


Mid-Term Bond Funds
    • Has 5-10 years maturity
    • Offers great chance for higher returns than Mid-Term Bond Fund
Possible Return
          Expect return in 5-10 years but be extra careful on fees that can eat up your gains as an investor

Long Term Bond Funds
    • Matures past the 10-year mark.
    • Most volatile of all the bond fund types
    • Highly exposed on interest rate fluctuations.
Possible Return
              Expect return in longer than 10 years investment.


Money Market Funds

Money Market Funds are investment vehicles that invests in extremely short-term cash or cash equivalent instruments. They offer higher interest rate than regular bank accounts and is known as a safe place to park your money if and then you have something to purchase in the future. Money Market Funds have check-writing feature and other services to make it as a convenient investment vehicle. 
 
Money Market Funds Are Divided into Two; Taxable Money Market and Tax-Free Money Market.
  • Taxable Money Market
    • Invests in short-term corporate securities, bank certificates and other givernment-backed securities.
    • Considered as relatively safe investments
Possible Returns
          Suitable for short-term investments. 
  • Non-Taxable Money Market
    • Invests in treasury and have full faith on government-backed securities.
    • Excepted from income tax.
Possible Returns
          Suitable for short-term investments. 
 
 
Specialized Funds

These funds are considered specialized because they follow a specific investment objective. These are industry-preferred bonds that follow a strict goal and investment strategy implemented for years. 
 
Some examples for Specialized Funds are the following:
  • Real Estate Investment Trusts
    • Invests in income-producing real estate like hospitals, shopping center, apartments etc.
    • Fund Manager find properties worth investing. 
Possible Return
               Depends on the growth of the target industry

  • International Funds
    • Gives you the opportunity to participate in the growth of foreign economies.
Possible Return
               Carry some particular risks 


How To Pick A Good Mutual Fund

With the different types of mutual fund you just read, you might have some information overload. Don't worry, there is a selection process you can follow to select the best mutual fund that can match your financial goals. 

 Step 1. Identify Your Goals as an Investor
 
     Whether you are investing in a mutual fund or any other investment vehicle, you need to have an investment goal. Investment goals are your very own desires for the money you are investing. What will you do with the money you invested? Are you investing today for your retirement? or Are you investing today for a near-future expense like a house, a car or college education? Your goal as an investor will enable you to narrow down the mutual fund you will invest with. 

Step 2. Asses Your Risk Tolerance as an Investor

     Again on Day 1 I've shared briefly the need to assess first what type of investor your are. Are you Conservative meaning have low risk tolerance? Are you Moderate meaning can take medium risk tolerance or are you Aggressive who have high risk tolerance? Identifying your risk tolerance as an investor is as important as identifying your goals. You just need to examine whether you are a risk-taker or not. 


Step 3. Think About Your Investment Time Horizon

How long can you afford to let your money grow in a mutual fund? Remember that the longer your investment time horizon is the better the result of your investment will be. I suggest a time horizon of at five or more years. This is why the best time to invest is NOW.

Step 4. Select Your Investment Style

We all have different styles as an investor. I, for example, are more into long-term capital appreciation fund. Since I am still at my early 20's I can generally fathom my money to be invested over the next 10-20 years. 

If ever your needed the return in the near future then you might consider an income fund or a money market fund. Yes, the return may not be that high compared to those who invested long-term but still higher result than parking your money in a savings account. 

Balanced Fund on the other hand satisfy investors who are into long-term appreciation but unwilling to take risks. It invests on stocks and bonds. 

Step 5. Examine the Charges and Fees

If you invest in mutual fund you are entrusting your money to a professional asset management firm. These firms has charging fees to the investor and you can read about them in the prospectus. Understand the different types of fees that you can be charged when purchasing an account. Research more about the sales fee or how much they charge if ever you withdraw your money. FAMI, for example will charge you if you an amount of your investment in the first six months. This is to cover any administrative charges associated with the investment and/or discourage you from withdrawing your money that early. 

Step 6. Evaluate Based on Testimonials

I encourage you to research a lot if you are investing for the first time. Research on the experience of other investors and research more so on the past results. 

Think about the following:
  1. Is this fund consistent in making market returns?
  2. Did the returns vary dramatically throughout the year?
  3. How did the fund manager perform under certain conditions?
MUST READ: How to Worry-Free Invest in the Philippines
 
Step 7. Study the Fund Fact Sheet

Each Mutual Fund's Fund Fact Sheet matter. You can easily see how they diversify each investment, what their objective for the fund is and more. These fund fact sheets are most often than not updated on a monthly basis giving you a precise information about the fund's performance.

Overall

Selecting a mutual fund nowadays is such a daunting task, but there are processes that can make the activity easier. Just think about your objective and your risk tolerance. Also, be sure to ponder about the fund performance and seek help from others who have tried investing as well. 

Top 10 Best Performing Mutual Fund in the Philippines from MutualFundPhilippines.com


    Did you enjoy Day 2 of the SavingsPinay Series: Yumaman sa Mutual Fund?

I hope you liked this post. Don't forget to do any of the following:

 
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SAVINGSPINAY SERIES | Day 3: 5 Bagay na Dapat Mong Malaman Tungkol Sa Mutual Fund

November 18, 2015, 4:23 pm
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Mutual Funds are by far the most popular investment vehicles for newbies. It is affordable, it is convenient and it is regulated. But investing in mutual funds have bad and ugly sides too. It is important to note that every investment has loopholes just as how every investment contains risks. 

On Day  3 we will be talking about the Five Things You Ought to Know about Mutual Fund. I will be sharing to you these secrets that you may or may not know about mutual fund investing. I hope that these information could help you assess whether investing in a mutual fund is really for you.

The Success Of Your Investment Depends on Your Fund Manager


To recap, mutual fund is a type of investment vehicle wherein the investors money is being pooled together with other group of investors and invested in objective-specific assets selected by the professional fund managers. This means that the return of your investment solely depend on the fund manager's selection and decision. 

What I Want You To Do With This Secret

  1. Choose Your Fund Manager Wisely
          Research on the track record of the fund manager. You can easily do this by examining how the fund had performed for the last 5 to 10 years. It will also help if the fund existed for a long time and is recommended by others as well. 

     2. Be informed

          Research. Research. Research. Proper research can save you tons of money from putting to the wrong investment. Read blogs, financial books and ask others who have invested about their experience. 

     3. Monitor Closely

          Reviewing your portfolio on a daily and/or weekly basis is important. You need to constantly monitor how your investment is performing. Any slight change on the performance could mean a thing to your fund manager's investment strategy. 

There Are Fees Involved

Now mutual fund is about entrusting your money to professional fund manager. Thus, there sure will be fund management services and administrative costs you need to watch out. These fees (though not that high) can still lower the return of your investment. There are asset management companies who will charge you if you redeem your mutual fund account within the first six months of investing.

What I Want You To Do With This Secret

     1. Read The Prospectus. 

          This document is very important. It gives all the information you need to know about the fund you are investing. The prospectus is found on the asset management company's websites in a PDF form and usually easily accessible and downloadable. It serves as a legally binding contract within the fund and the fund holder that includes the following information:
  • Investment Objectives
  • Investment Strategies
  • Risks Involved Investing in the Fund
  • Fund Track Record
  • Distribution Policy
  • Fees and Expenses
  • Fund Management


Investing in Top-Performing Funds Does Not Guarantee Success

Yesterday I shared a list of the Top-Performing Mutual Funds in the Philippines since last August 2015. But, be fully aware that investing in top-performing funds does not usually work. With the current situation, a top-performing fund one year is often down the next year. Take for example what happened to Security Bank's UITF. They performed so well in 2012-2014 and suddenly had a bad performance in the current year. 

What I Want You To Do With This Secret

     1. Never invest in a new fund offer. 

          It is as always safe to have your first investment in a fund that has been tried and tested. This is because New Fund Offers often than not have no assets at this point. 

     2. Have Realistic Expectations

          Your investment goals should not be based on assumptions. Investing in mutual fund though highly advantageous, does not guarantee fast returns. 

Mutual Fund Only Trade At The End of the Day

Mutual Funds do the trading (buying and selling) only on the closing price of the day. This means you can't really control how your money will turn out. The NAVPS (Net Asset Value Per Share) can only be determined at the end of the day. The fund manager will look at the current assets, determine the value and divides its number to the total number of outstanding shares. Since you are in a mutual fund, you don't have direct control on the trading. 

What I Want You To Do With This Secret

     1. Create a Broad Portfolio Income

I highly suggest that you diversify your portfolio income by investing in different type of funds. A well-diversified portfolio on different classes, instruments and fund types can earn you the most favorable return in the long run. 

     2. Invest in a Fund You Know

Don't invest in a mutual fund that you don't understand. Always invest in a fund that has good track record and invest in a diversified portfolio that answers your goals as an investor. Forget about the names, rankings etc. What matters most is you know what you are doing. The more you understand the business of the asset management company you invested with, the more you can monitor and analyze your mutual fund investment.

Safe to Secure Saving First Before Investing

Though Mutual Funds are considered safe parking lot of your money it is still better if you have guaranteed savings first before investing. Mutual Funds can be an easy way to create a portfolio income but without savings your active income may suffer. Make sure that you have reserve money for real emergencies.
What I Want You To Do With This Secret

     1. Invest with Your Surplus Money

Again, it is of high importance that you are able to keep a portion of your money on your savings before pushing the idea of investing. This way no matter what happens to your mutual fund you can still face the coming days, months and even year not empty handed.       



Top 10 Ways You Can Invest in Mutual Fund with Your Limited Income


I hope you enjoyed this SavingsPinay Series' Day 3 post. 

Do you have any question about mutual fund?

I hope you liked this post. Don't forget to do any of the following:

 
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SAVINGSPINAY SERIES | Day 4: Kaya Mong Yumaman sa Mutual Fund

November 19, 2015, 4:30 pm
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Investing is one way that you could make money work for you and reverse the current of setup of you working for the money. It is a phase where you become proactive on where your money goes and how much it earns. Investing direct you to a better financial future giving you more control of your money and letting your money beat inflation.

Over the past I've shared about the investing myths that keeps you from growing your money. And just to review before I start the Day 4 of SavingsPinay Series Yumaman sa Mutual Fund please do remember the following things about the word INVESTING.

1. Investing doesn't need a lot of money. There are investment vehicles where you can start investing in as low as 5,000pesos. A mutual fund, for example, only requires you 5,000 opening fee.

2. Investing has inevitable risk but it's all worth it. Investing take risk because you rely on how the market performs. So start investing the younger you are so you can still take the higher risk that can give you higher returns.

3. You don't have to be a math genius to start investing. I know it would be fearsome at first but don't worry. The government supports ordinary people who are into investing. A lot of companies and even groups and individuals offer free seminar on how to start investing in the Philippines. We have financial books and blogs you can read for more information too. 

4. Investing is not just about the wealth. Yes, becoming rich may be your ultimate goal but the process involved in successful investing will give you so much more. Throughout your investment journey you will learn to budget, save and invest. READ: Things I Realized Since My First Investment.

Getting Started

Mutual Funds are generally a safe investment vehicle. It is again considered as a perfect investment for beginners and those who are conservative investors. Now, how you will become rich in a mutual fund investment solely depends on your investment strategy. 

There are two main factors that  besides the amount of money you invest in a mutual fund that can affect your return of investment.

1. Time
 
What is your investment time horizon? How many years will it take to complete your investment goal? If you are 25 today and you wanted to retire on the age 50 then you have 25 years time horizon for your investments. 

2.  Risk Tolerance
 
This answers how muck risk you are willing to take to achieve your investment goal?

Now, your role as a mutual fund investor is passive since it is a managed fund. READ: Understanding Managed Funds as an Investment Vehicle in the Philippines. 
 

As a passive investor, you turn-over the decision-making to professionals when it comes to your investments. Yes, you can choose which fund to allocate your investment but trusted financial managers will take it from there. 
 
Mutual Fund is a perfect investment vehicle too for busy professionals who only have time to monitor their investment performance periodically and does not have interest in the trading stocks.

Invest in High-Yield Stock Funds

Stock Funds (Equities) are meant to generate the maximum possible return of your investment. This fund focus on stocks that consistently pay very high dividends. Study the Fund Fact Sheet of your fund of choice and see if any of the following companies are included in the asset allocation:
  • PLDT
  • DMCI Holdings, Inc.
  • Aboitz Power
  • Globe Telecom
  • Cebu Pacific
  • Meralco-Manila Electric
  • Jolibee Foods Corporation
  • SM Prime Holdings
  • San Miguel Corporation
  • Ayala Corporation
  • Ayala Land Inc.
  • Megaworld Corporation

The above companies are part of top dividend paying stocks in the country today. A fund that includes asset with the above companies are considered high-yield stocks funds. They focus in capital gains by having highly aggressive trading style. They are not really the "trader" type but more of an active investor. Since a higher risk and attention is given to your investment, this mutual fund type will surely give you a higher return of investment. 

Invest in High-Yield Bond Funds

Bonds is another mutual fund type that can make you rich. It is the safest type of mutual fund that can give stable annual return of investment and long-term capital preservation. By definition, bonds are contracts in which an investor lends money to a borrower. 

Now how do you earn money through bond funds? Simple. As a compensation to the investor, the borrower agrees to pay interest rate at a fixed amount mostly twice a year. The borrower will also repay a stated sum of money at the end of loan payment which is known for as maturity date. An example of high-yield bond fund is a Fixed-Income Investment wherein your money is placed on government securities. And since the governments backs your investment, there is no risk involved. 

Invest in Balanced Funds

If you want the best of both worlds then Balanced Funds is the right investment that will make you rich. It invests in both equity and bonds and match the specific goals and risk tolerance of every investor. It is nothing more than the space between growth and income and offers long-term financial stability.

Question: Kaya Mo Bang Yumaman sa Mutual Fund?

The answer is YES. And it all depends on YOU. 

  • Start NOW. What keeps you from holding back with the idea of investing your money? 
  • Be INFORMED. Always be updated with what's happening on the financial world. Its time that you act like an adult and see where your money goes. 
  • SAVE and INVEST. These two things should go hand and hand if your goal is to experience financial freedom. 
Top 10 Strategies to Grow Your Mutual Fund Money
 
I hope you like this post and you learned something. Please spread this SavingsPinay Series to those you know are curious about what it's all about!

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Regine Online Investing Relaunch Event Experience

November 22, 2015, 4:30 pm
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Before October ended I had a privilege to be invited in Regina Online Investing's relaunch. And to perfectly showcase Regina Online Investing's objective of raising the bar, the event was highlighted by an Equestrian Cup held in Makati Polo Club. 

Over a hundred of guests from financial personnel, financial bloggers and millennials from country's top universities gathered to witness the equestrian show followed by the awarding ceremony and a moment to get to know more what Regina Online Investing is about.
 
Now I believe a separate post is important to elaborate on what's Regina Online Investing is about so this post will only focus on what happened during the event. This can be brief but a great primer on this new platform we should all watch out.
 
It was a Sunday afternoon and we were requested to have a pastel casual get up. Upon arrival we were greeted by cocktails. I love the four-season one while the lemon is extra refreshing perfect for the sunny afternoon.

We also had the time to take a photo with a horse which is a perfect souvenir shot. This reminded my of my Tagaytay 2D, 1N Trip last August. I was accompanied by my eldest sister who also accompanied me during the Blogapalooza 2015 event.

It was my first time watching an equestrian show live and I was a bit of hesitant at first whether I'll enjoy it. Surprisingly, watching riders leaped over fences with their horses is something I enjoy. I finally understand how the game goes and made some comments here and there of how amazing the riders were. 
 
The arena getting prepared for the Equestrian Cup

Up close with the hurdles

Mr. Luis Limlingan (Head of Sales for Regina Capital Development) gave an opening speech

WOW!

Following the game is the awarding ceremony where we had a sumptuous meal. It was Paola Lorenza who topped the cup and was awarded by a one night stay for two at Taal Vista Hotel by Mica Tan, CEO of MFT Group of Companies. Also as presenters were Marita Limlingan,(President of Regina Capital Development Corporation ) and Luis Limlingan (Head of Sales for Regina Capital Development Corporation. 
 
Nice setup during the awarding ceremony.





Once all awards were given we had a brief and meaningful discussion about Regina Online Investing Platform.

Ms. Mica Tan , CEO of MFT Group started the event with a short opening message. Mr. Fernando Martinez, Head of Sales of Regina Online Investing introduced what the platform is all about. Regina Online Investing promise a timely and quality information and charting tools where investors can manage their portfolio in an effortless manner. 
 

Question and Answer Portion



Mr. Victor Limlingan, Managing Director of Regina Capital Development made a reminder and I quote, "Don't just buy the stocks that you like, buy the stocks that foreigners like."

Another special guest is Ms. Marita Limlingan, President of Regina Capital who encouraged everyone to invest specially during the Christmas season for the increased spending definitely contributes to the positive move of the market.

 
With Sir Glen of Make Your Peso Grow
Thanks to the event I finally met Sir Glen Apacible, the man behind Make Your Peso Grow. I've been a big fan of his blog and love how he updates his readers about the top performing mutual funds and/or UITF in the country. His blog is focused on making your money grow. 

 
After the event me and my sister spent a hot coffee drink at Fully Booked BGC. Wow that place is just meant for me. Books + Coffee = Love. My sister also made me eat for the first time the famous La Lola Churros which by the way is heavenly.

While waiting for my in depth blog post about Regina Online Investing Platform I encourage you to read more about them by visiting their official blog - http://roi.ph/

Have you heard about Regina Online Investing?

MORE POSTS TO READ
  1. How to Stop living from Sweldo to Sweldo
  2. Personal Financial Habits That Can Make You Become Richer - New!
  3. 15 Smart Ways to Earn Extra Income
  4. 3 Business Ideas You can Easily Start- Philippines
  5. 3 Money Tips for Parents
  6. 40 FINANCIAL HABITS FOR LIFE
  7. 5 Steps to Become a Smart Shopper and Deal with Your Shopaholic Syndrome
  8. 7 Advantages of Mutual Fund
  9. 7 Important Lessons Every Financial Advisors will Teach You
  10. A Special Guide on the New FAMI Investor's Portal
  11. All About Banking in the Philippines Part 1
  12. All About Banking in the Philippines Part 2
  13. All About Paluwagan!
  14. All About Philhealth
  15. All About Sweldo in the Philippines
I hope you liked this post. Don't forget to do any of the following:

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SavingsPinay November Quick Recap

November 29, 2015, 4:30 pm
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It is almost 25 days before Christmas and I still can't believe that we are almost through the year 2015. I kind of feel a little nostalgic leaving 2015 just because I know I have goals set that wasn't met. And who's to blame, right?! MYSELF. 

But I want to be very positive. Have you read my Sunday Post over my personal blog, IzzaGlino? It was my birthday post entitled I Don't Know About You But I'm Feeling 22. Hope you can read that post. 

Today's post is our November Quick Recap. And I still would want to extend my gratitude for supporting SavingsPinay.

Here's this month's quick recap.

1. We hit 91,000 pageviews!!!

Hitting the 90,000 mark even though I wasn't able to publish that much content is awesome. Thank you for being such an awesome readers. Now I feel more positive that we can hit the 100,000 mark to conclude 2015. Hope you can help me. Spread the link for this blog to your friends who are also into financial freedom. 

2. SavingsPinay November Series: Yumaman sa Mutual Fund

This month's series is a huge success. I was on time publishing all the post which makes me super happy. I also got a lot of feedback and impression on my Facebook Page. The SavingsPinay Series this November is me trying to incorporate my experience investing in mutual fund. To summarize here's the November Series : Yumaman sa Mutual Fund posts:


I hope you are looking forward for the last SavingsPinay Series of 2015 on December. 

3. Back to Freelance Writing

A little surprise for November is an opportunity to do freelance content writing again. I didn't know that my account at Upwork (known as Odesk before)  is still alive. The I got an invitation for a job interview. I responded on the email and got the job!!! I am a Strategic Content Website Writer which sounds so amazing. I will be busy creating web pages, blog articles and social media posts. Super excited with this one. Also, I am thinking of posting an Extra Income Year-End Report where I narrate how much money I made for 2014 with my side-hustles. What do you think about this idea? Is it something you'll be happy to read or not?

4. My Birthday

I celebrated my 22nd birthday last November 9 and it was super nice. I will talk more about what happened on my personal blog with pictures and more stories but for this blog I just wanted to quickly announce that I celebrated my birthday and I am now 22!!! Amazing how we age that quick.

5. Overspending 

For November I just shop like a little kid. I splurged on skincare items from Olay which I made  YouTube video about. I also shopped for more makeups that I plan to put on a Collective Haul video for December. I think its because I deprived myself from shopping for the past months. The last time I shopped all out was my Recent Purchase Haul video and that was back on August when I still have long hair. And it's my birth month anyway. (wink* wink*)

POSTS THIS NOVEMBER:


I hope you liked this post. Don't forget to do any of the following:

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How to Plan Your Work Week | A Mon-Fri, 8am-6pm Guide from a Working Girl in Makati

November 30, 2015, 4:30 pm
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Starting today I want to avoid becoming that person who just long for the weekend. I love my job but with all the work and the pressure I get these days when I just wish weekend will be nearer/closer. 



Getting things done is my motorcycle. It makes me feel right whenever I know that I'm productive. And so my quest to a better time management is never over. I still search for the best way to improve my habits. And in my quest I found out a solid Monday to Friday productivity plan for people (who like me) juggle different roles in life and best hope to fit everything in their 8am to 6pm job.
How to Plan Your Work Week?

Before I jump to a Monday to Friday, 8am to 6pm Guide I first want to talk about the 4 Simple Rules You Need to Follow About Planning Your Week. All it takes is a good 10-20 minutes of your life to plan and sort out everything. Sunday evening is the best day and time for this one.

1. Make a List

On a notebook or paper write down all the tasks that you need to accomplish for the coming week. Just get everything written. From the papers you need to pass, to the meeting you have to attend and even that email you have to write for your boss...just dump it all out.

2. Prioritize

Once you have the list done you can now schedule and prioritize everything. Highlight the tasks that are needed on a specific day and time and have the rest follow a certain schedule. My boss always remind me about the value of Service Level Agreement. It states that in every task we shouldn't just say "yes" or "noted" we should also have a specific time or date perhaps when the service will be met. So its not just enough that you make your to do list. You should also create a priority list.

3. Do It

With your priorities all laid out the only step you missing is taking action. Do not let your list become a wish list. Try your hardest to check as many things to do as possible. Work will feel much lighter when you have a solid plan to base.

4. Take a Break/Reward Yourself

Just last week I tried the Pomodoro Technique using my iPhone. I downlaoded the app and use it as a timer whenever I work. I still not used to it but I can see the benefits. I set the timer for all of my tasks at work so I can avoid wasting it on things that doesn't add value. Once the task is done I will have a 5-minute break and I try to go out of my work station to unwind. Rewarding yourself after a productive work is a good habit. 
 

Now Here's How You Can Revolutionize Your Monday to Friday

MONDAY

Monday's top priority task is to arrive at work earlier than usual. Set at least 30 minutes early arrival at work so you will have a moment to relax, take a deep breath and plan for what will happen for the rest of the work week. Monday morning is the best time to review your calendar, check your to-do lists, re-read your goals in life and have a closer look in your new week's inbox.

TUESDAY

Tuesday is the most productive day of the week. Well it's this is true in my case. It is a good day to get things done and to block off your schedule for bigger projects. If ever you miss a must-do on Monday you can easily count on Tuesday to get things done. Try to have a lunch out with your team or your friend during this day or a dinner with your special someone to rebuild your social and personal life.

WEDNESDAY

Wednesday is the middle day of the week and most often a day where you can tackle your special projects. I believe it is important for us to have a hobby that we can call ours. Whether it be blogging, creating YouTube videos, playing instrument or photography. A hobby can definitely motivate you in life. Don't mix it up  during working hours though instead find time to insert before the day ends. It doesn't matter whether its only an hour or two as long as you get to do what you really want. 

THURSDAY

Thursday for me is the most underrated day of the week. We even forget that it's a Thursday sometimes, right? Thursday for me is when I have my last sprint of productivity. It is when you try your hardest to complete all the deadlines and commit to your work projects. Align any backlogs that you have and make sure that everything that you do is aligned to your short term and long term goals.

FRIDAY

Finally we arrived on Friday! I love Fridays for it is the shortest working hour of the week. Instead of 8am-6pm shift our end time is an hour early which means an extra one hour to spend. Friday is for social time, try make a dinner reservation with people who matter in your life. Friday is for relaxation, so try to spend the evening with a relaxing night routine. 

Remember

READ: Applying Michael Hyatt's Ideal Week
Follow Systems and Processes

It is all about creating systems and processes in what you do. Last weekend I had this four-page entry on my bullet journal where I detailed how I want my process to be in accomplishing my tasks at work and my tasks as a blogger. Having clear knowledge on the system that you will following is important so you know exactly how to deal with the day to day work. You will surely feel getting things done easier. 

Review your week

On my personal blog I created A Week in Review. It is when I’ll review my week based on Personal, Work, Blog Tasks, To Write Articles, Quote of the Week and Random Notes. A review is important so you can evaluate how you're spending your time. Treat this review as an essential task that will prepare yourself for the coming week. 

Its all about the alarms

For November I included the Pomodoro Technique on my process. I write the task set the alarm to 25 minutes and do everything to complete the task. That's 25 minutes without distraction like constant checking of Facebook, watching YouTube videos and such. I am not that good committing to the no distraction thing but so far I am enjoying the benefits of setting alarms. It is a good way to set focus in what you  do and again getting as much things done.

Be realistic on your to do lists

I'm guilty of making my to do lists a wishlist. But overtime I realized that I need to spread the task over a week and allot specific times for specific things. I am not a super woman and I can't do five blog posts on SavingsPinay and five blogposts on IzzaGlino while juggling my work as Technical Writer/Content Strategist. So try to be as realistic as possible once you create your to do list. Write stuff that needs to get done within the day. 

At the end of the day

YOU hold your own time and if you want to live life more intentional you just have to use your time wisely. We are not perfect anyway and there will days when you feel lazy to even do a simple activity. But you just have to fight the laziness. You can do it. We can both do it. One day at a time.


Hope you learn something from this post!

MORE POSTS TO READ:

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Saving and Investing Tips for 20-somethings

December 1, 2015, 4:30 pm
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Today's post is dedicated to my 20-somethings SavingsPinay readers. I will impartinng some of the best Saving and Investing Tips that can make you take advantage of your age. I am a big believer that the 20's are the best time to save money and to learn how to invest so I hope in this post you will find out helpful financial tips.

 


The Need to Save and Invest Money

It was September 30, 2014 when I shared on a blog post The Ultimate Secret to Save Money. I love that post so much for it always remind me of what's important. And that's to be aware of the need to save and Invest Money. Awareness is the key to everything. The more we know, the more we will surely succeed.

I've been on an overspending moment for the month of November and though I still manage to save money and invest on my mutual fund, I know that I need to be more aware and more wise in terms of money matters.

As 20-somethings we have all these wants that may ruin our budget. It's even harder when your the thing that makes you happy require you to spend money. Blame it on my obsession with makeup that I review and feature on my personal blog IzzaGlino. And believe me when I say that no matter how aware I am that I need to stop buying, that urge is just there...making me deaf to my own plead.
 

Why Save and Invest In Your 20's

There's only one reason why you need to save and invest in your 20's and that's TIME. Time is one out of the two important factors that could make your money grow. Read the other one on my recently concluded series : Yumaman sa Mutual Fund. 

On The Time is Running Out!!! Learn the Importance of Saving Money Now, I mentioned the three reasons why you should start saving your money.

  1. Saving Money makes you sleep peaceful at night.  Once you set yourself of having a proper saving by living within your means or taking other extra steps your financial stress will diminish. 
       2. Saving Money will Empower you to have Better Control of Your Own Destiny. Having proper savings will empower you to make financial decisions that will  better out your life. You can aim higher in life and have greater chance of achieving each goal you create.

        3.  Saving Money can potentially earn you Passive Income. First save enough money as your contingency fund aka Emergency Fund. From then slowly save again another amount but this time ride an investment vehicle that satisfies your character.

Then on my post Learn to Invest Without Tears Before 2014 Ends I shared three reasons why you should invest now.

1. You are not getting younger so you need to plan your retirement as early as now.

2. You have familial responsibilities and investing gives you the capability to have a chance in making your money grow.

3. You do not know where to put your money. Instead of wasting your money on items that don't appreciate in value why not invest? Investing is a good way that you can spend your money intelligently.

How to Save and Invest in Your 20's

Commit in a percentage you want to save and invest

If you remember my post 50-20-30 Rule of Budgeting then you know how I suggest 20% of your take home page to go on your Financial Freedom. Financial Freedom means your financial investments and savings or goals that you have in order to financially succeed. Count on here your debt payments, loans, savings and/or investments from different investment vehicles you own. 

If you ever wonder how you can save within the salary you are earning then read my post How to Save within Your Salary. In that post I introduced how you can save whether you are earning 10,000pesos a month, 15,000pesos a month and/or 20,000pesos a month.

Of course save what you can. You can start with 10% of your take home pay if that's the only percentage you can offer. What matters most is you are slowly building a solid financial foundation. 

Take advantage of Investing Vehicles you can afford

There are so many investment options you can try with your bank. From Unit Investment Trust Funds aka UITF to Time Deposits, Treasury Bills and Bonds. Investing as I always say is one of the many ways you can make money work for you. 

Another investing vehicle that many might not be familiar with is the Modified Pag-IBIG II (MP2). The MP2 program is a savings scheme designed for Pag-IBIG I members have another saving options that yield higher interest. Thus, you earn more with the as little as 500pesos monthly contributions. This reserves a separate post and its something I am still researching on how I can upgrade my Pag-IBIG 1 to Pag-IBIG 2. Pag-IBIG is not just a mandatory government deduction on your salary. It is a type of mutual fund that can pay you dividends in the future. 

CLICK THIS LINK for the full list of Investment Vehicles You Ought to Know.

Earn More to Save and Invest More

Let's be realistic here. Saving and Investing in low income can be pretty tough. I started investing with a salary of 13,000 and I am super blessed on how my salary increased in just a matter of 1 year. READ: 8 Tips to Have a Major Major Salary Increase.

It was hard saving and investing on the early stage because my salary is just enough to cover my expenses. But you just have to make a commitment to yourself that you'll dedicate a portion of your salary on your financial freedom.

Ask your immediate supervisor or your boss if there's a room for a salary increase or perhaps a promotion. If there's none then explore ways you can increase your income along your full time job. READ:How You Can Be Promoted in a World where Everyone wants to be Promoted.

For ways you can increase your income then check out the following posts:


I think as 20-somethings it is ok to obsess over your ability to earn money. You have a lot of energy and a the online world is just super generous in giving extra income ideas to all. 

Take Risks, Make Mistakes, Learn From It and Move Forward

Do not be afraid of investing in your 20's. Have a diversified portfolio and take advantage of the maturity of your money in years to come. Equities are your best friend and you can learn more about it on my November SavingsPinay Series. You may make mistakes along the way but what's important is you learn from your mistakes and continue securing your future. 

Invest in Yourself

If you want to be really successful then you have to invest in yourself. Do something today that your future self will thank you for. Enroll in an online course, travel in a place from your bucket list, learn a new language or maybe try something new. 

I do hope you learned something from this post. 
 
MORE POSTS TO READ:
 
  1. How to Stop living from Sweldo to Sweldo
  2. Personal Financial Habits That Can Make You Become Richer - New!
  3. 15 Smart Ways to Earn Extra Income
  4. 3 Business Ideas You can Easily Start- Philippines
  5. 3 Money Tips for Parents
  6. 40 FINANCIAL HABITS FOR LIFE
  7. 5 Steps to Become a Smart Shopper and Deal with Your Shopaholic Syndrome
  8. 7 Advantages of Mutual Fund
  9. 7 Important Lessons Every Financial Advisors will Teach You
  10. A Special Guide on the New FAMI Investor's Portal
  11. All About Banking in the Philippines Part 1
  12. All About Banking in the Philippines Part 2
  13. All About Paluwagan!
  14. All About Philhealth
  15. All About Sweldo in the Philippines
 
I hope you liked this post. Don't forget to do any of the following:

 
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All About 13th Month Pay in the Philippines

December 6, 2015, 4:30 pm
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To start the week, we will be talking about 13th Month Pay in the Philippines. I hope as you read this post you already received your 13th month pay and who known maybe your company even give you a 14th, 15th and even 16th month pay. Lucky you.

For those who, like me, still haven't received their 13th Month then I don't lose hope. Nagsisimula pa lang ang December. For sure you'll receive yours soon.

I was able to post All About Paluwagan, All About Five-Six and All About Philhealth and All About BankingHERE and HERE over the past so today since this will be the trending topic of all employees this month of December, I will be giving a complete guide on 13th Month Pay. From explaining what it is, how it is computed to answering some of the frequently asked questions for your reference.

If you find this post helpful then I encourage you to share the link to others especially on your Facebook, Twitter and Instagram.
 
Let's begin!

The 13th Month Pay Law

Presidential Decree 851 amended by Memorandum Order Number 28was known as the 13th Month Law. It was passed in 1975 which enabled the labor force to celebrate the Christmas and New Year better with additional monetary benefit from their employers.

Under Section 1 of the 13 Month Pay Law, all employers are required to pay their workers who receive a basic salary of not more than 1,000pesos a month, regardless of nature of their employment, position, designation and employment status, a 13th-month pay not later than December 24 of every year. This means whether you are a contract worker and/or under probation you are entitled for a 13th month pay. However, you need to spend at least one month during the calendar year to be included. 

Definition of Terms

13th Month Pay is one twelfth of the basic salary of an employee within the calendar year

Basic Salary includes the earnings paid by an employer to an employee for services rendered but may not include the cost-of-living allowances, monetary benefits which are not part of the employee's regular pay.

The 13th Month Pay Computation

Now how do you compute for your 13th month pay? The computation is mostly done by the HR or the Accounting Department but if you wanted to know how much you'll receive on a personal lever then you can easily compute for your 13th Month. 


13th Month Pay is equivalent to 1/12 of the total basic salary earned by the employee within the calendar year. 


The simple formula is 
 

(Basic SALARY  x Number of MONTHS worked in the current year) divided by 12.


Example


Juan's basic salary is 13,000pesos and he spent 9 months of service in the current year for his job.

13,000 x 9 = 117,000
117,000 / 12 = 9,750pesos



This means Juan will be receiving 9,750pesos as his 13th Month Pay.


The 13 Month Pay Exception on Employers

Now, employers who falls in the following situation are excepted in paying the 13th Month pay 

1. Employers who are already paying their employees a 13th month pay or more in a calendar year like bonus, mid-year bonus, profit-sharing payments and other cash bonuses.

2. Government and any of its political subdivision except those corporations operating as private subsidiaries of the government.

3. Employers of household helpers and/or persons in the personal service of another in relation to such workers.

4. Employers who are paid on purely commission, boundary, task basis and those who are paid by a fixed amount for performing a specific task work.

13th Month Pay Tax Exception Bill

The Republic Act No. 10653 is an act adjusting the tax exemption on bonuses or the 13th month pay received by employees from their employers from 30,000pesos to 82,000pesos.

What does this mean?

If your computed 13th month pay is lower than 82,000pesos then it is not taxable. You will receive your 13th Month Pay as is to the computation. Before the adjustment, the ceiling for this is 30,000pesos so it is one of the most important bill happened this 2015 that is pro- employees.

13th Month Pay for Different Types of Employees

If you are a New Employee,

If you are a new employee, you are entitled for a 13th Month Pay as long as you spent one month of service to your current company. 


Pedro's basic salary is 13,000pesos and had spent 3 months in his new job.

13th Month Pay equals 13,000 x 3 / 12

13,000 x 3 = 39,000pesos
39,000pesos / 12 = 3,250pesos


If you are a Resigned Employee,

If you are a resigned Employees or those who separated during the calendar year are entitled to 13th Month Pay in proportion to the length of time worked during year year. The employee is also considered as a new employee for his/her new job so the rule for New Employees will also apply.

Pedro resigned three months ago in a job where he is paid 15,000pesos. He spent a total of 9 months of service before resigning.


13th Month Pay equals 15,000 x 9 / 12

15,000pesos x 9 = 135,000pesos
135,000pesos / 12 = 11,250pesos


If you are have Multiple Employers, 

If you have multiple employers, you are entitled with 13th Month Pay from all of your private employees. However, if you are a government employee and works part-time to a private company, you will only receive a 13th pay from your private employer.

If you are on a Maternity Leave,

The two months you spent on maternity leave will not be included in the computation of your 13th Month Pay since this is deemed not part of your basic salary and period spent on your service.

Pedro's wife Maria receives 13,000pesos and spent 5 months before filing for maternity leave. Since she is on maternity leave she will still receive two-month worth of salary however the computation of 13th Month Rule will only be 5 months.


13th Month Pay equals 13,000 x 5 / 12

13,000pesos x 5 = 65,000pesos
65,000pesos / 12 = 5,416pesos


To compare if she is not in Maternity Leave and spent 7 months during the calendar year,


13th Month Pay equals 13,000 x 7 / 12

13,000pesos x 7 = 91,000pesos
91,000pesos / 12 = 7,583pesos
Remember:

1. 13th Month Pay is mandated by law. Your employer can be sued for non-compliance.

2. 13th Month Pay shall be given on/before December 24.

3. Whether you are new employee, resigned and/or have multiple employers, you are entitled for your right to a 13th Month Pay

4. Employers who are giving an equivalent of 13th month pay already, nature of business is under government and its political subdivision, has personal relationship with its worker or employer of household helper or paid on purely commission, boundary, task basis are excepted to the 13th Month Pay Law.

5. Christmas Bonus is completely different than the 13th Month Pay Christmas Bonus is not mandated by law and not a responsibility of the employer. Nasa employer kung magbibigay siya ng bonus.

I hope this post helped you. 

If you have questions regarding 13th Month Pay and I might be of help then don't forget to comment below.
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  3. How to be Financially at Peace in Your 30s, 40s and 50s
  4. Managing Your Money: A Beginner's Guide
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  6. No More Excuses! 7 Awesome Tips that Will Help You Stop Wasting Your Money
  7. Studying Your Payslip
  8. Take this Test to Know if You are Financially Fit
  9. The Basics of Online Banking
  10. The Rule of 72: The Classic Computation every Investor Must Know
  11. The Secrets Behind Creating Multiple Sources of Income
 
I hope you liked this post. Don't forget to do any of the following:

 
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My #iBlog11 2-Day Blogging Summit Experience

December 9, 2015, 8:23 pm
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It was my first time attending a iBlog Blogging Summit and I am literally so blessed with the experienced. For the longest time I've been praying for a legit workshop/conference that I could attend to and will enhance my knowledge. 

And not only have I found the perfect conference for me, as a matter of fact it is two days and it's free.

Before I start my post about my experience I'd like to extend my appreciation to the organization behind iBlog. Website : http://iblogph.org/ 


Hosting this annual blogging summit is a big help for bloggers to become better. It has been a great honor attending iBlog 11 and I am so excited for more iBlog experience along the way.

My Key Takeaways from the iBlog 11

  • Great content wins
    • Have fabulous pictures
    • Clear writing
    • Write for an audience
    • Commit and be consistent
  • Create a media kit if you want to document how much you charge
  • Podcasting is a possible next media to penetrate
    • It is a rich niche
    • Can make your blog achieve more
  • Tools to start a podcast
    Me with Ms. Liz of Project Vanity!
    • Laptop, headphone, mic, digital recorder, audio editor software
  • As a blogger calling yourself a journalist is like calling yourself beautiful
  • To be invited on events you should
    • Boost your social media
    • Do's and Dont's when you attend an event
      • Make sure to wear the proper dress code
      • Behave appropriately
      • Be conscious with time
      • Be professional
      • 1 week after the event blog about it 
  • Indirect income for bloggers
    Reunited with my college classmate on Day 2 of iBlog
    • Go for a niche and be unique
    • Study more about your niche and gain authority
    • Don't chase the money. It will find you.
    • Be patient
  • Bloggers need to L.I.E.
    • Level Up
      • Writing Style
      • Read more articles
      • Study other writing techniques
      • Have intriguing title
      • First paragraph is catchy
      • Call to action
      • Blog Design
      • Online presence
        • At least one post a day
        • Interact with your readers
        • Share your blogposts
    • Innovate
      Morning Speakers on Day 1
      • Blog presentation
        • Slideshare
        • Videos
        • Infographics
        • Create contents, giveaways
        • Create a community
        • Collaborate with fellow bloggers
    • Evolve
      • Become a news source
      • Online Lead Generation
      • Entrepreneur
  • Bloggers have the human touch in terms of marketing
    Ms. Ellen who's one of my fave speakers
  • Remember
    • Focus on your brand
    • Be engaging
    • Be collaborative
    • Be creative
  • On content
    • Use content marketing skills
    • Build relationships
    • Mention your sources
    • Comment strategically
      Reunited with another college classmate on Day 2
      • Diversify your content with Slideshare, Haro and Rich Pin
    • Every 3 months study your stats
  • Create a Blog Action Plan
  • Build Alliance and Core Audience
  • Create pillar contents 
  • Promote more
    With Ms. Apple
  • 8 Blogging Tools for Better Traffic
    • Buzzsumo
    • Click to Tweets
    • Buffer
    • Canva
    • Mention.net
    • Google Keyword Planner
    • Pin It
    • Google Trends
  • About Twitter
    Of course I have to wear my comfy running shoes
    • Mind Your Twitter Bio
    • Twitter Links
    • Use Advance Search
    • Use Keyword Shortcuts
    • Visit Twitter Stats
      Commissionaire Javier on the role of bloggers on the coming National Election
The above is just a summarized list  of the the things I've learned out of my 2 Days iBlog experience. Beyond that bullet list is a much more confidence I gained in the world of blogging. It was a perfect way to end the year for I have a much more inspiration to create a perfect plan on how I will present SavingsPinay and IzzaGlino next year. All speakers, who are successful bloggers and digital media practitioners. I love the talk of Ms. Liz as she tackled Beauty and Fashion Blogging in the Philippines. I also enjoyed Ms. Ellen Tordesillas talk, Mr. Pocholo De Leon, Mr. Carlo Ople . On Day 2 my favorite had to be Ms. Apple.

I will treasure the experience I gained and the lessons from each and every speaker. Thank you again to iBlog for making this event happen.
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SavingsPinay's 12-Month Money Makeover | Exclusive to My SavingsPinay Mailing List

December 13, 2015, 4:00 pm
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For about 8 months now I gathered people over my mailing list by providing the Make Your 2015 The Best Year Ever eBook. It's the sign up message that pops up when yo go to SavingsPinay blog. 

If you've sent your email address then it means you are part of the mailing list. You can also close the pop up message and continue reading the posts. 

Now, I know that a lot of the people who signed up for the mailing list weren't able to receive their copy of the 15-page eBook. I'm so sorry. Though I always see the notification from MailChimp that a new person has subscribed, I find myself procrastinating with just the simple task of sending the copy of the eBook. Don't worry. Since the learning in the last year's eBook is applicable almost to any year - it gives basic lessons on personal finance, I know it would still be helpful so expect to get the copy this week. 

Also I have a great news to everyone...

12 Month Money Makeover | Exclusive to my SavingsPinay Mailing List!

Starting TODAY until December 31 I encourage you to join my Mailing List. Why? Because I will be having a 12 Month Money Makeover Freebie for all of the solid SavingsPinay Readers!!!
 
Instead of releasing an eBook, I decided to create something that could give a better engagement. I present to you a SavingsPinay Program that will go on a monthly basis. 

No fee. No anything. All you have to do is become part of the SavingsPinay Mailing List.

Join me and others in the very first SavingsPinay Program entitled 12 Month Money Makeover that will go from January to December 2016. 

How the SavingsPinay Program work?

This is different from the SavingsPinay Series that goes live on my blog. SavingsPinay Program goes straight to your INBOX.

Every first day of the Month we will be learning a new financial tip/trick that can makeover our finances. The program is free as long as you become part of the mailing list since I need your email address. 

You'll get:


1. An article (can be a video too) introducing the financial topic we will be discussing for the particular month.

2. A Skype Group Chat where you can ask questions about the topic and we can share our thoughts to each other.

3. A forum you can follow on the SavingsPinay Facebook Group where I urge you to join too. 

4. Have an accountability group with people who are also in the hope for a money makeover.

5. Other freebies too like infographic, manifesto, template, worksheets and the like.


All you have to do is SIGN UP. Become part of the mailing list and enjoy the change that can happen in your financial life.

NOTE. This is exclusive to the SavingsPinay Mailing List members.

You will receive a THANK YOU LETTER as a sign of confirmation that you are part of the 12 Month Money Makeover Program. It would also include the list of financial tip you will be learning Month after Month.

For those who'd like to join, then sign up NOW until December 31. 

Again, I will only open this exclusively to those who have signed up from today until December 31, then the program will be CLOSED. 

Thank you for reading this post and I hope you'll be part of the very first SavingsPinay Program.

I hope you liked this post. Don't forget to do any of the following:

  • Follow the SavingsPinay FB Group and joing the conversation at : SavingsPinay
  • Follow my official Facebook page at : IzzaGlinoFull
  • Stalk some behind the scenes in my Instragram: glino_clariza
  • Follow me too in my Twitter account: Izza Glino
  • Subscribe to my Youtube channel: IzzaInTheUkayCloset
  • Email me any question or topic suggestion at izzaglinofull@gmail.com
  • Or leave a comment below!!!
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How to Budget Your Money For The Coming Holidays

December 14, 2015, 4:00 pm
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Still can't believe it's only 10 days left before Christmas. I haven't even started making my holiday list.

I know we all agree in saying that budgeting for the holiday season can be a daunting task. 
Planning for Christmas parties here and there will also be a task that will get a big chunk of my time once December starts. And let's not forger the long list of names for gift giving. So to help us all I gathered tried and tested budgeting tips for the coming holidays. 


Create a Holiday Fund as Early as Possible

I suggest creating a holiday fund as soon as the ber months begin. You can put 500-1000pesos per cut off to that dedicated fund and this will spare you from the holiday financial madness.

If you can't fit a holiday fund in your budget then you might want to use your 13th month pay instead. Make it a soul source for your holiday grocery shopping and gifts. READ: All About 13th Month in the Philippines. It is also ideal to start earlier if you have big plans like going out of town. This way you can prepare your money better. 

Set a Budget and Commit to it

As hard as it can be, still one of the most effective way you can budget your money this holiday season is to actually create one. A specific budget set for your holiday spending is what you need. Now how do you create a budget? Set your category first. You need to allocate money for gifts, personal gift to yourself (maybe you want a new haircut, a new dress and others), a vacation and panghanda sa noche buena. Set a limit for each person on their gifts or follow these 10 very simple things can do to save money on gifts.

Create a Shopping List

Before you go straight to the mall or bazaar try to create first a shopping list. This is the easiest way you can avoid overspending. List down exactly what you want to buy for each person on your list. If you are shopping for grocery on the noche buena then have a list of the ingredients you'll need instead of going to the supermarket without any plan at all. 

Avoid using your credit card

It could be a very tempting to use credit this holiday season with a lot of promos going here and there. Using your credit card could lead you impulse shopping whereas if you just bring cash or debit card with you will surely think twice before purchasing an item. You can also use the DIY Spending Tracker Notebook to really follow through where your money goes this holiday season.

5. Buy in Bulk

Buying in bulk saves you money and time. If you'll be having alcohol then buy beverages in bulk there are a half dozen or dozen you can choose from. The same thing goes to ingredients on meals and more. 

I hope you find this post helpful. Let me know in the comment section if you have helpful tips in budgeting for the holiday season.
MORE POSTS TO READ 
I hope you liked this post. Don't forget to do any of the following:

  • Follow the SavingsPinay FB Group and joing the conversation at : SavingsPinay
  • Follow my official Facebook page at : IzzaGlinoFull
  • Stalk some behind the scenes in my Instragram: glino_clariza
  • Follow me too in my Twitter account: Izza Glino
  • Subscribe to my Youtube channel: IzzaInTheUkayCloset
  • Email me any question or topic suggestion at izzaglinofull@gmail.com
  • Or leave a comment below!!!
 
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5 Pinay Personal Finance Blogs You Should Start Reading

December 19, 2015, 4:30 pm
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The Business and Finance niche is very rich and it is nice to find a lot of women topping the charts too. Gone are the days when business and finance is a man's world.

I shared before how I started SavingsPinay. I got obsessed in reading personal finance book in National Bookstore. I read every page and got fascinated on how money works, how I can budget and save and how I can start investing in stock market.

Another thing that helped me become better with money is my daily does of financial advise from women who are into personal finance too.

Today I'll be sharing 5 Pinay Personal Finance Blogs You Should Start Reading. I hope that you get motivated too to take control of your finances because of their intelligent insights.


I've always been a big fan of Ms. Kristine. I  have fun reading her beauty and fashion posts. But the inclusion of Money Matters is such a great decision. Through her I learned How to Invest in BDO UITF, What PNB UITF has to offer and more. Her Money Matters series will give you a lot of lessons from each article.


Ms. Jill is such a big name when it comes to personal finance blogging. I love her blog so much and learned a lot from her journey to financial freedom. I am so happy for the new look of her blog too. I enjoy evertime she shares an income update and when she gives a personal rants/ramblings about budgeting and saving.


I constantly read this blog and follow the journey of Ms. Maria Abellanosa, a former OFW who have now come home to the Philippines for good. I got inspired on how she manage to buy a house at a young age and how she started investing really young too. I also read her blog for frugal tips. 


Ms. Lianne's blog is something I followed since the beginning. She is so young yet so successful in her chosen career path. She is know a successful author, a registered financial planner and she shares her knowledge to help others achieve their goals. And did I mention that she's only 23? 


This is a new blog that I've been enjoying for the past couple of months. Ms. Cindy is so good when it comes to sharing her personal finance experience. I love that her blog is updated and that she shares random financial advice and rants on her portal. I always read her Life Update posts. 
 
Did you enjoy today's post?
 
 MORE POSTS TO READ:
 

I hope you liked this post. Don't forget to do any of the following:

  • Follow the SavingsPinay FB Group and joing the conversation at : SavingsPinay
  • Follow my official Facebook page at : IzzaGlinoFull
  • Stalk some behind the scenes in my Instragram: glino_clariza
  • Follow me too in my Twitter account: Izza Glino
  • Subscribe to my Youtube channel: IzzaInTheUkayCloset
  • Email me any question or topic suggestion at izzaglinofull@gmail.com
  • Or leave a comment below!!!
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SavingsPinay Series | Intentional Living This 2016 Day 1

December 21, 2015, 4:00 pm
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This will be the last SavingsPinay Series for 2015. I hope you did enjoy the inclusion of series posts in this blog where I choose a particular topic and dig dipper by focusing on one point at a time. 

In case this is your first time visiting SavingsPinay then I would like to encourage you to join the SavingsPinay 12-Month Money Makeover Program. Its a program created exclusively to those who will join my mailing list. All you have to do is enter your email address on the link above (right most part of the blog) or comment down below your email address or better yet send me a message at izzaglinofull@gmail.com

I would also appreciate greatly if you join the SavingsPinay Facebook Group. It's a great way for us to engage more and talk about budget, savings, investing and more.

For the December SavingsPinay Series will all be focusing on how to live life intentionally. Now this is a topic very close to my heart. You see, I've been wanting for so long to live life more intentionally. I struggle for the past years to commit to this goal more so prayer of becoming more intentional in my ways. Welcome to SavingsPinay's Series Intentional Living This 2016.

I believe this series is very timely especially now that a New Year begins. I do hope as we start this series we will all learn to live life intentionally this 2016 and forever.

What Does Intentional Living Mean?

By definition, intentional living is all about living life with full consciousness. You know why you do what you do. You think about the consequences of your action and you face everything not as an option but a decision.

To Live Intentionally Is To Be Aware of What's Happening At The Moment

It is important to be aware of who you are and where you are at the moment. intentional Living is all about becoming aware of your life and becoming conscious of your surroundings. 

Think about the following:
  • Are you happy? with your life? with your job? with your relationship? etc.
  • Is there anything bothering you at the moment? personal debt? holiday budget? overdue expenses? failed relationship? etc.
  • What are your goals? your dreams? your ambition? 
  • Are you satisfied with your life currently? Is there anything you want differently?
To Live Intentionally Is To Become In Control with What's More Important

Every day we are faced with a choice. To go or not to go. To wear this or to wear that. To push or to let go. To stop or to continue. The options are available for us to learn how to make wise decisions. 

And we are entitled to commit mistakes. After all, living intentionally is not about perfection. Rather it is a lifestyle of making each decision count. 
 
YOU PUT MEANINGIN WHAT YOU DO. 
YOU ADD IMPORTANCE EVEN WITH THE MOST LITTLE PART.

Living Intentionally will make you more focused, more purposeful and more present. You will never feel missing a big chunk of the day ever again. Before your next action, you know exactly the answer to why you are doing it. That's, my dear, is called setting an intention. 

Want to Live an Intentional Life this 2016? Check out tomorrow's post as we lay the foundation together. 

Hope you enjoy this post.
 
READ MORE:
 
  1. Personal Financial Habits That Can Make You Become Richer
  2. 15 Smart Ways to Earn Extra Income
  3. A Special Guide on the New FAMI Investor's Portal
  4. All About 13th Month Pay in the Philippines - New!
  5. All About Banking in the Philippines Part 1
  6. All About Banking in the Philippines Part 2
  7. All About Philhealth
  8. All About Sweldo in the Philippines
  9. How to Achieve Financial Stability in Your 20’s
  10. How to Actually be Good in Money
  11. How to Budget Your Money For The Coming Holidays - New!
  12. How to Correctly Spend Your Money
  13. How to Handle Bill Payments like a Boss
  14. How to be Financially at Peace in Your 30s, 40s and 50s
  15. Managing Your Money: A Beginner's Guide

 
I hope you liked this post. Don't forget to do any of the following:

 
 
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SavingsPinay Series | Intentional Living this 2016 Day 2

December 22, 2015, 7:06 pm
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Have you joined the SavingsPinay Mailing List? I hope you did join because I opened a program for 2016 wherein I will send an article once a month of a particular financial topic straight to you inbox. Aside from that you'll get more benefits with this program which is absolutely available for free. Click HERE to learn more information.

Today is the Day 2 of our December SavingsPinay Series entitled Intentional Living This 2016. Yesterday I gave a brief introduction of what Intentional Living is.  It is  all about living life with full consciousness. You are aware of what happening around you and why you are doing what you do. You set an intention even to the smallest task that is assigned to you. Read:Day 1 Intentional Living This 2016

On Day 2 we will focus on the WHY and the HOW. I hope that you find this month's series helpful. If you are ready to live intentionally this 2016 then read and ponder upon the posts that will be published this week on SavingsPinay.

Why Live Intentionally?

I know many of us still can't believe that 2016 had already passed us by. It seems like yesterday when 2015 started and now we are on our way to celebrate the New Year. 

Now I want you to honestly assess yourself with the following questions:

  1. You don't seem to find value anymore in what you do
  2. You long for a deeper source of motivation to continue in life
  3. Your heart is sad
  4. You have full of regrets with the things you didn't do over the past year
  5. You have a lot of what ifs and if onlys

If you answer YES to any or most of what mentioned above then you should be more motivated to live intentionally.

Living an intentional life will let you see what's more important in life. You'll have a better understanding of yourself. You'll find a deeper sense of joy and fulfillment in the things you do. Intentional living transforms you current life into a healthier, more fulfilling and abundant one.

How to Live Life Intentionally?

Set Priorities

We can't handle everything at once. Thus, we need to set priorities. What are the first three to five things that's most important for you to get done. What are the areas in your life that really want to focus, the you really want to improve? Is it your financial?mental?professional? etc. Learn to prioritize. 

Always Know the Why of Your Every Whats

I know the above is a little confusing but what I'm trying to say is that you need to finally ask the why in everything that you do. There should be a purpose in what you do and it should be aligned with your goals. You don't just read a book... your read it to learn. You don't just cook  a meal... you cook it to be able to live. You set an intention (a purpose) to everything that you think, you do and you say.

I for example would want to live an intentional life this 2016 by one solid intention.

That in everything that I do, I say and I think...I will be giving it all for the glory of God. 

With that on my mind I know that I am setting a solid foundation in life.

3. Invest on Long Term Values

This 2016, let's learn together to buy less and do more. Let's invest in things that we can treasure for a lifetime. Let's dedicate the year for intentional spending. Travel, learn a new skill or spend quality time with your loved ones. Buy less and do more instead. Have you tried writing a bucket list? If not then try it. This 2016 I'll be sharing mine in this blog and as the days/months progress let's cross out one bucket list at a time.

4. Get rid of clutter in your life

Whether it's physical clutter or emotional clutter, get rid of it. Forgive those who have offended you. Go through your closet or work space and throw the things that you don't need at all. Try to live in a simpler and more minimalistic approach. Declutter the habits that made you unsuccessful. Declutter the people that make you sad or feel worthless. 

5. Find Peace with God

If you are truly encouraged to live an intentional life this 2016 then you need to be one with God. Find peace in His presence and understand that everything is according to His plan. 

Let's live an intentional life this 2016. Tomorrow I'll be sharing Ways to Live an Intentional Life. I'll tour you on the process that I'll be adopting and the tools that I will be using. 

I hope that you learned something with today's post.
 
read More:
 
I hope you liked this post. Don't forget to do any of the following:

  • Follow the SavingsPinay FB Group and joing the conversation at : SavingsPinay
  • Follow my official Facebook page at : IzzaGlinoFull
  • Stalk some behind the scenes in my Instragram: glino_clariza
  • Follow me too in my Twitter account: Izza Glino
  • Subscribe to my Youtube channel: IzzaInTheUkayCloset
  • Email me any question or topic suggestion at izzaglinofull@gmail.com
  • Or leave a comment below!!!
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SavingsPinay Series | Intentional Living this 2016 Day 3

December 23, 2015, 4:00 pm
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On the 3rd installment of ourDecember SavingsPinay Series I will be sharing to you how I attempt to Live an Intentional Life in 2016. 

Remember the questions I pointed on yesterday's post? The one where I commanded you to answer honestly?

For all of the five questions my answer is YES. 


  1. YES I don't seem to find value anymore in what I do (talking about my day job here guys)
  2. YES I long for a deeper source of motivation to continue in life
  3. YES my heart is sad at the end of the day 
  4. YES I have full of regrets with the things you didn't do over the past year, past month and past day
  5. YES I have a lot of what ifs and if onlys in life

This will come as a surprise for someone who knows me personally or have been my friend in Facebook. I know how I seem to be very happy and very accomplished in life on some of my posts however, the real me still remains.

I mentioned before how hard I am on myself. I can't seem to be proud of my accomplishment. There's this constant longing to achieve things and outdo myself. I put a lot of pressure on myself sometimes. I guess it comes with having recognition as my language of love. I always feel the need to be recognized in order to know that people love me or value me. READ: How to Achieve Financial Stability in Your 20's



And so I decided that I want to let go of this constant quest for recognition in everything I do. Instead I want tofocus in living an intentional life.I want to be more mindful in what I do. I want to be more conscious in the present. I want to do things out of selfish reasons. 

This 2016 there will be less of me and more of God.



This 2016 there will less of things bought and more of time well spent

This 2016 there will be less of what if and if onlys but more of yes I did it.

The question is HOW

Let me share to you how I plan to commit to an intentional life this coming 2016 and forever. I pray that this will encourage you to do the same. 
Theme of the Year

I adopted this idea out of the book Eat, Pray and Love by Elizabeth Gilbert. There's a part in the book where Elizabeth and her friends are talking about in an outdoor cafe. There were discussing that every city - and every person - has a word.  Rome's word is "sex", Vatican's word is "power" and New York's word is "achieved" 

Then I thought I should also have a word for myself. But, since a single word can't express my deeper thoughts and feelings I then concluded it a central theme.

What's the theme of your 2016?

Mine, again, is 

"Everything I do, I say and I think will be for the glory of God"

Think for a moment of what the theme for 2016 will be. This will be the focus of your year. Everything that you do, every goal that you set will be aligned in this central theme.
Create a Bucket List

For the first time I will be creating a Bucket List. It's a collection of things I want to do for 2016. No pressure on when, where and how but just a pure list of what I want to do. As for me I plan to include this publicly on the sidebar of my personal blog, IzzaGlino. I will also create a quick navigation link in SavingsPinay to keep track. Publishing it on the web will guarantee that I will stay on track of my list. 

If you are looking for a sample of Bucket List then here is a helpful link: http://personalexcellence.co/blog/bucket-list/
Create a Master To Do List

I became obsessed in Bullet Journaling in 2015. I will start my Bullet Journaling posts next year if you also want to start a bullet journal for yourself.

Anyhow I notice that I have a lot of things unaccomplished during the day because I list down too many things. I don't know how to prioritize. My to do list always become a wish list afterwards. 

Then came the Master To Do List. It is a list of things you need to do but with no specific time. It's like a brain dump of everything that needs to get done. Once you have set a date of time to do it then you move the task on your daily planner. With this, you'll surely become more intentional in how you use your time and how you set priorities in your life. 

My Intentional Living this 2016 Set Up

Intentional Productivity 

Next year I prepared 3 Notebooks. Notebook #1 is my Master Notebook, a room for my idea dump, collections and more. 

Notebook #2 is my Planner, a room for my monthly and daily to do list. 

Notebook #3 is my Blog and Business Notebook, a room for my editorial content management. 

This may seem too much of a task to maintain three notebooks but upon review of how 2015 went, I realized that the reason I am not accomplishing less in life is because I tend to overthink and overachieve things. I create so much clutter in my life. 

Intentional Blogging

Since I count blogging more than just a hobby but an identity I wanted to focus more with my blogs. I want to turn my blog into massive success. To plan out everything, writer better contents and give more value to readers. 

Evernote is where I will continually write each and every blogposts because I love the simplicity of this tool. 

My Notebook #3 will be meant for a lot of planning and to do lists.

Aside from the physical notebooks I also use Google Calendar to plan the blog posts and videos that will be released for the month.

Intentional Spending

I've been such an overspender this 2015 and I want to change that part. I bought a nice envelop and notebook in one thing in Landmark and plan to use it for my DIY Spending Tracker. It's nice because the envelope is available for me to use as I allocate my money on a monthly basis.

Shopping for makeup is what makes me happy but also what makes me broke most of the time and so for 2016 I will be much more intentional with what I will buy. I will try to limit my makeup/vanity shopping to once a month with just a limited budget. No more, no less intentional spending. 

Intentional Relationship

I had a fair shot of heartbreak and "hopia" moments for 2015 and so I learned my lesson. I have to stop chasing love and instead welcome its coming with all my heart. I should learn to love myself first wholeheartedly before I can love another person. I know that everything is in God's perfect timing.

Intentional Soul

This 2016 I want to embrace my life's ultimate purpose. I want to do everything for Him. I want live purposely and know that I without God I am nothing. I want a stable relationship with The Creator. I want to be known as His Daughter and I pray that He will be manifest with my every action from what I say, what I wear, what I watch, what I think and everything. 

In my life that seems out of control, I know that God above is still in control. 

Are You Ready for the Big Change?
I will be honest that a big part of me is afraid that I might not be able to pull off this commitment to Intentional Living this 2016. I might fail...I might be lost along the way. I don't know and I have zero idea in what the future holds.

But this BIG CHANGE fires me up. It ignites my soul. It gives me something to adhere to. A BIG CHANGE IN 2016. 

Now my question is, Are you ready to join me?
I hope this post helps.  
MORE POSTS YOU CAN READ:
  1. 13 Things You Need to Deal with After Graduation
  2. 2015 Financial and Personal Goals: This Time I'll be Better
  3. 30 Do's and Don'ts of a Successful Person
  4. 5 Biggest Sweldo Mistakes Employees Commit and How to Avoid Them
  5. 5 Pinay Personal Finance Blogs You Should Start Reading - New!
  6. 8 Things I Love About Windows 10 Upgrade
  7. A Day in my Life
  8. A Merry and Happy New Year from SavingsPinay!
  9. Being a Technical Writer in the Philippines
  10. Different ways you can apply the 52-Week Money Challenge in Your Life
 
I hope you liked this post. Don't forget to do any of the following:


  • Follow the SavingsPinay FB Group and joing the conversation at : SavingsPinay
  • Follow my official Facebook page at : IzzaGlinoFull
  • Stalk some behind the scenes in my Instragram: glino_clariza
  • Follow me too in my Twitter account: Izza Glino
  • Subscribe to my Youtube channel: IzzaInTheUkayCloset
  • Email me any question or topic suggestion at izzaglinofull@gmail.com
  • Or leave a comment below!!!
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Merry Christmas from SavingsPinay

December 24, 2015, 4:58 pm
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Allow me to greet you a Merry Christmas and to thank you for being such a sweet reader of SavingsPinay. Thank you for spending time reading my each and every blog post published in this humble blog of mine. I wish that I inspired you in a way or two to take charge of your finances. With this short greeting allow me to say Thank You, Sorry and I Love You to you guys.
Thank You

  • Because you helped this blog reach 95,000 pageviews ++
  • Because you share your thoughts in the comment section of this blog
  • Because you support the SavingsPinay Community through Google Plus and Facebook Group
  • Because you have followed my SavingsPinay Mailing List and become part of the family
  • Because you even if I lack content you still stayed supporting my blog
  • Because you inspired me to become a better personal finance blogger
Sorry
  • For the lack of content
  • For saying I'll blog something in a particular day but fail to do so
  • For having "too busy" as an excuse
  • For stopping the SavingsPinay videos on my YouTube Channel
I Love You
  • And I will promise to be a better blogger this 2016
  • And I will continue learning more about personal finance from budget, savings, investments and more
  • And I will provide more value with this blog
A Few More Notes and Reminders
  1. Please follow the SavingsPinay Group Page which will be active in 2016 onwards. I've got a big plan for this Facebook Group
  2. Please join my SavingsPinay 12-Month Money Makeover Program. Every month you'll be receiving FREE article about a particular financial topic straight to your inbox. To join all you need is to add your email address via the form on the top left corner of the blog OR on the pop up invitation you receive every time you visit the blog
  3. Please continue supporting SavingsPinay specially in the last remaining days of 2015. The posts that will be up are all perfect year-ender posts you surely won't miss.
With that said and done, I again wish you a Merry Christmas. It's been a great year after all. 
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My Extra Income Year-End Report

December 25, 2015, 4:30 pm
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Welcome to another year-end post. Today I will be sharing publicly My Extra Income Report where I publish a highly detailed report how much I earn and how I earn through my side hustles. If you've been following my blog for long then you'll know that I have a day job as a Technical Writer in a Makati IT Firm. I've been employed in a day job for almost two years now but I choose to have side jobs here and there to save more money. 

Making this very first extra income year-end report will help me understand the progress in my event hosting, freelance writing, YouTube and blogs. It will allow everyone to see an overview/ clear picture of how I was able to generate extra income for the past year. I hope it will inspire you to take advantage of your spare time and learn ways to earn money. 

My Multiple Sources of Income

2015 has been the busiest year so far. I got active in my blog and my freelance writing career. Though the hosting career isn't that well (I hosted less than 10 paid events this year) I am still happy that I was able to generate legit extra income. 

Event Hosting

  • If my memory is correct I was able to host a few weddings, debuts and public event this year. My fee is still the same. I get 2500pesos for 2-3 hour event if its Metro Manila and additional for the outside Metro Manila. Some of my unforgettable hosting stint would be a back to back event one Saturday where I hosted a wedding around 10am and another wedding on 2pm. I also hosted Emporia's Launch event thanks to Mother of Philippine's PR Ms. Ace Gapuz. I am also humbled to host the wedding of Quitco-Adelino Nuptial and the 18th Birthday celebration of Franchesca Alyanna Santos. 
Freelance Writing

  • I became all out in finding freelance writing gigs for 2015 and so this part here will be pretty long. I will try to detailed out the company/individual I worked for and how much I earned. Since I did some ghost writing for some companies I can't disclose the name of the website or the owner but I'll still do my best to describe.
  • iPBS Content Writing  
    • I worked in a local content writing service website from May- August 2015
    • I was paid through BPI on a weekly basis 
      • First Week May 26- June 10 - 2,649pesos
      • Second Week June 11- June 25 - 960pesos
      • Third Week June 26 - July 10 - 1,620pesos
      • Fourth Week July 11- July 25 - 1,732pesos
      • Last Week July 26- August 10 - 555pesps
    • Total Extra Income - 7,516pesos
  • Kalidad Prints and Favors
    • I worked for a couple of blog posts related to wedding.
    • Fee is 150pesos per post and payment is sent on a weekly basis too
      • I was able to create 15 blogposts
    • Total Extra Income - 1500pesos
  • Foreign Content Writing
    • I worked for different website owners to create one to two contents. 
    • I was paid via Paypal
      • January 2015 from  Kimchee Guesthouse - $6.39
      • June 2015 from Website Application - $2.09
      • July 2015 from Dai Mingsheng - $18.82
      • August 2015 from Latinanomics, Inc. - $11.17
      • August 2015 from Johnnie Houge - $10
      • August 2015 from Lorelei Tuscano- $10
      • September 2015 from Latinanomics, Inc. - $28.38
    • Total Extra Income - $86.85
  • First Upwork Job
    • I worked for web contents
    • Total Extra Income - $26.15
  • Craiglist Client 
    • I worked for a couple of blog posts
    • Total Extra Income - $100
  • Current Content Writing Project 
    • I met a client during the 11th iBlog 2 Day Blogging Summit
    • I will be working on her website with web content pages for 350pesos each and blog posts for 150pesos each
    • Already had first payment
    • Total Extra Income - 1,500pesos
  • Blog
    • Nuffnang Philippines- 123pesos
    • Adsense - $33.19
    • StyleHaul - $25
    • Infolinks - $2.90
    • Sponsored Posts
      • Zalora Partnership - 750pesos GC
      • Two Posts from Ms. Hannah Weijers about prom dresses, bridesmaid dresses, and wedding dresses -$20
      • Heart Press Philippines - $10
    • Total Extra Income - $91.09 and 873pesos
Future Plans

I know I could do better to earn more extra income next year so I am actually planning a lot on how I will approach the New Year. My plan is to do my best in my current content writing project. I want to take care of my client. I would also want to be active again in hosting for events. I miss hosting so much. Hopefully I can advertise my service better in 2016. I am happy for the opportunities that my blogs IzzaGlino and SavingsPinay had earned in 2015 and I am looking forward for a better blog income. I hope to get sidebar ads and sponsored posts too. 

I am blessed to earn extra income in 2015. I was able to use my talent and my spare time wisely. Cheers for the coming 2016. May the year bring prosperity to each and everyone. To God be the glory.
 
MORE POSTS TO READ:

  1. Personal Financial Habits That Can Make You Become Richer
  2. 15 Smart Ways to Earn Extra Income
  3. A Special Guide on the New FAMI Investor's Portal
  4. All About 13th Month Pay in the Philippines - New!
  5. All About Banking in the Philippines Part 1
  6. All About Banking in the Philippines Part 2
  7. All About Philhealth
  8. All About Sweldo in the Philippines
  9. How to Achieve Financial Stability in Your 20’s
  10. How to Actually be Good in Money
  11. How to Budget Your Money For The Coming Holidays - New!
  12. How to Correctly Spend Your Money
  13. How to Handle Bill Payments like a Boss
  14. How to be Financially at Peace in Your 30s, 40s and 50s
  15. Managing Your Money: A Beginner's Guide
I hope you liked this post. Don't forget to do any of the following:

  • Follow the SavingsPinay FB Group and joing the conversation at : SavingsPinay
  • Follow my official Facebook page at : IzzaGlinoFull
  • Stalk some behind the scenes in my Instragram: glino_clariza
  • Follow me too in my Twitter account: Izza Glino
  • Subscribe to my Youtube channel: IzzaInTheUkayCloset
  • Email me any question or topic suggestion at izzaglinofull@gmail.com
  • Or leave a comment below!!!
 
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