Making Sure Budget Plans Work

The pandemic has taught us a lot about how good financial management remain as a valuable skill not just for personal survival, but giving ease to the lives of your family - the closest people for you. We determine budget plans early on, with proper forecasting you get to have peace of mind yes, but in rare occasions, we all struggle. When one gets sick, incapacitated, restrictions happen and people lose their jobs, when businesses decide to close shop, these are emergencies nobody gets prepared for so it is wise you get to evaluate your budgets regularly and learn to properly make adjustments when the need arise.

Managing Finances Effectively

You need a good bank, know where you are putting savings, things for investments, for entertainment (because you deserve that too) and an emergency fund (when the unimaginable happens).


Allocate Appropriately

I always make it a point to have funds directed to a specific goal. A huge chunk of course goes to bills, food and shelter (about 50%), 10 percent goes to entertainment (if you want to go to a vacation, buy something for yourself or your loved one you need to set aside something for this purpose), then 25% goes to investments (if you prefer digital currency, bank deposits, stock market, insurance premiums or money market you need to do this early on). 15% goes to emergency fund so in times you wouldn't be able to work or pay for medical bills if you or your family gets hospitalized, you have this to get funds from. There are a lot of other things to consider and customize these rates, you need to weigh what works for you and stick to it. If you need to adjust, go ahead and make that play. You need to be a little aggressive in making sure your budget works for you.

Monitor Your Investments

Since a huge part of your funds go to investments, you need to have this checked a few minutes a day. Make smart choices if you are looking for short term ones, relax on the long term goals. You don't need to watch lines go up and down and spend hours for it, so only do it when times are volatile, and be aggressive if you have the money to do it with. Familiarize yourself with the market and slowly make your way to grow your funds. You also have to find one that fits your lifestyle. If you want to delve into business, or become an entrepreneur, pick up  a loan with easy payment terms and lower interest rates because a lot of it is out there. 

Manage Your Debt Wisely

Loans, credit card bills are of course part of the game. If you've got a lot of these, consider plans to pay more than the minimum monthly payments to reach your goal of zero debt. You can schedule payments for some purchases for ease of doing business and everyday transactions. Know when interest rates would be okay for you or not. See if you are going to benefit in the long run because remember, some loans and credits are not taxable and if you pay them earlier, it won't be too painful to see where your funds go. Give debt consolidation a try so it would also be manageable to pay for things. If you want information on that, click here.

These are what I do now in order to manage funds, if you've got one that serves the purpose, follow your own strategy and adjust when you see the need to. The market isn't constant just like change, think of more ways to grow your money and see if your budget plans work today.

OFW Home Investments and Optimism in the Philippines

New heroes as they are called, Overseas Filipino Workers have continued to help their families at home. Their hope, is to finally one day go back and see the fruits of their labor and perhaps see their loved ones get decent jobs and live in a house that they could call their own. While this sacrifice doesn't go unnoticed at home, it's a hard life for often overworked Filipinos and the situation with the pandemic surely didn't help.

Red Rosales the President of BRIA Homes says "These are just some of the reasons why OFW's still wish to invest in homes in the Philippines. As the pandemic still is happening, property investments remain steadfast and resilient. More people chose to live where they are from and BRIA have been strategically located in different places where the community grows. These are wise investments they could give their children and prepare for their future." 

 

 

The value of these properties also appreciate over time, not to mention become even more accessible as government projects near completion. Since more of these properties are in the north, your choice could be near Clark International Airport, the cargo rail, connector roads, the MRT7 of which all could benefit travelers to and from Manila. Aside from that, these sites are well planned and situated in communities that are near places of worship, markets, schools, and have amenities that the whole family could enjoy. These are also secure, livable townships with CCTV and security to make sure you are safe inside your neighborhood of which are all located in progressive provinces in the north and south of Manila.

You too can own one because it is possible. BRIA Homes take pride of what they build in these places and assure it follows their mission of giving affordable and quality units. Whether it's house and lot or condominium units, you're sure to get the best one because it's a BRIA.

You may visit their official site www.bria.com.ph or their social channels by searching for Bria Homes, Inc. on FB, Twitter, IG and others. Give them a call today via 0939-887-9637.

GCash To Hold 2nd Money Talks: On Passion and How To Grow Your Savings

I've been doing a lot of investing in the GInvest section of the GCash app. They have launched this in 2019, but just recently, they've been teaching and leading ways in how ordinary people like you and me can actually invest in different funds. If you're 18 years old and up plus a valid identification card, you can start doing it now for as low as Php 50. Crazy and impossible as it may seem, it's true and I was able to earn a few hundred pesos in the first few days of doing it. 

They did a talk a couple weeks ago and it proved to be very successful and it did encourage a lot of Filipinos to start considering investments in their portfolio rather than just putting it on a savings account from their banks. I've learned to have a specific part of my money on moderate kind of investments while putting my extras in aggressive type ones. Make sure you answer the risk assessment questionnaire when you sign up for it so you've got a grasp of how you can diversify it because it'll be a little dangerous if you put your money in one basket these days. 

 

 

Anyway, the folks at GCash are still at it. They're holding another episode this coming June 23 at 8PM on their official Facebook page. It'll be a bit more interesting as their guest Chinkee Tan will be talking more about the ins and out of investing. He's also going to answer if you have some of the weirdest questions because I'm sure, you've heard a lot of stories about investing wherein you're not sure whether it's true or not. The program will be hosted by Jaz Reyes and there will be gamers,Tiktok stars that will also join in the conversation as they too have tried doing investments on the GInvest platform. 

Just search GCashOfficial on Facebook and it'll take you to the page, watch the stream that comes out 8PM and start learning with me. I'm going to be there! :)