[vgal0579]

because of the PhP5 or P10 coin, my kids were able to save P11K (coinbank).  Now it is invested in UITF para malaki ang tubo.... =)

[alone]

pati si hubby ini encourage ko na ring magsave from his allowance, masyado na yata akong adik sa pagiipon, di ako mapakali kung wala akong naitatabi..

lahat ng nababasa kong tips on how to save money sinishare ko sa hubby ko, at least man lang maging literate sya financially kasi puro gastos alam nya.. hehehe.. ngayon pinipilit ko syang basahin nyun RDPD ma enlighten man lang kahit konti..

[jupiterjones888]

i use garapon system. lahat ng lumang garapon ng mayonaise at chiz whiz.

[jaytrix]

ako ginagawa kong monthly expense ang savings ko plus investments at iniisip kong isa sila sa aking bills.. yung tira, yun ang ipangwawaldas... hehehehehe

[Zhel]

Hi! Share lang po baka makatulong. Sa akin nmn, Pag may salary na ako ay hati ko na agad then yung save ko ay kakalimutan ko sya para hindi ko magagamit. Kong ang nakikita ko lang ay yun lang. Pero sa situasyon mo sir ay medyo ngang mahirap. Na sa sarili lang nmn ng mga tao kong desidido mag ipon ay madali lang makakahanp ng paraan pero kailangan control sa sarili at tyaga.

[jenxent]

we monitor our monthly expenses and compared it sa monthly income namin(or our Monthly Income Statement),in that way my view kami kung magkano ang savings namin...my small white board at cork board din kami sa kwarto nkalagay dun yung target namin by priority tithes,saving n investment,emergency,house,travel,sss,grocery,fuel and allowance,nkalagay din dun yung no. of share ng MF at UITF,6days for work at 1day para ky God(continue and its a must),...

natatawa lang ako minsan nagrereklamo na si esmi masyado na daw kaming nagtitipd naninibago kasi siya,hindi tulad nung dalaga pa xa eh bili lang ng bili pagtanggap ng sahud..

[bajoyjoy]

pano mag-ipon ng pera -- simulan sa pagkabata! finally, may initiative na from Deped to integrate financial literacy into our basic education system. hopefully hindi ito ningas-kugon. 

'Cha-Ching' program promotes value of saving money among kids

http://ph.news.yahoo.com/cha-ching-program-promotes-value-saving-money-among-020613200.html

By Nikka Garriga

PASIG CITY, METRO MANILA—The Department of Education (DepEd) has partnered with private life insurance company Pru Life UK to acquaint kids with the nitty-gritty of savings.

The Cha-Ching Money-Smart Kids Program introduces four money management skills—earning, savings, smart spending and donating—using an edutainment approach that children could relate to at an early age.

The term Cha-Ching is derived from the sound of a money box or cash register.

It is the first fully integrated, multi-country and multi-platform learning module that helps parents build money-smart value across seven countries in Asia.

At seven, most Filipino kids start setting aside money, according to a research cited by Pru Life.

About 98 percent of Filipino parents believe their children should learn money management skills, and only 19 percent think their children have adequate money management skills.

“These are some of the issues that Cha-Ching hopes to address. An effective financial literacy program should start from childhood,” Pru Life UK President Antonio De Rosas said.

The program will first be introduced in Upper Bicutan Elementary School in Taguig City and in Tagaytay Elementary School in Tagaytay City.

It will run initially for two years under the Adopt-a-School Program of DepEd.

Education chief Armin Luistro emphasized the need for children to instill and understand the value of money and how it is earned to better appreciate it.

“If a child appreciates at an early age that it takes hard work to earn money to buy things, save, or even share with others, he will have a valuable lesson which he can use through life,” Luistro explained.

The four core money management concepts will be explained in a Cha-Ching Money-Smart Kids kit which contains a lesson plan, training for teachers, cartoon musical edutainment episodes in DVD plus work books and other school items.

It will be integrated in either Mathematics or Values Education subjects of Grade 2 students starting school year 2012 to 2013.

The Cha-Ching Money Smart Kids is part of Pru Life UK's Financial Literacy for the Youth Program. It is an off-shoot of the Cha-Ching musical edutainment series launched last year.

[mamee]

ako ginagawa kong monthly expense ang savings ko plus investments at iniisip kong isa sila sa aking bills.. yung tira, yun ang ipangwawaldas... hehehehehe

Ganyan din kami! Kasama sa expenses yun mutual fund + special deposit account namin... kasama sa 'bayarin'

we monitor our monthly expenses and compared it sa monthly income namin(or our Monthly Income Statement),in that way my view kami kung magkano ang savings namin...my small white board at cork board din kami sa kwarto nkalagay dun yung target namin by priority tithes,saving n investment,emergency,house,travel,sss,grocery,fuel and allowance,nkalagay din dun yung no. of share ng MF at UITF,6days for work at 1day para ky God(continue and its a must),...

Ok ito ah!  Yun sa amin nakasulat lang sa paper yun monthly budget + expenses (includes savings + investments). Then ako, gumawa ako ng annual investment plan kung saan nakasulat example January 2012 start ng Special Deposit Account namin dito na xx amount nakalagay then February start ng mutual fund equity na xx amount nakalagay + additional sa January investment then July last payment sa Educ fund etc.

[Sniper18]

--May binigay po na book sa akin yun pong "ANG PERA NA HINDI BITIN" and yun po ang nag lead sa akin dito sa PMT.. dun ko din po natutunan kung paano mag ipon at paano humawak ng pera.. dati po kapag sumasahod ako laging palabas ang pera nang hindi ko man lang namamalayan.. Then mag audit ako d ko na alam kung san napunta.. pero mula po nang mabasa ko yung booklet natututo po ako na mag list ng expenses ko monthly, then kinukumpara ko po kung saan ako naging magastos last month para alam ko kung saan ako magtitipid na area.. and ok din po yung sinabi na every payday, automatic nang mag deduct yung bank ng kung magkano yung irerequest mo sa kanila and mapupunta po yun sa ibang savings fund mo... and natutuwa naman ako sa nangyayari ngayon sa pag iipon ko.. ^_^ share ko lang po.. baka sakaling makatulong...

[vgal0579]

Many Filipino households ‘unbanked’ -- BSP

MAJORITY of Filipino households are not saving for the future, the Bangko Sentral ng Pilipinas (BSP) yesterday said as it released the results of its first Consumer Finance Survey that showed only two out of 10 families maintain deposit accounts.

“The main reason cited by [around 93% of] households for the absence of a deposit account was they did not have enough money,” BSP Assistant Governor Ma. Almasara Cyd N. Tuaño-Amador told reporters at a briefing.

The remaining 7% claimed they did not need a bank or cash account, could not manage an account, the minimum balance requirement was too high, or they did not like dealing with banks or other financial institutions.

The survey was conducted from November 2009 to January 2010 and covered 10,520 households in Metro Manila and the Ilocos, Central Visayas and the Davao regions.

That eight out of 10 Filipino households were “unbanked” or not part of the formal financial system meant many did not have the means of weathering economic shocks or unexpected events.

It also meant that the BSP, which has made “financial inclusion” an advocacy, has its work cut out for it, officials said.

“The BSP should continue to work towards a more inclusive financial system, one that reaches out to... those who are excluded or unbanked,” central bank Governor Amando M. Tetangco, Jr. said during the briefing.

He added that the BSP should continue educating households on the advantages of entrusting savings to financial institutions and investing in various financial instruments.

BSP Deputy Governor Nestor A. Espenilla, Jr., in a text message, stressed the importance of having a deposit account.

“Bottom line, people should be saving if they can. And saving in banks is a better option for an individual than keeping money under the mattress,” he said.

“Money saved in banks also help the economy when these are recycled through loans to productive activities.”

Results of the Consumer Finance Survey also showed that a bigger proportion of households in Metro Manila (28.1%) had a deposit account compared to those in the other regions (16.1%).

Most families chose to open a deposit account in commercial banks. Other depository institutions were rural and cooperative banks, savings and thrift banks, multipurpose or credit cooperatives, microfinance banks, savings and loan associations and “paluwagan.”

“Not all deposit accounts were interest-bearing,” the report read. “Only six in 10 households had interest-paying deposit accounts. This indicated that a significant number of deposit accounts had an average daily balance below the required number to earn interest or had earned a negligible amount of interest.”

Aside from the low proportion having deposit accounts, Ms. Tuaño-Amador said “a very small percentage” of households had investments in stocks, mutual funds, or fixed-income securities including government papers.

In Metro Manila alone, less than 1% had invested in such financial instruments, while outside the region the percentage was “negligible.”

The survey also showed that almost half or 42.7% of respondents had at least one retirement or insurance plan.

Of this figure, 93.9% were covered solely by government insurance, 4.5% by both government and private firms, and the remaining 1.6% solely by private companies.

“The BSP should liaise with government pension systems to encourage membership and regular or timely payment of premiums to national pension and retirement funds...,” Mr. Tetangco said.

Ms. Tuaño-Amador added that “the benefits of joining the national insurance and pension system and the regular payment of premium should likewise be incorporated in the government’s financial educational programs.”

“This will not only encourage forced saving among households but also afford them protection from unexpected or unplanned expenditures,” she stressed.

With regard to credit cards and loans, 3.9% of households had credit cards, while 20.9% of households availed themselves of real estate, housing, motor vehicle and credit card loans.

“These [loans] were used primarily for business start-ups and expansion, educational expenses, debt payment, medical and house improvement expenses,” Ms. Tuaño-Amador said.

The money was sourced from money lenders, cooperatives, financing firms, the Social Security System and the Pag-IBIG Fund. - BW

[jenxent]

Many Filipino households ‘unbanked’ -- BSP

MAJORITY of Filipino households are not saving for the future, the Bangko Sentral ng Pilipinas (BSP) yesterday said as it released the results of its first Consumer Finance Survey that showed only two out of 10 families maintain deposit accounts.

“The main reason cited by [around 93% of] households for the absence of a deposit account was they did not have enough money,” BSP Assistant Governor Ma. Almasara Cyd N. Tuaño-Amador told reporters at a briefing.

The remaining 7% claimed they did not need a bank or cash account, could not manage an account, the minimum balance requirement was too high, or they did not like dealing with banks or other financial institutions.

The survey was conducted from November 2009 to January 2010 and covered 10,520 households in Metro Manila and the Ilocos, Central Visayas and the Davao regions.

That eight out of 10 Filipino households were “unbanked” or not part of the formal financial system meant many did not have the means of weathering economic shocks or unexpected events.

It also meant that the BSP, which has made “financial inclusion” an advocacy, has its work cut out for it, officials said.

“The BSP should continue to work towards a more inclusive financial system, one that reaches out to... those who are excluded or unbanked,” central bank Governor Amando M. Tetangco, Jr. said during the briefing.

He added that the BSP should continue educating households on the advantages of entrusting savings to financial institutions and investing in various financial instruments.

BSP Deputy Governor Nestor A. Espenilla, Jr., in a text message, stressed the importance of having a deposit account.

“Bottom line, people should be saving if they can. And saving in banks is a better option for an individual than keeping money under the mattress,” he said.

“Money saved in banks also help the economy when these are recycled through loans to productive activities.”

Results of the Consumer Finance Survey also showed that a bigger proportion of households in Metro Manila (28.1%) had a deposit account compared to those in the other regions (16.1%).

Most families chose to open a deposit account in commercial banks. Other depository institutions were rural and cooperative banks, savings and thrift banks, multipurpose or credit cooperatives, microfinance banks, savings and loan associations and “paluwagan.”

“Not all deposit accounts were interest-bearing,” the report read. “Only six in 10 households had interest-paying deposit accounts. This indicated that a significant number of deposit accounts had an average daily balance below the required number to earn interest or had earned a negligible amount of interest.”

Aside from the low proportion having deposit accounts, Ms. Tuaño-Amador said “a very small percentage” of households had investments in stocks, mutual funds, or fixed-income securities including government papers.

In Metro Manila alone, less than 1% had invested in such financial instruments, while outside the region the percentage was “negligible.”

The survey also showed that almost half or 42.7% of respondents had at least one retirement or insurance plan.

Of this figure, 93.9% were covered solely by government insurance, 4.5% by both government and private firms, and the remaining 1.6% solely by private companies.

“The BSP should liaise with government pension systems to encourage membership and regular or timely payment of premiums to national pension and retirement funds...,” Mr. Tetangco said.

Ms. Tuaño-Amador added that “the benefits of joining the national insurance and pension system and the regular payment of premium should likewise be incorporated in the government’s financial educational programs.”

“This will not only encourage forced saving among households but also afford them protection from unexpected or unplanned expenditures,” she stressed.

With regard to credit cards and loans, 3.9% of households had credit cards, while 20.9% of households availed themselves of real estate, housing, motor vehicle and credit card loans.

“These [loans] were used primarily for business start-ups and expansion, educational expenses, debt payment, medical and house improvement expenses,” Ms. Tuaño-Amador said.

The money was sourced from money lenders, cooperatives, financing firms, the Social Security System and the Pag-IBIG Fund. - BW

ito yung balita sa TV nung nka.raang gabi..

[ferrariEverest]

Many Filipino households ‘unbanked’ -- BSP

interesting.
Salamat, Sir vgal.

[vgal0579]

^no problem boss!

[bilagan2004]

Ako naman, naggawa ako sa Excel sheets ng projected na income ko (basic salary ko for one year) tapos nakalist din don ung mga expenses ko. Since ngwowork ako overseas, nagfifill-up ako ng remittance form from my company which is automatic ng dinededuct sa aking salary. Every 20-25th of the month eh nakikita ko na online account ko ung remittance as savings ko. Sa ngaun almost 6 mos ko na e2ng ginagawa at nakakatuwang tingnan na malalaki laki na rin ang naiipon ko. Ang maipapayo ko lng cguro s mga gusto mag-ipon, khit gaano kaliit ang kaya nyong ipunim bsta ggwin nyo e2 in a constant ways, for sure mag-ggrow ung savings nyo na d nyo napapansin at mkkta nyo na lng na wow! laki na pla ng savings ko. Tapos lahat ng mga unexpected na kita ko like overtime, bonuses, per diems eh deretso ko ng nireremittance sa savings account ko (passbook account). Lahat ng projected savings ko sa excel sheets ko ay tinatry kong masunod at as of now wala pa nman akong d nasunod. Gumawa rin ako ng line graph to compare my target savings vs. actual savings para mas ganahan akong makita na ms malaki ang agwat ng actual ko sa target savings ko..

[brians]

pano mag ipon ng pera - save at least 70 percent of your salary use only 30 percent of it. at the end of the day kung magkanu coins nasa bulsa lagay mo sa alkansya do this regularly you'll be surprise how much you save in a month. you can do shopping every quarterly or pag may bonus ka you can use that not your salary. avoid using credit card dito tayu nauubos ang salary natin. no need to buy expensive gadgets unless may nag regalo.

when i was in college i bought my very first nokia 7110 i earned it in 3 months how much is my allowance its just 150 per day hindi kasama sat and sun. i only use 50 pesos yun 100 tago lang. papanu ko yan natitiis eh hindi nga ako pala gimik hindi pa ko kaya bumili ng starbucks na worth 150. mom ko nga sobrang kuripot lahat tinitipid pero i realized my mom earned millions lahat sa investments lang pina ikot.

bottomline is: habang bata ka pa start save money learn how to invest wag maging magastos when you get rich dont forget kung saan ka nang galing be a low profile wag maging mayabang sa pera ang pera pwede maubos kung hindi ka marunong humawak.

enough said =)