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PMT Forum's MOST POPULAR Discussion Boards => General Questions and Discussions about Money => Topic started by: untiedescape on Jan 30, 2013, 03:07 AM

Title: How to manage Php25,000 Net Monthly Salary
Post by: untiedescape on Jan 30, 2013, 03:07 AM
Hi Sir and Mam,

Sorry po I'm not sure if this is the right place to discuss this matter.

I would like to get your opinion if I am doing the right thing in managing my monthly salary.
Naka loan kasi sa banko un house namin so tulong tulong kami sa pagbabayad tapos nag start narin ako sa stocks pero under EIP (Easy Investment Plan) tapos savings ng 2k monthly.

Tingin nyo base sa computations below ng monthly income ko, I will be able to get enough retirement fund? how long should I invest sa EIP or should I start active trading narin sa COL?

or hanap nlng ako mas malaking sweldo...hehehe...

Tithing/Donations                                                   2500.00
House Loan (share ko sa loan ng bahay namin)   5000.00
Emergency Fund (Savings Acct)                           2000.00
Monthly Allowance                                                   4000.00
COL (Colfinancial-EIP)                                           5000.00
Sunlife(Variable Insurance, payable up to 10 yrs)   2000.00
Misc.                                                                   4500.00
                                                                             ___________
Total Monthly Income (net)                         =====    25000.00
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: ferrariEverest on Jan 30, 2013, 09:38 AM
Sir, ang pinaka mainam,
hanap trabaho na mas malaki sweldo habang:
nag iipon
pinapalaki ang % ng monthly savings vs % ng expense
nag-aaral/practice ng trading/investing for at least 6-12 months

kung ako tatanungin, if you cannot devote AT LEAST 10-20 hours EACH week sa pag-aaral tungkol sa trading/stocks (analyzing companies, reading news/books, at magpractice), you should not dabble with it (or at least you should not expose yourself too much to it). nagmumukhang ATM ang stocks ngayon, parang andali dali gawin, pero hindi masaya lahat ng nagte-trade ng stocks, mas marami ang sunog/stressed. habang dumadami ang kumikita sa trading, mas lumolobo ang bilang ng nasasaktan. Parang war zone ang trading, you have to come armed AND prepared.

Negosyo ang trading/investing; it's not a fad. so treat it seriously and you would do well in it.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: Rothschild on Jan 30, 2013, 10:49 AM
kulang ang computations mo, lagyan mo pa ng income tax, contributions either SSS, GSIS PAG-IBIG (automatic deductions ito) at syempre pang-date mo, gadgets, pang-load, pagkain, pambili damit, goodtime at bisyo para mas accurate ang computation
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: AMARANTH on Jan 30, 2013, 11:23 AM
Reduce the tithing to 500 only.  magkano lang sweldo mo pero medyo mataas ang budget mo diyan especially kung simbahan lang pala napupunta yun (charitable institution, religious groups or churches are rich enough to fend for themselves).  If you're serious about doing good then convert that to foodstuff then distribute it directly to the poor like beggears, street children etc but since your question is about retiring then 500 is more than enough in proportion to your salary.


Im also never a believer of insurance  even if it was patterned like an investment vehicle as they are rarely worth it besides hazardous ba ang profession mo? are you the sole breadwinner na tipong kapag may nangyari sayo tutumba na pamilya mo?.   but if you really want one the most honest answer after being in this forum long enough and advises from my own research is term insurance only.


as to stocks you probably invested at the time when we are at all time highs on PSEI index and as mentioned by ferrari might not had invested considerable time to think it over so your portfolio must not be spectacular.




Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: smasayuki on Jan 30, 2013, 12:25 PM
@ferrariEverest

kung ako tatanungin, if you cannot devote AT LEAST 10-20 hours EACH week sa pag-aaral tungkol sa trading/stocks (analyzing companies, reading news/books, at magpractice), you should not dabble with it (or at least you should not expose yourself too much to it). ....
Negosyo ang trading/investing; it's not a fad. so treat it seriously and you would do well in it.

kuya ask ko lang, newbie din ako about trading/investments, since malabo para saken magdevote ng10-20 hours/week, hindi rin ba mainam kahit sa mutual fund? So let's say gagamitin naten yung setup ni untiedescape, ok na ba sya kung ganito, na instead of COL-EIP, MF-equity/bond fund na lang, ay hala same case lang ba yun?? (at meron din ako VUL sunlife tulad ni untiedescape..)?

Tithing/Donations                                                   2500.00(kuya generous mo naman hehe)
House Loan (share ko sa loan ng bahay namin)   5000.00
Emergency Fund (Savings Acct)                           2000.00
Monthly Allowance                                                   4000.00
MF(could be equity/bond)                                        5000.00
Sunlife(Variable Insurance, payable up to 10 yrs)   2000.00
Misc.                                                                   4500.00
                                                                             ___________
Total Monthly Income (net)                         =====    25000.00

 :thankyou:

Edited: not sure pala with COL-EIF, more on trading din po ito di ba? unlike sa MF na meron nang mag-ma-manage ng trading para sayo? tama ba  :oops:  :help:
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: freedompinoy on Jan 30, 2013, 12:27 PM
I agree with ferrari , siguro maganda hanap muna ng work na mas malaki ang sahod then kapag nakahanap ka na ng work na mas mataas ang sahod( to increase your monthly active income) ung maitatabi mo na savings keep mo muna until dumating ung time na ready ka na maginvest or mag sideline.  Invest muna in education for the meantime . :-)
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: george88 on Jan 30, 2013, 01:01 PM
@yuki

COL-EIP is a long term investment lof citisec online they will send you regularly which stocks you should put your money that is good for those people who do not have time to analyze market read chart etc etc...

Ang generous nga ni TS mas malaki ang kanyang tithings sa savings nya Catholic ka ba TS?... :yoohoo:
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: smasayuki on Jan 30, 2013, 01:26 PM
@george88

Ah i see..so malabo nang maging option ko to hehe thanks  :thankyou:
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: allanmm13 on Jan 30, 2013, 02:38 PM
or hanap nlng ako mas malaking sweldo...hehehe...

Tithing/Donations                                                   2500.00
House Loan (share ko sa loan ng bahay namin)   5000.00
Emergency Fund (Savings Acct)                           2000.00
Monthly Allowance                                                   4000.00
COL (Colfinancial-EIP)                                           5000.00
Sunlife(Variable Insurance, payable up to 10 yrs)   2000.00
Misc.                                                                   4500.00
                                                                             ___________
Total Monthly Income (net)                         =====    25000.00

Seems ok naman ang budget plan mo.

Tithe is at 10%... I envy you kasi ako asa 5% pa lang allocation ko..  :)

Savings (COL + VUL) .. approx. 24% to 28% (depending kung magkano ang VUL portion that goes to investment, & those that goes to insurance/fees)

The only thing na nakikita is yung Misc. (16%)... pwede mo bang squeeze ito para lalo mag boost yung savings %?

Otherwise, baka pwede mong gamitin na lang ang spare time mo for income-producing activities na hindi correllated sa equity market...

Check these 2 aspect to grow your wealth.
Money Management - Save 20% of income
Time Management - Use spare time to generate extra cashflow
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: intsik51 on Jan 30, 2013, 03:38 PM
With the permission of gurus and other PMTmembers, I would like to comment about TITHING, Untiedescape of tithing of 10% is just approriate and commensurate on the earnings. The bible said believers should/must allocate 10% of their earnings for the LORD. I would like to presume that He/she is praticing his/her Belief in accordance with the commandments of the Almighty GOD...
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: george88 on Jan 30, 2013, 03:51 PM
I'm a believer of GOD but not a priest nor a religion

Religion divides people

Priest  OMG i forgot Catholic Church invest in BPI,Mining and other big corporation and who are those people behind  that organization? :cool2:

To those who do tithing give it to Bo sanchez organization he is the real guy your tithing is worth in his org he has anawim, scholars etc etc. He is true to his word. If you go to church just put a coins  :D
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: AMARANTH on Jan 30, 2013, 04:22 PM
Which is why his tithing if ever he decides to retain that much is better spent directly helping the poor than donate it to any religious organizations pretending to be paupers.

Also, i discourage him to invest on life insurance of any kind unless his situaion warrants it,  It better not be some agent showing him some wonderful computation on how much he is going gain a lot etc etc which is a terrible reason since its usually sales talk.

The problem with investing in stock, mutual funds or uitf now or even last year for someone like untiedescape is that we are breaking all time highs while the world econmy is in reality still in terrible shape if not for 3 succesive QE (quantitative easing) in america and more if it permits w/o crashing the world.   Kung sana bumili siya ng stock nun 2008-2009 na all time lows, halos kahit anong stock binili niya kikita siya ng malaki ngayon kahit walang aral aral pa.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: george88 on Jan 30, 2013, 04:58 PM
Which is why his tithing if ever he decides to retain that much is better spent directly helping the poor than donate it to any religious organizations pretending to be paupers.

Also, i discourage him to invest on life insurance of any kind unless his situaion warrants it,  It better not be some agent showing him some wonderful computation on how much he is going gain a lot etc etc which is a terrible reason since its usually sales talk.

The problem with investing in stock, mutual funds or uitf now or even last year for someone like untiedescape is that we are breaking all time highs while the world econmy is in reality still in terrible shape if not for 3 succesive QE (quantitative easing) in america and more if it permits w/o crashing the world.   Kung sana bumili siya ng stock nun 2008-2009 na all time lows, halos kahit anong stock binili niya kikita siya ng malaki ngayon kahit walang aral aral pa.

hehe if there is a bull run papa bear will come also probably as heavy as bull... Those smart and brave enough to bet during 2008-2009 crisis most probably enjoying today and waiting for the next move
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: rds on Jan 30, 2013, 05:09 PM
Reduce the tithing to 500 only.  magkano lang sweldo mo pero medyo mataas ang budget mo diyan...


Kung 500 lang ibigay nya, at sweldo nya ay 25,000 - ay hindi na tithing ang tawag dun.

tithes means one-tenth of something!
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: AMARANTH on Jan 30, 2013, 05:40 PM
In that case he should just call it donation instead of tithing.

Para sa akin, antayin na lang niyang stable na siya bago magbigay ng full 10% , tingnan mo naman may binabayarang pang home loans tapos insurance pa ng 10 years!!   tsaka the way he "talks" sa pagpost dito mukhang alanganin pa sa buhay- in short medyo hindi pa nakaipon ng malaki.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: Rothschild on Jan 30, 2013, 05:48 PM
masyadong malaki yung 10% tithing! kung doomsday na bukas eh pano pa gagastusin yan !
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: AMARANTH on Jan 30, 2013, 05:57 PM
kahit pa si henry sy na catholic hindi yan nagbibigay ng 10% nasa 1-3% lang pero dahil sa billions ang kinikita kaya nagiging malaki ang halaga pero  pinaka mahalagang malaman ng tao ay binubuhos niya ito sa free education and public schools ng foundation niya hindi sa mga nagkukunwaring mahirap na religious groups.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: rds on Jan 30, 2013, 06:02 PM
masyadong malaki yung 10% tithing! kung doomsday na bukas eh pano pa gagastusin yan !

bakit ka nagpo-problema kung pano gagastusin e doomsday na nga! ke nilagay mo yan sa stocks o sa tithes kung doomsday na bukas, it will not matter!
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: Rothschild on Jan 30, 2013, 06:04 PM
bakit ka nagpo-problema kung pano gagastusin e doomsday na nga! ke nilagay mo yan sa stocks o sa tithes kung doomsday na bukas, it will not matter!

gastusin na yan baka gastusin pa ng iba !
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: rds on Jan 30, 2013, 06:24 PM
^tama. gastusin na yan! basta't gastusin sa tamang paraan...
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: george88 on Jan 30, 2013, 06:46 PM
Next doomsday is 05-15-2015  :b_tux:

source aling dionisia  :hihi:
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: yllor on Jan 30, 2013, 08:53 PM
I would like to get your opinion if I am doing the right thing in managing my monthly salary.

Tingin nyo base sa computations .... , I will be able to get enough retirement fund? how long should I invest sa EIP or should I start active trading narin sa COL?

or hanap nlng ako mas malaking sweldo...hehehe...

makikigulo ako..  :hihi:
1. 'enough retirement fund'? - depende sa age po nila at base sa breakdown po ninyo ay yung EIP at Variable Insurance ang inaasahan mo na retirement fund. since mataas na ang market ngayon pwede pong bumaba later on... so delikado retirement fund ninyo.
2. 'how long sa EIP '? - it is a good start savings but risky savings in EIP stocks. better speed up your study / knowledge in investment para protektahan EIP account mo.. syempre hanggang kaya ng budget mo kumuha.. know your RISK...RISK.. RISK
3. 'active trading' - mas maganda kung mas maganda na background mo sa stock investing bago ka start sa real stock. trial ka muna sa stock games habang build-up mo yung kaalaman / strategy ng stock market.
4. malaking sweldo - eto maganda, wala ka talo dito kundi pagod lang sa katawan. malaking sweldo=madaming trabaho/responsibilidad nga lang :D

oopppppsss.. napansin nla yung Tithing mo.. malaki daw.. meron mga komento  pero ayos lang naman yata sa iyo kaya OKEY lang yan... siguro naman hindi magrereklamo yung pagbibigyan mo.  :applause:
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: bilagan2004 on Jan 30, 2013, 09:05 PM

oopppppsss.. napansin nla yung Tithing mo.. malaki daw.. meron mga komento  pero ayos lang naman yata sa iyo kaya OKEY lang yan... siguro naman hindi magrereklamo yung pagbibigyan mo.  :applause:

 :hihi: kulit lang ni Sir Yllor, tlgang may gana pang magreklamo ung pagbibigyan  :rofl:
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: untiedescape on Jan 31, 2013, 01:58 AM
Thanks po sa mga feedback...

Yes po Catholic ako and I practice nga po yung 10% tithing.

hmmnn, cge po pag aralan ko po lahat ng advises nyo, maraming salamat talaga...

hmmnn passive income tlga ang kelangan at mas malaking sahod.... so sa ngaun mga sir san nyo po itinatabi  ang savings nyo or ang emergency fund nyo?

regarding sa COL - EIP, dapat po ba pag aralan ko nalang muna ung stocks para mag active trade or tuloy ko nlng muna sa ngaun?

Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: kulatir on Feb 01, 2013, 01:28 PM
Thanks po sa mga feedback...

Yes po Catholic ako and I practice nga po yung 10% tithing.

hmmnn, cge po pag aralan ko po lahat ng advises nyo, maraming salamat talaga...

hmmnn passive income tlga ang kelangan at mas malaking sahod.... so sa ngaun mga sir san nyo po itinatabi  ang savings nyo or ang emergency fund nyo?

regarding sa COL - EIP, dapat po ba pag aralan ko nalang muna ung stocks para mag active trade or tuloy ko nlng muna sa ngaun?



pag aralan mo muna isa isa hindi kelangan magmadali,slowly but surely,Ako inuna ko insurance to protect my assets,then nung inaral ko na UITF pinasok ko na din,ngayon im into stocks and still studying. Meron na din ako Real Estate mortgage wala lang trip ko lang para may masabi naman na may sarili akong bahay. All of these comes to my excess savings in my present job. Si misis naman business ang mindset nya livestocks and palaisdaan,
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: moncorp on Feb 10, 2013, 10:37 PM
Reduce the tithing to 500 only.  magkano lang sweldo mo pero medyo mataas ang budget mo diyan especially kung simbahan lang pala napupunta yun (charitable institution, religious groups or churches are rich enough to fend for themselves).  If you're serious about doing good then convert that to foodstuff then distribute it directly to the poor like beggears, street children etc but since your question is about retiring then 500 is more than enough in proportion to your salary.


Im also never a believer of insurance  even if it was patterned like an investment vehicle as they are rarely worth it besides hazardous ba ang profession mo? are you the sole breadwinner na tipong kapag may nangyari sayo tutumba na pamilya mo?.   but if you really want one the most honest answer after being in this forum long enough and advises from my own research is term insurance only.


as to stocks you probably invested at the time when we are at all time highs on PSEI index and as mentioned by ferrari might not had invested considerable time to think it over so your portfolio must not be spectacular.





Reduce it to 0... don't donate if you don't need to..


Monthly allowance 4k? are you single? I bet you are not eating well...
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: mlangseth on Feb 11, 2013, 05:14 AM
NO titling sa simbahan... tithes are supporting their bad habits...eg pedophilia..


https://www.facebook.com/events/284117311716882/
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: moncorp on Feb 11, 2013, 08:41 AM
NO titling sa simbahan... tithes are supporting their bad habits...eg pedophilia..


https://www.facebook.com/events/284117311716882/
I agree with you..

In the cathedral here in our town, they placed a donation box on the door of the church and they are giving out envelopes to the mass attendees(purpose: for the renovation). Very unethical,.. they are literally catching people, to ask for donations.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: pugeboy on Feb 19, 2013, 03:37 PM
The problem with investing in stock, mutual funds or uitf now or even last year for someone like untiedescape is that we are breaking all time highs while the world econmy is in reality still in terrible shape if not for 3 succesive QE (quantitative easing) in america and more if it permits w/o crashing the world.   Kung sana bumili siya ng stock nun 2008-2009 na all time lows, halos kahit anong stock binili niya kikita siya ng malaki ngayon kahit walang aral aral pa.
so kelan po dapat mag-invest? what if tuloy tuloy gumanda economy natin, so does it mean wala ka na chance mag-invest kasi nga mataas na at may risk kang malugi? or should you wait na bumagsak na naman ang market? kelan pa ulit yun? should you wait for years before you start investing? ano po ba ang indication ng bagsak na market? what's the "value" or "number" if there is such a term.. thanks.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: jjalfonso1 on Feb 20, 2013, 04:41 AM
so kelan po dapat mag-invest? what if tuloy tuloy gumanda economy natin, so does it mean wala ka na chance mag-invest kasi nga mataas na at may risk kang malugi? or should you wait na bumagsak na naman ang market? kelan pa ulit yun? should you wait for years before you start investing? ano po ba ang indication ng bagsak na market? what's the "value" or "number" if there is such a term.. thanks.

Depends on your risk tolerance and time horizon. 

If you're in it for the long term, go ahead and invest now.  Markets go up and down in the short term, but long term, markets trend up.  You can mitigate some of the risk via diversification (investing in assets that don't have much correlation), rebalancing your asset allocation, and dollar cost averaging.

It's impossible to know the exact right time to invest, which is essentially market timing.  The world's best economists make educated guesses, and still get it wrong.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: Gloria564 on Feb 20, 2013, 09:27 AM
COL-EIP is a long term investment lof citisec online they will send you regularly which stocks you should put your money that is good for those people who do not have time to analyze market read chart etc etc...
(http://www.chauqui.info/1.jpg)(http://www.chauqui.info/2.jpg)(http://www.chauqui.info/3.jpg)(http://www.chauqui.info/4.jpg)(http://www.chauqui.info/5.jpg)
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: creativehaven on Feb 20, 2013, 11:56 PM
Quote
so kelan po dapat mag-invest? what if tuloy tuloy gumanda economy natin, so does it mean wala ka na chance mag-invest kasi nga mataas na at may risk kang malugi? or should you wait na bumagsak na naman ang market? kelan pa ulit yun? should you wait for years before you start investing? ano po ba ang indication ng bagsak na market? what's the "value" or "number" if there is such a term.. thanks.

For me, the best time to invest is NOW. THE PRESENT. Hindi importante kung magkano pa yan. Kahit na 1000 monthly top up lang yan sa mutual fund ok pa rin yan - the reason is to build the HABIT. To build this thinking that you can't just entrust your future to chance. Building this habit of investing will build and train your mindset as well to look at the long term. Start slowly, take baby steps. Baby steps are better than nothing.

Once you build that wealth mindset the rest will fall into place, you'll start to practice delay gratification, you'll look more into your budget monthly and consider how to tweak it, you'll thirst for more financial knowledge because you know that you are taking the right direction.

The first step is often the hardest you just need to be consistent. You are already on the right track, that is why you are in this forum. Because all of us here, at one point in our lives took a moment to reflect on our situation and took the hard bitter pill and decided to take action.

So take those baby steps, think long term, build that habit. The rest will fall into place. And 10 years from now, if you do happen to meet someone who is willing but needs a little push - give him that push as well. The ultimate purpose of success to be able to share it with others.

God Bless.
Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: himechan14 on Nov 07, 2014, 10:22 PM
Hi Sir and Mam,

Sorry po I'm not sure if this is the right place to discuss this matter.

I would like to get your opinion if I am doing the right thing in managing my monthly salary.
Naka loan kasi sa banko un house namin so tulong tulong kami sa pagbabayad tapos nag start narin ako sa stocks pero under EIP (Easy Investment Plan) tapos savings ng 2k monthly.

Tingin nyo base sa computations below ng monthly income ko, I will be able to get enough retirement fund? how long should I invest sa EIP or should I start active trading narin sa COL?

or hanap nlng ako mas malaking sweldo...hehehe...

Tithing/Donations                                                   2500.00
House Loan (share ko sa loan ng bahay namin)   5000.00
Emergency Fund (Savings Acct)                           2000.00
Monthly Allowance                                                   4000.00
COL (Colfinancial-EIP)                                           5000.00
Sunlife(Variable Insurance, payable up to 10 yrs)   2000.00
Misc.                                                                   4500.00
                                                                             ___________
Total Monthly Income (net)                         =====    25000.00


I salute you for being faithful in your tithings. Ako, I get frustrated kapag hindi ko nagagawa yun. It's like I'm depriving the creator what is rightfully His to begin with. I don't feel like an efficient steward of His blessings.

I am greatly encouraged to continue with tithing kasi nakikita ko yung result. Halos magfreeze ako sa lamig ng AC tuwing worship service. Hahaha. YUng church also supports scholars and other activities. Yung missions ng church ay left and right. Benevolence funds are there too. May new building na din for training missionaries soon. ^_^

 As much as gusto ko lagi libre, naalala ko yung kwento nung pastor sa church:

"Yung maintenance, upkeep, sahod ng employees and binibigay sa pastors ng church ay hindi libre. Yung aircon po natinatamasa ninyo, hindi lang po Holy Spirit yan. It's electricity na nababayaran dahil sa mga binibigay ninyo. And for that, we are thankful."

Tithing is stated in the bible. And if yung spirituality mo ang top priority mo, then spend accordingly  ^_^

Yun lang, I noticed, medyo maliit nga allocation mo for savings.  Peace   :D


Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: himechan14 on Nov 07, 2014, 10:38 PM
FOr the rest:

I'm really enlightened to see yung advices na binigay ninyo. Some are also applicable for me. Thank you.

Ito yung usual allocation ko ng 'net income' ko and their purpose:

Tithe: 10%   --- para sa church
Savings: 7.5%    ---ito yung binubuild ko na eventually pagkukunan ko ng investments.
Emergency Fund: 7.5% --- in cases of emergency, dito kukuha pambayad. kaya separate siya sa savings
Transition Fund: 5.0%  ---- if right now, employed ka, ito yung pera na gagastusin mo while in between jobs ka. For job hunting season. once mareach na target amount, i-aallocate ko siya sa savings and efunds.
House: 25% --- nakikishare sa bahay. mahal rent sa metro
Internet: 1.25% --- uber need ko kasi online ngmemessage kapatid ko and other relatives. Tsaka pati bank transactions. Haha
Grocery: 7.5% --- toiletries and food. may free food nman sa bahay na included sa bahay kosa payment sa house.
Gifts: 5.0% ---- once in a while, may nagbibirthday. yung matitira, pede mong ipunin para may pambili ng regalo come christmas season  :harhar: at least hindi masyado magrerely sa 13month pay
Daily Allowance: 20% --- pamasahe pangkain sa office. kasama na din dito minsang eat out and leisure.
Travel Savings: 5.0% --- unwind din paminsan minsan. haha
Misc: 6.25 --- dito siguro mag fall under cellphone load ko (150-300/month) tsaka kung ano pa mang gastos na hindi applicable sa mga aforementioned.


>>>>yung half nang natititra sa Misc, Daily Allowance, Grocery and House payments, hinahati ko bet EFunds and savings. Yung the rest, iyon yung cash on hand na pangbuffer sa mga biglaang gastos. Haha


Kelan ko lang din natutunan itong scheme na ito. yung isang co-member sa spiritual group ko ang nagmementor sa'kin.

This is something na best magwork sa mga singles

Wala pong life and health insurance kasi covered lahat  yun sa work. Inaallot ko muna resources ko pang start up para magkapassive income para dun ko kukunin pambayad ko in case lumipat ako and walang coverage sa new work ko in the future.






Title: Re: How to manage Php25,000 Net Monthly Salary
Post by: katkatmachine on Nov 13, 2014, 12:15 PM
halos same kami ng net income ni TS.eto naman breakdown ng sakin:

6,000 - allowance per month (transpo and food)
6,000 - rent and utilities
1,000 - groceries
2,000 - panggala/lamyerda
1,000 - pambayad sa installment sa credit card
1,000 - travel savings
2,000 - mutual fund
7,000 - stocks

nabuild ko na emergency fund ko so hindi na ako ngalalagay dun. :D