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How to manage Php25,000 Net Monthly Salary

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Gloria564

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Reply #30 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...


creativehaven

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Reply #31 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.


himechan14

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Reply #32 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




himechan14

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Reply #33 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.






« Last Edit: Nov 07, 2014, 10:41 PM by himechan14 »


katkatmachine

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Reply #34 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


 


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