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How to manage Php25,000 Net Monthly Salary

untiedescape · 35 · 8345

untiedescape

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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


ferrariEverest

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Reply #1 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.


Rothschild

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Reply #2 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
« Last Edit: Jan 30, 2013, 10:51 AM by Rothschild »


AMARANTH

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Reply #3 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.




« Last Edit: Jan 30, 2013, 03:52 PM by AMARANTH »


smasayuki

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Reply #4 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:
« Last Edit: Jan 30, 2013, 12:35 PM by smasayuki »


freedompinoy

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Reply #5 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 . :-)


george88

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Reply #6 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:
« Last Edit: Jan 30, 2013, 01:07 PM by george88 »


smasayuki

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Reply #7 on: Jan 30, 2013, 01:26 PM
@george88

Ah i see..so malabo nang maging option ko to hehe thanks  :thankyou:


allanmm13

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Reply #8 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


intsik51

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Reply #9 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...


george88

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Reply #10 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
« Last Edit: Jan 30, 2013, 03:57 PM by george88 »


AMARANTH

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Reply #11 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.


george88

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Reply #12 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
« Last Edit: Jan 30, 2013, 05:00 PM by george88 »


rds

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Reply #13 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!


AMARANTH

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Reply #14 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.


 


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