I'm single. Some of my savings:My Retirement Fund
- PRU Life investment/insurance but I have it on 80% investment, 20% insurance para I still have a bit of coverage pero my money can grow. I pay a premium of 38,400 annually for this, and get a self-calculated and self-projected 6-8 Million
in 10 years. This is for when I grow old and I will have money for myself and not be a burden to my dependents
kawawa na man magkaanak ako and my children cannot live their dreams because they will be giving money to me all the time.Pending My Equity Investment
- High risk, yes, but willing to play the field naman because I have some money coming, esp. monthly/yearly bonuses. Planning stages pa because I want to really understand how Equity works. Looking into BPI Equity because BPI is near my home. My goal with this is to buy a small lot to make a little house-farm with organic veggies and free-range chickens. My Emergency Fund
- I have stashed about 3 months worth of salary in a Time Deposit with a 3-month rollover. It is low, since it's just 2.75% per annum. But I'd rather have this here than anywhere
I feel safe when I know I have it. It's not very big, but I am still building it and I have steady work naman in an office.My 'Cushion' Fund
- My most easily accessible money, has just 10k, but it deflects me from having to tap to my Emergency Funds, which is supposed to be hands-off unless things get very dire or I am drowing in debt which I am not.My Opportunity/Travel Fund
- Self explanatory.
Well, that's just it. Sorry for posting too long. There are many levels of savings, because there are many things I want to do and ensure in the long run!