Savings & Investment Allocation

[marssie]

Hello, i am not sure kung may thread na ba similar to this.  Pashare naman kung saan at kung meron ba kayong detailed allocation ng savings & investment niyo Sa amin kasi ganito sa ngayon:

Source of Income: Combined salaries

Currently we have:
-Life Insurance
-Mutual Fund
-Stocks
-Saving accounts
-Real Estate

Allocation:
1. Emergency Fund - Bank savings c/o Bank No. 1 (planning to move half in MF)
2. Protection/Retirement - Stocks,Sunlife & Prulife Vul, Dividend Fund from Hubby's Company
3. Child Education - Bank savings c/o Bank No. 2, Axa Insurance & Mutual Fund (FAMI)
4. Inheritance - Stocks (we are planning to open an ITF account with COL then at the right age,we'll give it to them na)
5. Travel/Leisures - Bank savings c/o Bank No. 3
6. Financial assistance to relatives - Bank savings c/o Bank No. 4
7. Future House in three years time - Bank savings c/o Bank no. 5 & MF (Philequity soon)
8. Inheritance (when we die) - What ever will be left from all of the above

[leitej]

Interesting thread,  will watch this one. Sakin kasi sis, fresh grad ako at nagsisimulang palang magtrabaho. 1 year palang to be exact. Ang ginagawa ko palang ay Monthly Income - Savings = yun tira, yun ang pinagkkasya ko sa expenses ko. heheh simple pa lang. pag may malaki ng ipon siguro,
saka ako magiinvest.

[aquamomma]

i plan to do this. i just don't know how to start.

[izabelle]

We only have two kinds..

We call it long term and short term fund...

long term fund - big investments, big purchases and for college education.

Short term fund - includes almost everything na pati pre school to HS education ng daughter namin.


40% of our monthly savings goes to Long term while 60% goes to short term since it covers a lot.


We also have two sort of life insurance and investment na din from Sunlife and Pru life. This will cover retirement.

[purplezun]

ok naman yung mga current allocations nyo dapat talaga mag diversify  may long term at short term funds. This is what we do in our family and I want to share the 7 baby steps to personal finance that you can start to your journey to be financially sound.

Baby Step 1: Create an Emergency Fund (with at least 50k-100k)

An emergency fund is for those unexpected events in life that you can’t plan for: the loss of a job, an unexpected pregnancy, a faulty car transmission, and the list goes on and on.

Baby Step 2: Pay Off Debts

List your debts, excluding the house, in order. The smallest balance should be your number one priority. Don’t worry about interest rates unless two debts have similar payoffs. If that’s the case, then list the higher interest rate debt first.

Baby Step 3: Save 3-6 months of household expenses (Liquid in Bank)

Once you complete the first two baby steps, you will have built serious momentum. But don’t start throwing all your “extra” money into investments quite yet. It’s time to build your full emergency fund.

Baby Step 4: Invest 15% of Income to Insurance, MF, or VUL; Stocks (you can diversify as you go along but start to get an insurance for income protection if something happens to you then your family will be secured)

When you reach this step, you’ll have no payments—except the house—and a fully funded emergency fund. Now it’s time to get serious about building wealth.

Baby Step 5: College Funding for Children

By this point, you should have already started Baby Step 4—investing 15% of your income—before saving for college. Whether you are saving for you or your child to go to college, you need to start now.

Baby Step 6: Pay Off Home Early

Now it’s time to begin chunking all of your extra money toward the mortgage. You are getting closer to realizing the dream of a life with no house payments.

Baby Step 7: Build Wealth and Give

It’s time to build wealth and give like never before. Leave an inheritance for future generations, and bless others now with your excess. It's really the only way to live!

~ Resource taken from Dave Ramsey's Baby Steps to Personal Finance

[zee87]

^^^ VERY INFORMATIVE AND HELPFUL!

Will start all those baby steps now..

[purplezun]

Glad to be of help! One more thing please also get an accountability partner when doing the baby steps. Can be anybody that you trust while doing the steps, you will need someone who'll encourage, push and remind you towards the goal. Good luck sis!

Sun Life FA's wife

[zee87]

Thank you po. yung partner po... for example a friend. Does the friend needs to know all the details like how much yung income and the expenses...

[quennna]

will soon open a bank intended for emergency fund and investment...
thanks for sharing your baby steps..

[mebpa]

BPI Bond fund and savings account - emergency fund
BPI Growth fund - not yet decided what for, just letting it grow, if it will. 
BPI PSEi - not yet decided what for, just letting it grow.
BDO fund - EIP, not yet decided what for, just letting it grow.
Security Bank fund - thinking of adding, not yet decided what for, just letting it grow.
Stocks (joint) - Let it sit, additional fund for retirement, plan on adding and when my choice stocks are down.
Stocks (mine) - wanting to trade, doing trial and error, so far hit and miss. will use this to fund my other streams in the future, hopefully. will attend seminar
health insurance (mine and hubby)

[blue_sky]

ako naman, i already have more than 6 months worth of living expenses ko in my emergency fund. so when i receive my salary, 10% - church, 70% - stock market & other investments, 20% - daily expenses...

[quennna]

mag time deposit ako sa coop bank namin soon.. my P100k will earn 3% interest.. wala pang tax... pwede na sisses di ba?