2020 financial goals

[darkjuliet]

^yes to less eating out!
Ang laki ng tipid pag sa house lang kumakain and you cook everything. Yun nga lang sometimes when you factor in the time you allot para mag meal prep and stuff, nakakatamad haha.

[mar2016]

Joining..

1. Bawasan ang utang ko sa parents ko (car loan)
2. Continue paying for hubby and mine's insurance
3. Start savings accounts of our newborn
4. Iset aside ang allowance ng parents ko
5. Avoid installment on CC.. pikit mata muna ang pang sho shopping ng gamit sa bahay. Focus muna on baby..

[serpensortia]

Medyo maliit income ko so sana mapuno ko man lang yung Cebuana MicroSavings account ko 😭 (P50k)

[TMariell9]

MY 2020 FINANCIAL GOALS.

3K/MONTH for my insurance
2k/mon. for my mp2
1k/mon for my emergency fun
600/mon. for my travel fund
3k/mon. for my savings

Plus I also have a coin bank for my 10 pesos coins that I will use for my lasik surgery.

[maricar14]

Goal for 2020

- Open MP2 account (done last month) and top up 20k every month.
- Pay of all credit card debt by March
- Set up retirement account in a High Yield Savings account by February - done
- Buy a lot intended for investing by year end.

[janachen]

Goal for 2020

- Open MP2 account (done last month) and top up 20k every month.
- Pay of all credit card debt by March
- Set up retirement account in a High Yield Savings account by February - done
- Buy a lot intended for investing by year end.

-Goal ko din tong CC na mabayaran ko. I have 46k pa na utang   goal kong bayaran hanggang April or May, nakakalubog talaga to.

[eischied_21]

Goal for 2020

- Open MP2 account (done last month) and top up 20k every month.
- Pay of all credit card debt by March
- Set up retirement account in a High Yield Savings account by February - done
- Buy a lot intended for investing by year end.

Mind to share sis saan yun High Yield Savings Account?

[swtgrl_bee]

Dahil sa Covid-19 parang naglaho lahat ng 2020 financial goals ko  Ang lungkot. Planning to acquire real estate investment this year pero bigla akong natakot maglabas ng pera.

[janachen]

haha same here sis.. tapusin ko na sana ang mga bayarin ko like CC tapos biglang nagka Covid.

[Maia_Cache]

High Yield Savings Account, maybe CIMB? 4% annual sila unlike other banks. I have this through Gcash App.

[schizo_me]

Dahil sa Covid-19 parang naglaho lahat ng 2020 financial goals ko  Ang lungkot. Planning to acquire real estate investment this year pero bigla akong natakot maglabas ng pera.

same. bagsak ang financial market 

[swtgrl_bee]

^True ang sakit eh. 

[PrettyEomma303]

Hi guys! I just saw this thread and I know it might be too late to share, but here goes:

1. increase our family's net worth by 240k by the end of the year
2. get term insurance

We are working with a 5-year financial plan which started in 2019. This works for us as we see a bigger picture of what we want to achieve and motivates us to work harder to reach our goals.

If there was anything that changed in our goals this year, that was to get purely health insurance for critical illness. Although our HMO covers critical illness, it's only good until I'm working for my current company. Aside from that, health insurance might be expensive when I get older if I decide to get it later. Good thing someone helped me realize this early on.

About the market going down, it was really a surprise to us. Good thing we had some extra cash to buy stocks at low prices. 😁

[hetty_01]

^sis, what health insurance did you get?

[PrettyEomma303]

hello! I got fwd's set for health.

[Maia_Cache]

im also looking for a health insurance for now kasi sunlife pa lang ang proposal na meron ako.

[PrettyEomma303]

Hello!

For purely health insurance, maganda yung offer ni FWD na "Set for Health".  You can claim up to 3x ng coverage mo, provided the illnesses are from the different categories that FWD has set.  Aside from that, if the insured dies, makaka-claim pa rin sya nung full coverage nya, kahit na nag-claim na sya before nung 3x.  So ito talaga yung selling point ni FWD para sa akin, kasi sa ibang insurance companies offering health insurance, advance lang ang makukuha ng insured.

[superpinya]

Sisses, ano yung MP2?

[marssie]

Just curious, since this is all about financial goals.. If you have an extra $10,000 in your bank account (dollar account), will you keep it on the bank? Why? And if not, saan siya dapat ilagay/iinvest and why?

[Maia_Cache]

It depends first kung fulfilled na yung mga buckets mo for diversification:
1. Can be your emergency fund - good place is CIMB coz the interest rate is 4%, higher and better than time deposit coz its liquid.
2. Can be for insurance, single pay vul is a good choice you earn plus you are insured
3. Keep it in the dollar account for forex naman if tumaas ang value ng dollar then malaki magagain mo once you convert to peso
4. Investments: stocks, MF, crowdfunding, etc.
5. Business