Help: how to start saving and investing

[KITHE ORTIZ]

normally, how much should we save per month in order for us to have a good savings. (say 30% of net salary?)

It depends on your financial goal, and if can you afford to save 30% of your salary, less all your expenses, then that's good for you.

[financialadvisor]

normally, how much should we save per month in order for us to have a good savings. (say 30% of net salary?)

Better do something like this:

Income xxx
Less: Expenses
Rent xxx
Food xxx
Clothing xxx
Entertainment xxx
Utilities xxx
Others xxx
What's left?

Then decide if you're satisfied with the amount left for savings. If not, you can take a look at the expenses and determine which ones you can minimize or let go entirely.

It helps if you know your financial goals (what you want to achieve, the amount you want to have at a certain age, the things you want to buy in the future) so you can properly plan on the right amount of savings that with good rate of return through the right choice of investments can make you achieve your financial goals.

[Saved2K]

this is my situation. im 34 single, income is 15k-16k a month. my monthly expenses are electricity bill which is less than 3k, 1k for my bro's allowance and my allowance na 3k. need advise kung ano dapat ko unahin ibuild-up. emergency fund, insurance or investments.

for Emergency fund ano-ano ang dapat ko isama?

since the day na napanood ko yun pesos and sense sa youtube which is 2days ago. nagstart na agad ako magsave and at the moment may nasave na ako 5K.

tyia

Basta magsave ka lang muna. Importante sa financial management mabuild yung discipline mo. For emergency fund, yung investment mo yun na din yun kasi if you have credit card you can use that muna temporarily to finance your immediate need.

Tapos pag may naipon ka na, you can put your money sa mutual funds like UITF sa mga uni banks, BDO, Metro or BPI, or you can put sa Sun Life or Philam. Basta ang investment horizon mo dito ay 3 years up. Para bumaba man ang market di mo ilalabas at di mag
incur ng loss.

May mga investments na inooffer ang Philam and Sunlife na may insurance component na medyo malaki nga lang ang initial mo. Like yung money tree, mga 125K yata na ngayon ang minimum.

[Saved2K]

graduating po ako at mga around 9k po ang ineexpect ko n magiging sweldo ko pagnagkatrabaho n ako. balak ko po mag invest s mutual fund. 5k s una kong sweldo taz 1k every month n lang. pero gusto ko rin po mag ipon ng emergency fund. ok n po ba yung 1k every month para s emergency fund? savings account po ba sa bangko ang pinakabagay n paglagyan ng emergency fund? kung savings account po ba sa bangko ang pinakabagay san pong bangko maganda, yung medyo mataas taas po sana ang interest pero stable. taz ok n po ba yung 3k n allowace para s personal n gastos ko o masyado maliit yun? taz mga 3k po s boardinghouse at electric bill. yung iba ko pong pera ay balak ko ipang-support ng kauntian sa family ko. thanks

Maganda ang plano mo hijo, you can start investing sa mutual fund ng P5k, ang metrobank I think meron siyang inooffer na short term na UITF mga 7 days lang, sa BDO 30 days minimum term, sa mga Philam at Sunlife mga 6 months to 1 year yata tapos pag nagout ka before that may exit fee, may entry fee din. Timing ang importante dito.

[jm.0022]

i know this may be offtopic pero para sakin, invest also on your health.... regular/annual check up, live healthy, eat healthy, live a stress free life, exercise, enough sleep..invest on medical/health insurance ,just in case wala ka pa..
i realized kasi na kahit gaano pa kalaki ang emergency fund, with the rising cost of healthcare, madaling ma-wipe out ang ipon...
getting sick is inevitable, it will come sooner than later..

^^ you're right bro. invest also in your spiritual life

on topic, medyo nabago ang plano ko. s blue chip n ako mag iinvest. may nabasa kasi ako n ebook ni bo sanchez. 10 to 20 years naman bago ko balak iredeem eh. initial investment ay 5k taz additional n 1k or 2k ay ok n. at the same time ay maggogoal ako n maka 20k n emergency fund. after ko makaipon ng emergency fund tsaka ako magbabalak n mag-invest s mutual fund o uitf. pero d ko gagalawin yung emergency fund para iinvest s mutual fund o uitf, mag iipon ako ng iba para pang invest dun

[rhaps00]

well, in my case. my monthly salary including allowances is 30k. gross yan. and my savings would roughly around 8k.

[Jaypee_03]

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[kimerran]

GOOD NEWS!

Nais mo bang magkaroon ng sariling negosyo?
yung walang amo at ikaw ang nasusunod?
nais mo din bang masiguro ang kinabukasan mo at ng pamilya lalo na ng inyong mga anak?

JOIN US!!!!
www.allianceinmotion.com
AIM GLOBAL
Alliance In Motion Global Inc.

The fastest leading Multi Level Marketing in the Philippines today

WHAT WILL YOU GET?

>> 6,000 PHP worth of products


>>25% LIFETIME DISCOUNT on all products


>>2 - 3,000 PHP worth of Medical CHECK-UP(at affliated health clinics)
WHICH INCLUDES:
*chest x-ray
*complete blood count
*vision screening
*dental screening
*stool exam
*urinalysis
*complete physical exam


>> Life Insurance
-200,000 PHP Personal Accident Insurance
-50,000 PHP Unprovoke murder assult
-10,000 PHP Medical Reinbursement
-10,000 PHP Burial Expense

>>PRIBILELEHIYONG MAKAPAG-OPEN NG BPI BANK ACCOUNT
(ATM CARD) worth 150 - 200 pesos (BDO, RCBC). kung saan idedeposit ang inyong kita on a DAILY basis! walang maintaining balance! (maari ka rin ditong magdeposit nang pansariling savings)


>>Distributor Tracking Center (DTC) - kung saan mamomonitor thru online ang lahat ng transactions worldwide and all you need is computer set and internet access.

>>BUSINESS KIT,kung saan mababasa ang general information patungkol sa mga produkto at negosyo para sa mga presentations.
catalogs
quick guide to being successfull


>>Transferrable Scholarship Program - 25%-100% Schoolarship Program to almost 400 schools nationwide (including INFORMATICS,AMA CLC,INTERFACE,DATAMeX,STI) any 2-3-4-5 years course. No quota required which means once you join you get the entire package di mo kailangan magbenta para makuha ang package. Another thing is no entrance exam required and the maintaining grade is just 75%. No expiration.


You only need 7,890 Pesos.

Be a millionaire and earn up to 24,000 PHP a day!!!!

Securing your future with a stable partner
************************************************** ************************

for more info. on how to earn aside from package mentioned above:
you can reach me at
jaypee_gorgonia@yahoo.com or text me at +639051494265


or message me here.

dahil sa pinag-gagagawa mong posts na parepareho sa threads dito ,
malamang hindi ka makakakuha ng kahit isa sa mga nagbabasa dito.

karmahin ka sana kasi nakaka-asar yung post na hindi naman related sa topics,

[yasmine_billie]

sorry sa pg pg bump ng thread. Just like to ask, kc im planning to invest sa MF ng sunlife, 5k lang kasi un, ask ko lang, panu ba *** right timing? they said kasi na dapat nasa timing ka para sa interest, thanks for any tips.

[dyepoi12]

sorry sa pg pg bump ng thread. Just like to ask, kc im planning to invest sa MF ng sunlife, 5k lang kasi un, ask ko lang, panu ba *** right timing? they said kasi na dapat nasa timing ka para sa interest, thanks for any tips.

any time is a good timing. kahit today pwede ka na magstart, parang piggy bank lang yan araw-araw or buwan-buwan ka mag-i-invest. mas ok kung long term 5 or more years

[sawadatsunayoshi]

I'm 2nd year college student(18y/o).
My allowance a day is P300 a day
in one month makaka P7200 lets say P5000 ang matitira dahil sa expenses (hindi ako masyadong gumagastos unless important)

Sapat na ba na ilagay ko siya sa mga savings accounts ko? Do i need to invest habang nag aaral pa po ako? Please help me. Nag loloading business ako na kumikita ng Php100-200 every P500 load.

[iceejay22]

if i were you palakihin mo muna ipon mo. wag ka muna ma pressure na mag invest since bata ka pa naman. tyaka kung hindi ka pa naman sure kung san mo i-invest pera mo mabuti pang ipunin mo na lang baka mamaya pera na yan maging bato pa. practise-in mo ang pag i-ipon. practise mo ang self control. train mo sarili mo na magwiwithdraw ka lang pag talagang super importante ang paglala anan mo ng money mo. then lets say lumaki na ipon mo edi ipasok mo sa time deposit ang pera mo atleast don kahit papano lalaki pera mo basta make sure nga lang na pipili ka ng trusted na bank. atleast diba confident ka na my ipon ka. pag my kelangan ka sure ka na my magagamit ka at magandang makapag establish ka ng good relationship sa isang bank na trusted kasi malaki din matutulong non sayo in the future.

[sawadatsunayoshi]

thanks po iceejay22

[KITHE ORTIZ]

sorry sa pg pg bump ng thread. Just like to ask, kc im planning to invest sa MF ng sunlife, 5k lang kasi un, ask ko lang, panu ba *** right timing? they said kasi na dapat nasa timing ka para sa interest, thanks for any tips.

Investment is not a matter of timing, it is a matter of time.. Sabi nga nila..

Pero tama yun! Para saan ba yang iinvest mo? Para sa future? Or Gusto mo lang ng malaking kita.. Pwede rin.

Kung ang goal mo ay makaipon ng pera..
HOW MUCH? WHEN DO YOU NEED IT?
WHERE WILL YOU NEED IT?

I suggest mag start ka na. NOW NA!
5 k lang initial investment, 1k lang subsequent investment.

If you need help, email me cristina.ortiz@sunlife.com.ph

[yasmine_billie]

any time is a good timing. kahit today pwede ka na magstart, parang piggy bank lang yan araw-araw or buwan-buwan ka mag-i-invest. mas ok kung long term 5 or more years

Ah ok, sige i'll start na after makuha ang bonus this June or July. thanks

[yasmine_billie]

Investment is not a matter of timing, it is a matter of time.. Sabi nga nila..

Pero tama yun! Para saan ba yang iinvest mo? Para sa future? Or Gusto mo lang ng malaking kita.. Pwede rin.

Kung ang goal mo ay makaipon ng pera..
HOW MUCH? WHEN DO YOU NEED IT?
WHERE WILL YOU NEED IT?

I suggest mag start ka na. NOW NA!
5 k lang initial investment, 1k lang subsequent investment.

If you need help, email me cristina.ortiz@sunlife.com.ph

Thanks sa offer. so pwede pala mgadd ng 1k per month. Gusto ko din sana yung may monthly akong makukuha from interest. Kung pwede yun sa sunlife.

[yasmine_billie]

I'm 2nd year college student(18y/o).
My allowance a day is P300 a day
in one month makaka P7200 lets say P5000 ang matitira dahil sa expenses (hindi ako masyadong gumagastos unless important)

Sapat na ba na ilagay ko siya sa mga savings accounts ko? Do i need to invest habang nag aaral pa po ako? Please help me. Nag loloading business ako na kumikita ng Php100-200 every P500 load.

Ang laki naman ng kita mo sa loading. ako kasi parang 20 pesos lang every 300. So inistop ko na yun. Mind to share anung loading business yan? thanks

[kimerran]

eto po baka makatulong sa inyo

http://moneygizmo.net/how-to-save/

[sawadatsunayoshi]

Ang laki naman ng kita mo sa loading. ako kasi parang 20 pesos lang every 300. So inistop ko na yun. Mind to share anung loading business yan? thanks

Actually networking to... Kpag ng load ksi ng 500 may 9% na kita na agad na isasama sa load bali Php545 na. Minsan kse mga kafamily ko *** nagpapaload kaya nagrerequest ako na magdagdag 1-5 peso para may dagdag kita. Sa school rin may mga nagbibigay ng extra credits kaya ayun nagkakaron ng Php100-200 every Php500 load.

[KITHE ORTIZ]

Thanks sa offer. so pwede pala mgadd ng 1k per month. Gusto ko din sana yung may monthly akong makukuha from interest. Kung pwede yun sa sunlife.

Hi!
Kung gusto mo na may monthly ka makukuha, it's not Mutual Fund you are looking for.
Di kasi ganun sa MF eh, its a long term investment, for medium to long term goal.