Kapos sa budget? Kulang sa pambayad ng bills? Baon na baon na sa utang?
‘Yung sweldo parang ‘di na sumayad sa kamay?
The financial struggle is real.
Money isn’t everything but it can bring a lot of good things in your life. Kaya mahalaga na alam mo kung paano magkakaroon nito at kung paano rin ito maha-handle ng tama. It helps you achieve goals and provides support for the things that matter to you like family, health care, education and leisure. In a perfect world, hindi mo na sana ito poproblemahin. Pero wala ka naman sa perfect world at kadalasan ay nasa sitwasyon ka na mahirap maging immune sa budget-related worries. The ongoing pandemic also makes it harder to break free from debt and other financial concerns.
So pa’no na? Titiklop ka na lang ba?
As we celebrate Philippine Independence Day on June 12, may this day inspire you para makalaya na sa financial stress and anxiety na dala-dala mo.
How can you truly achieve the freedom to make life decisions without the financial worries? Maybe these game-changing tips can help:
Save and Invest wisely. Unahin ang pag-iipon kaysa sa pag-ADD TO CART ng kung anu-ano. Don’t spend beyond your means, sabi nga nila. Although this doesn’t guarantee financial freedom, makatutulong ang pagsunod sa 20% rule wherein you allocate 80% of your income to expenses and put away 20% for your savings.
Investing is a smart way to grow your money. As you learn how the market works or the ins and outs of the financial world, you can figure out which type of investment strategy works best for you. There may be setbacks but it’s always important to learn from your mistakes. Just remember that true independence comes with careful planning and preparing for risks.
Prepare for emergencies. Karamihan sa mga hindi handa sa financial emergencies ay napipilitang umutang o manghiram. Dahil dito, mas nagiging mahirap ang pagsisimula ulit para makapag-ipon.
Financial emergencies can happen to anyone, that’s why it is essential to build an emergency fund so you can be ready for the unexpected. Save at least three (3) to six (6) times your monthly expenses. This can cover you and your family in case someone gets sick or loses a job.
Use cash when spending. Huwag masanay gumamit ng credit cards or mag-avail ng loans dahil hindi mo namamalayan, halos kalahati ng binabayad mo ay napupunta lang sa interes. If you want to purchase something, just stick to using debit cards or e-wallets.
Plan for your retirement. Laging isama sa pagpaplano ang retirement because that’s only when you can achieve peace of mind when you face your senior years. Hindi mo kailangang umasa sa ibang tao to sustain your needs.
You must focus towards achieving this goal as soon as you start earning. Huwag nang gumawa ng maraming excuses at hintayin pang umabot ka ng 40s or 50s. Mahihirapan ka nang makaipon ng sapat para sa comfortable retirement life na gusto mo. The goal is to have enough financial resources to be able to do what you want in life - go for an early retirement, put up your own business, or travel the world.
Insure to protect. Kasama sa financial planning ang pagkakaroon ng wide-ranging insurance portfolio that can cover you and your family for just about everything.
Life and accident insurance can protect those who rely on you financially.
Health care insurance can guard against the high cost of hospitalization and replace loss of income due to any illness or injury.
Motor insurance can definitely shield you against costly repairs due to car accidents.
You can set yourself free if you’ll #redirect.
Redirect the way you manage your money. Redirect your plans and priorities.
Redirect so you can achieve financial security and protection for you and your loved ones.
Maligayang Araw ng Kalayaan, Pilipinas! Aside from financial freedom, we at Paramount Direct also wish you liberty from other health risks and threats. While reaching independence doesn’t happen overnight, keep in mind that you can get there by taking the right steps. Kaya mo ‘yan, kasama mo kami sa bawat hakbang.