Ipon....Ipon....Ipon....

[Lanchie]

Already revised my Cash Flow program to-date based on my compensation and I find it weird coz' i only have almost 10% free money but still I can managed to spend beyond that 10% without having shortage. 

Either may discrepancy ka, or you're tapping into other "over-budgeted" funds.

[Lanchie]

lol! 86-14 ang gingawa ko for several years na. ang gastos ko is yung 14%. savings na yung  the rest.

Wow! 14% expenses! It's either you have a really high salary/income or sadyang mababa ang upkeep.

[Lanchie]

Someone told me about 70-30 savings tip. Let say you have 100. Keep the 30 pesos of your 100, that's your savings. Always put in mind, kahit sa budgeting mo na 70 lang talaga pera mo. Hindi pwede na budget ka muna, tapos kung magkano lang yung sobra, yun lag savings mo kasi di ka talaga makakaipon nyan. Lagi mo unahin mag keep ng specific amount para savings mo, tapos kung magkano yung sobra, yun ang ibudget mo

I had this scheme when I was living with my parents since everything had it's budget block.

Now I'm living alone, there are certain upkeep expenses you can't discount like rent and bills. Of course, there are workarounds like electricity bill will allow you up to 2 months before they disconnect you, while water bill will allow you only a month before they disconnect...

[Lanchie]

When it comes to savings, common lang ang ginagawa ko: Income - Savings = Expenses.
Tapos meron ako mga Coin Bank and jars para sa savings and expenses ko.
I have Piggy Banks for the following:

1.) For travel - naghuhulog ako ng specific amount and then if in case may outing or trip kami ng mga friends ko, dun ko kinukuha, solely for short distance travel lang like travel within Luzon or Visayas. Dun ko rin kinukuha most ng panggastos ko kapag may hike kami
2.) For my annual savings, bukod siya sa savings ko for a month
3.) bago lang pero for investment, like stock market or mutual fund (I already have mutual fund under my insurance and UITF).
4.) for sharing or goodwill, ito yung ipon ko na isine-share ko for charity or donation,
5.) For savings talaga
6.) Meron akong bago lang din, yung 52 week money challenge
Yung mga inilalagay ko diyan except sa number 6 and number 1 by specific percentage ng sweldo ko per cut off
========
Tapos lagi ako may list ng standard expenses ko every cut off: grocery, bills, tithes, med ni Mama, etc.

Then meron pa akong ibang mga jars na hinuhulugan ko, usually dapat mga pambili ko ng kung anu-ano pero since nga madalas magkaron ng emergency expenses sa bahay, nadudukot ko, pero ang maganda dun, di ko pinoproblema kung san ako kukuha ng pera. hehehe.

What's your insurance? I'm still looking for a short to mid term investement.

[angelo]

^ what kind of insurance are you loking for? what type of investment ang gusto mo? btw, walang investment na short term...

[Lanchie]

I've been looking for an investment vehicle that accumulates at least 10% per annum.

[angelo]

sa ngayon, mukhang ang option mo lang is magpautang ala 5-6.

[Lanchie]

Well, that's already in place.
I was just wondering how I could diversify my investments. Hehehe

[mightee]

sa ngayon, mukhang ang option mo lang is magpautang ala 5-6.

ewan ko bakit sobrang natawa ako dito haha!

[Lanchie]

Well, money lending is a high interest, high risk business.

[angelo]

Well, that's already in place.
I was just wondering how I could diversify my investments. Hehehe

how huge is your investment? how much percent are you willing to spread out of your current?
and what is your risk appetite in general?

[Lanchie]

I have a small manageable fund that I can test out. Of course the fund is not something I'd be needing in the next few years. Just want to check out some investment options.

[angelo]

6 digits?

[Flying Ninja]

Starting my saving plan again

[vortex]

There came a time na umabot na ng 6 digits ipon ko almost 1st quarter pa lang. Kaya lang ipinambili ko ng Computer tapos nagbakasyon si Mama sa Aklan with Boracay package kasama ang pamangkin saka Kuya ko. Wahahaha. Ngayon hirap na ako maka-ipon.