money talks Archives - Page 8 of 23

Money Matters: Focusing on Finances

February 14, 2018 7 Comments

Starting a family is a grand adventure. As you move from a single individual to part of a married couple and on to a part of a family, there are a lot of things to consider. Your finances change drastically at every stage of life. There are things you can do to help you prepare.

No matter the stage of life, you should always be budgeting. This simply lets you know how much you make, how much you spend, and what you spend it on.

Better Financial Choices

Financial management is the process of wisely budgeting, spending, saving, and investing your earnings. It is important to get on the same page about money when you are in a relationship. Couples that are in open communication money, avoid debt, and don’t spend more than they earn tend to have better relationships.

Identify your habits and attitudes around money.
Make a budget and live within your means.
Avoid debt and use good judgment when it comes managing loans.
Open a checking and savings account.
Build an emergency fund.
Set goals and have those difficult discussions around money.

Steps For Success

Getting on solid financial ground takes time and requires that you be intentional about your money. Here are some baby steps you can start taking.

Announcement, giveaway alert

Giveaway Alert: Achieve Your Bucket List + Win Prizes!

September 4, 2017 No Comments

Start Living Life to the Fullest!

What’s on your bucket list? Learn how to drive on the left side of the road; finish Anna Karenina, so you can stop lying about liking it; travel the Silk Road; take a sabbatical from work to volunteer in socio-civic organization; make something with your hands, a guitar composition a la Taylor Swift perhaps? No item is too simple or too trivial.

But while there is no race nor there is a competition, it’s something that’s there at the back of our heads, egging us to take action. So why wait when you can do it now!

FWD Life Philippines launches the “Lifetime of Possibilities” campaign that encourages people—you—to just seize the moment, to say yes to every adventure, with nary a worry or fear, and to stop thinking and just start doing. No more excuses. No more reasons. No more complaining that you don’t have the time, no money, no opportunity. All you really need to do really is to start—save up for that dream trip, join a writing class, learn to play the guitar. It doesn’t matter if you achieve it in one go or one step at a time. What’s important is you have taken the step to making things happen.

And to reward people who are already embracing life’s possibilities and checking items off in their bucket lists, FWD Life Philippines is giving away, on Instagram, free trips, airline tickets, and bucket list gear, every month, from August 23 to December. There will be 10 winners every month and one winner of a trip to a mystery destination at the end of the year, to be chosen from all entries.

To join the Lifetime of Possibilities IG contest, just post a picture or a video of you achieving a bucket list, follow FWD Life Insurance Philippines {@fwdlife_ph} on Instagram; include #FWDBucketListMoment #FWDLifetimeofPossibilities, and tag three friends.

Parenting 101, Tips and Tricks

Money Matters: 5 Ways To Secure Your Child’s Future

July 5, 2017 3 Comments

One of our main goals as mums is to secure our little ones’ futures and to make them financially-stable and capable to live independently and raise their own families when it is their time. It might be easier for those who are earning a lot to save up and set aside a substantial amount for their child to inherit or get when they turn 18, it is no easy fit for an ordinary employee just trying to make ends meet from paycheck to paycheck, but it should not stop you from aiming for a more secure and a brighter future for your children.

The good news is we now live in a financially-exciting time where people openly talk about money and how to grow them. The world wide web is also a treasure trove of tips and tricks on how you can make your money grow and, hopefully, save enough for you child’s future.

Here are a few ways on how parents can secure their children’s future:

Open A Savings Account

Cliche as it may sound, putting up a savings account for your child is still the easiest way to go about building that fund for your little one’s future. Setting aside a small amount each payday and doing so regularly will prove to be effective in growing this savings. If you can afford to set aside a bigger amount of money, you might also want to consider opening up a time deposit account that is expected to yield a bigger interest over a longer period of time. Of course, since you cannot just withdraw this amount at will, make sure to set aside an amount you are sure not to spend or use for something in the imminent future.

Invest In Mutual Funds

As any financial expert would advise, it is best practice to not put your eggs in one basket. As you aim to grow your money, you might as well consider investing in mutual funds. This type of investment is especially suited for those who have limited knowledge about the stocks market as mutual funds professionally managed. It is also a low-risk investment, ideal for those who are just testing the waters and looking for the best ways to grow their money and invest for their future.

Update Your Social Security Contributions and Loans

Social security is but another way for parents to secure not only their retirement but also their children’s future. With an updated social security profile, you are guaranteed to receive a certain amount as monthly pension during retirement years, allowing you to be financially independent and not relying on your child to shoulder your hospital bills or your daily expenses. You will also receive benefits in case of injuries or accidents, thereby allowing you to still provide for your children’s needs while you are recuperating or indisposed. You may want to visit www.summitdisabilitylawgroup.com, if you need help in claiming disability benefits.