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Showing posts with the label contingency fund

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Sunrise Trail Hike at Masungi Georeserve: An Empowering and Meaningful Birthday Celebration

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Since I was a child, as soon as June approaches, I feel thrilled because it's my birth month. I don't eagerly anticipate gifts, but rather the greetings from family and friends. It brings me joy. I am easily pleased. It doesn't take much to make me happy. Whenever I am asked what I want for my birthday, my usual response is "nothing" or "I don't know; I can't think of anything I want or need." I am not materialistic. I am happy. I am healthy. I am blessed with family and true friends. Feeling ko nasa akin na ang lahat and I prefer inner peace. Fancy that! Haha. I find more joy in giving, whether to family, friends, or even strangers. But this time, I said, "Lord, can I give myself a gift this time?" Since a retreat in Batulao is not possible yet, I scheduled a day for myself for a pampering session at the mall. I want to have a massage, facial, manicure/pedicure. I simply wish to unwind and disconnect from the online world for an entire...

Emergency fund, mahalaga ba talaga?

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  Noong pumasok ang COVID-19 virus sa bansa, karamihan sa mga nagkasakit ay hindi ready sa malaking gastusin dahil walang emergency fund. Ano nga ba ito at bakit importanteng magkaroon ng pondo para dito?  Ang emergency fund ay ang itinabing pera na maaaring gamitin anumang oras na kailanganin ito. Ito ay tinatawag din na “contingency fund” kung saan ang kabuuang halaga ay maaaring pang-tawid gastos ng tatlong buwan hanggang isang taon.  Ayon sa mga financial expert, mahalaga ang may emergency fund para hindi mahirapan kung saan kukuha ng pera pag nagkaroon ng hindi inaasahang pangyayari gaya ng pandemya. Mainam na may naitabing pondo para walang pag-aalala sa gastusin kung mayroon mang magkasakit na isang miyembro ng pamilya, may nawalan ng trabaho, o masalanta ang bahay o tanim dahil sa mga natural disaster tulad ng bagyo, lindol, tagtuyot o pagbaha.   Guide sa pagbuo ng emergency fund Payo ni Albert O. Quiogue, first vice president ng BDO Network Bank (BDONB)...

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