Paano ang pagbudget ng suweldo

Mula sa Rich Juan ang artikulong ito kung paano gamitin at i-budget ang iyong pera o s'weldo.

Kung isang dekada ka ng nagtatrabaho pero kahit limang libo ay wala kang naipon, aba paano na lang ang iyong bukas pati na ng mga taong mahal mo at umaasa sa'yo?

Ito ay isang halimbawa lamang kung paano i-budget ang iyong kita.  Ipagpalagay nating P10,000 kada buwan ang natatanggap mong sahod pagkatapos na ng lahat ng kaltas sa SSS, PhilHealth, Pag-ibig Fund, at iba pa.

1. Pondo para sa oras ng kagipitan o Emergency Fund - 10% = 1,000 (kailangan meron ka nito para hindi ka baon sa utang pagdating ng oras)
2. Monthly expenses - 55% = 5,500 (para sa lahat ng pangangailangan sa bahay at personal na gamit)
3. Retirement - 10% = 1,000 (pwede mo itong ipunin sa bangko o i-invest)
4. Empowerment - 5% = 500
5. Leisure Fund - 5% = 500 (para sa mga biyahe mo o bakasyon)
6. Self-Development Fund - 5% = 500 (mag-attend ng mga seminar na makakatulong kung paano pa maging successful at mabuting tao)
7. Give away - 10% = 1,000 (ang golden rule sa buhay: ipamigay ang mga bagay na gusto mong magkaroon)

Si Bo Sanchez naman may tinatawag na 5W Basket System 

1. Worship Fund (tithes) - 10%
2. Wealth Fund (Long-Term Investments) - 20%
3. Want Fund - 10%
4. Wellness Fund (Short-Term Savings) - 10%
5. Wallet Fund (Regular Expenses) - 50%

Sa Pesos and Sense naman ito ang suhestiyon:

The 70-20-10 rule states that:

-    70% is allocated for living expenses (rent, food, clothing, etc.)

-    20% is allocated for savings (retirement, investment, emergency fund, etc)

-    10% is allocated for debt repayment or fun money or tithes

Hmmmm so ayan ikaw na bahala kung ano ang mas workable sa iyo.

Kung gusto mo naman ng ligtas at walang kaba na investment sa stock market?  Matuto sa mga master.  Sila ang magiging gabay mo kung paano.  Magpamiyembro lamang sa Truly Rich Club ni Bo Sanchez o kaya i-click ang link sa baba. 

Mayamang buhay! ;)

Paano maging member ng Truly Rich Club ni Bo Sanchez Maging Milyonarya sa Stock Market Paano Kumita Habang nasa Bahay

Financial Literacy Quiz

let's have this a little game and see how well are you when it comes to finance terminologies. ;)  just for fun.  I myself scored just 4 but not too bad I would say.  So here try it out yourself. ü

The Quiz included questions such as the following:

1. Which of the following statements about inflation is false ?
a. Higher inflation means higher prices of consumer goods
b. Purchasing power is lower if inflation is high
c. As inflation rises, every peso will buy a fewer amount of goods.
d. None of the above
e. All of the above

2. The formula for a healthy budget should be …
a. Expense + income = Savings
b. Income – savings = Expenses
c. Income – expenses = Savings
d. None of the above

3. If a savings account has an annual interest rate of 2 percent, how much will a P100,000 deposit earn after a year?
a. P2
b. P20
c. P2,000
d. P20,000

4. Which of the following can be considered an asset?
a. Cash
b. Credit
c. Utility bills
d. All of the above
e. None of the above

5. Which of the following can be considered a debt?
a. Insurance
b. Loan
c. Real estate
d. All of the above
e. None of the above

6. Which of the following can be considered an investment?
a. Stocks
b. Taxes
c. Revenue
d. All of the above
e. None of the above

Answers: 1) d; 2) b; 3)c; 4)a; 5)b; and 6)a
(Source: Inquirer.net http://bit.ly/11MP7nk)


Paano maging member ng Truly Rich Club ni Bo Sanchez Be Truly RICH How to EARN by Working @ HOME

How to Budget your Income

i recently downloaded an app called DEM (Daily Expense Manager) in my xperia phone and i'm so religiously updating it everytime i take away money.  It's so nice because it is in pesos and can have lots of categories.  I can easily see which one had the most expense and if i'm going beyond my budget.  When you only have enough to last you until the next payday, better take in charge in how you spend your hard-earned money. ;)  Then i got this in my mailbox a few days back and reminded to continue with what i'm doing.  Happy investing and saving! ☼ 

If you’ve been living from paycheck to paycheck, deep in debt and without a clear financial future – then I suggest you make yourself a grumpy saver now before you turn into a financial disaster in the future.

I hope these simple steps on creating a zero-based budget can help.

ZERO-BASED BUDGET PLANNING SYSTEM
1. Account all your income sources in a month. This is simple if you’re an employee. For entrepreneurs and freelancers, simply take the average of your monthly income for the past 3 to 4 months.

2. Track down all your monthly expenses – include everything – then categorize them into three types:

• Fixed expenses such as rent, mortgage payments, etc.
• Semi-fixed expenses such as electricity and other utility bills which fluctuate very little every month
• Variable expenses such as entertainment spendings and other regular expenses whose amount varies each month

3. Assign the exact amount from your income to fixed expenses first. Next, allocate part of your income to your semi-fixed expenses (try using the highest amount from the past three months). And lastly, budget what’s left of your income to your variable expenses.

4. The key here and what your main focus should be is to make sure that all your monthly expenses are covered by your income.


5. What if my income is not enough to cover all the expenses?

• First, identify which are necessities and let go of the non-essentials
• Then decide on specific things you will do to earn some extra income
• Moreover, find ways to lessen your costs in your necessities, i.e. save on your electric use

6. What if my income is more than enough to cover all the expenses?

• First, congratulate yourself because you’re actually living below your means.
• Then, assign the extra money you have to ‘Savings’ or ‘Investment Budget’
• Lastly, allocate some of it to ‘Luxury Expenses’ (you deserve the reward)

7. Adjust your budget until all your money has been “spent on paper”. Don’t stop until every cent has been assigned – which means your ‘Income’ less your ‘Expenses’ is equal to ‘Zero’ (thus the name of the system).

8. Review your budget status and progress once a week. Constantly work on how you can improve your system until it becomes a habit.

And that’s it – that’s how you do a zero-based budget planning system. It will be difficult at first but it gets easier as months go by, trust me.

Again, the important thing to remember, whether you’re doing the Envelope System, the Zero-Based Budget Planning System, or a combination of both – is to have a healthy mindset about what you’re doing.

Let go of envy and self-pity and have an optimistic attitude – know that someday, with enough patience and persistence, you will become smarter with how you handle your money, you’ll live without financial worries and of course, be happier than you are today.

Full text here of the blog

Paano maging member ng Truly Rich Club ni Bo Sanchez Be Truly RICH How to EARN by Working @ HOME

Ano ka, RICH o WEALTHY?

nawindang do ang beauty pagkabasa ko kara kaina.  aha moment eon man ;)  ag makaron ginadeclare ko:  "wealthy ako bukon it rich." and as i say...so be it. hahahaha cheers to a wealthier tomorrow.  

excerpt from Robert Kiyosaki 's wisdom with a few changes to make it localized:

Why being wealthy is different (and better) than being rich
When I was a young boy, my rich dad told me about the difference between the rich and the wealthy.
“Many people think that being rich and being wealthy are the same thing,” said rich dad. “But there is a difference between the two: The rich have lots of money but the wealthy don’t worry about money.”
What rich dad meant was that while the rich might have lots of money, they also might have lots of expenses that keep them up at night. Or they might have a high paying job but have to get up to work everyday and have fear of getting fired or laid off.
The wealthy, on the other hand, don’t have these worries. Why? What’s the difference?
The definition of wealth
The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living.
For example, if your monthly expenses are Php5,000 and you have Php20,000 in savings, your wealth is approximately four months or 120 days.
Wealth is measured in time, not dollars.

The difference between being rich and being wealthy
In 1989, Kim and I became millionaires, but we weren’t financially free until 1994. This is because there’s a difference between being rich and being wealthy. By 1989, our business was making us a lot of money. We were earning more and working less. We had what most people considered financial success.
Though we were rich, we still were not wealthy; much of our time was spent working to build our business and its systems. Our goal was to build the business to the point that it would cover all our expenses from cash flow each month—without us working. Additionally, we were invested in other assets like real estate and commodities to add to our cash flow.
By 1994, the passive income from our business and assets was greater than our expenses. At that point, we were wealthy, not just rich.

It’s not what you make…
Ultimately, it’s not how much money you make that matters but how much money you keep—and how long that money works for you.
Every day, I meet many people who make a lot of money, but all their money goes out of their expense column. Every time they make a little more money, they go shopping. They often buy a bigger house or a new car, which results in long-term debt and more hard work. Nothing is left to go into the asset column. It’s this kind of behavior that separates the rich from the wealthy.
I like the fine things in life just like everyone else; the difference is that I don’t have to work to purchase them, or go into deep debt. Rather, I spent the time necessary to be smart with my money, work hard, and build a business and investments that provide enough cash flow each month to cover my expenses—including my fun liabilities like cars and houses.
I don’t work for my money. It works for me.
Lots of people can become rich. But only financially intelligent people can become wealthy—and that takes a strong financial education that allows you to build cash-flowing businesses and assets.
The rest is just playing at wealth, and a lot of worry.

Paano maging member ng Truly Rich Club ni Bo Sanchez Be Truly RICH How to EARN by Working @ HOME

Paano gumawa ng account sa CitisecOnline

 step by step tutorial kung paano ko ginawa ang pag sign-up sa CitisecOnline at nag-umpisang bumili ng stocks.  O di ba parang feeling ko alam na alam ko na ngayon ang mundo ng stock market? hahaahahha masaya kaya magfund ng account at bumili ng mga nirirefer na stocks ni Bo Sanchez.  Sa video na ito makikita nyo ang form na ififill up nyo pagkatapos ay ipapadala nyo sa Ortigas, Pasig City kung saan ang main office nila.  Ilalakip nyo ang mga dokumentong kailangan tulad ng valid IDs at kung kailangan kopya ng inyong birth certificate.  

Pagkatapos ma approve ang pinadala nyong filled up form, pwede nyo na ngayon lagyan ng initial deposit na limang libo (5,000.00) piso at mag log-in sa kanilang website.  Pinakita ko rin dito na sa isang taon ko sa Citisec kumita ako ng mahigit sampung libo.  Not bad kasi ang pera ko na ganun kaliit pag dineposito ko sa bangko 100% sigurado ako na hindi tutubo ng ganun kalaki.  

Maliban sa kumita ang maliit kung pera sa CitisecOnline, kumikita din ako bilang affiliate member ng Truly Rich Club ni Bo Sanchez.  You see, tie up silang dalawa.  Hindi ka kikita sa stock market kung wala kang advise galing kay Bo kasi nga wala tayong alam pagdating sa kung paano laruin ang stock market. (talking about newbies sa stock market ha).

so kung gusto mong yumaman 10 years from now umpisahan mo ng magsave para sa future mo. ;)

have a great weekend.

Paano maging member ng Truly Rich Club ni Bo Sanchez
Be Truly RICH
How to EARN by Working @ HOME

to withdraw from other ATM's bank or not...

whoa! this made me think again.  i've been withdrawing like crazy and not thinking hanggang sa nabasa ko itong artikulo ngayon.  napaisip tuloy ako kung kailangan ko ng magbukas ng bagong ATM account sa Citibank.  meron kaya dito sa Bacolod City? hmmmm

Pero amiga/o tandaan palagi ito.  Pinaghirapan natin bawat sentimo ng pera para lang ibayad sa kung di naman kailangan at accessible lang sa atin most of the time.  Baka naman medyo malayo lang ng konti at kailanga ng ilang steps pa bago ang iyong bank ATM machine e hayaan mo na.  Lakarin na lang kung kaya sayang din ang P10 ha. o kaya P15. kalurkey!

The table below summarizes the withdrawal and balance inquiry fees charged by Philippine banks.

Withdrawal and Balance Inquiry Fees of Philippine Banks

	Bank / Card	Withdrawal Fee	Balance Inquiry Fee
1	Allied Bank	P 10.00	P 1.00
2	Asia United Bank (AUB)	P 11.00	P 2.00
3	Banco de Oro (BDO) Cash Card	P 11.00	P 2.00
4	Banco de Oro (BDO) Debit Card	P 11.00	P 2.00
5	Banco de Oro (BDO) Smart Money	P 15.00	P 2.50
6	Bank of Commerce	P 11.00	P 2.00
7	Bank of the Philippine Islands (BPI)	P 15.00	P 1.50
8	BPI Family Savings Bank	P 15.00	P 1.50
9	Chinabank Savings	P 10.00	P 1.00
10	Chinatrust	P 12.00	P 2.00
11	Citibank Philippines	None	None
12	Citibank Savings	None	None
13	Development Bank of the Philippines (DBP)	P 10.00	P 1.00
14	East West Bank	P 10.00	P 1.00
15	Land Bank of the Philippines (Landbank)	P 10.00	P 1.00
16	Malayan Bank	P 12.00	P 1.00
17	Maybank Philippines	P 11.00	P 2.00
18	Metrobank	P 11.00	P 2.00
19	Philippine Bank of Communications (PBComm)	P 10.00	P 1.00
20	Philippine Business Bank	P 11.00	P 1.00
21	Philippine Savings Bank (PSBank)	P 11.00	P 2.00
22	Philippine Veterans Bank	P 10.00	P 2.00
23	Planters Development Bank	P 11.00	P 2.00
24	Rizal Commercial Banking Corp (RCBC)	P 12.00	P 2.00
25	RCBC Savings Bank	P 12.00	P 2.00
26	Robinsons Bank	P 11.00	P 2.00
27	Standard Chartered Bank	P 10.00	P 1.00
28	Sterling Bank	P 10.00	P 1.00
29	Unionbank of the Philippines	P 12.00	P 2.00
30	United Coconut Planters Bank (UCPB)	P 11.00	P 2.00

Sources: Bangko Sentral ng Pilipinas, Bank websites

here's the full link to the article above

Paano maging member ng Truly Rich Club ni Bo Sanchez Be Truly RICH Work from HOME

Paano bumili sa Stock Market

Hola.  i found this blog really helpful especially if first time mo sa stock market at hindi alam kung ano ang gagawin.  nakaharap ka lang sa computer at alien ang lahat para sayo.  haahahahaha ganyang ganyan ako nung first time ko bumili ng stock market hanggang sa nasanay na lang.  it's fun doing it though ;)  click the link and see for yourself.

How to Buy and Sell Stocks


Paano maging member ng Truly Rich Club ni Bo Sanchez Be Truly RICH Work from HOME

Passive Income is SWEET

Hola!  Nagulat ako nung Biyernes pagtsek ko sa aking Banco de Oro account online.  Ang alam ko kasi less than 2k na lang ang laman ng account ko kata dineposito ko ang bahagi ng aking sweldo para madagdagan dahil halos lahat ngayon ginagawa ko ng online ang halos lahat ng bayarin lalo na sa BDO Mastercard ko.  Nung magbabayad na ako ng bills aba biglang more than 10k ang laman!!!!  Naisip ko may anghel ba na nakaalala sa akin na padalhan ako ng pera dahil alam nyang paubos na? ;)  kakatuwa naman.  Pagtsek ko ng aking gmail account, dun ko nakita may Affiliate Income pala ako for the month of March na pumasok.  yehey! more than 3k and not doing anything. O di ba ang sarap ng buhay pag ganito?  hahaahahaha can't seem to stop myself smiling.  Indeed passive income is sweet!  And i really thank Bo Sanchez for making me richer and happier. 

It pays to be a member of the Truly Rich Club.  Ikaw, baka gusto mong magjoin?  Click mo lang ang link sa baba.  Happy Labor Day! ☼

Paano maging member ng Truly Rich Club ni Bo Sanchez Be Truly RICH Work from HOME

Paano maging member ng Truly Rich Club ni Bo Sanchez

Aba ito na ang hinihintay mong mga sagot sa iyong tanong kung paano mag-umpisang yumaman. ;)  Click mo lang ang link na ito at voila! nasa tuwid na daan ka na patungo sa pagyaman. Dali umpisahan mo na ;)

Paano maging member ng Truly Rich Club

Be Truly RICH Work from HOME

How to Save MONEY

New Year na at tiyak ako, dun sa kakabalik lang ng trabaho ay ubos na ang budget bago dumating ang unang sweldo ng 2013 ;( how sad di ba?  kaya ngayong taon isa sa mga new year's resolution ko ay matuto kung paano magsave ng hard earned money.  Tamang-tama lang na nakita ko ang articel na ito kaya isishare ko din sa inyo.  Malay mo makapulot kayo kahit isang tip man lang at ng makasave kahit papaano kesa magising ka na wala pa rin. ;)

Saving money is important. We all know that.  But knowing is not the same as doing.

For some people, saving money is like going on a healthy diet.  You get inspired and start to do it, but after a few weeks, self-pity creeps in and you begin hating it.

If you usually fail at saving money or you think it’s really difficult to do, then here are some money saving tips that could help you.

1) Save first, then spend the rest.
At the instant you receive your income, immediately set aside a portion and put it in your savings account. After that, you can now spend the rest of your salary without guilt. This is what they call paying yourself first, which is easier and more fun to do than scrimping on your expenses so you’ll have money left as your savings until the next pay day comes. Try it, this really works.

2) Make saving money automatic.
How do you make saving automatic? There are several ways. One is to go to the bank that handles your company payroll account and ask if they have an automatic savings plan or if you can have one arranged. What this means is that whenever pay day comes, the bank will automatically deduct a fixed amount from your salary and deposit it to a separate savings account.


3) Make your savings NOT easily accessible.
When your savings account is just one ATM withdrawal away, then you’re more likely to touch it.  Make it inconvenient for you to get cash out of your savings.  Simply having a pure passbook bank account is a good start.  As for me, I have a BDO Optimum Personal Savings Account which only allows you up to three over-the-counter cash withdrawals a month (but unlimited deposit transactions).

The Filipino Paluwagan System provides a similar inaccessibility to your savings.  In fact, many Pinoys have recently started and joined paluwagans to “force” them to save money in light of the recent global financial crisis.


4) Always use cash.
When you always use cash, you’ll be more aware of your budget.  This will help you avoid accumulating debts and encourage you to live within your means.  Simply put, pay yourself first then always use cash.  Do this and you’ll end up with no credit and a savings account that you don’t have to touch to pay your debts.

5) Set a benchmark and a reward for saving money.
They say that you should save money for the “rainy days”.  Personally, I believe that’s a pessimistic (and vague) reason to encourage yourself into saving.  I find myself more motivated into saving money when I set a reward for myself whenever I reach a certain amount.

For example, I allow myself to guiltlessly splurge P2,000 on anything I want whenever I am able to increase my savings by P10,000.  Other times, I reward myself with a fancy dinner in a restaurant after every three No Spending Days.

If you like this article, please subscribe to Ready To Be Rich so you won’t miss the next article here. Thanks.
 Below is a way to earn more and invest your money wisely.  Just click on it.;)

Be Truly RICH Work from HOME

Internship in Virtual Assistant Course

 today is my 2nd day in virtual assistant course internship and i am loving it.  i'm learning new things. ;) i am still in the middle of my tasks so i'm making this quick.  two of the things i learned today:

1. i accidentally closed a tab and was in a middle of doing something on it. SOLUTION: just press ctrl+shift+t
2. to make a backlink in blog commenting this is the code: your keywords here

have fun today ;_)

be financially rich. visit: www.ca2020.net

What will i do with my Php1,000.000.00?

i came across an article today that asked what if someone gives me one million what will i do with it? hmmmm.....interesting question that requires time to think and really think what if....? here are a few i can think of right now:

1. i will invest Php100,000.00 to my Citiseconline account (www.citiseconline.com)
2. i will invest Php500.000.00 to my Create Abundance community businesses (www.ca2020.net)
3. i will put in the Php200,000.00 as deposit for the agriculture land i have been desiring to have
4. i will divide the P100,000.00 as cause donation to AMA volunteer program (http://www.facebook.com/pages/Worcester-MA/Associate-Missionaries-of-the-Assumption/234330867775) and Cataract Foundation Philippines (www.cataractfoundation.page.tl)
5. i will divide Php50,000.00 to my siblings to start up their own small businesses
6. and lastly i will have the P50,000.00 for rest and recreation. First in my list would be to travel the provinces of Samar and Leyte, then visit Camiguin, and trek Mt. Kitanglad in Bukidnon

i can go on and on and on but basically i want my money to grow to be able to help more. ;_) what about you? what will you do with your one million?