Category: Saving

7 Financial Pitfalls to Avoid When You’re Middle Aged

Middle age can mean different things to different people. To some it comes with greater stability, to others it could involve shifting careers or getting divorced. You may have to start preparing for retirement while still not feeling ready to leave the workforce.

It is a unique phase of life, and you’re somewhere between youth and old age. Middle age can bring some unique financial challenges with it. How well you are prepared for these can put you on the path towards a secure future or complete downfall.

Here are 7 pitfalls people at this stage of life experience and ways to avoid them. Continue reading 7 Financial Pitfalls to Avoid When You’re Middle Aged

A Guide to the 52-Week Challenge to Save Up to P50,000

Taking more than one job is well and good if your goal is to be financially stable in the near future. However, more than working hard, saving hard and spending smart is just as integral in reaching financial freedom.

Aside from working side hustles for extra income, it’s also good to consider keeping a savings resolution instead. By resolving to spend wisely and set money to the side, you can reach your financial goals without having to take extra jobs constantly. Continue reading A Guide to the 52-Week Challenge to Save Up to P50,000

Here’s Why You Should Really Get An Insurance NOW

One of the most compelling stories about life insurance that I’ve heard when I first joined Sun Life in 2017 was that of one of our branch Manager’s first clients way back in 1993.  His first client was in his early 20’s, single, and was his family’s bread winner.  He got life insurance with a coverage of Php 1,000,000 with an annual payment of about Php 10,000 or so, payable every quarter – or about Php 2,500 per quarter. 

After getting insured and paying for the first 2 quarters, he went on an out-of-town beach outing with his friends.  Unfortunately, he accidentally drowned.  That left his family without a breadwinner: his parents don’t have jobs or a business, his younger sister is still finishing accounting studies in college, and they were just renting the house where they were living in at that time. Continue reading Here’s Why You Should Really Get An Insurance NOW