Sunday, January 27, 2008

Simple Saving Tips

Just last year our office issued a policy requiring all employees of DepED to wear uniforms. Initially, there was resistance and I must admit I am one of them. Before, nobody bothered us with our clothres whenever we come to work and the clothing allowance was never really spent in purchasing office uniforms. As for me, I can't recall if I ever saved them. Maybe I spent them to something else which I can no longer recall.



Before when we were not yet required, we come to the office in formal or semi-formal attire. Everyday, I spent a lot of time thinking what to wear so as to avoid repeating the same dress or style the previous day. As a result, I often buy clothes to replace the frequently used clothes. Instead of saving my clothing allowance, I spent them in buying new clothes.



But now we have uniforms, I no longer worry with what clothes to wear. I am able to save the clothing allowance because, my office uniform still looks new.

My advice is wear your office uniform always.

Monday, January 21, 2008

Mutual Fund


Isang simpleng paraan para makapag invest ay ang mutual fund. Madaling maintindihan ang konsepto ng mutual fund. Mga investments ng indibidwal na investors ay pinagsama sama at pinapahawakan ito sa isang qualipikado at mahusay na fund manager. Ang fund manager ang nagsasagawa ng mga paraan kung saan ilalagay ang mga investment ng mutual fund company.

Kasalukuyan akong investor ng PhilEquity Mutual Fund. Ngayon ay magandang bumili ng mutual fund kasi ang stock market ngayon ay mababa. Siguradong mura din ang value ng PhilEquity ngayon.

Eto ang status ngayon ng psei.






Sunday, January 20, 2008

Simple Investing

I started late in my investing. Although, I'm frugal when I was still young I haven't develop the skills of saving and allocating my money to where it could earn intererst. In fact, I was already 25 years old when I learned about how compounding interest works. From then on, I decided to be really serious in my dream to have financial independence and stability.

Here's my first tip on how to invest without making any effort.

In our office at the Department of Education, I applied as member in the DepED Credit Cooperative. Although, I rarely apply for a loan, I made a special arrangement with them that every payday they take Php 500 from my salary which shall for part of my savings. Simple huh.
At Php 500/month, you have Php 6,000 saving per year without ever making a real effort of saving!