INVEST WISELY

Aside from basic living expenses—rent, food, transportation and utilities—there are certain things for which you should definitely set aside money. 

Did you know that saving or spending money for certain things can help you in the future?

Auto Insurance: Protects the plan holder against financial loss in the event of an accident involving the car he/she owns.


Home insurance: Provides coverage against damage and destruction of one’s home.


Health Insurance: Covers the cost of medical treatments.


Life Insurance: Provides financial assistance to one’s family or other beneficiaries and may provide for the plan holder’s burial, funeral and other final expenses.


Education insurance: Finances the child of the plan holder’s education.


Insurance Plans

Unexpected events happen: illness, accidents, natural calamities, among others—and everyone needs to be prepared. However, some may find it difficult to spend money to acquire an insurance plan—but those who do often find themselves thankful! After all, these are lifetime assets. They protect nearly every little thing that counts in a person’s daily living. Consider spending on insurance plans as early as now for your own peace of mind. Depending on where you live, insurance types that may be available include:

Insurance brokers and agents in your community can help you understand what policy might be right for your needs.

Retirement

The earlier you save for your retirement, the better your retirement years will be. You may think that you’re still too young to think about your retirement but it’s never too early to save for your future needs. You should not always expect that your children will sustain your financial needs in your retirement years. By then, they will also have their own families to support.


Emergency Fund

Emergency funds are useful especially when an individual unexpectedly loses his/her (source of) income. Having an emergency fund eliminates anxiety when a need for money comes. The sole purpose of emergency funds is for you to meet your obligations, not your desires. So rather than spending your money on designer clothes and bags, why not try putting the money in your emergency fund instead?


So next time you make a budget, consider these necessities. You will be glad you did when the unexpected occurs.