Manila Workshops: Managing Family Budget and Income

Managing finances and budgeting my income has always been a struggle for me. I am an impulsive buyer when the mood strikes, especially when I think I have the funds for it. Most of the time, I end up spending way more that the allotted amount. I have always shrugged it off though, thinking that I could make up for it on the next pay day.

However, when I had my son, I realized that I have not really prepared for him financially. I was having the same line of thought – that I can always make up for it on the next pay day. Having a kid – or starting a family even, for that matter – is not a walk in the park. Not financially, anyway. You always need to be prepared.

Most couples and young families nowadays are struggling in managing their finances to the point that it even becomes an issue. Money issues is a very common problem between husband and wife. Reason for this is because, neither are financially equipped in handling finances for the family.

Manila Workshops, in partnership with Best for Families and Insular Life, present Managing Family Income and Budget, a finance workshop for couples who would like to know more about balancing family income and planning for the future. family-budget-poster-copy2-724x1024 Event Details:

Date:    May 30, 2015
Time:    1PM – 5PM
Venue: Best for Families Headquarters, #29 1st Street, New Manila, Quezon City

Learning Fee:

Regular Rate:   Php800
Couple Rate:    Php1200

Please use referral code ZALAMFBI_1 when you register.

About the Speaker:

CELSO CARLOS L. MAGCALAS

  • A graduate of Business and Economics from De La Salle University majors in Marketing and Advertising
  • A recipient of Certificate of Diploma from the University of the Philippines major in Physical Education.
  • Took his MBA at the Philippine School of Business Administration
  • A former faculty member of the Miriam College Foundation in Quezon City
  • In 1997, joined the Couples for Christ Global Mission Foundation as a full-time Pastoral Worker
  • Joined the Insurance and investments industry in 2003
  • Author of the Financial Needs Analysis program used by Insular Life
  • A regular speaker in the Financial Wellness program for the OFWs organized by the OWWA – Overseas Workers Welfare Administration
  • A Registered Financial Planner
  • Regional Head of the Metro North Regional Office of Insular Life

Sign up and register to learn how to handle your finances today.. :)

How To Make Millions In The Stock Market

I have been interested in playing in the stock market for the longest time but for some reason, I could never get the necessary information and the know-how to do it. I started with VULs and mutual funds but somehow, it was not giving me the satisfaction that I was looking for which, I think, only the “big game” would give me. And that is playing in the stock market. Then last month, I got a glimmer of light in still getting a chance to start playing in the big field when I called my Mom last month and she mentioned about a seminar by Bo Sanchez and members of the Truly Rich Club that is being held once a year.

My Mom wanted so much to attend but since the schedule of the seminar coincides with her company’s annual convention, she forward me the email containing the details and encouraged me to attend. I checked the email and tried to register only to find out that the event is full. I thought that was it, one lost opportunity. But a few days after, I received an email stating that they are opening a second session of the seminar on the same day. I immediately registered and paid the fee online. :D

So last Saturday, May 9, I attended the seminar “How To Make Millions In The Stock Market”. It was a 4-hour seminar with three speakers: Bo Sanchez himself; Mayi Lubaton, Financial broker at COL Financial and Edward K. Lee, Chairman and Founder of COL Financial.

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In the span of 4 hours, I have learned a great deal and I would like to share a few with you. :)

From Bo Sanchez:

  • The ultimate purpose of wealth is to love other people.
    • This is akin to the saying, “give a man a fish and you feed him for a day, teach the man to fish and you feed him a lifetime.” We learn how to become wealthy so we can teach others to become wealthy, too. I am really encouraged with Bo’s house helpers as well as his driver. His ultimate goal then was to teach them to invest in the stock market and he is able to help them prosper through investing, he could teach everyone else to do the same. Lo and behold, his 31-year old helper now has about Php 800,000 worth of stocks. Isn’t that amazing? :D I was really inspired by that story, to be honest. I am the same age as his helper and yet I cannot claim that I have the same amount stashed somewhere.
  • 85% lose money in the stock market because they do not know what they are doing
    • It appears that a lot of people are lured to invest in the stock market without really understanding how investing in it works. And with that, instead of earning, they lose the money they invest. Also, most of these people are short term traders, meaning, they want fast return of investment. They sell stocks just because they were told to do so by non-reliable sources or they buy stocks from companies that are not really stable in the market.

Bo shared 4 rules of investing:

Rule 1: Invest small amounts every month for 20 years or more

This small amount is something that you wont use for the next 10-20 years. That would mean that you do not invest your emergency fund. There is a reason why it is called as such. :)

Rule 2: Invest when there’s a crisis

This rule makes the most sense to me when it comes to the stock market. The market crashes, everybody panics, investors immediately sell for fear of losing millions more. But it is true that there is opportunity in the midst of crisis. During a crisis is actually the best time to invest in stocks because the prices drop. For investors, these times are like the “mega midnight sale” of stocks. :D

Rule 3: Invest only in giants

Especially for newbies like me, this is a very important rule to remember. Invest in known companies with good reputation and you will never lose a cent in the long run.

Rule 4: Invest in a lot of giants

Start off with one giant and as you start earning from that one giant, invest in another giant, then another. As they say, never put all your eggs in one basket.

 

One other take away from Bo is this:

  • Earn 100%
  • Give 10%
  • Invest 20%
  • Live on the remaining 70%

 

From Mayi Lubaton: Building Wealth Through Stock Market Investing

Key takeaways:

  • First and best way to start investing is to start saving. Have a reason/s to save and make those reasons personal and specific
    • This one reminded me of The Secret. The Law of Attraction. One thing that stuck to me from that book is to make a visual of what you wanted, imagine it (if it is a car, cut out a photo of the specific car you wanted and imagine yourself driving that very car) and claim it and the universe will find a way to give it to you. Makes sense, right?
  • Your money in the bank is shrinking in value because of inflation.

How do you earn from the stock market?

  • price appreciation
    • as the value of the company increases, the price of the stocks increases as well
  • dividends cash/stock
    • profits distributed by the company to its shareholders

5 Rules to remember when investing:

  • Invest small and slowly.
    • As mentioned above, do not put all your eggs in one basket. Start small in one big giant first. Then after a given time, buy additional shares from that giant.
  • Buy at below prices
    • I am not sure how to get this information if you do not have a broker but it seems that there is such a thing as below price. This pertains to the current price of a stock lot against a pegged price of stock lot. If the current price is lower than the pegged price, then buy the stocks if you have the funds.
  • Stop buying when the prices are above the buy below prices
  • Wait for the stock price to reach the target price. This would pertain to the highest peak price of the stocks. When the stocks reach this level, you may start to sell or wait for further advice from your broker.
  • Re-invest

From Edward K. Lee: Effective Formula for Financial Literacy

Key takeaway from Mr. Lee:

  • Do not plan for your children; plan for yourself. Instead, teach them financial literacy
    • This is for the reason that our children would eventually want different things from what we wanted for them. Encourage them to plan for their own future instead. And in order to help them achieve those plans, we need to teach them to be financially literate.

3 Basic Laws of Money

  1. Save 10-20% of your income.
  2. Invest it.
  3. Reinvest the dividends

One quote that I got from one of Mr. Lee’s slides:

“You should, at minimum, expect stocks to fall at least 10% once a year, 20% once every few years, 30% or more once or twice a decade, and 50% or more once or twice during your lifetime.”

– Motley Fool

There will and it is expected to have certain drops in the stock market but these market crashes are needed to have a higher return. As what one of the slides presented (well, several of them), every time that the stock market hits lowest points, once it bounces back, the trend becomes higher than the peak before it crashed. It only means that with every crash, the market comes back stronger.

 

These are only a few of the things that I have learned during the seminar. The rest I was not able to write down but I have retained it in my head. As what they keep on saying during the seminar, this is the best time to invest. And so I have signed up. Let’s start investing and start earning millions now! :D

 

 

 

 

The Nivea Stock Pile

*Disclaimer: this is an unsponsored post.

I do use Nivea products every now and then. I actually like the brand especially their moisturizing cream and their lip balms. (I’m a sucker for lip balms but I don’t care much about lipsticks).

Nivea had a big sale from May 1 and will end tomorrow (technically today on this side of the world), May 9. I didn’t have plans of purchasing any until my sister texted me if I could buy her lip balms.

My facebook newsfeed was filled with photos of “hoarded” Nivea products and I thought maybe I should buy a few more for the stock pile since 50% discount is already a great steal.

Unfortunately, all the stores I went to already ran out of stocks on their soaps. The plan was only to get lip balms for my Mom and sister but then I got excited with the other items I’ve found. :mrgreen:

Here are my loots:

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For Mom and sis 😁

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For little big bro 😁

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For little Z 😁

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Got a few items for me too 😁

Got 'em all for half the price 😀

Got ’em all for half the price 😀

I was planning to buy their sunscreen lotions for the family including little Z but when I checked the ingredients, it contains parabens. So I opted not to and only chose those that are without it. Oh well.

Suffice it to say that I just spent my allowance for this. :mrgreen: Hopefully other brands will go on big sale like this, too.

I think I will add “hoarding budget” to my budget plan for big sale such as this. :mrgreen: They say this is an annual sale from Nivea. I should prepare for next year then as early as now. :mrgreen:

Letting Go and Moving On…

LOL! It’s the first thing that came to mind, that title. Haha!

So I am now typing this post while sitting on my new second-hand sofa bed that I bought from my cousin (still haven’t paid it though :D ). I am not yet done with all the unpacking, because until now, I am in awe at how much stuff I have accumulated over the years. I forgot to take a photo of all my stuff stashed inside the truck before they closed it but to say that it was full was not an understatement. I used to live in a very tiny apartment and yet all my stuff filled up the entire truck!

Last May 1, Labor Day in this side of the world, was not necessarily a holiday for me. It was a day of manual labor to say the least. It was the day that I moved out of the tiny apartment that I called home for the last five years and moved in to the new residence. I got up at 6AM (after only 2hours of sleep) and started bringing the light weight stuff from the 5th floor down to the ground floor (take note, there’s no elevators in my old apartment building). I think I went back and forth four times. My knees were shaking from the descent and the climb and I was just so grateful when the movers arrived at around quarter to 9 in the morning. There were two men and a driver who helped carried all my things down to the ground floor. My friend also came to help monitor the move.

By 10:30AM, the old apartment was empty. I turned over the keys to the building guard then made one last look before closing the door of unit 512. It was a bittersweet moment. It was time to let go and move on, so to speak. :P

the empty bedroom

the empty bedroom

the empty living room

the empty living room

empty laundry area

empty laundry area

goodbye, 512...

goodbye, 512…

I gave the building guard a goodbye wave, climbed the truck then off we went to the new site just less than 5 minutes away. LOL! We were able to bring all my things inside the new place within almost an hour. Thank God for elevators! Hahaha!

This new area is actually not so new to me. I used to live somewhere nearby before I moved several years ago. Now, I am back but a lot of things have already changed. I rarely pass by this area so I really didn’t know what happened after I left. So I am once again trying to familiarize myself with my surroundings.

Anyway, after the movers left, my friend and I took a quick lunch before she went home. I came back and started with the inspection before I started unpacking. I was targeting to finish unpacking by midnight but my OC mode kicked in to high gear.

Let me backtrack here a moment. Before I signed the lease contract for this place, I have already requested the unit owner to make some repairs and clean up of the place before I move in. The unit owner agreed. However, I was dismayed to have found the toilet bowl unflushed and reeking of pee. Yuck! The floors were not even mopped and the kitchen counter was not cleaned as well as the cabinets.

So instead of going back to the unit owner to complain (for fear of getting kicked out before I have even lived here), my OC mode kicked in to high gear and I started cleaning. First box to be opened was the cleaning materials. Good thing I have thought to boxing all those items together as it made it easier for me to find what I needed.

Wooden floors are great. I love wood floors. But when it is light colored and hasn’t been cleaned, it looks ugly. I was planning on sweeping the floor and mopping it before setting up the furniture as I go along however, the dirt could not be removed by just merely wiping it with a damp cloth. I had to scrub it with soapy water and wipe it clean. I was only able to finish about a third of the living room before I decided to start with the bedroom floor.

Coming from a mere 20-square meter (more or less) apartment, this place is HUGE! Floor area is about 46-square meters and having only myself to do all the cleaning and unpacking, my target completion time was not realistic. At the end of the day, this was the only thing that I have been able to do (plus partial clean up of the bedroom so I could set up the bed for the night).

my "new" living room

my “new” living room

By the end of the day, my body was sore from all the scrubbing, unpacking and moving of stuff to have some sort of semblance in my new residence. But the fact that I was able to do a lot of things within the day with only two hours of sleep, I could say that I had accomplished a lot. I was able to scrub half of the living room floor and the bedroom, mopped the kitchen floor, scrubbed the kitchen counter, install the bed frame and partially cleaned the bathroom. And I did it all by myself! :D

Like I said, I am not yet done with the unpacking. My floors have already been scrubbed with soap, wiped with floor cleaner, waxed and applied candle wax prior to scrubbing, bathroom is already clean and smelling fresh (but I still have to call maintenance to fix the flush), one of the kitchen cabinets now houses the big dish rack and my pots and pans. Well, the bedroom is still a mess because there’s no built-in closet and I am still looking for a cheap and durable closet that I could purchase. I still have to figure out where to place all my other things that are still inside the boxes and I still have to clean up the laundry area, too. Hopefully by next week, everything will be in their rightful places. :D

One week of living here has not been so bad. Except for the fact that I’ve got this huge place and when I come home, nobody else is here to greet me. *sigh* I am still in the adjustment phase I guess. Maybe after all the cleaning and unpacking and I get my internet connection back and have cable connected as well, I think I will be able to easily settle in. :P

Okay, I am starting to get emotional so let me end this here for now. I will post a few photos soon, too. :D

The Last Day….

Today marks the end of my 5 year stay in this residence. As mentioned before, this tiny, shoebox-sized but quite became a cozy place has been home for the last 5 years. Quite a lot of memories I have here, too. Oh well.

Yeah, I am quite sentimental now. I mean, what is 5 years, right? Well, for me, 5 years is a long time. So there. It’s the longest time that I’ve stayed in one place in the big metro. I usually stay for 2 years at the maximum, you know.

All things are packed and ready to go except the bed because I am still trying to figure out how to disassemble the frame without tools. Well, I got tools but it’s already packed in one of the boxes somewhere. Go figure. LOL!

So, this is it. The final day, the final night. Tomorrow morning will be move out day and in the afternoon, I will be busy fixing up my things in the new residence.

New memories to be made and whatever. So, well, for now, cheers to the last night!

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I sure will blog about the move once I am settled in the new place.

Prepping for the New Residence… Pt. 2

I have been quite busy with the preparation for my move to my new residence. I just signed the contract with the unit owner’s representative last Friday (the unit owner is overseas so he assigned his brother as a representative). The down payment (1 month advance, 2 months deposit) plus the 11 post-dated checks’ total almost stopped my heart. Geez! It can already be a down payment for my own condominium unit! I know, I know. I should have just gotten my own. But it is not that easy. I really don’t have the funds (and I mean cold cash) for an outright down payment for a ready-for-occupancy condominium unit. So there. I will be spending my hard earned cash to pay rent for another year or so. More on the moving forward plans soon.

Since the other week, I have been going through my stuff – sorting, cleaning, washing – while I pack them according to categories. Well, I tried my best to categorize them by the area they belong to. Anyway, I found a lot of stuff that are from almost 10 years ago! Haha! Talk about being a hoarder. I was not able to take a photo of some of those stuff that I found except for one:

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This is a blast from the past. LOL! And there’s a story behind this as well. When my friends and I moved in to my third residence in the big metro years ago, we decided to buy an autograph book (an impulse buy) and let all the visitors sign. We’ve added a question at the end as well (and it is not something that I am going to divulge here :D ). This carried on until the next apartment we lived in before we went on our separate ways, so to speak. I actually forgot all about this until I started sorting through all my things. :D I don’t have the heart to throw it away but this is not something that should be displayed in plain view for anyone to see and read. LOL!

Going through all my things is a tedious task to do, I tell ya. When I moved in to this apartment almost 6 years ago, all my things fit in one jeepney. There was even space for about 3-4 persons at the back. That was how little I had during those times. Now, as I look around all my boxed things, I am still wondering how I accumulated all these things. And to think that I have already thrown out about 6 large bags of garbage plus about 4 small ones the week before last. :P

My tiny crib now looks like a storm has just passed. Let me just show you a few photos of how the packing went for the last two weeks.

April 16 - packing the clothes seem like the best thing to do first...

April 16 – packing the clothes seem like the best thing to do first…

April 18... not much done...

April 18… not much done…

April 19... chaos started...

April 19… chaos started…

Aprill 26 - Saturday afternoon's work

Aprill 26 – Saturday afternoon’s work

April 26 - working into the night...

April 26 – working into the night…

April 27

April 27

So, I only have my bed to disassemble and pack. I think I will do that the night before I move out. And just a few things that I need to stash into the open bags.

Earlier today, I went to my current building administrator’s office to secure a gate pass for my move out date. I have also asked for a computation of my running bill until I move out. Good thing is they can deduct the bill from my deposit. At least I don’t have to pay for that. I will just have to wait for the reimbursement. I am crossing my fingers that I will still get something out from it.

After I got my gate pass, I went to the new building’s administration office to fill out the paper works. Unfortunately, I didn’t have the required documents to submit so they can schedule me for their house rules and regulations orientation (yes, they have an orientation session for that, apparently). Since May 1 is a holiday, they will be closed and I need to submit those requirements tomorrow the latest so I can be oriented and therefore move in on May 1. Thank God for technology, I got the photos of the IDs needed via Facebook and email and the contract will be sent via email as well. Else, I need to find a place to stash my things before I can move in. The administrator was kind enough to tell me that as soon as I can submit the required documents, they can already orient me. I now have the copies of the IDs needed and I am just waiting for the scanned copy of the signed contract.

I was also able to contact a trucking service for my move. Yes, I am renting a truck because all my stuff will not fit in a jeepney anymore. Though they are already booked for the schedule that I wanted, they gave me 2 options: 7AM-10AM or 2PM onwards. I wanted a 10AM schedule since that will not be too early or too late. But since they are already booked for that time, I might have to go with the 7AM schedule because I would like to have majority of my things fixed and in place in the new apartment before the end of the day. Yeah, I think I will have to go for the 7AM then. Well, good luck with that.

Am I excited to move? Yes, I am. As much as I am saddened to suddenly leave this tiny, cozy apartment I have called home for the past 5+ years, I am excited to move to a new place. Although I am hoping that the new place will be the last rental I will have. And besides, I just want to chill and relax once I get home from work. Not stare at all my things and think of ways how to box them up. :D

So, in the next few days, I will be busy with the move. I’ll keep you guys posted. Once I find the time. :)

 

 

 

Babypalooza 2015

FlyerApr2015 Babypalooza Bazaar is back! :) For first-time parents looking for cool, unique baby clothes that is affordable; aunties and uncles as well as godparents looking for something to give to nephews, nieces and godkids, this event is for you. Babypalooza offers brand new and pre-loved products for babies, young kids and for pregnant moms, too. Babypalooza bazaar philippines (1)babypalooza bazaar preloved baby stuff philippines This April 25, head on over to Walter Hogan Conference Center, Ateneo de Manila, Quezon City between 10AM to 7PM and enjoy a comfortable shopping experience at an air-conditioned selling hall. You may bring your kids as there is the Vivre Fort play area provided for them (in case they get bored roaming around) and an area for breastfeeding, diaper changing and other baby-related what-nots is provided. This makes shopping experience more convenient for the whole family. You may pre-register for the event here. Babypalooza Bazaar kids Entrance is FREE and while supplies last, you may look forward to freebies from the sponsors: Huggies diapers, Shinagawa products, Lactacyd and Guard Insect Repellant.

And that’s not all. You can also get a chance to win a prize from the Rewards Corner for a minimum total spend of Php1,000.00. :D

Complete Event details:

Babypalooza Bazaar

Date: April 25, 2015
Time: 10 am to 7 pm
Place: Walter Hogan Conference Center, Ateneo de Manila University, QC (see here for directions)Free entrance and parking

Sign up for the Mommy Minder service and a message will be sent to you via SMS and/or email to remind you of the event. :)

Follow Babypalooza Bazaar on Facebook to join giveaways and see event updates.

For inquiries:

Mobile Number: 0917 609 14 72 / 0917 814 8447
Email Address: babypalooza.info@gmail.com

See you there! :)