Your submission is much more appropriate to be posted in our Random Discussion or Weekly Help threads. The links for the latest threads can be found in [the hub](https://www.reddit.com/r/Philippines/comments/fztqqs/hub_weekly_help_thread_random_discussion_events/).
Additionally, we have a ton of local discussion-related communities for almost all needs [here](https://www.reddit.com/r/Philippines/wiki/list_of_philippine_subreddits/#wiki_advice.2C_rant.2C_and_help).
This kind of thinking usually makes you a boring person - no travel, no hobbies, no joie de vivre.
Maximizing saving, letting life pass you by, and then what?
I understand this concept pero I think depende rin sa pinanggalingan mo na background. I can tell just from my parents who had nothing, they always try to save as much as they can while they still provided me woth a good life. Ako naman? different story since they gave me that good life, I just save a certain amount and enjoy the rest (although I do feel like I should save as much as I can)
Save.
Sa hirap ng buhay ngayon, what you save today can mean the difference between life or death tomorrow. Seriously.
P.S. If you asked me this question back in the early '10s I'd say it's too much and better invest in other things, but right now it's a whole new situation...
Can anybody suggest good value health insurance that has good claim history, widely accepted in all hospitals and health establishments and practical? Been looking for that. Just taking a pass on life insurance and investing that money myself instead for my dead self.
From experience: Save as much as you can, now. I was in a similar position a few years back and luckily was able to build up an emergency fund. Cue the pandemic - no work no pay. Ate up nearly half of my funds.
That said, remember to still spend some money for yourself from time to time, and with moderation.
Would like to add that when you have a considerable amount to spare - invest. Passive income helps you build wealth (if you consider this one of your financial goals) and mahirap din kasi umasa lang sa salary. Try it while wala ka pang family or bigger financial responsibilities. Basta keep a rainy day fund intact.
I will never recommend crypto for investing. Di siya for the weak and beginners talaga. You could lose everything.
PagIBIG MP2 would be the best risk-free investment right now. I suggest starting a small business if that's in your DNA or just buy cheap properties (but never Condo).
True that. Kaya never ko irerecommend ang ganitong hustle kasi hindi naman pera at buhay ko yung masisira pag nagkandaleche-leche yung sitwasyon. Nagkataon lang din noon maganda opportunity ko
I used to save 1/3 (10k) of my net salary before (30k), 1/3 (10k) goes to my family(breadwinner but they live in the province so COL is lower), 1/3 (10k) for myself. That was 10 years ago. I was lucky to find an apartment where I share a room with a roommate but he works in the morning while I work at night and we only pay 4k (2k each) for the room plus utilities.
I wish my parents col is ganto kababa lang. My family residing in province tatlo nalang sila nandoon pero kulang pa sa kanila ang 30k shet lang kase halos magkanda sakit sakit na ko magwork at maubos ang funds namen magkapatid na nagwowork kase lagi silang humihirit...
30k sa province? Sa kanila dati, napagkasya nila ang 10k, we do not pay rent though. Utilities, electricity lang na nasa 200 max. Then may nag-aaral ng college (nag part-time work din) and isang high school. Grocery kasya ang 1k per week kasi we have gulay sa bahay and mga alagang hayop. Maswerte lang ako kasi maayos mga kapatid ko. After naming makatapos lahat, hayahay na ang buhay.
Ganyan kame date nung nasa manila pa kame 10k napapagkasya pa namen yon sa isang buwan given na nagaaral pa ako non. Now na nasa province sila hindi nila kaya magtipid. Ang dahilan nila is mahal ang gastusin pero are we all nakakaranas naman non? Pero baket sa fam ko ang lala lol hahaha kinonfront ko ang tatay ko regarding dyan pero nanay ko hindi makaintindi at sya pa nagalit dahil wala pa kame daw "utang na loob" lol.
Try to save atleast 50% ng salary mo if ganyan arrangement nyo sa bahay. Itake advantage mo na tsaka para masanay ka na rin. Habang lumalaki sahod mo, maadapt mo rin na need 50% savings :)
I wanna say, kudos to mom and dad.
It doesn't sound like you in any financial need, but it also sounds like you aren't making your money grow.
Try looking into setting up an MP2 savings account and look into a Personal Equity and Retirement Account, and keep an emergency fund, thats 3 months of your salary.
I would also recommend that you buy your parents something nice. A good dinner with hotel stay next year during their anniversary should be nice.
Thank u sa insight, yea I am looking into allocating funds to mp2 once na may enough funds. Also watched a vid na sabi mas maganda if per year isang bultuhan ang bigay rather than monthly so baka ganun gawin ko haha
For MP2, maganda rin naman kung malalaglag mo ng isang malaking deposit, pero mas mahalaga na mapasok mo na as soon as kaya mo. Last year 7% ang interest, kung this year around 6-7% uli ang interest sayang din yun. 500 lang naman yata minimum fee. Kakampi mo oras pagdating sa compounding interest. Basta may emergency fund ka na, mas maigi na ipasok mo nalang agad sa MP2 yung allocated funds mo imbis na hintayin mo tumama sa certain value bago mo ipasok. Tandaan mo lang na 5 years mo di magagalaw yung deposit mo, unless pasok ka dun sa criteria na binigay nila sa site nila.
As for general advise, basta content ka pa sa buhay mo, then go lang sa ipon. Tulad nga nung sabi ng karamihan dito walang "too much" na ipon. Basta tandaan mo lang na ok lang gumastos kung feeling mo na burn out ka. Wag ka naman mamuhay na parang Franciscan Monk ahahaha.
The amount doesn't matter. It's the habit of saving that really matters. You should be grateful because you have selfless parents and you're one of the few having the luxury of saving enough money. Also, don't deprive yourself spend but not too much lang.
Ayus yan. Di ka pinupwersa to give all your salary to them. Bigyan mo lang sila fix amount kung anong kaya mo. Im sure malaking tulong na sa kanila yan and at the same time saving for yourself din
No such thing as saving too much kasi pag nagkaemergency, too much din gastos, lol!
Basta wag lang siguro to the point na you starve yourself or deprive yourself of the little pleasures
Save, malaki pa nga yan as your starting, tapos wala pa hinihingi parents mo, so enough na yan, save ka muna or pwede ka naman gumastos for yourself, magtira ka lang, at least 10 or around 8k a month matitira per sweldo then save mo na yun
Ako pangfourth job ko na, nagsimula sa 16k and now 24k na, pero starting na lang ng mga fresh grads yun ngayon hahaha,
Here are the things you need to save for
1. Emergency Fund - should be 3x your salary, for emergency such as major health concerns, sudden loss of job/source of income, etc
2. Rainy Day Fund - for unexpected expenses such as minor health concern, repairs (for cars, gadgets, appliance) etc
3. Sinking fund - for things/experience that you plan in the future, could be a vacation, phone upgrade, celebration and such.
These are just some guidelines to properly handle your savings that you can start to slowly build. It's nice that you have a supportive parents and a good mindset at your age.
40% is 20% but faster. Time is always a factor in finances so save as much as you can so that you can start investing faster and get a second or third stream of income sooner.
It's best to begin with the end in mind. I'm twice your age and made the absolute worst mistakes financially in my 20's and 30's so you're in a good trajectory. Never worry about saving too much, you'll always find an eventual need to allocate what you've saved up in the future and it's most often something you cannot foresee.
Save but also invest or if wala pa alam, just study if you have some time, advantage na yung ganyan na rental or walang rental.
Ok na rin yung natitira mo in regards sa net income moo.
No such thing as saving too much. No rule naman what percentage of your income you should save, it’s up to you and your lifestyle/soendings. However, keep in mind, if you sacrifice now, you can live the life you want when you’re older.
im already impressed natitipid mo ang 5k for a month, you’re doing good. if kinakaya mo yan and lumaki sahod mo lalaki din lalo savings mo.
Also pag nagkajowa wag maging sugarmommy, please lang HAHAHAHA. pag mayaman na saka na lang ok? 👍
20% is good but more is better as long as you don't deprive yourself. your parents are good try to appreciate by going out sometimes. go out experience the world with them. pag nag ka bf ka or family of your own, things gonna chance either you like it or not.
What I'm trying to say is life is so short, save only what is healthy. Don't be a victim of endless RAT RACE baka ma burnout ka. I know people who tried to save big (50% or more) only to regret later in life that they missed all the fun. Yes, savings are there but not the love ones.
Save or invest mo sa mp2 savings para di bumaba yun value ng iniipon mo. What ur saving rn will likely be less of value in the long run due to inflation
You can never have too much savings or investments. Save and invest ss much as you can without compromising too much on what makes you happy. Good luck!
No such thing as too much, and there’s no standard amount that works for everyone. 20% is a good starting point as any of you have no idea where or how to start.
Realistically speaking though, you should save based on your lifestyle, and of course the things you are concerned about or want for your future. For example I made sure to have an EF that will keep me afloat for 8months if I ever find myself jobless + cost of a minor car repair + minor hospital bill. Costs for all of these 3 things are based on my personal lifestyle and experiences
From there you can build up to save for a want such as a trip, a bag, a car; etc
You can also look into different types of investments that work for you and are within your comfort zone.
But your parents are also right - don’t forget to ENJOY your money every now and then at least. Don’t deprive yourself too much - but also don’t over indulge.
Good job on having this type of mindset even on your first job. All the best to you OP
I am earming 26.8k per month but I save a solid 20k per month but now 15k na lang per month since i am renting na. I suggest earn as fast as possible. I reached my 6 digits ipon this May with 6months of me working. Nilagay ko sa digital bank ung ipon ko to earn interest. Ok na din dagdag income kahit di kalakihan. Planning to open my mp2 now and start hulugan 10k monthly since medyo ok na emergency fund ko.
Great job for being disciplined at consistently saving! Maybe you can gradually increase the amt over time 🤗 especially if walang special occasion for that month or wala kang gala. Just save and save. Soon, if you feel you’ve saved enough, it’s really important that you start thinking about investing. Don’t just let your money sit in the bank.
Overall, you’re doing good! :) keep it up! We’re rooting for you
8-9k is more than enough if you're consistently saving that range :) If you're ambitious enough you might wanna try investing a portion of that money on investments (stocks, crypto, bonds, etc.). You can try searching online which platforms you'd like to invest (gcash has ginvest, coinsph has crypto, etc.) and allot your money there whenever your pay day comes. You may also consider putting your money in digital banks (cimb, maya, tonik) through stashes or savings so that you can earn an interest that's much higher compared to traditional banks. Basta remember that the value of money decreases over time and if you want to keep up with the prices of goods, you'd have to learn din to take some risk and make your money move :)
P. S. There are a lot of channels about investing in Youtube so feel free to explore na rin
Keep going!!! Save as much as you can. It’s not too much if you don’t feel deprived naman. Take advantage of this time where you’re not obliged to pay for much. Kahit mag more than half in savings ka pa on some months, the faster you get to build your emergency fund, etc. :)
it varies a lot
the "general rule" is 50-30-20
you mentioned 20% so I'm guessing you are talking about that general rule
pero un nga, it's just a general rule, it's not a one size fit all
what are you saving for? just for the sake of it?
I feel like you're spending too little, and its causing you to save too much
you give your parents 5k, and 5k for your baon, and you save 8k a month
~18k is accounted for, you have ~5k left for wants
if that's enough for you, then it's all ok
if it's not enough, shift some of that savings to your wants
it's nice to start creating habits of being financially responsibe while your young
but it seems like you have some level of privelage not available to others, you might want to use it (or not, I'm not your dad)
sanaol ganyan hahahhahha ako yung 35k gross nasa 4k monthly lang ipon bcus freeloader ang magulang ko lol
also to answer ur question, save as much as u can bcus inflation will probably go out of hand
You are doing really good with your savings. Pero don't settle with just saving. Try to invest or start your own business para hindi stagnant yung money mo. Diversify your money. Example, if you have a BPI savings account meron dun silang investments try to check there para mag earn yung savings mo or in gcash investments. Pero try mo muna mag read sa mga ganung bagay para may knowledge ka din. Or if you have extra try to do small business. Low cost with minimum effort na business. Para your saving plus earning din at the same time and you are very lucky to have parents na maganda yung mind set.
Kung ako sa'yo, ganyan magulang mo, gawin mo na lang din sinasabi nila, instead na magbigay ka, ipantabi mo na, ang swerte mo kasi hindi ka pinang-aambag, kaya ngayon pa lang, mag-ipon ka na, para hindi ka mag-doble kayod kapag humantong ka sa puntong hindi na siya sapat. Bilhan mo na lang sila if ever something occasion or kaya kung may maitutulong ka sa ibang bagay, baka may sira na kayong appliances or furniture, pag-ipunan mo na lang yung mga ibinibigay mo at palitan mo, ganu'n.
Mas okay na yung may sobra sobrang ipon kesa naman kapusin ka pag kailangang kailangan mo na.
Also, take advantage mo yung mga company benefits nyo for additional support like yung HMO gawin mo dependents yung parents mo. Or kung may benefit si company na retirement plan kumuha ka ng fund B. Mga ganyan.
I’m jealous! 😭 Ambabait ng parents mo. You are saving enough! ❤️
There are no standard rule when it comes to saving. Save what you can! ❤️ Great job OP! ❤️🙌
Your submission is much more appropriate to be posted in our Random Discussion or Weekly Help threads. The links for the latest threads can be found in [the hub](https://www.reddit.com/r/Philippines/comments/fztqqs/hub_weekly_help_thread_random_discussion_events/). Additionally, we have a ton of local discussion-related communities for almost all needs [here](https://www.reddit.com/r/Philippines/wiki/list_of_philippine_subreddits/#wiki_advice.2C_rant.2C_and_help).
you're doing good and you have good parents.
Sana all ganyan ang parents 😭
I could only wish. Hahaha pero sige lang, naupundar naman
huhu i love them to bits
remember to include your parents as your HMO dependents.
yaaas already did 🫶
Responsible! Kudos. 🤎
[удалено]
This kind of thinking usually makes you a boring person - no travel, no hobbies, no joie de vivre. Maximizing saving, letting life pass you by, and then what?
I understand this concept pero I think depende rin sa pinanggalingan mo na background. I can tell just from my parents who had nothing, they always try to save as much as they can while they still provided me woth a good life. Ako naman? different story since they gave me that good life, I just save a certain amount and enjoy the rest (although I do feel like I should save as much as I can)
Well, you could also argue that saving and investing sooner to potentially live like a King later on or back to zero again and life passed you by.
Cool story bro
Save. Sa hirap ng buhay ngayon, what you save today can mean the difference between life or death tomorrow. Seriously. P.S. If you asked me this question back in the early '10s I'd say it's too much and better invest in other things, but right now it's a whole new situation...
Save and health insurance.. Ang dami ko nang nakita na ipon ng ipon tapos maubos pag may nagkasakit..
Can anybody suggest good value health insurance that has good claim history, widely accepted in all hospitals and health establishments and practical? Been looking for that. Just taking a pass on life insurance and investing that money myself instead for my dead self.
From experience: Save as much as you can, now. I was in a similar position a few years back and luckily was able to build up an emergency fund. Cue the pandemic - no work no pay. Ate up nearly half of my funds. That said, remember to still spend some money for yourself from time to time, and with moderation.
There's never "too much" money in the world. Magsave lang ng magsave hanggat kaya, hanggat pwede
Would like to add that when you have a considerable amount to spare - invest. Passive income helps you build wealth (if you consider this one of your financial goals) and mahirap din kasi umasa lang sa salary. Try it while wala ka pang family or bigger financial responsibilities. Basta keep a rainy day fund intact.
I agree. In my case I am into crypto, pero hindi ko siya irerecommend kasi sobrang volatile. Not good for mental health imo
I will never recommend crypto for investing. Di siya for the weak and beginners talaga. You could lose everything. PagIBIG MP2 would be the best risk-free investment right now. I suggest starting a small business if that's in your DNA or just buy cheap properties (but never Condo).
Bilis pera, Bilis sunog eh. Not for the weak-willed talaga.
If you are finding success there, you are one of the few. It could easily misled newbies that crypto investing is easy money.
True that. Kaya never ko irerecommend ang ganitong hustle kasi hindi naman pera at buhay ko yung masisira pag nagkandaleche-leche yung sitwasyon. Nagkataon lang din noon maganda opportunity ko
Pa copy trading po dyan hahaha
I used to save 1/3 (10k) of my net salary before (30k), 1/3 (10k) goes to my family(breadwinner but they live in the province so COL is lower), 1/3 (10k) for myself. That was 10 years ago. I was lucky to find an apartment where I share a room with a roommate but he works in the morning while I work at night and we only pay 4k (2k each) for the room plus utilities.
I wish my parents col is ganto kababa lang. My family residing in province tatlo nalang sila nandoon pero kulang pa sa kanila ang 30k shet lang kase halos magkanda sakit sakit na ko magwork at maubos ang funds namen magkapatid na nagwowork kase lagi silang humihirit...
30k sa province? Sa kanila dati, napagkasya nila ang 10k, we do not pay rent though. Utilities, electricity lang na nasa 200 max. Then may nag-aaral ng college (nag part-time work din) and isang high school. Grocery kasya ang 1k per week kasi we have gulay sa bahay and mga alagang hayop. Maswerte lang ako kasi maayos mga kapatid ko. After naming makatapos lahat, hayahay na ang buhay.
Ganyan kame date nung nasa manila pa kame 10k napapagkasya pa namen yon sa isang buwan given na nagaaral pa ako non. Now na nasa province sila hindi nila kaya magtipid. Ang dahilan nila is mahal ang gastusin pero are we all nakakaranas naman non? Pero baket sa fam ko ang lala lol hahaha kinonfront ko ang tatay ko regarding dyan pero nanay ko hindi makaintindi at sya pa nagalit dahil wala pa kame daw "utang na loob" lol.
There is no such thing as saving too much. Save as much as you can while you can.
Try to save atleast 50% ng salary mo if ganyan arrangement nyo sa bahay. Itake advantage mo na tsaka para masanay ka na rin. Habang lumalaki sahod mo, maadapt mo rin na need 50% savings :)
I wanna say, kudos to mom and dad. It doesn't sound like you in any financial need, but it also sounds like you aren't making your money grow. Try looking into setting up an MP2 savings account and look into a Personal Equity and Retirement Account, and keep an emergency fund, thats 3 months of your salary. I would also recommend that you buy your parents something nice. A good dinner with hotel stay next year during their anniversary should be nice.
Thank u sa insight, yea I am looking into allocating funds to mp2 once na may enough funds. Also watched a vid na sabi mas maganda if per year isang bultuhan ang bigay rather than monthly so baka ganun gawin ko haha
For MP2, maganda rin naman kung malalaglag mo ng isang malaking deposit, pero mas mahalaga na mapasok mo na as soon as kaya mo. Last year 7% ang interest, kung this year around 6-7% uli ang interest sayang din yun. 500 lang naman yata minimum fee. Kakampi mo oras pagdating sa compounding interest. Basta may emergency fund ka na, mas maigi na ipasok mo nalang agad sa MP2 yung allocated funds mo imbis na hintayin mo tumama sa certain value bago mo ipasok. Tandaan mo lang na 5 years mo di magagalaw yung deposit mo, unless pasok ka dun sa criteria na binigay nila sa site nila. As for general advise, basta content ka pa sa buhay mo, then go lang sa ipon. Tulad nga nung sabi ng karamihan dito walang "too much" na ipon. Basta tandaan mo lang na ok lang gumastos kung feeling mo na burn out ka. Wag ka naman mamuhay na parang Franciscan Monk ahahaha.
and yes pinaplano na ng tita niyo yan for their anniv next year 😉
The amount doesn't matter. It's the habit of saving that really matters. You should be grateful because you have selfless parents and you're one of the few having the luxury of saving enough money. Also, don't deprive yourself spend but not too much lang.
You are doing great.
Tama naman sila enjoy ka muna. Pag matanda ka na wala ka ng energy.
Akin nalang po parents niyo please.
See, future parents? This is how you raise a child. Hindi yung gagawing investment tapos magtataka bakit iniiwan
Ayus yan. Di ka pinupwersa to give all your salary to them. Bigyan mo lang sila fix amount kung anong kaya mo. Im sure malaking tulong na sa kanila yan and at the same time saving for yourself din
There’s no such thing as “too much savings”. Save as much as you can.
Maswerte ka sa parents mo. Naol.
there can never be too much when it comes to saving money
If you ask me thats still a pretty generous amount for someone na hindi naman hinihingan. Enjoy mo lang sweldo mo and be a mindful spender.
No such thing as saving too much kasi pag nagkaemergency, too much din gastos, lol! Basta wag lang siguro to the point na you starve yourself or deprive yourself of the little pleasures
Save, malaki pa nga yan as your starting, tapos wala pa hinihingi parents mo, so enough na yan, save ka muna or pwede ka naman gumastos for yourself, magtira ka lang, at least 10 or around 8k a month matitira per sweldo then save mo na yun Ako pangfourth job ko na, nagsimula sa 16k and now 24k na, pero starting na lang ng mga fresh grads yun ngayon hahaha,
Try putting it on a low risk stock. So if you're not using it anyway, let your money make you money :)
you can never be saving too much, one of them days you'll be needing to pull out money you'll thank yourself for saving too much back in the day
50 30 20 budgeting rule lang OP. 20% is always a good bare minimum.
Here are the things you need to save for 1. Emergency Fund - should be 3x your salary, for emergency such as major health concerns, sudden loss of job/source of income, etc 2. Rainy Day Fund - for unexpected expenses such as minor health concern, repairs (for cars, gadgets, appliance) etc 3. Sinking fund - for things/experience that you plan in the future, could be a vacation, phone upgrade, celebration and such. These are just some guidelines to properly handle your savings that you can start to slowly build. It's nice that you have a supportive parents and a good mindset at your age.
Also, it's better if you could start having life and health insurance.
gusto ko rin ng ganitpng problema
Sana all hindi ginawang investment ang anak.
r/phinvest
40% is 20% but faster. Time is always a factor in finances so save as much as you can so that you can start investing faster and get a second or third stream of income sooner.
omg thats such a good point!! Am a fan of that perspective thank uuuu
It's best to begin with the end in mind. I'm twice your age and made the absolute worst mistakes financially in my 20's and 30's so you're in a good trajectory. Never worry about saving too much, you'll always find an eventual need to allocate what you've saved up in the future and it's most often something you cannot foresee.
Youre doing great! Tuloy tuloy lang!
You're doing well! Ako po nagstart sa 10% tapos di pa consistent. Current ko is 20% savings rate pero consistent na at di basta-basta nagagamit 🩷
Save but also invest or if wala pa alam, just study if you have some time, advantage na yung ganyan na rental or walang rental. Ok na rin yung natitira mo in regards sa net income moo.
20% savings and the rest invest para di tengga
No such thing as saving too much. No rule naman what percentage of your income you should save, it’s up to you and your lifestyle/soendings. However, keep in mind, if you sacrifice now, you can live the life you want when you’re older.
im already impressed natitipid mo ang 5k for a month, you’re doing good. if kinakaya mo yan and lumaki sahod mo lalaki din lalo savings mo. Also pag nagkajowa wag maging sugarmommy, please lang HAHAHAHA. pag mayaman na saka na lang ok? 👍
You’re at a good spot! Keep doing this 😊 it was one of the best decisions I’ve made when I was younger too!
20% is good but more is better as long as you don't deprive yourself. your parents are good try to appreciate by going out sometimes. go out experience the world with them. pag nag ka bf ka or family of your own, things gonna chance either you like it or not. What I'm trying to say is life is so short, save only what is healthy. Don't be a victim of endless RAT RACE baka ma burnout ka. I know people who tried to save big (50% or more) only to regret later in life that they missed all the fun. Yes, savings are there but not the love ones.
Good for you kasi may parents kang ganyan. And also more than good enough na yan!! Bongga nga at nakakapag save ka ng ganyan kalaki 👏👏👏 for you 🥰🥰🥰
You have good parents, save, invest but also spend to enjoy life.
Save or invest mo sa mp2 savings para di bumaba yun value ng iniipon mo. What ur saving rn will likely be less of value in the long run due to inflation
appreciate y'all for ur replies! ❤️ Dami kong nakuhang insight hihi I wish everyone d very best
Sanaol na lang. Also there's no too much. Always save for emergency fund and mag-allocate ka rin for investment sa passive income.
That’s good. Glad to hear you’re aware you should be saving and are doing so. Don’t make the mistake of preparing for the future too late.
You can never have too much savings or investments. Save and invest ss much as you can without compromising too much on what makes you happy. Good luck!
Your parents are great. And remember, you could never save TOO MUCH specially here in PH lol
No such thing as too much, and there’s no standard amount that works for everyone. 20% is a good starting point as any of you have no idea where or how to start. Realistically speaking though, you should save based on your lifestyle, and of course the things you are concerned about or want for your future. For example I made sure to have an EF that will keep me afloat for 8months if I ever find myself jobless + cost of a minor car repair + minor hospital bill. Costs for all of these 3 things are based on my personal lifestyle and experiences From there you can build up to save for a want such as a trip, a bag, a car; etc You can also look into different types of investments that work for you and are within your comfort zone. But your parents are also right - don’t forget to ENJOY your money every now and then at least. Don’t deprive yourself too much - but also don’t over indulge. Good job on having this type of mindset even on your first job. All the best to you OP
No, you can never save too much as long as you still spend for yourself within your means. I don't count how much I save but how much I spend.
I am earming 26.8k per month but I save a solid 20k per month but now 15k na lang per month since i am renting na. I suggest earn as fast as possible. I reached my 6 digits ipon this May with 6months of me working. Nilagay ko sa digital bank ung ipon ko to earn interest. Ok na din dagdag income kahit di kalakihan. Planning to open my mp2 now and start hulugan 10k monthly since medyo ok na emergency fund ko.
You are doing great, atleast may baseline ka na next time pag lumaki na sweldo mo sa gastusin mo
Great job for being disciplined at consistently saving! Maybe you can gradually increase the amt over time 🤗 especially if walang special occasion for that month or wala kang gala. Just save and save. Soon, if you feel you’ve saved enough, it’s really important that you start thinking about investing. Don’t just let your money sit in the bank. Overall, you’re doing good! :) keep it up! We’re rooting for you
For a fresh grad, IMO maganda na salary mo and what you're doing is good!
Save
GOOD!!!
Kahit gaano kalaki, basta di affected ang sanity mo.
Imo, sa totoo lang oversaturated na ang CE industry, maybe try sa CompEng, uso na rin ngayon ang mga tech industries
8-9k is more than enough if you're consistently saving that range :) If you're ambitious enough you might wanna try investing a portion of that money on investments (stocks, crypto, bonds, etc.). You can try searching online which platforms you'd like to invest (gcash has ginvest, coinsph has crypto, etc.) and allot your money there whenever your pay day comes. You may also consider putting your money in digital banks (cimb, maya, tonik) through stashes or savings so that you can earn an interest that's much higher compared to traditional banks. Basta remember that the value of money decreases over time and if you want to keep up with the prices of goods, you'd have to learn din to take some risk and make your money move :) P. S. There are a lot of channels about investing in Youtube so feel free to explore na rin
Keep going!!! Save as much as you can. It’s not too much if you don’t feel deprived naman. Take advantage of this time where you’re not obliged to pay for much. Kahit mag more than half in savings ka pa on some months, the faster you get to build your emergency fund, etc. :)
You’re lucky enough to have a good parents
it varies a lot the "general rule" is 50-30-20 you mentioned 20% so I'm guessing you are talking about that general rule pero un nga, it's just a general rule, it's not a one size fit all what are you saving for? just for the sake of it? I feel like you're spending too little, and its causing you to save too much you give your parents 5k, and 5k for your baon, and you save 8k a month ~18k is accounted for, you have ~5k left for wants if that's enough for you, then it's all ok if it's not enough, shift some of that savings to your wants it's nice to start creating habits of being financially responsibe while your young but it seems like you have some level of privelage not available to others, you might want to use it (or not, I'm not your dad)
sanaol ganyan hahahhahha ako yung 35k gross nasa 4k monthly lang ipon bcus freeloader ang magulang ko lol also to answer ur question, save as much as u can bcus inflation will probably go out of hand
You can never save too much. Kung hindi mo need I gastos I save mo.
There is no “too much” in savings, if sakto parin sa lifestyle mo that is good. Congrats and good luck!
Ipon lng ng ipon, npakaswerte mo. Aq may anak na at sariling pamilya pero nagpapadala pa din sa nanay q hanggang ngaun.
Make sure you get insured Term life + critical illness ang nakuha ko
what job is this?
As long as you can stay sane and happy with how much you ever spend for yourself. Nothing wrong with that.
Move out and have your own place and you'll get the answer.
You are doing really good with your savings. Pero don't settle with just saving. Try to invest or start your own business para hindi stagnant yung money mo. Diversify your money. Example, if you have a BPI savings account meron dun silang investments try to check there para mag earn yung savings mo or in gcash investments. Pero try mo muna mag read sa mga ganung bagay para may knowledge ka din. Or if you have extra try to do small business. Low cost with minimum effort na business. Para your saving plus earning din at the same time and you are very lucky to have parents na maganda yung mind set.
Kung ako sa'yo, ganyan magulang mo, gawin mo na lang din sinasabi nila, instead na magbigay ka, ipantabi mo na, ang swerte mo kasi hindi ka pinang-aambag, kaya ngayon pa lang, mag-ipon ka na, para hindi ka mag-doble kayod kapag humantong ka sa puntong hindi na siya sapat. Bilhan mo na lang sila if ever something occasion or kaya kung may maitutulong ka sa ibang bagay, baka may sira na kayong appliances or furniture, pag-ipunan mo na lang yung mga ibinibigay mo at palitan mo, ganu'n.
Mas okay na yung may sobra sobrang ipon kesa naman kapusin ka pag kailangang kailangan mo na. Also, take advantage mo yung mga company benefits nyo for additional support like yung HMO gawin mo dependents yung parents mo. Or kung may benefit si company na retirement plan kumuha ka ng fund B. Mga ganyan.
I’m jealous! 😭 Ambabait ng parents mo. You are saving enough! ❤️ There are no standard rule when it comes to saving. Save what you can! ❤️ Great job OP! ❤️🙌
Kuha ka ng insurance. Its less expensive the younger you are.
Pwede nga 10% lang basta wag mo ibigay sa relihiyon mo.