JUST-AN-UPDATE

It's been a while since my last post, but I would like to say that our goal is still on. There are a lot of new things that happened this year.

- I changed by bank account, though I didn't close our old account. 

- Part of our savings are invested in Royale Business Club (Php 18,000.00)

- Our coffee vending is now contributing Php1,000.00 in our monthly savings.

I would not let this year ends without updating you guys what happened to our program. I will update you with our year-ender report soon.

ROYALE EXPERIENCE

June 7, 2014. I opened my first account with Royale Business Club. Week after, I opened another 2 accounts. To date, I already have 7 accounts, including my sister's. Two (2) of which, is financed by funds from this piggy bank.

Last June, I withdraw 8k from our account to open an account with Royale. I just added some personal money to put up the Php12,888.00. This August, I withdraw our time deposit amounting to 10k, again I raised 3k to open another account. Now our network is complete.

Why Royale?

If you can still remember my friends, our goal is to make this experiment able to save 1M in 30 years. Haven't we commit to deposit at least 1k a month to save 1M.

Fortunately, I met Royale. And my vision changed.

Why wait for 30 years to earn/save our first 1M, when Royale will help us achieve sooner. I believe that if I will just work this business with same enthusiasm, no doubt we will reach our goal sooner.

This week, our labor is about to bear its 1st fruit. Aren't you excited too!

BASA PAG MAY TIME

Reasons Why You Should Start Saving Today

MoneyMax.ph – Mon, Jun 23, 2014

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savings

It’s a fact that each and everyone of us need money to survive. So it’s also equally important to save. Saving money allows us to be ready for anything life may bring. It’s mostly essential for emergency cases but it’s also necessary on important and events whether expected or unexpected. If you want more specific reason to start saving, here are some:

Emergency Situation

Have you imagined yourself being in a situation where you need immediate cash to address a certain problem but, you don’t have enough budget, or worse, you zeroed out your savings? Gathering money on a short notice is nothing but financial and emotional stress.

Major Life Changes

There are events in life that are foreseeable, if not, planned. The earlier you’re going to save for these kinds of events, the better.

• Wedding

Weddings of any kind are expensive. From your clothes, to the reception and church, you will need money from it. Or, that would force you and your “Spouse-to-be” to settle for the kind of wedding that isn’t ideal or not the kind that you really, really want. Also, what’s even more expensive and what you need to be more prepared about is your life after that day. The marriage itself – your everyday expenses, you are something you should be prepared on. The lowest wedding expenses could go is around PHP 100,000

• Maternity

It’s agreeable that sometimes pregnancies are unplanned. But still, it cannot be considered as an emergency situation because you have a maximum of nine months to save. But if you have saved for it even beforehand, that would be easier. The cheapest maternity could cost around PHP30,000 on private hospitals.

Education

Set aside money for education. It helps us sharpen our skills set and develops all our other abilities. Increasing your worth is part of earning more credentials especially if you’re in the field where your earnings are dependent on your education. It is important to set aside for education because it is basically investing on yourself.

Investment

Who doesn’t look forward to owning properties someday? It’s a one of the best things you could give to your family – home, business and other things to secure their future. That ‘someday’ is dependent on you. If you start saving now securing your family’s future is more attainable.

Retirement

The main point why you should save money is to ensure a great future for you and your loved ones especially in the time where you are no longer active on earning money. Make sure that when you’re still active and when you have the ability to produce money, make the most out of it. Also, retirement doesn’t mean it could happen only when you’re old. The earlier you start saving, the more comfortable your retirement would be.

Saving relieves our readiness for any unforeseen or expected events in our life. All of us have the capacity to save; the only question is when to start. When do you start saving? NOW.

The post Reasons Why You Should Start Saving Today appeared first on MoneyMax.ph.

SHARING TIME: QUOTES

A man who both spends and saves money is the happiest man, because he has both enjoyments.

Samuel Johnson

STATUS UPDATE: 1 YEAR AND 4 MONTHS

After 1 year and 4 months, we now have Php 23,177.61.

            Php   10,000.00 - Deposited in a Time Deposit Account

                       7,177.61 - Cash In Bank

                       6,000.00 - Invested in a Coffee Vending Machine

* So far, our investment in coffee vending machine has contributed Php500.00/ month starting January 2014. The coffee vending machine is stationed in our office catering my co-employees'.

* We will venture in another business opportunity, as I've mentioned yesterday. I'm hoping this would accelerate to achieve our 1-m goal. 

Until next time guys. God bless. To God be the glory!

Quick Update

I met a new friend tonight over some bottles of drinks and I find him interesting because I learned a lot from him both personal and most of all on business . I believe this new friend will help us achieve our  1 million goal sooner.

Sorry for few updates friends. I will update tomorrow about some new stuffs. That's a promise.

REFLECTIONS: One Year Ago

One Year Ago:
     - I made a decision to take this experiment seriously.
     - I wanted to prove myself, I can maintain a savings account. And i did. If I made it, everyone could.
     - I wanted to earn my 1st million using this piggy bank. That's for 30 year. So far, 1 year is down. And we're on track.
     - I started this blog to take record of everything on this savings program. That makes you my partner on this journey.

After our 1 year being together, we're able to hurdle many challenges which make this journey more fun. At some point, I started questioning if everything that we were doing is worth the efforts. Sometimes I was embarrassed bringing the coin bag to the bank because I know I would again bother the teller counting my pennies. But we made it, and we will continue doing it for this year.

Positive points to ponder:
      - Humanap ng malapit na bank at mababait na tellers who understand your purpose.
      - Make it a habit to deposit your savings monthly.
      - Enjoy counting your saving every month's end. Reflect on the sacrifices you made in saving those coins.
      - Make records in everything you do. Just like maintaining this blog takes a little pressure to do right.
      - Pray. Thank God for every provision. our work. good health and supportive family and friends

Let's take this journey to another level this year. Since we now have 16k in our pocket, let us start planning new ventures to build more wealth using this initial capital.

STATUS UPDATE: YEAR-ENDER

Happy New Year everyone!

It took me a while to make this year-end report since I was so busy lately. I had a long Christmas vacation, so I have to rush up things to cope with my backlogs at work. Finally, today I was able to deposit my December savings, thus, this report.

As of December 2013, we now have Php16,412.30 in bank. The 10k is deposited in a separate special savings account, while the rest is in this passbook above. Against our savings goal, on our first year of saving, we are expected to save Php15,039. As we can see, we have saved above our set goal. Replicating the same momentum every year, although it's still early to say, we can save our 1st million earlier than 30 years. Let's see how we perform this year.

But we just keep on praying for His continued provision and blessings. We know that without His guidance, everything is useless.

To God be the glory.