STATUS UPDATE: YEAR-ENDER (YEAR 2)

Happy New Year! 

I know this is late, but better than never.

We are now on our 3rd year guys. And we are going strong. I know that the future is uncertain, but our discipline, consistency and determination, will drive us further.

Our 2nd year had past with major changes. These are:

1. We have new a depository bank. I transferred all our savings to OCCCI (Metro Ormoc Community Cooperative). Yes, this is a cooperative. Aside that their office is just a walk away from my place, investing in cooperative offers many advantages.

2. We invested portion of our savings to Royale Business Club amounting to Php18,000.00. This investment will accelerate our drive to reach our goal. Although, this will take some time.

3. Another investment that we have this year is our coffee vending machine which amounted to Php6,000.00. This investment is contributing additional Php 1,000.00 to our monthly deposits. As of December, it contributed P8,500.00 already and counting.

Total Funds

                    Cash in Bank (as of Dec. 2014)           Php 14,815.29

                    Investments:

                              Royale Business Club                       18,000.00

                              Coffee Vending Machine                    6,000.00

                    TOTAL                                                Php 38,815.29 

I can't believe it! We are now almost 40K. To track with our 1M goal, by 24 months, we are expected to save Php28,415.00. But as we can see, our total funds now is already Php38,815.29, 10k beyond our target. With continued effort and prayer, our 1M goal will be realized sooner. 

Plans for 2015

I am optimistic for this coming year. With our investments in placed, let us be more courageous to take this program into the next level.

This will be our plans for this year:

1. Invest another Coffee Vending Machine. We just need to find a good location where we can station our vendo. It will take Php 12,000.00 from our savings.

2. Work out our investment in Royale so that it will start generating income to our account. This is not easy, but let's make this happen.

3. Continue our advocacy in piggy banking. We will intensify our campaign for smart piggy banking so that we could influence more people into saving. Isn't this our primary reason why we came up with this saving program. 

4. Build an online community who share the same passion in piggy banking. I don't know how I can do this, maybe we can start in our FB account.

Again, all these things are impossible without divine intervention. That's why, we give back all the glory and honor to our Almighty Lord Jesus Christ.