alexis1148
New member
Earning 40k. Monthly expenses around 25k.
I like saving up once I got the hang of it a few months ago. Pero I'm genuinely uncomfortable with seeing money that I have that is more than 5k. I come from a lower middle class family. Started working when I was in high school for daily expenses.
I can say that I'm doing pretty good. Just looking for honest opinions. I might be missing out on some better opportunities.
Savings total of 200k.
- 100k EF in RCBC Hexagon.
- 100k scattered across high yielding digibanks.
Here's what I'm thinking of right now.
1. Planning to put 50k in a 7% dividend coop, also serves as EF bc their interest rates for loans up to deposited amount is lower than the dividends.
2. Will leave the 50k as buffer. Might use it to invest in a business with my partner.
3. Planning to save up for another 50k and deposit it full in MP2.
Other context:
1. Not planning to pull out the 100k from RCBC to maintain ADB. I get free life insurance and free withdrawals from any ATM.
2. I'm debt free but am saving up separately for a new phone. Will only buy if I have the full amount already onhand. But not sure if I should do installments (better liquidity, improved credit score), or pay full cash through resellers (net amount a lot cheaper). What do u think?
3. My actual monthly expenses are around 10k to 18k only. Splurged a bit lang last few months. Saving up isn't very difficult but I feel like I've saved up enough but I also feel that I should earn more.
4. I tried crypto for but got paper loss 20% in one day. I waited until I got back my initial deposit then pulled out lol. Should I continue and try crypto with money "willing to lose" maybe around 20k?
5. Can't afford term insurance yet. Company provides good HMO but I'll be paying for dependents.
Am not comfortable with this level of comfort tbh. Di ako sanay na I can always say "meron akong extra". Wc is why MP2, coop, time deposit, and locked savings were my go-to.
Now I think I should step outside of my comfort zone but am unsure where to go. Am I doing this right?
I like saving up once I got the hang of it a few months ago. Pero I'm genuinely uncomfortable with seeing money that I have that is more than 5k. I come from a lower middle class family. Started working when I was in high school for daily expenses.
I can say that I'm doing pretty good. Just looking for honest opinions. I might be missing out on some better opportunities.
Savings total of 200k.
- 100k EF in RCBC Hexagon.
- 100k scattered across high yielding digibanks.
Here's what I'm thinking of right now.
1. Planning to put 50k in a 7% dividend coop, also serves as EF bc their interest rates for loans up to deposited amount is lower than the dividends.
2. Will leave the 50k as buffer. Might use it to invest in a business with my partner.
3. Planning to save up for another 50k and deposit it full in MP2.
Other context:
1. Not planning to pull out the 100k from RCBC to maintain ADB. I get free life insurance and free withdrawals from any ATM.
2. I'm debt free but am saving up separately for a new phone. Will only buy if I have the full amount already onhand. But not sure if I should do installments (better liquidity, improved credit score), or pay full cash through resellers (net amount a lot cheaper). What do u think?
3. My actual monthly expenses are around 10k to 18k only. Splurged a bit lang last few months. Saving up isn't very difficult but I feel like I've saved up enough but I also feel that I should earn more.
4. I tried crypto for but got paper loss 20% in one day. I waited until I got back my initial deposit then pulled out lol. Should I continue and try crypto with money "willing to lose" maybe around 20k?
5. Can't afford term insurance yet. Company provides good HMO but I'll be paying for dependents.
Am not comfortable with this level of comfort tbh. Di ako sanay na I can always say "meron akong extra". Wc is why MP2, coop, time deposit, and locked savings were my go-to.
Now I think I should step outside of my comfort zone but am unsure where to go. Am I doing this right?