I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video!.💜💜
Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path...
@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself.
@@davidforesto That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@ugojazzy7812 I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
This is such a very informative video ate charm. I remember starting pa lang ako mag ipon ng EF ko when I first stumbled upon one of your videos and now 4x almost 4 months of EF na naiipon ko. Thank you so much! 🥰
My initial reaction sa intro mo, wala kayong emergency bag? Seeing may kaya ka naman at afford mong magprepare. Pero I guess you just learn when u experience it. After Ondoy (since I live in Marikina), I get anxious every time there is a typhoon. So when I started working in 2011 ang una kong investment is an emergency kit. YES, emergency fund is essential pero kahit may pera ka kung wala talagang mabibili useless ang pera mo. Soooo for calamities for me, dapat nagbubuild ka rin ng emergency kit.
Will have to set up an emergency bag this year ☺️ Never really saw the need kasi before. Even during Odette, we didn’t really need to flee from our homes din.
Additional info, as starter you can save emergency fund equivalent to your expenses but I recommend that it should be equal to your income. 6 times of your income. Just in case of emergency it will cover your monthly expenses and at the same time other expenses that will help you to get out from that situation. A great example is unemployment aside from your monthly expenses you still have money to apply for a job transpo medical and you have to consider 1 month interval to receive your 1st salary.
Technically for dire emergencies, pwede naman. Hindi sha most ideal kaya dapat talaga maliit lang chance you will withdraw it (dapat may cash na around 6 months EF)
By having an emergency fund, you also protect emotional and mental health as these can prevent depression to lack of money, further escalation of financial problems (bankruptcy), or even resorting to debts, receiving bad or hurtful words from people around you and have more freedom to make better decisions in life as you have ready source of funds to do such thing.
Eye opener jod ang pandemic og calamities.. pinaka importante Emergency funds..sauna wakoy paki ana..sukad niwatch ko sugod sa imo channel nakat on nakog save..
Hi Charm, ask ko naman now, kailan mag stop sa pag save for emergency fund? The emergency fund that I have now covers 10 months of my living expenses plus wants. Also the sum of the amount is also earning from 6% to 10% interest annually. Now problem ko naman is when to stop. Please help me, thank you
We had this realization after these turn of events last year. Like me nag resign ako tapos muntik na hindi kayanin ng ipon ko, ahahaha maraming gastos pala. My backpay will go straight to my CIMBbank account 😁 Thanks for this video.
Conveniently forgets to mention that the price of food and water goes up exponentially when there is unique demand. Also interest stops when natural disasters happen. The bank will adjust for new inflation. This person has not used any sources who have actually experienced an emergency. Credit cards during an emergency lol
Emergencies aren't only natural disaster. In medical emergencies for example, credit cards can be of help especially if banks are closed. And if you listened to the video properly, I mentioned that I made this right after we experienced a typhoon that left us without water and electricity for 3 weeks, thus the importance of CASH as well as your first line of defense for calamities.
50% of Americans do not have savings. Half of those who did don’t have enough funds saved for retirement. They’re relying mostly on their SSS benefits. If you know how to save, you’re far better than most of them.
Offtopic. Pero may naka-experience na po ba dito inamag yung paper bill in storage? I'm thinking of keeping an amount on hand but I'm worried baka ma-damage siya pag matagal naka-store since for emergency use lang siya,
Gold and jewelry as an investment is good. Their value can appreciate in time althought it might take a long time before the value goes up. These won't be good for emergency fund, since the goal of emgcy fund is a very liquid fund meaning easily accessible when emergency happens
wow haha thanks for the reassurance on the length you finished your emergency fund. I was kinda panicking already 😂 that helps out as its more realistic
Thanks for this Charm, I think we can all say that we're glad you're safe! Eye opener yung need for on-hand cash (I hate handling cash haha 😅) and the option to put in easily withdrawable investments. I'm just beginning to save up for my EF since I just started working last year and nakakalungkot talaga na parang walang progress since I had to use it for medical expenses. But as you said, it's the natural process. 😊
Thank you for the video, one thing about emergency fund after using it you have to replenish it and even update it as cost of living keeps going up so for example your emergency fund for 6 months might not be enough for 6 months due to inflation. God Bless and glad you are safe!
I really appreciate this video. You gave me a better idea on how to handle my emergency funds especially ung on-hand cash.. super important talaga. Thank you!
I'm from Cebu and my Emergency Fund paid for my almost 1 week stay at the hotel to keep me comfortable and also paid for my expenses here in the province because staying in a hotel until everything is fixed is no longer practical. I only kept 5k in cash that's why it was really a hassle falling in line to withdraw money - thanks for the tip! Will keep 10-20k in cash moving forward. Thank you again Charm for the reminder of having it replenished ASAP bec we can't tell when the next emergency will be. 😊😊😊
Odette really made me realize how important to have a portion of your EF as cash talaga. Kaya for this year, I decided na I will set aside a 'cash savings' for emergencies na di maka withdraw or nawalan ng kuryente. At least 10% of my EF siguro.
Just think of how much you need to cash out if e.g. your wife needs a caesarian operation, your house burned down, etc. That IMO would be a good way to work your way around an EF.
About the MP2, note that "Pre-termination of MP2 membership for reason other than those allowed, the member shall only be entitled to the following: 50% of the total dividend earned as penalty for the pre-termination of MP2 savings of members who opted for compounded dividends." Let me know if I got it wrong, pero yeah totally safe to have it in MP2. Anti-budol pa kasi di ka matempt gumastos.
Is it still safe to put money in GSave ngayong maraming nawawalan bigla sa GCash app? Wanted to know your opinion about this kasi that's where I save my emergency fund :((
Ma’am what if po permanent po ung job ko like government employee and i have only one source of income. Do i still consider at least 6 months of emergency fund? Thank u
thank you so much, ate Charm! i’m already 23 and has been working for 3 years and yet i don’t have any savings, walang emergency fund. i’m a breadwinner and minsan sakto lang talaga yung salary sa gastusin. because of your helpful videos, namulat ako sa value ng pagiipon kahit pa hindi ganon kalaki yung sahod. thank you and hopefully makapagsimula na ko kahit papano 😅
Hi Charm, very informative content😊 Would you suggest to put your emergency funds into a investment platform like go trade and place it into a etf like s&p 500. Thank you
Agree with this. Also, aside from free annual fee for life, CITI Rewards Card has bigger increase in credit limit compared to others (in my experience). Just be careful not to use it in non-emergency purchases. Haha!
Thank you for the insightful video. I hope you and everyone in Cebu and other Odette-ravaged areas are doing better now. There's still the pandemic so stay safe and God bless.
Watched a lot of videos about savings and investments and learned the importance of having nine months of expenses as EF. This is our first line of defense when an emergency comes.
I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video!.💜💜
Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path...
@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself.
@@davidforesto That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@ugojazzy7812 I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
May natutunan na naman ako sa panonood dito
This is such a very informative video ate charm. I remember starting pa lang ako mag ipon ng EF ko when I first stumbled upon one of your videos and now 4x almost 4 months of EF na naiipon ko. Thank you so much! 🥰
My initial reaction sa intro mo, wala kayong emergency bag? Seeing may kaya ka naman at afford mong magprepare. Pero I guess you just learn when u experience it. After Ondoy (since I live in Marikina), I get anxious every time there is a typhoon. So when I started working in 2011 ang una kong investment is an emergency kit. YES, emergency fund is essential pero kahit may pera ka kung wala talagang mabibili useless ang pera mo. Soooo for calamities for me, dapat nagbubuild ka rin ng emergency kit.
Will have to set up an emergency bag this year ☺️ Never really saw the need kasi before. Even during Odette, we didn’t really need to flee from our homes din.
Additional info, as starter you can save emergency fund equivalent to your expenses but I recommend that it should be equal to your income. 6 times of your income. Just in case of emergency it will cover your monthly expenses and at the same time other expenses that will help you to get out from that situation. A great example is unemployment aside from your monthly expenses you still have money to apply for a job transpo medical and you have to consider 1 month interval to receive your 1st salary.
Hoping your okay and continue to create a content with a heart. I prayed for you.🎈
Hi! Ms. Charm, ask ko lang regarding sa Easy Withdrawable Investment if yung MP2 is still a good option as of 2024?
Technically for dire emergencies, pwede naman. Hindi sha most ideal kaya dapat talaga maliit lang chance you will withdraw it (dapat may cash na around 6 months EF)
Thanks Charm i appreciate u sharing your knowledge. u are intimidating really impressed. more power
❤️❤️❤️❤️
How to open an account in digital bank ?
Online application via the app
Bisdak man diay ka dai..
By having an emergency fund, you also protect emotional and mental health as these can prevent depression to lack of money, further escalation of financial problems (bankruptcy), or even resorting to debts, receiving bad or hurtful words from people around you and have more freedom to make better decisions in life as you have ready source of funds to do such thing.
Eye opener jod ang pandemic og calamities.. pinaka importante Emergency funds..sauna wakoy paki ana..sukad niwatch ko sugod sa imo channel nakat on nakog save..
Hi Charm, ask ko naman now, kailan mag stop sa pag save for emergency fund?
The emergency fund that I have now covers 10 months of my living expenses plus wants. Also the sum of the amount is also earning from 6% to 10% interest annually.
Now problem ko naman is when to stop.
Please help me, thank you
I think you should be good already, 6 months is considered a healthy EFund. You can start with other types of investments to diversify your portfolio
@@CharmdeLeon thank you so much ❤️
We had this realization after these turn of events last year. Like me nag resign ako tapos muntik na hindi kayanin ng ipon ko, ahahaha maraming gastos pala.
My backpay will go straight to my CIMBbank account 😁
Thanks for this video.
Minsan talaga gusto mo naman mag ipon. Pero ung sahod mo budget na agad kahit di pa nakukuha 😢..
are digital banks safe, Miss Charm?
apologies i already have the answer miss charm from your other video 😻
Conveniently forgets to mention that the price of food and water goes up exponentially when there is unique demand. Also interest stops when natural disasters happen. The bank will adjust for new inflation. This person has not used any sources who have actually experienced an emergency. Credit cards during an emergency lol
Emergencies aren't only natural disaster. In medical emergencies for example, credit cards can be of help especially if banks are closed. And if you listened to the video properly, I mentioned that I made this right after we experienced a typhoon that left us without water and electricity for 3 weeks, thus the importance of CASH as well as your first line of defense for calamities.
First beh first
best youtube recommendation for me this day :D
Thank you 😊🥰
Emergency funds are underappreciated by most especially mga Pinoys. We love to borrow money for something rather than preparing for it.
True. Most Pinoys do not save and live for the present only.
Like the close up though
50% of Americans do not have savings. Half of those who did don’t have enough funds saved for retirement. They’re relying mostly on their SSS benefits. If you know how to save, you’re far better than most of them.
Ang galing !!!
Just like Taylor Swift's songs, your contents saved me ❤️
dami ko natutunan pero naiinlove din ako
hehe
Not much information. I suggest reading the automatic millionaire. Put your emergency fund in a rainy day money market account. Low risk investment
After watching this I recall i Long time no eat Jollibee. Yummy
Just started investing this week and finding your channel made me more confident with my actions.
Hi Charm thanks for this vid!
Great vid! Pero bakit sobrang zoom ng video? 🤣😅
Excited to watch your next video.
👍❤️
Shared.
Ms Charm, ask ko lang or suggestion na din. Ano mga na read mong books na pwede maka help about financial or money related? Thank youuu
1) Total money make over
2) Millionaire next door
3) Richest man in Babylon
Are u from cebu?
crush ko to 😍
Hello Charm, good to see you're okay.
I am planning to buy a car and want to know how I can for that. Uubra po ba Yung saving for 6months accruals if ever Yung car is for installment?
Include your car loan repayments sa emergency fund computation
doon nyo lang po na realize yung must have cash on hand? during odette calamity?
Yes yes. 🥲 As mentioned in the video
youre so smart lady!!charm..
Hi madam😔
Offtopic. Pero may naka-experience na po ba dito inamag yung paper bill in storage? I'm thinking of keeping an amount on hand but I'm worried baka ma-damage siya pag matagal naka-store since for emergency use lang siya,
having a vault can really help.
I keep cash on hand for almost 7yrs. Ni lagay ko s envelope. Hindi nmn na damage
Cash is King
Awesome!
❤️❤️❤️
I live in Mandaue Cebu o/ still no electricity
Oh my 😳😪
💯💯💯
Emergency funds that would last 9-12 months is ideal. Life is unpredictable. Disasters and health problems do happen. Most people do not save.
I was is Siargao when Odette hit , ubos talaga lahat :( pati work nawala :(
🙏🏼🙏🏼🙏🏼🙏🏼
Hoping for a fast recovery for Siargao! 🙏🏻😔
Hi Charm, Glad you're safe and sound. Laban lang sis! I've order my ready to adult planner already! So excited na😍🙏
Maganda bang investment and gawin emergency fund and Gold Jewelry!
Definitely NO.
Gold and jewelry as an investment is good. Their value can appreciate in time althought it might take a long time before the value goes up.
These won't be good for emergency fund, since the goal of emgcy fund is a very liquid fund meaning easily accessible when emergency happens
Talked about it here: ruclips.net/video/4sghvl2DlBU/видео.html ☺️
Wow
nice 😊
Where to see the rewards for citibank cards?
www.citibank.com.ph/credit-cards/rewards/welcome/#card-agreement
Thank you! Keep safe!
Nice one, Charm!!! SUPER Relevant!! huhu. I will share this!!! Thank you!
🤗🥰
wow haha thanks for the reassurance on the length you finished your emergency fund. I was kinda panicking already 😂 that helps out as its more realistic
Thanks for this Charm, I think we can all say that we're glad you're safe! Eye opener yung need for on-hand cash (I hate handling cash haha 😅) and the option to put in easily withdrawable investments.
I'm just beginning to save up for my EF since I just started working last year and nakakalungkot talaga na parang walang progress since I had to use it for medical expenses. But as you said, it's the natural process. 😊
Omg yes. We had zero cash and had to borrow from a neighbor 😅
Thank you so much for sharing, i need to be discipline this 2022.
Very informative 💯👌👏
Hello Charm
Hi! 👋🏻
Thank you for the video, one thing about emergency fund after using it you have to replenish it and even update it as cost of living keeps going up so for example your emergency fund for 6 months might not be enough for 6 months due to inflation. God Bless and glad you are safe!
I really appreciate this video. You gave me a better idea on how to handle my emergency funds especially ung on-hand cash.. super important talaga. Thank you!
I'm from Cebu and my Emergency Fund paid for my almost 1 week stay at the hotel to keep me comfortable and also paid for my expenses here in the province because staying in a hotel until everything is fixed is no longer practical. I only kept 5k in cash that's why it was really a hassle falling in line to withdraw money - thanks for the tip! Will keep 10-20k in cash moving forward. Thank you again Charm for the reminder of having it replenished ASAP bec we can't tell when the next emergency will be. 😊😊😊
Thanks for the reminder and good points taken here.
Emergency fund is a must talaga. Just like how insurance is essential
It's common sense to have CASH on hand/ saved..hindi naman sa lahat ng oras may available ATM, especially in situations like that..🤦🤦🤦.
Very timely and relevant! Thanks for making these kind of videos. Super love it since my goal for this year is to complete my target amount for EF
Thanks for this, Charm! I appreciate your effort in every video that you make. Solid ka baklaaaa ♥
Odette really made me realize how important to have a portion of your EF as cash talaga. Kaya for this year, I decided na I will set aside a 'cash savings' for emergencies na di maka withdraw or nawalan ng kuryente. At least 10% of my EF siguro.
This is really helpful and informative. It gives me a better idea how to properly build my emergency fund. Thank you Ms. Charm. Stay safe :)
I really love your content. Great job. You are helping a lot. Thank you kaayo, Charm!
Thank you 🙏🏻 ☺️
Thank you for your videos Ms. Charm! 🙂 very helpful. last year i've invested na in mp2
Just think of how much you need to cash out if e.g. your wife needs a caesarian operation, your house burned down, etc. That IMO would be a good way to work your way around an EF.
About the MP2, note that "Pre-termination of MP2 membership for reason other than those allowed, the member shall only be entitled to the following: 50% of the total dividend earned as penalty for the pre-termination of MP2 savings of members who opted for compounded dividends."
Let me know if I got it wrong, pero yeah totally safe to have it in MP2. Anti-budol pa kasi di ka matempt gumastos.
tamA SIR
paturo po sir hahaha
Looking forward to savings tips videos
very informative! keep up the good work
It's indeed an eye and mind opening video! Super loved it! 🥰
Is it still safe to put money in GSave ngayong maraming nawawalan bigla sa GCash app? Wanted to know your opinion about this kasi that's where I save my emergency fund :((
Ive lost money in gcash app more than 3k. Better if u opt for other ewallet platform or other means. Gcash app cannot be trusted anymore.
I really appreciate how you explained about Emergency fund. Brief but very comprehensive. Thank you!!!
Ma’am what if po permanent po ung job ko like government employee and i have only one source of income. Do i still consider at least 6 months of emergency fund? Thank u
Emergency fund is a must have for every family members.
Happy that I am on the right track in my emergency fund.. keeping some in digital banks👌
I’m 17 and watching this video, I hope to have my job at 20 while studying and I think this channel is giving me the knowledge
Glad you’re safe, Ms. Charm ❤️
thank you so much, ate Charm! i’m already 23 and has been working for 3 years and yet i don’t have any savings, walang emergency fund. i’m a breadwinner and minsan sakto lang talaga yung salary sa gastusin. because of your helpful videos, namulat ako sa value ng pagiipon kahit pa hindi ganon kalaki yung sahod. thank you and hopefully makapagsimula na ko kahit papano 😅
Thanks Ate Charm for insightful and meaningful explanation about emergency fund, now I know how to handle my personal expenses
Hi Charm, very informative content😊 Would you suggest to put your emergency funds into a investment platform like go trade and place it into a etf like s&p 500. Thank you
For money over 6 months, You definitely can. But for below 6 months, still better to keep in a digital bank
@@CharmdeLeon thank you😊
Agree with this. Also, aside from free annual fee for life, CITI Rewards Card has bigger increase in credit limit compared to others (in my experience). Just be careful not to use it in non-emergency purchases. Haha!
Thank you for the insightful video. I hope you and everyone in Cebu and other Odette-ravaged areas are doing better now. There's still the pandemic so stay safe and God bless.
May bf ka na ba ma’am???🤣🤣🤣
Hey Charm, your videos are extremely helpful!
This is very helpful, especially in challenging times of uncertainty. keep posting this kind of content. Great Job Ms. Charm.
Watched a lot of videos about savings and investments and learned the importance of having nine months of expenses as EF. This is our first line of defense when an emergency comes.
A much detailed one. Nice!