a good start
i’ve just found the right savings plan for my kids. the tuition savings plan of Metrobank. do i sound like i’m advertising? hehe. no. i’m just excited because we just started saving for them. anyway, i figured out that saving up P74/day for their educational needs won’t put a hole in our pockets. this will be for five years and after that the interest payout will occur in five years. and not only that, it’s refundable too but i hope to be a disciplined saver.
previously, i applied for a gold Philam plan for my eldest daughter but we have stopped contributing to it because it’s eating up all of our money. it was unplanned and we failed to consider if our budget would allow it. we have already conributed almost 10% of the pre-need plan. it was unrefundable because the policy requires more than 20% of the pre-need plan to be contributed first. darn, what a wrong move. anyway, we learn from our mistakes right? the moral of the story think 100 times before venturing into investments specially involving money.
