Sun Life Financial Advisor - Frances Mayette Carandang

Some lessons about money.

1. Must have EMERGENCY FUND - enough for 6 months of expenses/current lifestyle. Have a Health Emergency Fund too.

2. SAVE MONEY and MONEY WILL SAVE YOU. Don’t save what is left after spending. Only spend what is left after saving.

3. Best to have ZERO DEBT. If you can’t pay cash, you CAN’T AFFORD it, nothing beats PEACE OF MIND.

4. Avoid unnecessary spendings. Forget sale price, everything is 100% off when you don’t buy it. Don’t waste your money on things that you don’t need, even if they are cheap. EVERY PESO COUNTS!

5. Learn to BUDGET - it is telling your money where to go instead of wondering where it went.

6. If we buy things that we don’t need, we will have to SELL THINGS THAT WE NEED.

7. PRETENDING TO BE RICH can make us poor. Must learn to live BELOW MEANS. Don’t go broke trying to look rich. ACT YOUR WAGE.

8. MONEY IS NOT EVERYTHING, but we cannot deny the fact that we need money for our family.

9. INVEST SMALL AMOUNT CONSISTENTLY and you will be rich overtime.

10. If there are people dependent on your income like your spouse, children, parents or siblings, then chances are YOU REALLY NEED LIFE INSURANCE.

Learn it well. Financial Education is the 🔑

We’ve worked hard for our 13th month pay for about a year so don’t just spent all of it in one day. 😁

Rewarding ourselves is not bad just don’t forget to set aside a portion of it for your savings and investment. 💪🏻

Make that money work for you.

📌