Your Retirement Plan

  1. Don’t neglect your monthly payables, such as your SSS and Health plans. A lot of employees think that they eat up so much of their salary, when in reality the benefits will come in handy when you least expect it in the future.
  2. Create the “untouchable.” Open a savings account where you’ll deposit all your monthly savings that you promise not to spend. Avoid putting your savings in an ATM card because you’ll be tempted to spend it.
  3. Invest in time deposit. When you’ve earned about three months’ wort of salary from your untouchable fund, invest it in a time deposit account. The bigger annual interest is slightly bigger than regular accounts and it helps secure your cash advances. This time deposit can serve as your emergency stash- and I’m not talking about shopping emergencies. Make a list of realistic emergencies that warrants you to touch this account- such as suddenly being unemployed or family emergencies.

  1. No comments yet.

  1. No trackbacks yet.

Refrain from resubmitting your comments because all of them will be held on moderation. They will appear when I already approved them. Thanks!

Subscribe

Enter your email address:

Delivered by FeedBurner

Notes

I try to return comments whenever I post a new blog. If you can't see the comment form in the previous blogs, it just means you have to comment on the newer one. I list people's links whom I frequently talk to under Red Carpet.