What's the best thing to do with your 13th month pay?

[wealthyhead]

actually it depends on the amount of your 13th-month pay....

I suggest:
1.) Tithes (10%) to your church or favorite charity
2.) Set aside an emergency fund in the bank or money market account.
3.) Invest some in Mutual Fund (remember.. 5k to start in most MF)
4.) Spend for yourself & others for Christmas

I have been thinking what's the best thing to do with my 13th month pay. I want to have a passive income like having a small business perhaps pero wala koy mahuna hunaan for now na business. On the other hand, i'm thinking na i-invest nako ang money sa Mutual Funds or EIP...Kamo guys what do you think?
Please share your thoughts..thanks.

[wealthyhead]

I forgot 1 thing... pay off debts (if you have)

actually it depends on the amount of your 13th-month pay....

I suggest:
1.) Tithes (10%) to your church or favorite charity
2.) Set aside an emergency fund in the bank or money market account.
3.) Invest some in Mutual Fund (remember.. 5k to start in most MF)
4.) Spend for yourself & others for Christmas

[the argonaut]

thanks sa inputs...mag start na ko ug invest sa MF kay kung dili pa ka karon basin ma postpone nya wala nasd padulngan...sayang ang kwarta ug ang panahon. mao na lang ni ang gift nako para sa akong self..hehe.

[Metz]

thanks sa inputs...mag start na ko ug invest sa MF kay kung dili pa ka karon basin ma postpone nya wala nasd padulngan...sayang ang kwarta ug ang panahon. mao na lang ni ang gift nako para sa akong self..hehe.

mao. invest on yourself jud bai kay ikaw ra gihapon mogamit ana ug imo umaabot nga pamilya.

besides MF, you can also invest on healthcare.
but if breadwinner naka, I suggest get a life insurance for income protection. barato raman 1M coverage ron.

[the argonaut]

May I suggest?

It would be better nga mag-open ka ug mutual fund bro (5k ra ang opening then use cost averaging sa remaining nimo nga 13th month, meaning if naa pa ka 10k sa imo 13th month, pwede na nimo i-cost averaging, 1k ra man ang minimum per additional investment). However, since mahurot man gyud ang 13th month di ba? aron ma-maximize nimo imo investments, mas maayo unta nga mag discipline pud ka ug save (1k or greater) sa imo mga next salary para maka additional ka ug invest sa imo existing mutual fund.

Actually bro, the decision depends on you. I also do not recommend nga ihurot nimo imo 13th month sa investment, anyway, nahan man pud ka mag enjoy sa imo 13th month di ba? Pwede man pud 70/30, 70% goes on into investment, 30% goes on into personal needs. But if decided ka nga imo i-invest gyud tanan to maximize returns, why not, di ba? Taas baya ron ang investor's confidence diri sa Pinas.

You can PM me bro if you need inputs from me about mutual funds, and other investment vehicles or even EIP in Citiseconline. But always remember that we're just here to guide and suggest, in the end, the decision is still in your hands.

thanks ani na input...murag ani jud akong buhaton..i'll send you a message regarding unsaon pag start sa MF. i need more info on this.

[c0mpumast3r]

PM'ed you bro.

[javs]

@ compumaster - very nice bro, i've read some of your threads about money, but mag lisod lang ko ana since ang sweldo sakto ra para consomo... but nice, PM me daw about that 3rd person thingy, if you will. Thanks....

[Metz]

its nice nga naka decide mo mosave
daghan sad ko clients 13th month pay sila magsugod.

[c0mpumast3r]

thanks ani na input...murag ani jud akong buhaton..i'll send you a message regarding unsaon pag start sa MF. i need more info on this.

PM'ed you bro.

[lorenzoleo]

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