22/09/2023
Bank is good, For emergency funds and Business transactions.😊
Pero kung pag uusapan natin ay long-term goals like Retirement, Dream house, Dream car, Dream vacation & travels.
Bank is not a good option, especially kung nakalagay lang yan sa Savings account.
Wala pang 1% ang interest nyan per year, 0.25% to be exact.
Meron naman mga time deposit nagre-range ng 0.5% - 4% ang interest per year.
Pero kahit mag 2% pa yan hindi nya kayang i-beat ang inflation na nagre-range ng 3-6% per year.
Meaning, kung nakatago lang ang pera mo sa bank na sana ay pang retirement mo eh mag-isip isip ka na.
Kinakain lang po yan ng inflation ng hindi mo napapansin.
Be Financially Smart, Pwide ko po kayong ma guide kung saan pwideng mag invest for long term goals.