09/04/2024
A POST WORTH READING๐ต๐ฐ
1. โ ๏ธEmergency Fund: You should always set aside 3-6 months worth of your expenses in your emergency savings. COVID-19 Pandemic ECQ is one example of needing an emergency fund.
2. Retirement Fund ๐ง๐ป๐ต๐ป: Imagine this period as your retirement days. NO WORK. NO PAY. ๐ข๐ญ
3. Short-Term Savings๐ธ: Should be easily accessible. This fund is used for vacations, buying laptops or cellphones, holiday gifts, gimmick ๐ฅetc. Itโs also for occasional unplanned expenses like repairs, replacements or low-cost medical emergencies and procedures. โ๏ธ๐ณ๐ฑ๐ป๐๐ โ๐ค๐ท ๐
4. Life Insurance and Health Insurance: Kung wala ka nito, may possibilities na maibenta mo ang iyong mga properties kapag nagkasakit or hindi makatapos ng pag-aaral ang mga anak dahil nawala ang breadwinner.
I am happy that most of my clients have at least 3 out of 4. They listened and believed in me and the company I am representing, SunLife.
Friends, should you have questions, or concerns or want to learn more about savings, I am more than willing to help.
Queenie Gorospe
Sun Life Unit Manager
Licensed Financial Advisor