Another Good Suggestion to Save Money

For those people who earns so much but are not able to save their hard earned Pesos because they keep buying gadgets and always go out to spend, I have another very good suggestion on how you can save your money. Spending so much can be very addictive. Especially when you go out a lot and spend most of your time in a mall with all of your cash with you. This can be prevented by not sacrificing your bad habit of hanging out in the malls.

Money is a very liquid asset, you must therefore find a way to convert it into something else that will not reduce its value. I have discovered that with the current European crisis, a lot of foreign investors in the country are withdrawing their money, as a result, the Philippine Peso is weakening because of this huge outgoing migration of funds. So you must be aware of this, and because you frequently go out perhaps twice a day, then instead of spending your money for expensive food, gadgets and whatever that attracts you for no reason, why not buy USD? So each you go out, just to satisfy your urges, just buy USD100 each time you go out and you will see that your money does not disappears because you are buying money?

Just keep on doing that and in about 5 months, you will realize that you have been shopping a lot and your money is still there. LOL!

Mutual Funds is much better way to Save Money

Gadgets are cool but they are just cool that way. Gadgets can easily be outdated and therefore there is a need to constantly upgrade. It is not a good way to save money. Mutual fund is professionally managed type of investment that pools money from many investors to buy stocks, bonds, short-term money market instruments. There are many companies that sells mutual funds and for the past 3 years, the yield is so good.

Money grows 100% every 3 years here in the Philippines if you invest in Mutual Funds. It is almost risk free. I invested some money 3 years ago and I am so glad that it has doubled eversince. I intend to invest more because well the market is still bullish and is expected to stay that way in the next 5 years.

The companies that sells Mutual Funds are Philequity, Sun Life of Canada, ATR KimEng, and many more. Some companies can allow you to invest as low as Php5000. They have an organization called Philippine Investment Funds Association. Mutual Funds