1. Keep Track of Your Spending Habits

Saving requires discipline and you can start by tracking down your spending habits. Begin tracking your expenses by keeping a written record of what you spend. Do this for a minimum of one month – two months is better – and you’ll have the information you need for the next step in the process.

2. Create a Budget

At its simplest, creating a budget requires three things: Knowing how much you earn, knowing how much you spend, and making a plan to spend less than you make so you can save what’s left over. Once you identified all these things, this can help you in curbing your spending habits and accomplishing your financial goals. 

3. Make your shopping list your friend

Entering a mall is a great temptation to take everything. Now, you’ll want to save money at the grocery store, and a tried-and-true way to do that is to make a shopping list in advance and stick to it. Resist the temptation to buy something on impulse when you get to the store. If you organize your list around sales the store has advertised, so much the better.

4. Save on Utility Costs

We can’t do anything with electricity and water, but you can find ways to lower your utility bills. A simple unplugging of unused appliances, replacing your light bulbs with LEDs, and doing some manual work can make a difference to yourself and save your utility bills. 

Don’t wait and hesitate. Start Cutting Your Expenses Now! The sooner you start, the sooner you finish, and the more you save. To help you to save, life insurance can be your best ally when times get rough. Check out Manila Bankers Life Insurance‘s life insurance plans, like Money Saver to help you save more for your future.

Many people now appreciate the need for life insurance. But then again, a big part of the population would still say they do not need it. Let us answer the question now, once and for all. Why do people need life insurance?

Dependents. If you have a family, the first and most important reason to even consider taking out a life insurance policy would be because of your family. You would want to make sure that you can be able to have something set aside for them, just in case anything were to happen to you.

In case you are no longer able to work, in case of an emergency, in case you would pass away. A life insurance policy would safeguard your family from any financial trouble.

Financial stability. In line with having a savings account for your family, you will also have an investment. For most people in the Philippines, having financial stability is an unrealistic dream for most people. People live from paycheck to paycheck without being able to save or invest anything.

A worker would receive their salary and seemingly in the blink of an eye, the money will have disappeared. Paying a small premium each month for life insurance would be as good as investing. You would be setting that money aside and then in the future, you would be able to reap what you sow.

Medical needs. This is one of the things that makes saving so difficult in the Philippines. Whenever we think we would have some savings leftover in the bank, a medical emergency would arise and that small amount of savings would be depleted, and in some occasions, it would not be enough to cover medical expenses.

Medicines and doctors’ fees alone would set you back thousands of pesos. A life insurance policy would already include a medical benefit. You would be paying a certain amount in premiums per month but then the payouts you would be receiving would be much higher than the premiums you pay. It would be worth every peso invested.

Invest while you have the means. If you are a young adult who earns an income, should start investing in a life insurance policy. It would be easy to allocate around Php3000 to Php4000 every month into your budget, to ensure that you will have something set aside for you and your family in the long run.

It might seem like another useless expense at first, but as the value of your policy would slowly increase, you will see that your hard work and investment would pay off. While you still have a steady cash flow coming in, you should seriously consider getting a life insurance policy. The value of your policy would also be bigger if you choose to invest earlier.

These are only a few of the reasons why investing in life insurance is a need. 

The bottom line is that there will always be expenses that you will need to pay. Life insurance can be considered part of your budget, but then it is the only part of your budget that will ensure that you have something set aside for your future.

In the year 2019, start investing in your future today! You will thank yourself in the future when you will have the financial freedom you are dreaming about today.

1. Sun Life of Canada (Philippines) Inc.

It has remained on the top spot for this year, and continues to be the number one most trusted provider for insurance for families in the country.

2. Philippine AXA Life Insurance, Corp.

AXA is fast growing at the number two spot. Investors of AXA insurance would be well funded, because this insurance company is backed by a joint venture if the AXA group and the Metrobank Group.

3. Philippine American Life & Gen. Ins.Co.

A previous number one company has continued to provide insurance since 1947.

4. Pru Life Insurance Corp. of U.K.

This relatively new contended was able to earn its place in the ranks by providing top notch insurance policies to its clients. The company was founded in 1996.

5. BPI-Philam Life Assurance Corp., Inc.

This has been one of the insurance providers that never fails to gain a spot in the top 10 every year. Many people trust it because it was founded on a partnership of BPI and PhilAm Life, noth very big names in their own industries.

6. Manulife Philippines

It was founded in 1907, making it one of the oldest and most trusted names in Philippine insurance today.

7. Insular Life Assurance Company, Ltd.

This company is one that is owned by its policyholders. It is a mutual company that was founded in 1910, also one of the oldest still serving in the country. It also holds the title of being the first Filipino-owned life insurance companies.

8. BDO Life Assurance Co. Inc.

It was founded in 1999, and still continues to provide its clients with quality life insurance packages at the number 8 spot for 2019.

9. Allianz PNB Life Insurance, Inc.

This company continues to show promising growth. It continues to safeguard the funds and investments of its many trusted clients.

10. Manulife China Life Assurance Corp.

The strength of this company comes from providing a wide range of insurance products and services to Chinabank clients.

No matter which insurance company you choose to invest in, they will all do one thing in common, which is to help save for your future. Depending on your needs, you can decide which insurance provider would be the best for you and your family.

These companies did not rise to the top just because of one or two clients who bought life insurance from them. Their success can be credited to the millions of Filipinos who have made the leap of faith and decided to trust these companies.

Life insurance is not about having money for your funeral expenses. It is about so much more than that. It is about saving money for the future, putting money aside for emergencies and saving for your child’s education. All of those things can take their toll on your budget, and having a life insurance policy can help.

Talk to us today if you have any questions about which provider may be right for you. We would also be happy to discuss which packages and bundles would benefit you and your family the most. Happy investing!

The answer is simple. It is providing the best for their children. Parents would spare no expense in buying the best shoes, the most nutritious food and the best education for their children.

No matter how stressful adult life is, a parent would have no greater satisfaction than seeing their child succeed in life.

As a parent, we understand that you want only the best for your child. But sometimes providing the best of everything can be expensive, and we can understand how frustrating it can be when you are not able to buy something your child wants. We understand how much parents have on their plate.

Education is very important

It is probably one of the most important, if not the most important investment that a parent can make for their child. The quality of education a child receives can make or break them.

Better opportunities will present themselves to children who have had a good education. We have a plan that can help you pay for your child’s education through senior high and college. 

Let us help you provide the best for them

Our education plans provide a convenient way to accumulate savings, get insurance for your children and most importantly, pay for their college education. For just a small monthly premium, you will be able to provide your children with the best future, with the best education plan.

We understand how hard it can be to manage the budget, maintain the household expenses, keep a savings account and provide everything each member of the family needs. This is why education plans exist.

An education plan hits two birds with one stone

Guaranteed education. Your children will get their degree, no matter what. If anything should happen to you, as the provider, it will not affect the payout that they will receive.

It will also not affect the policy that you will have started for them. They will still be entitled to receive the educational benefit as stipulated in the policy. The child will still be able to attend the school of their choice, to study their chosen course. 

Savings for a crucial time. You will also be investing in a savings plan for your children. They will have money set aside for them to support them while they study. This will be one less thing to worry about for you.

It is time to secure the brightest possible future for your child.

You might be hesitant because of what happened with a certain college plan provider in the past.

We understand your fears, but then we can refute them. What happened almost a decade ago will not happen again with us. That incident happened because of some irresponsible actions of some government officials. In our case, we are not going bankrupt and we have a long list of satisfied families who we have helped with their children’s education.

For more information on our plans, and how they can benefit your family, please visit https://www.epolicy.ph/start/life/

We would love to hear from you today! Get started in providing the best education plan for your child.