Saving money for Filipinos is simply putting in the bank. There is nothing wrong with it for it is where we mostly pull out our money to pay bills which bring us convenience and security, but take note though that this is not for a long term. I have learned from Chinkee Tan, a financial expert, that if a person earns P20,000, he would have to save the P10k, spend the P5k for expenses, and invest the remaining P5k.
It is true with what Rebecca Bloomwood has said, “You have to spend money to make money.” but do it wisely with the calculation of your ROI (return of investment). While buying the latest gadget, think if it would generate money or much classic to say, “Do you need it, or do you just want it?” BE wise and invest it on mutual funds, a piece of land, on insurance, government bonds, education, capital for new business, or skills so by the time you’re 40, you do not only have a savings acct but tons of growing money.
Here in Caritas Financial Plans, we could offer you insurance like:
- Pension Plans
- Health Shield Programs
- Combi Plans (Health Shield and Pension)
- Motor, Car, Fire, Personal Accident, & Other Non-Life Insurance Products
- Mutual Fund Investments
Caritas Financial Plans, Inc. is a wholly-owned subsidiary of Caritas Health Shield duly registered with the Securities and Exchange Commission and licensed by the Insurance Commission to act as a pre-need company.
It was originally incorporated and registered on October 8, 1993 as Vantage Pension and Education Plans, Inc., the company was acquired by CARITAS HEALTH SHIELD on September 21, 2005. On March 8, 2007, the company was subsequently renamed CARITAS FINANCIAL PLANS, INC.
On June 9, 2007, the SEC formally approved the registration of the P150 million-capitalized Caritas Financial Plans as a dealer of securities in the form of pre-need plans.
Should you have more questions or interested to save to have future funds, please contact me: