Life's full of surprises, diba? Sometimes they're the good kind of surprise, like finding money sa luma mong pantalon, pero minsan, kabaliktaran. That's why we're here with a simple guide on how to prepare for life's unexpected curveballs, those moments that catch us off-guard and leave us scrambling for answers.
Halos lahat tayo merong detour sign we didn't see coming. It could be a job loss, a health scare, or an unexpected financial hit. It happens to the best of us, and that's precisely why we need a Plan B.
You might be wondering, "Why do I need a Plan B? Saka nalang siguro pag andyan na." Stick with us as we dive into this guide to help you navigate the unpredictable waters of life and ensure you're ready to face whatever comes your way.
1. Get a Clear Picture of Your Life
I-asses ang iyong financial and personal situation. I-examine ang income, expenses, savings, and debts ng pamilya to get a clear picture of your financial health. Some helpful things to ask yourself are: What are my goals? What am I saving up for? Enough ba yung naipon ko in case magkaron ng emergency?
Having an honest assessment of your current financial situation can help you see kung anong area ang dapat mong bigyang pansin—be it your emergency fund, medical fund, or retirement fund—major life events that we all need to prepare for.
2. Grow Your Money the Smart Way
Sa panahon ngayon, ang taas ng cost of living. For many families, hindi kayang i-asa ang income sa iisang source tulad ng sahod. Mahirap talagang mag-budget ng pera. Tapos kailangan mo pa mag-ipon for emergencies. Wala pa doon ang savings for your retirement, and of course, let's face it--we all want to enjoy our hard-earned income. Paano na ang mga inadd to cart mo, diba?
One way to earn extra income and help you achieve your financial goals is having a side hustle in the form of freelancing, a small business or franchise, or putting some of your savings in investment funds.
Speaking of investments! Did you know that ang pag-iinvest ay hindi lang para sa mga ultra-rich? Investing your money, the smart way can actually help you grow your assets in the long term and can even help you supplement future goals like your retirement. We're not saying na doon ka lang aasa for your retirement ha? Pang dagdag lang siya sa naipon mo at sa company retirement pay mo when the time comes.
3. Take Care of Your Health
Getting sick--lalo na pag tinamaan ka ng dread disease--can instantly wipe out your life savings and can leave your family in serious debt. It can also render you unable to work, resulting in lost income for your family.
Ang kalusugan ay walang kasing halaga. It’s a fundamental step towards a secure future. It involves a two-fold approach: kumain nang tama at maging physically active. A healthy lifestyle not only enhances your well-being but also reduces the risk of medical expenses and setbacks na makakaapekto sa financial stability ng iyong pamilya. By making these choices, you're investing in a healthier, more secure tomorrow.
4. Protect Your Family’s Future
Ang pag secure ng future ng pamilya mo is an act of love that transcends this life. While it may seem like a daunting task, it can begin with the simple act of saving.
Ang pagkakaroon ng emergency fund can provide a crucial assurance sa panahon ng mga di inaasahang pangyayari. Halimbawa, pag isa sa pamilya ay nawalan ng trabaho, magkaroon ng medical emergency, or biglaang car or home repairs, having an emergency fund will come in handy.
Ang pag secure ng future mo at ng iyong pamilya is not limited to building a savings and investment Plan. A sound financial portfolio should always include life insurance, like what BDO Life offers.
Having a life insurance Plan acts as your backup, your Plan B, para anuman ang mangyari sayo, lalo na pag ikaw ang breadwinner, may sasalo sa pamilya mo.
BDO Life: Your Plan B for Life's Unexpected Moments
BDO Life understands that life can throw inconvenient--and sometimes painful--twists, so they're here to provide you with life insurance Plans that help you ensure na matutuloy pa rin ang buhay at pangarap ng pamilya, anuman ang mangyari.
As a wholly-owned life insurance company of BDO Unibank, you can trust BDO Life to take care of your family if anything happens to you--from providing funds to shoulder their day-to-day needs, to helping them pay for hospital expenses and loans you may have left behind. Using the practical tips we shared and armed with a well-thought-out Plan B, may peace of mind and confidence ka that your family can look forward to a promising future amid life's ups and downs.
Just visit any BDO branch to talk to a BDO Life Financial Advisor so you can get started on your Plan B. You can also visit their website at www.bdo.com.ph/bdo-life.
Also read: Building Financial Security: A Guide to Strategic Family Investing