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Thursday, October 27, 2016

Smart Parenting Money Strategies for Smart Moms


I am someone who isn’t knowledgeable when it comes to investing, and stocks. In fact, I am one of those who are willing to learn but just know where to start and what to learn first. And although we are into saving and I know household budgeting, financial industry for me is still like a jigsaw puzzle that I’m trying to connect piece by piece.

 I’m glad I got the chance to attend the first step to financial literacy! And hopefully, little by little, I’ll be able to create that image of a solved jigsaw puzzle. Last October 22, Saturday, SmartParenting.com.ph, the credible parenting resource backed by experts and a community of involved parents, held “Money Strategies for Smart Moms at Café 1771 in Ortigas, and I was there! Yay!

With its aim to help Filipino moms to become mindful and confident parents, Smart Parenting, together with Pro friends, a reputable property developer in the country, provided an inspiring and informative venue for moms like me, to learn about money-saving strategies, raising money smart kids, and home financing.

Mr. Aya Laraya during our Money Strategies Seminar

First in the speaker line up was Aya Laraya, an investment advocate with more than 25 years of experience in different financial industries and a TC show host of Pesos and Sense. He spoke from his personal experience when it comes to money-saving strategies to achieve our goals. Let me share a few things that I got from Aya, who, by the way, gave me so many realizations in life. I agree with everything that he said. What I learned from him was this, when you want something, what do you do? He said first, you have to ask yourself:
  1. What do you want? – have a goal, something that you want to be able to achieve.
  2.  Have a budget – whether that’s a small like a local travel with family or buying a house, it’s important that we have a budget allotted for it.
  3.  Discuss with family – Aya said that it’s very important that the family sits down and talk about the goal because everyone is going to be affected by it.
  4. Consult with competent people – the danger is consulting with the wrong people, asking in different social media sites, which may cause a risk on your goal. I learned how important it is to talk to the right people when it comes to doing major goals like buying a house, getting into stocks and investing.
  5. ACT – ACT means ACTION CHANGES THINGS, because really, nothing can be done without an action. 

For tips on raising money smart kids, Smart Parenting tapped Rose Fres Fausto, an investment banker turned full-time homemaker and now author and newspaper columnist, who is well-known for her talks on purposeful parenting and financial literacy. 


She taught us about FQ. And if you’re to ask what it means? FQ or Financial Intelligence Quotient is the ability to make sound decisions and ACTIONS in handling one's personal finances. She taught us the 3 Basic Laws of money such as the following:

  1. Pay Yourself first – this is what most moms like me fail to do most of the time. It is because we always think of something else or prioritizing other things in the household. The reason we pay ourselves is in order for us to not feel “deprived” of our own income. As for me who is into tithing, I always go with setting aside God’s part on my income first, and then get a budget for myself as well.
  2. Get into a business that you understand. Seek advice from competent people – I couldn’t agree more on this point! Just because party photobooth is the trend during parties today and I think I can get lots of income out of it doesn’t mean it’s for me when I have a very limited knowledge when it comes to photography. You know what I mean?
  3. Make your gold work for you. Make an army of gold before you buy luxury – this one is so deep, I still have to work on making my income work for me. Lol. I hope I have the wisdom that I need to do that.    
with the mommy bloggers (sorry guys, this is the most decent photo, haha!) Melisa with my, Berlin at the back and Nheng with the peace sign :D
And lastly, Tet Bugayong, Lancaster Marketing Services Manager, discussed home financing tips. I am blessed to be able to experience this short seminar and I really hope I this isn’t my first and last. I hope that I continue to learn more, little by little and be able to use the things that I learned (and will learn) for my family.

Thanks to Smart Parenting for having us! Get access to vital parenting information and relevant content 24/7, visit www.smartparenting.com.ph, and follow Smart Parenting on Facebook via /smartparenting.ph, @smartparenting on Instagram, and @_smartparenting on Twitter.
This event was co-presented by Lancaster New City and Property Company of Friends, (PRO-FRIENDS) Inc. You can visit their website at www.LancasterNewCity.com.ph or Facebook Page: www.facebook.com/LancasterNewCityOfficial.

"Every child needs a head start on the Basic Laws of Money. Every adult needs to remember how simple the laws are." 
-Rose Fres Fausto

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ABOUT SUMMIT MEDIA
Summit Media is the largest magazine publishing company in the Philippines, with over 20 magazines, 13 websites and counting, book imprints, and a thriving out-of-home business. Today, it has become the leading lifestyle and entertainment digital network in the country. For more information, visit www.summitmedia.com.ph.
Contact:

JEN BOLINAO
SR Media Relations Associate
Summit Media
Mobile: 0917-875-0584 / 0998-840-3080
email: jensine.bolina@summitmedia.com.ph


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13 comments:

  1. I wish we have this kind of seminar when I graduated from college so I know how to invest. Puso save, save lang alam ko dati. Too late na rin nung nalaman ko about investment pero better to be late than never.

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    Replies
    1. Ako sis, need to learn more about it pa rin. Sobrang beginner pa ako pagdating sa mga investments.

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  2. I love talks like this. It helps me with my budgeting and somehow makes me feel a little confident that what I am doing is right. I would want my boys to be financially ready as well and will definitely share with them my learnings from this talk.

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    Replies
    1. Yes Momi, so true! I hope I can also raise my son well when it comes to financial intelligence.

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  3. I like to attend events (seminars) like this because you learn a lot. A lot a people naman talaga are not so much into investing (like me) and attending seminars like this will help us. I wish I could attend one that's more focused naman into investing. Mukhang risky topic kasi un. hehe

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    Replies
    1. Agree with you sis! Nakakatakot talaga risk, pero sabi nila lahat daw, may risk. Pero nakakatakot parin, hehe.

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  4. I havent attended financial workshops or seminars before and Ive just realized that it's important to invest in these things. Thank you for sharing some of the topics here. Really helpful :)

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  5. Isa na nman na miss ko event since na nalipatang baking class schedule ko. I really want to learn p naman about money I am more into spending ang dami ko kc pinag grocery he he he. But two years ago I got an insurance with mutual fund/

    ReplyDelete
    Replies
    1. Oh, that's good sis! Kami wala pa mutual funds at mga investments.

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    2. Magandang start na ung Insurance sis! VUL din ung meron ako sa Sunlife. Planning to have mutual funds too for the kids. Then UITF sa banks.

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  6. Ngaun ko lang nakita pic natin! hehehe :D

    ReplyDelete

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