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Fund... from page 4
equals expense”, Every payday, I would immediately set aside the 30% for our TOMORROW fund. Now, setting aside the 30% TOMORROW fund on a regular basis is usually a big challenge since most follow the formula “income minus expense equals savings”. So more often than not, very little, if not none is left for the TOMORROW fund. Strict self-discipline is required! To help me build my TOMORROW fund, I have the bank for my short term savings while for the mid and long term, I use other investment instruments. I bought a number of insurance products for our children’s education and for our retirement as it required a payment/investment schedule and did not give me access to the funds until it’s maturity. Also, I enrolled in the auto salary deduction and transfer facility of our company where a specific amount is deducted from my salary and invested into a mutual fund. I had to do this because I still didn’t have the discipline when I started setting up our TOMORROW Fund. Don’t think that because it’s pandemic you cannot build your TOMORROW fund. Review where your NOW fund is going and you’ll realize that you can have the money for your TOMORROW fund. Don’t think that you need to have a big income or salary to do this. I started with a small amount. What’s good is that we can now easily access savings and investment tools in the market where you can start even for as low as P50 (GCash Invest Money feature). It’s not really the amount, It’s the discipline and consistency that matter. The bulk of our income (70%) goes to the NOW fund. Priority should be on the non-negotiable fixed expenses such as amortization, tuition fees (if you’re paying monthly), rentals, and food. I include food in this list because I can scrimp on other items but not on food. But still, I believe we should have a fixed budget for this. What’s left of the 70% can now be budgeted for the other variable expenses or those which we can control and reduce such as our R&R expenses, utilities, etc. Am sure you have read and used a number of “Tipid Tips” especially during this pandemic so I am not going to touch on those anymore. One red flag though that we have to be mindful of. The current stay home arrangement exposes us to many unnecessary NOW expenses. Those online sales are very tempting, that if you don’t control, you may just find yourself adding more and more items to your cart and paying for those you don’t really need.
How many lipsticks can you really use during this time? Do you really have use for that dress or bag or shoes now that you’re working from home? It’s okay to be a “plantita” as it’s a good hobby and good for the environment. But unless you’ll turn them into a business, let’s not overdo it just to be “in” as we may just end up with wasted money on pots. Alis, do we really need both cable and Netflix? Or can we have just one for now? What if instead of spending on these non-essential NOW expenses, we use the money to build our TOMORROW fund? Times are challenging as it is! Not a few are in a very tight situation nowadays because, during the “good times” when income was there, they put everything on the NOW fund. Things would have been much easier if only they have their TOMORROW fund at their disposal. Don’t fret. Remember, it’s never too late to budget wisely your NOW to build your TOMORROW!
Saving... from page 4
(PHILGUARANTEE) for the latter’s MSME Credit Guarantee Program to bolster its capacity to provide loans for the purpose of mitigating the impact of the pandemic on MSMEs. This partnership has granted BPI a combined guarantee of P6.5 billion, with P5 billion allotted to BPI’s Business Banking segment and P1.5 billion for its microfinancing arm BanKo, to help MSMEs recover. The program hopes to encourage lending banks to continue releasing loans, by mitigating the risk of banks via partial guarantee against credit losses in the event of non-payment of MSME loans. The 50-50 risk sharing agreement puts banks in a better position to help more MSMEs dodge the impact of the pandemic. Earlier, BPI pioneered in the issuance of social bonds – the COVID Action Response Bonds or CARE Bonds. The public’s reception to the bonds was overwhelming. While initially, BPI planned to raise only P3 billion, the final issuance reached a total of P21.5 billion. That’s a lot of resources to finance and refinance qualified MSMEs. Quote of the week
Wed-Thu, September 16-17, 2020 “I think we have a golden opportunity to actively shape the future that is fast approaching. Leading through the unknown requires reimagination guided by the many signs and clues all around us. And if we listen, we use data and we get a pulse of how things are changing, the world becomes far less uncertain and we start to see ways that we can begin to shift and change.” Jaime Augusto Zobel de Ayala, 5th AyalaFINEX Summit, September 9, 2020. Note: You may wish to share the foregoing via Facebook, Twitter or Linked-In.
Hilux... from page 24
are t he bi - b e am L E D headlamps and LED rear combination lamps with line guide, and sports bar with LED lamps. The tailgate gets the signature Hilux branding, with an over fender garnish and Conquest decals on both sides of the cargo bed. The deck space offers plenty of cargo room with tail gate assist and bedlinerfor Conquest variants. Full Control in Every Adventure Ingress is smooth and easy with keyless entry available for Conquest, G, and E grades, with Conquest variants getting Smart Entry and Push Start System. All three grades also have power adjust with auto fold for side mirrors and speed-sensing door locks. Get full control when taking on any road with easily accessible information on the 4.2” TFT multiinformation display, and easily accessible controls with the steering wheel switches and Apple CarPlay/ Android Auto compatibility for Conquest, G, and E grades. Enjoy an easier drive with Cruise Control for Conquest variants. Tougher Performance The New Hilux 4x4 variants are powered by 2.8L 1GD-FT V engine which gives 201 HP (204 Ps) max output, 500 Nm max torque for the AT variant, and 420 Nm max torque for the MT variant with Intelligent Manual Transmission. Meanwhile, the 4x2 Conquest, G, and E variants gets the 2.4L 2GDFTV engine with 148 HP max output, and 400 Nm max torque. Both the 1GD and 2GD engine are improved for the MC Hilux and enjoys
4-5% improvement in fuel efficiency versus the previous generation Hilux. Safety in Every Drive Toyota puts utmost priority in safety to guarantee the driver’s and passengers’ peace of mind. All three grades come with SRS airbags (7 for the 4x4 Conquest A/T variant), 3-pt. ELR seatbelts, AntiLock Brake System with Brake Assist and Electronic Brakeforce Distribution, Vehicle Stability Control, a n d Hi l l - St a r t As s i s t Control. Conquest 4x4 variants also have Downhill Assist Control and Active Traction Control. Clearance sonars are available for Conquest while back sonars are available for G grades, and the reverse camera is available for Conquest variants. Reliable and Hardworking The Hilux is designed to take on the toughest tasks, not just for adventures but for work and business as well. Aside from Conquest, G and E grades, TMP continues to offer the Hilux J in 4x4 and 4x2, Cab and Chassis, and FX for its fleet and business partners. In addition to this, TMP is also introducing the Hilux Cargo –a rear seat-less, windowless, and more affordable variantpowered by the same 2GD engine. The new Hilux Cargo is specifically designed for the more demanding needs of mobilizing goods and services. Pricing The New Hiluxwill be available in all of TMP’s 70 dealerships across the country by September 14, 2020 for the Conquest, G, and E variants, while the Hilux Cargo variant will be available on October 26, 2020. The New Hilux is also available for safelydistanced viewing in our virtual showroom. Get the full dealership experience online and check out the Hilux product highlights, view the interior and exterior in 3D, calculate payments, and submit inquiries direct to any preferred dealer via https://toyota.com.ph/hilux.
Host... from page 1
are helping not only the restoration of the education sector, but also helping the restoration of jobs and the economy for the region and for the country,” said Hon. Leonor M. Briones, DepEd Secretary.
Close to P20 million in pledges were noted from some major businesses and non-government organizations. These institutions have committed to provide hygiene kits, handwashing facilities, workbooks and other school supplies, as well as connectivity or internet solutions. The DepEd-X will stage the regionwide forum to orient parents and guardians on the new learning landscape in the last week of September 2020.
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true, the city government will file appropriate charges against the law enforcers involved and work for their dismissal in service,” Moreno said.
Assumes... from page 1
uphold the gains of his predecessor and vowed to reinvigorate further the mandate of PHIVIDEC Industrial Authority as the premier investment hub of Mindanao. PHIVIDEC-IA manages, administers, and supervises the 3,000-hectare Phividec Industrial Estate in Misamis Oriental (PIE-MO). PIE-MO, a governmentcontrolled corporation is located in the municipalities of Tagoloan and Villanueva in Misamis Oriental. PIE-MO is one of the country’s largest industrial estates. La Viña is an alumnus of the Ateneo de Manila University (ADMU), graduating Magnan Cum Laude with a degree in Philosophy. He holds a Master’s degree in Entrepreneurship (Superior Performance) from the Asian Institute of Management. In June 2017, La Vina attended the Leaders in Development Program in John F. Kennedy School of Government at Harvard University. He spent more than three decades in private firms in various industries, including real estate, cooperative banking, automobile sales , supply chain management, music entertainment, among others. One of Duterte’s staunchest supporters, La Viña served as the Social Media Director of his presidential campaign and was also a member of the Media Central and Communications Group. As Composer/Arranger/
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Record Producer, he was responsible in the production of the video “Duterte Para sa Tunay na Pagbabago” performed by Freddie Aguilar. He helped craft Duterte’s social media strategy for the presidential campaign. La Viña had served as SSS Commissioner where he chaired the Investment Oversight and Media and Communications Committees and was a member of the IT and Risk Committees. He also represented the SSS as Board Director of Philex Mining Corp and Philex Energy Corp. He also had a short stint as the DOT Undersecretary assigned to oversee the Regional Offices, China Foreign Offices, Ecotourism, Farm Tourism nd Faith Tourism. La Viña was also appointed Undersecretary of the Department of Agriculture where he served as Chair of the Honorary Advisory of the Belt and Road International Food Expo in Hongkong.
DILG... from page 9
provincial health offices mas kahibalo sila kung asa ibutang ang contact tracers (Because the local government units and city or provincial health offices have more knowledge on where to assign the contact tracers)," Agabe added. DILG-10 urges college graduates on allied medical or criminology courses to apply as contact tracers in the region with about P18,784 monthly salary. Interested applicants may email their letter of intent, personal data sheet, National Bureau of Investigation (NBI) clearance, and drug test result to the nearest DILG provincial/ city office in their area. Individuals with skills on interviewing, health assessment and public health education are highly encouraged to apply. (RTP/PIA10)
