The true purpose of education is to ensure that children have what they need to be successful in life. – Janine LaTulippe
Now that Isha officially started her Kindergarten, we now have two school girls. Yaaay! Kaya naman aside from making memories with them that they will carry into adulthood, we make sure that we provide their needs, and sometimes wants na din. We want to give our children the best quality of life. Kaya ngayon pa lang we budget our finances so we can prepare for their future – including college funds.
With our current situation, as parents who wants to give their children a brighter future, ngayon pa lang dapat naghahanda na tayo, d ba? And alam natin na part ng paghahanda e mabigyan ng magandang education ang ating mga anak. Mabilis lang ang panahon hindi natin mamamalayan college na sila. Waaah! Sa totoo lang kahit anong higpit mo sa sinturon, need mo din magkaroon ng extra income dahil nakakalula na ang presyo kahit sa mga basic needs natin. Pero alam namin ni hubby na need namin mag prioritize, paghandaan at pag-ipunan ang kinabukasan nila. Ayaw naming maging hindrance ang lack of money para hindi nila ma-attain ang pangarap at ambition nila. Si Isha nga kapag tinatanong na namin what do you want to be when you grow up laging bigatin ang sagot – doctor, lawyer, chef. Haha! I know madaming magulang ang relate dito. Kaya naman we always look for ways to save. Alam nating lahat that college tuition fees are expensive, at every year tumataas pa ito. Para makasiguro na may sapat tayong ipon para hindi na tayo mamroblema pagdating ng college, ngayon pa lang umpisahan na natin mag-ipon.
Anyway, since we all know that sharing is caring, excited ako to share etong recent discovery namin that will help us invest and grow our money. There’s A better way to reach and protect your child's dreams - Singlife Philippines developed Cash for Goals (Education) to help parents prepare for education expenses.
Very convenient ang Singlife. Why? Kasi we can have access to it anytime, anywhere thru our mobile devices by using GCash. Ang hassle-free, d b? The purchase experience is designed to be informative, user-friendly, and transparent so that parents can learn how the product works and make a purchase in just a few minutes.
Singlife has made investing for a child’s college fund budget-friendly. Initial investment starts low at only Php 2,500 and additional investments can be as low as Php 500/month. And it’s easy to stay consistent with monthly investing as funds are automatically deducted from the parent’s GCash account for convenience.
Through Cash for Goals, the parent’s money is invested in the Singlife Smart Investment Fund - a peso-denominated investment-linked fund that aims to earn more than traditional savings accounts by primarily investing in a mix of Philippine fixed-income and equity classes. The fund is managed by ATRAM, one of the country’s leading asset management companies.
Ang maganda dito, whatever happens to the parents, Cash for Goals (Education) also ensures that the child has money for college in case anything unfortunate happens to his/her parents. If the parent investing in the child’s college fund passes away, Singlife will ensure that the target amount is available for the child by the time he/she enters college.
What we like about Singlife is that sobrang budget and pocket friendly for every family. We can invest for as low as Php500 a month, after the initial investment of Php2,500. And kapag may time na may dumating na emergency at need mo mag withdraw, they can do so without any fees or charges at any given time.
“As parents, we want to provide all we can for our children to help them reach their big ambitions and education is key to that. It is better to start as early as possible to avoid being confronted with the high cost of education when the need is already there and when our budgets might be constrained. To help parents be ready, we created ‘Cash for Goals (Education)’ and give them a better way to plan, save and grow funds for their child’s education,” says Rien Hermans, Singlife’s CEO.
Cash for Goals (Education) is the first unit-linked investment product offered by Singlife Philippines. The company develops products that help customers plan, save, and invest for their financial future.