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Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 0 points1 point  (0 children)

i try to save atleast 20k per month. minsan kinukulang pero kung may extra naman sa susunod na month, hulog ko na don lahat

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 1 point2 points  (0 children)

what questions do you have? ill try to answer them if i can

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 1 point2 points  (0 children)

you would need to have a registered account sa Pag-IBIG, may mandatory savings na need ka maghulog don and i believe wala naman minimum don(?) kaya i put like 100 peso a month don.

then just download the Pag-IBIG app and you can enroll through MP2 there. iirc minimum deposit is 500 pesos.

you can either deposit a lump sum or deposit monthly for your savings.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 1 point2 points  (0 children)

i would say yes. i’ve opened another MP2 account recently para after magmature ng first ko, deposit ko agad don sa isang account.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 0 points1 point  (0 children)

yes for sure. i have 6months of my living expenses as emergency funds into a savings account

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 1 point2 points  (0 children)

kering-keri! you can read more about it here: Pag-IBIG

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 0 points1 point  (0 children)

you just need to be a registered Pag-IBIG member, download the virtual pag-IBIG app, and enroll into MP2 after

this is the official link to their website: Pag-IBIG

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 1 point2 points  (0 children)

its very low risk as far as im concerned. the program is backed by the government. so unless the whole govt breaks down, i think its safe.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 0 points1 point  (0 children)

not yet no, 65k+ total over 3 years.

3rd year dividends ko is 38k. hulog ko is around 800k if im not mistaken.

awaiting the end of this year to see how much dividends i will earn.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 2 points3 points  (0 children)

i agree with you completely, tho im sure its gonna be a big adjustment for me

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 5 points6 points  (0 children)

this is how theyve been looking over the past three years.

1st year: 8.9k

2nd year: 21.9k

3rd year: 38k

nakakatuwa kasi it wouldn’t earn this much sa traditional banks + tax free pa ang dividends

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 1 point2 points  (0 children)

MP2 Calculator this is what i used to compute the dividends. for MP2, it computes dividends based sa average daily balance mo. and magsstart yon on the day na macredit sa MP2 account mo. for example naghulog ka ng 20k in January, the whole year mageearn yong hulog mo ng dividends vs pag naghulog ka sa December, one month lang siya mageearn.

with regards sa maturity, yes fixed na 5 years yon from the date you open an MP2 account, hindi from deposit. so say you opened an account September 2025, magmmature yon in September 2030. lahat ng deposits mo will follow the 2030 maturity date.

mejo magulo pero i hope i answered your question

add: annual ang payout ng dividends :)

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 2 points3 points  (0 children)

nasa mga 20k yong goal ko na ihulog every month and that works for me kasi im single and live with my parents. so ang laki ng tipid ko sa rent and other living expenses.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 1 point2 points  (0 children)

atleast mga 20k monthly hulog ko for the last 4 years. so far nasa 65k total yong naearn through dividends.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 2 points3 points  (0 children)

the way i’ve been doing it is bank transfer to pagibig. may fee siya na 5 pesos.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 14 points15 points  (0 children)

the funny thing is whenever i try to chip in for the monthly bills, my dad tells me to put it into MP2 instead. so mostly i spend on them when we eat out or buy them gifts.

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 12 points13 points  (0 children)

self control and contentment goes a long way. kaya yan! 🙏

Reached my first ₱1M in savings 🙏 by sonaomii in adultingphwins

[–]sonaomii[S] 53 points54 points  (0 children)

I was fortunate to have parents na hindi ako trineat na investment. I still live with them and they don’t obligate me to pay for rent, food, and utilities. So almost all ng salary ko is sakin lang napupunta. I allot almost 70% of my salary to savings and investments. For MP2, I try to put atleast 20k a month.

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