How to Pay your Sun Life Premiums using Security Bank's Online Payment

Hello everyone. :) Here are the steps on how to pay your Sun Life Policy Premiums online. 

Please follow these easy steps below:

1. Open Security Online Website: 

2. Enter your Username and Password, then click Login.

3. Hover your mouse to Payments & Transfers. Select Pay Bills.

4. From the Drop Down, select New Biller. 

Biller - Sun Life of Canada

Product - Sun life of Canada

Subscriber Number / Card Number / TIN - Policy Number 

Tick the Add to My Favorites   if you want the Payment Type to be added on your Favorites. 

4. Enter the desired amount to be transferred. 

5. If you have multiple accounts with Security Bank, select the account you want to use. (You may view your balance first to check if you have sufficient funds under that account.)

6. Select the desired Schedule of Payment:

Immediate - If payment will be processed today. 

Post-dated / Deferred - Select the desired date that your account will be billed. 

Recurring - For Automatic Debit. Please don't forget to select the Frequency (Daily, Weekly or Monthly), Start Date and Number of Payments. 

7. Don't forget to click Submit. :)

Still having trouble using the Security Bank Online Payment? Text or call me at 09228550087. 

FREE yourself from DEBT

When you are in debt, getting out of it seems impossible. 2 in 10 Filipinos don't think they'll ever pay off what they owe.

Let me share these steps to help you put a part of your money to pay for your debts every month - while still living the kind of life you want.

Can you taste the freedom?

1) Know What and How Much You Owe

This may sound easy, but this can be the hardest part. Admit it, kapag ang taong nagpautang sa atin e nahihiya naman tayong singilin, we opt to forget na meron tayong inutang. :-) 

After you've tallied up your total debt, make a "cash-flow calendar". 

What is a Cash-Flow Calendar?

 -  It is used to track how much money is going in and out of your accounts, and when. When do you get your paycheck? How much is your monthly salary? What and how much are your monthly expenses?

2) Follow the 10×10 Rule

I recommend following Cunningham's 10x10 rule. 

If you could shave PhP200 off 10 disposable spending account, you'd never miss it, never feel it, never feel deprived. Imagine having another PhP2,000 every month. 

"Little money adds up to your big money."

3) Keep your Credit Cards - Use Cash

According to the Statistics, when people shop using credits cards or gift certificates (ex Sodexho, Gift Cards, etc), they are more likely to make big purchases on expensive items because they feel like they're not using money.

If you cannot control your spending habits using your credit card/s, I'd say cut out that plastic card. 

By using cash instead of  Credit Cards, you create a heightened sense of awareness. You are more contemplative, and you realize that you're going to pay for things that are not so important using your hard earned money. 

4) Ask for help

If you can’t stop taking on debt or are really unable to make payments on what you owe, you may need professional help. Financial advise can be especially useful if you’re struggling with Government Loan Debts, Credit Card Debts and Medical Debt.

Good luck!

Financial Wellness Session in HP (2nd Year)

Last April 15,2016,  our team in Sun Life comducted a FREE Financial Wellness - 3hr Basic Money Management in HP (Hewlett Packard) in IPC Taguig. Because we had a lot of participants for that session, we invited a Financial Advocate Speaker - Mr. Aya Laraya. 

Who is Mr. Aya Laraya? 

Ever heard of Pesos and Sense? 

PESOS AND SENSE started as a TV show in September 2011 on GMA News TV (11). It was a weekly Sunday morning show that tackled personal finance and investments, simplifying it to a more approachable and doable sense.

The show was hosted by Investment Advocate Mr. Aya Laraya who has 25 years of finance and investment experience. He is a Certified Securities representative, a Certified Investment Company representative, a realtor, and a writer with an MBA from University of Western Australia. He started his stint in the stock market as a simple runner for the old Philippine Stock Exchange. On top of being a licensed stockbroker, he gained relevant experience from other industries such as mutual funds, real estate and banking. He also shared his financial wisdom with the youth as a professor at the Ateneo de Manila University.

For 3 hours, he was able to discuss everything they want to know about Insurance and Investment. Aya Laraya is like a One Stop Shop. You can ask him everything and he can answer it right away for you. How to invest, how to get out of debt, how to preserve your wealth and estate, importance of insurance, etc. We received a lot of good feedback from the employees after the talk. 

Thank you again HP for this opportunity. 

Having problems with retention? One of the reason why employees tend to jump ship is because they want a higher salary - but when they get a higher pay, their expenses go up too. It's because they don't know how to manage their finances. Financial Literacy can help them. We as Licensed Financial Advisors and Financial Literacy Advocates can help you - for FREE.

Text or call me HOW.

0922-855-0087

877-6380

Be THRIFTY! DIY treats for our loved ones.

Hubby and I started giving homemade stuff as a gift since Christmas 2010; But most of them were food since hubby loves to cook. Last year, hubby attended a Soap Making workshop. So, we thought, why not give Homemade Organic Soap instead. =)

Anything that comes from the heart is the best gift anyone can receive on Christmas anyway.

The main reason why hubby attended the workshop was because we didn’t want to buy commercialized soaps anymore as they contain harmful ingredients such as alcohol, AHA’s, aluminum,animal fats,etc.

Hubby only uses natural ingredients to make sure that it will not irritate anyone’s skin.He made 4 kinds of soap – Coffee Soap, Tea Soap, Beer Soap and Antibacterial Herbal Soap.

Here are the benefits of each soap that hubby made:

Why Coffee Soap?

Benefits:

One of the best benefits of coffee soap is that it reduces the risk of skin cancer. If used as a hand soap, it works great in removing kitchen odors from your hands (onions, garlic, fish smells,etc). The coffee that hubby made contained coffee grounds that exfoliates your skin. If used on face, this will help get rid of small lines, wrinkles and rosacea. (Note: Since the soap contains coffee grounds, do not scrub the soap directly to your face).

Why Tea Soap?

Benefits:

This can aid the treatment of skin conditions such us acne, cuts, scars and dermatitis. My 3 year old toddler always gets bruises and cuts that turn into scars because of overactive playing. I read from a GT forum that tea bath can treat them faster. Tea is actually a natural antiseptic. What I did before as I soaked 1 tea bag in his bath water for an hour. So hubby thought, why not make tea soap instead. The Tea soap contains tea leaves from the tea bags but has a smoother texture than the coffee soap; so this can be scrubbed directly on the face. This Really helps get rid of those blackheads. Of all the 4 soaps, this one is my favorite.

Why Beer Soap?

Benefits:

Beer is made of HOPS. Hops is known as a relaxing herb. It also soothes irritated skin and contains skin-softening amino acids. The only thing that I don’t like about this soap is it’s smell. I really don’t like the smell of beer. But I think beer drinkers will love this soap. =D

Why Anti-bacterial Herbal Soap?

Note: The 3 main ingredients of this soap are Guava leaves,Malunggay leaves and Gotu Kola.

Benefits:

Malunggay – Both guava and malunggay (moringa) have anti-bacterial properties. I remember when I was a child, whenever I have a wound/cut, my mom would get malunggay leaves and squeeze the juice out off it directly to the wound. They used it as a betadine-substitute. Malunggay also rich in anti-oxidants; This will help reduce the appearance of wrinkles and fine lines.

Guava – As I mentioned above, guava also has anti-bacterial properties. It is one of the main ingredient of the ever popular antibacterial soap “Safeguard”. According to an Australian PHD student reasearch, guava leaves can be used as a medicine. It can be used in treating acne, blemished skin and other skin problems. Guava is also known to help get rid of body odors (underarm, foot,etc). If you have body acne, blackheads, fungal infection and other skin problems, this soap is the solution to your problem.

Gotu Kola aka Yahong-Yahong in Hiligaynon

Benefits:

If taken orally, this herb aids those with problems with anxiety, mood disorders and varicose veins. Some researchers also say that they help prevent cancer. There are ointments that contain Gotu Kola, which are believed to treat wounds and other skin problems.

To make the soaps look presentable, I was in charge of the packaging.

We hope that everyone who received these hand-crafted soaps enjoyed them. =)

Beat the Summer Heat without your Bills Soaring High

It’s summer time! And it’s getting humid again. To cool ourselves down, we rely on air conditioners and electric fans; not realizing that by the end of the month, our electricity bills soars high.

Here are some ways on how to tame down your energy consumption during the season.

Laundry

-Stop using the dryer and use the sun’s heat instead.
-Avoid ironing your clothes (if not necessary)
-Use a good shape of hanger in drying your clothes. Shake the wrinkles out and set the collars.
-Use fabric conditioner  and smooth out the wrinkles before hanging the clothes.
-Once the clothes are dry, carefully fold them and pile them on top of each other.

Air Conditioner

-Should be placed on a shady spot; it uses 10% more electricity when placed under direct sunlight.
-Keep hot things (lamps, television, etc) away from the air conditioning – air conditioner works at full capacity if there are hot things nearby.
-Clean the air filters regularly.
-Purchase an air conditioner with Inverter Technology rather than the conventional type; It uses up to %50 less electricity.
-Get the right-sized air conditioner for your room.

Refrigeration

-The more frequent you open your fridge, the more heat that goes in; And it generates more electricity consumption.
-Make a lot of ice instead; Place it in a small container/cooler.  Place your bottled water/drinks there to cool.

Cooking

-It’s better to cook your food outside using  charcoal instead of a stove – to lessen the heat inside the house.

In the province, we have a dirty kitchen outside where we have a Charcoal  Stove that we use for cooking instead of  Gas Stove

-Because it’s hot and the weather is dry, it’s easy for the charcoal and firewood to ignite.
-Charcoal cooking is less expensive than cooking in a gas stove and food tastes a lot better.
-It’s best to use a microwave to heat small portions of food.

Lighting

– Use (CFL) Compact Fluorescent Lamps instead of Incandescent Lights. Saves up to 75% more on electricity.

Compact Fluorescent Lamps

Incandescent Lights

I hope these few steps will help everyone to enjoy summer without having skyrocketing electricity bills by the end of the season.

Do your grocery shopping - WISELY!

These days,it’s getting hard to maintain your budget for your groceries because prices are going up. But this doesn’t mean that we will just wait for the market to lower down the prices. We, as a buyer should do our own way to cut down our expenses and make sure that our hard earned money are used wisely.

Most of us enjoy going to the supermarket that most of the time, we end up buying a lot of unnecessary things. It’s time to control down our spending habits. 

Below are the tried and tested tips that may help you trim down your grocery expenses.

• CREATE AN INVENTORY – Always make it a habit to check your stocks before heading the grocery. Make sure to check your fridge or your stash on what needs to be replenished. Knowing exactly what you need will prevent you from overbuying. Remember, perished goods are money wasted. 

Always check and take note of what needs to be replenished.

• GROCERY LIST – List down all the things that you need to buy. It will help you much better if you group it based on what type of items are they ex(milk, baby shampoo,toothpaste for kids,etc). Remember – DO NOT BUY THINGS THAT ARE NOT ON THE LIST. 

This is really a MUST before heading to the grocery.

• LOOK FOR SALES AND SPECIAL OFFERS – Most supermarket offers discounts and special offers. Take advantage of it but make sure that you don’t overlook the quality.

 

• BUY STUFF IN BULK – Buying things in bulk will save you money. I suggest to buy the ones that are not perishable (toiletries, detergents, toothpaste,etc). You may also buy stuff in big sizes. I assure you, it’s a big savings. :) 

• AVAIL THE MEMBERSHIP CARDS – Most, if not all membership cards have freebies so take advantage of it. Ask your favorite Supermarket on how to avail it.

 

• DON’T BE SHY TO BUY THE STORE BRANDS – Surprisingly, these cheap store brand items will help you with your budget but won’t disappoint you. 

It’s still a must to check the information at the back of each product especially the Expiration Date.

There you go… Happy Shopping. :) 

Who Needs Life Insurance?

If someone will suffer financially when you die, chances are you need life insurance because it provides cash to your family after your death.

This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding. What’s more, there is no federal income tax on life insurance benefits.

To help you understand how life insurance might apply to your particular situation, we’ve outlined a number of different scenarios below.

You’re Married

Many people mistakenly believe that they don’t need to think about life insurance until they have children. Not true. What it one of you died tomorrow? Even with your surviving spouse’s income, would that be enough to pay off debts like credit card balances and car loans, let alone cover the monthly rent and utility bills? If you’re planning to have children, you’ll want to buy life insurance now instead of waiting until pregnancy—some companies won’t issue policies to pregnant women.

You’re Married With Kids

Most families depend on two incomes to make ends meet. If you died suddenly, could your family continue meet all their financial obligations—from paying rent or the mortgage to daily living expenses? Could your family continue their standard of living on your spouse’s income alone? Would their plans for the future—like college stay intact? Life insurance makes sure that your plans for the future don’t die when you do.

You’re a Single Parent

As a single parent, you’re the caregiver, breadwinner, cook, chauffeur and so much more. Yet nearly four in 10 single parents have no life insurance, and many with coverage say they need more than they have. With so much responsibility resting on your shoulders, you need to make doubly sure that you have enough life insurance to safeguard your children’s financial future.

You’re a Stay-At-Home Parent

Just because you don’t earn a salary doesn’t mean you don’t make a financial contribution to your family. Childcare, transportation, cleaning cooking, and other household activities are all important tasks, the replacement value of which is often severely underestimated. With life insurance, your family can afford to make the choice that best preserves their quality of life.

You Have Grown Children

Just because your kids are through college and the mortgage is paid off doesn’t necessarily mean that you no longer need life insurance. If you died today, your spouse will still be faced with daily living expenses. Would your financial plan, without life insurance, enable your spouse to maintain the lifestyle you’ve worked so hard to achieve now and into retirement?

You’re Retired

Depending on the size of your estate, your heirs could be hit with an estate-tax payment of up to 45% after you die. The proceeds of a life insurance policy are payable immediately, allowing heirs to take care of these taxes, funeral costs and other debts without having to hastily liquidate other assets, often at a fraction of their true value. Life insurance proceeds are also generally income tax free and won’t add to your estate tax liability, if properly structured.

You’re a Small-Business Owner

Besides taking care of your family, life insurance can also protect your business. What would happen to your business if you, one of your fellow owners or a key employee died tomorrow? Life insurance can help in a number of ways. For instance, a life insurance policy can be structured to fund a buy-sell agreement. This would ensure that the remaining business owners have the funds to buy the company interests of a deceased owner at a previously agreed upon price. That way, the owners get the business and the family gets the money. To protect a business in case of the death of a key employee, key person insurance, payable to the company, provides the owners with the financial flexibility needed to either hire a replacement or work out an alternative arrangement.

You’re Single

Most single people don’t need life insurance because no one depends on them financially. But there are exceptions. For instance, some single people provide financial support for aging parents or a sibling with special needs. Others may be carrying significant debt that they wouldn’t want to pass on to family members who survive them. Insurability is another reason to consider life insurance when you’re single. If you’re young, healthy, and have a good family health history, your insurability is at its peak and you’ll be rewarded with the best rates on life insurance.

Don't just save! INVEST!

I have 2 questions for you…

1. HOW DO YOU SAVE?
2. DID YOU BEAT INFLATION?

My husband and I started to focus on wealth creation and financial independence when we had out first born. I wanted him to have a simple yet comfortable life… And I told myself that saving is not enough because of the yearly inflation. I have to look for a tool that would help my money grow bigger.

And for that, let me share this to you.

Let’s assume that you earn P15,000.00 a month @ age 29. Assuming that you are still single, and you get to save P77.00 per day.

1. PIGGY BANK

Let’s assume that you get to save a total of P2010 per month. By the time you reach 36 years old, you will have P168,840.00. 

Now the question is how many piggy bank would you need for 36 years. And did you beat the inflation rate? Let’s say it’s 3% every year. You think the value of your money will still be the same after 36 years?

 2.  BANK

Let’s still assume that you will set aside P77.00 per day for a monthly savings of P2010.00.

If you save your money in a savings account here’s the most updated Interest Rate from http://philippines.deposits.org/

And here’s the Interest for a Time Deposit

Assuming that you have a total of P24,120 savings in a year with the Interest your money will gain from P603-P3000 per year.

According to http://www.tradingeconomics.com/philippines/inflation-cpi, the Inflation rate in the Philippines was recorded at 2.40 as of January 2015.

Now, with the interest of .0250-1.25% when saving your money in a bank, you think you beat the inflation?

3. 29 year old Male bought P500,000.00 + P500,000.00 Accidental Death Benefit VUL (Variable Universal Life) with benefits @ Sun Life Financial. 

According to historical data from Sun Life, the average annual compounded return from 2005-2014 for Peso Equity is 15.28%.

Let’s just assume that the interest will range from 4%, 8% and 10%. Sample Illustration below:

***The savings can be withdrawn anytime as the need arises

***Financial Security that your family can get if anything happens to you

Now, do you still want to save? Or INVEST? You decide.

Talk to a Licensed Financial Advisor your a FREE Consulation and your own Computation. 

Call : 877-6380 and 0922-855-0087

Insurance 101

"So many people spend their HEALTH gaining WEALTH and then spend their WEALTH to regain theirHEALTH “

A.J. Reb Materi

When you say insurance, Filipinos seem not comfortable talking about it. They get intimidated, they think its complicated and it’s only for the rich and famous. Being insured means securing your family and loved ones future. You work hard to earn money to give a good life to your family; but what happens when you get out of the picture? What will happen to your family?

I admit that there was a time in my life when I never wanted to discuss anything about insurance. I thought that by getting an insurance policy ,  I’d die sooner. (Stupid thought I guess). It took me a while  before I warmed up to the idea of buying a life insurance policy. I guess it was not explained thoroughly to me or I was just not open about it. It took me a while before I realized its purpose and why it was important.

Term Insurance were common before, but now, people prefer the Variable Life Insurance or what we commonly call – VUL. It’s a mix of insurance and investment depending on the policyholder’s choice and investment risk appetite.

Nowadays, we’re lucky that we have a lot of Insurance options to choose from; whether it’s something with endowment, with investment, one time payment, regular payment , etc.

If you’ve yet to get your first insurance policy, or have never spoken to a Financial Advisor, your own apprehension may stem from inaccurate or misguided ideas about insurance.

Don’t just listen to other people telling you myths about insurance. Don’t let those false information stand between you and  financial security.

Talk to a Licensed Financial Advisor instead. They’re licensed for a reason. Consultation is FREE so there’s really nothing to lose.