Let's Start the Year Right | Personal Finance

January 04, 2022



This is just a continuation of my previous blog regarding prepaid cards since I will be talking about more on my newly opened savings account or more likely about personal finance.

You can check my blog here: How To Survive Buying In Online Shop Without Having Credit Card?

ACHIEVEMENT UNLOCKED

NCT Dream's song 'Hello Future' really inspired me to make a move and start planing for my personal finance this year, 2022.




In the past few weeks, I've been watching and reading stuff about finance. Like personal finance, how to save your money and also something about investments. Wow! Take note this is not me during my early 20s but right now it really made me think why I haven't started saving up for my future and also why I always buy things like crazy.  What a big spender of money am I. 

2022 - the year to make things right. Let's do it self! I personally opened (take note opening it online - no hassle) additional 3 digital banks which I will be mentioning on the latter part of my blog. I read a lot of reviews about this 3 digital banks and the interest rate was no joke compared to my existing savings account in BDO and BPI. Oh! And before I forgot I also opened an account with PagIBIG MP2 Savings and will start to deposit this month (January 2022).

Why? or what is the reason behind this thing?

I was inspired by Nicole Alba on Youtube like, she was just young when she started about personal finance but here I am so near in my 30s (not really - just advance thinking hahaha), doesn't have enough savings for myself. Thank you also for tips and also for sample finance tracker because of that I even created my own finance tracker and I felt so happy and I really think that it can help me in the long run.

Since I am big spender when it comes to KPOP albums/merch (yes! and somehow I regret buying some of that right now), it really made me think if this can really help me on my future or not. So this year, I will be limiting myself when it comes to buying albums and merch. I mean, I am not stopping it all at once but I'll make it lesser, for example one album in every two months and I think it's not bad since in the past I used to buy all versions like 3 albums or more in a month hahahaha OMG! 
Just a disclaimer, I am currently employed and all of my expenses with albums/merch comes from my income whenever I have extra.

"No matter what age you are, if you are alive, it's never too late to start something new, accomplish your goals and amaze the world." (credits-letsbemerry.com)


So let's get into the topic. Money, money, let's make more money.


WHAT IS DIGITAL BANKING? 

"Digital banking is the digitization of every level, from front- to back-end, of banking. This means that digital banks rely on artificial intelligence to automate back-end operations such as administrative tasks and data preocessing - which in turen alleviates pressure put on employees to complete day-to-day tasks."

Banks that I recently opened an account are:

1. ING Bank


- 2.5% interest rate p.a. - ING is a global bank with presence in more than 40 countries, serving more than 38.4 million customers worldwide. Globally known as a pioneer in branchless banking, and have been operating in the Philippines since 1990 and have a universal banking license that they can offer retail and wholesale banking services in the country.
- No minimum opening balance, no lock-in period, every peso earns interest and no minimum daily balance required.
- For more information you can check their site here: ING Bank FAQs

Opened my ING Save account: 12/24/2021
Approved: 12/28/2021
Opened my ING Pay account: 12/28/2021
Requested for physical debit card (you can check it on their app): 12/28/2021
Delivered at my house: 1/3/2022
How I cash-in: Currently I'm using my GrabPay wallet to transfer money since it's for free. From BPI to GrabPay and from GrabPay to ING Bank. If you know some alternatives to cash in to ING Bank for free please leave a comment below.

* No fees will be collected upon the delivery of your card -  in short it's for free.
* Sign up now! Check this for more details on how to open an account with ING: How to Open an Account with ING? 



2. GSave


- 2.6% interest rate p.a - GSave is a bank account built by CIMB Bank and GCash. It is the first-ever bank account you can open and maintain straight from your GCash app. 
- No initial deposit, no maintaining balance, no lock-in period & no hassle-in moving funds to and from your GCash wallet.
For more information you can check their site: CIMB FAQs

Opened my GSave account: 12/28/2021
Approved & Verified: 12/28/2021
How I cash-in: From GCash app, just go to GSave tab and tap Deposit. Please make sure you have an available balance on your GCash.

* Start saving now! Check this for more details on how to open an account with GSave: How to Open an Account with GSave? 



3. Tonik


- Tonik is the first neobank in the Philippines. As a neobank, access to the banking products and services is conveniently at the palm of your hands through the Tonik App. They operate on a fully digital platform which means unlike other brick-and-mortar banks, they are not limited within physical branches.
- 1% interest rates p.a (savings account) | 4% interest rates p.a (stash account) | 6% interest rate p.a (time deposit account)
- No initial deposit, no minimum balance is required to earn interest
For more information you can check their site: Tonik FAQs

Opened my Tonik account: 12/27/2021
Approved & Verified: 12/27/2021
Opened solo stash account: 12/28/2021
How I cash-in: At first I used my GCash to deposit but it has a transaction fee of 25php but now I'm using BPI direct and it's for free, just connect your BPI account with Tonik and that's it.

* Save now and earn! Check this for more details on how to open an account with Tonik: How to Open an Account with Tonik? 

* Get ₱60 when you sign-up, verify and top-up using this code “ TO91BPB

And that's all regarding with my newly opened savings account. Hope it can helps you choose on where to save your money.


Earning money doesn't mean you need to focus on just one area, just like your full time job. You should also consider other aspects for you to grow your money. For example, by doing side hustles, building a business and also by doing investments.  
As for me, I do have a business but it's more likely a side hustle. We are selling KPOP albums/merch which we bought directly from South Korea and it is 100% authentic/legit. You can check our social medias for more information:

But I will be talking more about investment since I am so curious on having more than one as long as I can provide a great capital and I need to be ready because we'll never know what can be the risk on having an investment.


What is investment?

Investment or investing means that an asset is bought, or that money is put into a bank to get a future interest from it. Investment is a total amount of money spent by a shareholder in buying shares of a company. (Source: Wikipedia)



Let's now talk about Pag-IBIG MP2 (Modified Pag-IBIG 2) savings on why you should start investing your money here. Since I am also new to this, I will just put some links that can help you to decide whether you will also open an account with them or not.





What is Pag-IBIG MP2 Savings?

The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings, The program is also open to pensioners and retirees who were former Pag-IBIG Fund members.
- For more detailed information, kindly visit this site: Pag-IBIG MP2 Savings


To open an account with MP2, click this: Modified Pag-IBIG 2 Enrollment
Where to pay your Pag-IBIG funds? Payment Facilities
For more questions regarding MP2 Savings, kindly visit this site: MP2 Savings FAQs


All of the links provided will help you from how to open an account to how you can earn dividends and also where to pay your funds.

I am also planning to invest on GInvest which  you can find on your GCash app and also in SeedIn but since I'm still researching more about those two, I will just update you guys on this blog once I started investing to them. 

Investment is really a risk so we should know more about the things revolve around it and to where we should  invest our money. And be prepared also for the outcomes of your investment/s.






To be updated..

I hope this blog can help you also to start doing personal finance for this year 2022 and for more years.
If you have any questions, don't hesitate to leave a comment down below.


** I am not paid or compensated to write this post. All posted in here are 100% of my own opinion. All items featured in this post are purchased through my own means unless stated. See more information at DISCLAIMER.


Thank you for dropping by!

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xoxo,
Lazy Orlov

The Sunday Currently Vol.6

January 02, 2022

 





January 2, 2022

Woah! It feels like I need to be active again on writing with my 'The Sunday Currently 'series. Oh God! I really miss this big time. 

reading blogs about finance, most likely about investments and also how to save money, just to start the year right. Hahaha!

writing an update for my The Sunday Currently blog that felt kinda old school but I totally like this thing and I also have a free time right now that's why I am back here talking like whatever I want. Okay? haha!

listening to Demi Lovato's 'Dancing with the the Devil.. The Art of Starting Over' album.

thinking on how to be productive during my rest days since I am still working from home or I must say thinking on how to get an extra income to save more for my future.

smelling nothing, just the smell of my small room hahahaha!

wishing still for good health of my family and friends, also for all the people that I know. And wishing for better future.

hoping that this pandemic crisis will end, until now this is what I hope for.

wearing my every day sleepwear clothes, because it's already 3PM and I haven't taken a bath just for today.

wanting peace of mind and please no more stress in life, I really hate it!

needing something that can help me in life but I don't really know what that is, so yeah.

feeling LOST! Just kidding! It feels great to welcome another year with happiness and good health, as always.



*Special thanks to the one who started this kind of series. Sunday Currently blog series was originally created by Siddathornton. Love yah girl!


Thanks for dropping by!
See you again soon on my Sunday Currently blog series! 


Support on buying me a coffee? 

: https://ko-fi.com/thelazyorlov


xoxo,
Lazy Orlov

Review: KTOWN4U

August 01, 2020




Hi lazies! It’s been years since I pre-ordered an album on a Korean site. Today I’m gonna do a review with Ktown4u since it’s my first time to order here. Okay, let’s start!

I created an account beforehand on Ktown4u last July 2. And on the same day I pre-ordered an album which is ‘Monster’ of Red Velvet - Irene & Seulgi. 


I received an email for confirmation of my sign up on the site.



I also received an email about my order and another email for the payment.




July 7 was the release of the first mini album of Irene & Seulgi. There are 2 versions (at that time) the top note and the middle note. But I opted to pre-order only the top version since I like black. The price of the album was normally $16.64 on normal Ktown4u site but I got a chance to pre-ordered mine on 40% discount given by the reveluvunion on Ktown4u which priced only for $11.80. 

Days passed but my album was still on preparing item but for the poster, it was ready to ship. 



So I decided to chat the CS support of Ktown4u on why my pre-ordered album was still preparing even though it was passed the day of release. 

It was July 9 when I messaged them and this was the reply that I got.


So I didn’t bother to check to status for a week I think? Hahahaha! It was July 18 when I visit the site again to check the status of my order. I was surprised when I saw the status of my order changed to ready to ship.



I waited for days again since it was weekend so I checked the site again on July 21 and I’m so happy that the status was already changed from ‘ready to ship’ to ‘shipped out’. Actually I also received an email about it together with the tracking details.



July 22 the package arrived in PH based on the tracking site they provided. UPS was so fast indeed but since it was a fast shipment the price will be higher than the others.






So here are the photos I took by the time I got my package:






Here's the timeline of my order:
Order placed: July 2, 2020
Confirmed payment made: July 2, 2020
Parcel shipped from Korea: July 21, 2020 (since there is a delay about the stock of the albums in ktown4u because of SM ㅠㅠ )
Parcel arrived in Philippines (UPS office Pampanga): July 22, 2020
Delivered to our house: July 23, 2020
Wow! Fastest delivery that I encountered other than EMS. Since EMS was still a hassle for me since I always get my package from post office and pay for 112php but for UPS, they deliver it right to our doorstep with no other fees. Wow! 5 stars for that! 

*Hope this can help you to decide ordering to an online korean shop. And also please visit my review on Gmarket here: https://thelazyorlov.blogspot.com/2018/03/review-gmarket-minishop-synnara.html?m=1

Support on buying me a coffee? 

: https://ko-fi.com/thelazyorlov


xoxo,
Lazy Orlov







The Sunday Currently Vol.5

May 31, 2020



May 31, 2020

Just another week passed by. Here I am writing again in my The Sunday Currently series.

reading blogs about skincare (as usual) and vitamins specifically the DHC vitamin c review which I bought on BeautyMNL last Thursday and still on delivery status to our house.

writing my 5th entry of my sunday currently series since I am still on work from home set-up and having enough of spare time to visit the blog. I’m thankful and happy that I can update the blog but feel so sorry for the loss of some people because of the COVID 19. Hoping that this crisis will stop as soon as possible.

listening to Avril Lavigne songs. It brings back memories in high school days (I think?! Haha).

thinking on how to work efficiently because I’m on shift today.

smelling the sweetness of the chocolate chip cookies that I’m eating. HAHAHA!

wishing still for good health of my family and friends, also for all the people that I know.

hoping that this pandemic crisis will end.

wearing my every day “pambahay” clothes, the peachy shirt.

wanting more and more food in our refrigerator/pantry. LOL!

needing more patience, these past few days I have been so easily annoyed by something or by someone’s wrong doings. Haha! Sorry about that. *peace*

feeling hungry all the time but still my weight is still the same (45kgs) nothing more nothing less :( Why is it so hard for me to gain weight? Maybe because I’m a picky eater? :( Send help! Comment down below. Hahahaha! 




*Special thanks to the one who started this kind of series. Sunday Currently blog series was originally created by Siddathornton. Love yah girl!


Thanks for dropping by!
See you again soon on my Sunday Currently blog series! 


Support on buying me a coffee? 

: https://ko-fi.com/thelazyorlov


xoxo,
Lazy Orlov
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