Investments Under In-Trust For (ITF) Account

On my previous post, I have written about opening a mutual fund in-trust for (ITF) accounts for kiddos as Christmas present. As I browse my FB account this morning, I came across a financial group who previously discussed about ITF accounts. 

Opening question: Paano po mangyayari if namatay si parent tapos ka-OR sa account ang anak, would the funds also be included in the estate? Madali lang ba to transfer the account to the child if nag legal age na? 

Book: 8 Simple Secrets To Raising Entrepreneurs

I basically invest my time and money on books. Novels, self-help, financial and parenting are my kind of selections. Books are my best friends.  They are most helpful whenever I need a little push to sleep. One of my best possessions is the GoNegosyo: 8 Simple Secrets to Raising Entrepreneurs. I got it as a birthday gift from Dear Hubby. He really knows me. I would rather get food or a book as a gift.

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Photo credit: ANC on the Money

A Different Kind of Gift For Your Child

Photo credit: pbs.org

We can now feel the cool breeze of Christmas. This also means cash blessings on the way. Almost all are very excited to receive (and some just did) their bonuses and 13th month pays. I just heard from the news this morning that half of the 13th month pay of government employees will be given this week. Yahoo!  But before you think of spending your bonuses right there and there for parties, gadgets, travels and appliances, why not "spend" them wisely for the betterment of your future. Specially for parents, this is the perfect time to give a different kind of gift to your kids. Way better than giving out toys, clothes or gadgets (Ipad, newest cellphone model...), why not give your kids something that will benefit them in the future. Let this be the start of their exciting financial journey.  

When My Son Learns Most

Last week, I promised my son that I'll cook carbonara for him this weekend. Since it's payday, I set a budget for his request. But I had to bring him with me to the supermarket 'coz Dear Hubby wasn't available yesterday morning to look after him. Then I thought, it will also be a good opportunity for him to put into practice his lessons in kindergarten about reading, place value and greater than / less than. Before we left, I reminded him of our rule: no buying of toys since our primary purpose was just to buy groceries. Of course as a kid who's still into toys, " Ma, tingin lang po ng toys. Promise no buying." 

Prayer for Financial Blessing

A  former colleague from my first work  10 years ago shared it to me and I just want to share the same to others.

God bless everyone!

I don't Take NO for an Answer ( My BDO-UITF experience)

I won't discuss much about the step by step procedures on how to open a UITF account with BDO. There are already countless blogs and sites that you can search on the net regarding those procedures. I would just love to share my experience on how I did open one. 

Take down some notes

I found this meme hilarious. Guilty as I may seem, I am currently doing this whenever I fetch my son from school . Gone were the days when the parent or someone who was tasked to fetch the child in school will stay inside the classroom to take down notes. This usually  happens whenever the child was not able to take down notes because he was so excited to leave or just simple lazy that day. I remember back then when Nanay will fetch me in school and before we leave the classroom she’ll check my notebooks one by one so as to know if I did write or take down notes. And if I did not, she will ask permission from my teacher to copy the lessons of the day and even asked her how it was done especially in Math. Nanay is really one-of-a kind. Now with my son in kindergarten , it is very important to check their lessons for the day. My son’s penmanship itself is still a work in progress. Instead of me writing those what were on the board, I just simply take photos of them.