Wednesday, October 28, 2015

On Christmas Shopping and Gifts

Last year, it was only October and I was already in Divisoria shopping for the Christmas gifts for family and friends. That is because I actually do not want any impromptu purchases and also to avoid the heavy crowds mall goers as the holiday season nears. In addition to that was, I wanted to have the luxury of time to find those items that are not just cheap but of good quality. If I am in hurry and hustled with the crowd, there is a tendency for me to be impulsive in buying.

However, for this year, October is about to end in 3 more days and I haven't have the schedule yet listed in my calendar when to visit the place. Truth is, there are so many choices in Divisoria. I just have to pick what I know is of good value to my money as well as what will suit the gift receiver.

My gift lists is ready. I will have to buy the 'ampao' for those who will receive monetary amount from me. In the past years, I am against giving money as Christmas presents but because I have been a little busy lately, I may no longer be able to find what will suit those inaanaks. Especially, hindi ko na rin sila lagi nakakasama and once in a while ko na lang sila makita, kaya hindi ko na rin alam kung anong ibibigay sa kanila. Maybe, my next relationship goals is connect with them again as regular as possible. Aja!

So, aside from the ampao, the other side of my lists, ito yung kailangan ko talaga paghanapan. And going to the Divisoria one of these days is an option I am thinking. Or kahit na yung pinakamalapit na mall na lang. Whichever will give me a little convenience of time.

Or I can always shop online. Shopping online seems to be another way of avoiding the crowd, the exhaustive traffic jam in the metro, and a cheaper way of buying items since I will no longer require a fare and merienda along the way.

There are so many shopping sites available for us. We just have to pick the one we trust with their brands as well as the credibility. Beware of  those scammers who promised one thing and left you hanging with your hard earned money gone with them. Always look for the best deal and always remember the value of your money.

And because I just recently set up these online shop, huwag na malungkot ang mga inaanak ko, hehehe. Well some can expect ready to wear items from me. 

It is always best to prepare the lists of your receivers earlier as possible as well as your intended gift for that person. Do the shopping earlier if the fund is available. Bring the list with you always so you will not be tempted to go over board in spending. If the fund is not fully available pa naman, you can always buy those na kaya na ng budget. By doing so, you can have ample time to wrap your gifts. I am not good at gift wrapping, but I find it so fulfilling to just wrap the item with the thought of that person opening the presents in my head.

If the fund is really not enough, gift giving naman can be in turns of helping a hand. Just be there. Spend time. Communicate. Put away your smart phone and just catch up. Or visit a charity institution. It is a meaningful way of spending the birth of Jesus. 

Just sharing. God Bless. :)

Photo Credit: dreamatico.com

Tuesday, October 27, 2015

All About SSS – Part 4 SSS Retirement Benefit - Pension

Now on the monetary part of the retirement benefit. I have been thinking how much nga ba ang magiging pension ng tatay ko? I know there is a news na magincrease ng 2000 across the board yung minimum na pension na nakukuha ngayon, which is from 1200. 

“House Bill 5842 seeks to amend Republic Act 1161, as amended by RA 8262, otherwise known as the “Social Security Act of 1997,” increasing the present minimum monthly pension of P1,200 to P3,200 for retirees with at least 10 years of credited service.”

Read more:

Although as of this writing, this bill is not yet implemented, I will be happy if this pushes through. Ano na lang ba kasi ang kayang bilhin ng 1200 per month na pension ng mga elderly di ba? 

Anyway, so ngayon pa lang nag iisip na rin ako kung magkano nga kaya ang pension ng tatay ko. Since, we will try to complete the120 contributions prior to the semester of his retirement, pwede siya dun sa monthly pension. Yung lumpsum amount kasi is only granted to a retiree who has not paid the required 120 monthly contributions. It is equal to the total contributions paid by the member and by the employer including interest.
Paano nga ba nacocompute ang monthly pension? Remember, I mentioned in one of the SSS blog that ang alam dati is that pwede kang magincrease ng contribution for the past 60 months prior to retirement para yun ang basis ng amount ng pension mo. Well, SSS has clarified that and been stricter to the rules since then.

The monthly pension depends on the member's paid contributions, his credited years of service (CYS), and the number of his dependent minor children that must not exceed five. Right now, wala na kaming minor siblings. 

Per SSS website, the monthly pension will be the highest amount resulting from either one of these three pension formulae:

1.the sum of P300 plus 20 percent of the average monthly salary credit plus two percent of the average monthly salary credit for each credited year of service (CYS) in excess of ten years; or
2.forty (40) percent of the average monthly salary credit; or
3.P1,200, if the CYS is at least 10 but less than 20; or P2,400, if the CYS is 20 or more.  

Computing the possible monthly pension ng tatay ko na ang average monthly salary credit is 9000 (Monthly Salary Credit) as of this writing:

  1. 300 + (20%*9000) + (2%*9000*(10-10) = 2100 ; Ten minus ten kasi 10 years lang yung contribution years if magretire siya at exactly 60 years old 
  2.      40%*9000 = 3600
  3. 1200
So from the above, and getting the highest amount, it looks like he will be getting the 3600 per month. Granted that this will be the average monthly salary credit by the time he retires. Yes, we are planning to increase the contribution before he actually retires. If the SSS bill will push through, adding the 2000, that will be 5600 per month. 

We have yet to know if this will be the case. For the meantime we are hoping that it is actually close to 3600 amount per month.

Source: https://www.sss.gov.ph/ 

Disclaimer: I am not affiliated with SSS. For inquiries, please call their hotline 920-6446 to 55.
The SSS Customer Service Call Center is open from 7:00am on Monday all the way to 7:00am on Saturdays. It's closed during weekends and on holidays. SSS Email: member_relations@sss.gov.ph; SSS Facebook: https://www.facebook.com/SSSPh

Monday, October 26, 2015

I Applied for Smart Money Master Card

Having a sideline online business means that providing your customers a hassle free payment to you. And smart money is one preferred mode of payment for most of the buyers. There are millions of smart subscribers out there and having a smart money is a very convenient way to transact business.

What is Smart Money? See the definition provided in the smart website


"SMART Money is an electronic wallet, similar to a bank account, that allows you to do bills payment, reload of airtime, and money transfers using a SMART Mobile phone. With the SMART Money MasterCard, you can also do ATM and debit card transactions."

I opted to apply for the instant card instead of the customize card which will take 2 to 3 weeks to claim. There are steps provided in the website on how to apply for Smart Money, but I went to Smart store nearest my place yesterday instead. My reason for doing so, is to further ask more information other than what were provided on the site.

I got there in the afternoon, and the store is actually jam packed with people queuing for customer service. It's Sunday, that is why. But, the good thing is that there is a separate representative who handles the processing of Smart Money application, so there is no need for me get in the long line.

I fill out the application form of the smart money in a short span. Submit it to the smart officer along with my one valid government issued ID and of course a SMART or TNT mobile number plus 100 pesos. Note that the name that should appear on the valid ID should be the same name you fill out the application form. This is because the women before me is presenting otherwise, and the officer in charge, requested for additional documents such as the marriage certificate.

My main purpose for the card is that for the buyers to be able to transfer their payments to me without the hassle of going through any 'padala' centers at a much lesser cost of transfer/padala. Also for me to be able to withdraw the payments made. With the master card, I can withdraw the available funds via BDO with only 5 pesos charge. For other ATM, the charge will be 15 pesos. Of course, the frugal in me will always choose the lesser charges.

For every fund transfer from the customer, I receive a message indicating that a fund has been transferred to my account. It is a good way to track immediately that payments were made so we can proceed with the packaging and shipment of the goods right away.

Just sharing. Happy Monday! :)

Sunday, October 25, 2015

Where We At Financially This 10th Month Of 2015?

This is actually an overdue blog entry. Why? Because, honestly, I am not actually ecstatic sharing the 3rd quarter's numbers. With my stock picks still in bloody red, almost all our aggressive investments portfolio are way beyond expectations. And we are still below our target by 2.20%.

Nonetheless, fund withdrawals is not an option at the moment. We will just have to let them sit for a little longer than anticipated and tries to continue adding up more. It's been a little difficult second half of the year, with the husband currently out of job and we are trying to live on a single salary. I am grateful though because it teaches us more about patience on how to deal with family finances.

I borrowed an amount from the emergency fund, in order to fund the house renovation of my parents. And I thought we can no longer add something into it after everything that happened. However, looking at the pie graph right now, at least we are able to add a little on top of it. The retirement fund is on a steady up pace since I have 10% of my salary being deducted by the company itself so I do not have to handle the money at all. Also, we have the regular subscription funds on some accounts so the automation is doing its job well.

Truth be told, it is actually getting more difficult to have a cash on hand at this time of the year, since my head is messing with so many Christmas gifts I wanted to get for my godchildren and family. All these accounts getting automated is leaving me a small take home amount every payday. Not to mentioned the annualized tax scheme that gives a surge on our tax as we approach the year end, put us to be more creative with budgeting.

When my husband went to the medical emergency which leads to his resignation as an employee, I have so many fears to face. Paano namin mapapagkasya ang sahod ko? Paano na ang milk, diapers, at water ng anak namin di ba? Fortunately, God is good all the time. He made us run into this phase of family lives so we can determine how well we can stretch our little of what we have to meet ends meet. 

At first, it was really difficult until we put a resolve to talk everything about it. And come to an agreement that we need to stay focus with our goal despite our current unconventional situation. Kaya naman pala. At kakayanin.

I have learned that I can have a mindset to always stay frugal and avoid unnecessary expenses when I have a goal in mind. Yung kahit na mainit ang panahon, pero dahil nanghihinayang ako sa 7.50 na pamasahe at pwede naman lakarin eh nilalakad ko na lang. Nagbibitbit na lang ako ng payong lagi. Ganun din ang ginagawa ko sa inuming tubig ng sa ganun hindi na ako mapapabili. 

A lot of things has changed since we started working our way to being financially free. And the reality is that, first, we have a goal in mind. The driver which keeps us focus and helps sustain the stamina to get up when we feel at lost or when the dead end is in sight. Second, the willingness to learn from every steps. Third, the commitment to stay align and working out the dream. Fourth,  the mindset to stay positive all the time. Of course, above all these is the trust to our Creator that He is solely the master to all of our plans.

11 For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future. - Jeremiah 29:11

Happy Sunday! God Bless. :)

Thursday, October 22, 2015

The Birth of Sophia D

Oh no. I haven't given birth again. Hehehe. Sophia D is what keeping me a little busy these days. Sophia D is my newly created site for online shopping.

Yes, having a boutique was one of my child hood dreams. I love dressing dolls when I was a kid. I love dress making. I remember when I was in elementary I usually got the highest score in dressmaking. Sadly, I never push through making one again. The core reason was that I have failed with measurements for all the next items I tried. But it was never lost in me to have a boutique someday. I love to see those dresses in mannequins. And I wanted to put a shop when I have the capital.

Seeing the online shop up and happening right now is something I just can't explain enough in words how elated I am. Although, I do not have a physical store yet,I am positive of this new start and promise myself to sustain it to the best I could.

Time has passed but every women in the world just love fashion. It never ends. We all love new clothes to wear. New styles to flaunt. Following trends. It is the way we are.

I am frugal myself, and often window shopped. But, being frugal does not mean having cheap choices. All we have to be is be a smart shopper. Why buy a super expensive blouse when I can find the same style, the same clothing material in Baclaran? Yes, that is right. I am bringing Baclaran in online with my newly created site.

You can find as many choices to check from. From dresses, mini dresses, maxi dresses, blouses, pants, shorts, jumpsuits, pullovers, leggings, jeggings and so much more. And all these comes in a very low Baclaran prices.

Drop by my site and let me know your choices and will get back to you as soon as we can.

Site: http://sophiadclothing.retailorders.net/

Welcome to Sophia D Clothing.

Feel free to let me know any feedback as well. I'll appreciate it.

Cheers to happy online shopping!

God Bless. :)

All About SSS – Part 3 SSS Retirement Benefit Requirements for Self-Employed

Since my main objective is that my father should receive a pension once he files for retirement, I am also learning how to file and what are the retirement requirements as well. Hehehe. Kahit papano kasi malaki ang maitutulong nito sa parents ko. Sayang, my mother never had an SSS since in her early short years of employment, she was at a government agency. Sayang din kasi wala rin siyang GSIS. 

I called the SSS hotline for several times hoping to get a clearer picture of how to and what are we going to expect. Nung inayos kasi namin ang SSS ng father ko, hindi siya nakakuha ng SSS ID because ang nasa record ng SSS is middle initial lang ang nakaindicate sa full name ng father ko. Ang requirement ng SSS is to indicate the full middle name to avoid any issues with claiming. Kaya, after filling up forms, we were advised to call in or visit the nearest branch in 6 months to identify if the changes were reflected. If the changes were reflected, my father can now process his UMID ID. But then, until now, I haven’t had the chance to accompany him. I am a bit busy with other things pa. Eh ayaw naman niya na gawin mag isa. The usual reasons na madaming gagawin na hindi daw niya maintindihan. Okey, I do understand naman talaga. Because he is impatient na sa long lines and questions plus yung pupunta pupuntahang sections. Kaya I am hoping before the year ends I can make a time for this.

Anyway, so I have been researching how to file for retirement with SSS. For my father to qualify for the retirement benefit, he should be 60 years old, separated from employment or ceased to be self-employed, and has paid at least 120 monthly contributions prior to the semester of retirement. Right now, his total contribution is 109. That will be 11 contributions to go. However, he may continue to contribute until the age of 65. At age 65, a member is provided the SSS retirement benefit whether employed or not, and has paid at least 120 monthly contributions prior to the semester of retirement.
This retirement benefit is a cash benefit either in monthly pension or lump sum paid to a member who can no longer work due to old age.

Since, my father is categorized as Self-employed, we will be needing the following documents:

1. SSS Retirement Claim Application (SSS Form DDR-1) . Can be downloaded in the website or we can get the copy at the nearest branch.
2. SSS ID card and 2 valid IDs (at least one ID has photo), original and photocopy. We will process the UMID ID before the year ends.
3. If we are to process the retirement benefit before he turns 65, we will have to provide the following:
  - Certificate of Cessation of Business, issued by the barangay where his business is located or where he is residing
  - Notarized Affidavit of No Earnings from Self-Employment
  - or Notarized Affidavit of Cessation of Business
There is no need for all of this, if we are to process his retirement benefit by the time he is 65 years old – the mandatory age of retirement.
4. SSS DDR Signature Card
5. His passbook or ATM card with his name on the card, or copy of deposit slip with machine markings (original and photocopy)
6. His Latest 1x1 picture
8. SSS may require other documents. We will have to see for those other requirements.

And since, we can accompany him to file for this benefit, there is no need for Special Power of Attorney. Special Power of Attorney is needed if he will ask for someone who will process the retirement benefit in behalf of him. Nor there is a need for other documents since he is not residing abroad. 

Source: https://www.sss.gov.ph/
Disclaimer: I am not affiliated with SSS. For inquiries, please call their hotline 920-6446 to 55.
The SSS Customer Service Call Center is open from 7:00am on Monday all the way to 7:00am on Saturdays. It's closed during weekends and on holidays. SSS Email: member_relations@sss.gov.ph; SSS Facebook: https://www.facebook.com/SSSPh

Wednesday, October 21, 2015

A Renovation or Make Over In Order

I was on a deep thought for quiet sometime. And then I searched my own blog via google. It's url is freedom and self worth and it left me wondering how come a personal finance blog is entitled as such. And then I remember. When I started creating this blog, it was those times that I felt I have a lost a friend. An indeed I really lost her for life. I lost her because it is my fault. I came in one day, not in the best mode to speak nor chat. I just wanted silence because I have so many things swirling in my head. And then the same thing happened the next day. And then the following days. I could not just pull myself together and I was lost. I felt like I have lost my own self worth. I am in the lowest of lowest self esteem. Until, it became the usual instance that I never talk to her again. I diverted myself to writing, and thus this blog was born.

I have asked her an apology but maybe the impact was not just a crack that can be put back together. Maybe, it was chipped out and I can no longer find that piece. Anyway, I can see, she's happy now. And I am happier too even though she's no longer a part of my life but will forever be a part of who I am.

I can now look directly in her eyes after like an unending making ways of not crossing her path. And she smiles back once in a while. I guess it will be like this until we no longer see each other anymore.

So now, I am contemplating of completely renovating or doing a make over of this blog site to include more pieces of what I think. A portion to direct how things are outside of being walking the path to financially free, like simply enjoying something. And I guess I will need to learn some more tips on how to blog. I just love it. Writing my thoughts, how I feel, and just everything in my head. I love how I tap the keyboard and the sounds it makes when I tap.

It is refreshing to just release all the tensions and stresses of life. I thank God for everything. The way He made me realized how important 2014 was in terms of having to start the road to financial freedom. The thoughts of sustaining the real friendships this year. And the patience to understand how miracles keeps unfolding each day to my life and the lives of my loved ones.

It's amazing to just realize the beauty of what we have. Yes, we do not own a house yet for us to live as a little family. But I am thankful for our parents who are giving us the incredible support. We don't own a car yet, (I have a car, but I have given it to my parents), but I am hopeful that someday, we can have one. Besides, at least when I commute I just get to enjoy the green scenery of TPLEX.

I am giving myself the expectation that this blog site will turn into something new before the year ends. More to life. More to sharing random thoughts and happiness.

Cheers. God Bless. :)

Tuesday, October 20, 2015

All About SSS – Part 2 - Understanding Table of Contributions, Deadlines of Payment and Where to Pay

Here we go with the part 2 of all about SSS. Hm, I was trying to understand the contribution table for the longest time too. Hehehe. Pardon me, hindi naman po kasi talaga ako super into details na tao. I have always leave it to HR kasi I have been employed ever since. But then, there are twist and turns nga naman in each one of us. So when I have been faced to personally to learn the facts for my father's SSS, I dove in, in order to understand how things works with SSS. Ang dami ko palang hindi alam. Hehehe.

Buti na lang, internet forums and blogs are available. Plus, phone calls with SSS hotlines are very helpful to validate what I have just read. Yun lang mga ilang beses na validation. Hehehe.

1) I am employed for the longest time and did not even bother my contribution with SSS. I know that my employer deducts a portion of my salary na napupunta sa SSS. And that's it. Ni hindi ko na rin inaalam how much as long as nakikita ko na reflected yung monthly contributions sa SSS online. Until I need to determine kung magkano ang kailangan namin bayaran para sa contributions ng tatay ko. And the contribution actually depends dun sa salary bracket ng isang individual. 

Example, if I am receiving a monthly salary of 12,200 pesos, then I belong to the 12,000 pesos monthly salary credit (salary range is 11,750 up to 12,249 pesos) which means na ang contribution ko as an employee is 436pesos. At ang contribution ng employer ko sa SSS is 884 pesos. Kaya ang total contribution na makikita ko online as ‘my’contribution is 1320pesos. 

Eh paano kung ang salary ko is 15,800 per month? Ibig sabihin, I will belong to 16, 000 pesos monthly salary credit. Ito ay dahil over 15,750 pesos ang compensation ko. Ang monthly na deducted sa salary ko is 581.30 pesos. Ang contribution naman ng employer ko is 1,178.70 pesos. Kaya ang makikita ko online as ‘my’contribution is yung maximum na 1,760.00 pesos. Yung maximum contribution. 

This is actually based sa current SSS contribution rate which is 11% of the monthly salary credit not exceeding P16,000 and this is being shared by the employer (7.37%) and the employee (3.63%).

In one year, 21,120 pesos overall rin yun kung asa maximum na contributions. If voluntary, malaki na rin ang 21, 120 pesos na kailangan mo i-allot in a year for SSS, kaya depende na rin sa kakayanan ng individual ang pagbayad sa SSS. 

On my part, ang iniisip ko na lang are the benefits that comes with paying the SSS contributions.

2) If employed, there are no worries with paying the SSS contributions or loans, kasi ang gagawa na nun is ang employer. But if, self employed, voluntary, or OFW, kailangan natin malaman ang mga deadlines of payment for contributions or sa loans to avoid any penalties.

We will have to focus as a self employed or voluntary payee of SSS contributions muna since ito yung mas marami akong tanong dati while processing the SSS of my father. Payments can be done monthly or quarterly. Note that we are talking about the contributions. This is based on the prescribed schedule of payment depending on the 10th or the last digit of the SSS number.

Example: Ang
 last digit ko is 2 sa SSS number na 1234547502, ang deadline ng payment ko for the June contribution is the 10th day of July.

If 9 naman ang last digit ko sa SSS number 1234547509 and I am paying for the month of August, and deadline ko is the last day of September.

If I am not able to pay on the last day of September and decided to pay on October 1st for the month of August, hindi na siya makakasama. Malalaktawan na yung August ko. SSS do not accept retroactive payments.

For quarterly payment naman:


Thus it is very important to be mindful of the deadlines of schedules.

Sa loan payment naman monthly payment ang kailangan so as not to incur any penalties.

3) Iba rin ang schedule of payments for OFW. Payment of contributions for the months of January to December of a given year may be paid within the same year; contributions for the months of October to December of a given year may also be paid on or before the 31st of January of the succeeding year.
4) Payments can be made via the SSS branch mismo na malapit sa inyo. Or pwede rin via banks through e-payment. Or some institutions. Please see below po.
SSS Payment Facilities
  • SSS Main Office – Cashiering Department
  • SSS Branch Tellering Counters
  • CIS Bayad Centers
  • SM Business Centers
  • SSS-accredited Commercial Banks
For Members Abroad
  • I-Remit
  • PNB Overseas Payment System
  • Ventaja
For further inquiries, the SSS hotline is 920-6446 to 55.

The SSS Customer Service Call Center is open from 7:00am on Monday all the way to 7:00am on Saturdays. It's closed during weekends and on holidays. SSS Email: member_relations@sss.gov.ph; SSS Facebook: https://www.facebook.com/SSSPh

Source: https://www.sss.gov.ph/ 

Disclaimer: I am not affiliated with SSS.For further inquiries, the SSS hotline is 920-6446 to 55.Or you can visit your nearest branch.

Monday, October 19, 2015

All About SSS – Part 1 - Understanding The Basic

I have been heavily involved lately processing the SSS of my father as well as for my husband who is now in between jobs. More likely, I am either on the phone or on the branch itself looking for answers on what and how to proceed further. Honestly, madaming vague information for me even when I read over and over again the SSS website. Kaya, I've been dedicating few times reading some sites which contains information about SSS. It helps too that I visit some forums where I found some related situations as mine and verified it with the SSS themselves.

My father has been employed before with an SSS loan that went unpaid in the 80’s. Oo, 1980s pa. Sobrang tagal na. Yung loan niya was 300 pesos during that time. His contribution listed in the website is 35.70 pesos only per month na hindi na rin natuloy. I have been contemplating for the longest time before kung kaya ng budget ko na ipagbayad siya ng monthly contribution until I finally was able to allocate a portion from my monthly budget. My purpose is that nanghihinayang ako dun sa dati nilang contributions. Only few months left na lang to complete the 120 contribution at pwede silang mag karoon ng pension once nakapagfile na ng retirement. If you have been reading my previous posts, part ng monthly budget ko ang monthly stipend sa parents ko eventhough I am married na. It’s a promised I made before to myself na hangga’t kaya ko, magbibigay ako ng kaya ko. Since, aging is inevitable plus, dumarami na rin ang gastusin as we age, kaya naisip ko na ituloy na rin para pandagdag na rin sa budget nila by that time. He is 57 years old turning 58 this coming month.

So, July last year, we went to an SSS branch and queued for ‘General’ questions. Dun namin nalaman na 4500plus pesos na yung loan amount niya earning an interest over the last 3 decades. We decided to pay the amount plus the contribution nung nagpunta kami. Sabi nung sa SSS, we can start at the smallest and gradually increase it monthly. At yun nga ginawa namin, from 110 na contribution starting July 2014, hanggang sa naging 990 nung April this year. And then I was stuck with 990 per month na until now. Malaki na rin kasi ang 990 pesos per month for someone like me.

So, let me try to enumerate few information I have learned from SSS for this post:

1) If you are a student or simply hindi pa naging employed ever at nagapply ka for SSS number and wanted to start making contributions, ang category mo is self employed and will have to provide the proof of your source of income that you are earning at least 1000pesos. 1000 kasi ang minimum monthly salary credit so one can start to contribute 110 per month. If mas mataas ang declared salary range, tataas din ang SSS contribution. Magbabago yung category mo once you become employed. It will become covered employee. But, iisa lang ang SSS number natin for the rest of our lives.

2) If naging OFW ang nagcocontribute, it will be to change to OFW. Ang minimum monthly salary bracket for an OFW is 5000. Ang minimum contribution nun is 550 pesos. 

3) Looking at the SSS website (https://www.sss.gov.ph/) ang nakalist sa father ko is self-employed siya since 1997. Ang ruling kasi ng SSS, kapag dati kang employed and nagstop from paying the contribution for sometime, kapag magstart kang magbayad ulit, self employed ang category mo. Sa case ng husband ko, who went unemployed and we started immediately to pay his contribution, ang category niya is Voluntary contribution. The contribution amount will depend kung magkano ang kaya ng individual. 

4) I made a phone call with SSS a month ago, asking if I can still increase the contribution of my father. Ang sabi nila, hindi na pwede per rules. They have changed the rules kasi ang alam dati, if someone increased his contribution for the last 5 years to maximum prior to retirement, maximum din ang pension na makukuha. Now, hindi na po. Once, an individual reach the age of 55, per year na po ang increase ng contribution. So since my father’s contribution ngayon is 990 (2015), next year na pwedeng magdagdag. He will be 58 and the contribution he can make is 1045. By the time na 59 na siya, he can contribute 1100. By 60, 1155 naman.

5) Earliest retirement age is 60. Kapag 65 ka na, mandatory na ang retirement whether self employed ka pa.

Hopes this helps.

God Bless. :)

Disclaimer: I am not affiliated with SSS.For further inquiries, the SSS hotline is 920-6446 to 55.Or you can visit your nearest branch.

Sunday, October 11, 2015

September - Spending Less and Less

In all honesty, I was just reading, net browsing, and searching for any topics for the past few weeks, and not writing any blog entry. So, technically I have been reading financial blogs of bloggers I follow.  I did mentioned about world history the last time. And yes, been reading a lot about the lives of the past as well as learning about the places they have been to. 
Though, I have so many things in my head, I seemed not to get it right in papers. That explains, this almost mid-month blog about our expenditure.
And I get it, it also dawned into me whether I should continue writing about this topic until the end of the year. Because, truth is, I am really not into buying stuffs since 2014. So maybe, that is the reason that it became now a part of my system. Hm.
Yes, those mall sale items are very encouraging. Lagi pa naman akong nadaan ng mall ngayon kasi pang morning shift ako (6AM to 2PM). Even those online selling. Kaya lang kapag pipindutin ko na ang check out, I almost always think twice. Madalas naiisip ko, meron pa naman ako, so why buy another one? Or minsan naman, napapaisip ako na mas mura pa dun sa nadadaanan kong stand. Hahaha. Pero, I still end up not buying anything for the month of September.
Dining out has been officially trimmed from the budget. Mas madalas lang kami sa bahay. Either watching the Frozen movie over and over again (Because my child just loves Anna that much and she's not getting tired watching her over and over again) or The Lion King (The first animal name she learned is Lion since there was a poster in my niece room with the lion on it and would usually point to it when she's still very young).  Or simply doing some activities with her in thaw like watering the plants or feeding those chickens. O kaya naman, habulan, taguan, ball plays, car plays, bubble plays, flower picking, and eating. I guess, we are all enjoying these quality times better.
So maybe, just maybe, I am going to shift some blog entry to some other stuff in the future? At the moment, since the last quarter of the year has started, baka naman these are the months where I will have more expenses. Let us see.
Just sharing. Happy Sunday. :)