Array
Money Matters

3 Working Filipinas Share Tips for Buying Property

It's a lesson in balancing your needs and wants, and prioritizing what's most important.

Shares
Photography: Jilson Tiu | Pexels (Main Photos)

A major milestone in anyone's life is getting a place to call his or her own. The task appears daunting, but these three women across different life stages have achieved it with some smart and careful decision-making, discipline, and hard work. This just goes to show that no matter what life stage you're in, it's never too early to start being smart about your money. Take note of their experiences and heed their tips.

Investing in your 20s


ADVERTISEMENT - CONTINUE READING BELOW

Michelle Laraya is in her late 20s and works as a field trainer for a cosmetics company. She describes herself as someone who's always had an independent spirit, so she knew that she would eventually get a place for herself. When she started working, it became automatic for her to start saving up. “Someone once told me that once I started earning, I need to put my money somewhere it will grow and he was right. Your best friend is time, so the way I saw it—since I didn't have responsibilities yet—I [had] the luxury to invest.” She also opened an investment savings account with an insurance company and thought of it as “money spent.”

But more than hard work and savings, she also researched heavily before finally getting her own place. She advises budding property buyers, “Don't be lured by low downpayments, cheap monthly amortization, etc. Rank your estate priorities: location, size of property, low-rise/high-rise, developer, amenities, etc. There is a perfect property for you and sometimes all you need to do is be patient.”

ADVERTISEMENT - CONTINUE READING BELOW

“[And] once you find it, you should be ready to give up a lot of things (i.e. eating out, shopping, traveling, Starbucks).”

Investing in your 30s


Chen Eugenio is in her 30s and works as a marketing manager for a shipping company. As of writing, she is awaiting turnover of her own apartment in Mandaluyong. Once she decided to invest in an apartment, it made achieving her goals easier. For the most part, it was a huge influence on her own spending habits, “I also had emergency funds and savings worth at least three months of my salary. That was my target before I [took the plunge] and bought a place.”

ADVERTISEMENT - CONTINUE READING BELOW

To help reach her target, she got into investments such as a variable life insurance plan, which was made up of life insurance and mutual funds. She also grew her money through the office lending co-op and FarmOn, which enables you to invest in and support local farmers. The money she earned from these ventures were used to pay for condo expenses and furniture.

Investing in your 40s


ADVERTISEMENT - CONTINUE READING BELOW

Cheryl Oh is in her 40s, but she's been making small investments since her thirties through the stock market. “When investing in the stock market, only invest what you can prepare to lose. Don’t get emotional.” She held corporate jobs before becoming a full-time freelance web developer after she got married. It was also around that time that she and her husband decided to buy their own place so they could prepare for a family of their own. Some years later, she also invested in another property based on a tip from a friend.

As a freelancer, Cheryl had to be very diligent about tracking her own sales and collections, “I checked my income the past three years so I knew I was making a certain amount every month, and was optimistic about making even more.”

It wasn’t easy, and she admits that she feels tired, but she’s happy that she manages to earn enough to pay for bills and support her family which now includes two children. It’s also her children that help her stick to her investment payments and goals, “With two kids, I think that one day, they can each inherit one.”

ADVERTISEMENT - CONTINUE READING BELOW

This story originally appeared on FemaleNetwork.com.

* Minor edits have been made by the Realliving.com.ph editors.

More on Realliving.com.ph

Shares
Recommended Videos

Latest Stories

Maggie Wilson's Casa Consunji Will Make Your Tropical Dream Home Possible

The store boasts of modern signature pieces made from natural elements.

5 Steps to Starting Your Own Organic Container Garden of Herbs and Vegetables

You don't need a green thumb to grow your own veggies and herbs at home.

7 Ideas to Make Your Small Bathroom Look Big

It's important to be smart about how you decorate and organize.

5 Reasons Child-Sized Furniture Is a Worthy Investment for Your Home

For one, smaller furniture is much safer for young kids to use.

7 Stores to Shop for Kids and Child-Sized Furniture (Beds, Chairs and Tables, and More)

Let your child's personality shine by choosing unique pieces for her room!

The Favorite Furniture Stores of Manila's Most Discerning

If luxe and exceedingly stylish furniture is what you're after, check this list out.

Porcelain vs Ceramic for Bathroom Tiles: Here's How and What to Choose

Should you go for porcelain tiles or ceramic tiles? A licensed interior designer gives her advice

10 Cute Pots for Your Plant Babies

Give your little green friends the home they deserve!

Andi Manzano Offers a Peek at Her Line of Child-Sized Furniture (Available in October!)

The actress collaborated with a home store that specializes in furniture for babies and kids.

Where to Find Wall Stickers for Your Child's Bedroom (No Need for a New Paint Job!)

You can get wall stickers in lots of unique colors and designs.

'Walang Trabahong Pang-Forever': 5 Lessons on Investing from Dimples Romana

Dimples and her husband have been investing in real estate properties since 16 years ago when they got married.

Take Note: Here's How Often You Should Wash Your Bed Sheets

There's a recommended general rule of thumb you should remember.
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!