Out of Town Blog
Four important financial lessons we learned from our fathers
Fathers play a pivotal role as protectors and providers in every family, often tasked with creating a secure and nurturing environment for their loved ones. While they might traditionally defer budgeting and household management to mothers, many fathers have profoundly shaped our attitudes toward money and financial responsibility. Their practical wisdom and lessons not only resonate in our lives but also continue to guide us on our financial journeys.
As we celebrate Father’s Day, we’ve gathered valuable insights from young professionals who share the essential money lessons imparted to them by their dads. These empowering lessons offer practical guidance and can inspire us all to cultivate better money habits in our own lives. Dive in and discover how these teachings can enhance your financial well-being.
The Power of Consistent Saving
No matter the amount, consistently setting aside money can lead to remarkable benefits for your savings. This valuable lesson was ingrained in Justin, a marketing executive in his mid-30s, by his father, and it is a principle he steadfastly applies in his life today. Each month, Justin diligently saves a portion of his salary, prioritizing his savings before allocating funds for his everyday expenses.
In his pursuit of financial security, Justin chose Metrobank as his trusted partner on this savings journey. This choice was largely influenced by the deep-rooted trust his father had in the bank, which had safeguarded the family’s savings for decades. Having witnessed firsthand the bank’s stability and reliability, Justin found his own secure haven to nurture and grow his hard-earned money.
Are you also on the lookout for the right partner to support your savings endeavor, much like Justin? Opening your first Metrobank Savings account can unlock a world of benefits designed to enhance your financial journey. As Metrobank kicks off its exciting Triple Bonus Promo, running from now until June 30, 2025, you have the opportunity to enjoy a cash gift of PHP1,500 simply by maintaining a balance of at least PHP50,000 for six months after opening your account. Additionally, you can gain access to free AXA accident insurance coverage worth PHP1 million, and enjoy up to 4x monthly InstaPay rebates when you maintain that same balance for 12 months.
Frugality and Resourcefulness
In the fast-paced world of online shopping and remarkable monthly sales, understanding the art of smart spending has become more essential than ever. This reality resonates deeply with Ico, an Omnichannel Experience executive, who is dedicated to instilling in his two children the importance of living within their means as they navigate through life.
Mon, a creative graphic artist, has also been shaped profoundly by his upbringing, particularly by his father, an Overseas Filipino Worker (OFW) who spent years as a seaman. His father’s mantra, “every peso counts,” has left an indelible mark on Mon’s approach to finances. Now that Mon is a father himself, he carries forward this invaluable lesson: he emphasizes the significance of prioritizing needs over fleeting wants, scouring for the best deals with every purchase, and diligently tracking his expenses to ensure financial security.
To cultivate wise spending habits, leveraging the right tools can make a significant difference. Online banking platforms, like the intuitive Metrobank Online site and App, empower users to conduct essential transactions anytime and anywhere, while effortlessly keeping tabs on their expenses and cash flow.
When it comes to practicing smart spending, Metrobank Credit Cards present a strategic way to handle purchases with care. These cards often come with a myriad of rewards and benefits tailored to fit various lifestyles. For those looking to celebrate Father’s Day in style, Metrobank credit cardholders can relish in exclusive dining and shopping deals, maximizing their budget while treating Dad to something special. Enjoy delightful discounts at renowned restaurants such as The Nostalgia Bar & Lounge, Dean & DeLuca, Sampiro, Project Vino, and Flavors Restaurant. Additionally, you can pamper Dad with stylish new eyewear at Executive Optical, featuring up to 50% off, or refresh his wardrobe with items from Marks & Spencer, available at an enticing 10% discount.
Diversify to Grow Your Hard-Earned Money
“Don’t put all your eggs in one basket,” is a saying that rings true, especially for Bea, a 35-year-old brand marketing officer. She learned this valuable lesson from her father, who always emphasized that the secret to a fulfilling and abundant life lies in cultivating multiple streams of income, whether through entrepreneurial ventures or strategic investments that work to grow your wealth.
As she embarked on her professional journey, Bea was determined to apply this wisdom. She diligently explored various investment options that aligned with her risk tolerance, enabling her to effectively multiply her hard-earned income.
One of Bea’s preferred investment vehicles is Metrobank’s Unit Investment Trust Funds (UITFs). These UITFs are expertly managed by financial professionals who leverage their knowledge to optimize returns. They offer attractive potential benefits, such as capital appreciation and interest income, contingent upon the performance of the underlying assets and prevailing market conditions. This dynamic approach allows Bea to adapt her investment strategy based on market shifts while still aiming for growth.
In addition to UITFs, Bea has also taken advantage of Metrobank’s online time deposit product. This option empowers her to steadily increase her savings, providing an interest rate that surpasses the paltry returns of a conventional savings account. With this time deposit, she can enjoy a competitive interest rate of up to 4.5% per annum by the end of her selected term, providing her with a solid foundation for her financial future.
Metrobank has streamlined the process of starting a UITF or time deposit account, making it accessible to anyone interested in smart saving and investing. To initiate this journey, all you need to do is open and register for a Metrobank savings account and create an online banking account through the Metrobank Online site or mobile app. For UITFs, Bea appreciates that she can start investing with a minimum amount of just PHP10,000, while the same minimal investment applies to the Metrobank Time Deposit, making it an achievable goal for many looking to grow their financial assets.
Turning Everyday Wisdom to Financial Success
Cultivating financial mindfulness is a journey that unfolds over a lifetime. Even the fathers we admire, with their wealth of experience and wisdom, remain committed to expanding their understanding of effective money management and growth strategies. They continuously seek knowledge, adapting to new financial landscapes, and striving to enhance their skills in navigating the complexities of personal finance.
As you progress in your financial journey, Metrobank can also be your financial education partner through its Earnest platform (https://earnest.metrobank.com.ph/), which provides valuable nuggets of money wisdom that will help you deepen your financial knowledge and build on the solid foundation your dad instilled.
As we take a moment to reflect on our individual financial journeys, let us consider how Metrobank can serve as a powerful ally in our quest to build upon our fathers’ legacies. By leveraging their resources and expertise, we can pave the way for a more secure and prosperous financial future, not just for ourselves, but for our loved ones as well. Together, we can transform aspirations into reality and ensure that the values of hard work and dedication continue to thrive through generations.
Visit your nearest Metrobank branch or head to http://metrobank.com.ph and learn more about Metrobank products and services.
Manila Travel Tour Packages You Should Try
Follow and Subscribe to OutofTownBlog.com on Facebook, Twitter, Instagram, Pinterest, and YouTube for more Travel related updates.
Four important financial lessons we learned from our fathers
Melo Villareal
Out of Town Blog
