Achieve financial stability by analyzing your finances

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DR. JOANNA MARIE PINA S. DE MANUEL

Goals without a plan are meaningless, and same goes with having a meticulously crafted plan without execution.

Filipinos are renowned for being industrious and generous. Yet many fear becoming poor once the retire. Eighty-nine percent of the population believe that their pension funds will be dried up just a few days after retirement; while three-fifths of the surveyed retirees consider working part-time to sustain their daily expenses (PSA, 2016).

Recent survey suggests that Filipinos now are suffering from “financial insecurity” or characterized to be living from paycheck to paycheck with having more debts than savings. So, why are we experiencing this? And how do our past choices shape our future?

Here are some facts: Filipinos lack of knowledge on compounded interest,…

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