Having savings goals transforms money from abstract numbers into concrete dreams. Here are five essential savings goals for Filipino families.
Goal #1: Emergency Fund (₱30,000-100,000)
Your financial safety net. Should cover 3-6 months of living expenses. This is your first priority.
Goal #2: Vacation Fund (₱50,000)
Time for family bonding. A week in Siargao, Palawan, or a nearby province.
Goal #3: Home Downpayment (₱500,000+)
Own your piece of the Philippines. Many Filipino families save for 5-10 years for this milestone.
Goal #4: Education Fund (₱100,000+ per child)
College is expensive. Starting early through regular savings makes the burden manageable.
Goal #5: Retirement Fund (₱1,000,000+)
Plan for a comfortable retirement. Time is your biggest asset—start now.
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