SmartParenting.com.ph, the credible parenting resource backed by experts and a community of involved parents, recently held "Money Strategies for Smart Moms" on October 22, Saturday, at Cafe' 1771 in Ortigas.
With its aim to help Filipino moms to become mindful and confident parents, Smart Parenting together with Profriends, a reputable property developer in the country, provided an inspiring and informative venue for smart moms to learn about momey-saving strategies, raising money smart kids,and home financing.
"The minute you become a parent you've got to upgrade your money management skills, so to speak - and that isn't always easy," said Leah Nemil-San Jose, Smart Parenting's editor In chief. "Hopefully, the moms found the lineup of topics from our financial experts invaluable."
Leading the speaker lineup was Aya Laraya, an investment advocate with more than 25 years of experience in different financial industries and a TV show host of Pesos and Sense. He spoke from his personal experience when it comes to money-saving strategies to achieve your goals.
How to be effective in saving?
5. ACT – Action. Changes. Things.
For tips on raising money smart kids, Smart Parenting tapped Rose Fres Fausto, an investment banker turned full-time homemaker and now author and newspaper columnist, who is well-known for her talks on purposeful parenting ad financial literacy.
and ACTIONS in handling one's personal finances.
2. Get into a business you understand. Seek advice only from competent people.
3. Make your gold work for you. Make an army of gold before you buy luxury.
Step 2: Save regularly no matter what!
Step 3: Go beyond Saving. Invest for growth.
Step 5: Cut their financial umbilical cord once they graduate.
FQ Mom Guideline: "Buy luxury ONLY IF you can afford to buy 10 pieces of it."
"Every child needs a head start on the Basic Laws of Money.
Lastly, Tet Bugayong, Lancaster New City Marketing Services Manager, discussed home financing tips.
I have a lot of learnings from this event. I'm really inspired to raise money smart kids and be intentional in teaching them about finances especially that I have two boys who will become future leaders. I just can't wait for my son's first investment! I'm more confident now because I have a better idea on where to jump start his investment.
I never knew that kids should have their own savings account as early as the day they were born. My two boys doesn't have their own accounts yet but this is something that we will consider and pray about. I also like the idea of cutting their financial umbilical cord once they graduate. This will help them to become independent and responsible individuals. "Raising your children with HIGH FQ is arming them with Economic self-defense!".
I'm glad it's never too late to learn all these things. I'm so blessed to be in this event. Many thanks to Aina Marie De Roxas and Eugene Sugian of Lancaster New City for having me.
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