Any recommended tips and improve strategies as beginner?
Currently, I have 120,000 for my Emergency Fund (EF) in BanKo and I continue to allocate funds every payroll. I also have back-up savings of 100,000 in GoTyme, while my yearly travel and Christmas funds are kept in MariBank. Additionally, I keep extra savings in my payroll account.
Regarding my security plan: I recently bought a new phone, so my four-year-old device now serves as a back-up for banking access and storing important information. I did this because I often worry about the risk of theft or losing my phone while outside. My new phone accesses digital banks only via fingerprint and PIN.
On the other hand, I would like to ask if it is wise to invest 50% (50,000) of my back-up savings into Pag-IBIG MP2 this month. I started last month with a consistent 1,500 monthly contribution and plan to increase it by 50–100 annually. My goal is to build a retirement fund; I am currently 28 and plan to stay consistent until age 53. If I do this and assume a 7% annual return, I estimate I will have around 2M+.
As for the remaining 50,000, I am considering stocks or REITs, but I am hesitant to take the risk since I don't have enough knowledge yet on how to start.
My question: Do you have any recommendations or tips on how I can improve my savings journey?
Thank youuu!