SINSILYO PARA SA KAUGMAON

Open to new member and future-member saver.
P100 deposit plus membership fee of P200.00.
Minimum of P20 daily or P100 weekly or P500 monthly.
No maintaining balance is required.

Download Sinisilyo Para sa Kaugmaon Form

Important reasons to save money

Rainy-Day Funds

It is very important to have an emergency fund that is set aside to cover unexpected expenses. This could be an emergency car repair, hospitalization, or worst- a sudden job loss! Ideally, an emergency fund should be 3 to 6 months of your expenses.

Funds for Treats

Set aside some money to pay for treats such as holiday or an expensive piece of furniture for Christmas.

Future Spending

Save up for something specific in the future such as wedding, a new car or retirement.

Insurance

There are lots of different types of insurance which you can take out to protect you and your family in case of unexpected financial difficulty. The advantage is that it can generally pay out as soon as you’ve bought the policy, although there are some exceptions. It can take a while to build up savings and you might not have enough to cover what you need if something unexpected happens.