There’s no denying the fame of P-pop group SB19. Recently, the five-member group officially closed their world tour concert "Pagtatag" with a two-day, sold-out performance at Araneta Coliseum.
But let’s get real. Fame and celebrity status are not permanent and can be unpredictable. With that in mind, we asked SB19, GCash's newest ambassadors, how they manage their finances to ensure they have enough for rainy days. The group also shared investment tips for today's youth.
Q: GCash also has an investment feature. When it comes to investing, how do you invest your money?
Josh: Yes, actually kung mahilig kayo mag invest, maraming investment products ang GCash, yung GSave. Pero personally, tintreat kong investment talaga ang savings ko rin. Importante yun eh, kasi yung perang nilagay mo may kinikitang percentange, parang pag ginagamit mo yung GSave sa GCash, kesa minsan naka-imbak lang siya sa ibang banks na maliit lang interest. Meron din siyang benefits for emergency money. So kung GSave gamit mo, at the end of the day iba pa rin kase ‘pag yung money nagwo-work for you. (Yes, actually, if you like to invest, GCash has many investment products, like GSave. But personally, I also treat my savings as an investment. That's important because the money you put in earns a percentage, similar to using GSave on GCash, rather than sometimes just keeping it in other banks with low interest. It also has benefits for emergency money. So if you use GSave, at the end of the day, it's different because your money is working for you.)
Ken: Tsaka tamang tao (haha). (And the right person)
Q: Please give three investment tips for the youth.
Ken: Don’t trust too much. I mean it’s a reality check lang, especially when it comes to our hard earned money. Huwag masyadong [magtiwala], kailangan mong piliin yung taong capable at pagkatiwalaan mo. (Don't trust too much. I mean, it's just a reality check, especially when it comes to our hard-earned money. Don't trust too easily; you need to choose someone who is capable and trustworthy.)
Stell: Alamin mo ano talaga yung need mo in the future. Maraming mga bagong gamit, trendy makeup, and more. And siyempre gusto natin makasabay, but isipin muna natin kung super kailangan ba talaga. You can buy parang ilan lang, hindi yung porket may bagong labas, bibilhin mo siya agad. Parang imbis na gumastos sa mga bago, ipunin mo para in the future or kung meron kang gusto na bigla mo kailangan, at least may huhugot ka kasi mahirap yung walang wala ka tas kailangan na kailangan mo din wala ka. (Find out what you really need in the future. There are many new items, trendy makeup, and more. And of course, we want to keep up, but let's think first if we really need it. You can buy just a few, not because something new is released, you'll buy it right away. Instead of spending on new things, save for the future or if there's something you suddenly need, at least you have something to draw from because it's difficult to have nothing and then you desperately need something.)
Josh: Don’t live above your means. Don't put everything in one pot.
Stell: Don't be an impulsive buyer.
Josh: Siyempre maraming tayong dapat pinaglalaanan din, and huwag ka mag-aall in sa isang bagay kasi what if lumagapak yun baka mawawala ang investments mo. (Of course, we have many things to allocate our resources to, and don't go all in on one thing because what if it fails, you might lose your investments.)
Justin: Make a list for your needs, for your house, for your future, for the emergency funds.