Skip to main content

RCBC GoSavers' shapes kids in becoming young investors for a secured future


At the age of 7, my parents instilled in me the value of savings and how important it is to have “something for the rainy days.” When the popularity of the “Happy Savers Club” was at its peak, I have the sole decision to transfer my account there, well simply because I was crazy over Sanrio and savings is more fun because of it. And wouldn’t you know it,” rainy days” for me was desperately buying that Little Twin Stars’ pencil case.

I also have a second bank account simply because there’s another bank in Lucena that time which gave away a very big pen if you open an account with a minimum amount of five hundred pesos. I remember pooling my baon for a month (luckily it was December then) just to get that ballpen. Looking back, I can’t believe I have two bank accounts even before I graduated from grade 6. The feeling of security of having money in the bank is great and I have this mentality that I am free to spend it whenever.

Just like then, today’s children also have their own goals and dreams that they want to achieve. From something as simple as buying the latest toy or gadget, to surprising their parents with a gift on their special day, kids want to have their own money so they can experience the feeling of spending freely. 


This is the reason why it is advisable to start them early on their financial journey. As parents of this eager young generation, it is important to guide them as they make their own decisions and show them the value of saving and how to handle their finances wisely.


Building a secure financial foundation

One of the most effective ways parents can first teach their children to save money is by letting them own a piggy bank. Coin banks encourage them to save a portion of their allowance and grow their money over time. In return, kids can use their savings to buy the things they want while at the same time learning the value of patience and perseverance.

Budgeting can also work for kids and teens who are given weekly and monthly allowances to spend. With a given budget, they can learn how to smartly plan for their expenses and prioritize where to use their money. This shapes them to become responsible and wise spenders in the future.

Once they get used to saving in a piggy bank, the next step is to open their own bank account. Having their own personal savings accounts, kids can learn independence and responsibility in managing their finances early in life. Likewise, it helps them grow and mature to become financially savvy individuals.


Aside from teaching kids to save money, parents can also guarantee a stable financial foundation for the young ones by getting them insured. With life insurance, parents can have greater peace of mind knowing their kids are covered from any unfortunate events. It also gives children security and freedom to enjoy life without any worries.

One of the most child-friendly banks that parents can trust in helping shape their kids to become smart young investors is RCBC with its new GoSavers Kiddie and Teen Savings Account. It comes with its own debit card and passbook that will assist children in tracking their hard-earned savings. It is also the first start-up savings account in the country that offers a comprehensive insurance package for both parents and the child.


With only a minimum initial deposit of P100, parents can already open a GoSavers account for their child. To qualify for the free Sun Life Grepa insurance, the account holder must make an initial deposit or maintain a 6-month average daily balance of at least P10,000. It promises lifelong protection for the family with its life insurance for the parents and personal accident and accident medical reimbursement for the child.

At the launch of RCBC GoSavers earlier held at the Test Kitchen Pasong Tamo, it was pointed out how it is important to start them young in saving, Emmanuel Valdes, Senior Vice President and Head of Deposit Products and Promotions Division shared that,“Our goal has always been financial inclusion for all Filipinos and part of that is educating children on how to save and manage their own finances.” He also that RCBC want to create a savings-conscious generation where the bank can enable and show to these kids how to intelligently and consistently grow their money for their own future.




With the RCBC GoSavers, parents can enjoy the guarantee of a secured financial future and safety for their kids.  It is open to children 21 years old and below and they can either apply online through www.rcbc.com/Personal/GoSavers or drop by at any RCBC branch nationwide. 

Comments

Popular posts from this blog

Dina dela Paz, Awarded as Most Influential Filipina in the World

Another Filipina awarded in the 100 MOST INFLUENTIAL FILIPINA IN THE WORLD.
Dina Dela Paz-Stalder, a skincare expert, was awarded with this prestigious recognition, specifically in the Founder and Pioneer Category (Global FWN100 Award) in Toronto, Canada on October 27, 2017, by Filipino Women’s Network. She was selected from an outstanding field of nominees from around the world.

The Global FWN100 Award™ recognizes 100 Filipino women who are changing the face of leadership in the global workplace.  It distinguishes them for their outstanding work in their respective fields, and further recognizes them for their achievement and contributions to society.  Dina Dela Paz-Stalder’s award and global recognition is another evidence of Filipino pride as she proves that Filipinos are also global leaders in terms of skincare innovations and extraordinary leadership.

Started from just a small steel pot for skincare formulations,  she now owns and leads the Stalder Group of Companies which includ…

City Garden Grand Hotel Holds 2nd GRAND Skills Competition

Today, students from the Far Eastern University, National University, Philippine Women University, Lyceum and the University of Sto. Tomas got together for City Garden Grand Hotel’s 2nd GRAND Skills Competition.


For the second time City Garden Grand Hotel hold the competition where the top 5 schools competed for the chance to be the best in the following categories: Table set up with Centerpieces, Food Art, Bartending/Cocktail Mixing, and Gourmet Student Meals.






For six hours, students took the time to set up tables with their own theme and menu, prepared gourmet meals, food art and concoct drinks. Then it was time for the judges to pick the best among the best. Judges includes Chef Miko Aspiras, Jill Meneses, Chef Dennis Peralta, Jason Hussein Ali, Jordan Tan.






Here is the list of winners for the following categories:
FOOD ART

1st Place:Far Eastern University (FEU) 2nd Place:LYCEUM 3rd Place:National University (NU)
GOURMET STUDENT MEALS
1st Place:LYCEUM 2nd Place:NU 3rd Place:University of Sto. …

POSIBLE.NET officially launched as it empowers Filipino MSMEs with greater possibilities

Thinking of a lucrative investment? Nope, this is not a get-rich-quick scheme but something you can depend on for many years to come. As we live in the digital world, we’re looking for ease and comfort while we do our daily transactions. Time is gold for everyone, and so does for our customers who want things fast and not bothersome. Introducing POSIBLE.NET, the latest aggregator of digital services that caters both to clients and those into small businesses.

Last January 24, 2018 POSIBLE.NET was officially launched at Holiday Inn and Suites, Makati City. With over 1,600 retailers nationwide to date, POSIBLE.NET targets to become the dominant community-based digital transactions network in the country and looked forward to a year full of possibilities, going with the theme “Empowering the Filipino MSMEs of Today.”


POSIBLE.NET, founded two years ago, currently offers more than 300 digital services to over a million Filipino consumers and has already generated close to P2 billion worth o…