My Pagibig Fund Contributions

I remember last year while I was inside the jeepney on my way to our office, as my mind was occupied with mutual funds (still thinking when & where I can open a mutual fund account that day), I saw a passenger seated beside me holding an envelope with a logo of Pagibig fund. What caught my attention was the text beside the logo " HOME DEVELOPMENT MUTUAL FUND ". Wooow, why didn't I think of that? Hey, I've been searching for a mutual fund company not knowing that I'm already a member of it.

Last week as I was arranging some of the important documents/papers, I found an interesting printouts in my cabinet - "the summary of Pagibig contributions". From what I remember it was last year when I requested my colleague to help me to get a printed summary of all my contributions in Pagibig. I was so happy when I found it because I thought I lost it already.

Summary of my contributions as of July 2014

Imagine, I've been a Pagibig fund member for 15years and I already have 180 monthly contributions.
As shown in the above photo, the employee & employer both have a contribution plus the total dividends added to it which brings me to a sum of P 50, 605.93 that I can already withdraw anytime since they now have an optional withdrawal @ 10 or 15 years of continuous membership. "Di ko pinapansin ang Pagibig fund dati kasi P 100.00 lang ang contributions ko per month dito ngayon ko lang napansin na malaki na rin pala ang dividend gains nito".

As a regular employee with a typical mindset before, my initial action would be to file a salary loan on Pagibig fund after completely paying it for two years. But with the Pagibig fund interest rate of 10.5% per annum on the Multi-Purpose Loan added every year on the 80% loanable amount of your TAV, I now value every peso that I will lose if I make that loan again. I made a rough computation today & the total interest for MPL (Multi-Purpose Loan) is approx. P 8,501.78 --- sayang di ba? And why would I file a loan - di ko pa naman kailangan di ba?" Ang sarap kayang tingnan ng payslip ng walang salary loan sa SSS & Pagibig fund. (Note: I finished paying my Pagibig loan last 2013 & my SSS loan last Nov 2014).

As for the optional withdrawal on my contribution, no plans of withdrawing it yet. I plan to continue my pagibig 1 savings/contributions until I retire. I added that TAV (total accumulated value) on my networth today.

My Total Savings & Investment / Total Networth / Target Goal for 2015

I made a 10k cash loan again last week that I will use on my lending raket here and I also made an additional 1k on my FAMI balanced fund.
So my new target total savings & investment this year will be P 61,028.78 or 168 sets on my 365 pesos savings starting today. Hmmm, visualizing these numbers again "200,000.00" :)

Though my plan to open a Pagibig 2 savings program didn't pursue last week because I was informed that our company is still trying to settle some of our unpaid contributions, I hope & pray that our company be able to rise up from the financial crisis that we are experiencing today.


Though my priority now is to study again, I still feel that I'll be able to reach my new target this year.

Go for the Goals again this 2015!

Happy Weekend :)