Save or Splurge?

Save or Splurge

This June, let’s celebrate financial independence with Sun Life Financial Philippines.

Celebrate Financial Independence

Rise PH

To be invited in an event like this is an honor. Sun Life Financial Philippines celebrates financial independence this month of June. The workshop was held at Makati Shangri-La and listening to the speakers was such inspirational. But before entering the hotel for the workshop, you will see this very intriguing bus:

Save or Splurge

Money for Life: Bus to the Future

From the speakers, it has been said that Sun Life Financial Philippines aims to have five (5) million clients by 2020. The plan is dubbed “Rise PH”.

This gives rise to Filipinos to have an opportunity of the lifetime to have a chance to gain more financially through investing and availing of insurance. People get scared of investing and availing insurance due to the rampant reason like scams or having to pay for expensive monthly dues.

As a student like me who lives on the minimum, investing money and/or paying for insurance maybe a big question mark. Availing of it maybe a great deduction so it’s really a tough decision to make.

Yet, from what I had learned from the workshop, it’s a never-ending cycle that we, Filipinos, face. We fail to invest at a certain age and start investing on the latter then eventually, our investments are never enough to suffice for the post-retirement stage in life. It’s quite eye-opening since for just an amount of Php 5000, it could go places and be able to grow.

Save or Splurge

Speakers and the people behind the workshop.

Rise PH champion financial inclusion in the Philippines, where only a small percentage of the whole population utilizes financial products such as insurance and investments.

Despite the bright prospects that the country’s economy has, prosperity still hasn’t trickled down to the more disadvantaged sectors of society. We have to address this.

Riza Mantaring, Sun Life President and CEO

It also aims to educate younger people since they will be the ones to replace us in the future to start investing at the young age. We’ll never know when will we need the money but surely, it will come sooner that we think.

Financial Independence Month

For three (3) years now, it has been celebrated by Sun Life Financial Philippines to highlight and celebrate the importance of being financially prepared among us, Filipinos.

As I’ve mentioned above that the first thing that captivated my eyes during the event was the Money for Life bus. Inside the bus, there’s a virtual reality video that you will be able to watch and see different stages of life; of course, you’ll be able to see it through the VR headset. This will let you see how life is and how will it be if you make the right choices.

Save or Splurge

Inside the bus.

What was intriguing was hearing that you will see Piolo Pascual in it and it did not fail! Piolo was there and telling something about investing and saving. On the plus side, there’s a chance to win a trip with Piolo outside the country.

Save or Splurge

When it was my turn

It was pointed out that creating a financial plan will ensure that we will have enough funds for every stage of life. From being a young adult to having to settle with your own family and eventually, retirement. From the vicious cycle that was mentioned previously, some of the retired people are dependent on their children for living since the pension may not be sufficient to support them throughout.

The so-called “Bus to the Future” will be going to malls and various campuses nationwide. Its aim is to orient people about investing and saving.

I really wished the bus was at our school back in college so it also enlightened us who are in the 20s crisis about saving and investing and also purchasing insurance.

You can see the bus at chosen malls:

  • Bonifacio Global City – High Street on June 11
  • Eastwood on June 19
  • SM City Cebu on June 25
  • Solenad, Nuvali on July 2

Not only that you will be able to see it in malls, you could catch it at various campuses in the country:

  • Mapua Institue of Technology (MIT) — June 2
  • Ateneo Graduate School of Business — June 12
  • De La Salle University — June 16
  • University of the Philippines (Diliman) — June 17
  • San Sebastian College — June 20
  • University of San Carlos (Cebu) — June 24
  • Lyceum of the Philippines University (Manila) — June 29
  • University of the Philippines (Los Baños) — June 30

All the bus stops will have financial advisors that will be there to accommodate questions and inquiries.

For those who will not be able to catch the bus at the stops, you could still get a push in your financial journey with the Money for Life e-Planner. Just proceed to this link and you can immediately start financial planning and get suggestions and product recommendations. You could even buy mutual funds from Sun Life Asset Management Co., Inc.


This June marks a new beginning as Sun Life embraces its goal of serving five million clients in five years. We are very much excited about the possibilities, and we look forward to helping our country rise to reach its full potential.

Riza Mantaring, CEO and President

Sun Life Financial

Sun Life of Canada (Philippines), Inc. is a member of the Sun Life Financial group of companies, a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, United Kingdom, Ireland, Hong Kong, Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2015, the Sun Life Financial group of companies had total assets under management of $891 billion. For more information, kindly visit their site.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippines (PSE) stock exchanges under the ticker symbol SLF.

So, what will be your decision?

Save or Splurge?


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  • Reply
    EG III
    June 18, 2016 at 11:40 AM

    It’s not just Filipinos who are failing to invest young, unless from an affluent background, many of the millennial generation have failed to do so from an early age. The bus to the future seems like an amazing opportunity that has been started in your country and I hope that many people will take advantage of it.

  • Reply
    June 19, 2016 at 7:54 PM

    Kristine, I have always told people to save money. Once there is enough savings for contingencies, then the next step is to continue saving and use that money to grow. How it can grow depends, and certainly there are many choices, one of them being Mutual Fund by SunLife.

  • Reply
    Stella the Travelerette
    June 19, 2016 at 11:36 PM

    That sounds really great! It’s often hard to get young people to save. I am lucky that my employer insists that I give some of my money to a retirement fund. Then they match what I put in! But not everyone is so lucky.

  • Reply
    The Visual Traveler
    June 20, 2016 at 3:49 AM

    It’s nice to know that young people are being taught how to properly save. If I had this type of exposure when I was younger, I would be retiring right now. This is a very helpful reminder to everyone. Just be consistent.

  • Reply
    Denice Diaz
    June 20, 2016 at 11:52 AM

    I know what it feels like to be trapped by the never ending cycle of finances going down. I think that is why I really advocated having an insurance policy that also acts as an investment vehicle.

  • Reply
    June 20, 2016 at 12:35 PM

    This sounds great! I have just started working and have always had savings in the back on my mind. But as bills start to pile up and expenses getting more and more expensive, it’s hard sometimes! I just really need to keep trying my best to save for the future 😛 Hehehe.

  • Reply
    June 20, 2016 at 1:17 PM

    Fun and essential event for sustainabilty and financial education. Not all fillipinos have grown how to save ‘properly’ but it’s not yet late to start doing it.

  • Reply
    June 20, 2016 at 4:46 PM

    Aw saving! I am guilty! I really want to save money but I sometimes can’t resist buying food or clothes. Gastador nga ako pero ginagawa ko naman best ko para maka save, minsan hindi nga lang effective haha hope I would go to SM City Cebu this coming 24, I am willing to learn about investing and on how to save money because I really need to save money haha btw you you have any idea kung anong campus sa San Carlos Cebu? thank you 🙂

    • Reply
      June 20, 2016 at 10:07 PM

      Hola! I have no idea to which campus in San Carlos Cebu. 🙁 Best to try to visit it on the 24th. I can feel you. Food and clothes are really savings killers!

  • Reply
    June 20, 2016 at 6:23 PM

    Blame the splurging habit of Pinoys from the retailers who introduced midnight sales, and then the worship of new gadgets, specially iphone.

    Sunlife should be congratulated for pursuing this advocacy. I believe financial literacy should be incorporated in our educational curriculum .

  • Reply
    June 20, 2016 at 8:23 PM

    What a fantastic action ! They are making a really interesting thing out of it for the younger generation . I believe , just standing in front of people and talking a lot of theoretical things will never be as interesting to visit as this bus is ! The technology they are using will attract a lot more people than any good speech could ever do . Great idea !

  • Reply
    Maaya Legaspi
    June 21, 2016 at 2:00 AM

    This is a great initiative for sun life. And yea, it is advisable to invest while still young because money grows over time. As for me, i started investing in manulife a year ago and it was from my savings on my work. And today, i just paid for my second year. Still believed that this is one of my greatest investment 🙂

  • Reply
    June 21, 2016 at 9:38 AM

    I think it’s great that there’s a lot of avenue for young people to learn about investment. I admit I haven’t started with any financial investments yet. My plan is to go abroad sometime next year, so I’m wondering if I should still start with an investment plan here in the country. What do you think?

  • Reply
    berlin maynigo
    June 21, 2016 at 8:01 PM

    I myself believe that kung may sinuksok may madudukot. I worked for 17 years as a marketing person and saved a decent amount. Now that I am staying at home, I have money to use to survive until I find a work at home gig for myself. Getting an insurance is a wise investment as well and I hope the youngs of today consider saving even a small amount every month. The money they have saved will definitely do them a big favor in the future.

  • Reply
    Rachel Arandilla
    June 22, 2016 at 12:04 PM

    Oh wow! I didn’t know it was Financial Independence Month.
    I would just like to share, I grew up in a family of misers and I am quite thankful for that. Even if I grew up envious of my peers because I did not have all the toys they had because my family think it was ‘unnecessary’ (even if they could afford it) my family taught me important values of saving as well. I lived below my means, and when my friends complained about not having enough cash until the next paycheck (15th and 30th), I didn’t understand what they meant! I think a lot of financial institutions are great in teaching Filipinos the importance of Financial Education. I was blessed to be taught by parents, but financial independence is not ingrained in Filipino culture.

  • Reply
    Princess Mikee
    June 22, 2016 at 6:37 PM

    I am guilty of all the trust issues because of scams that is why I haven’t tried any insurance or plans. It is true that it is important to save for the future. I might rethink of it again. Glad you are enlightened and share it with us.

  • Reply
    June 22, 2016 at 9:07 PM

    The bus looks really cool! It’s nice how they use VR for this. Makes it probably nicerto hear a financial story.
    Yes, it is important to save and think about later years! I’m always trying to. But just on my own.

  • Reply
    Samantha Coronado (@followyouroad)
    June 22, 2016 at 9:21 PM

    I really love it how companies are advocating financial literacy. I’ve been financially independent since I graduated, and I opened my life insurance two years after. I’m on stocks, I have a full time job and a side hustle. I think I’m on the right track, thanks to reading finance books as early as high school

  • Reply
    June 24, 2016 at 11:12 AM

    My friend whose working in sunlife also explain thesame, trying to slowly build it right now, indeed it a good advocacy by sunlife to let people know about how important it is to be financially stable

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