Start The New Year Right: Tips On How To Build A Financial Bucket List

There are more than enough horror stories about young professionals being drawn into the excessive use, and sometimes abuse of credit cards. What follows them is the problem of dealing with their debt, which can considerably eat into one's earnings.

Credit in itself can help a person manage his or her finances, if used properly. An understanding of how it works and how it can work for your financial situation is a crucial step. However, if one does not see how it can help them or if one does not see the need for it, it is best to forego it altogether.

The best way to prepare for any eventuality is to set aside something every payday, preferably a set amount, to an emergency fund. To make sure you keep your hands off and not be tempted to access it, try setting up a traditional passbook account. The fact that you need to go to the bank in order to withdraw may be disincentive enough for you.

At some point, when your emergency fund reaches an amount big enough, you can also opt to use it for a long-term wealth building strategy, such as getting an insurance and investment plan in one, such as those of BPI AIA.

If you are lucky enough to be one of those young professionals who belong to the Millennial generation, you will surely have more than enough opportunities to earn. Freelancers, for example, do not rely on just one but several sources of income. Or you may simply be passionate enough to pursue something that it's worth doing beyond your day job.

Whichever the case may be, diversifying your earnings means having better chances of saving for your future and even for things you would like to do eventually.

Nowadays, insurance is not just about protecting oneself and one's family from life's uncertainties. Life insurance in the Philippines have diversified as well. They provide not only protection, but also getting the most out of your hard-earned money.

BPI AIA, for example, offers flexible plans that combine accident and life coverage with investment options. These plans not only provide rewards that you reap in the long run, but also those that you can enjoy as early as your first year of coverage.

Through BPI AIA's health and wellness programs, you can get rewards as you take steps in knowing and improving your health. For example, taking regular medical assessments as recommended by the program not only keeps your health statistics in check, but also means a corresponding number of points that you can earn to get rewards.

You can also join organized fitness events with partner establishments or achieving goals set by the program. As you take these steps toward health and wellness, your status in the program increases. A higher Vitality membership status corresponds to additional coverage, to as much as 50%.

Too much of something is always not good, so while you have your bucket list to fulfill, you cannot forget to take a break from work and enjoy time with family. Remember that your wealth will not be worth anything if you are not around to enjoy it.

The BPI AIA Wellness Series products that are bundled with AIA Vitality helps and rewards members along their journey toward better health. With partners in diagnostic and medical care, one can avail of discounts in laboratory tests and the like. The program also has gym and sports equipment partners where members can enjoy membership or merchandise discounts. And to sweeten the pot some more, your hard-earned points are best enjoyed with leisure partner establishments, where you can watch a movie, enjoy a vacation with the family or travel.

As we mark the end of another year and the start of a new one, maybe it's high time to reconsider our own bucket list—things we want to achieve, places we want to go to, and experiences we long to have. However, let us not forget to pay attention to building our wealth and protecting it so that we can reap the rewards later on in life.

To know more about BPI AIA's Wellness Series, visit the BPI AIA website.