Monday, November 6, 2017

SSS Loan Restructuring Program

Part of my goal last year was to pay my SSS loan that I took late 2012. This wasn't done so I had to recycle this goal to this year. Good thing, they have a restructuring program that's open to those who has a delinquent loan status.

Just to give you a background, I took out the loan without knowing where to put the money. Maka-loan lang ganun! Hahah. I cannot remember if somehow, I had the need back then but definitely don't remember using it to something worthwhile. I submitted the voucher 3 months late to our payroll because I didn't know that I had to. Basta tinago ko lang and I thought it will be automatically deducted na. Hay naku, those days na batang-isip ka pa talaga.

I know I have mentioned before that I tried to pay this off when I get back to corporate 3 months after giving birth to Jami but our company said I cannot since it's near maturity date daw. Good thing, the SSS Loan restructuring program opened its opportunity last year up to April 2017.

When my schedule allowed me, I took advantage of the program to finally settle my outstanding loan with SSS.

How to Apply in SSS Restructuring Program 

 

Photo from sss website
Applying for the program is easy.
  1.  You just have to go to the nearest SSS branch and ask about the Loan Restructuring Program.  
  2. You will be asked to fill out a form. Lining up can take a while but surely it will be worth the wait. When you're called, bring the paper back to the staff for processing. Take note that they require you to notarize some papers/forms.
  3. You will be asked to wait for your name to be called again. This time, the paper works are ready and the staff will explain to you how much your amortization will be depending on how long you wish to pay for your balance. Once agreed, you will then sign the papers. Copies will be given for your own records along with a voucher like paper.
That's it! Or at least how I remembered it was. It just took a little over an hour waiting for my name to be called which I understand since it was the last couple of days of the program. You may check SSS website as to when the offer will recommence.

Paying the SSS loan is very convenient since you can drop by at any bayad center, Department Stores etc. I am paying mine here in Savemore, Chino Roces and so far so good. I haven't visited the SSS branch yet to confirm if my payments are going thru, but for my own records, I kept all the receipts just in case I need it in the future.

My SSS loan reached Php24,000++ because of interests and penalty. The principal amount was only Php15,000. Because of the restructuring program, I was able to minimize it to Php18,000. They removed the penalty charges around Php6,000+ which was a really big help. Sayang din yung Php6,000 ha. Anyway, I have decided to pay it for 24 months. I want to be able to pay it slowly but surely. Yeah, sayang yung interest rate charged for another year instead of paying it for 12 months lang but I opted to stick to my budget of less than Php1,000/month. I think it will be better knowing that I will be able to pay it slowly kesa mapasubo ako to pay more than my budget could allow tapos magmi miss din ng payment diba?

As of the moment, I was able to pay 6 months of my monthly dues so that means I have 18 months left. Thinking of it that way makes paying the loan easier than to think of it as if one and a half year ko pang babayaran. Lol! Hindi ko nga na feel na pang 7th month ko na this November.

Being under the restructuring program allow the members to pay the loans easier and be able to get back to non-delinquent status. During the course of the loan, the member is not allowed to apply for salary loan. You can only do so 6 months after your paying term. That means I will be able to take out a new loan November 2019 pa which is fine because I am trying to avoid taking out new loans. =) By the way, if any chance you missed the payment in three consecutive months, the penalty amount taken from your loan will be returned back. At least that's how I remembered the staff's explanation. If you have further questions about the program, please call the SSS hotline 920-6446 or visit any branch.

I know being able to pay my loan from SSS is a huge relief. Ang lakas maka feel ng financial freedom! Loooll!! Hahaha joke lang. But yeah, it feels good paying your debts and knowing that you don't need a new debt to cover the previous one. =)

When I get the chance to visit the SSS branch, I will update this post to confirm that all my payments are indeed being submitted correctly. For the meantime, let's assume that it is and all is well. =)

Friday, November 3, 2017

Jami's 4th Birthday Celebration


It took a long while before I post another entry ano? Mejo naging busy lang ako setting family goals, hehe. I also re-opened my small time business so during free time at home, yun lang ang madalas kong gawin. I have no time to check things online kaya during office hours, mejo busy ako kakacheck! Lol!

Joke lang. =D

Syempre nagwo-work ako! Hahaha.

Anyway, one of the things that I look forward this year was Jami's 4th birthday. Since he started going to school, I know he got to at least celebrate one birthday at school. It was a perfect timing they still have regular school on the day of his birthday (fell on a Monday) but wasn't doing too much school stuff anymore because they are about to go on semester break.

It was Nanay whom I asked to speak to the teacher about the plan. His classmates have been celebrating birthdays in the school too, almost every month meron, minsan twice to thrice a month pa ang may birthday. Jami wanted to celebrate his birthday at school too since nakikita nga nya that his classmates sing happy birthday to the celebrant. Eh bida-bida tong anak kong to kaya gusto nya din ganun! Hahah. Last minute, Jami wanted to celebrate his birthday at home na lang kaya lang, nakapag notify na kami sa school.

I have decided to order Jollibee meal the night before his birthday. Since we were on a tight budget, I only ordered what I think the kids could eat in school. I don't want to go all out since we still have to allot a budget to celebrate at home. We had Jollibee Spaghetti and Yum burger which cost me more than Php 2,000 for 23 students plus 3 Jollibee Spaghetti with Chicken for his teacher. The crew I spoke to doesn't recommend to add fries, shanghai or even drinks dahil madaling mag lapse yung food. I actually ordered exact number of meals only, walang pasobra dahil may food pa naman sa bahay for lunch.



I have paid the orders in full so I only have to pick them up early next day. Our pick up time was 9:30am and the food has to be ready at 9:20am. It was a breeze placing such amount of order in Jollibee Casimiro.  Please bear in mind that only orders Php3,000 and up can be delivered for free. We arrived just in time and I am really glad that the food was ready so we didn't waste any time. The party will start at 10am and I want to be there earlier than that. On our way back to the school, I saw a local store that sells Dan Erics ice cream so I ordered 28pcs of regular ice cream in a cup for 10/each, bought Zesto tetra pack the night before for their drinks and an 8x8 dedication cake from Red Ribbon for candle blowing. I was really looking to buy a custom-made cake for Jami but I have decided last minute to buy local cakes.


When I was asked to go inside, we prepared the cake and his classmates sang Happy birthday song for Jami. I can see that he was overwhelmed and a little shy since nasa harap sya ng classroom! OMG, I was really happy kasi I never experienced that during my school days. Mga RK (rich-kid) lang talaga yung may kaya nyan before. Hahaha! We then distributed the food to the kids with the help of the teachers.


It was a very simple birthday party for a short period of time but the happiness it brought me, Daryl and Jami are beyond measure. For someone who didn't get the chance to do something like that, it feels surreal! hahaha OA lang. But yeah, thinking about it now makes me feel happy, - for Jami. I am so happy Daryl and I made this happen together. He did absent himself from work just to help me out and witness this new milestone for Jami. =)

After the school party, my sister and Sab arrived. They played for a little while and ate what's left in school (they had 3 absences) kasi wala pang food. I called Ambers in Las Pinas for delivery but because of the volume of orders they received that day, they can accommodate and deliver mine at 1pm pa daw. I agreed na lang since it will also take time if we order over the counter sa branch nila. I bought another cake so Jami could blow one at home. Yan lang naman ang dreams ng batang yan, mag blow ng candle hahaha!


I have been asking him the whole day if he's happy and he kept on saying "Yes". That's what's important naman diba? Ako, I don't care if we don't have so many visitors as long as our families are there to celebrate with us. As long as Jami's happy, his Daddy and I are happy.

Dear Jami,

You've grown up to be a super kulit but sweet and smart boy! I am really surprised how you do academically. I know we have very limited time to do "study time" at home and we can only do it if it's exam week but you never failed to do your best and understand your lessons. I feel pressured actually sa dami ng perfect scores mo, I don't know why! hahaha. Joke lang naman kasi Anak yung sinabi ko sayo na "gusto kong umakyat ng stage sa graduation mo eh". Hahaha! I was just kidding and was only trying to challenge you but yeah, you're doing it! Hindi ko nga alam kung naintindihan mo ba that's why I am so surprised every time you come home with perfect exams. I want you to keep doing it. Don't be afraid of change and that always try your best in everything that you do. I know you still have a lot of things to learn and I am quite unsure at times if what I am doing is right. I am praying so hard that God help us to guide you and mold you to a better person in the future. I want you to reach for your dreams but never ever afraid of failing. Just keep trying! I love you my baby! You are the best thing that ever happened to Daddy and Mommy and we couldn't ask for more. 

Again, Happy Birthday and wishing you good health, be smart and a good, loving heart. I love you! =)