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Neri Miranda Buys Insurance For Baby Cash, Trabaho Ng Magulang Na Maayos Ang Pagtanda Ng Bata
PHOTO BY INSTAGRAM /MRSNERIMIRANDA
  • One-year-old Cash Miranda is insured and now has his finances in order till he is a senior citizen. Neri Miranda shared on Instagram that she just opened two insurance accounts for her youngest son, one for stocks and another for life insurance.

    “Para kapag seniors na sila, di sila maghihintay ng ibibigay ng mga magiging anak nila… kukunin nalang nila sa insurance nila. O di ba? Sobrang advanced ko mag-isip? she shared on her social media.

    Neri added, “Hanggang sa pagiging senior nila, gusto ko naka ayos na. Wais eh! 

    Wais Misis, Neri’s nickname, said that apart from preparing her son’s finances till he is in his golden years, she plans on teaching him to do the same for his future kids. “At ituturo ko rin sa mga anak nila para mas panatag sila na magiging ok and kinabukasan ng mga bata.

    Neri is well-loved by netizens because she generously shares her tips on being wais, from running a household to setting up businesses. She shared that the money she used for Baby Cash’s insurance came from his talent fee from his endorsement and monetary gifts he received from his ninongs and ninangs. 

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    She divides Cash’s money into three: savings, insurance, and investing in properties or businesses. Yes, at just one year old, Cash already has a financial portfolio!

    RELATED: Just Like Kuya Miggy, Neri Miranda's Baby Cash Now A Condo Unit Owner

    “Inaayos ko na talaga yung future ng mga bata. Ayun ang trabaho nating mga magulang, ang siguraduhin magiging maayos sila hanggang sa pagtanda.

    Neri added, “Wag na wag natin isipin na keyso pinag-aral natin sila ay sila na ang bahala sa atin sa pagtanda. Hayaan natin silang mag grow at mahanap nila yung buhay na gusto nila.

    She advises that parents must only provide their kids support. “Andito lang dapat tayo anytime na kakailanganin tayo, to love and guide them. At unang unang taga suporta sa kanila.

    RELATED: 'Bata Pa, May Negosyo Na' Neri Miranda's Son Miggy Already Has His Own Condo

    What parents are doing with their kids’ cash gifts

    While not all babies have endorsements and receive talent fees like Baby Cash Miranda, most still receive cash gifts. The amount isn’t as important as what parents decide to do with it. When compounded, birthday and Christmas aguinaldo can be a good amount.

    Previous Smart Parenting articles share what other parents did with their children’s cash gifts:

    1. Save it.

    Open a separate account for your child and when they’re old enough to make financial decisions, involve them in it. 

    2. Invest it in stocks.

    For Drew Arellano, his general rule was to invest a hundred percent of what their family makes in a project together in stocks. This is can be another way to look at extra money that comes your family’s way or money gifted to your child.

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    To know about how a family used their child’s cash gifts to help setup a business venture when she turned 13 years old, read this story.

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