Wooden paper bill money bank

@averygirl72 (37753)

Philippines

November 3, 2022 7:57pm CST

My youngest sister is really excited in our plan to build a brand new house. She ordered this wooden paper bill money bank for our house funds. We will skip borrowing loan in Pag-ibig funds because there are so many requirements. They are looking for banks that offer housing loan. We don't have problem with hardware construction materials because there is a hardware near us that would allow us to down 50,000 to 100,000 pesos and we can start to get all the materials we need and pay them little by little. Our real problem is labor because the construction workers have to be paid weekly and it is very costly. The money bank is made of wood and glass. You can see the money inside. It is for paper bills only no coins. My sister collects extra paper bills that we have everyday. I hope by next year the construction will be started

15 people like this

15 responses

@shaggin (71665)

• United States

4 Nov 22

If you have a lot of money in something like that and it gets stolen that would be horrible. You guys don’t have a savings account at a bank?

2 people like this

@averygirl72 (37753)

• Philippines

4 Nov 22

I don't know but she likes to have one. So far money is safe in our house. Maybe she will put it in the bank once it gets full

3 people like this

@JudyEv (326126)

• Rockingham, Australia

4 Nov 22

Good luck with this. It will be exciting to see the paper bills gradually starting to fill the money bank.

1 person likes this

@averygirl72 (37753)

• Philippines

4 Nov 22

Thank you. At least we are making effort to save for our future house

2 people like this

@averygirl72 (37753)

• Philippines

7 Nov 22

@JudyEv Thanks

1 person likes this

@JudyEv (326126)

• Rockingham, Australia

4 Nov 22

@averygirl72 And I am sure you will get there too.

2 people like this

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@rsa101 (37968)

• Philippines

4 Nov 22

Yeah the hassle of applying for a loan is a bit challenging at times. I think you can get a reasonably lower amortization with PagIbig if you are able to comply with the requirements they need. Banks would usually give bigger amortizations and Interest.

@averygirl72 (37753)

• Philippines

7 Nov 22

What do you mean amortization?

1 person likes this

@rsa101 (37968)

• Philippines

7 Nov 22

@averygirl72 you monthly payments for the loan.

@averygirl72 (37753)

• Philippines

7 Nov 22

@rsa101 Ah I see. We need wisdom in making the decision

1 person likes this

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@popciclecold (35430)

• United States

4 Nov 22

Gee, sounds really interesting. Glad she will get her house.

1 person likes this

@averygirl72 (37753)

• Philippines

4 Nov 22

Our house actually but she is the decision maker

2 people like this

@popciclecold (35430)

• United States

4 Nov 22

@averygirl72 Congrats.

2 people like this

@kaylachan (58225)

• Daytona Beach, Florida

4 Nov 22

I wish you the best of luck with that.

1 person likes this

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@kaylachan (58225)

• Daytona Beach, Florida

4 Nov 22

@averygirl72 Welcome.

2 people like this

@averygirl72 (37753)

• Philippines

4 Nov 22

Thank you

1 person likes this

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@RubyHawk (99423)

• Atlanta, Georgia

4 Nov 22

I hope all your house building plans work out.

1 person likes this

@averygirl72 (37753)

• Philippines

4 Nov 22

Yes next year. Hope in 2024 our house is finish

2 people like this

@RubyHawk (99423)

• Atlanta, Georgia

5 Nov 22

@averygirl72 I'm hoping with you.

1 person likes this

@jstory07 (134633)

• Roseburg, Oregon

6 Nov 22

I hope the construction will start for you next year. Good luck with that.

@averygirl72 (37753)

• Philippines

7 Nov 22

Thank you. As early as possible

1 person likes this

@wolfgirl569 (95732)

• Marion, Ohio

4 Nov 22

Wish you lots of luck

@averygirl72 (37753)

• Philippines

4 Nov 22

Thank you

1 person likes this

@sol_cee (38222)

• Philippines

4 Nov 22

Oh wow and it’s reusable

@averygirl72 (37753)

• Philippines

4 Nov 22

I still haven't check how to make it reusable it just look exactly what we have bought

@cacay1 (83220)

• Cagayan De Oro, Philippines

4 Nov 22

That's true laborers fee this time so expensive especially the lead man. The least is 600 per day up to 2000 per day.

@averygirl72 (37753)

• Philippines

7 Nov 22

Yes it will worth a million too to pay just for labor

Valerie J. Routhieaux

@just4him (307132)

• Green Bay, Wisconsin

4 Nov 22

I wish you much success with your home-building project.

@averygirl72 (37753)

• Philippines

7 Nov 22

Thank you. We really pray for it

1 person likes this

@josie_ (9763)

• Philippines

4 Nov 22

Depending on the quality of work, labor is between 20-40 percent of the cost to construct a house. You should have a reliable person to watch/ supervise the workers as well as make sure construction materials are used prudently and more important not stolen from the job site.

@averygirl72 (37753)

• Philippines

4 Nov 22

It may take a million too for labor only

1 person likes this

@CarolDM (203451)

• Nashville, Tennessee

4 Nov 22

I wish you all the luck in the world with your new house.

@averygirl72 (37753)

• Philippines

7 Nov 22

Thank you. The earlier the better

1 person likes this

@merrybelle2021 (1389)

• Philippines

4 Nov 22

Which requirements from Pagibig are you having trouble supplying them? When it comes to repairs, carpenters and plumbers now do what they call pakyawan. They will tell you the total labor cost and how many days it will take, for example, 5,000 for 3 days (excluding cost of materials). I don't know how it's done for building a brand new house.

@averygirl72 (37753)

• Philippines

7 Nov 22

I think land title that is not yet named to us. Hope we save on labor

Nocturnal Writer

@Nakitakona (56302)

• Philippines

24 Dec 22

Why not avail of Pag-ibig housing loan? If you're a member of Pag-ibig. I think the interest is manageable.