Family

Talks about Mommy Ginger’s moments with her husband, child and the other members of the family.

Handling a Child’s Fever: Top 5 Tips

According to most contemporary healthcare practitioners, a person has a fever if they have a body temperature of 37.8°C or higher (taken with a mouth thermometer). An elevated body temperature can be worrisome or even downright scary when it happens to your child, particularly if they’re very young.

However, do note that it’s normal for kids to get a fever every so often. Usually, it’s because they have a minor infection like a cold. What’s more, fever is not an illness; rather, it’s a symptom that indicates an illness and that the body is fighting off the cause of that ailment.

Causes of a fever can include viral diseases, heat exhaustion, and even receiving certain medicines or vaccines. Your child may also experience a fever if they’ve recently undergone a medical procedure (e.g., blood transfusion), or is suffering an autoimmune condition.

If your child has a fever, you can try these home remedies to help bring down their body temperature. Just remember that it may take some time for the fever to be completely gone, so be patient.

Give Fever Reducers

If your child is old enough (make sure to ask your pediatrician), you can give them fever-reducing medicines like acetaminophen or paracetamol. It doesn’t matter if it’s a branded one or a generic medicine Philippines-based companies produce and sell in trusted drugstores. As long as the right active ingredients are present, it will provide some fever relief.

Of course, make sure that your child isn’t allergic to any of the components. You should also check the label so you can give the correct dosage at the right intervals. Most importantly, don’t give aspirin to infants or toddlers. When in doubt, consult your doctor.

Dress Your Child in Light Clothes

One of the most persistent old wives’ tales in the Philippines regarding fevers is that you have to sweat them out. Thus, a lot of mothers dress their feverish kids in warm clothing or bundle them up in extra thick blankets. Depending on when you were born, you’ve probably experienced this (or even done it to your own child).

However, this practice actually causes a further increase in body temperature and even results in discomfort. The better thing to do is to dress your child in comfortable, breathable clothing so that they can feel cooler as they recover from their illness. This doesn’t mean that you should crank up the setting of the electric fan or air conditioner to maximum, though. Rather, simply ensure that your child feels at ease and isn’t getting overheated.

Try a Lukewarm Bath

If dressing your child in light clothing doesn’t do much, try giving them a lukewarm bath or sponge bath. Using alcohol isn’t recommended, since it dries quickly and can result in shivers; in turn, this can cause a further increase in body temperature. A quick bath or shower will do.

In case you have a bathtub, don’t leave your child unattended even for a few seconds. Get them out of the tub after a couple of minutes and make sure they’re completely dry before dressing them up in cool, comfortable clothes.

Hydrate

Sometimes, your child might lose their appetite or find it difficult to eat or to swallow their food when they have a fever. This can cause a lot of problems, especially since the body needs to stay hydrated to regulate body temperature.

If your feverish child isn’t in the mood or thinks that plain water is boring, try giving them fruit-infused water instead. You can also try fruit juices or even popsicles. When it comes to food, soups are a great source of fluids and electrolytes. Meanwhile, small treats like flavored gelatin can also help a bit with hydration and whetting their appetite.

Let Them Rest

Finally, your child needs a lot of rest to let their body recover from their illness and fever. Minimize their screen time and let them sleep as much as possible. If it’s time to drink fever medicine but your child is still asleep, don’t wake them up. Unless you have to adhere to a strict schedule, just give the medicine once your child wakes up and then adjust the timetable as needed.

Final Words

A fever can certainly be nerve-racking but it’s not always something serious. If your child is still active, alert, as well as able to eat and drink (and keep it down), then they’re probably only dealing with a minor infection. 

However, if your child is unnaturally pale or flushed, be on the alert. Take note of their body temperature, and if it reaches 40°C or higher, go to the hospital right away. A high fever in children, particularly infants, is a serious matter and often caused by severe infections.

You should also get immediate medical attention if your child’s fever goes on for days. If your child is younger than 2 years, a fever that lasts for more than a day is a cause of concern. If your child is 2 years of age or older, go to your doctor if the fever persists for more than 3 days.

How to Get Some Cash Back for the Money You Have Spent?

There are several ways to earn credit card points. There are bonus points that you can earn for every dollar you spend, which is beneficial if you shop a lot on your card. You can also use credit card rewards to travel more. You can earn extra points by making certain purchases. If you spend a lot at a restaurant, you can earn an extra three points for every dollar you spend. This way, you can get some cashback for the money you’ve spent.

Convert Your Points to Merchandise:

Some credit cards allow you to convert your points to merchandise or other benefits. These items typically do not have a 1:1 value, though, so you may have to spend more than you would usually on other items. In addition to this, you may also be able to donate your points to a charity. You should be aware that the value of credit card points is low, so it is more efficient to get cashback instead. If you want to use your points for charitable purposes, make sure to check out the expiration date of your freedom flex credit card.

Some credit card issuers let you couple up to two cards with one another, which allows you to transfer your points to another card with the same issuer. By doing this, you’ll be able to earn more points per dollar. Additionally, some offer bonuses for adding an authorized user to your account. These users are responsible for making purchases and will count towards the rewards pool. Always make sure to include trusted people to your authorized users.

Different Reward Programs:

Most credit cards come with different reward programs. Some are more geared towards travel and groceries, while others are more focused on dining, entertainment, and car hire. Other cards offer cashback and bonus points. Be sure to research which ones you prefer before applying for a card. It’s worth it to look into how you can use your points. After all, you’ll be earning them in the first place. So now that you know how to earn credit card points, you’re ready to shop.

Check the Terms and Conditions:

While it’s possible to earn credit card points without using a credit card, you have to choose a card that allows you to earn points. Most rewards cards let you earn points on everyday spending, while others give you more if you make larger purchases. You should check the terms and conditions of each card to decide which one is best for you. If the card offers a higher amount, go for it. Then, you’ll have the opportunity to redeem them for a variety of rewards.

There are Many Ways to Earn Credit Card Points:

The easiest way to earn them is to sign up for a rewards program. It’s best to find a card that offers rewards that are valuable to you and will help you achieve your goals. This is also a great way to get free travel and gift cards. There are countless ways to earn credit card points. However, you can also earn points simply by using your credit card.

There are a number of ways to earn credit card points. The most common way to earn credit card points is to use a rewards credit card. Most rewards credit cards allow you to collect points by making purchases of various types. Some of these cards allow you to redeem these points at a fixed amount, while others limit you to a specific number of dollars. These programs are often free, so you’ll never have to pay for them.

How I Dropped my Credit Card Debt to ZERO

Recently, I shared how I dropped my credit card debt of Php 700,000 to Zero.

If you haven’t seen the video, here is the video and the transcript. Hope you get something from this and learn from my experience.

How I dropped my credit card debt to Zero

[GINGER]: Hey everyone! I’m Ginger and I’m EJ and we’re here to bring another finance video from Team Arbo (say together). Haha! I think we should always do this intro! Haha! Anyways, we’re content creators and startup business owners who love sharing our experiences on personal finance, investing, business and parenthood. If you like our videos, please subscribe, share this video, click on the notification bell and leave a comment so that we can get to know each one of our, our dear viewers.

[EJ]: Today, we’ll be talking about how Ginger’s credit card bill increased so much and how she dropped her Php 700,000 credit card debt to zero in one year.

[GINGER]: To tell you honestly, I’m a bit embarrassed to share this with you, because I know exactly what I did wrong. And let’s just say, they’re not very good reasons. But I’ll still share what happened so that you can learn from my mistakes. And after each mistake, we’ll also talk about what we did to avoid making those mistakes again.

The first mistake that I made was to mix business expenses with my personal expenses. I knew that these business expenses can be reimbursed by the company anyway, so I just used my card for a lot of them. But, it took me a while to find the time to ask for reimbursement (with the tons of things that I do every day), so instead of being paid right away, my credit card bill, with both personal expenses and business expenses, kept on incurring interest.

[EJ]: To fix that, we made sure that all expenses were charged to the company credit card. If you have a business, you can ask your bank for the requirements to open a company credit card. This will make it easier for everyone in the business since this will also lessen reimbursements, which is usually a manual process. So aside from being easy, your finance team will also be happy!

[GINGER]: The next mistake was ordering too much take out and delivery. Personally, I usually order food either because I feel lazy and I don’t want to prepare anything OR I feel that good food is a reward for a hard day’s work. Now, there is nothing wrong with enjoying what you earn, and we believe that food is not the worst way to splurge, BUT, I think I overdid that — and soooo, I always went beyond budget. We would reach Php 30 to 40 thousand pesos for groceries and food delivery, and we just had 3 adults and 1 child that time in this house.

[EJ]: The way we fixed this was to set a groceries & takeout budget for the family. We set our food and grocery budget to Php 20,000 and we consistently monitor our spending every week. The good thing about this is that this is a pretty easy to control expense. If I feel like ordering something, just look at our budget and if we have some left, we order, otherwise, no choice, we cook. 🙂

[GINGER]: The next mistake was not knowing where I stood in terms of my debt right away. I just kept on delaying checking my bills. Honestly, there’s a lot of anxiety involved in doing this especially if you suspect that you spent a bit too much. In the long run though, by avoiding that quick pain I was setting myself up for a bigger shock later. 

[EJ]: In this case, we really just had to bite the bullet. First, we did an audit of Ginger’s credit card bills. We listed down all her credit cards and the interest rate for each – not all credit cards are the same, they had different interest rates. We also looked for loans and searched for ones that offered lower rates than what Ginger had with her credit card. We worked on transferring the balance of Ginger’s high interest credit cards to the lowest interest loan that we found. So instead of paying 24% per year on the credit card debt, we were paying around 18% per year on the loan. Granted, the personal loan wasn’t able to cover all of the debt, so some of it remained on the credit card. For that remaining amount, we looked at her other credit cards – we transferred the remaining amount to the lowest interest credit card.

[GINGER]: By the way, remember to double check if the rate being offered is per annum (that means per year) or per month. 2% per month might sound lower than 13% per year, but if you convert them both to per year – 2% per month is 24% per year!

[EJ]: So with that in place, our next step was to keep up with the payments. There are two ways to pay off debt: the Debt Snowball Method and the Debt Avalanche Method. In both methods, the basic rule is that you must pay the minimum amount due of all your loans & cards – this will make sure you don’t incur any additional penalties and expense. Where they differ is where you put any extra money you have.

With the Debt Snowball Method, you use your extra money to pay the card with the lowest outstanding balance. The idea here is that you set mini-wins for yourself along the way and you get a psychological boost when you see your cards start getting to zero.

With the Debt Avalanche Method, you use your extra money to pay the card with the highest interest rate. This makes sure that you’re cutting the total interest payments you’re paying because you’re getting rid of the high interest rate cards first.

Ginger used the Debt Avalanche Method. 

[GINGER]: Speaking of extra money, the last thing that I did was that I looked for extra income to pay off my debt. Now THAT was really hard. I already had a busy day with my startup and a lot of work in my events management company BUT aside from that, I would still create content for brands and advertisers. We also got into KonMari and discovered that we had so much stuff in brand new condition but were not being used – I sold those on Carousell. Between my influencing gigs and my occasional selling, I had extra money that I used to pay off my debt using the Debt Avalanche Method.

[EJ]: And that’s basically everything we did to pay off Ginger’s credit card debt. Now, It doesn’t mean that we hate credit cards. In fact, you can still use credit cards to your advantage when you know how to use them correctly. We’ll talk about how to use credit cards properly in one of our future videos.

[GINGER]: We hope that you learned a lot today, and we hope that you can finally pay off that credit card debt! If you like this video, please hit that like button, share this video, comment below and hit that notification bell.

[EJ]: This is Team Arbo, hope you have a nice day. See you in our next video!

Investing in Cryptocurrencies

We just released a video about investing in a volatile crypto market. We shared our experiences and how we personally started and how are we investing in cryptocurrencies.

Here is the transcript:

[GINGER] Hey everyone! We have another interesting episode here at GTV for you. I’m Ginger Arboleda and I’m EJ and we’re content creators and startup business owners who love sharing our experiences on personal finance, investing, business and parenthood.

[EJ] Investing in Cryptocurrencies has become more popular, but before getting into it, financial vloggers often warn you that the crypto market is very volatile and only invest what you can afford to lose. So, let us warn you, if you plan on investing in Crypto, especially if you’re new to the game, only invest what you can afford to lose.

[GINGER] Right now, our crypto and NFT portfolio comprise 6.30% of our total portfolio and, for us, that’s relatively fast considering we just got into it early 2021. We’re pretty new investors in this space, so at first we were really shocked at how high and then low the market could get. It was really stressful for us, seeing the number spike and dip the next day. But a year investing in crypto has taught us a lot, and we’d like to share what we have realized.

[EJ] First, you should look at that instrument over the long term and see if it increased in value over the years. If it does, then that’s a good sign that you’ll probably earn LONG TERM on the investment. Let’s take Bitcoin. Bitcoin was at around 1 dollar in 2011, now in 2022 it’s at 41 thousand dollars. Obviously it rose over that long term so, for us, that’s a sign that over the long term, we MAY earn on bitcoin. Now, Bitcoin is THE cryptocurrency, everything else is called an altcoin or alternative coin and people invest in those in the hopes that they find one that’s worth a dollar now but will be worth 41 thousand later – those are much riskier investments and the method we’re talking about may not work the best for those. Of course, it’s up to you and your risk appetite if you still wanna invest in that.

[GINGER] Now how do you invest? We advise that you use dollar cost averaging when investing in cryptocurrencies. Dollar-cost averaging (DCA) or Peso Cost Averaging, in our case, is an investment strategy where you invest a specific amount into that investment vehicle in regular intervals. By doing this, you reduce the impact of the volatility on the overall purchase. You won’t get the highest return BUT you also won’t be a victim of the lowest loss. That’s because during the bear or down seasons, you’re able to buy more with the money you invest. During the bull or up seasons, you’re able to buy less BUT the value of your overall portfolio is higher.

[EJ] As an example, let’s use a shorter time frame. Let’s say on January 1, you bought 100 dollars worth of token X at 10 dollars per token – that means you bought 10 tokens. Then on February 1, the prices dropped to just $5 per token – you still buy 100 dollars so you buy 20 tokens. Then on March 3, the prices increased to 20 dollars per share – you still buy 100 dollars so now you have 5 tokens. Over that period, you have 35 tokens for 300 dollars.

In Investing in Cryptocurrencies, we use Binance.
[GINGER] Now imagine if you spent all that 300 dollars in only one buy and not in regular intervals. If you spent 300 dollars on January, when tokens were at 10 dollars per token, you would have had 30 tokens for 300 dollars. With Dollar Cost Averaging you have 35 tokens so dollar cost averaging wins. If you spent 300 dollars on February, when tokens were at 5 dollars per token, you would have had 60 tokens. In this case, investing all 300 dollars would’ve been better. Now, let’s say you spent 300 dollars on March, you would’ve had 15 tokens only. So in that case, dollar cost averaging wins because you have 35 tokens. So yes, you don’t get the highest return BUT you are also not a victim of the lowest loss as well. If you are a person who’s really good at technical analysis and really knows the instrument, you can probably find a time like that February. But if you’re like us and this is not your full time job, you remove a lot of the risk by doing Dollar Cost Averaging.

[EJ] Next, do your own research and read about the token that you’re investing in. Invest in tokens whose intent and purpose resonates with you. The cryptocurrencies will often have a website where they post their whitepaper. Read this and see if you believe in what they stand for and what their plans are. An example of this is we invested heavily on an NFT game called Axie Infinity. We did this, because (one) as gamers, we enjoy playing games, (two) we’ve seen that their team has so far consistently delivered on their promises and (three) regardless if their tokens, SLPs or AXS’ or RON’s prices go up or down, we’d probably still play the game. This tells us that they’re plan is not to turn a quick buck but they’re also looking at it long term, like we do.

[GINGER] Next, DIVERSIFY. Diversification is basically spreading or splitting your investments across different vehicles so that your exposure to any one type of asset is limited. This will help reduce the volatility of your portfolio over time. If most of your money is in crypto, consider also investing in non-Crypto assets. If you’re 100% Crypto, then at least invest in different coins and tokens. Personally, we have different investments spread across VULs, mutual funds, index funds, stocks, and crypto.

[EJ] One important thing to always remember is to have a plan and stick to it regardless of whether the market goes up or down. FOMO is real and when you watch all the crypto bloggers saying buy this coin and that token and that NFT, it’s easy to get swept by the hype and put in 100% of your budget on what they say. This is all speculation though and no amount of well done editing can make up for a loss that you’ll just have to bite.  For crypto, our plan is to invest 90% of our crypto investment budget on the coins and tokens that we believe in, and 10% on new projects that we want to speculate in. So far it has worked for us, there have been some bad calls but since we just invested 10%, they haven’t been that painful.

[GINGER] In a nutshell, how to survive a volatile crypto market is to have a plan, stick to the plan and don’t get too emotional, continue to research and study, diversify and, if you’re like us and this is not a full time thing for you, think more long term.

If you like this video, please hit that like button, share, subscribe and click on that notification bell for more videos like these. 

P.S. The main platform that we use for investing in cryptocurrencies is Binance. If you want to try out Binance, sign up here. To read more about Binance, check out this post.

Our Family Goals for 2022

Recently, I thought about updating my bucket list. A lot of things have changed since I’ve made that list. I’ll probably find time this weekend to update that. But as for our family goals for 2022, we have written it down and cast it in stone (maybe not really cast it in stone! LOL!).

But for those who are curious of what our plans are, here is the Youtube video. Hope you can share it also as we’re targeting to get around 50,000 subscribers this year. 🙂

Here’s the transcript, too, of our video:

[GINGER]: Hi Everyone! We know it’s February already and we’re a bit late in sharing this with you, but we’d still love to share how we plan for the year with you, especially for couples who are watching this.

But before that, for those who are new to this channel, I’m Ginger [and I’m EJ] and we’re content creators and startup business owners who love sharing our experiences on personal finance, investing, business and parenthood.

[EJ]: For today’s vlog, we wanted to share with you what our plans are as a couple. In our previous video, I shared that we, as a couple, go through a family planning session. For those planning sessions, we use this template that we have been using since 2017.

In this template, we first state the Vision and the Mission of our Family. For Team Arbo, our vision is to have passive income of at least Php 250,000 and have ZERO debt. For our Mission, our family’s mission is to be a family that helps people grow and achieve their goals in life – be it through creating content like this or running startups with the same goal.

[GINGER]: Our Vision & Mission hardly ever change. We also keep our Vision/Mission in our template so that we’re always reminded about our purpose as a family. Knowing that is vital in helping us make decisions together or by ourselves – as long as we’re going after the same thing, then we can trust each other to act towards that.

Okay… now, for our Life Goals, we divided these into 7 main categories…

Our Goals for our Daughters

Spiritual Goals

Financial Goals

Fitness and Health Goals

Professional Goals

Mental Goals

Work/Company Goals

We’ll go through each of these categories in a little detail. Do note that sometimes some of these goals have a financial aspect to it and that’s okay – this structure makes sense for us because we want to connect those financial goals to a particular section of our life. Don’t worry It’ll make more sense when we go through them.

[EJ]: First, our goals for our daughters. From a financial POV, our goals for them are (1) to save up for their tuition fee and (2), and this is a bit more long term, to save up for their college education. Zeeka’s Tuition fee is one of our sinking funds. For those who missed out on what sinking funds are, we explained what those are a bit more in our previous video (point to corner), but basically, sinking funds are funds where you set aside a little each month in preparation for a big payment later on. For their college fund, we place it in an investment policy that we have with Sunlife.

This is an example of what Ginger said a while ago about a financial goal that’s under a non financial category. These financial goals serve a purpose and that is for our daughters to grow up to be happy, well-adjusted, emotionally & financially independent adults

[GINGER]: For our Spiritual Goals, we make it a point to pray every evening. When we pray, we focus on thanking God for the blessings that we’ve received, thus adding to an abundance mindset. We’d love for our daughters to have a grateful heart and look at life as a glass half full and not half empty. Aside from that, this year we’d love to get our baby baptized and for Zeeka to finally get her first holy communion & first confession.

[EJ]: For our Financial Goals, we broke this down into 4 subgoals. First Financial goal: to always keep Ginger’s credit card bill at ZERO. Ginger actually had Php 700,000 in credit card debt last 2019 and she was able to get it down to zero in 2020. How did she do it, you ask? We’ll discuss it in another video. 

Second Financial goal: For my credit card bill, I actually have an outstanding debt of Php 600,000 and our plan to zero it out by December 2023. This is also one of the sinking funds that we have where we set aside 30,000 pesos per month so that we get to finally get rid of that.

Third Financial Goal: The other sinking fund under Financial Goals is for our emergency funds. We actually have emergency funds, but we used it for some emergencies the past few months. So this year, we’ll start building our emergency fund again and for that, we’ll be setting aside Php 10,000 every month. Our goal is to have enough set aside to cover expenses for at least 6 months.

And our last Financial goal  is to learn technical analysis for crypto and stock market trading. We would really love to learn more about analyzing charts so that we can make more informed decisions in our investments. EJ knows a bit about fundamental investing but with crypto, we both think that technical analysis is probably more useful.

[GINGER]: Now for our Fitness and Health Goals, we have one sinking fund under this category. This is the sinking fund for Health Insurance. Our health insurance costs Php 183,000 for the four of us for the entire year and this is from Pacific Cross. Most of it is actually for me and EJ, around Php 140,000. We are thinking if the kids need one since they already have an HMO from our corporate HMO. Well, we’ll see if we still need it by the end of the year.

The other goals are going to the dentist at least once this year, work out at least 3 times a week, for me (or probably even EJ) to follow a plant based diet again this year, not to sleep past 11 pm and to finally have an executive check up schedule (if cases of COVID goes down).

[EJ]: Now for our Professional Goals, we really want to be more active this year on Youtube and TikTok. In this channel, Ginger Arboleda or GTV, we have 6000+ subscribers and our goal is to increase that to 50,000. We know that this is quite a feat and will be very challenging, but we have lots of interesting things to share. We hope that you continue to support this channel by liking this video, sharing it and subscribing to it. This will really help a lot with Youtube’s algorithm so that we get recommended to like minded people who may need the little push that we give.

So we plan to make 50 or more videos this year on both YouTube and TikTok.

GINGER: And last, Mental Goals: I plan to attend one webinar every quarter. It doesn’t matter what topic. Aside from that we both plan to read at least 2 books every quarter – doesn’t have to be textbooks, could be fiction, but read at least 2 books.

So that’s it for our 2022 goals. Remember that it’s not too late to come up and write down your goals for 2022. It doesn’t matter if it’s February. We hope you are as excited to make this year a great year! Share with us your top three goals in the comment section and let’s be accountability partners!