Financial planning is bringing your future goals to the present so you can do something about it. As important as it is towards creating a fulfilling, financially-free future, it is sad that most Pinoys do not know its importance. What is financial planning? Financial planning is all about optimizing the way that you manage your…
When I was working as a corporate trainer, I used to buy Starbucks (decaffeinated) frappuccino at least once or twice a month. Like all millenials, I viewed my tall cup of sweet, whipped-cream beverage as ‘reward’ for all the hard work that I was doing. This was way before I knew about financial planning. Budgeting was…
Robert Kiyosaki, popular author of Rich Dad, Poor Dad and successful entrepreneur, has been strongly recommending people to be mindful of their income statement. But what is it? And how exactly can it help you? Income statement An income statement is a tool of personal financial planning. It is where you see a record of your…
Prepaid cards are gaining more and more popularity. They’re easy to acquire and convenient to use. You can use them to pay in booking your flights, dining and shopping cashless, making purchases online, and buying tickets without the hassle of background check of credit cards. They’re accepted as payment in many stores especially online and/or those…
Are you looking in the market for the best checking accounts? This article compares what universal banks in the country are offering in terms of low opening balance, low maintaining balance, and high interest rates. What is a Checking Account? Checking accounts in the Philippines are offered by banks to every Pinoy as way to…
Credit Cards are seen as a sign of maturing and adulting for young adults. When you are seen with one, people often see you as an adult because this card may mean financial freedom. What is a Credit Card? However, most people especially students, still don’t know what or how a credit card is used….
Youtube is something that kids and teenagers have grown up with. We are aged at the same time the technology around the world did, allowing us to better understand it. Before anything else, let us first define Youtube. What is Youtube? Youtube is a social media platform that allows its users to watch and create…
How many times have you asked, “Where did all my money go?” You’re not alone. According to studies, only 1 out 3 of Pinoys are tracking their expenses. This is not just good news. Those who do track their spending have better chances in being able to save money from what’s left of their income….
In an earlier post, I strongly encouraged you to attend a free financial planning seminar. Whenever you’re invited, say yes. Attend and learn as much. Companies and groups in Cebu, Philippines can easily organize events and invite people to attend them. Using the internet and power of social media, businesses and financial institutions like insurance, stock brokerage…
Filipinos frequently quit their 9 to 5 jobs in order to start their own businesses. The country’s 1,700 registered online businesses have increased to 1 million since the COVID-19 pandemic began. As a matter of fact, as of June 2022, 1.5 million Filipinos were self-employed or also known as freelancers. Additionally, nearly 9% of all…
What are the Philippines’ largest companies? Maybe you are asking this question out of pure curiosity. Or maybe you are one of the many people out there who are learning how to invest in the stock market for the very first time, and you’d like to know more about the companies whose tickers you’ve seen on the…
I was looking for a new phone after my old one died on me. I was at the mall looking at the window display of electronic shops. The minute I approached a shop, sales reps would circle around me and offer their most expensive model. They wouldn’t let me talk as they mumble away a…
Which bank in the Philippines is considered the best? You may be looking to open a savings account for yourself or for your kids. Whatever is the reason, the first thing that you’re surely going to look out for would be a bank that you can trust. However, with so many institutions that are established in many parts of the…
Looking for better interest rates than what your bank is giving you? Which banks in the Philippines offer the best time deposit? Time deposit has become popular nowadays. It’s a safe, low risk form of passive income that you can invest and that gives your better returns on your money than a regular savings account. What is a time deposit? A time…
Gift cards are not only issued by many businesses that allow anyone to pay without any need for cash or credit card. They can also be purchased from Philippine banks. Popular gift cards are issued by big department stores, grocery, bookstores, and restaurants. The disadvantage is that they can only be used for that particular business…
Knowing your asset is crucial in financial planning. When you are trying to make sense of your net worth, it is important to know what assets to include in your records. It can be anything that you own and has cash value or it can be converted to cash. An asset is anything that you own…
Can you apply for credit card and get 100% approval? You can do that with secured credit cards. In this article, we are going to talk about why secured credit cards can be an option for people who have difficulty applying and obtaining a credit card using the usual route at the bank. What is…
I have written that my old phone died on me. I am, sadly, not fond of shopping. All the time spent walking around and looking at window displays is exhausting. But I realized, I was able to save some cash by asking as many stores as I could visit and finding the right one. And…
When someone invites you for either a free financial seminar or a one-on-one talk about financial planning, say yes. It’s the one class that’s not offered in college. Read on to find out the seven reasons why you should attend. 1. It is free. Almost all of the seminars I have had the privilege of…
Having a strong financial foundation is perhaps the most important part of financial planning. Investing is good. It can be fun and exciting, especially when you are already doing it and you see the returns actualized. But it is also risky. And this is what financial foundation is about: how to manage the risks that investments, and life in…
What are the different types of account that you can open at a Philippine bank? According to the Bangko Sentral ng Pilipinas, financial inclusion is a dream that has a long way to go in the country. An overwhelming majority of the population remains unbanked. Seven out ten Filipinos still do not have any bank…
