I consider UITF’s as one of the most basic and simplest investment product out there. Surprisingly, many are not aware what it is exactly, and how one makes money from it. That’s why for today, I’m providing a basic explanation of what UITF means. I will tell you how how it works; how you make [...]

Personal finance coach, Randell Tiongson, will again be holding his annual Steps to Financial Peace Conference this May 18, 2012. It will happen from 10:00 AM to 6:00 PM on Friday, about a couple of weeks from now at the Victory Greenhills Center, in San Juan City, Metro Manila. This year, he’ll be joined by [...]

How much money should you save as your emergency fund? The simplest and most basic answer is 6 months worth of your income. The rationale behind this figure is because it normally takes around 6 months to look for new work in the unfortunate event that you lose your job. But of course, not everyone [...]

Lose weight and save more money – these are two goals that many people want to achieve. However, I’ve noticed that today – a good number of people believe that one must spend money to lose weight better. Early this year, a friend who wanted to shed some pounds had to enroll himself in a [...]

This article is part of a series, read the previous post here: Comparing Time Deposit Rates of Philippine Banks Part 3 Last week, I went to several banks and asked their time deposit rates for P300,000 placed for 180 days. My goal was not just to know their current rates, but to also see how [...]

This article is part of a series, read the previous post here: Comparing Time Deposit Rates of Philippine Banks Part 2 Welcome to the third installation of this post, this series has four parts and quick reference links are provided at the end of the post. For today, we continue with two more banks, Metro [...]

This article is part of a series, read the previous post here: Comparing Time Deposit Rates of Philippine Banks Part 1 Welcome to the second installation of this post. For today, we continue with two more banks, Banco de Oro and China Bank. Thanks to the influx of requests, and the good opportunity I had [...]

After lunch yesterday, I found myself with a couple of free hours so I decided to spend the time doing research for my next post here. Going out of the restaurant where I just ate with a friend, I saw several banks that was just walking distance from each other. And I thought to myself, [...]

Many commercial banks offer high-yield savings accounts. These are cash deposit products that provide higher interest rates than normal savings. If you can afford their minimum maintaining balance and other requirements, then you’ll get to enjoy better interest rates and earn more from having the usual savings deposit. On the other hand, time deposits offer [...]

Learning how to invest is an important part of becoming financially free. Good thing that it’s not that hard to start investing today. However, many fail to understand how investments work, particularly, in terms of how it makes money. At the most basic level, your investment income comes in three forms. First, as capital gains; [...]

Last week, January 26th, I attended the 2nd Lenddo meetup over at Jack’s Loft in Eastwood, Libis. It was my first time to meet the people of the Lenddo community, and I’m glad that I did. I’ve never been with a group before who are as hungry for financial knowledge as those I’ve met that [...]

We’re halfway through the first month of 2012. So how’s your budget coming? Have you paid yourself after receiving your first salary for the year? Were you able to track your expenses from the past two weeks? I hope your resolve to make your finances better this year is going nice and smooth for you. [...]