Comments on: The Personal Finance Habits of Filipinos

By: Fitz

Fitz — Thu, 12 Aug 2010 10:14:19 +0000

Hi Hannah. I am with Insular Life's iCare. The company I used to work for had an account with them. When I resigned, I just called them up and asked to convert my corporate plan to an individual plan. Maybe you should also start with your last company's HMO and see if you can have yours converted.

By: Hannah

Hannah — Thu, 12 Aug 2010 09:50:50 +0000

great information Fitz… I was searching for a good health insurance or a medical card since I am out of the corporate compound now. I believe in the importance of this. Do you recommend any nice health card company?

By: Alma

Alma — Tue, 06 Apr 2010 09:51:16 +0000

I think the hardest thing that we Filipinos have to learn is the art of saving money CONSISTENTLY. We need to integrate saving as part of daily living. Just because you are meticulously saving does not mean you are depriving yourself or your children. Saving can be a cushion, a chance for you to have longer vacations, an opportunity for you to build your businesses…. the potential is there, the problem is sticking to a plan and executing it.

By: Ads

Ads — Wed, 17 Mar 2010 07:30:25 +0000

Nice article. Wow, the facts that you just shared is very alarming.

By: Lee Angelo

Lee Angelo — Sat, 06 Mar 2010 12:25:15 +0000

“86% of Filipinos are concerned with inflation but 67% think savings and time deposits are the best way to beat inflation” nice data here, thanks to Sun Life Financial. I completely agree with you sir Fitz on this “It’s good that most people know what inflation is but one should realize that savings and time deposit interest rates are ALWAYS lower than the inflation rate.” Which means that our savings deposit on our bank is just being ‘eaten’ by the inflation rate. Add to the fact that we still pay for withholding tax on our interest earned, which is just miniscule. So in the end we just lose money.

By: edmund lao

edmund lao — Fri, 05 Mar 2010 23:42:44 +0000

Fitz , this is really a wake up call to pinoys… thanks to you for posting this. I will spread this topic in our company…

By: kate

kate — Thu, 04 Mar 2010 12:12:50 +0000

Hello Fitz! I attended this event too and was very alarmed with the statistics… I had no idea it was that bad! I was exposed to the importance of insurance and savings at an early age – my dad passed away when I was in grade school. Thankfully he had insurance. I think most Filipinos think it’s morbid to talk about these things but in truth it’s really a nice way of showing your family that you care

By: Mighty

Mighty — Wed, 03 Mar 2010 09:27:42 +0000

Hey Fitz, these facts are really alarming! This means we need to raise more awareness on how Filipinos could become more responsible in handling our finances. At least, now that I am not yet 30 years old, I have learned the value of investment and sound financial management. I’m on the right road, I think.

kudos to your blog for raising financial awareness.