Posts under Personal Finance

10 Common Life Events That Require an Emergency Fund

Published: November 13, 2018 | Personal Finance | No Comments

Everyone needs an emergency fund, which should be at least 6 months worth of your monthly expenses. That is, if you spend P30,000 a month, then your emergency fund should amount to P180,000 (or even a little higher). A lot of people find it hard to save that much money. They’ll be able to save […]

Tags: , , , , , , ,

Is It Smart To Borrow Money to Invest in the Stock Market?

Published: November 6, 2018 | Investing, Personal Finance | 1 Comment

A friend asked me if it’s a good idea to take out a personal loan and then use the money to invest in the stock market. He shares that he can borrow money at 1.2% interest from his bank. And since the stock market earns more than that, then he can pay for the loan […]

Tags: , , , , , , , , ,

If You Did Not Win The Lotto, Here’s What You Need To Do Next

Published: October 15, 2018 | Personal Finance | 1 Comment

You checked the winning lotto numbers, and realized that you did not win. For a few minutes, you hope that nobody won the huge jackpot so you can play again in the next draw. Unfortunately, it was shortly announced in the news that someone got all six numbers. And in an instant, the record-breaking lottery […]

Tags: , , , , , , , ,

If I Won P700 Million in the Lotto, then I Will Stop Investing and Here’s Why

Published: September 26, 2018 | Personal Finance | 4 Comments

The Philippine Ultra Lotto jackpot has reached the P700 million mark. As of writing this article, it’s actually now P734 million. This fact has inspired a lot of friends to daydream on what they’ll do if they won the lotto jackpot. And one of them shared this answer: [If I won the lotto, I would] […]

Tags: , , , , , ,

Personal Finance Strategies to Cope With the Rising Inflation

Published: September 7, 2018 | Personal Finance | 6 Comments

Inflation is a normal part of our economic life. Prices of stuff will always go up. And its effect is minimal as long as our income is able to catch up. From 1992 until 2017, the annual inflation rates in the Philippines were between 1.4% to 9.8% for any given year. If you received a […]

Tags: , , , , ,

Maintaining An Air Conditioner Unit In A Tropical Climate

Published: September 1, 2018 | Guest Posts, Money Saving Tips, Personal Finance | No Comments

The 2017 World A/C demand was estimated to reach 110.56 million units in 2017, which showed an 8.1% increase over the previous year. The second-largest market for air conditioning units in the world was Asia, whose demand reached 17.30 million units. This isn’t that astounding considering that the coldest month in places such as the […]

Tags: , , , , ,

How and Why You Should Keep a Spending Journal

Published: August 20, 2018 | Guest Posts, Personal Finance | 3 Comments

Keeping a budget can be a powerful tool for managing your finances, but it is not always easy to make. When writing up a budget, it is necessary to know how much money you spend on what purchases. A spending journal is a great way to add up and even itemize expenditures. What is a […]

Tags: , , , , , , ,

8 Admirable Habits of Debt-Free People

Published: August 17, 2018 | Personal Finance | 6 Comments

What is it like to be debt-free? What does it take to live a debt-free lifestyle? Is it possible to become debt-free on a low income? For me, the biggest advantage of being debt-free is never having to worry about debt collectors. And consequently, avoiding the emotional distress caused by their constant calls and letters. […]

Tags: , , , , , , , , ,

5 Reasons Why You Should Use Your Bank’s Mobile App

Updated: August 9, 2018 | Personal Finance | No Comments

Mobile phones have gone a long way. Before, people just use it to make calls and send text messages. But now, it has become an indispensable tool in today’s technology-driven society. People use mobile phones not just to talk and send messages to other people, but also to surf the Internet, send email, play games, […]

Tags: , ,

How To Financially Survive Living Without a Budget

Published: July 18, 2018 | Personal Finance | 5 Comments

Most people say that it’s important to create and follow a budget. Ironically, only a few can actually develop and properly manage one. One of the most common reasons, as I’ve observed, is that it’s time consuming and boring. Also, a few would claim that they’re not really good at numbers, so they can’t do […]

Tags: , , , , , , , , ,

How Many of These Types of Income Streams Do You Have?

Published: June 25, 2018 | Business, Freelancing, Investing, Personal Finance | 1 Comment

In wealth circles, it is often mentioned that millionaires have an average of seven streams of income. This means they have around seven sources of cashflow. Think about your financial situation and ask yourself, how many sources of income do you have? If you’re like most people, then you probably have two. The first would […]

Tags: , , , , , , ,

Wrong Places to Put Your Emergency Fund

Published: June 6, 2018 | Personal Finance | 7 Comments

The other day, someone asked on Facebook: “Where should I put my emergency fund? I don’t want it just to be in a savings account because it’s not earning much there. Is there a better place to park it?” I browsed through the comments section and read a lot of horrible answers. When I say […]

Tags: , , , , ,

How To Teach Kids The Value of Earning Money

Published: May 31, 2018 | Guest Posts, Personal Finance | 1 Comment

Do your kids think ATMs dispense any amount of cash we want forever? Before they think you have an infinite source of money, your kids need to know how much hard work it takes to make money, and that it is not limitless. Introduce money lessons to your children and make it a fun learning […]

Tags: , , , , , , , ,