Debts and loans can be a good friend, who provides financial leverage and helps you in times of need. But it can also be an evil enemy, who cripples your budget and brings financial stress. More often than not, it’s how we manage our debts and loans that determines which of the two will come […]
Tags: bank loan, debt management, loans, loans management, Personal Finance
You probably heard from an insurance agent that you need to buy life insurance for your child. Getting life insurance for your kids has advantages and disadvantages. It’s a topic that’s often discussed among financial advisors, and I’d like to share some of my thoughts about it. Read on and learn about the pros and […]
Tags: bank account with life insurance, family life insurance, grandparents buying life insurance for grandchildren, life insurance, life insurance for parents, should i buy life insurance for my child, why get dependent life insurance
I was logging my week’s expenses on Excel the other day when I suddenly realized that I’ve been doing a lot of cashless spending. I use my credit card to gas up my car, which has an RFID Electronic Toll Collection (ETC) tag for when I drive along SLEX. For my meals, I pay with […]
Tags: banking, digital banking, Personal Finance, security bank
It might sound surprising on this day and age, but I have met people who don’t have a bank account. Or doesn’t like having their money inside a bank savings account. The reasons for being unbanked vary. Below are the most common I’ve encountered. Types of people who don’t have a bank account. 1. There’s […]
Tags: advantages of banking, advantages of opening a bank account, bank benefits for customers, banking, banks, benefits of a bank account, deposit accounts, importance of bank account, Personal Finance, savings accounts, what are the uses of bank
Christmas is a season for gift-giving. And as much as it’s exciting to receive gifts, it’s also a bit disappointing when you get a present that you don’t really like. Do you agree? That’s why in giving presents, it’s important to get something that the receiver will appreciate. It could be something we know that […]
Tags: christmas gift ideas, christmas gift ideas for friends, christmas gift ideas for her, christmas gift ideas for him, Personal Finance, unusual christmas gifts
Lists are great. It helps us become more organized, and writing down lists keeps us from constantly remembering things. We create “To-Do” lists to help us remember important tasks. Meanwhile, a “To-Buy” list when going to the grocery, helps us remember all the important stuff we need to purchase. Years ago, I wrote about the […]
Tags: do not buy list, Money Saving Tips, Personal Finance, things to avoid buying, things you should not buy
Having a car is convenient, especially if you have a mobile lifestyle. It becomes especially useful if you do a lot of field work. If you have kids, then having a car makes it easier to bring and fetch them at their school. But also, owning a car helps when you need to travel with […]
Tags: 20 4 10 rule, can i afford a car, car financing, car loan, how much car can i afford, how much car can i afford based on salary, how much car loan can i get approved for, how much should i spend on a car, Personal Finance, what car can i afford, what car can i afford calculator
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: do i need an emergency fund, emergency fund article, emergency fund benefits, emergency fund examples, emergency fund size, emergency fund use, Personal Finance, where to put emergency fund
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: borrow to invest, borrow to invest calculator, borrowing money to invest, borrowing money to invest in property, borrowing to invest in dividend stocks, Investing, is it illegal to borrow money to invest, Personal Finance, personal loan for stock trading, personal loan to invest in stock market
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: how to win the lottery, lottery, lotto, lotto jackpot, lotto results, pcso, Personal Finance, win the lotto, winning the lotto
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: lottery, lottery winner, lotto, lotto winner, Personal Finance, story of lotto winners, what to do if i mean the lottery
Ready To Be Rich