Posts under Personal Finance

Take this Simple Financial Literacy Test

Updated: April 26, 2017 | Personal Finance | 10 Comments

A study by Standard & Poor (S&P) in 2014 showed that only 25% of Filipino adults are financially literate. The global score is 31%, which means our country is below average and needs to improve. Fortunately, the Philippine government is already working on several financial literacy programs to help address this. This news was announced […]

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6 Ways To Do Retail Therapy Without Ruining Your Budget

Published: March 16, 2017 | Money Saving Tips, Personal Finance | 2 Comments

Retail therapy, otherwise known as shopping when you’re feeling down, is something that most people do. I can’t blame them because it actually works. Studies have shown that shopping can produce positive effects in a person’s mood. The psychological rewards of retail therapy can vary, but it is generally beneficial. Benefits of Doing Retail Therapy […]

Debt Consolidation Strategies: Tips on Paying Off Your Debts

Published: February 22, 2017 | Personal Finance | 1 Comment

Having debts can cause unnecessary stress. And when it’s not properly managed, all the worry and stress can strain your relationships, and even lead to health problems. That’s why it’s important to never let your debts go out of control. Or else, the compounding interests on your loans will drag your finances down in a […]

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How To Upgrade Your Lifestyle When You Start Earning More

Published: February 8, 2017 | Personal Finance | 2 Comments

A lot of people believe that if you want to have a secure financial future, then you have to sacrifice living a good life today. That instead of enjoying your salary and spending your money now, you need to save and invest, and live frugally. That is not entirely true. Because enjoying life today while […]

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Millionaire Calculator: How Long Will It Take You To Have a Million?

Published: January 25, 2017 | Personal Finance | 4 Comments

How long does it take to save one million? It’s a popular question among those who dreams of becoming rich. And today, I’ll give you a tool to calculate just that. Actually, it’s an Excel worksheet that you can play with to compute how many years it will take for you to become a millionaire. […]

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Are You Richer Than the Average Filipino?

Published: January 16, 2017 | In Focus, Personal Finance | 2 Comments

According to Credit Suisse’s Global Wealth Databook 2016, a Filipino adult has an average net worth of $9,878 in 2016. Using 1 USD = PHP 50 as exchange rate, that converts to a net worth of P493,900. This means that if you own a car or a real estate property, then you’re most probably richer […]

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How to Handle Friends Who Financially Take Advantage of You

Published: January 12, 2017 | Personal Finance | 3 Comments

Friends are one of life’s greatest treasures. We love them, and would do everything we can to help them in times of need. However, we sometimes get “that friend” who takes advantage of us financially, especially when they know that we make more money than them. They’re not necessarily bad friends. In fact, most of […]

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Reader Mail #34: Investing in UITF vs VUL

Published: December 9, 2016 | Investing, Personal Finance, Reader Mail | 4 Comments

Today, I’m sharing with you an email that I recently received. The sender is asking which is the better investment, UITF or VUL. Several people have also been asking me similar questions, that’s why I decided to answer it here today for everyone. But first, let’s read the letter of Mrs. M below: Hi Fitz. […]

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9 Important Money Tasks You Should Do in December

Published: December 7, 2016 | Personal Finance | 3 Comments

The new year is just around the corner, and we’re now reaching the peak of the holiday celebrations. Most of us will be busy attending Christmas parties, school reunions, and yuletide events – but I hope you can also find time to do a personal financial check-up. It’s a good time to take stock of […]

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How to Know if You Are Financially Ready to Get Married

Published: December 5, 2016 | Personal Finance | 1 Comment

Getting married is a major life decision. Apart from the changes in lifestyle that marriage brings, it also has a big impact in a person’s financial state. As such, it is important to have these four considerations, so as to determine if one is already financially ready to tie the knot and start a family. […]

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