Personal Finance Archives

Posts under Personal Finance

Philippine Bank Deposit Accounts With Free Life Insurance

Published: September 19, 2018 | General Information, Personal Finance | 6 Comments

It’s important to have an emergency fund for unforeseen expenses, especially medical emergencies. Moreover, having life insurance also gives your family some financial security if ever something happens to you. Both are necessary for you and your family’s financial protection. But between the two, I recommend saving and building your emergency fund first. Because the […]

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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: beat inflation, cope with inflation, deal with inflation, hedge against inflation, inflation, Personal Finance

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: ac, air conditioner, air conditioning, Guest Posts, Money Saving Tips, Personal Finance

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 […]

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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. […]

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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: bank app, mobile apps, Personal Finance

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 […]

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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 […]

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Wrong Places to Put Your Emergency Fund

Published: June 6, 2018 | Personal Finance | 6 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 […]

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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 […]

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How Much Does It Cost to Own a Car?

Published: May 21, 2018 | Personal Finance | 2 Comments

Buying a car is a popular financial goal for Pinoys, especially for young urban professionals. And banks have made it easier to purchase one through car or auto loans. Just save up for the downpayment, then apply for a loan and pay the balance as installment for the next several years. In the corporate world, […]

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Money Moves To Make When You Land Your First Job

Published: May 14, 2018 | Guest Posts, Personal Finance | 1 Comment

Landing your first job after school, whether you left after high school or went on to University, is an exciting venture and an opportunity to grasp with both hands. Not only are you immersing yourself in the world of work for the first time, you’re also getting money, which is considered a huge perk. However, […]

Tags: Guest Posts, Personal Finance

New Estate Tax Rules Under TRAIN Law

Published: April 26, 2018 | General Information, Personal Finance | 6 Comments

Republic Act (RA) 10963 was signed into law last December 2017. This is more commonly known as TRAIN or the Tax Reform for Acceleration and Inclusion. Under the TRAIN Law, changes were introduced to the National Internal Revenue Code of 1997 (Tax Code). This had amendments on personal-income taxation, donor’s tax, value-added tax, and many […]

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The Psychology of Impulse Buying and How To Avoid It

Published: April 24, 2018 | Personal Finance | 2 Comments

An attendee of a personal finance workshop that I was conducting asked, “How do we avoid spending during a mall sale?” “Don’t go to the mall when there’s a sale,” was my instant answer. “But I can’t avoid the mall, that’s where I pass by when I go to work and on my way home,” […]

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