Posts under Personal Finance

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, […]

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How To Financially Survive Living Without a Budget

Updated: July 1, 2019 | Personal Finance | 6 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?

Updated: June 4, 2019 | 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

Updated: June 4, 2019 | Personal Finance | 9 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

Updated: May 14, 2019 | 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?

Updated: May 4, 2019 | Personal Finance | 3 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

Updated: May 15, 2019 | 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, […]

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New Estate Tax Rules Under TRAIN Law

Published: April 26, 2018 | General Information, Personal Finance | 7 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

Updated: April 8, 2019 | 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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How to Overcome Financial Peer Pressure When Going Out With Friends

Updated: March 8, 2019 | Personal Finance | No Comments

It’s summer and the time when friends would often come together. And there’s plenty of long weekends during this time to even plan an out of town trip or go on a beach vacation. For someone who’s conscious of their budget, it can be hard to remain frugal when friends start inviting them to go […]

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