International Shipping to the Philippines? 11 Best Options When Shopping from Global Online Stores

Are you always on the lookout for affordable international shipping to the Philippines? Good news! There’s no need to blow your budget on international shipping fees anymore. You just need to find service providers that ship goods from abroad at affordable rates. Keep on reading to learn more about international shipping companies you can use to forward your orders to and from the Philippines. Table of ContentsHow Do I Ship Internationally to and from the Philippines?What are Package Forwarding Companies?List of Companies Offering International Shipping to the PhilippinesShip7 My Shopping BoxPlanet ExpressShippingCartMyUSJohnny Air PluscomGateway POBox.phKango ExpressUnboxMeBuyandshipComparing Couriers with International Shipping to the PhilippinesThe Verdict: What is the Best International Courier Service in the Philippines?Courier with the Cheapest International Shipping Rates: ShippingCartFastest International Shipping: Ship 7International Courier with the Widest Coverage: BuyandshipFinal Thoughts How Do I Ship Internationally to and from the Philippines? Contrary to popular belief, shipping to and from the Philippines isn’t that difficult. You just have to do your research first, determine the costs, and find the best courier for your needs. To ship documents, items, and other products from the Philippines to other countries, most people use LBC, DHL, EMS, or FedEx. These are some of the most popular international shipping companies in the country that allow customers to send items to their loved ones abroad. The shipping fee depends on the weight of the package, its classification, and the delivery address. Because of the popularity of online shopping, international forwarders seem to also pop left and right. Gone are the days when you still have to ask…

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In-House Financing vs Bank Financing vs Pag-IBIG Financing: Which is the Best for Buying a Home?

According to the Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP), the lockdowns imposed since the pandemic started in 2020 have boosted interest in home ownership among young Filipinos.[1] There has been a shift in young Filipinos who are now more interested in owning a home than cars and gadgets.  With this emerging breed of home buyers, what would be the best home financing option? Should they choose in-house financing vs bank financing? Or should they buy a house through Pag-IBIG?  All Filipinos who intend to buy a home should know their financing options and how each one is different. Understanding these payment options will help future homeowners like you choose the best option to pay off your mortgage. So here’s a useful guide to help you. Table of ContentsIn-House Financing vs Bank Financing vs Pag-IBIG Financing: What’s the Difference? What is In-House Financing? When Should You Opt for In-House Financing?What is Bank Financing?When Should You Choose Bank Financing?What is Pag-IBIG Financing?When Should You Opt for Pag-IBIG Financing?At a Glance: In-House Financing vs Bank Financing vs Pag-IBIG FinancingFinal Thoughts In-House Financing vs Bank Financing vs Pag-IBIG Financing: What’s the Difference?  If you’re not paying for a house in cash, you can choose from three financing options depending on your situation and needs.  What is In-House Financing?  In-house financing is an option where a company offers a loan to consumers so that they can purchase goods or services.[2] Property developers usually offer in-house financing to home buyers who prefer it rather than bank financing. Approval for in-house financing is usually…

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Start Your 2022 Right: 22 Financial Goals to Add to Your List

The importance of money couldn’t be underscored enough during the past two pandemic-stricken years. While you’re facing the uncertainties of the future, the truth that money is volatile and that it burns easily has become much clearer than ever. You’ve also come to realize that you need to learn not only how to make money but also how to keep it and make it work for you. The past months may have made financial independence sound elusive. But that shouldn’t be the case now. If you think that you’ve committed financial blunders during the past months, here are five words to comfort you: it is not too late. You still have time to correct your mistakes and start anew. And hey, you’re reading this article! That should count for something. You’ve made it this far, and you’re well on your way towards financial recovery and freedom. To help you make your 2022 the best one yet in terms of personal finance, here are 22 goals that you should take note of. Table of ContentsWhat is a Financial Goal and Why is It Important?1. It Gives You an Idea How Much You Need to Save or Invest2. It Will Make You Realize That Not All Goals are the Same3. It Determines the Future of Your CareerWhat Makes a Good Financial Goal?22 Financial Goals to Set This 2022List of Financial Goals for Those in Their 20sList of Financial Goals for Those in Their 30sList of Financial Goals for Those in Their 40s and AboveFinal Thoughts What is a Financial Goal and Why is…

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Smart Ways to Spend Your 13th Month Pay

Christmas is the most wonderful time of the year. With colorful decors, lots of items on sale, and celebrations everywhere, how to spend your 13th month pay can be the toughest question to answer. The desire and excitement to make yourself and your loved ones happy can turn your holiday budget planning stressful and painful. Of course, you want to reward yourself with the latest gadget for working so hard all year. Moreover, you also want to have a sumptuous holiday feast and give awesome gifts to your family.  So you’re probably wondering: how to spend your 13th month pay wisely? Here’s a list of what you can do with your law-mandated cash gift.[1]  Table of ContentsHow to Spend 13th Month Pay WiselyPay Off Your DebtConsider Lucrative Financial InvestmentsFund a BusinessGet an Insurance PolicyStart a Savings and Emergency FundImprove Your HomeSpend on Travel and LeisureFocus on Family MattersEnroll in Online CoursesLearn a New Skill or Get a New HobbyPamper YourselfFind Ways to ShareFinal Thoughts How to Spend 13th Month Pay Wisely These are just some of the guilt-free things you can do with your 13th month pay. If you manage it properly, you can tick off several items on this list! Pay Off Your Debt Peace of mind is probably one of the best gifts you can give yourself this holiday season. By paying off your debts, you’re giving yourself the chance to have a debt-free future.  Having the peace of mind that you no longer owe anyone money is simply priceless, and this will allow you to truly enjoy the…

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[Battle of the Brands] SM Supermarket vs Puregold: Which is the Cheaper and Better Supermarket?

Although Manila is one of Southeast Asia’s most expensive cities to live in,[1] it’s good to know that grocery items sold in the country are the least expensive compared to other SEA countries’ items.[2] Still, we’re always on the hunt for the best places to shop that offer good deals and a cheaper, wider range of products. So chances are you do your grocery shopping at SM Supermarket or Puregold, the two largest grocery retail chains in the Philippines. Choosing between these two retail giants can be difficult especially if you’re after affordability and quality. We’re joining you in your search for the better supermarket, so let’s find out in this SM Supermarket vs Puregold review. Table of ContentsSM Markets OverviewPuregold OverviewPuregold vs SM Supermarket PricesProduct SelectionsRewards ProgramSM Supermarket Rewards CardsPuregold Rewards Cards Which Supermarket Has the Better Rewards Program?Grocery Shopping ConvenienceHow Convenient is It to Shop at SM Supermarket?How Convenient is It to Shop at Puregold?Online Ordering and DeliveryWebsite Ease of UseShipping and DeliveryPayment MethodsFinal Thoughts: SM Supermarket vs Puregold SM Markets Overview While SM Supermarket is under the same group that operates SM Hypermarket and Savemore, these three grocery store types are different from each other. (SM Markets is the mother brand of SM Supermarket, SM Hypermarket, and Savemore Market.[3]) SM Supermarket, the pioneer brand of SM’s Food Retail Group, sells a wide range of food and non-food items and services inside SM malls. Meanwhile, SM Hypermarket, a hybrid of a department store and supermarket, has a larger selling area and offers a broader array of non-food products (e.g.,…

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Bye, Office: What to Know About Back Pay Computation and Other Benefits When You Resign

There are a myriad of reasons employees leave their employers. You’ve already heard the common ones, such as poor management, impractical office location, or career dead-ends. Well, the COVID-19 pandemic has added “pandemic epiphanies” to the list. According to Anthony Klotz, a management professor and psychologist from Texas A&M University, the COVID-19 pandemic has pushed people into “Aha!” moments. Presumably, these include the understanding that life is too short to stick to a stressful job, or the appreciation of the practicality of working freelance. It’s safe to say that such realizations have brought about waves of mass resignations around the world, a phenomenon called the “Great Resignation,” another term coined by Klotz.[1] If you’re jumping on the resignation bandwagon, you’ll feel a thrilling sense of freedom. And you’ll be particularly excited about receiving your final pay. But do you have an idea of how it’s computed? Let this article provide you with the important information about back pay computation. Read more: Planning to Resign? Consider These Financial Factors Before You Quit Your Job Table of ContentsWhat is Back Pay?Is Back Pay Mandatory in the Philippines?How Should I Compute My Back Pay?Typical Components of Back PayDeductions from Your Back PaySample Back Pay ComputationWhen Should I Expect My Back Pay?What’s the Difference Between Back Pay and Separation Pay?What Else Should I Receive Upon Resignation?1. Certificate of Employment2. BIR Form 23163. Back Pay Release Waiver and QuitclaimHow to Fast Track the Release of Your Back Pay1. Talk to Your Human Resources Department Upon Resignation2. Complete Your Clearance Requirements as Soon as Possible3. Decide…

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Online Business Registration in the Philippines: Guide for Online Sellers and Influencers

Online businesses are booming in the Philippines, as more Filipinos have turned to selling and vlogging to earn money online after losing their jobs during the COVID-19 crisis. If you’re one of those financially struggling Pinoys trying to make a living through the internet, you’re likely to be worried about the recent BIR order requiring online sellers and influencers to register and pay taxes to the government. Online business registration and tax payment in the Philippines are mandated by the law, so online sellers and everyone making money online, including social media influencers, are expected to comply. Reduce your worries by knowing how to do these right. Here’s everything you need to know and do, from online business registration to paying your taxes to the BIR. Table of ContentsDo I Need to Register My Online Business in the Philippines?Benefits of Online Business Registration in the Philippines1. Increase Your Customers2. Qualify for Business Loans3. Receive Government AssistanceHow to Register Your Online Selling BusinessDTI Online Business RegistrationBIR Online Business RegistrationHow to File Your Income Tax ReturnDeadlines for Filing ITRHow to Pay Tax for Online Business in the PhilippinesFinal Thoughts Do I Need to Register My Online Business in the Philippines? According to the Revenue Memorandum Circular No. 60-2020,[1] the BIR requires registration for “all persons doing business and earning income in any manner or form, specifically those who are into digital transactions through the use of any electronic platforms and media, and other digital means.” However, days after issuing the order, the government clarified that not all kinds of online sellers are required to register. Exempted from the DTI…

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Protect Your Fur Babies: Guide to Pet Insurance in the Philippines

Your pet is essentially a member of your family. Their silliness takes away the stress of a long work day, and their constant companionship keeps you from being lonely. Because you love them so much, you make sure that their food, vitamins, and even clothing, are only of the best quality.  But if you want to shower them with more love, do so by providing them with protection from life’s uncertainties―get them a pet insurance policy. While the concept is not new, getting pet insurance in the Philippines is not that mainstream yet. But you need to face the reality that pets can get sick, too, and their medical expenses can take a toll on your finances. So if you’re planning to get a policy, check out this guide to pet insurance in the Philippines.  Table of ContentsWhat is Pet Insurance?What Does Pet Insurance Cover?Why Should I Get Pet Insurance?You’ll Have Peace of MindYour Savings are ProtectedIt’s Not That Expensive!How Much Does Pet Insurance Cost in the Philippines?Where to Get Pet Insurance in the Philippines?Malayan Insurance Co., Inc. Standard Insurance Co., Inc.Metropolitan Insurance Co., Inc.Kwik.insure  Tips for Choosing a Pet Insurance PolicyCheck Your Pet’s AgeSee If Your Pet is InsurableAsk the Right QuestionsConsider Other RisksFinal Thoughts What is Pet Insurance? A pet insurance policy works just like a regular life or health insurance. The main function of this policy is to keep you from losing money due to unexpected pet-related expenses. These expenditures include veterinary bills, illness, accidents, and even burials.  What Does Pet Insurance Cover? The coverage of a pet insurance…

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Are You Financially Ready to Buy a House in the Philippines?

Rent takes up a huge portion of the household budget. You need to set aside at least PHP 5,000 to pay for a standard-size house. Of course, the rent will go higher if you need more rooms or a bigger garage for your cars, bikes, or motorcycles.  If you’ve been paying for a house you don’t own for years, maybe it’s time to stop renting and start owning. But the important question to ask is, “Are you ready to buy a house in the Philippines?”  Buying a house is not as quick and easy as buying stuff online. With all the options and factors to consider, it requires time, research, and money. Here are some things to check if you’re financially ready to own a house.    Table of ContentsSigns You’re Ready to Buy a House in the PhilippinesYou Have a Low Debt-to-Income RatioYou Have Enough Savings You Have a Stable Job or Source of IncomeYou Have Extra Money for the Down Payment or RenovationYou’re Planning to Stay in the Same Location for GoodYou Can Still Live Comfortably Even With a Mortgage How Much Does a House in the Philippines Cost?LocationType of HouseEnvironment, Community, and SecurityCan a Foreigner Buy a House in the Philippines?What are the Fees Involved When You Buy a House in the Philippines?Capital Gains TaxDocumentary Stamp TaxTransfer TaxTitle Registration FeeReal Property TaxFinal Thoughts Signs You’re Ready to Buy a House in the Philippines Buying a house is a journey that requires your financial readiness. Here are the signs you’re ready to become a homeowner.  You Have a Low Debt-to-Income Ratio…

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Easytrip Guide: Easy Ways to Get and Reload Easytrip RFID

Last year, the Department of Transportation ordered the full adoption of an RFID system in all tollways by November 2020 to help reduce COVID-19 transmission.[1] With the RFID system, contact between motorists and toll booth operators will be reduced and eliminate the need for using cash for paying toll fees. Which means you should be familiar with the Easytrip RFID by now. Perhaps you’ve also tried different methods to top it up aside from driving to the nearest RFID installation site, which can be time-consuming. Still, the the easier and safer alternative is to make your Easytrip transactions online. So here’s a quick guide to ordering, installing, and reloading Easytrip RFID online. Table of ContentsWhat is Easytrip RFID?Easytrip RFID CoverageWhere Can I Buy an Easytrip Device?How to Order and Register a Stick-It-Yourself Easytrip RFID OnlineHow to Install Your Easytrip RFIDEasytrip Balance Inquiry GuideHow to Check Easytrip Balance via WebsiteHow to Check Easytrip Balance via Mobile AppEasytrip Online Reloading GuideHow to Load Easytrip via Online Banking or E-WalletHow to Load Easytrip via UnionBank EON AppHow to Load Easytrip via Coins.ph AppHow to Load Easytrip via BPIHow to Load Easytrip via Easytrip Mobile AppHow to Load Easytrip via TextFinal Thoughts What is Easytrip RFID? The Easytrip RFID is a government-recommended radio frequency identification sticker attached to a vehicle’s windshield or headlight for use in contactless and cashless toll payments. It’s a more efficient and safer alternative to cash for paying toll fees. Easytrip RFID Coverage Two tollway operators operate the different expressways in Luzon: the Metro Pacific Tollways Corporation (MPTC) and San Miguel…

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Beginner’s Guide to Investing in Mutual Funds in the Philippines

One way of preparing yourself to be financially secure in the future is finding the right investment to grow your money. Stocks and bonds are just a few of the well-known forms of investments where you can put your money now and earn profits later.  But did you know that mutual funds in the Philippines are also a beginner-friendly way to let your money grow? With the help of a fund manager, you can manage your investment portfolio by allowing them to make decisions on your behalf.  To know if mutual funds are the right investment for you, check this guide that will help you learn how they work and how you can earn from them. We’re breaking down the basics for you, so keep reading to get a head start on investing in mutual funds in the Philippines. Table of ContentsWhat are Mutual Funds and How Do They Work? 4 Types of Mutual Funds in the PhilippinesBond FundsEquity FundsMoney Market FundsBalanced FundsHow Do Mutual Funds Differ From Other Investments?Mutual Funds vs UITFMutual Funds vs StocksMutual Funds vs ETFsHow Can I Earn Money from Mutual Fund Investing?DividendsCapital GainsIncreased Net Asset ValuePros and Cons of Mutual Funds InvestmentMutual Funds AdvantagesMutual Funds DisadvantagesHow to Invest in Mutual Funds in the Philippines1. Evaluate Your Goals2. Choose the Right Company That Fits Your Needs3. Talk to Your Agent4. Pick the Best Type of Mutual Fund for You5. Submit the Requirements6. Track Your InvestmentTop Mutual Funds in the PhilippinesWhere to Invest in Mutual Funds in the PhilippinesMutual Funds Investing FAQS1. Do I lose money when…

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Plan Your Time Off: Holidays in the Philippines and Long Weekends in 2022

Any employee is looking forward to two things—paydays and holidays. Well, who doesn’t? Holidays in the Philippines allow people to spend some quality time with their loved ones, and that much-needed me-time before getting back to the daily grind. Start planning your vacations for next year by keeping tab of Philippines holidays in 2022. Here’s a quick guide to the Philippine holidays and long weekends that can help you plan your vacations wisely. Table of ContentsList of Official Holidays in the Philippines 2022List of Regular Holidays in the Philippines 2022List of Special Non-Working Holidays in the Philippines 2022List of Special Working Holidays in the Philippines 2022Long Weekends in 2022When to Schedule Your Vacation Leaves for 2022Cheat Sheet to Schedule Your Leaves for 2022Vacation Planning Ideas for Long WeekendsNew Year WeekendChinese New Year WeekendAll Saint’s Day WeekendChristmas WeekendEnd of the Year WeekendFinal Thoughts List of Official Holidays in the Philippines 2022 There are 239 working days[1] and 16 holidays in the Philippines in 2022. According to research done by Gulf Business, the Philippines is one of the countries with the most public holidays in the world.[2] India tops the list followed by Columbia and the Philippines. Holidays in the Philippines are also grouped into two—regular and special non-working holidays. Regular holidays typically have a fixed date, like New Year’s Day, Labor Day, and Christmas Day. On the other hand, special non-working holidays are more flexible. They are typically enacted by Congress or declared by the President. However, recently, the Philippine government proclaimed three special working days to minimize work disruption and…

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Practical Money Strategies for Single Parents in the Philippines

While money can’t buy happiness, it certainly does make life easier, especially for single parents who have mouths to feed and bills to pay. The struggle to manage finances as a single parent in this pandemic has never been more real. One money mistake can seriously set you back and affect your cash flow.   Moneymax recently asked three single parents for their top money strategies to help out other single parents who are struggling financially during this pandemic.  Pearl Gonzales is the Co-General Manager of Moneymax. At 39, she’s a proud single mom to Jenson, 17 and Jacob, 11. Her monthly budget is around PHP 52,000.  Rina Ballesteros is a 37-year-old single mom and the Head of Telesales at Moneymax. She has a 16-year-old daughter, Helaena Rianne, who’s currently attending senior high school at De La Salle Lipa. Rina has a monthly budget of PHP 66,500. Ross Leonardo is a 39-year-old single dad working as an Account Development Executive at American Express. He has two boys: Elijah, 16, and Israel, 3. He spends around PHP 60,000 monthly for necessities and utility bills.  Table of Contents3 Single Parents in the Philippines on Managing Finances with Single Income1. Set a Budget2. Keep Track of All Your Expenses 3. Prepare for Emergencies 4. Don’t Live Beyond Your Means 5. Debt is Inevitable―What’s Important is That You Pay It Off 6. Borrow Only What You Can Pay 7. Negotiate Your Loan Payment Terms  8. Avail of Solo Parent Benefits 9. Save Money, Even If You Have Many Financial Obligations10. Get Insured Working and Winning on a Single Parent Budget Take the Risk and…

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How to Use PESONet Transfer Service: Guide for Consumers and Businesses

Apart from paying bills and purchasing items online, you can now use your smartphone to transfer money in bulk. That’s right. Imagine, you can even send your employees’ salaries online. How? By using the Philippine EFT System and Operations Network or PESONet. Launched in 2017, PESONet Philippines allows users to transfer money to another bank or non-bank institution that also uses the facility. Keep on reading to more about how to use the PESONet transfer service. Table of ContentsWhat is PESONet?PESONet vs InstaPay: What are the Differences?How Does PESONet Work?Benefits of Using PESONetList of PESONet Banks and Financial Institutions in the PhilippinesCommercial and Universal BanksThrift BanksRural BanksElectronic Money IssuersWhat is the Limit for PESONet Transfer Transactions?PESONet Clearing TimePESONet Transfer FeesHow to Use PESONet PhilippinesHow to Transfer Money via PESONetHow to Receive Money via PESONetPESONet Philippines FAQs1. Is the PESONet transfer service secure?2. Do I need to enroll the receiver’s account?3. How will I know if my PESONet transfer is successful?4. How long does a PESONet transfer take?5. What happens if I received a transfer error?6. What if I entered the wrong account number?7. Can I use PESONet to transfer money overseas?8. Can I use PESONet to pay bills?9. What is the PESONet customer service contact number I can call?Final Thoughts What is PESONet? PESONet[1] is a batch electronic fund transfer (EFT) credit payment scheme, which serves as an alternative to a paper-based check system. PESONet fund transfers are processed in bulk and cleared in batch intervals. There is no transfer limit with this fund transfer service. However, transferring money isn’t…

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Where Can I Invest My P1,000? 8 Investments to Consider (Plus Pros and Cons)

“Where can I invest my 1,000 pesos?” If you don’t have a lot of cash right now but want to start investing, can you still invest a small amount like PHP 1,000 and make it grow? The answer is a big YES. There are investments for beginners and many other possible investments for different risk appetites. It’s really up to money-savvy Filipinos like you to find these investments and take advantage of them. Table of ContentsWhere Can I Invest My 1,000 Pesos? 8 Cheapest Investments in the PhilippinesMutual FundsUnit Investment Trust Fund (UITF)StocksTime DepositPag-IBIG MP2 Savings ProgramSSS PESO FundGInvest InvestaFinal Thoughts Where Can I Invest My 1,000 Pesos? 8 Cheapest Investments in the Philippines If you have PHP 1,000 in your wallet or savings account right now, don’t spend it just yet. Check out these cheap investments in the Philippines first! Mutual Funds Minimum additional investment: PHP 1,000 A mutual fund pools your money with multiple investors into a bigger fund, which will then be invested in bonds, stocks, or money market funds. The funds are managed by a specialized mutual fund company where your shares are managed by a fund manager. The Securities and Exchange Commission (SEC) regulates mutual funds companies in the Philippines. Ideal for: Low to high-risk investors with long-term financial goals Mutual Fund Investing Advantages Mutual funds are among the best investments in the Philippines, especially if you’re a beginner and have no time and expertise to monitor your fund’s performance. The bigger your investment and the longer you invest, the higher profit you’ll get. A…

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Scan to Pay: How to Use a QR Code for Digital Payments in the Philippines

Electronic or digital transactions have become a part of the new normal. The pandemic has led to the increase in digital transactions, with businesses offering goods and services online and consumers paying for them through bank transfers, mobile wallets, and scanning a QR code in the Philippines.  Thus, buying and selling transactions are slowly moving away from cash payments and gradually being replaced by QR code payment (also called scan to pay), which is considered faster, easier, and a lot more accurate. In fact, the value of QR code transactions in the Philippines has reached almost PHP 1 billion as of May 2021.[1]  Whether you’re already doing QR code transactions or not, it’s worth knowing more about QR code in the Philippines and how it works.  Table of ContentsWhat is a QR Code in the Philippines?What is QR Ph?What is QR Ph P2P?What is QR Ph P2M?How Does QR Ph P2M Work?What Do You Need to Make a QR Ph P2M Payment?Which Businesses Can Use QR Ph P2M?Pros and Cons of QR Ph for Consumers and MerchantsQR Ph ProsQR Ph ConsGuide to Using QR Ph for Digital Payments in the PhilippinesHow to Receive Payment Using QR Ph P2PHow to Send Payment Using QR Ph P2PHow to Send Payment Using QR Ph P2MFinal Thoughts What is a QR Code in the Philippines? The meaning of QR is Quick Response. A Quick Response or QR code is a printed barcode composed of square-shaped grids[2] scanned through a smartphone or any computer system. Initially, QR codes were developed by a subsidiary of Toyota…

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How to Compute 13th Month Pay (Plus FAQs)

Aside from Jose Mari Chan’s inescapable soothing voice, there’s another artist we Filipinos usually associate with the holiday season: the exhilarating vocal prowess of Aegis. Specifically, when they emphatically ask all employers in the Philippines to give everyone their Christmas bonus and 13th month pay. Indeed, you should expect a lot of cash flow going straight to your bank account, courtesy of your 13th month. Have you received yours yet? It’s time to learn more about this year-end benefit, especially how to compute 13th month pay, and all other related concerns. See them below. Table of ContentsWhat is 13th Month Pay in the Philippines?How to Compute 13th Month PayBasic 13th Month Pay Formula in the PhilippinesHow to Compute Prorated 13th Month Pay13th Month Pay FAQs1. Is 13th month pay taxable?2. When will I receive my 13th month pay?3. Why should I receive a 13th month pay?4. What’s the difference between a 13th month pay and a bonus?5. Are maternity leaves included in the 13th month pay computation?6. Are managers entitled to a 13th month pay?7. Are government employees entitled to 13th month pay?8. If I resigned/was terminated from my company, am I still entitled?9. When is the 13th month pay given to resigned/terminated employees?10. I’ve never received my 13th month pay. How do I report it?Final Thoughts What is 13th Month Pay in the Philippines? 13th month pay is an additional compensation given to employees in the Philippines, typically at the end of a year. It’s a mandatory benefit provided to employees under Presidential Decree No. 851.[1] All rank-and-file employees who have…

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7 Best Banks in the Philippines for Opening a Savings Account

Ever since your parents read you the story of the ant and the grasshopper, the importance of preparing for the rainy days had been instilled into your young and impressionable mind. And as you grew up, the value of that fable could easily be seen in how you saved up your baon so you could buy toys, comics, or whatever that would make you happy. Now that you’re a young professional, you’ve come to realize how important it is to save. Sooner or later, you’ll find yourself planning your first trip abroad, your wedding, and even your retirement. All these goals require a large reserve of cash, which will only exist if you’ve had a good head start.  Kickstart your savings journey with the right bank―one that understands your needs and suits your lifestyle. If you don’t have an idea about choosing the best bank in the Philippines, this guide’s got you covered! In case you’re an expat who has stumbled upon this article, stick around as you’ll also benefit from this list.  Table of Contents6 Factors to Consider When Choosing the Best Bank in the Philippines1. Types of BankUniversal and Commercial BanksThrift BanksRural and Cooperative BanksDigital Banks2. Financial Products and Services Offered3. Bank Fees4. Accessibility of Branches and ATMs5. Bank Security6. Customer ServiceTop 7 Best Banks in the Philippines in 20211. Bank of the Philippine Islands (BPI)2. Metrobank3. Security Bank4. UnionBank5. CIMB Bank Philippines6. ING Philippines7. Tonik Digital BankFinal Thoughts 6 Factors to Consider When Choosing the Best Bank in the Philippines The following factors will help you determine…

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Free Online Courses in the Philippines You Can Take Up Today

Free online courses in the Philippines are easily accessible for you to learn and improve your skills anytime. Aside from being able to enroll and study within the comforts of your home, there are also a variety of courses to choose from. Whether it’s for finding a job, advancing your career, starting a business, or simply learning something new, you can find many courses that suit your needs and interests.  Taking free online classes in the Philippines also allows you to explore your interests and help you decide which career or business path you want to take in the future. Choose from any of these options!  Table of ContentsTESDA Online Courses for Developing Various Skills1. Managing Your Personal Finances2. STAR Online Training Program3. SMART Technopreneurship 1014. Web Development Using HTML5 and CSS35. Bread and Pastry Production NC II6. Cookery NC II7. Massage Therapy NC II8. Job Interview Skills Training Course9. Workplace Communication10. Start and Improve Your Business11. Harnessing Social Media to Expand Your Business12. COVID-19 ManagementFree Online Courses in the Philippines on Entrepreneurship1. How to Build a Startup2. Funding Your Business3. Business Growth Strategy4. Business Intelligence Tools5. Entrepreneurship 1: Developing the OpportunityFree Online Courses on Digital Marketing1. Learn Digital Marketing2. How to Create a Website Using WordPress3. SEO Training Course by Moz4. Using Social Media for Business5. The Digital Economy: Selling Through Customer Insight6. Starting a Business 3: Customers and Competitors7. Ethical Marketing and Advertising (EMA)Free Online Courses on Personal and Career Development1. Work Smarter, Not Harder: Time Management for Personal & Professional Productivity2. Mindfulness for Well-Being and Peak Performance3. Introduction to Personal…

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Investments for Beginners: Find the Right Investment for You

Many of us Filipinos believe there’s only one way to make money—by working for it. Either you’re paid to provide a service or you earn from running your own business. However, there’s a second but less popular way to make money—making it work for you. This entails investing your money so that it earns more money. When you invest, your money earns interest over time, or you buy an asset and sell it later for a higher price when its value has increased. According to the Bangko Sentral ng Pilipinas (BSP) 2019 financial inclusion survey,[1] only 25% of Filipinos have some sort of investment.  Although it’s true that money doesn’t grow on trees, it can definitely grow if you invest wisely. Start with knowing the basics of investments for beginners through this guide. Table of ContentsWhat is the Meaning of Investment?Types of Investments in the Philippines1. Ownership Investments2. Lending Investments3. Cash EquivalentsBest Investments for Beginners in the Philippines1. Pag-IBIG MP2 / SSS PESO Fund2. Stocks3. Bonds4. Mutual Funds5. VUL Insurance6. UITFs7. GInvestWhat is Investment Risk Tolerance?1. Conservative2. Moderate3. AggressiveHow Much Money Do I Need to Start Investing in the Philippines?How Much of My Income Should Go to Investments?Are Investments Subject to Tax?Investments 101: 5 Tips for Investment in the Philippines1. Save up for Emergencies2. Set Your Investment Goals3. Invest Regularly4. Educate Yourself ContinuouslyFinal Thoughts What is the Meaning of Investment? Many people use the term “investment” rather loosely for a number of things, despite not completely understanding investments for beginners. A newly bought BMW can be labeled as an investment….

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