All Articles With Category : Personal Finance

The latest and the best financial news, tips and tricks.

Guide to Computing Your Meralco Bill and Electricity Consumption

Don’t you just hate getting shocked by how much your electricity bill has increased compared to previous months? Especially now that you’re mostly at home, your electric consumption is probably higher than before. If you hate surprises like that, then you have to prepare yourself and your budget for what’s to come. Before your next Meralco bill arrives, know how to compute your electric consumption for the month. Another benefit of knowing how to compute Meralco bill is it enables you to determine which of your appliances and devices consume too much electricity. In doing so, you can adjust how you use these power-hungry devices to lower your monthly electric bill. Here’s a simple guide to computing your monthly electric consumption. Table of ContentsLearn How to Read Your Electric MeterHow to Compute Meralco Bill How to Compute Electric Consumption in the PhilippinesManual ComputationBy Using the Meralco CalculatorBy Using the Wattmatters CalculatorHow to File a Complaint for Meralco BillFinal Thoughts Learn How to Read Your Electric Meter Your electric meter plays a critical role on learning how to compute Meralco bill. Meralco uses your meter readings for the past month and present month to determine your total electricity usage in kilowatt per hour (kWh), which is the basis for computing your monthly bill. Why bother reading your meter yourself? Even if Meralco has trained meter readers who can do the job accurately, being able to read your electric meter lets you keep track of your power consumption to ensure that your household isn’t consuming too much electricity. If your electric meter has…

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[Battle of the Brands] PayMaya vs GCash: Which Mobile Wallet App is Right for You?

PayMaya and GCash are the biggest rivals in the Philippine mobile wallet market today. These e-wallet apps enable Filipinos—especially those without bank accounts and credit cards—to make cashless transactions. These apps have been popular over the past few years, as more Filipinos have embraced online shopping.[1] A lot of online retailers and shops have also decided to include mobile wallets in their payment options. Add to that the fact that the pandemic has forced people to stay home, which means that going online and cashless is the safest way to transact. If you have never used a digital wallet but want to try one, you’re probably searching for a PayMaya vs GCash comparison review online to know which is the better mobile wallet app. This Battle of the Brands edition looks closely at the difference between PayMaya and GCash, the two leading mobile money services in the Philippines. Table of ContentsMobile App Usage and RankingWinner: GCashSecurityWinner: BothAccount RegistrationDownload the GCash AppWinner: BothMobile Wallet App FeaturesPayMaya vs GCash Comparison: Which App Provides More Services?Winner: GCashConvenienceWinner: PayMayaCash In and Cash Out FlexibilityPayMaya vs GCash Comparison: Cash-In OptionsPayMaya vs GCash Comparison: Cash-Out OptionsWinner: GCashBills Payment ServiceWinner: GCashFinal Thoughts: Which is Better, PayMaya or GCash? Mobile App Usage and Ranking Which mobile wallet is used more in the Philippines? While having more users doesn’t make an app superior to the other, it does speak about the app’s popularity and to some extent, trustworthiness. If an app has garnered lots of users, it may mean that people have found something useful and helpful in it….

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What You Need to Know About COVID-19 Vaccines in the Philippines

The development of coronavirus disease (COVID-19) vaccines is a huge help in the fight against this global pandemic. With a COVID-19 vaccine in the Philippines, people can get protection from severe symptoms that usually lead to hospitalization or death.   As of this writing, there are 828,366 COVID-19 cases in the country and a total of 14,119 deaths.[1] The Philippine government is aiming to achieve herd immunity against COVID-19 by 2023.[2] Herd immunity or community immunity occurs when a high percentage of the community is immune to a disease (through vaccination and/or prior illness), making the spread of this disease from person to person unlikely.[3] Table of ContentsWhat is the COVID-19 Vaccine? Is It Safe to Get the COVID-19 Vaccine?Who Will Get Vaccinated First? COVID-19 Vaccination Program Prioritization FrameworkCOVID-19 Vaccine Price List in the PhilippinesFAQs on COVID-19 Vaccines in the Philippines1. Has anyone caught COVID-19 after getting the vaccine?2. Do I still need the vaccine if I already had COVID-19?3. What are the side effects of the COVID-19 vaccine?4. Is COVID-19 vaccination mandatory?5. What should I do on my vaccination day? 6. Can the private sector procure COVID-19 vaccines?Some Things to Remember on Your Vaccination DayFinal Thoughts What is the COVID-19 Vaccine?  The COVID-19 vaccine is a vaccine that provides acquired immunity against severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus causing COVID-19.  In general, vaccines work by helping your body develop an immunity to germs or viruses. Vaccines mimic these germs and viruses. As a result, your body develops antibodies to fight them off and prevent you from getting sick…

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Holiday Pay Rules and Computation for Employers and Employees in the Philippines

As an employer, do you observe the holiday pay rules mandated by the Labor Code of the Philippines? And if you’re an employee, are you paid correctly for the work you’ve rendered on a holiday? You might dismiss the importance of this kind of pay, but it’s essential to know the holiday pay computation in the Philippines. For employees, it ensures they receive fair compensation for working on a holiday. For employers, it ensures compliance with the law and prevents salary disputes from employees. Here’s everything you need to know about holiday pay in the Philippines. Table of ContentsWhat is Holiday Pay?Who is entitled to Holiday Pay?How to compute Holiday Pay in the Philippines?1. Regular Holiday Pay Computation2. Special Holiday Pay ComputationIs Holiday Pay taxable?Final Thoughts What is Holiday Pay? Holiday pay is the amount that eligible employees in the private sector receive—whether they worked or not—on a regular or special non-working holiday. Under the Philippine Labor Code[1], employees covered by holiday pay rules should receive at least 100% of their salary even if they did not report for work, as long as they’re present on the workday or on paid leave on the day immediately before the holiday. Who is entitled to Holiday Pay? Not all employees in the Philippines are entitled to this kind of pay. You’re exempted from receiving this government-mandated benefit if you belong to any of the following groups: Workers for retail and service companies with less than 10 regular employees Managerial employees Managerial staff members and officers Government employees Kasambahays Employer’s family members who are…

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If I Get COVID-19, How Much Do I Need to Pay?

Many Filipinos cannot afford hospitalization, what with the expensive healthcare cost in the Philippines. Amid the COVID-19 pandemic, it’s no surprise that people fear the cost of hospitalization more than the coronavirus itself. The number of positive cases and deaths in the country continues to rise. As of this writing, over 795,000 confirmed cases and 13,425 deaths in the Philippines have been recorded.[1] Worldwide, there are about 131.2 million cases and over 2.9 million deaths in 219 countries and territories.[2] Nobody wants to become part of the statistics. But the invisible enemy is unpredictable, so you want to be prepared for the worst. Somehow, it helps to know how much you’ll have to spend should you or a loved one get treated for COVID-19. Table of Contents The Cost of COVID-19 Treatment in the PhilippinesHow Much is the COVID Hospital Bill in the Philippines?What COVID Treatment Cost Will PhilHealth Shoulder?PhilHealth COVID-19 Hospital Coverage What Will Your Health Insurance Cover?What Will You Pay Out of Pocket If You Get COVID-19?Cost of COVID-19 Hospital Treatment in the Philippines COVID-19 Cost for Patients Under Home CareFinal Thoughts The Cost of COVID-19 Treatment in the Philippines There’s no hard data yet on the average COVID-19 treatment cost. A COVID-19 patient’s hospital bill in the Philippines will vary depending on the severity of the condition, the hospital where the patient is admitted, confinement duration, and other factors. If news reports are any indication, the cost of COVID-19 treatment in the Philippines can cost a fortune. We’re talking about at least a million pesos here. Take…

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Digital Banking in the Philippines: Everything You Need to Know

“The reality is that nobody wants to spend time on banking, especially when it means taking time to visit the bank branches and waiting in line,” ING Bank’s Head of Retail Banking Mohamed Keraine said in an interview [1]. This is where digital banks in the Philippines come in. In a recent McKinsey study, researchers found that only 14% of Filipinos with bank accounts are taking advantage of their respective banks’ online capabilities. The researchers attributed this to the country’s lack of initiative in providing a digital banking experience. But banking institutions should stay optimistic. In the same McKinsey study, they found that 65% of the respondents will consider opening an account with a trusted digital bank. While traditional banks relied on online banking websites and apps to make banking easier, they are without their limitations. These limitations brought us to the technology we have right now: digital banking. As a flashy new tech, digital banking will definitely be a challenging concept to explain to the common Filipino. To help educate the masses, here’s a primer on how digital banks in the Philippines are changing the way we bank. Table of ContentsWhat is Digital Banking?Advantages of Digital BankingDisadvantages of Digital BankingDigital Banking vs. Online BankingTop Digital Banks in the PhilippinesING BankCIMB BankTonik BankComparison of Digital Banks in the PhilippinesFinal Thoughts What is Digital Banking? In a nutshell, digital banking allows you to do all banking transactions right on your smartphone. It sounds too simple, but that’s pretty much what it is. Download the bank’s app, open a bank account, deposit money,…

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Schools with Highest Tuition Fee in the Philippines

Parents always put their children’s education first. This is why a lot of them are almost endlessly researching for the best schools that will suit their kids’ interests and goals. After all, elite and reputable institutions offer not only quality education but also networks and similar privileges that will surely help their students a lot once they leave for the real world. Sending your child to the most expensive school in the Philippines for high-quality education can take out a lot of your family financially. One good piece of advice is to start preparing for your child’s tuition while they’re young—and it could be now! Table of ContentsMost Expensive Schools in the Philippines8 Most Expensive High Schools11 Most Expensive Universities and CollegesFinal Thoughts Most Expensive Schools in the Philippines If you’re planning to have your child study at a well-respected institution, here’s a rundown of schools with the highest tuition fee in the Philippines, from high school to college. Note: The fees stated below are just ballpark figures and are supposed to give you an idea of how much you should prepare for your child’s education. The prices may change depending on the degree and miscellaneous fees. Also, a lot of schools might have revised their schedules of fees because of their adoption of online set-ups and study-from-home schemes due to the ongoing pandemic. 8 Most Expensive High Schools 1. International School Manila Tuition: USD 14,460 plus PHP 464,000 – USD 16,160 plus PHP 519,000 per year When it comes to prestigious high school education, no one can doubt the…

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Tonik Digital Bank: Your Guide to Neobanking in the Philippines

The cashless revolution in the Philippines is in full force with the recent arrival of Tonik Digital Bank, the country’s first digital-only bank. It is also our first introduction into the concept of neobanking, the supposed future of banking. The brazen newcomer promises better interest rates and an even easier application process compared to other digital banks in the Philippines. But that begs the following questions: What is neobanking? How does it compare to digital banking? How good are the interest rates? And how exactly do I get my hands on Tonik? Luckily, there is enough space in this helpful guide to answer all those burning questions. Table of ContentsWhat is a Neobank?Neobanks vs. Digital BanksWhat is Tonik Digital Bank?Tonik Digital Bank Features and Services1. Savings Account2. Solo Stash3. Group Stash4. Time DepositHow to Open a Tonik Digital Bank AccountHow to Verify Your Tonik AccountHow to Cash In Using the Tonik Digital Bank AppHow to Cash In via Debit CardHow to Cash In via Online Banking (GCash, Coins.ph, BPI, UnionBank)How to Cash In via Over-the CounterHow to Open a Tonik Stash AccountHow to Open a Tonik Time Deposit Account How to Send Money Using the Tonik Digital Bank AppHow to Send Money to Other Tonik AccountsHow to Send Money via Bank TransferHow to Send Money via GCashHow to Send Money via Over-the-CounterFinal Thoughts What is a Neobank? Neobanking is the newest way to go about your banking needs in the digital age. For starters, a neobank is a digital-only virtual bank that offers financial products and service 100% online with…

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How to File an Income Tax Return in the Philippines: Guide for Freelancers and Entrepreneurs

It’s the tax season once again. For freelancers and entrepreneurs, this means getting yourself busy because you’re filing an income tax return (BIR Form 1701) and paying taxes all by yourself. The work would be easier if you can afford to hire an accountant or tax agent. But what if you can’t? Tax preparation and filing in the Philippines can be very confusing for beginners and even for those who have been doing it for years. If it’s any consolation, filing ITRs nowadays is a lot easier than it was before. The forms have been reduced from 12 to four pages. Also, the Bureau of Internal Revenue (BIR) has introduced online methods for preparing and filing ITRs. Lastly, tax payments can be conveniently made through ATMs and online banking channels. No experience yet in filing an income tax return as a self-employed individual? This comprehensive guide should give you a head start. Table of ContentsWho is Tax Exempt?Why Do Freelancers and Online Sellers Have to Pay Taxes?How to Register as a Freelancer or Self-Employed Individual with the BIRBIR Registration RequirementsBIR Registration StepsWhat is Income Tax Return?When to File Income Tax ReturnHow to File an Income Tax Return in the PhilippinesWhat is the Electronic Filing and Payment System?What is Electronic BIR Forms?What is Manual Filing of ITR?How to Get a Copy of My ITR in the Philippines Online?Send an Email Request to the BIRCall the BIR HotlineCheck Your ITR Through eFPSRequest Your ITR Through the FOI WebsiteTips for Organizing Your Taxes as a Self-Employed Taxpayer1. Create a Separate Bank Account for…

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Where to Exchange Peso to Dollar: Best Places to Change Money in the Philippines

According to the Philippine Statistics Authority (PSA), the Philippines has an estimated number of 2.2 million OFWs.[1] With this figure alone, you can easily say that a lot of families here in the country receive dollars, yens, dinars, and wons regularly. Our country has also a lot of freelancers working for foreign companies. Thus, they’re earning in foreign currency, too. Whether you’re receiving OFW remittances or freelancing for international clients, chances are you have kept the money because you’re waiting for the value of its peso equivalent to get higher. You’ll then have it exchanged when the right time has come. But getting the most out of your foreign currency doesn’t stop there. You also need to have it exchanged at the best money changer in the Philippines with good rates. The same rule applies if you’re exchanging your pesos with another currency. With that, we’ve come up with a list of the country’s top currency exchange centers, as well as other places where you can buy or sell dollars and other currencies. They offer reasonable foreign exchange rates, convenience, and safe transactions. Table of ContentsWhat is the Best Money Changer in the Philippines? Czarina Foreign Exchange Naila’s Money Changer Tivoli Money Exchange Moonlight Money ChangerSanry’s Money ChangerBest Remittance Centers with Money Exchange Service in the PhilippinesCebuana LhullierM LhuillierPalawan PawnshopWestern UnionBanks with Foreign Exchange ServicesBest Banks for Money ExchangeForeign Exchange Shops and Counters in MallsTips When Getting Your Money Changed in the Philippines1. Avoid Changing Money at the Airport 2. If Possible, Avoid Paying Commission3. Compare Rates Before You Exchange Money4….

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The Importance of Vaccination and Prices of Vaccines in the Philippines

As cliché as it may sound, health really is wealth. But the sad thing is that no matter how much we take care of our health, we’re still not 100% immune to diseases. We can still get sick, and we don’t know how sick we can get.  This is why it’s important to take extra measures to protect ourselves. Aside from living a healthy lifestyle and having a balanced diet, getting vaccinated should also be on top of the list.  Increase your protection from the get-go. In this Moneymax guide, learn how vaccines work against diseases and how much you’ll spend to get the necessary shots.  Table of ContentsHow Vaccines Work: A Brief ExplainerAre Vaccines Safe?How Much Do Vaccines Cost in the Philippines?Vaccine Price List in the Philippines1. Influenza or Flu 2. Human Papillomavirus (HPV) 3. Hepatitis B 4. Tetanus, Diphtheria, Acellular Pertussis5. Chickenpox 6. MMR (Measles, Mumps, Rubella) 7. Rotavirus 8. 6-in-1 9. Varicella or Chickenpox When Should I Get Vaccinated?Where to Get Vaccines in the PhilippinesCOVID-19 Vaccine Updates1. Novavax2. AstraZeneca  3. Gamaleya 4. Pfizer BioNTech5. Sinovac Biotech 6. Moderna 7. Johnson & JohnsonWhat You Should Do Before Getting VaccinatedFinal Thoughts How Vaccines Work: A Brief Explainer The World Health Organization explains vaccines as a simple and effective way to protect people from harmful diseases — even before they come in contact with them. It uses the body’s natural defenses to resist certain infections and strengthen the immune system.[1] Vaccines have the same germs that cause illnesses and diseases. For instance, measles vaccines contain the measles virus. But because traces of the virus…

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What is the Best Life Insurance in the Philippines?

Congratulations on making that decision to get a life insurance plan! As a breadwinner, being insured means sparing your loved ones from financial burden when something unexpected happens to you. When life throws a curveball, you can lose your investments. Your savings can also run dry. Everything you’ve worked so hard to achieve can be quickly wiped out by an accident, permanent disability, critical illness, or death. So it just makes sense to know your options and get the best life insurance in the Philippines.  But before you sign up for a policy, compare life insurance options just like you would compare credit cards and other financial products. You’ll be spending your hard-earned money on insurance, so make sure that your choice will be worth paying for. Table of ContentsWhat is Life Insurance in the Philippines? Why Compare Life Insurance?How to Choose the Best Life Insurance in the Philippines3 Things to Consider When Choosing a Life Insurance CompanyBest Life Insurance Companies in the PhilippinesLife Insurance Companies with Highest Premium IncomeLargest Life Insurance Companies Based on AssetsLife Insurance Companies with Highest Net WorthLife Insurance Companies with Highest Net IncomeLife Insurance Companies with Highest NBAPEWhat is the Best Life Insurance Type for Me?Life Insurance Considerations4 Types of Life Insurance in the PhilippinesBest Life Insurance with Investment in the PhilippinesSun Maxilink PrimePRULink Assurance Account PlusManulife FreedomAxa Life BasiX PlusPhilam Life Family SecureTips on Comparing Life Insurance PoliciesFinal Thoughts What is Life Insurance in the Philippines? Life insurance is a contract between the insurance company and the insured. It guarantees a sum of money…

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CIMB Online Banking: Beginner’s Guide to Account Application and Using CIMB App

Convenience is among the things that banks promise or sell to their customers. However, only a few actually deliver. This is because a lot of banks still have complicated bureaucracies and unnecessary processes, which undeniably make banking a burdensome chore. If you’re after total convenience when it comes to banking, going digital is a great choice. In case you’re looking for a bank whose operations are completely online, CIMB Bank is worth considering. Here are all the important things you need to know about CIMB Bank, particularly how to use the CIMB Online Banking app, from opening an account to carrying out some basic banking transactions. Table of ContentsWhat is CIMB Bank?Is CIMB Bank Legit?How Safe is CIMB Bank?What are CIMB Banking App Features and Services?1. Cash In2. Fund Transfer3. Pay Bills4. Mobile Reload5. Cash Out6. Debit Card ManagementWhat are CIMB Bank’s Major Products?1. UpSave Account2. Fast Account3. GSave Account4. Personal LoanHow to Create a CIMB AccountUpSave Account Registration StepsFast Account Registration StepsGSave Account Registration StepsHow to Cash In Using CIMB AppSteps to Deposit Money OnlineSteps to Make an Over-the-Counter DepositHow to Cash Out From Your CIMB AccountHow to Transfer Funds Using CIMB AppCIMB Personal Loan GuideHow to Apply for a CIMB LoanHow to Pay Back CIMB Loan OnlineHow to Pay Back CIMB Loan Over the CounterFinal Thoughts What is CIMB Bank? CIMB Bank Philippines[1] is a completely digital and mobile-first bank. It is part of the Malaysian universal bank CIMB Group Holdings Berhad. CIMB stands for Commerce International Merchant Bankers. Related: Fully Digital Banking: What You Need To Know…

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Autosweep RFID Guide: Hassle-Free, Quicker Travel for Motorists

Do you often use the expressways on your daily trips? You know how long queues can get—it can take you half an hour or longer to line up for toll fee payment. And when you get to the toll booth, you’ll have to look for change. But the Autosweep RFID system has changed it all. Since the Toll Interoperability Project of the Department of Transportation was implemented in December 2017, motorists who travel from the south can go straight to toll plazas in the north, and vice-versa. Cashless transactions and reduced time spent at the toll gates are the greatest appeal of the radio-frequency identification (RFID) technology. Apart from this, full use of both Autosweep and Easytrip RFIDs will soon be implemented in major expressways in the Philippines. With that said, it’s important that you get your Autosweep RFID as soon as possible. Here’s a quick guide for you:. Table of ContentsAutosweep RFID CoverageAutosweep can be used in the following expressways:Autosweep and Easytrip: What’s the Difference?Autosweep RFID ApplicationHow to Get an Autosweep RFIDRequirements for Autosweep RFID ApplicationAutosweep RFID Enrollment in EasytripHow to Register Autosweep to EasytripHow to Use Autosweep Sticker and CardCan I Borrow Another Person’s Autosweep?Autosweep RFID Balance InquiryHow to Check Autosweep RFID Balance via SMSHow to Check Autosweep RFID Balance OnlineAutosweep RFID Reloading GuideHow to Load Autosweep RFIDHow to Load Autosweep RFID OnlineHow to Load AutoSweep RFID Using GCashHow to Load Autosweep RFID via Credit CardCREDIT CARDSFEATURES & BENEFITSFinal Thoughts Autosweep RFID Coverage Autosweep can be used in the following expressways: Metro Manila Skyway South Luzon Expressway (SLEX)…

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16 Savings Accounts with No Maintaining Balance

The Philippines is still a largely unbanked country. Data from the latest Bangko Sentral ng Pilipinas financial inclusion survey[1] show that 77% or 52.8 million adults don’t put their money in a formal bank account. Out of those who are unbanked, 60% said they didn’t open an account due to lack of money. This is a common misconception about having a savings account in the Philippines. In fact, Filipinos have many affordable banking options at their disposal. There are bank account types that make saving easy through no or low maintaining balance and initial deposit. No need to worry about not having enough money and having your account closed. You just need to know where to look for savings accounts with no maintaining balance. Here are the banks with no maintaining balance in the Philippines. All accounts listed below are insured by the Philippine Deposit Insurance Corporation (PDIC). Table of ContentsSavings Accounts with No Maintaining Balance1. ING Savings Account2. GSave Account3. CIMB Bank UpSave Account4. CIMB Bank Fast Account5. Maybank iSave6. AUB Starter Savings7. PNB TAP Mastercard Account8. PNB Debit Account Lite9. UnionBank Personal Savings Account10. China Bank Savings Easi-Save Basic11. DBP EC Card Account12. EastWest Bank Basic Savings AccountSavings Accounts with No Maintaining Balance for OFWs1. Bank of Commerce Sikap Pinoy OFW Account2. Sterling Bank Bayani OFW Savings Account3. Metrobank OFW Peso Savings Account4. BPI Padala MoneygerSavings Accounts with Low Maintaining Balance for Pensioners1. Metrobank SSS Pensioner Account2. DBP Pensioner’s Account3. PNB Pensioner Savings AccountFinal Thoughts Savings Accounts with No Maintaining Balance 1. ING Savings Account ING Philippines makes…

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34 Food Franchise Businesses You Can Start Under P1 Million

Negosyong patok ba ang hanap mo? If you have less than a million pesos, how far can it go? With the huge popularity of food carts today, you might make it big with a franchise business in the Philippines. Why a franchise business, you ask? Franchising is a sound business model. It allows aspiring entrepreneurs to leverage the strong brand recall and business operating systems of popular brands. They can achieve this at relatively lower costs than starting a business from scratch. Food is one of the best businesses to franchise in the Philippines. Filipinos love to eat. You can always find food stalls and food carts inside malls, train stations, and other public areas. Whether Filipinos are hungry or not, they like to have options wherever they may be. See all these money-making opportunities? Check out this list of potentially profitable and affordable franchise businesses in the Philippines. It’s a mix of both well-recognized and up-and-coming food and beverage brands with a starting business capital of PHP 50,000 to PHP 1 million. Whether you’re looking for an affordable pizza franchise in the Philippines or a more high-end coffee in-line store, you can find it on this list. Table of ContentsFood Franchise Business in the Philippines to Consider Potato Corner Food Cart, Kiosk, or In-Line Store FranchiseMaster Siomai Food Cart FranchiseSiomai House Food Cart FranchiseSiomai King Food Cart FranchiseHong Kong Style Fried Noodles & Dimsum Food Cart FranchiseZagu Food Cart FranchiseCitrus Zone FranchiseFruit Magic FranchiseFruitas FranchiseQuickly FranchiseMinute Burger FranchiseThe Shawarma Shack Food Cart FranchiseKhaleb Shawarma Food Cart, Kiosk, or CounterJM’s Shawarma Food Cart FranchiseMister Donut Food Cart,…

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Financial Tips for Couples: How to Balance Love and Money

When couples get married or move in together, they naturally take shared responsibility for their money along with their lives. How to split finances becomes one of the most important and urgent matters to settle from the get-go. How do couples manage finances? There is no one-size-fits-all rule so here are some financial tips for couples to get you started. Table of ContentsEffective Financial Tips for CouplesUnderstand Each Other’s Money PersonalitySet Your Financial Goals TogetherFind a Money Management Strategy that WorksCreate a Budget PlanIdentify Needs Vs. WantsMaximize Your BenefitsDiscuss Job SecurityDecide If You’re Financially Ready to Have KidsEstablish an Emergency FundReview Your Finances RegularlyFinal Thoughts Effective Financial Tips for Couples Understand Each Other’s Money Personality The key to good financial health and marital bliss is knowing and understanding each other’s views and behavior towards money. If you know what to expect, you can make compromises, and there won’t be as many unpleasant surprises along the way. Discover your money personality as well as your partner’s. Set Your Financial Goals Together One of the most important financial tips for couples is talking about your financial goals. Identify what you want to achieve together and how you’ll get there. Some considerations you must discuss with your partner: How to budget your daily household expenses Splitting of living expenses and bills Ways to pay off debts accumulated separately or together How to handle financial emergencies Saving and investment strategies Read more: Getting Married in the Philippines? Here’s What Couples Must Do Find a Money Management Strategy that Works Decide on a strategy for managing…

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25 Small Business Ideas You Can Start With Low Capital

Table of Contents Small Business Ideas in the Philippines to Start With 10kHomemade Beverage or Palamig BusinessHome-Cooked Meals Cellphone Loading BusinessSmall Business Ideas in the Philippines You Can Start Under 50kBeauty Products Reselling BusinessOnline Tutoring BusinessPiso Wi-Fi Vending MachineVloggingWeb Design BusinessOnline Fashion BoutiqueCake and Pastry BusinessBills Payment BusinessPersonal Shopping Services Small Business Ideas in the Philippines You Can Start Under 100kBicycle Shop BusinessCar WashDelivery/Courier Services BusinessHave a Bigger Budget? Here are More Negosyo Ideas Meal Plan and DeliveryHome Cleaning and Repair ServicesHair and Grooming Home ServicesGraphic Design and Video Editing BusinessLocal Grocery Store BusinessT-Shirt Printing BusinessLaundry Shop BusinessPest Control Services Food Cart FranchiseWater Refilling StationFund Your Small Business with a Personal LoanFinal Thoughts   Because of social media and the changing interests of consumers, demand for products and services continues to grow. Filipinos are more open to new brands and establishments, allowing the business industry to flourish more quickly. In fact, over 99% of registered businesses in the Philippines are micro, small, and medium enterprises (MSMEs)[1]. This number may have grown during lockdown as more small businesses launched online. You can be your own boss and grow your finances by starting your own venture. Here are 25 small business ideas in the Philippines you can set up even with low capital. Small Business Ideas in the Philippines to Start With 10k Homemade Beverage or Palamig Business Start-up cost: PHP 500 to PHP 5,000Items to invest in: Ingredients, purified water, containers, plastic bottles Selling ice-cold drinks is one of the low-cost yet profitable negosyo ideas in a tropical country like the Philippines. Ice-cold milk…

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Your Guide to the Best Health Cards for Senior Citizens in the Philippines

Isn’t it ironic that most health insurance companies end their coverage when you reach the age of 65? But at 65, you start to feel different aches and pains in your body. You’re also not earning as much as you used to. And this is why when you’re a senior citizen, you need health coverage more than ever. But that’s the sad reality for many senior citizens. They end up paying for checkups, hospital confinements, and surgeries with their own money. It may be hard to find a health card for senior citizens that will provide health coverage and medical benefits. But thankfully, there are still great options available. As senior citizens become more prone to illnesses and injuries, health cards should also offer better medical benefits. If you’re looking for an HMO for senior citizens, we have rounded up a few in this article.  Table of ContentsWhat is an HMO Health Card? What is the Difference Between a Health Card and a Health Insurance? Requirements for Health Card for Senior CitizensHMO Health Cards for Senior Citizens 1. Maxicare Prima Gold 2. MediCard RxER3. PhilCare Vida Care CORE4. Unli-Consult for 65-Plus by PhilCare5. PhilCare Vida Care PREMIEROther Health Packages Available for Senior Citizens 1. Sun Senior Care (Sun Life Philippines)2. Prime Care Cash Plan (Paramount Direct)3. Premium HealthCare Plus Plan (Paramount Direct)4. Pacific Cross Premier5. Kaiser Senior Care6. PhilHealthWhat are the Benefits of Health Cards for Senior Citizens? What to Look for in a Health Card Final Thoughts What is an HMO Health Card?  HMO stands for Health Maintenance Organization. It’s a network or organization that…

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Filipino Financial Bloggers You Should Follow in 2021

One of the best ways to handle your finances better is to learn from the experts and follow the journey of those who are on their way to financial freedom. There’s no shortage of good financial blogs and you can learn a lot from top financial bloggers in the Philippines who offer their knowledge, experience, and advice for free. So who are the best financial bloggers that you should follow this year? We’ve handpicked the best personal finance blogs in the Philippines that are worth bookmarking, as well as vloggers and influencers in the personal finance niche. Table of Contents1. Fitz Villafuerte of Ready To Be Rich2. Tyrone Solee of Millionaire Acts3. Randell Tiongson4. Chinkee Tan5. Dr. Pinky De Leon-Intal of My Finance MD6. Marvin Germo7. Izza Glino of SavingsPinay8. Rose Fres Fausto of FQMom9. Burn Gutierrez of Rock To Riches10. Jill Sabitsana of Frugal Honey11. Ameena Rey-Franc of The Thrifty Pinay12. Omeng Tawid of Smart Pinoy Investor13. Thea Sy-BautistaFinal Thoughts 1. Fitz Villafuerte of Ready To Be Rich One of the first and top financial bloggers in the Philippines, Fitz Villafuerte started his career as a civil engineer and left the corporate world to become a freelancer. Now a full-time entrepreneur and registered financial planner, he has been named as among the 12 most influential people in personal finance, along with the late Senator Edgardo Angara and former Bangko Sentral ng Pilipinas Governor Amado Tetangco. Fitz shares his tips on business, investments, and saving money on his blog, Ready To Be Rich[1]. It won the Best Business Blog at the Philippine…

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