All Articles With Category : Personal Finance

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

How to Use Smart Padala: A Guide for New Users and Agents in the Philippines

Smart Padala is one of the leading and most recognizable names in the Philippine money remittance industry. Even non-customers are probably familiar with the brand without getting a glimpse of its TV ads before. You may have come across its banners in your neighborhood store and practically everywhere. And you won’t even have to wonder what it does—the brand name alone tells what its business is all about. In local parlance, “padala” usually refers to the money sent to loved ones in the Philippines. You may know what the service is for, but do you know how it works? Before you avail of its service, learn more about how to use Smart Padala. Here’s a beginner’s guide to help you get started. Table of ContentsWhat is Smart Padala by PayMaya?What are the Other Services of Smart Padala?1. International Remittance Claims2. PayMaya Cash-In/Cash-Out3. Bills Payment4. Load PurchaseSmart Padala Requirements for RemittanceHow to Register with Smart PadalaSmart Padala Rates 2021How to Use Smart Padala ServicesHow to Send Money from the PhilippinesHow to Receive Money from the PhilippinesHow to Claim Your Western Union Remittance via Smart PadalaHow to Pay Bills via Smart PadalaHow to Purchase Load via Smart PadalaHow to Apply as a Smart Padala AgentSmart Padala Agent Application RequirementsHow to Apply as a Smart Padala AgentFAQs on How to Use Smart Padala 1. What should I do if I didn’t receive a Reference Number?    2. Does claiming money from a Smart Padala agent have a fee?   3. The name of the receiver has a typographical error. What should I do?4. Is there a minimum…

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Break It to Them Gently: How to Say No When Someone Asks to Borrow Money

“May extra money ka ba diyan? Pautang naman.” Sick and tired of getting a request to loan money for the nth time? Wondering how to say no when someone asks to borrow money? What makes this situation tricky is that it’s hard to say no to someone dear to you, despite your best efforts not to care about what people think of you. But at the same time, you don’t want to compromise your own finances. Utang is part of the Filipino culture, so much that the percentage of adults with outstanding loans increased to 33% in 2019 from 22% in 2017, based on the 2019 Bangko Sentral ng Pilipinas Financial Inclusion Survey. Of those with loans, 44% borrowed from informal sources, particularly family and friends.[1] In other countries like Australia and New Zealand, family disputes stemming from unpaid loans even reach the courts. That’s rare in the Philippines. Table of ContentsWhat Makes Lending Money so Awkward?How to Say No When Someone Asks to Borrow Money1. Keep Your Financial Status Private2. Consider Your Relationship with the Borrower3. Don’t Be Pressured Into Saying Yes4. Just Tell Them You Don’t Loan Money5. Practice Saying No6. Listen and Empathize7. Give Yourself Time to Think of an Appropriate Response8. Be Clear About Your Priorities9. Explain Your Financial Situation Honestly and Calmly10. Offer to Help in a Different Way11. Stand Your GroundFinal Thoughts What Makes Lending Money so Awkward? When money gets into a relationship, things are bound to get weird and awkward. Money is considered a sensitive and intimate subject for a lot of…

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How to Get a GCash Mastercard: Steps to Order and Activate Your GCash Card

Combining the benefits of a credit card and a debit card, the GCash Mastercard makes a great addition to both your physical and GCash wallets. You get the convenience of card payments even without a credit card or bank account. This makes it important for everyone who uses GCash to learn how to get a GCash Mastercard.  But worry not! We’ve crafted this guide to give you everything you need to know about buying, activating, and using the GCash Mastercard. Table of ContentsWhat is GCash Mastercard?GCash Mastercard FeaturesGCash Self-Service Features Card Linking6-Digit Card Pin Set and ResetCard Lock and UnlockGCash Mastercard FeesGCash Mastercard Uses and Benefits1. Withdraw Your GCash Balance2. Pay for Online Purchases3. Pay for In-Store PurchasesWho Can Get a GCash Mastercard?How to Get a GCash MastercardHow to Order a GCash Mastercard in GCash AppGCash Mastercard Online Application StepsWhere to Buy GCash MastercardHow to Activate Your GCash MastercardGCash Mastercard Activation Steps via GCash AppGCash Mastercard Activation Steps via *143#Frequently Asked Questions About GCash Card1. Is GCash Mastercard a credit card or a debit card?2. Is GCash Mastercard safe to use?3. Can I have two GCash Mastercards?4. When will I receive my card?5. How to follow up on my card’s status?6. Can somebody else claim my card for me?7. What is the expiration date of my GCash Mastercard?8. Why is my GCash Mastercard suspended? 9. How do I submit a ticket for card reactivation? 10. My account was debited, but no cash came out of the ATM. What should I do?11. How long should I wait for a GCash representative to address my…

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Plan Your Future Now: A Guide to Building Your Financial Roadmap

Making a financial roadmap is like registering to vote: if you haven’t done it yet, now’s the best time to start. Both can affect your life in more ways than one, and failing to do them both won’t bode well for your future. After all, you can’t blame everything on a pandemic.  Don’t know where and how to get started? Here are some tips to consider when preparing your financial roadmap for any set amount of time. Table of ContentsWhat is a Financial Roadmap?How to Set Up Your Financial Roadmap Set Your Financial GoalsKnow Your Financial PositionSecure Your Emergency Fund and InsurancePay Off Your DebtsHave an Investment Strategy in PlaceFinal Thoughts What is a Financial Roadmap? A financial roadmap is what you need to know where you are right now financially, where you should be heading to, and what you need to do to smoothly navigate the road to financial success. This way, you’ll be able to make sound decisions about money that can help you achieve your life goals. How to Set Up Your Financial Roadmap  Set Your Financial Goals Goal setting is the first step in making your financial roadmap. What do you want to accomplish by the end of the year and in the long term? Is it possible to achieve them during the pandemic? Do you have a big expense coming up this year? How much can you realistically set aside each week or month to have enough money for funding each life milestone? Whatever it is—getting married, overseas travel, or buying a new car—your financial goals…

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[Battle of the Brands] Is Android Better Than iPhone in 2021?

Google’s Android or Apple’s iPhone? Picking one is difficult. Both types of mobile devices have great features, and their differences aren’t too obvious. Also, these smartphones are equipped with two of the world’s leading mobile operating systems. Android and iOS have the largest market share in the Philippines (at 99.72% combined), as of February 2020.[1] But if you look at the finer details, it becomes clear which between Android vs iPhone suits you better. Keep reading this Battle of the Brands edition to make an informed choice when buying a smartphone. Table of ContentsWhat is the Main Difference Between Android and iPhone?Android vs iPhone: AffordabilityWinner: AndroidAndroid vs iPhone: Ease of UseWinner: iPhoneAndroid vs iPhone: Battery Life and Charging TimeWinner: AndroidAndroid vs iPhone: SecurityWinner: iPhoneAndroid vs iPhone: Camera PerformanceWinner: AndroidAndroid vs iPhone: CustomizationWinner: AndroidAndroid vs iOS Comparison: Software UpdatesWinner: iPhoneAndroid vs iPhone: Gaming PerformanceWinner: AndroidAndroid vs iPhone: StorageWinner: AndroidAndroid vs iPhone: Customer SupportWinner: iPhoneWhich Lasts Longer: iPhone or Android?Winner: iPhoneBattle of the Brands: Android vs iPhone TallyKnow Which Phone is Better for YouFinal Thoughts: Android vs iPhone What is the Main Difference Between Android and iPhone? The main difference between Android and iPhone lies in the operating system that they use. Android smartphones run on Android, an open source operating system owned by Google. Because Android is an open source operating system, many smartphone brands use it and just modify it depending on their intended design.  Smartphones running on Android range from affordable Realme units to the mid-ranger Xiaomi Redmi Note 10 Pro to high-end models, such as the Samsung S21. Because of the operating system’s open source nature,…

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How to Use ShopeePay: A Guide for First-Time Users

The concept of shopping at Shopee is already convenient as it is. You order from an online store, you pay, and you receive your item. Easy! However, we’re in the new normal where contactless payments are encouraged. Shopee’s answer to that? More convenience, thanks to ShopeePay. Shopee’s new mobile wallet adds to the extensive list of convenient payment options in the Philippines. Aside from encouraging minimal contact, it’s also a fast and convenient way to pay for all your Shopee purchases. Especially when it comes to checking out all the items in your cart from the Shopee 9.9 sale and all other major sales on Shopee for that matter! Find out more about how to use this mobile wallet in this guide. Table of ContentsWhat is ShopeePay?How Does ShopeePay Work?What Can I Do with ShopeePay?ShopeePay vs. Shopee WalletShopeePay Transaction LimitsIs ShopeePay Safe to Use?How to Activate ShopeePayHow to Verify Your ShopeePay AccountHow to Change Your Shopee UsernameSteps to Change Your Shopee UsernameHow to Top Up ShopeePaye-Wallet OptionsOnline Banking OptionsPayment Center OptionsOver-the-Counter (OTC) OptionsHow to Use ShopeePay to Pay for Your OrderHow to Use ShopeePay to Transfer Money to Other UsersHow to Withdraw Money with ShopeePayFinal Thoughts What is ShopeePay? ShopeePay is Shopee’s mobile wallet regulated by the Banko Sentral ng Pilipinas (BSP). It’s the rebranded version of Shopee’s initial attempt at entering the mobile wallet market, only with more useful features for shoppers and sellers alike. How Does ShopeePay Work? With ShopeePay, you can store money from your top-ups or refunds and then use it to pay for your next…

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How Much Does COVID-19 Hospitalization Cost in the Philippines?

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. As of this writing, the total number of COVID-19 cases in the Philippines is over two million.[1] Worldwide, there are about 218.4 million cases and over 4.5 million deaths in 221 countries and territories.[2] The rising number of positive cases and deaths in the country makes every Filipino worry about COVID-19 hospitalization cost in the Philippines. 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 ContentsHow Much Does COVID-19 Treatment Cost in the Philippines?How Much is the COVID Hospital Bill in the Philippines?What COVID Treatment Cost Will PhilHealth Shoulder?PhilHealth COVID-19 Hospital CoveragePhilHealth COVID-19 Home Isolation CoverageWhat Will Your Health Insurance Cover?What Will You Pay Out of Pocket If You Get COVID-19?COVID-19 Hospitalization Cost in the PhilippinesCOVID-19 Home Care ProgramsFinal Thoughts How Much Does COVID-19 Treatment Cost in the Philippines? A COVID-19 patient’s hospitalization cost 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 the case of a…

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How Much Does Mental Health in the Philippines Cost?

People in Southeast Asia had increased interest in mental health-related products and services. A study revealed that the Philippines, along with Malaysia and Indonesia, had had the highest surge in Google searches for mental health services.[1] Filipinos’ searches for mental health-related items surged by 151%, including scented candles, essential oils, therapy lamps, and weighted blankets. COVID-19 has greatly affected mental health in the Philippines with more and more Filipinos struggling to overcome stress and anxiety.[2] Citing a World Health Organization study, BusinessWorld reports that around 3.6 million Filipinos suffer from at least one kind of mental, neurological, and substance use disorder. With mental health in the Philippines becoming more at risk of being compromised, are Filipinos prepared to pay for the costs of treatments, medications, and therapies? Where can we seek help and services to cope with depression, anxiety, stress, and bipolar disorder? Keep reading to learn more. Table of ContentsBreaking the Stigma of Mental Health in the PhilippinesTreatment Facilities for Mental IllnessGetting Professional Help: Mental Health Costs in the PhilippinesHow Much Does Therapy Cost?How Much Does It Cost to Consult a Psychiatrist?How Much Do Antidepressants Cost in the Philippines?PhilHealth Coverage for Mental Health ServicesMental Health Facilities with Free Therapy and ConsultationsDOH Mental Crisis Hotline:Online Therapy and Mental Health Consultation Platforms1. Ateneo Bulatao Center2. Circle of Hope Community Services, Inc.3. DFS Consulting PH 4. Mental Health First Responders (MHFR) 5. Mind Care Club6. Philippine Mental Health Association 7. Prescription Psychiatrists8. Recovery HubMental Health Support Groups and Resources1. Anxiety and Depression Support Philippines (ADS)2. Buhay Movement3. Coalescent Foundation4. Mental Health and Psychosocial Support,…

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Buying School Supplies? 6 Money-Saving Hacks for Matipid Parents

Buying school supplies means different things to students and parents. Kids look forward to having new stuff when they go back to school, while their parents get all stressed out trying to provide everything they need.  This challenge gets all the more difficult, as school supplies get more expensive each year. And during a pandemic, it’s even trickier to get the best supplies for your kids. But still, a few strategic and budgeting tips can still help you save money this school year. Table of Contents5 Helpful Tips When Buying School SuppliesLearn How to Recycle BetterSet a Budget Based on Your Supplies ListGo Bulk When Buying School SuppliesWatch Out For Back-to-School Sales and PromosBuy Only High-Quality SuppliesFinal Thoughts 5 Helpful Tips When Buying School Supplies Learn How to Recycle Better Make an inventory of your children’s school supplies from last year. For sure, certain items are still in good condition, which means you don’t have to buy new ones. Sort those that can still be reused or recycled for another school year or two. Here are some ideas to trim down your back-to-school expenses: Recycle unused pages from old spiral notebooks. Remove clean sheets from their binding and sew them together to make a new notebook. Refill old pens and markers. Instead of buying new writing tools, you can save money by buying refills. Gather old pencils. As long as they aren’t broken, pencils just need to be sharpened, and they’re good to use again. Use old smartphones and tablets for online classes. Don’t throw away your old gadgets just…

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Tonik Digital Bank: How Neobanking Works 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 Deposit5. Tonik Debit CardHow 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…

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I Love You, Goodbye: The Cost of Annulment in the Philippines

So you married the person you thought you’d spend the rest of your life with. But after a few years, reality reared its ugly head. Now you’re trapped in a bad, miserable, and problematic marriage that can only be ended by an annulment. But with the steep annulment cost in the Philippines, not everyone can afford it. Not to mention the lengthy and oftentimes torturous process can take a toll on your mental and emotional well-being.  How much is an annulment in the Philippines, and how do you file for one? Learn more about it in this article.   Table of ContentsWhat is Annulment?What are the Grounds for Annulment of Marriage?What are the Grounds for the Declaration of Nullity of Marriage?Divorce vs Annulment in the PhilippinesWhat’s the Annulment Cost in the Philippines?   1. Lawyer’s Acceptance Fee2. Psychological Evaluation 3. Filing Fee4. Sheriff’s Fee5. Miscellaneous Expenses How to File for Annulment in the Philippines1. Familiarize Yourself with the Annulment Process 2. Find a Good Lawyer  3. Prepare the Petition4. File the Petition 5. The Court Process Will Commence 6. The Court Will Grant or Deny the Petition How Long is the Annulment Process in the Philippines?How to Save on Annulment Cost in the Philippines FAQs on Annulment in the Philippines1. Is there an annulment process in the Philippines without appearance?2. Is there cheap annulment or free annulment?3. What’s the annulment process like in the new normal?Final Thoughts  What is Annulment? An annulment of marriage is a legal decree that a marriage is null and void.[1] In an annulment, the marriage is considered valid until declared void.[2] You can file for an…

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10 Smart Money Management Tips for Pinoy Breadwinners

The Filipinos’ love for family is incomparable and unbreakable. For most of us, success and happiness are real only when shared with family. Thus, it’s not uncommon to forego our own dreams and goals if it means making our family comfortable, safe, and happy. This is the story of almost every Filipino breadwinner of the family who works hard to provide, even to the point of putting their dreams on the back burner. For Pinoy breadwinners, financial freedom seems like a far-fetched idea because of the many financial responsibilities. Like paying the bills, sending the kids to school, and just making ends meet.   But as difficult as it may sound, being the breadwinner of the family also teaches one to be resilient, responsible, patient, independent, and wise. Having these traits are key to achieving financial independence as well.  For OFWs, solo parents, children assuming the parent role, or anyone running a single-income household, here are some smart money management tips to help with your breadwinner budget and get your finances in shape. Table of ContentsBudgeting Guide: 10 Tips for the Breadwinner of the Family1. Track Your Money2. Have a Serious Talk About Finances with Your Family3. Know When and How to Say No4. Teach Kids the Value of Money and Hard Work5. Pay Yourself First6. Invest Early7. Get Insured8. Save for Retirement9. Live Within Your Means10. Avoid Bad DebtsFinal Thoughts Budgeting Guide: 10 Tips for the Breadwinner of the Family 1. Track Your Money Do you know where your money is going? It pays to track where exactly it goes. …

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How Does Philam Life Money Tree Work? Here’s What You Need to Know

Saving up is an essential financial activity. It helps you prepare for the rainy days or make your dream business or much-awaited vacation happen. However, banks can only offer so much. The reality is that the interest your money earns isn’t that substantial, even if you’re saving up with a high-interest account. If you’ve already built a robust emergency fund, it’s time to take things to the next level―start investing! For a lot of people, investing is such a big and intimidating word. But it’s one effective way of making your money work. If you have a high capital and want to dabble in investing, the Philam Life Money Tree is something worth looking at. It’s also a good choice for seasoned investors who want to expand their portfolio. Here are the important things you need to know about this investment product. Table of ContentsWhat is Philam Life Money Tree?Why Should I Invest in Philam Life Money Tree?1. Your Life Insurance Coverage is Already Guaranteed2. There’s Potential for Financial Growth3. You Have Full Control Over Your Investment Plan4. Your Fund is Managed by Experienced ProfessionalsDoes Philam Money Tree Offer Additional Coverage?1. Term Insurance2. Accident and Health Coverage3. Critical Illness CoverageWhere are My Payments Invested?1. PAMI Philam Bond Fund2. PAMI Philam Fund3. PAMI Philam Strategic Growth FundAre PAMI Funds Performing Well?I Want to Know More. Who Should I Contact?Final Thoughts What is Philam Life Money Tree? Offered by Philam Life, soon to be rebranded as AIA Philippines,[1] the Philam Life Money Tree is a variable unit-linked (VUL) product. This means that…

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Crypto Gaming 101: How to Play and Earn Online in the Philippines

Earning money from video games has always been the pipedream for hardcore and casual gamers alike. Thanks to technology moving too quickly, this is now entirely possible. You can either write about video games, stream yourself playing it, or make one yourself. If you want, you can even become a professional video game athlete and compete in various tournaments. But all of these require a lot of hard work. What if you can just earn by simply playing? Enter crypto games.  You’ve probably heard the story of an entire community making a living off of NFT video games online.[1] One resident earned PHP 1,000 after playing the hit game Axie Infinity for 15 days, and from there, other members of the community joined in on the fun. Since the quarantine won’t end anytime soon, it won’t hurt to try and explore other ways to earn some income from home.  To help you get started on NFT crypto gaming, here is an informative guide that will cover all your bases.  Table of ContentsWhat is NFT?How Do NFTs Work?What are Some Examples of NFT?What is Crypto Gaming?How Can You Earn Money Playing Crypto Games?Where Can You Play Crypto Games?How Risky are Cryptocurrency Games?Crypto Games You Can Play in the PhilippinesAxie InfinityCryptoBladesCryptoFightsCryptoKittiesLeague of KingdomsLost RelicsMy DeFi PetSplinterlandsNine ChroniclesThe Six DragonsTown StarFinal Thoughts What is NFT? NFT stands for non-fungible token. To understand what non-fungible means, it’s important to discuss the concept of fungibility. This refers to the ability of an asset to be exchanged with similar assets of the same value. An example…

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[Battle of the Brands] Lazada vs Shopee: Which is the Better Online Shopping Site?

Where do you usually shop online? Chances are, Lazada and Shopee are among your go-to sites for buying products on the internet. Indeed, these two e-commerce platforms dominate as online shopping destinations in the Philippines. Based on a Kantar Worldpanel survey, 84% of Filipinos would rather buy from established e-commerce companies despite having many more alternatives in the market. The convenience and significance of online shopping were further highlighted last year when the pandemic started. Due to lockdowns implemented left and right, people were left with no alternative but to source their needs online. It seems nothing will change over the next few years. Online shopping is here to stay, but you have to pick the platform that will give you wider options, more reliable service, and of course, value for money. Which between Lazada vs Shopee is the better e-commerce platform in the Philippines? This comparison review should give you a glimpse on how each company fares in different aspects of e-commerce and customer service, so you can make an informed decision on where to shop online. Table of ContentsBusiness Models of Lazada vs ShopeePopularityDesktop and Mobile User ExperienceWhich Website is Easier to Use on Desktop?Which Provides Better Mobile Experience: Lazada App or Shopee App?Product RangePricesSales and PromosLazada 8.8 Love Local SaleShopee 8.8 Mega Flash SalePayment OptionsWhich Company Offers More Payment Options?Lazada vs Shopee: COD RestrictionsDeliveryWhich Delivers Faster?Which Provides Same-Day Delivery?Which Has Cheaper Shipping Fees?Buyer’s ProtectionOrder TrackingCustomer SupportReturn and RefundLazada vs Shopee: Final Thoughts Business Models of Lazada vs Shopee Before we begin comparing Lazada vs Shopee, it’s important…

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J&T Express Guide to Shipping and Tracking Packages in the Philippines

The logistics market in the Philippines is seen to grow throughout and beyond the pandemic,[1] thanks to the surge in e-commerce transactions during the lockdown. Joining the logistics industry and competing with the likes of LBC Express and JRS Express is a new player in the logistics business: J&T Express. The courier service has already gained much attention in traditional and social media even if it was launched in the Philippines only in 2018. J&T Express is also a familiar brand among online sellers and buyers. If you often buy from Shopee, you likely have received some of your packages through this shipping service. Whether you need a courier for sending items to your customers or loved ones, J&T Express has got your shipping needs covered. Here’s a guide on J&T Express rates, delivery process, and other things you must know about this logistics provider. Table of ContentsWhat is J&T Express?How J&T Express WorksJ&T Express Delivery FeaturesJ&T Express Delivery ProcessHow to Ship via J&T Express BranchesHow to Book J&T Express Pickup ServiceJ&T Express Rates 2021J&T Express Shipping Rates from Metro ManilaJ&T Express Shipping Rates from LuzonJ&T Express Shipping Rates from VisayasJ&T Express Shipping Rates from MindanaoJ&T Express Shipping Rates from an IslandPrices of J&T Express BoxesJ&T Express TrackingJ&T Express FAQs1. How can I find J&T Express branches near me?2. What are the office hours of J&T Express?3. Does J&T deliver on weekends?4. How do I get a J&T pouch?5. Does J&T have a weight limit on packages?6. How many days does it take J&T Express to ship packages?7. Does J&T Express have COD?8….

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18 Golden Rules for Starting a Small Business in the Philippines

Many biz giants that make the products or services you’re consuming today started small. Apple and Google started in a garage. Jollibee was once a humble ice cream parlor before it became a food titan that acquired known brands like The Coffee Bean and Tea Leaf, Mang Inasal, and Burger King. Potato Corner, on the other hand, used to be a food cart business before it turned into an international franchise brand. Their stories are surely inspiring, but before they reached the glorious success they’re enjoying right now, the founders took the time to plan everything, observe trends, and take risks. They proved that there are definitely no shortcuts to great feats. So, if you want to start a venture that can potentially become the next big thing in the country (or in the world!), you may need to check out this guide. Here are some golden rules on how to start a small business in the Philippines. Table of ContentsHow to Start a Small Business in the Philippines: 18 Tips for Aspiring Entrepreneurs1. Create a New Market or Benchmark2. Validate Your Small Business Idea3. Plan Your Business Finances4. Decide on the Structure of Your Business5. Choose the Right Location6. Consult a Business Lawyer and a Tax Specialist7. Choose the Best Name for Your Small Business8. Create Your Brand Identity9. Apply for Licenses and Permits10. Pick the Right People11. Invest Time in Creating Your Prototype12. Choose the Right Suppliers and Partners13. Take Advantage of Social Media and Free Website Builders14. Be Resilient15. Have a Contingency Plan16. Be Data-Driven When Making…

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5 Essentials for Cryptocurrencies: Get Started Now

Editor’s note: This cryptocurrency basics guide, first published on Seedly,[1] was written by Saurav Bhatia, a Singapore-based banker who is into cryptocurrency investing. 🚨 Big Disclaimer: This is not investment advice. I’m not an investment advisor. These are my personal views and not those of my employer. This information on cryptocurrency basics is meant for educational purposes. Please do your own research before you decide to invest your hard-earned money. If you’re unsure, seek help from a professional financial advisor. If you’re reading this and haven’t signed up for my free 🔥 weekly newsletter on investment and crypto, join others by going to cryptoage.substack.com. Thank you. 🙏 Not everyone reading this article is expected to be a crypto enthusiast, so I will cover the cryptocurrency basics without getting technical. The two most common blockchain-based digital assets are Crypto Currency and Crypto Token. The biggest difference between the two is that cryptocurrencies have their own blockchains (e.g., Bitcoin, Ethereum, XRP), whereas crypto tokens are built on an existing blockchain (USDC, Uniswap). Really! As if I’m expected to understand what that means. The answer is No! For most practical purposes, people use them interchangeably. I’ll do the same in this article, so please don’t spam me as I don’t want to confuse the average reader (hopefully you). When I started off, I thought Bitcoin was the only cryptocurrency. Till I started hearings all sorts of different names (Uniswap, Polkadot, Kusama). The journey for crypto started with Bitcoin in 2009—the first and largest cryptocurrency. Since then, thousands of cryptocurrencies have launched, flourished, and…

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How to Finance Your Child’s College Education? Hear It From These Amazing Single Moms

A child finally graduating from college is as much an achievement for parents as it is for the graduate. It’s the culmination of a parent’s years of hard work and sacrifice. So they deserve to share the spotlight and celebrate with pride and joy, especially when they’ve single-handedly paid for their children’s education.  These two moms certainly know a lot about this particular struggle because they’ve gone through it themselves and emerged successful. If you want tips on how to finance your child’s college education, moms Livia and Euge have a lot of good advice and noteworthy education success stories to share.  Table of ContentsHow to Finance Your Child’s College Education: Success Stories of Two Single MomsEuge Alarcon-Montero, Devoted OFW Mom Livia Constantino, Hardworking and Hustlin’ Single MomFinal Thoughts How to Finance Your Child’s College Education: Success Stories of Two Single Moms Euge Alarcon-Montero, Devoted OFW Mom  Being a mother is a tough job. What more being thousands of miles away just to provide for your child?  For the last 16 years, Euge Alarcon-Montero has endured being away from her only son Neal Alarcon, working as a respiratory therapist in Riyadh, Saudi Arabia. But it wasn’t a decision that she came to easily. Just the thought of being separated from Neal filled her heart with so much pain and anxiety. She was plagued with endless questions, like who would take care of him, and would he still grow up a good man, even if she’s far away?  Euge was only 24 then, with very few options. But she knew she wanted…

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Save Early for Your Child with These Best Savings Accounts for Kids

About 30.0% of the Philippine population in 2021 is 14 years old and younger.[1] This means almost one-third of the country’s population is dependent on adults and is yet to experience important milestones in their lives. That makes parents an essential aspect in guiding children as they go through a lot of life events—finishing school, getting a job, and building a family. One of the most important roles of parents is teaching their kids about money. Instilling in children the concepts of saving, earning, and investing is important in developing life skills they can use through adulthood. Opening a bank account for kids is a good idea to train them on handling and managing their money, like when they receive Christmas cash gifts from their ninongs and ninangs. It’s also a great way to boost their savings, which they can use for tuition or other expenses as they grow older. Table of ContentsWhat You Need to Know When Opening a Savings Account for KidsParents Need to Open the Account with Their KidsYou May Choose Between a Joint Account or a Custodial AccountBanking Rules Also Apply to Kiddie Savings AccountsWhat to Consider When Choosing a Bank Account for Kids1. Initial Deposit and Maintaining Balance2. Fees, Features, and Interest Rates3. Benefits4. Online Accessibility5. Branch and ATM LocationsWhat are the Best Bank Accounts for Kids?China Bank Savings Easi-Save for KidsEquicom Kiddie Builders Savings AccountBPI Jumpstart SavingsMetrobank Fun Savers ClubSecurity Bank Junior One AccountPSBank Kiddie and Teen Savers AccountRCBC GoSavers AccountMaybank Yippie Savings AccountHow to Open a Bank Account for KidsStep 1: Prepare the…

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