All Articles With Category : Personal Finance

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

Top Remittance Centers and Money Transfer Services in the Philippines

Your favorite money transfer company may be providing great service, but it doesn’t hurt to look for better options out there. Looking for remittance centers or money transfer services? Here’s a comprehensive guide you can refer to for when you need to know more about remittance centers and money transfer services in the Philippines–from top service providers to picking the best one according to your needs. Table of ContentsWhat are Remittance Centers?What is a Money Transfer Service?Top Remittance Centers and Money Transfer Services in the Philippines1. Cebuana Lhuillier Pera Padala2. GCash Remit3. LBC Instant Peso Padala4. M Lhuillier Kwarta Padala5. MoneyGram6. Palawan Express Pera Padala7. Payoneer8. PayPal9. RD Pawnshop Cash Padala10. Smart Padala11. TransferWise12. TrueMoney Money Padala13. Western Union Sulit Padala and Overseas Money Transfer14. WorldRemit15. Xoom16. Xpress MoneyWhat is the Best Way to Send Money to the Philippines?How Much Money Can I Send to the Philippines?How to Choose the Best Remittance Center or Money Transfer Service1. Consider the Speed of Money Transfer2. Choose a Provider  That Makes Money Transfer Convenient3. Choose a Provider with Good Customer Service4. Do Business Only with a Reputable Service Provider5. Compare Fees of Various ProvidersFinal Thoughts What are Remittance Centers? Remittance centers are financial service providers that allow people to send or receive money to anyone within the country or abroad. With multiple physical locations, these companies offer a traditional way to transfer money for Filipinos without a bank account, PayPal account, and/or internet connection. Almost 20,000 money remittance centers operate all over the Philippines, including far-flung barangays where banks and ATMs are scarce. Aside from their accessibility, these money service businesses…

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Starting a Family? Consider These 10 Family Insurance Types

You might be wondering if you really have to get different types of insurance when you already have so many expenses to deal with. Well, it’s a matter of protecting your loved ones and financially protecting yourself. Is family insurance just an added expense or a must-have for securing your family’s future? Insurance makes it affordable for you to prepare for any unforeseen events such as death, disability, illnesses, and accidents. If you get the right insurance type for your family, premium payments will cost you less now than upfront and out-of-pocket payments later. Ultimately, when the unexpected happens, insurance will lessen the financial burden to your family. Table of ContentsWhat is Family Insurance?How Much Does Family Insurance Cost?Types of Insurance for Families in the PhilippinesFamily Life InsuranceFamily Health InsuranceCritical Illness InsuranceFamily Personal Accident InsuranceEducation InsuranceCar InsuranceHome InsuranceOptional Family Insurance Types to ConsiderMortgage Redemption InsuranceFamily Dental InsuranceTravel InsuranceHow to Choose the Right Family Insurance1. Identify your level of need2. Determine premium costs3. Manage your risks4. Compare policies5. Beware of too-good-to-be-true plans6. Read the fine print7. Ask awayFinal Thoughts What is Family Insurance? Family insurance covers the entire family for a set amount of premium. It could be a life, health, or education insurance. For example, if you get a family life insurance, your family members are covered in the event of your death. The insurance provider pays a lump sum to the surviving family of the insured person after a certain period.  This kind of insurance policy provides a financial security blanket to surviving dependents or beneficiaries after the policyholder’s…

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Homeowner’s Detailed Guide to Mortgage Redemption Insurance

Owning a home is one of many Filipinos greatest dreams. It’s a worthwhile investment not only for you but also for your family. However, not everyone can buy a home in full, especially now that house prices in the Philippines continue to increase[1]. As a result, many take on housing loans to purchase their dream home. It’s the most recommended, if not the best, financing option for buying a new house or renovating a property. But what happens when the borrower dies and the mortgage is still unpaid? This is where Mortgage Redemption Insurance (MRI) comes in. Having this kind of insurance ensures that your outstanding mortgage debt is paid in the unfortunate event of death or total disability. Learn more about Mortgage Redemption Insurance in housing loans below. Table of ContentsWhat is Mortgage Redemption Insurance?What is MRI in Housing Loans?MRI Versus Other Life Insurance ProductsMRI Versus Other Home Insurance ProductsHow Much is MRI in the Philippines?How Do I Apply for MRI?Where to Get Mortgage Redemption InsuranceFinal Thoughts What is Mortgage Redemption Insurance? Mortgage Redemption Insurance is a life insurance policy that helps repay your mortgage balance in the event of your death before the housing loan’s full repayment. MRI is designed to protect your home from foreclosure as it will take out your outstanding debt if you die. Just like any other insurance policy, MRI covers a set amount and duration. It dictates how much of your mortgage can be covered and for how long. The higher your premium is, the better your coverage will be. However, keep in…

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InstaPay Philippines: What Is It and How Can I Use It?

Using a smartphone to transfer money is now faster and more convenient thanks to mobile wallets and banking apps. However, most of these apps don’t allow senders to transfer money to accounts maintained in another application or financial institution. Enter InstaPay Philippines, an electronic fund transfer (EFT) service by the Bangko Sentral ng Pilipinas or BSP. Launched in 2018, InstaPay allows users to transfer money to another bank or non-bank institution that carries the facility. Keep on reading to know more about InstaPay Philippines and how you can use it to send money. Table of ContentsWhat is InstaPay?Benefits of Using InstaPay PhilippinesInstaPay Participating Banks and Non-Bank E-Money IssuersInstaPay Sender and ReceiverReceiver OnlyHow Do I Use InstaPay?Sending Money via InstaPayReceiving Money via InstaPayWhat is the transfer limit?Are there fees for using InstaPay?InstaPay Philippines FAQsIs transferring money via InstaPay real time?Can I transfer money to an overseas bank account using InstaPay?Can I transfer money to a non-participating financial institution?I got a transaction error while using InstaPay. What should I do?Final Thoughts What is InstaPay? InstaPay is an EFT service that allows clients to transfer money instantly between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. It is governed by the Philippine Payment Management Inc. under the supervision of BSP. You can use InstaPay if you have an e-money account (with or without ATM or debit card) with one of the service’s participating institutions. Individuals, businesses, and government agencies can send and/or receive fund transfers with this facility. InstaPay aims to bring a safe and reliable retail payment system…

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Security Bank Online Guide for Hassle-Free Banking at Home

Before the COVID-19 pandemic, over-the-counter transactions at Security Bank are smooth and efficient, as branches are less crowded compared to other commercial banks in the Philippines. You might be used to that setup, but the pandemic has changed the way we bank. It’s now safer to complete transactions like paying bills and transferring money online than in-person at a bank branch. If you’re a Security Bank client, you’ll be glad to know that Security Bank Online (SBOL) and the Mobile App not only help you avoid physical contact (which raises the risk of getting the coronavirus) but also make your financial transactions a lot more convenient. Here’s your guide to using Security Bank Online banking services. Table of ContentsSecurity Bank Online RegistrationWhat Account Types Can I Enroll Online?How to Create a Security Bank Online AccountHow to Activate Security Bank Online AccountSecurity Bank Online Balance InquiryWhat Types of Account Balance Can I Check Online?How to Check Balance in Security Bank OnlineHow to Transfer Money via Security Bank OnlineWhat is the Transfer Limit in Security Bank Online?How Much is the Money Transfer Fee in Security Bank Online?How to Transfer Money to Other Banks via Security Bank OnlineHow to Transfer Money to Other Banks via Security Bank Mobile AppHow to Transfer Money Using eGiveCashSecurity Bank Online Bills PaymentHow to Pay Bills via Security Bank OnlineHow to Pay Bills via Security Bank Mobile AppHow to Check Your Bill Payment StatusI Forgot My Security Bank User ID/Password? What Should I Do?How to Recover Security Bank Online AccountHow to Unlock Security Bank Online AccountFinal Thoughts Security…

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Unit Investment Trust Fund: What Is UITF and How Do I Invest?

More Filipinos are trying their luck in investment, according to a study conducted by Sun Life Asset Management Co. Inc. [1]. As compared to businesses like renting out a property that demands a larger capital, investments like a unit investment trust fund allows you to earn passive income even with small capital. Interested to know more about UITF? Learn all about it in this article and how it can jump start your investment journey. Table of ContentsWhat is Unit Investment Trust Fund?Different Types of UITFs in the PhilippinesMoney Market FundsBondsBalanced FundsStocks or EquitiesHow do I earn from UITF?Pros and Cons of Investing in UITFIs UITF the right investment for me?How to Invest in UITFFees and Charges InvolvedWhat is NAVPU?Formula to get NAVPUHow to compute UITF earnings?Final Thoughts What is Unit Investment Trust Fund? UITF is a pool of investments funded by various investors. You can think of it as a basket with different fruits — one basket may contain mangoes, the other with pineapples, and a third basket contains a combination of two fruits. In the case of a trust fund, various holdings, instead of fruits, make up the investment. As with a fruit basket wherein you can decide which fruits to buy, professional fund managers handle and manage the holdings of UITFs. Since these professionals actively manage the fund, once you have set them up, you can sit back, relax, and make your money work for you. Different Types of UITFs in the Philippines There are four kinds of UITFs in the Philippines. Familiarize yourself with them below. Money Market Funds…

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ShopeePay 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 they deliver it to you. 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 convenient way to pay for your Shopee purchases. Find out more about how to use the mobile wallet in this guide. Table of ContentsWhat is ShopeePay?What Can I Do with It?ShopeePay vs. Shopee WalletShopeePay Transaction LimitsHow to Activate ShopeePayHow to Verify Your ShopeePay AccountHow to Top Up Your ShopeePaye-Wallet OptionsOnline Banking OptionsPayment Center OptionsOver-the-Counter (OTC) OptionsHow to Pay Using ShopeePayHow to Transfer Money with ShopeePayHow 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 their initial attempt at entering the mobile wallet market, only with more useful features for shoppers and sellers alike. What Can I Do with It? If you’re an avid Shopee shopper, ShopeePay is definitely a must-have. Here are just some of the things you can do with your newly-minted mobile wallet. Convenient shopping. As a way to encourage contactless payments, the mobile wallet aims to provide a more seamless shopping experience to online shoppers. Online security features. You can set up a passcode to lock your wallet or use your fingerprint to access and verify your purchases….

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From Payment to Eviction: Tenant’s Guide to Rental Laws in the Philippines

I can’t pay my rent because I’ve lost my job. Can I be evicted? Rental law questions in the Philippines during the COVID-19 crisis are usually about eviction. As more families have lost their income due to the lockdown, the fear of losing one’s home becomes real. Small businesses are also struggling with their rental payments after being closed throughout the enhanced community quarantine (ECQ). Disagreements between landlords and tenants have been common even before the pandemic broke out—the current crisis has made them worse. If you’re in such a situation, it helps to know that rental laws in the Philippines exist to protect your rights as a tenant. Table of ContentsRental Law Philippines: What You Need to KnowRent Control Act in the PhilippinesCivil Code of the PhilippinesWhat are the Rights of a Tenant in the Philippines?1. Limit on Rent Increases2. No Charging of Excessive Deposit and Advance Rent3. No Eviction Without Legal GroundWhen Can a Tenant be Evicted in the Philippines?When is Eviction Illegal?1. Sale or mortgage of the property2. If you’re a COVID-19 patient or frontliner3. Failure to pay rent and other reasons during the quarantine period and grace periodWhat Should I Do If My Tenant Rights are Violated?Final Thoughts Rental Law Philippines: What You Need to Know Two laws regulate residential and commercial leases in the Philippines: the Rent Control Act and the Civil Code. Here are the key differences between the two rental laws in the Philippines. Rent Control Act in the Philippines Republic Act 9653[1], better known as the Rent Control Act of 2009, is the…

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Mental Illness in the Philippines: Cost of Therapy and Medication

Mental health is a growing concern in the Philippines. According to the Department of Health (DOH), at least 19 million Filipinos experience psychiatric problems[1], with schizophrenia as the top mental issue. Suicide caused by mental illnesses is a pressing issue as well–at least three men and two women commit suicide for ever 100,000 Filipinos. Apart from the stigma surrounding mental health, the cost of therapy is also quite steep, with one therapy session costing up to PHP 4,500 in Metro Manila. “We need to start talking about depression to end the stigma surrounding mental health because, when left unattended, it can lead to suicide,” the DOH said in a statement[2] released late last year. Mental health affects everyone: rich and poor, celebrities and laypeople, children and adults alike. In this article, we listed down resources and institutions where you can get help for you or your loved ones suffering from mental illness. Table of ContentsBreaking the Stigma of Mental HealthTreatment Facilities for Mental IllnessGetting Professional Help: How Much is Therapy in the Philippines?How Much Does it Cost to See a Psychiatrist?PhilHealth and Insurance Coverage for Mental IllnessMental Health Facilities with Free Therapy and ConsultationsDOH Mental Crisis Hotline:Online Therapy and Mental Health Consultations1. 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, Philippines (MHPSS) 5. National Alliance on Mental Health (NAMI) 6. Philippine…

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Complete Guide to Lazada Wallet for Online Shoppers

When you talk about online shopping, Lazada almost immediately comes to mind. Since launching in 2012, the popular online shopping platform continued to introduce feature after feature in an attempt to encourage more customers. And their best one yet has to be the Lazada Wallet. Lazada introduced their own mobile wallet following the success of GCash and PayMaya. Years from now, we’ll probably get rid of cash altogether. But for now, let’s go through what you can do with your Lazada Wallet and how it can make online shopping a lot more convenient. Table of ContentsWhat is Lazada Wallet?Lazada Wallet BenefitsHow to Use Lazada WalletHow to Activate Lazada WalletHow to Apply for a Lazada Credit CardHow to Cash Into Your Lazada WalletHow to Cash-In via Credit/Debit CardHow to Cash-In via Online BankingHow to Cash-In via GCashHow to Pay with Lazada WalletHow to Buy Load with Lazada WalletHow to Pay Bills with Lazada WalletHow to Apply for a Lazada LoanFinal Thoughts What is Lazada Wallet? Lazada Wallet is the latest innovation from one of the country’s largest online selling platforms, Lazada. It functions like most mobile wallets, complete with useful features most online shoppers will find useful. All transactions are covered by Lazada’s Payment Protection[1]. Lazada Wallet Benefits If you’re an avid Lazada shopper, you’ll get a kick out of activating your this mobile wallet. Here are just some of the benefits of using your Lazada Wallet for your next online shopping spree. Seamless shopping. No need to scramble for change once the delivery arrives. Just order and pay for your…

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How Much Money Should I Save for a Child’s Education?

Have you started saving for your child’s future? If so, are you saving enough? To say that the cost of education in the Philippines is expensive is an understatement. Higher Education Institutions in the country increase their tuition and other fees by about 10% year-over-year[1]. However, financially preparing for your kid’s future is doable, if you do it early. Now, you might be asking: how much do I need to save to provide for my child’s education? The amount you need to build your child’s tuition fund depends on a lot of factors, including the cost of education, how long you’ll save, and everything in between. Table of ContentsTop Universities in the Philippines and Its Tuition1. Ateneo de Manila University2. De La Salle University3. University of the Philippines Diliman4. University of Santo Tomas5. University of San Carlos6. University of Asia and the Pacific7. Silliman University8. San Beda University9. Mapua University10. De La Salle College of Saint BenildeThe Different Factors Affecting the Cost of Education1. Your Target School and Course2. Your Target School’s Current Tuition3. Number of Years Until Your Child Starts CollegeHow to Calculate Tuition?5 Tips on Saving for Your Child’s Education1. Start Saving Early2. Find the Perfect Saving Strategy3. Invest Your Money4. Get an Educational Plan5. Take Out a LoanFinal Thoughts Top Universities in the Philippines and Its Tuition To help you better understand how much you need to save for your child’s education, here are the tuition and fees in some of the top universities in the Philippines: 1. Ateneo de Manila University Annual cost of tuition: PHP…

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9 Helpful Family Budgeting Tips in the New Normal

Budgeting for yourself is usually a piece of cake. When you know your exact wants and needs, sometimes you don’t even need a budget to end up fine until the next payday. Family budgeting, on the other hand, is entirely a different ball game—mainly because you have other people to worry about. It’s not just you who’s going to starve once you fail to make ends meet. It can be difficult because it forces you and everyone in your household to give your finances a hard look. What needs to go and what needs to stay? Let these tips help you out. Table of ContentsFamily Budgeting Tips in the New NormalList Down Every ExpenseCategorize Your ExpensesCompute Your Average IncomeAllocate Your Income AccordinglyMake the Situation Clear to EveryoneCut Back on Your ExpensesGet Creative with Your SavingTake Advantage of DiscountsConsider Getting a Credit CardIntroduce the Concept of SharingFinal Thoughts Family Budgeting Tips in the New Normal List Down Every Expense Before creating a household budget, you need to figure out your family’s monthly expenses first. If you feel that everyone in your family spends unnecessarily, you’ll need to sit down and talk it out. Talk about the bills that everyone has to contribute to, just to make sure that everyone’s on the same page about it. Next, put together the expenses you all spend on a monthly basis. This list should include the following: Monthly Utility Bills Rent or Amortization Online Subscriptions Average Grocery Spendings Credit Card Statements Insurance Premiums Medical Expenses Car or Home Loan Payments Average Fuel Consumption Miscellaneous Payments…

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Running List of COVID-19 Testing Centers in Metro Manila

Do you think you’re infected by the coronavirus? The only way to confirm is to take a COVID-19 test. Whether you have the symptoms or not, you don’t want to take any chances. Recently, the government sees a new trend in which COVID-19 transmissions come from family gatherings and workplaces[1]. Infected but asymptomatic people carry the virus and unknowingly spread the disease to their families or co-workers. Protect your loved ones (and get that peace of mind) by getting tested. We’ve listed some of the major COVID-19 testing centers where you can get a swab test or a rapid test. Read more: Swab Test and Rapid Test Price: COVID-19 Testing Guide Table of ContentsWhere to Get a COVID-19 Test in Metro ManilaAsian Hospital Drive-Thru Swab TestCardinal Santos Medical CenterChinese General Hospital Drive-Thru COVID TestMakati Medical CenterMediCard COVID TestPasig Doctors Medical Center Swab TestPhilippine Red CrossSt. Luke’s Medical Center Swab Test and Drive-ThruThe Medical City – OrtigasWorld Citi Medical Center Community-Based COVID-19 Testing CentersDrive-Thru and Walk-In Testing Sites in ManilaDrive-Thru Testing Sites in TaguigCOVID-19 Testing Centers in Quezon CityFinal Thoughts Where to Get a COVID-19 Test in Metro Manila A number of medical facilities in Metro Manila, where the majority of COVID-19 cases have been reported, have set up their own drive-thru and walk-in centers so that patients who want to get tested won’t have to enter the premises and risk getting infected. Here is a running list of COVID-19 testing centers in Metro Manila. Asian Hospital Drive-Thru Swab Test Service type: Drive-thru (for swab test only) and outpatient (for rapid test and…

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Want to Start a Loading Business? Here’s a Quick Guide for You

Thinking of starting a cellphone loading business as a sideline? It’s one of the cheapest small businesses to start in the Philippines, with a capital of less than PHP 2,000. Anyone—including housewives, students, kasambahays, sari-sari store owners, and office workers—can easily earn money as a prepaid load retailer. An e-loading business may not be very profitable, but it’s still a good opportunity to earn extra income on the side. With almost 130 million mobile prepaid subscribers in 2019, the Philippines has a huge market for e-loading services. And it will keep growing. Customers will keep coming to loading stations to buy prepaid load for calling, texting, or surfing the internet. Ready to become an e-load retailer? Learn how to be a load wallet dealer with these six easy steps. Table of ContentsHow to Start a Loading Business in the Philippines1. Decide Where and How You’ll Run Your Cellphone Loading Business2. Get a Cellphone for Your Loading Business3. Choose an E-Loading Method4. Apply as a Prepaid Load Retailer5. Learn How to Sell Prepaid Load6. Promote Your New BusinessHow Can I Start a Loading Business Using GCash?How Much Would I Earn as an e-Loading Business Dealer?Final Thoughts How to Start a Loading Business in the Philippines 1. Decide Where and How You’ll Run Your Cellphone Loading Business Where and how will you operate your e-loading business? Who will you sell load to? Determine these things first before you start a loading station business. The best thing about setting up a cellphone loading business is its flexibility. You can add it to your…

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Beginner’s Guide to Opening a UnionBank EON Account Online

More and more Filipinos are seeing the importance of having a bank account. In fact, the number of people with deposit accounts increased from 53.5 million in 2016 to 57.1 million in 2017[1]. It is no surprise especially now that opening a bank account can be done online. One of the few banks that offer this feature is EON from UnionBank. UnionBank EON provides an easy way to shop online, pay bills, and transfer funds. Keep on reading to know the types of accounts available and how you can apply for one. Table of ContentsWhat is EON account?Different Types of UnionBank EON AccountsEON account benefits and features:EON StarterEON LiteEon PlusEon ProEon CyberUnionBank EON RequirementsHow to Apply for a UnionBank EON AccountUnionBank EON Account (Starter, Lite, Plus, and Pro)UnionBank EON Cyber AccountHow to Claim Your UnionBank EON Cyber CardWhere to Buy UnionBank EON Visa CardsUnionBank EON Starter Kit RegistrationUnionBank EON Card Fees and ChargesFinal Thoughts What is EON account? EON is one of the first fully digital banks in the Philippines. This neo banking platform allows clients to apply and access their accounts through the official EON website, or through the official UnionBank EON app. You can also get EON Visa cards at select UnionBank branches nationwide. The digital platform aims to “deliver convenient and secure banking services to individuals and communities”. UnionBank EON recently partnered with the Imus City local government to provide monetary assistance to Imuseños during the pandemic[2]. Different Types of UnionBank EON Accounts UnionBank’s EON offers five types of bank accounts, all depending on various budgets and needs….

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Swab Test and Rapid Test Price: COVID-19 Testing Guide

How much does peace of mind cost nowadays? In the new normal, it will have you forking out thousands of pesos to find out whether you have COVID-19 or not. There’s a growing demand for COVID-19 testing in the Philippines. More and more Filipinos are taking the initiative—despite the steep swab test and rapid test price—just so they can sleep at night knowing they’re safe. If they’re found to be infected, at least they know they should self-isolate at home. Some patients undergo COVID-19 testing so they can return to work, while others need it so that they can go back to their families in the province. Whatever’s your reason for taking a test, the whole point of getting a COVID-19 test is to protect your loved ones and the people around you from the pandemic. Let’s take a look at two of the widely used COVID-19 testing methods in the Philippines—the rapid test and the swab test—and their prices, differences, and where you can get tested. Table of ContentsRapid Test Price RangeSwab Test Price RangeIs COVID-19 Testing Covered by PhilHealth?Can I Get a Free COVID-19 Test?Swab Test vs Rapid Test: What is the Difference?What is a Swab Test and How Does It Work?Meaning of  a Swab Test ResultSwab Test AccuracyWhat is a Rapid Test and How Does It Work?Meaning of a Rapid Test ResultRapid Test AccuracyWho is Required to Get a Swab Test?Who Can Get a Rapid Test?What are the Requirements for Rapid Test and Swab Test?Final Thoughts Rapid Test Price Range The cost of rapid antibody tests in…

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Financial Tips for Couples: How to Manage Finances With Your Other Half

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. There is no one-size-fits-all rule when it comes to money management for couples. However, you can start by openly communicating with your partner about your shared finances. Here are financial tips for couples to get you started: Table of ContentsEffective Financial Tips for CouplesCommunicate OpenlyUnderstand Each Other’s Money PersonalitySet Your Financial Goals TogetherFind a Money Management Strategy that WorksCreate a Budget PlanUse a Money Management App for CouplesDon’t Keep SecretsIdentify Needs Vs. WantsMaximize Your BenefitsDiscuss Job SecurityDecide If You’re Financially Ready to Have KidsEstablish an Emergency FundReview Your Finances RegularlyWork as a TeamFinal Thoughts Effective Financial Tips for Couples Communicate Openly Talking about money can be quite awkward. It’s not something that comes up in a free-flowing conversation. However, you and your partner should be comfortable enough to discuss your finances. Have a formal discussion about your finances and be prepared to put it all out there—your salary, debts, assets, and goals. Talk about your financial worries and spending habits. It may take time before talking about money becomes more natural to both of you, but it’s a necessary move that can help set you in the right direction. Read more: How to Budget as a Couple with Nico Bolzico 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…

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8 Mobile Wallets for a More Convenient Online Transaction

Remember when your wallet was the most important item in your arsenal of everyday items? It’s the portable pocket where you place money, notes, and even pictures of your loved ones. But since the invention of the digital wallet, you probably stopped caring about what your physical wallet looks like. Because of the global pandemic forcing everyone to stay at home, owning a mobile wallet has become the norm. Going cashless online is now the logical way of doing things, so it’s best if you check out your options. Here are some of the country’s prominent online wallets and their key features. Table of ContentsWhy Do You Need a Mobile Wallet?Mobile Wallets to Check Out in the PhilippinesGCashPayMayaCoins.phGrabPayMoneygment7-Eleven CLIQQ RewardsPayPalLazada WalletFinal Thoughts Why Do You Need a Mobile Wallet? “Will I still need a digital wallet after the pandemic?” you might ask. Pandemic or not, we were all heading to a cashless future anyway. If anything, the pandemic just helped speed up the process. If you need a refresher, here are the benefits of using the online payment apps for your transactions. It’s pretty convenient. That in itself is the main reason why you need one. Imagine not having to carry cash in order to buy goods, pay bills, or send money to your loved ones. Since everything’s online, it only makes sense for your mode of payment to be online, too. It encourages contactless payment. In a time when you’re supposed to keep a distance from others, owning a digital wallet has never been this timely. Now you don’t…

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Build Financial Freedom: How to Start an Emergency Fund

By now, you already know the importance of setting aside money for your savings. But what about an emergency fund? Aside from saving for the far future, it’s also advisable to save money for emergencies in the near future. You might end up with a medical emergency or you might end up losing your job. It’s always best to prepare your wallet for the worst. Admittedly, it’s going to leave yet another dent to your wallet, but you’ll be getting financial security in exchange. If you didn’t know about this type of savings fund, you’re not alone. More importantly, it’s not too late to build one. Get started with your own rainy day fund with these helpful tips. Table of ContentsWhat is an Emergency Fund?How Much Emergency Fund Do You Need?Why Do You Need an Emergency Fund?For when you or your loved ones get sickFor when you lose your jobFor when you need to repair somethingFor when you have an unforeseen expenseHow to Start an Emergency Fund in 5 WaysAdjust Your Monthly BudgetAim for a Lower Initial AmountCultivate a Culture of SavingDon’t Pressure YourselfAvoid Spending ItDo You Really Need An Emergency Fund?Final Thoughts What is an Emergency Fund? An emergency fund is a readily available source of cash for unforeseen expenses or situations. Separate from your savings and investments, it allows you to prepare financially for events like unemployment, medical emergencies, home, and car repair, etc. That’s why it’s also called a rainy day fund because you never know when it will rain—just like you never know when a financial…

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List of Pawnshops in the Philippines

Emergencies happen—and sometimes, they can soil your pockets. While banks and other financial institutions offer various loans that can help you fund an emergency expense, it can take days or even weeks before your application is processed. Pawnshops in the Philippines allow you to borrow money using your jewelry, gadgets, vehicles, or appliances as collateral. The application is straightforward—you may only need a valid ID and your collateral for a pawn loan. The process is also quick, and you can get your loan amount within hours. Pawning your personal belongings isn’t the best way to fund an emergency expense but they might be helpful when you are desperately in need. For your reference, here is a list of pawnshops in the Philippines and their monthly interest rates, payment terms, and other services they offer: Table of ContentsPawnshops in the Philippines1. Cebuana Lhuillier2. Palawan Pawnshop3. Villarica Pawnshop4. M Lhuillier5. Tambunting Pawnshop6. Raquel Pawnshop7. RD Pawnshop8. N-CA$H9. Jerome’s Pawnshop10. CVM Pawnshop11. Dalton Pawnshop and Jewelry12. PawnHero13. M. B. Aguirre Pawnshop14. Gemmary Pawnshop and Jewelry15. Agencia Zee16. Capital Pawnshop17. JARO Pawnshop18. Ros-Ver Pag-Asa Pawnshop19. PTS Gadget PawnshopFinal Thoughts Pawnshops in the Philippines 1. Cebuana Lhuillier Apart from pawning or sangla, Cebuana Lhullier offers remittance services and microinsurance to its customers. Website: www.cebuanalhuillier.com Location: Nationwide Services offered: Pawning Microinsurance Micro loans Remittance Basic requirements: Valid ID Collateral guarantee (gold, diamond, or platinum jewelry and watches, cellphones, or laptops) Loan term: Up to four months Interest rates and other charges: Advance interest charge of PHP 4 for every PHP 100 loan amount Service charge of…

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