All Articles With Category : Personal Finance

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

8 Golden Rules for Starting a Small Business in the Philippines

Still struggling on how to start a small business in the Philippines? To do so, you need to be driven, patient, hardworking, and knowledgeable. But it takes more than that to succeed as an entrepreneur. There’s no definite formula for success. However, there are rules that beginning entrepreneurs live by. Here are the eight golden rules on how to start a small business in the Philippines. Table of ContentsHow to Start a Small Business in the Philippines1. Create a New Market or Benchmark2. Validate Your Small Business Idea3. Plan Your Business Finances4. Pick the Right People5. Choose the Best Name for Your Small Business6. Apply for Licenses and Permits7. Take Advantage of Social Media and Free Website Builders8. Be ResilientFinal Thoughts How to Start a Small Business in the Philippines 1. Create a New Market or Benchmark Be innovative! You have two choices on what business you want to venture in. First, offer something that is not yet in the market. How can you make your business stand out? Think creatively and identify an innovative product or service that can satisfy the needs or provide a solution for your target customers. Second, benchmark successful businesses. Observe what they’re doing right and create something greater. You can also apply at PhilGEPS wherein you can have government agencies as clients. This allows your business to grow by expanding your network. 2. Validate Your Small Business Idea You may have something in mind that you believe will be a big hit. But does your business idea really have the potential to succeed? Conduct…

Read the Article

Seller’s Quick Guide to Dropshipping in the Philippines

Gone are the days when starting a business means finding a location where you can set up shop or scout for multiple staff members who will man your store. Doing business in this age is possible even if you’re alone and doing it within the confines of your home. All you need are these: an online shop, a strong Internet connection, and a trusty supplier. However, one thing that puts off budding online businesspeople is the product inventory. Ultimately, you will still need to source products from a supplier and find ample space where you can keep them. You can actually solve such inventory problems when you’re dropshipping. This concept of business has been around for a long time, which proves its profitability. If you want to dip your toes into business, then dropshipping in the Philippines might be ideal for you. Read on to learn the pros and cons and how to become a dropshipper in the Philippines. Table of ContentsWhat is Dropshipping Business?How Does Dropshipping in the Philippines Work?Advantages of DropshippingDisadvantages of DropshippingHow to Start a Dropshipping Business in the PhilippinesDropshippers in the Philippines:Where Can I Get My Products?AlibabaAliExpressLazadaOberloDropshipping Philippines TutorialFinal Thoughts What is Dropshipping Business? Usually, online businesses always have products on hand to sell. But that is not the case when it comes to dropshipping. Dropshipping is an order fulfillment method meaning you work as the intermediary between your customer and your supplier of products. How Does Dropshipping in the Philippines Work? First, you set up your online shop and post your products there. Your customers…

Read the Article

Big Deliveries? Complete Guide to Transportify Services and Rates in the Philippines

With the likes of LBC, GrabExpress, and Lalamove dominating the courier services market in the Philippines, there’s another promising yet underrated online delivery platform you might not have heard of—the Transportify app. Transportify differentiates itself from other logistics companies by offering a broad selection of vehicles built for heavy-duty deliveries at affordable rates. Whether you’re a small business owner who needs to deliver products to customers or someone moving to a new home or buying furniture and appliances, there’s a suitable vehicle you can book through the Transportify app. Here’s everything you need to know about Transportify app features, services, and rates in the Philippines. Table of ContentsWhat is Transportify?Transportify App Features1. Real-Time Transportify Tracking2. Flexible Booking Schedules3. Multiple Drop-Offs and Route Optimization4. 24/7 Live Customer Service5. Chat with DriverTransportify Delivery Services in the PhilippinesEconomyL300 or VanClosed VanPickup TruckReefer TruckMini Dump Truck6-Wheeler Forward TruckLong Pickup Truck10-Wheeler Wing VanExtra Transportify Delivery ServicesTransportify COD and POD Return ServicesHow Transportify App WorksHow to Register for a Transportify AccountHow to Book a Transportify ServiceTransportify RatesTransportify Shipping RatesTransportify Rates for Extra ServicesTransportify Extra Wait Time FeesTransportify COD and POD Service FeesFAQs About Transportify1. Does Transportify deliver on Sundays and holidays?2. Where does Transportify deliver?3. Which is better: Lalamove or Transportify?4. Can Transportify deliver pets?Final Thoughts What is Transportify? Transportify[1] is an app-based trucking logistics company that provides on-demand, same-day, and door-to-door pick-up and delivery services in Metro Manila and Luzon. Launched in the Philippines in 2016, Transportify also operates in Thailand and Indonesia under Deliveree Group. Transportify App Features Through the Transportify web app or mobile app,…

Read the Article

Money Market Fund: Is It the Right Investment for You?

Are you looking for a short-term investment with higher returns compared to a regular savings account? Money market funds is a good option. It’s perfect for investors who have low to moderate risk tolerance and prefer to keep the liquidity of their funds. In this article, we will talk about what a money market fund is, how it works, and what its pros and cons are. We’ll also quickly run through a list of money market funds that you can check out so you can get investing soon! Table of ContentsWhat is a money market fund?What are some money market fund examples? Is a money market fund the same as a money market account?Are money market funds cash equivalents?Basic Features of Money Market Funds in the PhilippinesWho can invest in money market funds?How do you subscribe to a money market fund?List of Money Market Funds in the PhilippinesSun Life Prosperity Money Market FundLand Bank Money Market Fund China Bank Money Market FundRizal Peso Money Market Fund BPI Invest Money Market FundBDO Peso Money Market Fund Metro Money Market FundPNB Prime Peso Money Market FundSB Money Market FundCTBC Money Market FundWhat are the advantages of money market funds?What are the disadvantages of money market funds?Are money market funds safe in a recession? Final Thoughts What is a money market fund? The money market is a segment of the financial market where high-liquidity financial instruments with short term (6-12 months) maturities are traded. A money market fund, on the other hand, is a type of mutual fund that invests in low-risk and…

Read the Article

7 Smart Investments for Your 13th Month Pay

It’s that wonderful time of the year again, and it’s because most employees will receive their 13th month pay and Christmas bonuses in the next few weeks. Better not waste it on luxuries when you can spend it on more important things like real estate properties and small businesses. Want to know where to invest your 13th month pay? Explore these investment options. Table of ContentsWhere to Invest Your 13th Month PayFinancial InvestmentsBusiness CapitalReal Estate InvestmentInsurance PolicySavings and Emergency FundTravel and LeisureFamily MattersFinal Thoughts Where to Invest Your 13th Month Pay Financial Investments Did you know that you don’t necessarily need to work everyday to become richer than you are now? Financial investments like stocks and mutual funds are great sources of passive income, provided that you fund them on a regular basis. With your holiday earnings, you’ll have lots of choices on where to invest your 13th month pay. Mutual Funds and UITFs – You can start slow with opening either both or one of these investments, especially if you’re new to the game. You can start for as low as PHP 1,000 and expect minimal risks. Stock Investments – If you want a more complicated type of investment, try your luck on stocks. It’s a high-risk, high-reward type of investment so make sure you know how the stock market works. Pag-IBIG/SSS Investments – You can also choose to invest your money on government-regulated funds to ensure your money’s growth. You can start for as low as PHP 500. Read More: Investments for Beginners: How to Find the Right Investment for…

Read the Article

PERA Investment Guide to Opening an Account Plus Pros and Cons

The problem with retirement planning in the Philippines—aside from the lack of it—is the limited investment choices available for Filipinos who want to save up for when they retire. Addressing that challenge, the government offers the Personal Equity and Retirement Account or PERA as an additional source of retirement income to help Filipinos achieve a comfortable and financially secure retirement. Will a PERA investment suit your retirement goals? Here’s a guide to help you decide whether it’s worth investing in PERA or not, and the steps to opening a PERA account in the Philippines. Table of ContentsWhat is PERA Investment?Who Can Create a PERA Account?How Much Can I Invest in PERA?Where are PERA Contributions Invested?PERA contributions may be invested in the following:How Much Can I Earn from a PERA Investment?When Can I Withdraw My PERA Investments?Why Should I Open a PERA Retirement Fund?1. Higher Investment Returns Through Tax Benefits2. Ability to Choose PERA Investment ProductsWhat are the Disadvantages of a PERA Investment?1. Investment Risks2. Penalties for Early Withdrawals3. Administrator Fee and Other Service FeesHow to Invest in PERA PhilippinesSteps to Opening a PERA AccountPERA Investment Account RequirementsDigital PERAHow to Invest in PERA OnlineFinal Thoughts What is PERA Investment? PERA is a long-term and tax-free voluntary retirement investment program in the Philippines. Created through Republic Act 9505[1], PERA is similar to the Individual Retirement Account (IRA) and 401(k) retirement plans in the United States. The PERA law is meant to encourage Filipinos to save money for retirement through generous tax benefits for investment earnings held for five years or longer and until the…

Read the Article

Complete Guide to Lalamove Delivery Services and Rates in the Philippines

Decades ago, people looking for delivery or moving services had to browse through telephone directories (if you know what they looked like) or ask around for recommendations from family and friends. For regular folks and small businesses with little resources, finding a logistics provider was that inconvenient. But modern technology has changed all that. With your smartphone, you can easily and quickly book a vehicle to bring something from your place to another. One of the delivery companies that offer Filipinos that kind of convenience is Lalamove Philippines. If you’re interested in using the Lalamove app for your personal or business deliveries, then read this Lalamove guide. Table of ContentsWhat is Lalamove?Lalamove Delivery Services in the Philippines1. Lalamove Courier Service2. Lalamove Purchase Service3. Lalamove Logistics Services for Businesses4. Lalamove Food Delivery Service Additional Lalamove Services and App Features1. Multi-Stop Deliveries2. Queuing Service3. Driver Carries and Additional Assistant Services4. Lalamove In-App Chat5. Lalamove COD Service6. Lalamove WalletHow Does Lalamove Work?How to Use Lalamove App for Booking a DeliveryHow to Use Lalamove App for Booking a Pabili RequestLalamove Rates 2020Lalamove Delivery RatesLalamove Rates for Additional ServicesLalamove Extra Fees and ChargesLalamove Philippines FAQs1. Is Lalamove 24/7?2. Does Lalamove deliver outside Metro Manila?3. Which is cheaper: Lalamove or Grab?4. Which is cheaper: Lalamove or Mr. Speedy?5. Who pays for Lalamove delivery?6. Can Lalamove deliver pets?Final Thoughts What is Lalamove? Lalamove is an on-demand and scheduled delivery app that connects individuals and businesses to its partner drivers for same-day and door-to-door courier services. This online delivery company[1] operates in several countries across the United States,…

Read the Article

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

As an employer, do you observe the holiday pay rules as 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 rules in the Philippines. Table of ContentsWhat is Holiday Pay?Who is entitled to holiday pay?Holiday Pay Computation in the Philippines1. Regular Holiday Computation2. Special Holiday 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 dependent on…

Read the Article

Hazard Pay Guidelines Government and Private Employees Need to Know

Some jobs are naturally riskier than others. Doctors, nurses, firefighters, policemen, soldiers, and others in hazardous work environments put their life on the line while fulfilling their duties. If your line of work involves some risk, you deserve proper compensation through hazard pay. Don’t understand how hazard pay in the Philippines work? Here’s a complete guide for employees entitled to this benefit. Table of ContentsWhat is Hazard Pay in the Philippines?Who is Entitled to Hazard Pay?Government EmployeesPublic Health WorkersPublic Social WorkersMilitary and Uniformed PersonnelScience and Technology PersonnelHazard Pay Philippines GuidelinesCOVID-19 Hazard Pay Guidelines for Government EmployeesHazard Pay Guidelines for Public Health WorkersHazard Pay Guidelines for Public Social WorkersHazard Pay Guidelines for Military and Uniformed PersonnelHazard Pay Guidelines for Science and Technology PersonnelHazard Pay Philippines FAQs1. Is hazard pay mandatory in the Philippines?2. Is hazard pay required for private employees in the Philippines?2. Is hazard pay taxable in the Philippines?Final Thoughts What is Hazard Pay in the Philippines? Hazard pay, also called hazard allowance or hazardous duty pay, is compensation paid in addition to regular salary to workers who perform hazardous duties or whose work involves physical hardships. This is based on the Department of Budget and Management’s (DBM) definition of hazard pay[1]. In simpler terms, hazard pay is the amount you’ll receive from your employer on top of your basic salary if the nature of your work involves a high risk of getting an illness or injury or losing a life. Examples of work conditions that merit a hazard allowance include war zones, healthcare facilities, construction sites, mines, and chemical…

Read the Article

Debt Consolidation: Knowing Its Importance and How It Can Help Your Finances

Debts are a fact of life. Many people, from multimillionaires to corporate employees, have it. Financially healthy people even have debts, especially if they’ve bought big-ticket purchases, such as a real estate property or a car. As a financially responsible individual, you know too well that handling your debts properly will reward you with a good credit score. However, some people find it hard to cope with debts mainly because their salary and repaying power are not proportional to the credit that they have borrowed and used. Some may be attending to other important financial obligations. Nevertheless, there is one possible solution that may make repayments much easier and more efficient. Enter debt consolidation. Table of ContentsWhat is debt consolidation? When is debt consolidation a good idea?1. When you need to deal with high interest rates2. When you want to organize your debtsWhen is debt consolidation a not-so-good move?1. It will not free you from debts2. You still have to pay feesDoes debt consolidation hurt your credit score?Who offers debt consolidation loans in the Philippines?BDO Personal LoanCiti Personal LoanFinal Thoughts What is debt consolidation? Debt consolidation[1] is a method of simplifying your debts, which is done by bringing multiple debts together and turning them into one payment. This can be carried out in two ways. The first is through debt consolidation loan. The second is through the transfer of existing credit card debt to another credit card. Think of it this way: imagine putting Debt #1, Debt #2, and Debt #3 in one box. That single box will then turn…

Read the Article

Investments for Beginners: How to Find the Right Investment for You

Many of us Filipinos believe that there’s only one way to make money—by working for it. Either you’re paid to provide a service or you earn from running your own business. However, there’s a second but less popular way to make money—making it work for you. This entails investing your money so that it earns more money. When you invest, your money earns interest over time, or you buy an asset and sell it later for a higher price when its value has increased. According to the Bangko Sentral ng Pilipinas (BSP) 2019 financial inclusion survey [1] only 25% of Filipinos have some sort of investment. The number increased by 2.5% as compared to 22.5% in 2017. Although it’s true that money doesn’t grow on trees, it can definitely grow if you invest wisely. Start with knowing the basics of investments for beginners through the information in this guide. Table of ContentsWhat is the Meaning of Investment?Types of Investments in the Philippines1. Ownership Investments2. Lending Investments3. Cash EquivalentsBest Investments for Beginners in the Philippines1. Pag-IBIG MP2 / SSS PESO Fund2. Stocks3. Bonds4. Mutual Funds5. VUL Insurance6. UITFsHow Much Money Do I Need to Start Investing in Philippines?How Much of My Income Should Go to Investments?Investments 101: 5 Tips for PH Investing1. Save up for Emergencies2. Set Your Investment Goals3. Invest Regularly4. Educate Yourself ContinuouslyFinal Thoughts What is the Meaning of Investment? Many people use the term “investment” rather loosely for a number of things, despite not completely understanding investments for beginners. A newly bought BMW can be labeled as an investment….

Read the Article

Got 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 the GCash card ideal for students, fresh graduates, freelancers, unemployed people, and others who find it hard to get approved for a credit card. Want to get your own card from GCash? Here’s everything you need to know about buying, activating, and using a GCash Mastercard. Table of ContentsWhat is GCash Mastercard?GCash Mastercard FeaturesGCash 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 Apply for a GCash Mastercard via GCash AppHow to Order GCash Mastercard OnlineWhere 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 2 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?Final Thoughts What is GCash Mastercard? The GCash Mastercard is a physical reloadable prepaid card that is used together with the GCash app to pay for online and in-store purchases as well as withdraw cash from ATMs. It allows GCash customers to enjoy the benefits…

Read the Article

13th Month Pay in the Philippines: Computation and Common Questions Answered

Aside from Jose Mari Chan’s inescapable soothing voice, there’s another artist we Filipinos usually associate with the holiday season: the exhilarating vocal prowess of Aegis. Specifically, when they emphatically ask all employers in the Philippines to give everyone their Christmas bonuses or 13th month pay. Indeed, you should expect a lot of cash flow going straight to your bank account, courtesy of your 13th month. Have you received yours yet? It’s time to learn more about this year-end benefit, how to compute it, and all other related concerns. See them below. Table of ContentsWhat is 13th month pay in the Philippines?How to compute 13th month pay?Is 13th month pay taxable?When will I receive my 13th month pay?Why should I receive a 13th month pay?What’s the difference between a 13th month pay and a bonus?Are managers entitled to a 13th month pay?If I resigned/was terminated from my company, am I still entitled?When is the 13th month pay given to resigned/terminated employees?Are government employees entitled to this pay?Are maternity leaves included in the computation?Final Thoughts What is 13th month pay in the Philippines? 13th month pay is an additional compensation given to employees in the Philippines typically at the end of a year. It is a mandatory benefit provided to employees pursuant to Presidential Decree No. 851[1]. All rank-and-file employees who have worked for at least one month in a company are entitled to a 13th month, regardless of the nature of their employment and irrespective how they receive their wages. How to compute 13th month pay? To compute your 13th month pay, multiply…

Read the Article

Cheap International Shipping Companies for Pinoy Online Shoppers

Are you always on the look out for affordable shipping to and from the Philippines? No need to blow your budget on international shipping fees. You just need to find service providers that ship goods from the abroad at affordable rates. Keep on reading to learn more about international shipping companies you can use to forward your orders to and from the Philippines. Table of ContentsHow do I ship internationally to and from the Philippines?What are package forwarding companies?List of International Shipping Companies in the Philippines1. Ship 7 2. My Shopping Box3. Planet Express4. Shipping Cart5. MyUS6. Johnny Air Plus7. comGateway (Standard International Shipping)8. POBox.ph9. Kango Express10. UnboxMe11. BuyandshipComparing the Best International Shipping CompaniesFastest international shippingCourier with the cheapest rateInternational forwarder with the most coverageFinal Thoughts How do I ship internationally to and from the Philippines? Contrary to popular belief, shipping to and from the Philippines isn’t that difficult. You just have to do your research first, determine the costs, and find the best courier for your needs. To ship documents, items, and other products from the Philippines to other countries, most people use LBC, DHL, EMS, or FedEx. These are some of the most popular international shipping companies in the country that allow customers to send items to their loved ones abroad. The shipping fee depends on the weight of the package, its classification, and the delivery address. Because of the popularity of online shopping, international forwarders seem to also pop left and right. Gone are the days when you still have to ask your relatives abroad to buy you…

Read the Article

How Smartphones Influenced Our Financial Habits

Smartphones not only changed the way we communicate, they also changed how we manage our finances. From doing your banking transactions to planning your budget, the smartphone impact on today’s financing is something that’s hard to ignore. In a society where having our little pocket computers has become a necessity, all of us are slowly adapting to the new way of financing. As a way of looking back on our progress, here’s how the smartphone impact on banking changed our financial habits. Table of ContentsOnline Banking Became More ConvenientOpening a Bank Account is a Lot EasierApplying for a Loan is Now QuickerBudgeting Became Less StressfulPaying Bills and Other Payments is a BreezeCustomer Service Steps It Up a NotchFinal Thoughts Online Banking Became More Convenient Remember when you had to fall in line at your local bank just to deposit to your savings? It seems like an old school thing to do. That’s why the financial inclusion development plans that began in 2011[1] focused on improving online banking. But back then, not everyone had desktop computers to do their banking and not everyone had access to a stable internet connection. Nowadays, you can just take out your smartphone, download your bank’s mobile app, and transfer money from your payroll to your savings. You didn’t even have to stand up. That’s the power of mobile banking apps. Every top bank in the Philippines now has a dedicated online banking app, making it more convenient than ever to bank. Read more: How the COVID-19 Pandemic is Changing the Way We Bank Opening a…

Read the Article

Holidays in the Philippines and Long Weekends Guide

Any employee is looking forward to two things—paydays and holidays. Well, who doesn’t? Holidays in the Philippines allow people to spend some quality time with their loved ones, and that much-needed me-time before getting back to the daily grind. Start planning your vacations by keeping tab of Philippines holidays in 2021, as well as the remaining holidays and long weekends in 2020. To give you a glimpse, there will be 19 holidays and seven long weekends next year. Exciting, right? Here’s a quick guide to PH holidays and long weekends that can help you plan your vacations wisely. Table of ContentsList of Official Holidays in the Philippines 2021List of Regular Holidays in the Philippines 2021List of Special Non-Working Holidays in the Philippines 2021Additional Special Non-Working HolidaysLong Weekends in 2021When to Schedule Your Vacation Leaves for 2021Cheat Sheet to Schedule Your Leaves for 2021Vacation Planning Ideas for Long WeekendsNew Year WeekendChinese New Year WeekendAll Saint’s Day WeekendChristmas WeekendEnd of the Year WeekendRemaining Philippine Holidays and Long Weekends in 2020Regular Philippine Holidays in 2020Special Non-Working Holidays in 2020Additional Special Non-Working Holidays:Long Weekends in 2020Final Thoughts List of Official Holidays in the Philippines 2021 There are 247 working days[1] and 19 holidays in the Philippines in 2021. According to research done by Gulf Business, the Philippines is one of the countries with the most public holidays in the world[2]. India tops the list followed by Columbia and the Philippines. Holidays in the Philippines are also grouped into two—regular and special non-working holidays. Regular holidays typically have a fixed date, like New Year’s Day,…

Read the Article

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 only launched in the Philippines in 2019. 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 up-and-coming 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 how to use J&T Express for package delivery in the Philippines. Table of ContentsWhat is J&T Express?How J&T Express WorksJ&T Express Delivery FeaturesJ&T Express Delivery ProcessHow to Send Packages Through J&T Express BranchesHow to Book J&T Express Pickup ServiceJ&T Express Rates 2020J&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 TrackingFAQs on J&T Express1. 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 have COD?Final Thoughts What…

Read the Article

Inheriting Property? Learn About Estate Tax in the Philippines First

Taxes are everywhere and seemingly unescapable. From the milk tea you love to the heirloom your grandma left, you need to pay tax. Even when you’re gone, you may leave your loved ones to settle on assets you have left behind. With this, what happens when a loved one imparts property to you? And what is the role of estate tax when inheriting such assets? Keep on reading to know about estate tax in the Philippines, how much it costs, and how you can reduce the amount your loved ones may have to pay. Table of ContentsWhat is Estate Tax in the Philippines?Estate Tax vs Inheritance TaxHow Much is Estate Tax in the Philippines?General Requirements for Estate Tax ReturnHow to File for Estate Tax ReturnEstate Tax AmnestyWhen is the Deadline for Estate Tax Amnesty?How Can I Avoid Estate Tax in the Philippines?1. Sell your assets2. Turnover to your heirs3. Get insuranceFinal Thoughts What is Estate Tax in the Philippines? When a loved one dies, his or her assets are given to lawful heirs or beneficiaries. However, this process requires paying for tax called estate tax. Estate is everything that comprises a person’s net worth by the time of death. This includes properties, personal possessions, financial securities, and other assets that the person had control over before passing away. Estate tax in the Philippines refers to the tax on the right of the deceased person to transfer their assets to lawful heirs or beneficiaries. According to the Bureau of Internal Revenue or BIR, estate tax is not property tax but is…

Read the Article

VUL Insurance in the Philippines: What Is it and Should I Get One?

An insurance agent, who happens to be your friend or relative, is selling VUL insurance to you. But you aren’t sure if getting this type of insurance is a wise investment decision. Should you invest in a VUL policy? And what is VUL insurance in the Philippines, anyway? A VUL insurance policy comes with pros and cons that you need to consider before putting your money in it. Understand what VUL is, its benefits, and risks to know if this is the right insurance with investment in the Philippines. Here’s an objective guide to help you decide whether to purchase a VUL plan or explore other options. Table of ContentsWhat is VUL and How Does it Work?Who Provides VUL Insurance in the Philippines?Is VUL Worth It?Advantages of VUL Insurance in the PhilippinesDisadvantages of VUL Insurance in the PhilippinesIs VUL Insurance a Good Investment?Who Should Get a VUL Policy?Alternatives to VUL InsuranceFinal Thoughts What is VUL and How Does it Work? Variable Universal Life Insurance. also known as Variable Unit-Linked Insurance or VUL, is a permanent life insurance and investment rolled into one product. It provides living, death, and disability benefits plus an investment component. In the Philippines, the usual practice is that 5% of the VUL insurance premium goes to the cost of insurance, while 95% goes to investments. It’s crucial to highlight the meaning of the terms “variable” and “permanent” in VUL: Variable means the investment returns vary depending on the rise and fall of the markets where the premium is invested. As a permanent insurance policy, VUL won’t expire and you’re…

Read the Article

PNB Online Banking Guide to Balance Check, Sending Money, Paying Bills and More

Online banking is the new norm for financial transactions in the Philippines during the pandemic (and most likely even when it’s over). PNB is no exception—like other banks in the Philippines, it actively promotes its PNB online banking channels, officially called PNB Digital Banking. If you have a PNB account, you’ll be glad to know that both PNB Internet Banking and PNB Mobile Banking App are among the easiest to use for different types of transactions. You can conveniently monitor your account balances, send money, pay bills, open and manage UITF investments, and order checkbooks. No need to go to a PNB branch because you can transact from home using your laptop or smartphone instead. Here’s a simple guide to completing transactions using PNB online banking platforms. Table of ContentsPNB Online Banking RegistrationWho Can Enroll in PNB Digital Banking?How to Enroll in PNB Online BankingPNB Online Banking ActivationPNB Online Banking Enrollment of Additional AccountsHow to Enroll Your PNB Credit Card in PNB Digital BankingHow to Enroll Your PNB Deposit Account in PNB Online BankingHow to Check Balance in PNB Online Banking AccountHow to Activate Quick Balance in the PNB Mobile AppPNB Online Fund TransferHow to Transfer Funds Between PNB AccountsHow to Transfer Funds to Other Local BanksPNB Online Bills PaymentHow Pay Bills with PNB Online BankingFinal Thoughts PNB Online Banking Registration Who Can Enroll in PNB Digital Banking? You can register to PNB Digital Banking if you have any of the following PNB accounts: ATM/Debit/Passbook savings account Checking account SSS/GSIS pensioner account Joint/OR account Credit card account PNB clients with…

Read the Article