All Articles With Category : Personal Finance

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

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

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

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16 Savings Accounts with No Maintaining Balance

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

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34 Food Franchise Businesses You Can Start Under P1 Million

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

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Financial Tips for Couples: How to Balance Love and Money

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

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25 Small Business Ideas You Can Start With Low Capital

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

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

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

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Filipino Financial Bloggers You Should Follow in 2021

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

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UnionBank Online Banking: How to Bank Using Your Smartphone

When the pandemic forced everyone to stay indoors, digital banking became the new normal. In fact, it has become so normal that the Banko Sentral ng Pilipinas (BSP) is projecting that the Philippines will become a coinless society by 2025[1]. Good thing apps like UnionBank Online Banking already exists. As one of the few digitalized banks in the Philippines, UnionBank crafted an app that aims to be an all-around solution for everyone’s online banking needs. So to help you get started, here’s an extensive guide on how to do your banking using only your smartphone. Table of ContentsUnionBank Online Banking FeaturesUnionBank Online RegistrationHow to Enroll in UnionBank Online BankingWhat Account Types Can I Enroll OnlineUnionBank Online ApplicationHow to Open a UnionBank Savings AccountHow to Use the UnionBank Online Banking AppHow to Deposit Checks Using the UnionBank AppHow to Send Money from UnionBank to UnionBankHow to Send Money from UnionBank to Other BanksHow to Pay Your BillsHow to Manage Your UnionBank Credit CardHow to Lock Your UnionBank Credit CardHow to Access Online Shopping FeaturesFinal Thoughts UnionBank Online Banking Features Because UnionBank invested heavily on digitalization, they have one of the most intuitive banking apps out there. You can do almost all banking transactions using their mobile app, from opening an account to managing your credit card transactions. Open a bank account. Only a few banking apps in the Philippines let you open an account completely online, and the UnionBank Online Banking app is one of them. Send and receive money. Just like any other online banking apps and digital wallets, the…

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7 Financial Goals to Aspire to Before You Turn 30

So how does being young feel like? You’re probably fresh out of college or maybe you’re in the middle of your 20s. But at the same time, being in your 20s is also the perfect opportunity to make financial goals because let’s face it, you’re not getting any younger. Have you got any financial goals by 30? Start planning your future with these goals in mind. Table of Contents7 Ideal and Realistic Financial Goals By 30Maintain a Monthly BudgetBuild an Emergency FundStart a Small InvestmentStart a Small BusinessOwn Your First VehicleSave Up For Your HomeAfford Insurance For YourselfFinal Thoughts 7 Ideal and Realistic Financial Goals By 30 Maintain a Monthly Budget What you can and can’t do in life will be determined by how much your budget for anything is. That’s why as early as now, you should familiarize yourself with budgeting your expenses. Start small if you have to, as long as you get the basics[1]. Remember what the anime SlamDunk taught us? Rebound controls the game. Likewise, budgeting controls the game of life. Add this to your financial goals by 30 as well as other healthy money habits. Build an Emergency Fund It’s one thing to save up for the future, it’s another to save up for the near future. For the uninitiated, an emergency fund is reserved for unforeseen situations like a medical bill, job loss, or house repair. The rule of thumb for an ideal emergency fund should amount to 3-6 months worth of your salary. But in reality, you can just set aside whatever amount…

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Want to Learn How to Use PayPal? Here’s a Quick Guide for You

In this technologically advanced era, it’s hard to imagine life without a PayPal account. Signing up on PayPal is your rite of passage to adulthood—it allows you to perform financial transactions over the internet, like shopping online, sending money, and receiving payments. While PayPal helps make online transactions a lot easier, faster, and safer, it can seem complicated and overwhelming for first-time users. This is why we’ve come up with this comprehensive guide on how to use PayPal in the Philippines. Table of ContentsHow to Create a PayPal Account1. Choose Your PayPal Account TypeHow to Create a Personal PayPal AccountHow to Create a Business PayPal AccountPayPal Requirements for Sending and Receiving MoneyHow to Deposit Money to Your PayPal Philippines AccountCan I add money to PayPal without a bank account in the Philippines?How to Link PayPal to Bank Account, Debit Card, or Credit CardPayPal to Credit CardPayPal to Bank Account or Debit CardHow to Send Money Using PayPal PhilippinesHow to Pay Someone Using PayPalHow to Pay Online Purchases via PayPalHow to Transfer Money Using PayPal PhilippinesPayPal to BPI or any Bank AccountPayPal to GCashPayPal to Coins.phPayPal to PayMayaHow Long Does It Take to Receive PayPal Money?What are the PayPal Fees?Final Thoughts How to Create a PayPal Account It’s free to sign up on PayPal. No registration fee is involved. All you need to make a PayPal account in the Philippines are your computer or smartphone and an internet connection. Below are the steps to help you begin. 1. Choose Your PayPal Account Type PayPal offers two types of account with features…

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Got Bills to Pay? Here’s Your Guide to Bills Payment Centers in the Philippines

Hate rushing between different banks or offices to pay your bills? Or maybe you loathe dealing with overdue bills and disconnection notices? Good thing bills payment centers are accessible to Filipinos who need to settle their utility, government, and credit card bills all at the same time. These one-stop bills payment facilities are located in malls, supermarkets, convenience stores, and commercial buildings in cities, and even in remote towns. Not only can you do your shopping and perform other errands, but you can also save a separate trip just to pay off bills. Additionally, bills payment centers also provide other financial services such as money remittance, money exchange, e-loading, and airline ticketing. So instead of making a trip to your nearest Meralco bayad center or Converge payment center, for example, you can just go to a bills payment center. Certainly paying bills online is the faster option, but there are still a lot of people who prefer to pay bills in cash or check over-the-counter. So if you’re one of these people, these are some bills payment centers that you can go to before your next due date. Table of ContentsBayad Center Bills Payment ServiceBayad Center Operating HoursBayad Center Payment ModesPayments Accepted at Bayad CenterHow to Pay Bills at Bayad CenterBayad Center Service ChargeCebuana Lhuillier Bills Payment ServiceCebuana Lhuillier Operating HoursPayments Accepted at Cebuana LhuillierHow to Pay Bills at Cebuana LhuillierECPay Bills Payment Centers at 7-Eleven and Other OutletsPayments Accepted at ECPay Partner OutletsHow to Pay Bills at ECPay OutletsSM Bills Payment CentersSM Bills Payment Center Operating HoursPayment Modes AcceptedPayments…

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What is a Credit Score and Why Should I Improve It?

Do you know what your credit score is? You may not realize it, but this number can make or break your finances. Let’s say you’re applying for a loan to start a business. You’re confident that you’d be approved because you met all the qualifications and submitted all the requirements. Your income documents also prove that you can repay the loan. Much to your surprise, the bank denied your application. What could be wrong, you wonder. Banks consider a variety of factors to decide whether to lend money to someone or not. Apart from the financial information submitted via a loan or credit card application, banks also use a borrower’s credit report and credit score to gauge his or her ability to pay back a debt. “Banks lend other people’s money to borrowers. Therefore, they’re accountable. People should understand that banks cannot just lend to anyone without any basis,” said Credit Information Corporation Board Member Suzanne Felix in an ANC interview[1]. Keeping track of your credit score in the Philippines is crucial to managing your personal finances. It’s important to understand what it is, how it works, and why you need to check yours. Table of ContentsWhat is a Credit Score and How is It Computed?What is a Good Credit Score?What Factors Affect Your Credit Score?What Factors are Excluded from Your Credit Score?What’s the Difference Between a Credit Score, Credit Report, and Credit History?Credit Reporting and Scoring System in the Philippines: How Does It Work?Why is a Good Credit Score Important?Why You Should Improve Your Credit Score in the Philippines1….

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21 Cheapest Cars in the Philippines You Can Buy in 2021

What vehicle can you buy with PHP 1 million or less nowadays? With high car prices in the Philippines driving buyers crazy, you’d think that your options for the cheapest cars in the Philippines are now limited. However, you’ll be surprised by the numerous choices—including hatchbacks, sedans, multi-purpose vehicles (MPVs), sport utility vehicles (SUVs), and pick-up trucks—from various automakers. Looking for an affordable vehicle for driving to work or taking your family to road trips? Here are cheap cars available for sale in the Philippines for 2021 along with their prices. Table of ContentsCheapest Cars in the Philippines Under P700,000Toyota WigoSuzuki CelerioSuzuki DzireJAC S1JAC J4Cheapest Cars in the Philippines Under P1,000,000Suzuki APVKIA PicantoHonda BrioHyundai ReinaNissan AlmeraToyota ViosChevrolet SparkMitsubishi MirageMitsubishi Mirage G4Hyundai AccentChevrolet SailHonda CityToyota HiluxHonda JazzFord EcoSportGet a Free Car Insurance Quote!Final Thoughts Cheapest Cars in the Philippines Under P700,000 Toyota Wigo For young professionals looking to buy their first car, Toyota’s entry-level hatchback makes a great choice. Its built is ideal for city driving, helping you easily navigate through the traffic. While obviously smaller than a sedan, it can accommodate up to five passengers, making it the perfect ride for quick getaways with family or friends outside the city. Toyota Wigo Prices: 1.0E MT: PHP 568,000 1.0G MT: PHP 623,000 1.0G AT: PHP 658,000 1.0 TRD S AT: PHP 700,000 Key Specs of the Toyota Wigo: Body type: Hatchback Seating capacity: Five Transmission type: Manual or Automatic Engine: In-line 3-cylinder, 12-valve DOHC with VVT-I, 998 cc (1.0L) Performance: 65hp at 6,000rpm and 89Nm at 4,400rpm Fuel type: Gasoline Also…

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ATM Fees in the Philippines All Cardholders Need to Know

Every day, millions of Filipinos use an ATM to access their savings and checking accounts. With a debit card, or ATM card as most people call it, account holders can withdraw money, check their account balance, and even transfer money to other bank users. All of these activities can be done in a few clicks, making electronic banking more convenient to the public. But in case you did not know it yet, your bank charges you different service fees. Some of these bank fees and charges include ATM fees. ATM fees in the Philippines are comparative and vary from bank to bank. Charges also differ for every transaction. For example, a balance inquiry fee is typically cheaper than a withdrawal charge because balance inquiries are deemed simpler compared to withdrawals. Table of ContentsWhat is an ATM?Electronic Banking in the PhilippinesBancnetMegalinkExpressnetATM Fees in the PhilippinesATM Balance Inquiry FeesATM Withdrawal Fees (When Using a Different ATM)Intrabank Transfer Fees (Same Bank)Interbank Transfer Fees (Different Banks)Below Maintaining Balance ChargesDormancy FeesATM Withdrawal Limit in the PhilippinesFAQsWhat is the 05si service charge?What is the minimum withdrawal amount in ATMs in the Philippines?Final Thoughts What is an ATM? An Automated Teller Machine or ATM is an electronic banking outlet that offers quick self-service options to cardholders. Electronic banking allows customers to complete transactions without going to the bank. ATMs are convenient as you don’t have to wait in line at the bank to withdraw funds or know how much money you still have in your account. Today, there are over 3.5 million ATMs in use across the…

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Quick Guide on How to Load Your PayMaya Account

Find out where and how to load PayMaya in this nifty guide. Since it’s a very popular mobile wallet, you can benefit from its many features and offers of convenience. Even before the COVID-19 pandemic, PayMaya has been a hassle-free option when it comes to paying bills, shopping online, withdrawing and transferring funds, booking flights, and many more. Moreover, there’s even a physical PayMaya card that you can use to pay for in-person purchases. In case your PayMaya balance is running low, we have listed down the easiest ways to add money to your wallet. So read on to find out how to top up your PayMaya wallets using different channels. Table of ContentsWhere to Find a PayMaya Loading StationConvenience stores:Pay&Go self-service kiosks at:Top up at the following department stores:Add money to your PayMaya account at these remittance centers:Load up online via InstaPay:Cash in via PesoNet:Reload at other PayMaya Partners:How to Load PayMaya via 7-ElevenHere’s how you can load via 7-11 through SMS: How to Load PayMaya Using Cliqq AppPayMaya Cash In Through BanksUsing BDOUsing MetrobankUsing LandBankHow to Cash In PayMaya Using SMART MoneyHow to Load via Smart PadalaHow to Send Money to PayMaya Using GCashHow to Send Money to PayMaya Using Globe LoadExtra: How to Load RFID Using PayMaya Final Thoughts Where to Find a PayMaya Loading Station Convenience stores: 7-Eleven Ministop Alfamart Pay&Go self-service kiosks at: Mercury Drug Super 8 Lawson  Landers  Touchpay eTap Zoompay  Top up at the following department stores: Robinsons Department Store The SM Store Gaisano Add money to your PayMaya account at these remittance…

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GCash 101: A Handy Guide for New GCash App Users

Turn your smartphone into a virtual wallet—that’s what using the GCash app is all about. A mobile payment innovation in the Philippines, GCash has revolutionized the way people make financial transactions. With just a few taps on a smartphone, Globe and TM subscribers can quickly send and receive money, pay bills, and make other transactions anytime and anywhere. All GCash services are free, except for cash out and card application and withdrawal. For non-tech savvy beginners, learning how to use GCash can be quite challenging and even frustrating. Let this comprehensive guide help you familiarize yourself with this app. Table of ContentsHow to Make an AccountDownload the GCash AppRegistration Steps via the GCash AppRegistration Steps via the GCash websiteRegistration Steps via the *143# MenuRegistration Steps via MessengerHow to VerifySteps to Account VerificationHow to Load Your GCash WalletHow to Link Your Bank AccountHow to Cash-In via Mastercard or VisaHow to Cash-In via Partner BanksHow to Cash-In via RemittanceHow to Cash-In via PayPalHow to Cash-In via 7-Eleven and other Authorized OutletsHow to Get a GCash CardApplication via GCashApplication via OnlineApplication via OutletsHow to Withdraw MoneyCash-Out via GCash MastercardCash-Out via GCash AppCash-Out via GCash OutletHow to Send Money to GCashHow to Pay Bills with GCashHow to Use GCash QR for ShoppingHow to Shop via GCash QRHow to Buy Load via GCashFees to Take Note ofBills PaymentCash-in via Online BankingOver-the-Counter Cash-inCash-in via RemittanceFrequently Asked QuestionsHow do I convert my Globe Points to GCash?Final Thoughts How to Make an Account Before you can start using the mobile service, you need to register for an account…

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10 Best Investments for Magastos Millennials

Adulting is tough, more so for young adults who spend beyond their means. Easier to be magastos than matipid, right? Are you a 20- or 30-something who’s struggling with finances? A recent study[1] noted that Filipino millennials aren’t saving and investing enough, even if they’re aware of their future needs. You may have heard it from baby boomers already, but it’s worth emphasizing this financial advice: don’t just save—invest your money! If you’re not sure what to invest in your twenties or thirties in the Philippines, here are 10 investments for millennials. Table of ContentsBest Investments for Millennials 20211. Investing in Yourself2. Small Business3. Pag-IBIG or SSS Investment Program4. Variable Universal Life Insurance (VUL)5. Bonds6. Mutual Funds7. Unit Investment Trust Fund (UITF)8. P2P Lending9. Website Flipping10. Retirement FundFinal Thoughts Best Investments for Millennials 2021 1. Investing in Yourself Your own skills and knowledge are your greatest assets besides money. So it makes sense to begin your investing journey from within. Learn new skills or pursue higher education related to your field to prepare yourself for career growth. Surviving the cutthroat competition in the corporate world is difficult as it is—growing professionally will give you a competitive advantage. With career growth, better income opportunities will open up for you. It’s one of the best investments for millennials because you learn something new and meet people who can help you with your goals, too. If you need some ideas on where to invest 10k pesos in the Philippines right now, start with yourself first through the following: Take a graduate degree if…

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Ipon Challenges to Help You Hit Your Financial Goals This 2021

Saving money is as easy as spending it—said no one ever. This is probably why Filipinos are trying different fun and creative ways to save, or even coming up with their own ipon challenges. When you take on a money saving challenge, you’ll hit two birds with one stone. First, you achieve your financial goal for the year—be it saving up for a trip abroad, destination wedding, down payment for a home or car purchase, or capital for starting a small business. Second, you develop financial discipline and the habit of saving. Seems like a tall order, huh? But guess what: if everybody else can do it, so can you! Looking to challenge yourself to consistently save a certain amount this year? Take a look at these ipon challenges and pick the one that suits you best. Table of Contents7 Ipon Challenges to Start in 202152-Week Money ChallengeTwice-a-Month Money Challenge12-Month Saving Challenge365-Day Money Challenge50-Peso Ipon ChallengeLoose Change Saving ChallengeFinal Thoughts 7 Ipon Challenges to Start in 2021 52-Week Money Challenge How much you can save in a year: PHP 1,378 to PHP 137,800 The 52-week money challenge involves saving in increments weekly, starting from the first week of the year up to the last. This ipon challenge is popular among Filipinos for a good reason. The amount to save increases as the weeks go by, motivating you to meet your saving target by the end of the year. It’s also flexible—you can start small (for as low as one peso) or big depending on how much you can afford to save…

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Start the Year Right with These Financial New Year’s Resolutions

To say that we can’t wait to bid this year goodbye is an understatement. It will definitely be remembered as the year that pushed everyone’s finances to the limit. But hey ― a new year is coming. Which means it’s time to look at our financial wins and losses and make that much-needed New Year’s resolution list. Check out these New Year’s resolution examples we’ve listed below. Hopefully they will give you ideas on how to make resolutions of your own. Or you can just pick the best resolution that will help turn your financial situation around or achieve your money goals. Table of Contents1. Assess your current financial situation2. Set realistic financial goals3. Stick to a budget4. Save every payday5. Learn more about money6. Set up a financial safety buffer7. Pay off your debts8. Fix a bad credit score9. Have more frequent no-spend days10. Delete shopping apps ASAP11. Pay in cash12. Use your points to get discounts or free items13. Sell unused or unwanted items14. Reflect on the financial mistakes you made last yearFinal Thoughts 1. Assess your current financial situation What do you own, and how much do you owe? Where’s your income coming from, and what are you spending them on? Is one income stream enough to cover all your expenses, or do you need to create several more to make ends meet? Once you work out the numbers, you will know what changes you need to make or bad money habits you need to let go of to improve your financial situation. 2. Set realistic financial…

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How to Invest in Real Estate: A Quick Guide

Because shelter is a basic human need and properties are tangible assets, real estate is generally considered safer than other investments like bonds and stocks, even for beginners. Stocks, in particular, are prone to price fluctuations due to changes in market conditions, while real estate tends to grow in value over time. However, as with anything, it takes practice and knowledge to reap the rewards of a real estate investment. Here’s what first-time real estate investors should know about how to invest in real estate in the Philippines. Table of ContentsWhat is Real Estate Investment?Where Can I Invest?Types of Real Estate Investments1. Buy and Sell2. Buy and Hold3. Rental Properties4. Real Estate Investment TrustsHow to Make Money in Real EstateIncreasing Property ValueRegular Income PaymentsIs Investing in Real Estate in the Philippines a Good Idea?Real Estate Investment AdvantagesReal Estate Investment DisadvantagesHow to Invest in Real Estate in the Philippines1. Determine If You’re Financially Ready2. Study the Philippine Housing Market3. Decide How Much You’ll Want to Invest4. Pick and Buy Your First InvestmentFinal Thoughts What is Real Estate Investment? Real estate investment is the ownership of properties such as land, houses, buildings, and other things above and below the land for generating income, as opposed to buying just for residence or occupancy purposes. Where Can I Invest? Running a real estate business involves buying and selling or leasing properties to build wealth and diversify an investment portfolio. Property investors in the Philippines can earn money from any of these three types of real estate: Residential properties – House and lots, townhouses, condominiums,…

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