All Articles With Category : Personal Finance

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

Should You Save or Should You Invest?

Save save save! It’s all about savings! We are always told to save our money when we are young. Even when we get old we are still repeatedly reminded that one never gets too old to save. Live till old age, and save till old age! When it comes to savings, time deposits and regular […]

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PNB UITF Online Facility

The Philippine National Bank (PNB) has launched the country’s first comprehensive unit investment trust fund (UITF) online facility that allows its clients to invest and redeem funds at ease through the Web. What Are the Benefits of PNB UITF Online Facility? Once your PNB UITF Online enrollment is processed by PNB, you will be able […]

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How to Open a BPI Jumpstart Savings Account?

After you have gone through the articles discussing the benefits and facilities provided by the BPI Jumpstart Savings accounts, I believe that you are deeply intrigued and fascinated by the awesome kiddie savings accounts and would like to get one for your children. read more: How to Apply For The BPI ePrepaid Card?

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A Kiddie Savings Account: The BPI Jumpstart ATM cards (Part 2)

Being anxious over the details of your accounts and any issues related to money transactions especially the annual fees and other hidden fees is normal and sometimes, it’s very helpful. However, the overdose of anxiety is detrimental to our health as well as our financial management. Read more: BPI Direct Save-Up: Insurance & Other Perks What […]

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An Introduction to BPI Jumpstart Kiddie Account (Part 1)

You may think that it’s too late to get your child a kiddie savings account when he or she starts celebrating his or her first double-digits birthday. Perhaps, you also think that once your children get to 12 years old, they are no longer qualified to open a kiddie savings account. Read More: How to Open […]

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UITF (Part 5): The Fees, Charges and Tax of UITF

We have all heard the saying, there’s no such thing as a free lunch. Let’s have a look at the type of fees that an UITF investor may have to face. The Trust Fees of UITF One of the enticing benefits offered by Unit Investment Trust Fund (UITF) products is the professional fund management. The […]

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UITF (Part 4): The Risks of UITF

As we have mentioned before, Unit Investment Trust Fund (UITF) products are subject to the marked-to-market valuation method, thus the Net Asset Value Per Unit (NAVPU) varies depending on the values of the assets within the UITF products. Since UITF is not deposit accounts, it is not covered by the Philippine Deposit Insurance Corporation (PDIC). […]

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UITF (Part 3): The Disadvantages of UITF

Previously, we have discussed the advantages as well as the benefits of UITF products that an investor can avail of. However, nothing is perfect, and undeniably, there are several disadvantages of the UITF investment that we must be aware of. Read More: 6 Things to Consider Before You Make an Investment Every Extremity Is a Fault: […]

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UITF (Part 2): Why Should We Invest In UITF?

Understandably, before we make any investment decision, we would like to gain a better insight about the pros and cons of the investment schemes. If you wish to have a better understanding of the Unit Investment Trust Fund (UITF), then have a look this second part in the series. Professional Management Lacking of expertise, unfamiliar […]

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UITF (Part 1): How to Make Money from UITF?

When looking for a simple and easy investment scheme, one can get bewildered when reading financial jargon like NAVPU, risk tolerance, equity fund and the like. This can be quite difficult being a newbie investor. So, let us reveal the veil of UITF together UITF is the acronym for Unit Investment Trust Fund, an open-ended […]

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Savings and Checking Accounts: What You Need to Know

  When it comes to savings, a bank account is often the first thing that comes to mind. But are we really clear about the types of bank accounts? Since both accounts can serve the purpose of depositing and storing money, are there any differences between them? Read More: 13 Savings Tips Filipinos Always (ALWAYS) Forget […]

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BPI Direct Save-Up: Insurance & Other Perks

Did you know that there is a free life insurance that comes together with a BPI Direct Save-up Automatic Savings? Read more: BPI Direct Save-Up Automatic Savings No ATM Card This is because you can’t withdraw your funds from your BPI Direct Save-Up accounts at any ATM machine or over the counter, too. You can get […]

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BPI Launches Auto-Debit Facility for PEZA Locators

  According to Ms. Bess J. Basa, Vice President of the Bank of the Philippines Islands (BPI) and Head of the Transaction Banking Division, BPI is the first bank to offer the Auto-Debit Arrangement (ADA) for PEZA locators. What is PEZA? The Philippine Economic Zone Authority (PEZA) is the government agency entrusted with responsibilities to […]

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BPI Direct Save-Up Automatic Savings

As life is full of uncertainties, most of us believe that it’s a good idea to save money for rainy days. On the other hand, apart from serving the purpose as emergency funds, we can as well use our savings for vacations, luxuries, educational plans or even a wedding. You Don’t Need to Be Rich […]

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New BPI Express Mobile App

BPI, a prominent leader in electronic banking innovations in the Philippines, has launched its first mobile banking app for iPhone and Android in 2011. The implementation of Express Mobile App offers an alternative which is simple, time-saving and convenient for BPI clients to handle their daily financial transactions by simply scrolling on the touch screen […]

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How to Open a Kid's Savings Account?

A journey of a thousand miles starts with the first step. The first step is ultimately important to steer your kids toward a bright and sound financial future. This could be done by opening a kid’s savings account for them. What are the criteria that you shouldn’t overlook so that you can ensure the safety […]

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The UCPB Kiddie Max Savings Account

Money doesn’t fall from the sky, it doesn’t grow from trees, nor will it accumulate by just sitting in a piggy bank. If you want to educate your kid on the concept of money and how it works in real-life, you might want to consider putting money in a real bank. The Real Piggy Bank […]

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The BDO Easy Investment Plan (EIP)

A continuous saving habit is a stepping stone for us to attain our financial goals. However, saving is not the only option when it comes to making our money grow: investment is also something you could go for. While it’s riskier than saving money, investing could bring great rewards. Have a look at what BDO has […]

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