All Articles With Category : Personal Finance

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

The Problems that You May Face in a PayPal Transaction

PayPal is one of the most popular payment gateways online. To avoid potential risks and errors that may happen during PayPal transactions, PayPal has implemented a comprehensive security system. Read on to find out what problem you may face in the PayPal transactions. Table of ContentsThe Sending LimitPreferred Payment MethodHow About Unclaimed and Denied Payments?Can I Cancel My Payment?PayPal Minimizes the Risks You may Face when Shopping Online The Sending Limit As an online shopper, you have to watch out for the sending limit. PayPal imposes a limit on the amount of money you can transfer out in each transaction. This is a measure to minimize your loss due to unauthorized transactions and online frauds. Your sending limit will be increased once your PayPal account is verified. If you wish to know your sending limit, you can view it on the “Account Overview” page. Preferred Payment Method Every time when you pay your purchases, you can choose among the great variety of payment methods. If you do not select the “Preferred Payment Method” option, your PayPal Account Balance will automatically be used to pay your purchases, as long as there is sufficient money in your account. You can choose your preferred payment method when making your payment. For instance, you can set a PayPal Credit product or your own credit card in the “Preferred Payment Method”. In the case where the users do not choose their preferred payment method, Paypal will fund their transaction using various financial products in the order of: PayPal Account Balance Instant Transfer from your bank account PayPal Credit…

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The Freelance Revolution with More Freelance Job Opportunities: The Official Launch of Elance in the Philippines

After the transition from an agricultural economy to an industrial economy, we are glad to witness another significant shift in today’s workforce. This shift is fuelled and accelerated by the rapid technology innovation, changing lifestyles and the growing Gen Y workforces. Nowadays, there are an increasing number of employees who leave the traditional workplaces and choose to piece together a professional life on their own.  Table of ContentsThe Freelance Revolution is Unstoppable!How Elance Sees the Online Freelance Platform in the Philippines?Getting to Know ElanceIt’s Time to Join the Freelance Revolution! The Freelance Revolution is Unstoppable! Starting an e-commerce business or working as a freelancer from home is becoming the order of the day.  With the lower start-up costs and technologies advances such as the iCloud and Paypal, it is easier to work independently or start an online retail business instead of running traditional brick-and-mortar businesses. In line with this, there is an increasing number of Filipinos using the Internet to find freelance work. How Elance Sees the Online Freelance Platform in the Philippines? In April 2013, an article in Yahoo!News[1] discusses how Elance expects a strong growth in the online freelance platform of the Philippines. The survey conducted by Elance, the world’s biggest online freelancing platform, shows that the Philippines now ranks fourth globally in the number of registered users and ninth in online freelancing earnings. In September 2012, Elance conducted a survey among 120 selected Filipino freelancers who had registered on Elance. The report was entitled “The State of Filipino Freelance Market”. This report revealed that the Filipino freelancers are specializing in administrative support,…

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The Pros and Cons of Buying a House

All of us have dreams, and most of us share the same dream: to own a house. The application process for a housing loan can be burdensome and time-consuming. Before you devote your time to getting the approval for your home loan, spend some time to read through the pros and cons of buying a house. What are the advantages of buying a house? This question may seem irrelevant to those who are going to apply for a housing loan. However, when you are on the verge of breaking down due to the suffocating financial obligations involved, these are the reasons you should keep reminding yourself to keep holding on. Your perseverance in pursuing or defending your dream home will definitely paid off someday. On the long-term, the cost of ownership is lesser than renting a house. You have full control over your property. The acquisition of a house is actually a capital gain. It is an increase in the value of a capital asset (investment or real estate) as the property has a higher worth than the original purchase price. However, the gain is not realized until the asset is sold. Your property taxes can be itemized for tax reductions. You will have a sense of security that comes from owning a home as your home is well-protected from the inflation. Lastly, you can design, remodel and decorate your own home without any restrictions. Imagine the sense of pride and achievement that bubbling in your heart when you see your beautiful artwork. All the hard work paid off. Do not…

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Why You Should Invest in Philam Life Money Tree

If you are investing in a long-term investment instrument such as the Philam Life Money Tree, you can avail of the great variety of benefits such as the professional fund management and the protection from a life insurance. Read on to discover more of the advantages offered by the Philam Life Money Tree! Read more: What funds I can invest in through The Philam Life Money Tree? Table of ContentsGrow Your Money in Philam Life Money Tree!Your Investment Is Managed by Professionals!The Philam Life Money Tree Is A Variable Unit Linked (VUL) InsuranceWhat are the Other Privileges I Can Avail with the Philam Life Money Tree? Grow Your Money in Philam Life Money Tree! If you think that savings is your sole form of investment, you are making a big mistake! This is an investment for the banks, not yours! Your money is losing their value in the banks each day due to inflation which always increase with time. On the other hand, when you are investing, you are actually making your hard-earned money works hard for you. According to an article in The Philippine Daily Inquirer, you can earn only 1.04% yearly interest from the bank deposits. Meanwhile, the inflation rate of the Philippine hit 2.80% in 2013. Just one glance at this figure and it is easy to tell that your interest is being eaten up by the inflation! You can avoid by shifting your hard-earned money to the long-term funds such as those offered by the Philam Life Money Tree. (If you wish to know more about the…

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Philam Life Money Tree: When Is the Right Time to Invest?

If you have made up your mind to start investing, you may be curious on when is the right time to invest in the Philam Life Money Tree. However, if you are still weighing between saving your hard-earned money in a deposit account and investing your money in the Money Tree, just read on to clear your confusion!

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Philam Life Money Tree: What Funds Can I Invest in?

It’s never too late to start investing and one will never get too old to invest. It doesn’t matter whether you are a defensive, conservative or aggressive investor, the Philam Life Money Tree can always adjust to your risk appetite by offering different types of funds within its portfolio. Read on to know more about it. Read More: Why You Should Invest in Philam Life Money Tree

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Philam Life Money Tree (Part 1): The Best VUL Products in the Philippines?

Many Filipinos still believe that they can earn a great fortune by keeping their money in savings accounts. In contrary, this is not the case due to inflation. In this article, we will be discussing one product that can help you achieve financial freedom. One of the products of Philippine American Life and General Insurance Company (Philam Life), the Philam Life Money Tree offers promising and attracting returns of as much as 9% to 21% annually. Read more: 5 Best Books on Money Management Table of ContentsThe Philippine American Life and General Insurance CompanyPhilam Life Money TreeWhy Should I Invest in the Philam Life Money Tree?What Are the Risks Involved? The Philippine American Life and General Insurance Company The Philippine American Life and General Insurance Company (Philam Life) is the leader in the Philippine market for over 60 years. At the same time, it is also the largest life insurance company in the Philippines. Philam Life offers a wide range of products that provide effective solutions to a great variety of financial needs such as life protection, health insurance, savings, education, retirement, investment, group, and credit life insurances. Philam Life Money Tree The Philam Life Money Tree is an insurance policy with investment features. In other words, while enjoying the life insurance protection, Money Tree policyholders can also earn from the investments in the equities and fixed income securities within the Money Tree’s portfolios. When your money is well secured within the portfolio of Money Tree, you are also be insured with the guaranteed life insurance benefit of at least 125%…

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Globe Super Surf For BlackBerry Max

SuperSurf for BlackBerry Max (BB MAX) is a special promotional plan offered by Globe. This unique promotional plan can only be availed of by Globe Prepaid and PostPaid subscribers with Blackberry devices. As an all-in unlimited offer, BB MAX provides unlimited Internet browsing, Instant Messaging, push email, social networking (through the Blackberry Apps), downloading and video streaming. This all-in-one promo has been around for quite a long time, and will soon end on August 31, 2013. Table of ContentsWhy Should I Choose the BB MAX?What Is the Difference Between the SuperSurf For BlackBerry and the SuperSurf For BlackBerry MAX?The Pricing Scheme of Globe Super Surf For The BB Max Why Should I Choose the BB MAX? With the BB MAX service, you can enjoy the full features of your BlackBerry devices such as: Internet surfing Push email BlackBerry Messenger Instant Message Video streaming There are neither any surprising additional charges nor annoying limitations on the amount of data usages. The amount you need to pay for this convenient data plan is fixed according to the types of BB MAX services you have registered. There are neither hidden fees nor restrictions on the websites you want to visit. Upon the expiration of BB MAX, you will be charged P5 for every 15 minute on your web browsing session (varies according to your chosen default scheme). What Is the Difference Between the SuperSurf For BlackBerry and the SuperSurf For BlackBerry MAX? If you are a new Globe subscriber, you may be confused at the discrepancies between the SuperSurf for BlackBerry and SuperSurf for BlackBerry…

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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. Table of ContentsWhat Are the Benefits of PNB UITF Online Facility? What is the Auto Investment Plan (AIP)?How to Enroll in PNB UITF Online?What Are the Trust Products Offered by PNB? What Are the Benefits of PNB UITF Online Facility? Once your PNB UITF Online enrollment is processed by PNB, you will be able to perform various functions related to your UITF investment at your fingertips such as: Direct UITF investments Full and partial redemption services (The fund will be credited to the nominated settlement accounts) Purchases of additional UITF investments Track the real-time investment status View the UITF portfolios Generate the electronic copies of the Confirmation of Participation (COP) and Participating Trust Agreement Utilize the Auto Invest Plan (AIP) Use the UITF calculator to calculate the profits/losses If you wish to know the general benefits of investing in an UITF product, please click here. What is the Auto Investment Plan (AIP)? The Auto Invest Plan (AIP) is a facility that allows you to put aside a portion of our savings on a regular basis for automatic investment on your chosen PNB UITF once it reaches the required threshold amount. This way you can earn potentially higher returns in comparison to a traditional savings deposit. How to Enroll in PNB UITF Online? With a stable internet connection and a laptop/mobile device in your hand, you can complete the…

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Globe iPhone 5 PostPaid and Prepaid Plans

Right now Apple is still on top of the world. Everything the firm from Cupertino touches, seems to turn gold. This post has a look Apple’s iPhone 5. Or more specifically, into the different postpaid and prepaid plans available for this sophisticated piece of technology.

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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. Table of ContentsWhat is PEZA?What Are the Benefits of ADA?Will Be Available Soon What is PEZA? The Philippine Economic Zone Authority (PEZA) is the government agency entrusted with responsibilities to promote investments, provide assistance and incentives, as well as facilitate the business operations of investors within the selected areas throughout the country (ecozones). As an investment promotion agency, PEZA ensures that foreign investors who intend to establish their operations in the country will have available and suitable locations in the economic zones. The investors within the economic zones can gain advantages of the incentives offered by PEZA. For the developers of the economic zones which include Industrial Estates, Export Processing Zones, I.T. Parks and I.T. Buildings as well as Locator Companies such as export enterprises and I.T. companies, they can enjoy the privileges such as exemptions from Corporate Income Tax for 4 years, permanent resident status for foreign investors and immediate family members as well as other incentives under the Executive Order No. 226. What Are the Benefits of ADA? The current method of settling bills with PEZA is time-consuming and susceptible to human errors. This is because the locators initially have to process the billings which are generated by PEZA as well as their respective payments manually, then prepare and send physical checks to PEZA. Besides, they have to line up at…

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BPI Direct Save-Up Account: Why You Should Start Saving Today

This article was updated on September 30, 2019. Life is full of uncertainties. You just never know what’s going to happen next and when the unexpected happens, your wallet should be ready to shoulder any expenses. That’s why every responsible adult tells you to set aside some money and build up your savings. Luckily, saving has never been this easy, thanks to the BPI Direct Save-Up program[1]. Offered by BPI Direct Savings Bank[2], this savings program automatically sets aside a certain amount from your BPI savings account. You can also deposit to your Save-Up account directly if you have extra cash lying around. Aside from that nifty feature, here are some compelling reasons why you should open a BPI Save-Up account. Table of ContentsBPI Direct Save-Up Account FeaturesAutomatic SavingsFree BPI-Philam Life InsuranceZero Initial DepositNo ATM CardKeep the Information CardHow to Open a BPI Direct Save-Up AccountFinal Thoughts BPI Direct Save-Up Account Features Automatic Savings   One of BPI Direct Save-Up’s main selling points is the automatic savings feature. They figured that if you remove yourself from the savings process, you’ll be able to earn more. Because let’s face it, we sometimes lack the willpower to deposit money into our savings account. So to curb your urge to spend, let your BPI Save-Up account do the saving for you. Worry not, because you can customize the way your account automates your savings. You can either set your automatic debit on the day or the day after your paycheck comes in. You can also set the amount you want to automatically save….

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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 of your child at home and the safety of their money in the bank? Table of ContentsCriteria For A Kid’s Saving Account1. Proximity to the bank2. Interest rate3. Types of bank saving accountsSTATEMENT ACCOUNT PASSBOOK ACCOUNTS4. Banking / Service Fees5. Required Documents Criteria For A Kid’s Saving Account 1. Proximity to the bank The idea of driving for several hours whenever your kids require a visit to the bank wouldn’t be an appealing for you. It is smart to ensure finding a bank in your neighborhood or at a location that’s convenient for you. 2. Interest rate In order to get your kids the best savings account, pay close attention to the following: The annual interest rate Whether it is a tax-free savings account Minimum monthly ADB requirement Minimum maintaining balance to earn interest. 3. Types of bank saving accounts STATEMENT ACCOUNT Your child will get a monthly report of the account such as the deposits and withdrawal that have been done, the interest that has been credited as well as any banking service fees.  PASSBOOK ACCOUNTS Your child will get a little booklet that every transaction such as deposit and withdrawal will be posted into. 4. Banking / Service Fees Don’t ever let any statement regarding the banking or service fees slip through your fingers. Otherwise, you…

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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. Table of ContentsThe Real Piggy BankUCPB’s Kiddie Max Savings AccountZero Maintaining Fees The Real Piggy Bank It is highly valuable to introduce your kids to the world of finance and banking. To ensure that their curiosity and interest towards money management remains strong, providing them with a simple, reliable – and most importantly: no-frills – kids savings account can be of great help. One product to look into is the UCPB kiddie max savings account. UCPB’s Kiddie Max Savings Account UCPB’s Kiddie Max Savings Account, the latest savings product offered by United Coconut Planters Bank (UCPB), is one of the most convenient and kid-friendly savings accounts in the market today. Age: 0-18 years old Min. Initial Deposit: 500.00 pesos Min. Balance: 500.00 pesos Annual Interest rate: 0.25% (Minimum ADB to earn interest is 10,000 peso) Monthly Maintaining Balance: None Account holders and their parents / guardians will be able to manage their funds and monitor their transactions with their own passbook or an ATM card. At the same time, parents/guardians could transfer fund from their own UCPB account by phone banking or via online. Zero Maintaining Fees Many banks charge fees for certain behaviors that customers don’t realize are actually costing them money. However, one of the most attractive attributes…

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