All Articles With Author : Bea Bongat

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

7 Money Matters Women Face and How to Beat Them

Women are making waves now more than ever in the workplace and in their careers. In all the three fronts – college graduates, increase in annual wages, and presence in male-dominated fields – the numbers continue to increase on a yearly basis. With more opportunities for women today more than ever, they embrace a take-charge attitude when it comes to their careers, finances, and self- development. The Philippines has the fourth highest proportion of women managers in the world with 47.6% of managers being female. However, when it comes to finances, it isn’t only about earning more and climbing the career ladder. Finances cover a plethora of other factors, such as health, family, and retirement among others. To give you the lowdown on proper money management, MoneyMax.ph talked to two financially-savvy women, Sha Nacino and Attorney Jill Sabitsana. Sha Nacino is the founder of www.seminarphilippines.com and the author of the book “Money & Me.” Attorney Jill Sabitsana, the owner of www.frugalhoney.com, currently works at the Supreme Court of the Philippines and also runs a household. Read on for tips on overcoming common money matters women face and how to beat them: 1. “I do not know much about investments.” “While many women save, relatively few of them invest,” says Cindy Hounsell, President of the Women’s Institute for a Secure Retirement, in an interview with NPR, a non-profit media organization based in the US. Women tend to be more conservative when it comes to money, so they prefer to put their money in a savings or checking account. Because of this, many…

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5 Ways to Improve Your Personal Loan Application

Have you met a fellow Filipino with zero debt? It’s highly unlikely. Whether it’s a mortgage or the tiniest unpaid credit card balance, only a rare few can say they are truly debt-free, and the numbers back this up. According to the 2012 Bangko Sentral ng Pilipinas (BSP) Consumer Finance Survey, only 4.6% of those surveyed spent less than their monthly income. 51.5% spent equal to their monthly income and almost half, at 43.8%, spent more than their income. For those spending more than their income, where do they get the money? And for those who spend equal to their income, what happens when emergency expenses, such as a hospital bill or a car repair, arise? Enter personal loans. Personal loans serve as a quick, answered prayer. You can borrow x amount of money and pay it back in monthly intervals plus interest. There’s no need to wait for the next payday or ask money from a friend who’s already giving you the evil eye. You can just apply for a personal loan; however, there are instances when others do not get approved. Banks and other financial institutions need to prove your credibility as a borrower before they approve your loan application. Here are 5 ways to improve your personal loan application: Improve your credit history When applying for a loan, financial institutions look at your credit history to determine whether or not you are a trusted and disciplined lender. If you pay your credit card balances on time every month, this shows that you have the ability to make…

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How to Give Back to Your Parents without Becoming Their Retirement Plan

Isn’t it nice to treat your parents out regularly or gift them with an experience or an item they’ve always dreamt? What about giving back to your parents by taking them out on a dream vacation? It sounds like a dream rather than reality. The real picture is that it’s still common practice for Filipinos to live at home until marriage, and full-fledged independent 20-somethings are only a minority. Then, as the years go by, it becomes even more difficult to take your parents out on their dream vacation because you’re neck deep in other financial responsibilities. For others, not only do they have a responsibility to themselves, but they also have a responsibility to their parents like becoming their retirement plan. Is it possible to give back to your parents and thank them for all those years of raising you without funding their lives completely and putting your own on hold? The answer is yes; it’s possible. MoneyMax.ph interviewed two Filipinos who were able to give back to their parents. Norman Brito works as a Landscape Architect, and last year, he was able to take his parents out with him on a vacation to sunny Singapore. Through Norman’s hard word and frugality, he was able to give his parents an all-expenses paid trip (pocket money included). Karlo*, on the other hand, works in the Construction industry as a design-and-build contractor. Instead of flying his family out overseas, he did an overall renovation of his parents’ house to create a modern abode and a living space they’d be excited to come home to. So what did Norman and Karlo do to…

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Financial Planning for Overseas Filipino Workers

Working overseas is a goal for many Filipinos. In 2015, the number of overseas Filipino workers (OFWs) was estimated at 2.4 million while remittances reached USD 22 billion in November 2015. The primary reason Filipinos aim to work abroad is the higher pay which enables them to provide a better life for their families, whether in the Philippines or abroad. For OFWs working in developed countries such as the USA, the UAE, and Singapore to name a few, they are earning in stronger currencies which allow them to buy (and save) more pesos. However, a 2011 study done by Social Enterprise Development Partnerships Inc. shows alarming results. One out of ten OFWs remains financially broke while 80% return to the Philippines without savings. Despite their higher earning power, why are they moving back to their home country without any savings or investments? It’s not how much you earn; it’s how much you save. Financial planning is not only about increasing your income. It’s multi-faceted and comprised of different factors. To help you out below is a guide for financial planning for overseas Filipino workers: Earning Don’t be blinded by the X amount of dollars you’re being offered. It may seem like a treasure chest when you convert it into pesos, but it may be insufficient abroad. There’s a reason why more developed countries pay higher wages; it’s because the cost of living is much higher in these places. A lunch out can cost twice or thrice what you would pay for in the Philippines. In Hong Kong, a box-like, studio-type apartment can amount to Php 50,000 per month – and that’s not in the…

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The Price of Having No Car Insurance

Owning a car is a goal Filipinos want to achieve, together with owning a house and building a secured future. Car ownership comes with numerous responsibilities but the benefits outweigh these responsibilities. Even if driving is much costlier than using public transportation, there’s no doubt about the convenience and efficiency owning a car provides. Owning a car is one thing, maintaining it is another. Car ownership comes with additional factors, such as maintenance and insurance, but why do many forego these? The main reason would be cost. The expenses you incur while driving already take a chunk of your monthly budget, what more if you include maintenance repairs and your monthly insurance premiums? Even if your expenses are bound to increase, there’s a benefit to having insurance – you’ll have the peace of mind. Below, 4 Filipinos share their experiences of the price of having no car insurance: Kris* was a college student when she hit a BMW sedan. This resulted in both cars needing a paint job to cover the scratches. Even Mario*, another beginner driver, had bad luck estimating a turn, so his SUV hit a wall in the parking lot. A one-time paint job cost them Php 5,000 for each vehicle. Kris, seeing as it was her fault that she hit the BMW, had to shell out Php 5,000 to the owner of the BMW and another Php 5,000 to repaint her own car. Mario, having scratched his SUV three times, had to pay around Php 4,000-Php 5,000 each time. A simple scratch can cost a few thousand pesos, what happens when your car needs more than a paint job? Lorna*, a professional…

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[INFOGRAPHIC] #FinancialFreedom: The Benefits of Being Debt-Free

4 in 10 Filipino investors carry debt with 7% of the survey respondents having debts higher than Php 500,000. This is according to the Manulife Investor Sentiment Index (MISI). People go into debt for numerous reasons. Some go into debt for investment purposes, such as taking out a home loan to buy real estate. However, most people incur debt out of a ‘perceived’ necessity wherein expenses are higher than their incomes. The word ‘perceived’ is important because there’s no need to take out debt out of necessity if you can manage your money properly wherein your expenses are less than your income. If you do this, there’s no need to take on debt, except for house, car, or business loans which can be used as an investment and to improve your future. The infographic below shows the benefits of being debt-free and how you can pay down your debt: Compare car insurance, credit cards, and loans. Check our products to know more.

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Easy Ways You Can Save Big on Your Dream Wedding

Weddings – it’s an event every woman thinks about at any point of her life. When you were back in high school, you probably thought of a fairytale wedding, complete with your dream destination and a designer princess-esque dress. When you got to college and entered a serious relationship, your friends were probably teasing you and your partner and asking when your wedding was going to be. Then, you joined the real world, and working a 9-to-5 job made you realize that you needed to work hard and save harder if you wanted that fairy-tale wedding you dreamed about when you were young. Even years or decades after the big day, there are still moments where your memory brings you back to that time you were walking down the aisle. Weddings have a special place in a woman’s heart. It’s a magical event where anything you want goes. That is, of course, if you have the budget. You want your dream wedding, but you know you’d have to shell out large amounts of money. The costs of celebrity weddings go well into the millions. How is it possible to have your dream wedding  on a budget? Below are easy ways you can save big on your dream wedding. The tips require you to put in the time and energy to make these happen, but on the bright side, they will largely trim down the cost. Collect and then select No, this doesn’t pertain to your husband to be. Just like you have a ‘Top 3’ when it comes to shoes, clothes,…

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How Do You Reach Your Financial Goals Through Investing?

Last May 28, over 1,500 Filipinos gathered together to hear the country’s most influential thought leaders in finance and entrepreneurship talk about the ‘how-to’s and ‘why’s of wealth creation and building at Randell Tiongson’s iCON 2016. Among the powerhouse lineup of speakers were Diwa C. Guinigundo, the Deputy Governor for the Monetary Stability Sector, Bangko Sentral ng Pilipinas, Valerie Pama, President of Sun Life Asset Management Company, Inc. (SLAMCI), and Rex Mendoza, Founder and Managing Director of Rampver Financials. Each speaker brought and shared a lot of practical financial lessons that the attendees can use in their own financial journeys. Here are 14 investing tips from the speakers to help you reach your financial goals: Randell Tiongson, RFP Director, Registered Financial Planner Institute Philippines  “Investing is a marathon, not a 100-meter dash.” Investing and wealth creation take time. Even the most successful businessmen labored to get to where they are today, and an overnight success is backed up by years of hard work and perseverance. You need to have a long-term mindset with a minimum of 5 or 7 years if you want to invest and make your money grow. “In a volatile market, it’s always best to go back to your foundations.” It’s normal for markets to go through up-and-down cycles. This is volatility. Go back to basics. This means improving your cash flow, eradicating debt, having an emergency fund, protecting yourself from risk through insurance, and investing for the future. Marvin Germo, RFP Best Selling Author, Stock Smarts book series “The more assets you have, the more chances of winning.” Markets follow up-and-down cycles.  It’s important to diversify and accumulate more assets to protect yourself…

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How to Apply for a Car Loan

  350,000 units – that’s the projection of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) as to the number of cars that will be sold this year. It’s 12.9% higher than last year’s projection of 310,000. Are you one of those planning to by a car this year? Unless you have a million or more pesos to spare in the bank, you’ll most likely be applying for a car loan. If you’re at a loss on where to start when it comes to car loans, you’ve come to the right page. Below is a step by step on how to apply for a car loan and where you can go to apply: Where to Apply for a Car Loan The following financial institutions offer car financing: BDO Unibank, Inc. (BDO) Down payment: minimum 20% of purchase price Maximum car age: up to 6 years old Minimum household monthly income: PHP 50,000 Payment terms: 12-60 months Bank of the Philippine Islands (BPI) Down payment: minimum 20% of purchase price Maximum car age: up to 5 years old Minimum household monthly income: PHP 30,000 Payment terms: 12-60 months EastWest Bank Down payment: not stated Maximum car age: not stated (for secondhand vehicles, units to be brought in for appraisal) Minimum household monthly income: PHP 40,000 Payment terms: 12-60 months Maybank Down payment: minimum 20% of purchase price Maximum car age: up to 10 years old Minimum household monthly income: not stated (employed or self-employed for at least 2 years) Payment terms: 12-60 months Metrobank Down payment: minimum 20% of purchase price Maximum car age: brand new units only Minimum household monthly income: not stated (employed or self-employed for at least 2 years) Payment terms: 12-60 months Philippine Bank…

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9 Ways to Make Money Using Your Car

    Owning a car entails numerous expenses. There’s not only gas to consider, but toll fees, maintenance costs, and upkeep fees as well. Not to mention that the older your vehicle, the lower its resale value is. Because of this, it’s best to maximize your vehicle until it’s time to say ‘goodbye’ and purchase a new one. According to Consumer Reports, the life expectancy of a car is pegged at 8 years or 150,000 miles, so it’s best to make the most of your car before it reaches its limit. Fortunately, owning a car has numerous benefits. It gets you from points A to B in the most convenient means possible. Even more, you can monetize your car to earn extra income. Since car ownership incurs numerous expenses, why not find ways to earn from it as well? Here are nine ways to make money using your car: 1. Offer delivery services If you’re the unofficial social butterfly of your neighborhood, you can offer to be a delivery person to your neighbors. You can take your neighbor’s dogs to the groomers, take their children to school, or offer to buy their groceries. In emergency situations or last-minute instances, your free time (and car) comes in handy. You may not know it but there are people who are willing to pay a little extra for a little more time. This is the same reason why you may hire a gardener to tend your garden instead of doing it yourself. It’s the same reason you’re hiring household help instead of doing chores yourself. 2. Be a driving teacher If you have spare time on your hands,…

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Is It Better To Buy Car Parts Online?

Car repairs can take a big chunk off one’s budget. Some people tend to forego routine maintenance checks and wait until the car breaks down before they send it to the shop. Maintaining and repairing a car is costly, so people take the corrective and not the preventive approach when it’s supposed to be the other way around; however, with a few hacks, you can save money. One way to decrease expenses on car servicing is to buy the car parts yourself to avoid markups. Even more and with the surge of technological innovation, you can even shop for car parts online. This further trims down your expenses and comes with additional benefits. Is it really better to buy car parts online? As with anything, online shopping comes with both pros and cons, so it is really all up to you. Before you decide, here are the pros and cons of buying car parts online: Pros You save money Aside from avoiding markups on parts, buying car parts online can save you money by waiving shipping fees and avoiding fuel expenses from leaving your house and taking your car out. You can do everything with just a click of a button and within the comfort of your home. You can choose from a variety of car parts One of the main perks of shopping online is having the option to choose. You have a variety of parts to choose from, and usually, different sites may offer different prices. Not only will you have the option to choose according to price points, but you have the option to choose according to the make…

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When was your car repair payment not worth it?

Car ownership is a huge responsibility. It’s even a sign of adulthood for some. Driving a vehicle takes discipline and practice. If you’re a car owner, you have the responsibility to keep you, your passengers, and your car safe on the road. More than that, car ownership also incurs added expenses, gas, toll fees, and maintenance to name a few. Yearly, it’s important to have your vehicle checked for any issues. You don’t want to lose your main mode of transportation in the middle of a very busy week. For some, losing a car temporarily can feel like losing an arm and a leg, so the bottom-line is that it’s important to have your car repaired regularly. However, there are times when you do get your car serviced – only to receive a billing statement that is much more than what you expected and budgeted for. In this scenario, you end up asking yourself if the repair was really worth it, so now the question is, ‘When was your car repair payment not worth it?’ Here are three situations when, unfortunately, it would have been better not to repair your car and instead buy a new one: It didn’t extend the life of your car If your car is only three years old and then some parts need to be replaced, then doing so can add years to your car; however, if your vehicle has passed 10 years and you expect more repairs in the future, then that one repair may not be worth it. If your car repairs would add more years to your car, then that would be worth…

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5 Tips to Save on Car Repairs

Owning a car is a huge responsibility. You need to have it cleaned (or do it yourself) on a regular basis; you need to make sure the parts are working properly; you need to be responsible enough and know how to drive defensively to avoid road accidents; and of course, you need to take note of your car expenses and budget for it and prepare for situations that may require you to shell out money. Car repairs, depending on the service, is costly. Whilst driving, you may hear a weird sound you’ve never heard before because it’s been a while since you had your car checked. Maybe you don’t want to spend on repairs because you don’t have the budget or you’re just too busy and can’t afford not having a car. Not only is it stressful not having a car to drive but you’d have to pay for the check-up; however, it’s best to be preventive rather than corrective. If your car is making a sound or there’s something that feels different when you drive, it’s best to have it checked and repaired immediately. If you forego this because you don’t want to spend or you don’t have the time, you might end up spending more in the long run. To help you, here are 5 tips to save on car repairs: Shop around If you don’t have a trusted mechanic yet, it’s best to shop around and ask for estimates. With this, you can compare different rates from various mechanics. In reality, there will be shops that will be more affordable and others that will be…

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How much are your apps costing you?

There’s no denying the many advantages of phone applications. From online shopping and banking to whiling the time away with games, streaming, music, and e-books, phone applications are here to stay. If you leave someone with his or her phone, there’s no doubt he and she can spend a whole day using and playing with various apps. A photo-editing app here and movie-streaming app there, and there’s no idle time. With the many benefits of apps, they have some disadvantages as well. Aside from the loss of personal communication among friends and family, there’s also the hidden cost of paid apps or in-app purchases. A Php 130 monthly subscription doesn’t add up to much; a Php 100 one-time payment game is even better; however, you’ve heard it before – the little things add up, so really, how much are your apps costing you? How much is it costing me? Below is an estimate of how much monthly subscriptions and in-app purchases cost. Individually, their costs are negligible, but add them up, then you might be spending more than you realize. Here is a breakdown of how much commonly availed subscriptions and apps cost: Streaming music Php 130 (monthly) Renting a movie: Php 180 (per movie) (It’s Php 650 if you buy it) Channel subscription: Php 200 (monthly) Games: Php 45 – Php 400 (depending on the game) International call services = Php 650 (monthly) Monthly total: Php 1,260 (Php 130 + Php 180 + Php 200 + Php 100 + Php 650) (Yearly total: Php 15,120) Php 1,260 a month doesn’t seem so much, but that doesn’t take into account other subscriptions you have. Instead of renting a movie, you are buying. Instead of sticking to playing one game a month, you are playing two, three, or…

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6 Tips for Buying a New Car

    2016 started off with a bang for the automotive industry with car sales increasing by 27.6% this January 2016 compared to January of last year. Furthermore, the demand for cars is expected to stay strong with the automotive industry forecasting to hit record sales this 2016, up to 350,000 units from 310,000. With more Filipinos expected to buy new vehicles, especially with the popularity of compact cars and SUVs, shopping for a new car can be a tiring yet exciting process. To help you with that, MoneyMax.ph, gives you 5 tips for buying a car: Know your parameters You may get too excited about buying a car. You’re going to be driving it; it’s going to be your ‘baby’, and finally, you can get that SUV or sports car you’ve always dreamt. Hold up! Before you jump from dealer to dealer and look at those shiny, new cars, know your parameters first. What’s your budget? What car classification suits me best? Should I buy a new or a used car? Those three are some essential questions you should be asking yourself. Having a specific number keeps you grounded. You may have dreamt of owning that luxury SUV until you realize that it’s too expensive and you may not be able to afford the down payment and monthly loan payments. As for vehicle classification, decide what type of car suits your lifestyle best. If you have a family of six, then a minivan is more appropriate than a four-seater sedan. As for buying new versus used, if you want…

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Indulge in a Staycation with these Deals

What a treat it would be to board a plane and travel to one of the 7,107 islands of the Philippines or jetset to a different country, be it Hong Kong for a quick weekend trip or Japan or Europe to escape the summer heat. However, not everyone has the privilege of excess time and money. Whether you’re out of vacation leaves or saving up instead of spending for travel, you can still go on a vacation, and why not a staycation? Staycations allow you a quick reprieve from the hustle and bustle of work life. Whether it’s a drive to Tagaytay or staying in a five-star hotel right in the heart of Metro Manila, a staycation will do the job of giving you a brief relaxing and stress-free vacation. For this week’s deals and promos, here are affordable staycation options for you and your family. Using your BDO credit card: Whether it’s a spa treatment package coupled with a hotel accommodation or discounts at gastronomic establishments, the City of Dreams is your playground with your BDO credit card. The City of Dreams offers special packages. For Php 9,500 net, you can avail of a Nobu Deluxe Room with breakfast and 4 tickets to DreamPlay for you and your family. If you’d rather go for a spa treatment and dining extravaganza than the DreamPlay amusement park, you can do so for Php 15,000 net. This entitles you to a Nobu Executive Room, a Php 3,000 dining credit, and a spa treatment for 2 – a staycation indeed! Recently, Tagaytay has become a foodie’s paradise. Restaurants offering different cuisines in various price ranges have made the area a go-to place for a quick lunch or dinner. If only you could stay longer and sample the various offerings without…

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How To Insure Your Souped-up Car

87% of Filipino car owners view their cars as a means to get from points A to B; however, Filipinos still ranked fifth worldwide when it comes to viewing their vehicle as a status symbol.  It’s no wonder nine out of 10 car owners intend to upgrade their vehicles once they have the extra funds, according to the Nielsen Global Survey of Automotive Demand. Upgrades are aplenty, and you can’t deny the value they add to the car. Here is a mini infographic on typical car upgrades and their starting costs: With the most basic of upgrades beginning at four digits – it’s Php 1,000 to upgrade to a louder horn – it’s a must to keep your vehicle in its best condition. One way is through regular maintenance, and another is through car insurance. It’s important to know that the upgrades and add-ons affect your insurance premium. The more upgrades, the higher your insurance payments. From applying for and renewing insurance to filing a claim, here are the things you need to know when insuring your souped-up car: Application and Renewal Insuring your upgraded car follows the same process as a regular vehicle.  The typical documents you need are: OR and car registration (CR) Invoice chassis and engine number conduction sticker license and valid ID If you’re insuring a secondhand vehicle, you would need photos of the front, rear, and side ends of your car. There are no additional documents to fill up when applying for insurance for your car’s upgrades. You just need to declare the additional features…

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Interview: How to Save 50% or More of Your Salary

Only 4.6% of Filipino households surveyed spent less than their income, according to the 2012 Bangko Sentral ng Pilipinas (BSP) Consumer Finance Survey. This means that saving is definitely possible, and others are able to do it. Saving a portion of your monthly income may prove to be challenging at first, so the best advice to get into the habit is to start small. Start by saving 5% of your monthly income, and as you get the hang of it, you can increase your monthly savings rate, from 5% to 10% or whatever percentage is realistic for you. To inspire you to save 50% or more of your salary, MoneyMax.ph interviewed 3 Filipinos who do just that. Fenina Vito is 23 years old and works as an office manager for a business development company and is in the process of starting her own business. Raymond Gabriel is a Pharmacist and Team Leader at 24 years old at an IT-BPM company. JR Rosales-Caparas is 34 years old and works as an admin assistant in Qatar. If you read their interviews, you will learn that their personal finance habits didn’t happen overnight. It took months and years before they started saving most of their income. Hopefully, this will drive you to start saving a larger percentage of your salary. Was there a specific moment in your life when you realized you needed to start saving? Fenina: My mom taught us to save for emergencies. My siblings and I were part of the Metrobank Fun Savers Club when we were younger. Raymond: My family had financial problems due to excessive credit card debt. That happened when I was 20 years old and was…

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Fitness and Health Promos to Cool Your Summer

Summer is at its peak. Walking under the sun midday has become unbearable. Exposure to heat and high humidity adds to the heat burden which causes higher stress levels. If only you could whisk yourself away to a cooler country and take a week off and lounge on the beach. For those who do not have the time and savings for a getaway to escape the summer heat, why not treat yourself to a spa day or exercise to sweat the heat off? For today’s Deals of the Week, MoneyMax.ph gives you fitness and health promos to cool your summer: Spa Treatments A whole body massage or a scrub treatment just sounds so good. Silence, serenity, and relaxation – it’s almost like you’re in some far off temple in the middle of nowhere breathing in nature, when you’re just in the heart of the city. Using your Asia United Bank credit card, you can get discounts on spa treatments with Bioessence and BlueWater Day Spa. Bioessence offers 50% off on warts removal, a free diamond peel for every Php 1,000-facial (minimum spend), 15% discount on slimming packages, and 10% off on whole body massages in over 30 Bioessence, Bioessence Slimzone, Bioessence Serenity Spa, and Bioessence gold branches in Metro Manila. This promo period is valid until February 28, 2017. As for BlueWater Day Spa, you get 25% off on all face and body treatments with a minimum value of Php 2,000 and a maximum of Php 10,000. Take note though that this promo cannot be used with other discounts the spa offers and lasts until March 31, 2017. For reservations and questions, you can contact the following Blue Water Day Spa Branches: Capitol Hills (473-0455), Cotabato (0933-6028755), Eastwood (915-1247), Makati (817-3126), Naga City (0939-8644952), and Ortigas (724-0426)….

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Picking Investments and Diversifying Your Portfolio

“Have you ever imagined that the Filipino will be a tourist in Japan?” said Rex Ma. A. Mendoza in an interview with MoneyMax.ph when asked about the economic outlook of the Philippines for investors. Rex Ma. A. Mendoza is Chairman and President of Rampver Strategic Advisors, a player in the financial services industry that offers asset management advisory, mutual fund distribution, and financial planning, training, and consulting. Rampver offers mutual funds from some of the country’s biggest mutual funds companies and provides its clients with an unbiased perspective on where best to invest depending on the specific individual. In an interview with MoneyMax.ph, Rex Ma. A. Mendoza shares his personal experiences and tips for Filipino investors. “Majority of the country’s population is productive, financially capable, and will push resilient consumer spending,” Mendoza said in relation to Filipinos being able to travel to neighboring Asian countries, as he refers to the country’s population being in a demographic sweet spot. Affordable traveling means Filipinos now have the purchasing and spending power to drive the economy, and they can do this by becoming both investors and consumers. Investments don’t only pertain to stocks. There are real estate and foreign exchange, and mutual funds which Rampver offers. Where should I invest? The answer to that is first, where your goals lie, and second, your understanding of each investment. Investing in relation to your goals In relation to goals, are you investing for retirement? If you are, opt for long-term investments. Are you investing for your short-term goals (e.g. traveling, car-buying, etc.)? Your investments should be short-term as well and less risky. “Nag-iinvest ka dahil may pinag-lalaanan ka, and then you match it. Pag nag-invest ka para sa tuition…

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