MoneyMax.ph Valentine’s Blogging Challenge! WIN P5,000

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Hottest Halloween Parties in Metro Manila

Halloween is one of the most awaited seasons in the Philippines. Do you remember the waiting for ‘Magandang Gabi Bayan Halloween Special’ by Noli de Castro? Halloween parties in the country start typically few days before all souls day or end of October. What makes Halloween parties exciting is its festive of spookiest costumes and different themes from superheroes, Disney to spookiest haunted themes. We, Filipinos love to dress up and this is probably one of the main reasons why are we excited about Halloween season. Who’s not excited to wear those creative DIY costumes? MoneyMax.ph, the country’s most comprehensive comparison platform compiled the most exciting Halloween parties for our loyal readers out there! Party for families DreamPlay Spookfest When: October 28 to November 1, 2017 | 11 am – 4 pm Where: Dreamplay, Parañaque, Metro Manila What: DreamWorks Halloween movie at DreamTheatre, Spookfest shirt & bag, Shrek or Treat, Pumpkin Hunt, Photo with Shrek, Pumpkin cookies at Gingy’s Kitchen Fee: Php 1,500 per person Enchanted Forest When: October 29, 2017 | 1 PM – 6 PM Where: Isla Grand Ballroom, EDSA Shangri-la Hotel What: Trick or Treat and much more Fee: Php 2,200 net/person Heroes and Villains[1] When: October 28, 2017 Where: Crimson Hotel What: Costume party and trick or treat Fee: Inquire at  863-2222 local 1205 or cfcmevents@crimsonhotel.com Party for Yuppies Space Odyssey[2] When: October 31, 2016 (Monday) Where: The Palace Pool Club, 9th Ave cor 36th Street, Uptown Bonifacio, Taguig, Metro Manila What: Nightclub and Party, Costume competition, Drinks and giveaways Fee: You only need to book your reservation at poolclub@thepalacemanila.com Taste of the Halloween[3] When: October 29, 2016 (Saturday; 4:00…

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Should I Pay Cash Upfront or Pay in Instalments?

We have a lot of expenses in life but of course, we have a limited amount of money. We have a never-ending electric and water bill, loan repayments etc. But at the same time, we often have two options for paying for our purchases –  instalments or lump sum cash purchase. Question is, how should we decide as to which is the best payment option? There are many factors that play a role in determining the best payment option. This article will give you an idea on which payment option is the best for you and get the most out of your hard-earned money. 1. Emergency Fund Do you have an emergency fund? An emergency fund of about 3-6 months of expenses should be readily available to you. This helps in cases of emergencies like illness, accidents or even loss of a job. By having an emergency fund, you will have a sense of security to yourself and your loved ones. We cannot predict what’s going to happen in future. If you are buying a big-ticket item like a laptop or foreign travel, you should not dip into your emergency fund. It might make better sense to finance the purchase.  It is not a great idea to get a loan and blow up existing cash on other frivolous expenses. Instead, utilize the money you have saved via investing. 2. Reasonable or no extra cost in paying in instalments Always check out the terms and conditions of the instalment payments. In some cases, the instalments have zero interest or reasonable interest…

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How many hours Filipinos need to work to afford iPhone X?

Having a mobile phone 20 years ago was not a necessity. People who had mobile phones back then were mostly businessmen and executives. Earlier, mobile phones were only being used as means for communication i.e. for calls and SMS. However, due to ever-changing and fast-paced technological advancements, owning a mobile phone nowadays is an essential part of our daily lives. Thanks to the birth of the smartphones such as the iPhone. Now, using your phone, you can book a flight, play offline and online games, read an e-book, shop online, sell your items, send money through mobile banking or even compare products. You can do so much with your smartphone! One of the hottest and in-the-news smartphones in the mobile market today is the iPhone X. As expected, it’s very expensive, and therefore the question is –  is it worth buying it? Let the numbers do the talking by simply computing how many hours you have to work before you can purchase that precious iPhone X[1]. Based on 2017 Jobstreet Annual Report[2] and the cost of iPhone X in the Philippines which is Php 50,949, you can see how much employees in different industries of the Philippines, have to work to earn an iPhone. If you are in an entry-level position, you have to spend around 231 to 352 hours of work for you to avail the Apple’s iPhone X. IT-related jobs have the highest average income per hour thus, requiring a fewer number of work hours to avail the precious mobile phone. That should be a good news for fresh IT graduates out there. For…

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Know About These Young Self-Made Pinoy Billionaires!

Building wealth requires time, patience, hard work and strong will. Some are lucky to born in a rich family but some great Filipinos have made themselves millionaires with their own hard work. Most of the Philippines’ richest persons are over 50 years old but in this article, we will be discussing those who made themselves a billionaire before they reached 50’s. Edgar “Injap” Sia II View this post on Instagram A post shared by Entrepreneur Philippines (@entrepreneurph) Age: 40 years old Net worth: $820 million He runs one of the most successful young businesses in the Philippines that is a trailblazer in the fast-food industry sector.“Injap” was born in Iloilo City in 1977 and grew up in Roxas City. He was nicknamed, “Injap”, a portmanteau of “Intsik” or Tagalog term for Chinese and “Japanese”; as his father, Edgar Sr., is half Chinese, while his mother, Paz, is half Japanese. He was studying architecture but dropped out to start a small business in their province. He reinvented the fast food industry by founding one of the most famous fast-food chains in the country, Mang Inasal. Earlier fast-food industries in the Philippines typically offered western food like burgers and spaghetti but Mang Inasal[1]was a huge a hit by offering food that locals loved known as Chicken Inasal which originated in Bacolod. The ‘Unli’ rice offer of Mang Inasal also helped it to make its name in the industry. He started Mang Inasal way back 2003 and it was eventually acquired by Jollibee in 2010. Currently, he is the chairman of Double Dragon…

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Pera 101 Episode III: Growing your Savings

Episode III of Pera 101 describes how to manage properly your savings and ways how to beat inflation. Hosted by Aya Laraya, one of the country’s top financial advocate, Pera 101 is brought to you by MoneyMax.ph

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5 Ways to Get Your Money Back From Friends

It is a frustrating fact that Filipinos have the wrong concept of debt or utang. It is a common norm for Filipinos not to pay their debt from their family and friends. When Filipinos are short in cash, the first thing that pops in their mind is to borrow money. In fact, Manila Times cited that high levels of personal debt (excluding mortgages) are overshadowing Filipinos’ increasing financial discipline. But if you are the lender, it can be awkward to ask your friends to return the money they borrowed. Oftentimes, Filipinos avoid asking for their money back because they are afraid to destroy their relationship with their friends and relatives. Some people are also not aware that government institutions like Pag-IBIG and SSS offer various salary loans, helping more Filipinos financially. In this article, we will discuss the most effective ways to ask for your hard-earned money without affecting a relationship. 1. Remind them politely Make use of polite words when you are reminding someone about their debt.  Simply ask if they recall their debt and ask humbly when they can pay it back. Instead of using SMS or chat, call or talk to them in person so you can express your politeness. 2. Ask for an update  People borrow money for a purpose and they usually communicate this ahead of time. Remember the purpose of that person. If the money borrowed, for example, was used to pay tuition, ask that person who owes you how the school is. This will help them remember their debt as you begin such a conversation. 3. Ask them to help you If it’s a small…

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2 Simple Steps to Find the Best Credit Card for You

With tons of credit cards now offered by different banks in the Philippines, it is so confusing to decide which credit card is the best choice for you. However, you do not need to be impulsive and just avail a random credit card. Aim for the best credit card experience and make the most out of it by making the right choice. Here are the 2 simple steps to find which credit card you will choose: Step #1: Identify your needs and preferences Credit cards are made based on type of consumers. Banks based it on: spending behavior and reward preferences. Thus, you have identify firstly what is your spending behavior. Here are the types of credit cards based from consumers’ spending behavior: Travel – This credit card serves as your buddy to your travel trips. It offers great perks from airline tickets to hotel deals. If you are a frequent traveler. This credit card will offer the best credit card experience for you. Shopping – Banks do partnerships with shopping malls to offer the best shopping experience from your credit card. You just need to find which is your favorite shopping mall and know which banks are tie up with them. If you love shopping, choose this credit card and get instant discounts, rebates and freebies every time you go shopping. Gas – If you spend that much for gasoline because you use your car everyday at work and for your travel trips, this type of credit card will be the best option for you. The more you spend…

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Habits To Help You Build A Fortune On A Small Salary

Many of us assume that if you have a small or average salary, you cannot build a wealth out of it. Nevertheless, have you hear about ‘it’s not how much you earn but it’s how much you save? Imagine two employees, one with high income and the other with an average income. The employee with high income spends all of their paychecks quickly, while the other employee saves at least 30% of their salary. At the end of the year, who do you think has more savings? Live ‘secretly rich’ Some people want to show off their material possessions. It’s a mix of lifestyle inflation and trying to keep up with unrealistic societal standards. Instead, focus on your own lifestyle, and let go of the need to satisfy others. Think of it this way: even if other people look wealthy, they might be drowning in debt. You, on the other hand, live a frugal life and keep most of your money saved up for the future. Think of it like you’re living “secretly rich”. Set a saving goal higher than 20% If you ask personal finance experts on what is the ideal percentage of savings to what you are earning, their common answer is 20%. This is the set standard and can be considered as balance. Nevertheless, if you want to save more than usual people do, save higher than 20% and boost your savings in no time. Multiply your savings We all know that banks offer very low interest rates on savings accounts. Aside from this, another enemy of your savings is inflation….

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5 Wise and Inspiring Money Quotes from Billionaires

The best way to learn and be successful is to benchmark the traits and attitude of most successful people. With that in mind, our team collected some of the best quotes from billionaire to keep you inspired and learn something new you can use to be more successful in terms of personal finance. Warren Buffett Warren Buffett an American business magnate, investor, and philanthropist. He is considered by some to be one of the most successful investors in the world, and as of March 2017 is the second wealthiest person in the United States, and the fourth wealthiest in the world, with a total net worth of $73.3 billion. Oprah Winfrey Orpah Gail Winfrey, better known as Oprah Winfrey is an American media proprietor, talk show host, actress, producer, and philanthropist. She is best known for her talk show The Oprah Winfrey Show, which was the highest-rated television program of its kind in history and was nationally syndicated from 1986 to 2011 in Chicago, Illinois. Related: 8 Business You Can Start With Php 50,000 or less Mark Cuban Mark Cuban is an American businessman, investor, author, television personality, and philanthropist. He is the owner of the NBA’s Dallas Mavericks, co-owner of 2929 Entertainment and chairman of the AXS TV. Henry Sy Henry Sy is a Chinese-Filipino business magnate, investor, and philanthropist. He is involved in the industries of real estate, hospitality, banking, mining, education, and healthcare. He is responsible for the establishment of SM Malls, anchored by Shoemart Department Store and Supermarket. Related: 7 Steps to Make Your First Million Pesos Dhirubhai Ambani…

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4 Unique Traits of a Smart Shopper

Smart shoppers are not the usual shoppers you will see in the market who shops around as a means to have fun and satisfy their needs and wants. They are the keenest shoppers who enjoy looking for the best deal, price, and product in the market to satisfy their standards. Fundamentally, smart shoppers have 4 unique traits in common: Loves variety Smart shoppers like to collect different product information from different brands before they make a decision or purchase. This lets them feel comfortable that they are able to make the right decision, especially for expensive major products. Therefore, they never buy on impulse. Seeks for quality but only willing to pay at a reasonable price They have this very strong desire to get the best quality product. They think that most of the time, top brands usually charge unreasonable prices. Various smart shoppers put the time to study the product, look for detailed information, and also seek other’s feedback. You will sometimes see them at the grocery stores carefully reading the product information of each brand. They will not put a product in their cart unless they read the description. Never afraid to explore Smart shoppers have this consistent eagerness to explore different products in the market. They are not afraid to try something new as long as it meets their expectations and standards. They think that because of competition, brands are producing better and better products in the market. Compare to Save They never miss comparing products before making a final decision. They believe that through comparing, they…

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Pinoy Peso Hero Podcast Season Finale

Welcome to the season finale of Pinoy Peso Hero. Hosted by Aya Laraya of Pesos and Sense, our Pinoy Peso Hero explained how technological advancements changed how people use and make decisions towards money. Through technology, people now have easier and faster access to many useful resources like different website platforms, mobile banking apps, software, etc. MoneyMax.ph is a financial comparison website where you can compare different financial products like car insurance, credit cards, and personal loans. Thus, helping you find the best financial product for you. Our team would like to thank you for all the support to our Pinoy Peso Hero podcast. With the goal of creating more financial awareness for Filipinos, expect that MoneyMax.ph will come up with more exciting projects!

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Discover how happy these customers are from Rapide Baesa Town Center

In order for us to decide which product or service we will avail, we often look for testimonials from our friends or on the internet. This is a very good way to ensure that the product you will avail is trusted by others and you are secured with your decision. This is applicable when selecting which auto service provider you will get since this a big factor as they are the key to help you maintain and preserve your car. Rapide Baesa Town Center offers both quality service and value for money which is a great alternative for expensive casa repair shops. Here are some of the happy customers from Rapide Baesa Town Center: Hands-on service This branch is highly recommended! The owner is really accommodating and hands-on, such a great service. He also has the nicest staffs. Thank you so much, Sir Henry Tan and the rest of the team for a very very good service. Sa uulitin Sir! I will definitely come back for my car’s PMS. – Rhej EsquiLona A burning passion for excellence This branch deserves to be spared from previous Horror Stories happened to other early branches there is. Calling the Attention of #Rapide Center Owners: You could learn a thing or two from this young branch. They keep their passion burning. I personally thank Mr. Henry Tan for being professional and hearing us out. Please continue to live up what true Rapide Service should be. Thank you. -Christian Fernandez Free tutorials offered Everyone is very accommodating! Free tutorial from the big boss all the way to the crew! Highly…

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Pinoy Peso Hero Episode 6

Play it here! Our Pinoy Peso Hero Episode 6 aims to elucidate simple dynamics of personal loans that we need to know as well as Filipino common mistakes towards loans and how can we further improve on them. Pinoy Peso Hero is hosted by Aya Laraya, one of the country’s well-known financial advocates. Aya Laraya shared some useful insights about the topic which aims to help Filipinos to improve their personal financial knowledge specifically about personal loans in this episode. Thank you for listening!

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Save 50% on your car maintenance with Rapide Baesa Town Center

Car maintenance is a very important factor in preserving the performance of your car, securing you and your family’s safety, and maintaining your car’s market value. Most of the brand new car owners go to casa auto service centers for monthly maintenance of their cars. Casa auto service centers offer quality services but can be quite expensive. If you want to save more from your hard-earned money, you might want to search for other options. The question is, are you sure with the quality of the service? Rapide Baesa Town Center[1] knows the importance of maintaining the performance of the cars and believes in both world-class quality service and affordability. They want to ensure that their customers are happy and satisfied with their service and offer a very affordable price where you can save up to 50%. Here are some of the great advantages in selecting Rapide Baesa Town Center: Read more: 10 Tips on How to Take Care of Your Car While in Quarantine Professional Workmanship They have a pool of experienced experts with a promise of professional workmanship. Their technicians are trained based on the standards of Midas International, the largest quick auto service chain in the US and Europe. Also, their technicians are all certified and passed the NC II requirements and they only hired those with CASA Experience. Certified Spare Parts They only render high quality and genuine spare parts for delicate components of their client’s car. Free Best Safety Inspection Rapide Baesa Town Center provides free safety inspection to vehicles that we service to ensure all…

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Pinoy Peso Hero Episode 5

Listen here: Our Pinoy Peso Hero Episode 5 talks about common questions about peso-dollar exchange rate and its impact to the economy and individuals. Aya Laraya shared and explained the basic dynamics about exchange rate. Consequently, there are some surprising facts about the exchange rate that most Filipinos are not aware of. Watch out for Pinoy Peso Hero Episode 6 next week. Thank you for listening!

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Pinoy Peso Hero Podcast Episode 4

Play it here: Our Pinoy Peso Hero Podcast Episode 4 talks about the most common Filipino financial mistakes which can be considered as part of the Filipinos. Aya Laraya shared some useful insights and solutions on how to avoid financial mistakes and set the right attitude and behavior towards our hard-earned money. Thank you for listening!

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Money Tips from the Richest Men in the Philippines

Filipinos are all familiar with the big names of business tycoons and how successful they are today. However, not all people heard about their life stories before they attained their huge success in life. By examining the life stories of some of these richest men, you will learn a lot of inspiring things to them especially, in money matters. Henry Sy Believe it or not, Henry Sy’s story was a ‘rags to riches’ kind of tale. Sy was born in China, he was not born rich. Wanting to escape poverty, Sy followed his father to the Philippines only to find out his miserable state in another country. Determined and inspired to become successful, Henry worked hard day and night to provide for his needs. After a series of failures in his business, Henry Sy stood back up and persevered to attain his goal and he is now the richest man in the country. According to Sy, there is no such thing as overnight success or easy money. If you fail, don’t be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: It is a combination of hard work, good credit standing, opportunity, readiness, and timing. Success will not last if you do not take care of it. You have to dream, whether big or small. Then plan, focus, work hard and be very determined to achieve your goals. -Henry Sy Lucio Tan Lucio Tan was born in China’s Fujian province. He worked his way through college studying Chemistry but quit before graduating,…

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Breathtaking and Budget-Friendly Destination: Tibiao, Antique

If you want a sweet escape from all the stress of the busy streets of the metro, it’s always a good idea to take a deep unwinding moment with nature. After all, we all need to relax every now and then to keep our mind and body healthy and be productive at work. There are a lot of travel destinations but it’s important to choose the best destination that fits your taste and can bring value for your money. You don’t always need to spend that much just to experience awesome things.   Have you heard about the hidden beauty of Tibiao, Antique? With only 1 travel destination, you can enjoy different awesome adventures! Here are some of the adventures you may try! Kawa Hot Bath Take a deep breath, relax and enjoy the Kawa Hot Bath. Contrary to the traditional bathtub, Kawa Hot bath uses a large wok used for cooking muscovado (a type of sugar). It is filled with water poured with aromatic herbs then blazed by firewood! Bugtong Bato Waterfalls Bugtong Bato Waterfalls is a seven-tiered waterfalls located at Brgy. Tuno, Tibiao. Once you reached the Brgy. Tuno, you have to trek for about 1.5km which would take for about 40 minutes. Presently, only 3 falls are accessible since there is no trek yet for the other 4 falls. You may enjoy swimming in the lagoon and experience waterfall massage from the waterfall’s current. White Water River Kayaking For those who enjoy the extremes, you can go challenge yourself and go Kayaking. The Tibiao river is considered…

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Meet the Most ‘Kuripot’ Billionaire in the World

In an economic perspective, when an individual’s income raises, the cost of his lifestyle will also raise. Nevertheless, not for this billionaire.  He is arguably the world’s greatest stock investor but also probably the most frugal person you will ever meet. His name is Warren Buffett. Started from his humble beginnings when he was young, as Schroeder notes, Buffett immediately set to work making money with the most traditional of hustles — dutifully delivering newspapers. Now, Buffett is the Chairman, CEO and, largest shareholder of Berkshire Hathaway. He is also consistently ranked among the world’s wealthiest people. Here is the list of the 20 wealthiest Americans and Buffet ranks second next to Bill Gates. However, you won’t believe how frugal Buffett is. He has lived in the same five-bedroom Omaha, Nebraska home since 1958. He bought it for just $31,500 — the equivalent of roughly $255,000 today. Although buying a lavish home in a wealthy neighborhood can be tempting at times, buying a modest and comfortable home like Warren Buffett will free up extra money you can use to build your savings and retirement accounts, or even invest. Photo of Buffet’s house at Omaha, Nebraska In his office, Buffett doesn’t keep a computer on his desk, and he chooses to use a flip phone rather than a smartphone. According to Business Insider‘s 15 Frugal Billionaires Who Live Like Regular People, Buffett doesn’t have a yacht or other common luxury things billionaires own.  He once said, “Most toys are just a pain in the neck.” At his annual shareholder’s meeting in 2014,…

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