All Articles With Author : Mayee Gonzales

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

Beginner’s Handy Guide to BPI Credit Card Application Online

Thinking of applying for a BPI credit card? You’re in luck because you can conveniently submit your BPI credit card application online. That’s right! No need to go outside to submit a BPI credit card application. As long as you have all the required documents ready, the entire credit card application can be completed in just a matter of minutes. Learn how to do it through our step-by-step guide. BPI Credit Card Application: How to Apply for a BPI Credit Card Online 1. Check Your Eligibility Before submitting an application, make sure you’re eligible for a BPI credit card. Below are BPI’s eligibility criteria for credit card applications: At least 21 years old Philippine resident or Filipino citizen Earning at least PHP 180,000 per year Have a business or residence contact number Home or business address must be within a 30km. radius of a BPI or BPI Family Bank branch or Provincial Business Center 2. Review the BPI Credit Card Requirements Have the following documents ready before submitting your BPI credit card application. BPI Credit Card Application Requirements Filled-out application form together with the following documents: đź“Ś For employed: Government-issued ID Photocopy of latest BIR Form 2316 Certificate of Employment (COE) and latest payslips đź“Ś For self-employed: Government-issued ID Latest Audited Financial Statement with BIR or bank stamp Latest Income Tax Return with BIR or bank stamp đź“Ś For foreign residents: Passport Alien Certificate of Registration and  Work Permit or Embassy Accreditation Papers Read more: Applying for a Credit Card? Prepare These Credit Card Requirements First 8 Credit Cards with…

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Don’t Miss It! Get Free Apple AirPods from Moneymax

Do you still use cash every time you shop? Make payments more convenient and rewarding with a new Citi credit card!  If you’re still looking for the right one, then we have a great offer for you.  Get FREE Apple AirPods worth PHP 9,490 when you apply and get approved for any Citi credit card on the Moneymax website! Hurry and apply today! This Moneymax Apple AirPods promo runs until August 14, 2021 only. Per DTI Fair Trade Permit No. FTEB-124657. Series of 2021. For full Terms and Conditions, click here. Apple AirPods gift is exclusively from Moneymax and is only valid to new Citibank customers. Promo is valid to all Philippine residents. Get the right Citi credit card for you! To learn more about the Moneymax Apple AirPods promo, see the FAQs section below.  Compare and apply for a Citi Credit Card âś… Citi Credit Cards Features & Benefits Citi Simplicity+ No annual fees forever! No late payment fees No overlimit fees Get 10% interest back when you pay at least the minimum due Monthly income requirement: PHP 20,833 Citi Rewards Card 3x points on online, shopping, and dining transactions Non-expiring points! Use anytime, anywhere. Monthly income requirement: PHP 20,833 Citi Cash Back Card 6% cash back on supermarket purchases 2% cash back on monthly bills Save as much as P12,000 per year Monthly income requirement: PHP 20,833 Citi PremierMiles Earn 1 PremierMile for every PHP 30 spend Free travel insurance coverage up to PHP 1 million VIP access at select lounges worldwide Monthly income requirement: PHP 30,000 Citi…

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Simple Steps on How to Get PhilHealth ID

Before claiming any PhilHealth benefits, members have to provide their Member Data Record (MDR) and/or PhilHealth ID. The latter, however, is often overlooked by PhilHealth members even if one can easily get the ID without charge. After all, you usually only need to provide your membership number for most transactions. Apart from having a valid ID that you can use for government and non-government transactions, owning an ID from PhilHealth also allows you to maximize your PhilHealth contributions. More importantly, Filipinos should know and have their PhilHealth Identification Number (PIN) ready, as it is now a requirement prior to receiving the COVID-19 vaccine.[1] It will also be required to claim benefits should you get sick with COVID-19 or if you experience adverse reactions from the COVID-19 vaccine. Thus, it’s important to know how to get PhilHealth ID number. In case you’re one of those members who don’t have the ID yet, here are the steps for getting one. How to Get PhilHealth ID Be a PhilHealth Member First If you are currently employed in a private company, expect your HR officer to accomplish your PhilHealth membership and provide you with an ID. However, unemployed and self-employed individuals need to register as a “Voluntary Member” and then apply to get a PhilHealth ID card. PhilHealth Requirements for Membership The following are the documents that you need to prepare and submit at any PhilHealth Local Insurance Office (LHIO). These are also the PhilHealth ID requirements for unemployed and self-employed individuals. Two accomplished copies of the PhilHealth Member Registration Form (PMRF)[2] Two latest 1Ă—1…

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Get a Chance to Win a PlayStation 5 from Moneymax!

Thinking of applying for a credit card? Now is the best time to do it! Because when you apply and get approved for a Citi credit card via Moneymax, you get a chance to win 1 of 3 PlayStation 5 units. Yes, it’s a free PS5 giveaway! Non-raffle winners can choose between PHP 2,000 GCash or a Razer Cynosa Lite Gaming Keyboard. Hurry and apply today! Promo runs until July 11, 2021 only. Per DTI Fair Trade Permit No. FTEB-122803. Series of 2021. For full Terms and Conditions, click here. Gift is exclusively from Moneymax and is only valid to new Citibank customers. Promo is valid to all Philippine residents. For GCash terms and conditions, click here. For Razer Cynosa Lite terms and conditions, click here. Compare and apply for a Citi credit card below to enter our free PS5 giveaway. To learn more about the Moneymax x Citi PS5 raffle promo, see the FAQs section.  Citi Credit Cards Features & Benefits Citi Simplicity+ No annual fees forever! No late payment fees No overlimit fees Get 10% interest back when you pay at least the minimum due Monthly income requirement: PHP 20,833 Citi Rewards Card 3x points on online, shopping, and dining transactions Non-expiring points! Use anytime, anywhere. Monthly income requirement: PHP 20,833 Citi Cash Back Card 6% cash back on supermarket purchases 2% cash back on monthly bills Save as much as P12,000 per year Monthly income requirement: PHP 20,833 Citi PremierMiles Earn 1 PremierMile for every PHP 30 spend Free travel insurance coverage up to PHP 1 million…

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Get Free ₱2,000 Foodpanda Vouchers from Moneymax!

Paying for groceries, bills, and other essentials should be hassle-free. It should also be safe and secure, especially now that we’re facing a pandemic. And what better way to do this but by using a credit card? If you’re still looking for the right one, apply for a Citi credit card through Moneymax and get Foodpanda vouchers worth PHP 2,000! You can use your free Foodpanda vouchers to pay for any merchant in the Foodpanda mobile and desktop applications. This promo is exclusively from Moneymax and is only valid to new Citibank customers. Hurry and apply today! Promo runs until May 31, 2021 only. Per DTI Fair Trade Permit No. FTEB-117308 Series of 2021. For full Terms and Conditions, click here. Get the right Citibank credit card for you. Compare features and fees below: Citi Credit Cards Features & Benefits Citi Simplicity+ No annual fees forever! No late payment fees No overlimit fees Get 10% interest back when you pay at least the minimum due Monthly income requirement: PHP 20,833 Citi Rewards Card 3x points on shopping and dining transactions Non-expiring points! Use anytime, anywhere. Monthly income requirement: PHP 20,833 Citi Cash Back Card 6% cash back on supermarket purchases 2% cash back on monthly bills Save as much as P12,000 per year Monthly income requirement: PHP 20,833 Citi PremierMiles Earn 1 PremierMile for every PHP 30 spend Free travel insurance coverage up to PHP 1 million VIP access at select lounges worldwide Monthly income requirement: PHP 30,000 Citi Prestige Card Earn 5x rewards points on shopping, dining, and overseas…

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Best Credit Cards for Gadget Shopping in the Philippines

Planning to buy gadgets anytime soon? Paying in cash for large purchases is great, but it would take months (or even years) to save up for a mid-range or high-end gadget that could cost more than your monthly salary. This is why using a credit card to pay for big-ticket items such as mobile phones, laptops, cameras, and speakers makes a sensible choice. It lets you rack up more rewards points and make your payments more manageable. Here’s a simple guide to help you find the best credit cards for electronics. 4 Features to Look for in a Credit Card for Electronics 1. 0% Installment Plan Having a credit card that offers flexible installment terms at 0% interest make payments easier on the budget. Instead of being charged the full price for the next billing cycle, you may have it divided into more affordable installments over a period ranging from three to 36 months. 2. Offers Generous Rewards It’s easy to maximize credit card rewards if you use your card mostly for large purchases such as smartphones, tablets, cameras, and laptops. So get a card that lets you earn rewards points for every purchase you make. 3. Free Purchase Protection Insurance A useful credit card feature, purchase protection insurance gets you covered when a gadget you bought using your card is stolen or accidentally damaged within 90 days from the date of purchase. 4. Credit Card Promos for Gadget Purchases Every now and then, credit card providers offer exclusive promos such as discounts, rebates, freebies, and extended warranties to cardholders….

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Grow Your Venture with the Best Credit Cards for Business

For entrepreneurs, credit cards for business is not just an option but rather a necessity. Whether you’re a freelancer, online seller, or solopreneur with several employees, there’s a card that best meets your needs for managing your business finances. Here’s everything to know about business credit cards in the Philippines and how to find the perfect card for your venture. Why Get a Credit Card for Business? Having a business credit card allows you to conveniently pay for various costs—like equipment purchase, accounts payable, and more—without using cash or issuing a check. When you need to pay with cash, you can use a card as a source of credit instead of getting a loan. Access to cash is faster with a credit card than a business loan. Also, you get to borrow only what you need when you use a credit card specifically for business. The best advantage of credit cards for business is how it makes tax preparation and filing more convenient. With a dedicated credit card, you can keep your personal and business expenses separate. It’s easier to compute your income tax that way. You may also deduct from your tax the interest and other credit card fees as part of your business expenses. How to Choose the Best Credit Card for Business Determine What You Spend the Most on Perks such as credit card rewards and cashback vary from one card to another. Choose a business credit card that rewards you the most on the types of purchases and payments you often make. For example, some credit…

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Get Free ₱2,000 GCash from Moneymax!

Go cashless in the new normal with a credit card that suits your lifestyle and needs. Still looking for the right one? Get one from Citibank through Moneymax and receive GCash worth PHP 2,000 upon approval! Use your GCash to pay bills, send money, and buy load and other purchases. Your GCash is also withdrawable as cash. This promo is exclusively from Moneymax and is only valid to new Citibank customers. Hurry and apply today! Promo runs until February 28, 2021 only. Per DTI Fair Trade Permit No. FTEB-113006 Series of 2021. For full Terms and Conditions, click here. Get the right Citibank credit card for you. Compare features and fees below: Citi Credit Cards Features & Benefits Citi Simplicity+ No annual fees forever! No late payment fees No overlimit fees Get 10% interest back when you pay at least the minimum due Monthly income requirement: PHP 20,833 Citi Rewards Card 3x points on shopping and dining transactions Non-expiring points! Use anytime, anywhere. Monthly income requirement: PHP 20,833 Citi Cash Back Card 6% cash back on supermarket purchases 2% cash back on monthly bills Save as much as P12,000 per year Monthly income requirement: PHP 20,833 Citi PremierMiles Earn 1 PremierMile for every PHP 30 spend Free travel insurance coverage up to PHP 1 million VIP access at select lounges worldwide Monthly income requirement: PHP 30,000 Citi Prestige Card Earn 5x rewards points on shopping, dining, and overseas spend Unlimited access to VIP airport lounges Dedicated customer service hotline Monthly income requirement: PHP 83,333 Citi Grab Card Earn up to…

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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. 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 globe [1]. Electronic Banking in the Philippines Before we discuss ATM withdrawal fees in the Philippines, let us first identify the networks that provide online facilities to banking corporations and debit cardholders in the Philippines. At present, there are three major bank consortia namely Bancnet, Megalink, and Expressnet. Bancnet Bancnet is the largest electronic banking network in…

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Get GrabPay Credits Worth P2,000! Exclusive Moneymax x Citibank Offer

Thinking of applying for a Citibank credit card? Don’t procrastinate because the best time is now! Apply and get approved for any Citibank credit card through Moneymax and get FREE GrabPay credits worth P2,000. This promo is exclusive from Moneymax and is valid to new Citibank customers only. To qualify, your Citibank credit card application must be made through the Moneymax website. Promo runs from August 7 to August 31, 2020. Per DTI-FTEB Permit No. 103182, Series of 2020. You may review the full Terms and Conditions here. Choose the right Citibank Credit Card for you CITI CREDIT CARDS FEATURES & BENEFITS CITI SIMPLICITY + Monthly income requirement: PHP 20,833 No annual fees forever! No late payment and overlimit fees Interest rate: 3.50% CITI REWARDS CARD Monthly income requirement: PHP 20,833 3x points on shopping and dining transactions Non-expiring points! Use anytime, anywhere. Interest rate: 3.50% CITI CASH BACK CARD Monthly income requirement: PHP 20,833 Up to 6% cash back on all purchases Save as much as P12,000 per year Interest rate: 3.50% CITI PREMIERMILES Monthly income requirement: PHP 30,000 Earn 1 PremierMile for every PHP 30 spend Free travel insurance coverage Interest rate: 3.50% CITI PRESTIGE CARD Monthly income requirement: PHP 83,333 Earn 5x rewards points on shopping and dining Unlimited access to VIP airport lounges Interest rate: 3.50% SHELL CITI CARD Monthly income requirement: PHP 20,833 5% rebate on Shell fuel purchases 5% rebate on car repairs and accessories Save as much as PHP 10,000 per year Interest rate: 3.50% MERCURY DRUG CITI CARD Monthly income requirement: PHP…

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The Benefits of Going Paperless with Moneymax

We’ve gone paperless!  We know that a lot of people still prefer the traditional way of doing business, which is to receive and sign documents on print. However, we believe that going paperless is beneficial not only for you, our dear client, but for the environment as well. What does this mean? This means that Moneymax will start issuing policy documents on soft copy. We have been doing this for quite a while but we wish to eliminate all kinds of printed insurance documents in the long run. What does it mean for Moneymax clients? Just a few things, really. All of our car insurance clients will automatically receive e-policies sent by their comparison advisors through email Remember that e-policies are as good as printed insurance documents. Your insurance provider will recognize your claim even if you don’t have a hard copy of your policy. Hard copies are by request only. Just inform your advisor if you really prefer to have one. Read more: AFPGEN Signs Motor Car Insurance Partnership with MoneyMax.ph Malayan, Philippine Leader in Non-Life Insurance, Partners With Online Broker Moneymax Prudential Guarantee Strengthens Auto Insurance Program Through Partnership with Moneymax Sounds good. But what are the benefits? A lot. It’s good not only for you but for the environment, too. Check out our infographic below. Do you have any questions? Confused on how paperless works? Feel free to send us a message on Facebook or email us at max@moneymax.ph. We’ll be happy to assist you. Mayee GonzalesMayee is an experienced writer, editor, and content strategist. She enjoys…

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What is a Solo Parent ID and How Can I Get One?

This article was published on June 29, 2018 and was updated on March 13, 2020. There are over 20 million solo parents in the Philippines. With a growth rate of 30.5% from last year, the Federation of Solo Parents expects the population to upsurge this year. There are many reasons for being a solo parent—some unfortunate, some touching. Whatever the reason is, it is important to recognize the efforts of such parents. Fortunately, the government has enacted laws to do just that. One of them is the Solo Parent ID. What is it and how can it benefit solo parents like you? Read on below to find out. What is a Solo Parent ID? A Solo Parent ID is a government-enforced ID for solo or single parents in the Philippines. Solo parents who carry such ID can enjoy certain government discounts and benefits. Who Can Apply for a Solo Parent ID? Any single parent in the Philippines can apply for a Solo Parent ID. According to Republic Act No. 8972 [1] or the Solo Parents’ Welfare Act of 2000, a single parent is: 1. A woman who gives birth as a result of rape and other crimes against chastity even without a final conviction of the offender, provided that the mother keeps and raises the child. 2. Parent left solo or alone with the responsibility of parenthood due to the following circumstances: Death of spouse Spouse is detained or is serving sentence for a criminal conviction for at least one (1) year Physical and/or mental incapacity of spouse as certified…

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Complete List of LTO Branches in Metro Manila

You’re probably familiar of the Land Transportation Office or LTO. Branched under the Department of Transportation and Communication, LTO is the agency responsible for all forms of land transport, along with the implementation of transportation laws, rules, and regulations. This is also where car owners register their vehicles and where drivers can apply for and renew their licenses. In addition, the LTO files and handles complaints made against other motor vehicle owners and operators in the Philippines. Since the LTO handles numerous transactions everyday, the agency decided to put up branches on multiple cities nationwide. If you need to process a complaint or renew your driver’s license, below is a list of LTO branches in Metro Manila to go to. LTO Branches in Metro Manila LTO Navotas Address: Gen. Gas Plant Bldg., Fishport Complex, North Bay, Navotas City Contact Number: (02) – 8283-3510 Director: Arnaldo O. Oliveros Located within the Fishport Complex, the Navotas district office of the LTO is where most truck operators and drivers typically head to. If this happens to be the branch closest to you, expect plenty of people on any given day. LTO Mandaluyong Location: 121 Shaw Boulevard, Mandaluyong City Director: Noel D. Batolina Contact Number: (02) 8532-2726 This satellite office happens to be in the middle of Shaw, so expect traffic from this side of the metro. Like all other LTO branches, requests for licenses and renewal can be done here. LTO National Capital Region (NCR) Location: Gregorio Araneta Ave, Quezon City Contact Number: (02) – 8711-2805  Director: Ricardo L. Tan Given the sheer size of the National…

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A Commuter’s Guide to LRT-1 Stations

The Manila Light Rail Transit System Line 1 (LRT-1) is one of the major public transportation systems in the Philippines. Launched in December 1984, the line consists of 20 stations, linking the cities of Pasay, Manila, Caloocan, and Quezon City. Serving more than 800,000 passengers each day, the government is planning to extend the rail line and buy more train wagons to keep up with the growing number of commuters in Metro Manila. Discover and be familiar with LRT-1 stations to help you with your daily commute. List of LRT-1 Stations Baclaran Baclaran is the first station of the LRT-1. Located in Pasay, the terminal sits at the center of Baclaran Market, making it one of the busiest LRT-1 stations in the metro. It is also a transportation hub serving buses from Las Pinas, Paranaque, and Muntinlupa. Nearby landmarks: Baclaran Flea Market Baclaran Redemptorist Church Coastal Mall Blue Bay Walk City of Dreams Solaire Resort and Casino EDSA Named after historian Epifanio de los Santos, EDSA is a known transfer point for commuters taking the MRT line. It is close to many provincial bus terminals such as Victory Liner and Philtranco, heading to Northern Luzon and Southern Luzon respectively. Nearby landmarks: Metropoint Mall Saver’s Square SM Mall of Asia Heritage Hotel San Juan de Dios Hospital Manila Tytana College  Read more: Are You a Commuter? Here’s Your Guide to Every MRT Station Being a Commuter or Moving Close to Work—Which One Should You Choose and Why? Guide to BGC Bus Routes: How to Conveniently Commute to BGC Libertad Also known…

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Moneymax’s Parent Company, CompareAsiaGroup, Raises $20M in Experian-led Series B1 Investment

CompareAsiaGroup[1], Moneymax’s parent company, welcomes Experian[2] as a new investor, leading the latest US$20 million first close of our Series B1 round of funding alongside a strategic partnership. What is Experian? Experian is the world’s leading global information services company. They empower consumers and their clients manage data with confidence. They help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime. Experian operates across 39  countries. They are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. What does this mean for us? CompareAsiaGroup’s position as one of the leading online financial marketplaces in Asia makes it an ideal partner for Experian as both companies have a shared mission to improve the financial lives of consumers. Apart from the funding, CompareAsiaGroup and its subsidiaries in four markets (MoneyHero[3] in Hong Kong, SingSaver[4] in Singapore, Money101[5] in Taiwan, and MoneyGuru[6] in Thailand) will benefit from utilizing Experian’s technology, particularly Experian One, Experian’s cloud-native platform. This will deliver access to Experian’s Digital Onboarding Platform, Decision Management, and Eligibility Scoring services. With this, CompareAsiaGroup is able to intensify its focus on providing enhanced customer solutions. CompareAsiaGroup CEO, Sam Allen shares: This partnership further strengthens our ability to empower people to build healthier financial lives, a shared mission for both CompareAsiaGroup and Experian. We look forward to connecting more customers with the right products, especially consumer loans and cards, and offering a secure and integrated digital experience…

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5 Years of Moneymax with Michael Benavidez

In the past five years, Moneymax has helped millions of Filipinos compare and choose the right car insurance, credit card, and loan. Our goal is to make the number bigger in the next five, 10, or even 30 years. While doing this, we ensure that you, our client and reader, receive the best service and website experience possible. We take pride in having dedicated teams for dedicated needs, whether it be for getting insurance or comparing cards. In this three-part series, we are happy to interview one of our clients, Michael Benavidez. Michael, who is a retired US Navy personnel, has been getting insurance from Moneymax for three years. Know his story and how we were able to help him below. Read more: 5 Years of Moneymax with SGI Philippines Hi, Michael! How did you learn about Moneymax? When I purchased my car, it came with insurance already. So after a year, I was asking around for a renewal, a nice and good one for me because I’m very particular. However, asking wasn’t getting me anywhere. So I checked online and Moneymax had my attention by having the insurance companies being compared with.  How did Moneymax help you get your car insurance? Moneymax gave me the sense of having an insurance that would fit my budget and would give me the sense of security for my family. Over here, getting insurance is an option as compared to the US where it is a requirement. Having a car there is not a luxury but more of a necessity. Insurance is a…

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5 Years of Moneymax with SGI Philippines

“Helping Filipinos live healthier financial lives” is the ideal that Moneymax lives by. For five years we’ve been working hard to improve our platform and services to help you find the right car insurance, credit card, and loan. We do this by helping you compare products from insurance companies and banking institutions. However, presenting these products isn’t as easy as 1-2-3. To ensure that you get the best deals, we work with such companies so they can give you the best offers through the Moneymax site. For this we are grateful and looking to expand our list of partners. As we celebrate five years of Moneymax, we spoke with one of our first car insurance partners, SGI Philippines, as represented by their General Manager Farhat Hussain. Read on our short interview below and learn how Moneymax partnered and grew with the company. How long have you been working with Moneymax? How did the partnership begin? SGI Philippines has been working with Moneymax since 2015. It was logical for SGI and Moneymax to work together given the kind of business we are in. However, our offices being next to each other played role of a catalyst in the beginning of the partnership. How is it like working with Moneymax? How can you describe your company’s relationship with us? Moneymax has been appreciative of SGI’s business philosophy. Our relationship is very mutual. How did Moneymax help SGI grow? Moneymax, with its existing volume of business has significantly helped SGI in growing its business. Up until now they are contributing to our business…

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5 Years of Moneymax with Warlough

A business, no matter how big or small, won’t be successful without its employees. Employees make businesses function, which is why it’s only important to recognize their hard work. This is one of the many things that Moneymax’s highlights over the years. We are grateful for our employees who helped us grow and succeed in the past five years. One of them is our Sales Manager, Warlough Madali. Also known as “Sir War” in the office, Warlough has been with Moneymax ever since it was established in the Philippines. From starting with a team of 10 to now a team of 100, Warlough stood by Moneymax, helping the company improve its services on the car insurance side. In this short yet sweet interview, know more about Warlough’s beginnings and successes not only as a Sales Manager but also as an entrepreneur. Read More: #ThriveAtFive: Moneymax Kicks Off 5th Anniversary Celebration What is your Moneymax story? How did you hear about the company and how did you get the job? I was currently employed when I received a call from Moneymax. I was asked to join the sales team which they were still trying to build that time. In the past years you’ve been with Moneymax, what achievements were you part of? I was part of most achievements of the company. From building the website, expanding teams, adding systems, and many other firsts. First customers and first radio and newspaper appearances, among many others. What’s the best thing about working with Moneymax? The best thing about working with Moneymax is that…

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5 Lessons We Learned in 5 Years

Moneymax is five years old and we’ve changed, definitely not for the worse, but for the better. In the past five years we’ve served more than 12 million Filipinos, helping people like you lead a healthier financial life. It wasn’t that easy, though. We made mistakes, faced challenges, and learned how to deal with them to grow and improve our services. As we celebrate our anniversary, we spoke to five Moneymax employees–all from different departments–and asked them about the greatest Moneymax lesson they’ve picked up in the past years. See them below and learn a thing or two from our insights. “Prioritize the consumers above anything else.” Anz Baldemoro Senior Account Executive & Training Specialist Anz, who has been with Moneymax for more than four years works with our clients every day. He shares that “Hearing clients say ‘Thank you for your help!’ is more than the recognition or the title that you will get inside or outside of the company.” We agree. “It’s important to step out of your comfort zone.” Tara Samson Social Media Specialist Tara, the lady behind our punny and engaging social media posts, shares that in five years she learned that “You push yourself in unfamiliar places to do things that you wouldn’t normally do. Whether they turn out to be a successful project or not, there would always be another eureka moment and it would always be a fun and insightful experience.” “A small change can have a big impact.” Anton Bonev Product Manager Anton plays a huge part on the development of our website….

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How Millennials Can Prepare for Financial Independence

Financial independence seems to be on everyone’s mind. People long for the day that they can earn enough to afford pursuing their dreams; from starting their own family to starting their own business. However, this reality may not be as far off as it first appears. Here are a few tips that can help you prepare for financial freedom. Keep Track of Your Spending Take the time to record and review your spending. This practice will help you see where your money is going and ensure that you are aware of any unnecessary costs that may have slipped by you. Financial independence can only arise once you make enough money to overcome the cost of your lifestyle. Additionally, you must factor in the costs you will incur as you move forward in life and begin pursuing greater goals. Avoid falling into financial difficulties by being aware of your spending habits. Get a sense of your consumption and saving patterns so that you can prepare accordingly. Build Good Budgeting and Saving Habits Once you understand your necessities, set a budget so that you won’t find yourself unwittingly overspending. Put the rest of your income into savings. You’ll be surprised to find just how much money you can gain with smart habits that can be redirected toward smart investments. Allocate a certain amount of money for your fixed expenses (those that are the same every month) and for your variable expenses (those that may fluctuate from month to month) each month. Continue to track your spending and adjust your budgeting until it…

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