All Articles With Author : Moneymax

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

Car Expenses List: The Cost of Owning a Car in the Philippines

It’s a common misconception among new car owners that car expenses will slow down once they have paid the down payment. However, the fact that cars come with recurring expenses will come as a shock sooner or later. Because some car owners have not anticipated this, they may get overwhelmed by the overheads until they find it difficult to cope. When this happens, new car owners may be inclined to think that their car is just a bad investment. While having a car is likely one of your biggest expenditures, there are many ways to cut back on costs without compromising your ownership or affecting the condition of your vehicle. To help you forecast and manage your expenditures, here’s a list of expenses for cars you’ll need to cover every year. It’s particularly helpful for new car owners who are still navigating this side of vehicle ownership. It All Starts with Buying a Car Before we factor in all the recurring costs, let’s start with a one-off expense―the down payment. For illustrative purposes, we’ll be using the Toyota Vios 1.3 Base M/T as our reference car throughout the article. The said Toyota model costs PHP 681,000,[1] and the down payment starts at 20%.  This means that you’ll need to pay PHP 136,200 upfront, which is already a big amount. But keep in mind that expenses will start coming in once you drive the car out of the dealership’s garage. Read more: Is It Better to Buy Car Parts Online? What are the Major Expenses for Cars I Should Plan for?…

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College Scholarships in the Philippines Parents and Students Should Know

Did you know that a student from Isabela recently received a scholarship from Duke University[1] in Durham, North Carolina? Edrian Paul Liao, a Philippine Science High School graduate, dreams of creating innovations combining technology with agriculture to help farmers like his dad. Edrian’s story can be every Filipino student’s story, too, if you start searching for the right scholarships in the Philippines. It’s interesting to know that there are scholarship programs for incoming college students in the Philippines. You need not look far for financial assistance to pursue your dreams because we’ve compiled as many scholarship grants as we can, both from government agencies and private institutions. What are the Available Scholarships in the Philippines for 2021? Government Scholarships for College Students in the Philippines CHED Scholarship 2021 The Commission on Higher Education (CHED) is currently accepting applications for scholarships and grants for SY 2021-2022 under the State Scholarship Program (Full Scholarship and Partial Scholarship) and Private Education Student Financial Assistance (PESFA). Deadline of application: August 15, 2021 Total benefits: PHP 120,000 for private colleges and universities PHP 80,000 for public colleges and universities Primary qualification: General weighted average (GWA) of 93% Other qualifications: Filipino citizens graduating from high school General weighted average (GWA): Full scholarship: 96% Half-merit scholarship: 93%-95% Must enroll in recognized priority programs in Private Higher Education Institutions (PHEI) or State Universities and Colleges (SUCs) or accredited Local Universities and Colleges (LUCs) with Certificates of Program Compliance (COPC) Parents of applicants must have a maximum combined annual gross income of PHP 400,000 (Solo parents and guardians annual…

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BPI eCredit Card: What Online Shoppers Must Know Before Getting One

No one can resist the appeal and convenience of online shopping. With just a few taps on your smartphone, you can get everything you need and want, from food to clothes and even iPhone cases. And what makes online shopping much easier is your credit card. If you want to upgrade your online shopping experience, now’s the time to get a virtual credit card. In this case, the BPI eCredit card is one of your best choices if you own a regular credit card from BPI or are planning to apply for one. Here’s a simple guide that will give you all the important things you need to know about this BPI virtual card. What is a BPI eCredit Card? The BPI eCredit Card is a virtual, intangible credit card exclusively designed for online shopping and transactions such as bills payments.[1] This virtual card works as a companion card to your existing physical BPI credit card. How Does the BPI eCredit Card Work? A BPI eCredit card works like a physical credit card, except that its details and credentials are stored online (specifically in the cardholder’s account on the BPI Mobile app). Its credit line is actually part of the main credit card. You can also think of the eCredit card as the middleman between you and the online shop you’re buying from. Whenever you buy something online, your eCredit card will pay for it. However, it will debit the payment from your main credit card’s credit line. Read more: 7 Reasons to Get a Credit Card in the New…

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Your Guide to Applying for a Motorcycle Loan in the Philippines

For many Filipinos, a motorcycle is an ideal mode of transportation. It’s significantly more affordable than cars, much easier to maintain, and it can navigate even the trickiest traffic jams. More importantly, it can also be a source of livelihood; a lot of motorcycle owners double as couriers or food delivery riders. Just this year, the production of motorcycles and scooters has gone up by 62%, from 209,670 units last year to 339,395 units this 2021.[1] This only shows how highly dependent on motorcycles Filipinos are. Are you planning to buy a motorcycle soon? If you haven’t saved enough or just don’t want to scoop some money from your bank account, consider getting a motorcycle loan. If this is your first time applying for such a loan, here’s a comprehensive guide to help you out. What is a Motorcycle Loan? A motorcycle loan is a type of loan that helps you finance your motorcycle purchase. It’s usually offered by banks and lenders and can be a secured or unsecured loan, depending on the lender. Just keep in mind that unsecured motorcycle loans may have much higher interest rates since you’re not using your motorcycle as collateral. Furthermore, you can use your motorcycle loan to buy either a brand-new or secondhand unit. If the loan proceeds have an excess, you can use the remaining amount to buy motorcycle accessories. Why Should You Get a Motorcycle Loan? There are many reasons that may convince you to apply for a motorcycle loan. Here are some of them: 1. The Application Process is Usually…

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Complete Guide to DFA Passport Appointment, Application, and Renewal in the Philippines

A Philippine passport is your ticket to the world. It’s the most important document you’ll need if you wish to study, work, or travel overseas. It’s also a powerful identification card that you can use in transactions with government and private offices. However, getting or renewing a Philippine passport through the Department of Foreign Affairs (DFA) can be tricky. DFA passport appointment slots are limited. Securing an appointment now feels like winning the lottery due to the shortage of slots in the online scheduling system. Things have become much more difficult during the pandemic. Because the DFA is limiting the number of applicants that can be physically accommodated, there have been backlogs, which in turn has delayed appointments and schedules. But a passport is a passport and we all need it to go overseas. Lessen the stress of getting a Philippine passport with our quick and easy guide. How to Get a Passport in the Philippines 1. Schedule a DFA Passport Appointment Online All Philippine passport applicants—whether for new application or renewal—must book an appointment with the DFA before going to one of its locations. Exempted from setting a DFA passport appointment are the following applicants who can go directly to the courtesy lane:[1] Children aged seven and below with their parents and minor siblings Pregnant women (with a medical certificate for those not visibly pregnant) Senior citizens with senior citizen ID and one immediate family member Solo parents with a solo parent ID and their minor children Persons with disabilities with PWD ID and one immediate family member OFWs with OFW…

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How Much Money Should I Save for a Child’s Education?

Have you started saving for your child’s future? If so, are you saving enough? To say that the cost of education in the Philippines is expensive is an understatement. Higher Education Institutions in the country increase their tuition and other fees by about 10% year-over-year.[1] However, financially preparing for your kid’s future is doable, if you do it early. You might think that tuition fees in the Philippines have become lower because students don’t go to school physically and are instead taking distance learning or online learning classes at home during the pandemic. However, this is not the case for most schools because other facilities like internet connection and equipment need to be upgraded to facilitate online classes. As we all look forward to the reopening of classrooms for face-to-face instructions, ask yourself: How much do I really need to prepare for my child’s education? The Differences Between Private Schools and Public Schools Knowing how much you need for your child’s education depends on your choice of school. Are you planning to enroll your kid in a private school? Or you’re looking forward to making them a part of the public school system? The rising cost of education in the Philippines depends on so many factors, including whether you’ll send your child to a private or public educational institution. To help you decide, here are a few of the similarities and differences between public and private schools in the Philippines that you must consider. Higher Tuition Fees in Private Schools Public schools don’t charge tuition fees while private schools do….

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Guide to Pawning Your Car Title Through Asialink OR/CR Sangla

Expenses never end, and sometimes, you may find yourself in a bind. It’s either your business requires additional funding or one of your parents needs financial assistance for their surgery. Sourcing quick cash can be difficult, especially when you’ve already exhausted your government loans and your relatives or friends are also short on money. But if you have a car, you may consider applying for a car title loan for cash. When it comes to pawning your car title, it’s best that you rely on reputable loan companies, such as Asialink Finance Corporation. Asialink’s OR/CR loan is definitely one of the best and most practical choices in the market today. Want to find out more? Check out this comprehensive guide to the Asialink OR/CR loan. What is Asialink OR/CR Loan? The Asialink OR/CR Loan is a type of collateral loan that requires borrowers to temporarily surrender their asset in exchange for cash.[1] In this case, the collateral is the car title (also called Official Receipt/Certificate of Registration or OR/CR). If you borrow money through a car title loan, the lender will release your vehicle’s OR/CR once you’ve fully repaid the loan. What are the Advantages of Asialink OR/CR Loan? The OR/CR loan from Asialink has four appealing features that may convince you to apply. 1. Your Car Stays With You While some car title loan companies require borrowers to surrender their car, Asialink does not. You’ll only be required to turn in your OR/CR. With that, you can still use your car. This feature is especially helpful for those who…

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Motorcycle Insurance in the Philippines: Guide to Insuring Your Bike

In 2020, the Metropolitan Manila Development Authority (MMDA) reported 229 fatal motorcycle accidents, a 3.5% increase from the number of cases in 2019.[1] About 198 riders were killed while 10,226 were injured. These figures only show that riding the motorcycle, while convenient, is also risky. Because two-wheel vehicles are prone to accidents, the need for motorcycle insurance in the Philippines couldn’t be underscored enough. Some believe that insurance policies like this are just an additional financial obligation. But they’re not! They are actually a layer of protection that will help you cover accident-related expenses, which will otherwise empty your wallet.  Here’s a simple guide that will help you understand and appreciate the importance of getting motorcycle insurance in the Philippines. What is Motorcycle Insurance? Motorcycle insurance works the same way other kinds of insurance do. Simply put, it’s a policy that will cover the repair or replacement of your bike in case it’s damaged or stolen. Depending on the type of coverage, it may also cover damage, personal injuries, and third-party injuries Is Motorcycle Insurance Required in the Philippines? Yes. Just like with cars, the Land Transportation Office (LTO) requires every motorcycle to have Compulsory Third Party Liability insurance or CTPL.[2] What Does CTPL Cover? Compulsory Third Party Liability (CTPL) insurance will cover only legal liability for bodily injury or death caused by the accident. This may protect you from certain liabilities that involve other people, but it will not cover you in case you get injured. This is why you should get the kind of protection that will protect…

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How to Get Quick Cash Through GDFI Car Title Pawning Loan

These days, you have many options for access to quick cash for your urgent needs. You can apply for a salary loan, borrow from a friend, or even sell personal items you’re not using anymore. But sometimes, you’ll need a bigger amount of money. It can be to pay for your hospital bills, for unexpected expenses at home or with your business, or to help a family member with their financial problem. If you’re a car owner, you can borrow a larger amount of money when you apply for a car title loan. One good option is the Sangla OR/CR Loan from Global Dominion Financing Incorporated (GDFI). Here’s what you need to keep in mind if you plan to apply for this car title loan. What is GDFI Sangla OR/CR Loan? GDFI Sangla OR/CR Loan is an affordable secured loan designed for Filipino vehicle owners. For those who are not familiar with them, secured loans are loans where you’re required to give some type of collateral as a condition for borrowing money.[1] In this case, the collateral will be the Official Receipt and Certificate of Registration (OR/CR) of your car, truck, or any other vehicle that you own. Before you apply for this GDFI car title loan, note that your vehicle’s OR/CR will stay with GDFI until you have fully paid off the loan. What are the Benefits of GDFI Sangla OR/CR Loan? There are many car title loans for cash programs and car pawning loans online. But GDFI’s car title loan is a standout because of the following: 1….

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The Richest K-Pop Stars: How Wealthy are They?

K-pop stars are not born―they are made. They start as trainees who will have to work hard every single day until their debut comes.[1] An idol is considered lucky if they’re given such a precious opportunity, so this may mean fighting tooth and nail to get that chance to debut.  The debut is a critical period in an idol’s life as it will set the tone for the rest of their career. If their debut is successful, the following years will definitely see a lot of albums, endorsements, concerts, and guestings coming in. And of course, all these will translate to―drum roll, please―money. Years of hard work have turned K-pop stars not only into global icons but also into multi-millionaires. Curious to know how wealthy your bias is? Check out this list of the richest K-pop stars and find out if your idol is here! 15 Richest K-Pop Stars and Their Net Worth If you’re a fan of these K-pop stars, then you probably have an idea how much they’re earning. Still, it’s quite shocking to know just how much money they make. 1. Park Jin-young Notable association: JYP Entertainment Net worth (in USD): 200 million Park Jin-young may not be actively performing under the spotlight these days, but he’s the richest K-pop star on this list. And his knack for discovering the next big thing in the K-pop scene should be credited for that. Park is the founder and co-CEO of JYP Entertainment, which is named after him. Started in the late ‘90s, JYP Entertainment has become one of…

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Newborn Checklist in the Philippines: Are You Financially Prepared to Get Pregnant?

A baby is always a blessing. But what if you’re not financially prepared to cover pregnancy and child-rearing costs? Given the rise in teenage pregnancy and the stricter implementation of health protocols, is it advisable to have a baby during a pandemic?  Learn more about the newborn checklist in the Philippines. Know the things you need to prepare before giving birth and find out the cost of having a baby in the Philippines as well.  OB-Gyne Check-up Cost Before Pregnancy Approximate cost: PHP 5,000 (depends on your potential health risks and frequency of doctor visits) Pre-pregnancy involves a few visits to the doctor. This will help identify medical issues that could affect your pregnancy so that you can take precautions and avoid complications. The doctor will ask about your pregnancy history (if any), medical history, current health issues, diet, lifestyle, and medications or supplements you’re taking. During these consultations, you can also ask about staying safe during the pandemic and even share your mental health concerns.  These pre-pregnancy consultations are not mandatory except for women 35 years and older who have the following conditions: Underweight or overweight High blood pressure, or heart or kidney disease Sexually transmitted infection Chronic conditions, like diabetes, lupus, or HIV/AIDS At the risk of having a child with birth defects or a genetic disorder Have a history of miscarriages, stillbirths, or premature births Read more: Signs You’re Financially Ready for a Baby Newborn Checklist in the Philippines 2021 (Plus Costs During Pregnancy) The total cost during pregnancy and a baby’s first year ranges from PHP…

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10 Best Shops for Car Customization in the Philippines

When you were a teenager, you might have drawn this incredible scenario in your head where Xzibit and his Pimp My Ride crew came knocking on your door. They excitedly told you that they would upgrade your dad’s clunker.  Such pipe dreams didn’t end there. Because you were also constantly exposed to the capers of the Fast & Furious franchise, you might have even dreamed of becoming part of Dom Toretto’s team, being their getaway driver, and maneuvering one of those modified autos. But who says driving a modified car will only remain a daydream? You can actually find a lot of car modification shops that will help you upgrade the look, feel, and function of your car. They can turn your plain-looking auto into something worthy of being at a car show. Listed below are 10 shops that offer  the best car customization in the Philippines. 10 Best Shops for Car Customization in the Philippines If you’re looking for the best car custom shop in the Philippines, you came to the right place. Here are ten of the best options for car custom shops in the metro. 1. Alex Restoration Your grandfather’s old clunker is the reason that the new Audi is chock-full of bells and whistles, so why not show it some love and get it back into shape? Alex Restoration is the perfect place to get that done. Originally a smaller business committed to the rescue and restoration of classic cars, This shop for car customization in the Philippines has since grown into one of the best…

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Detailed Guide to Choosing an Internet Provider in the Philippines

Times have changed. COVID-19 has transformed even the online landscape. Now, there are over 24 million learners[1] using the internet during the pandemic, and about 49% of Filipinos[2] preferring working from home. With this digital shift, Filipinos are constantly trying to find internet services that will provide uninterrupted access online. The good news is that internet providers in the Philippines have responded to the challenge. Internet speed in the country is no longer as slow as we know it. It has improved by 523%[3] in 2021, making the country 80th among 176 countries in broadband speed and 84th in mobile internet speed among 134 countries. What does this mean to all Pinoys eager to get that speedy connection? Well, this is the time to leverage the improvement and explore opportunities that the internet can offer. As the market progresses, more broadband providers will join, offering different broadband plans and prices. This can be confusing, and we might end up paying too much for something we do not want and need. This guide to choosing an internet provider will help you understand what your broadband plan should give you. It should also help find offers that best fit your needs at the right price. What is Mbps and Why is it Important? If you want to find internet services that can address your needs, then you need to learn the basics of an internet connection. The first step is to understand the difference between bandwidth and internet speed. Most internet providers in the Philippines indicate Mbps as the ultimate factor to…

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Get a Credit Card 100% Online with Moneymax and UnionBank

MANILA, PHILIPPINES – JUNE 2021. Moneymax, one of the country’s leading financial comparison platforms, partners with Union Bank of the Philippines (UnionBank), recognized as a digital trailblazer in Asia Pacific, to enable Filipinos to get a UnionBank credit card entirely online. This tie-up strengthens Moneymax’s commitment to help Filipinos find the right financial products and improve their access to them. Simplifying Credit Card Comparison in the New Normal Given the shift of financial transactions to online, both UnionBank and Moneymax aim to increase the penetration of credit cards in the Philippines. Through the Moneymax website, users can conveniently compare UnionBank credit cards according to requirement, feature, and fees. Credit card application can be done on the Moneymax website as well, eliminating the need to visit a bank to fill out multiple application forms. “Moneymax is delighted to be announcing this new partnership with UnionBank of the Philippines. We aim to support UnionBank’s goal of providing customers with the best solutions and experiences by leveraging our platform to simplify the comparison process and by enhancing product accessibility. We look forward to working with one of the front runners for banking innovation and digital adoption to help Filipinos live a financially healthier life,” shares Greg Aguilar, Moneymax’s Head of Commercial. “This tie-up with Moneymax underscores the most essential component of UnionBank’s digital push, and that is to put the needs of customers first. We are steadfast in our commitment to deliver superior customer experiences in every service we provide and innovation we co-create for a better world,” says Anton Corro, UnionBank Consumer…

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Driving in the Rain? 17 Car Care Tips for the Rainy Season

Roughly 20 typhoons visit the Philippines every year. How prepared are you for the typhoon season? Good thing, weather bureaus have sophisticated systems that track the formation of low pressure areas (LPAs) and movements of typhoons. The updates that you get from them should be more than enough to help you prepare for the rainy days. Taking care of your car is just as crucial as protecting lives and your home during a typhoon. After all, it is your means of mobility and even your source of livelihood. Having your car repaired or getting a new one is undoubtedly expensive. So, it’s much better to be proactive rather than reactive. Here are things you should remember to protect your car in the rain, especially during the typhoon season in the Philippines. How to Protect Your Car in the Rain: 17 Car Care Tips 1. Drive Safely The importance of careful driving can’t be stressed enough during the rainy season. It isn’t just for your safety but also for the longevity of your car. When driving in the rain, keep these precautions in mind: Remain calm and don’t make sudden motions. Keep in mind that the road is already slippery, and any unnecessary car movements can endanger you and your passengers. Avoid any distractions while driving. Keep a 360-degree vision of everything around you from your mirrors. Tracking movements in the rain will prove to be a challenge for you since you’re focused on driving mindfully. So if you have a shotgun passenger, let them become your second pair of eyes….

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LYKA App: What is It and How Does It Work?

Note: The payment operations of LYKA are suspended following an order from the Bangko Sentral ng Pilipinas (BSP) issued on July 23, 2021. The BSP requires the company to register as an operator of payment system (OPS) and reminds the public to deal only with BSP-registered OPS. This means you can transact only with LYKA once it has complied with the BSP’s requirement. According to the Digital 2020 Global Overview Report, internet users in the Philippines spend an average of 9 hours and 45 minutes per day online.[1] And as internet lovers, Filipinos just keep discovering new social media trends and platforms. In recent years, Pinoys have discovered the delights of new social apps like TikTok and Kumu. But what has captured the attention of many this year is the LYKA app. Many observers and social media pundits believe that the app’s boom this year started when YouTube star Ivana Alawi vlogged about how she was able to buy her mom a new Ford car using the rewards she earned on LYKA. Intriguing, right? Learn more about the LYKA app and how it works in this article.  What is LYKA? LYKA is a free social media platform that allows users to discover new material, share interests, and connect with friends. However, what makes it stand out from its competition is its rewards system.  Previously known as the Things I Like app, LYKA was established in 2017. Ryan Baird is currently the CEO. LYKA is also operating in Hong Kong.[2] The LYKA app is available for download on iPhones in the…

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6 Ways to Get Out of Debt Faster Despite Having Low Income

Debt is an issue that many people contend with. The more you borrow, the harder it is for you to pay. The higher your debt, the more complex your life becomes. A lot of Filipinos are still wondering how to get out of debt on a low income. And the answer is not simple. Paying off debts sounds easy for those who are earning more than the minimum wage. But what if you’re living paycheck-to-paycheck, and you barely have enough left to settle outstanding debts? Dealing with debt when you have a low income is a difficult task. However, according to Lisa Aberle of Get Rich Slowly, “You have to be determined to challenge your comfort zone because no matter how uncomfortable it may seem now, challenging your status quo is hard.” It doesn’t matter how hard it is to get out of the debt trap. What matters is your will to break free from the agony of debt repayments. The Problem: Having a High Debt-to-Income Ratio Someone gets into debt for many reasons. But whatever reason that is, a borrower usually gets drowned in debts because their debt-to-income ratio is not clear to them and things begin to get out of control. How to Calculate Your Debt-to-Income Ratio In a perfect world, the ideal debt-to-income ratio[1] is 36% of your income. Look at the formula and sample computation below. Debt-to-Income Ratio Formula (Total monthly debt payment ÷ Gross monthly income) x 100 = % Debt-to-income ratio Sample Computation (PHP 10,000 ÷ PHP 30,000) x 100 = 33.3% The example…

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Postal ID Application in the Philippines: Everything You Need to Know

Got rejected for a bank or government service because you lack a valid ID? Don’t worry. There’s a quick and convenient way to get a valid ID: apply for a postal ID issued by Philippine Postal Corporation (PHLPost). The government has not yet started issuing the national identification card, and the COMELEC has stopped issuing new voter’s IDs to give way to the new national ID system. So for now, a postal ID application may be the only option you have to complete your requirements for any bank or government transaction. Here’s everything you need to know about postal ID application in the Philippines. What is a Postal ID Used For? A postal ID card is the most widely accepted identification document in postal transactions all over the world, according to the Universal Postal Union. In the Philippines, the postal ID was originally issued to ensure correct delivery of letters and parcels. Postmen used the ID to verify a recipient’s identity and address. Is Postal ID a Valid ID? Yes, the postal ID is honored in different transactions as a valid ID. Recently, the Department of Foreign Affairs (DFA) announced that it’s accepting the postal ID as a valid ID for DFA passport application and renewal. Today, the postal ID[1] is known as the easiest and fastest government ID to get. Besides postal transactions, the postal ID can also be used in different ways: Proof of identity when applying for other government-issued IDs; SSS, PhilHealth, and Pag-IBIG benefits; and other government services Valid ID when opening a bank account and applying…

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Be Debt-Free: Why You Should Start Paying Your Debts Now

The pandemic taught us a lot of lessons, including the importance of being financially prepared at all times. With about 7.3 million Filipinos retrenched[1] since the start of the lockdown in 2020, you can no longer say “Bahala na si Batman” and leave everything to chance. The reality of poverty and mounting debts can haunt you while you fight the fear of contracting the coronavirus. And if the pandemic has triggered you to borrow money to survive, it should also be the same reason to pay back what you borrowed. Nobody knows when we’ll be facing yet another crisis like COVID-19. So, as we all shift towards the new normal, let’s plan out a financial goal and enjoy the benefits of debt-free living. What is the Difference Between Good Debt and Bad Debt? Debt is debt no matter how you describe it. Debt means you borrowed money, which should be returned to the lender accordingly. However, there is a huge difference between the two types of debt. Good debt refers to borrowed money to fund an investment or something that could benefit you in return. Bad debt, on the other hand, is money borrowed to pay for purchases that depreciate. An example of good debt is getting a personal loan to pay for your child’s tuition. You borrow money to invest in your child’s education, which could benefit them in the long term. Good debt can also be a way to boost your income. Some people apply for short-term loans to fund a small business that could earn them profits….

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Getting an EastWest Credit Card? Here’s Everything You Need to Know

Filinvest-owned EastWest Bank is one of the leading banking institutions in the country. But aside from its regular bank products and services, such as loans and savings accounts, EastWest Bank is also known for offering good credit cards. An EastWest credit card makes the best option if you’re someone who puts a premium on your lifestyle. A huge selection of the bank’s cards is designed for people who love shopping, traveling, and dining out. However, EastWest Bank also has a range of cards that is ideal for those who are on a tight budget or those who will just use them for everyday purchases. If you’re interested in getting a credit card from this bank, we’ve come up with a comprehensive EastWest credit card application guide. Read on to learn more. EastWest Credit Card Application: 5 Simple Steps to Get a Card from EastWest Bank 1. See If You’re Eligible for an EastWest Credit Card First, you need to make sure that you’re actually eligible to apply for a credit card from EastWest Bank. You can start your EastWest credit card application right away if you meet all these requirements: Filipino citizen or foreign resident in the Philippines At least 21 years old Have a home landline/business landline/mobile phone number Minimum gross annual income: PHP 120,000 for Practical Mastercard PHP 180,000 for Classic Visa/Mastercard, DLSAA Mastercard, and Hyundai Mastercard PHP 300,000 for Dolce Vita Titanium Mastercard PHP 480,000 for Visa Platinum, EastWest Gold Visa/Mastercard, and EveryDay Titanium Mastercard PHP 1.2 million for Singapore Airlines KrisFlyer Platinum Mastercard PHP 1.8 million…

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