All Articles With Author : Rouselle Isla

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

10 Educational Plans in the Philippines Every Parent Should Consider

Sending your child to college may seem unaffordable if you compute all the expenses. Whether you’re planning to enroll your child in a public or private school, education in the Philippines is not cheap. But there are educational plans available to help you develop a disciplined savings plan that will pay for your child’s education. And there are many life insurance companies offering some of the best educational plans in the Philippines. Let’s explore them in this guide. What are Educational Plans and How Do They Work? An educational plan is a savings, insurance, and investment plan that helps parents save funds for their child’s college education. The savings and investment portion of an educational plan builds up a fixed fund for a certain period, and the insurance portion provides life protection for the payor, usually the parent, during the term of the plan.  Should anything happen to the payor that results in permanent disability or death, the payor or the beneficiaries (in this case, the child) is guaranteed a payout.  Upon the educational plan’s maturity, the payor can use it to pay for the child’s college education.  Are Educational Plans Worth It?  Yes, especially if you want to make sure your child gets a quality education without worrying about the financial burden.   It’s every parent’s dream to see their child finish college. But the sad reality is that not all Filipinos can afford the cost of education in the Philippines. Furthermore, tuition fees today will not be the same 10 or 15 years from now. Because of inflation, tuition and…

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What You Need to Know About COVID-19 Vaccines in the Philippines

The development of coronavirus disease (COVID-19) vaccines is a huge help in the fight against this global pandemic. With a COVID-19 vaccine in the Philippines, people can get protection from severe symptoms that usually lead to hospitalization or death.   As of this writing, there are 828,366 COVID-19 cases in the country and a total of 14,119 deaths.[1] The Philippine government is aiming to achieve herd immunity against COVID-19 by 2023.[2] Herd immunity or community immunity occurs when a high percentage of the community is immune to a disease (through vaccination and/or prior illness), making the spread of this disease from person to person unlikely.[3] What is the COVID-19 Vaccine?  The COVID-19 vaccine is a vaccine that provides acquired immunity against severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus causing COVID-19.  In general, vaccines work by helping your body develop an immunity to germs or viruses. Vaccines mimic these germs and viruses. As a result, your body develops antibodies to fight them off and prevent you from getting sick from it again in the future.  Based on early data from clinical trials, the vaccines can lower your chances of getting COVID-19 and help prevent getting seriously sick with COVID-19. Is It Safe to Get the COVID-19 Vaccine? Yes. Even if pharmaceutical companies developed COVID-19 vaccines so quickly, they did not skip any steps, and all the vaccines underwent careful testing.[4] The Food and Drug Administration (FDA) has also granted them emergency use authorization,[5] a risk-based procedure to assess unlicensed vaccines during public health emergencies. In addition, COVID-19 vaccines are…

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Need Cash? Check These Options for Easy Loan Application in the Philippines

More often than not, getting a loan is a very meticulous process. But there are easy to apply for loans in the Philippines with easy requirements and quick loan approval processes.  If you’re currently shopping for a loan, here are some lenders in the Philippines with easy loan applications.  Easy to Apply for Loans in the Philippines Whether you’re looking for a loan with fewer requirements, a faster approval process, bigger loanable amounts, or longer repayment periods, here are some loans you can easily apply for. 1. CIMB Bank Personal Loan  Are you looking for an easy loan you can apply for online? CIMB Bank[1] offers an all-digital loan application that you can finish in minutes. Just download and log in to the CIMB Bank mobile app.  📌 Key Features Loanable amount: PHP 30,000 to PHP 1,000,000 Interest rate: 1.12% to 1.95% per month Loan tenure: 12 to 60 months Processing time: 10 minutes via the CIMB Bank mobile app  🧑 Who Can Apply for a CIMB Loan? 21 years old but not older than 65 years old upon loan maturity  Filipino citizen with mailing address and active Philippine mobile number  Gross monthly income of PHP 15,000 Employees with a tenure of at least six months or one year if working in the top 15,000 corporations Self-employed operating a business for at least one year  ✅ CIMB Personal Loan Requirement Only a valid government-issued ID is needed to apply for a loan from CIMB Bank. Read more: 6 Tips to Get a Personal Loan for Freelancers in the Philippines CIMB…

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Quick and Easy RCBC Credit Card Application Guide

Whether you’re looking for a credit card with a higher credit limit, non-expiring rewards points, or exclusive shopping, dining, and travel privileges, RCBC offers various options to suit your lifestyle and budget. Find out about the RCBC credit card application process and learn which card is right for you in this guide.  RCBC Credit Card Online Application Steps 1. Check Your RCBC Credit Card Eligibility  RCBC principal cardholders should be 21 to 65 years old while supplementary cardholders should be 13 to 65 years old. Having a mobile number and a work landline is also required for an RCBC credit card application.     Should You Get a Supplementary Credit Card or Your Own Credit Card? Can Your Kids Handle a Supplementary Credit Card? 2. Prepare the RCBC Credit Card Requirements  If you’re employed, here are the documents you need to prepare:  Fully accomplished application form  1 valid photo-bearing ID with signature  Proof of income Latest payslip that shows your monthly salary  Original Certificate of Employment (not more than 6 months old, stating annual income and signed by an authorized Human Resources signatory) W2 with BIR or Bank Stamp or Income Tax Return (ITR) For self-employed credit card applicants, here are the requirements:  Fully accomplished application form  1 valid photo-bearing ID with signature  Proof of income (Latest Audited Financial Statement with BIR or Bank Stamp and photocopy of Income Tax Return and/ or W2 with BIR or Bank Stamp)        3. Pick the Right RCBC Credit Card for You  There are quite a few RCBC credit cards that you can get depending…

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What You Need to Know About Peer to Peer Lending in the Philippines

Peer to peer lending in the Philippines may be unfamiliar to many Filipinos. But it can be a good option for those who have a bit of money to invest or those who need a loan without going to traditional banks.  In this article, we’ll discuss what peer to peer lending is, how it works, and its pros and cons.  What is Peer to Peer Lending?  Peer to peer lending, also known as P2P or crowd lending, is a money lending platform for both individuals and businesses without a financial institution acting as a middleman.  It’s an online service that matches borrowers with lenders that offer their services, most of which are unsecured loans. As a result, lenders or investors earn from higher interest rates, and borrowers get quick, easy loans that they otherwise would not from traditional lenders.  Read more: Should I Borrow Money from Private Lenders? How Does Peer to Peer Lending Work?  Peer to peer lending platforms need investors to lend the money and borrowers to take out a P2P loan. Here’s how peer to peer lending works for both borrowers and lenders. For P2P Borrowers If you need a quick loan without having to go to traditional banks or financial institutions, you can submit an online loan application on any P2P lending platform. But like traditional banks, there’s a pre-qualification screening process, but it’s not as strict as the screening process of banks.   After submitting your application, the P2P lending platform will assess your application and review your profile based on your creditworthiness. In short,…

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12 Best Sedans in the Philippines for 2021

If you’re shopping for a new car and looking for the best sedans in the Philippines, then this list will help you narrow down your search and purchase the one that meets your requirements. Whether you’re looking for a car you can use for everyday traveling in the city or for daily business errands, there’s a sedan that will meet your needs.    12 Best Sedans in the Philippines 1. Suzuki Dzire Suzuki Dzire prices: GA 1.2 L M/T = PHP 549,900 / GL 1.2 L – M/T = PHP 648,000 GL+ 1.2 L Auto Gear Shift (AGS) = PHP 708,000 If you’re planning on buying a car for both personal and business use, the Suzuki Dzire[1] will not disappoint. It is available in three variants to meet the different budget requirements of Filipinos and comes loaded with features in a compact body.  The Suzuki Dzire has impressive good looks front and back, with LED combination lamps to make sure you’re driving easily and safely night or day. Because of its compact body style, you can easily maneuver on rough roads and tight spaces. And more importantly, it’s economical on fuel with a 12-kilometer per liter range for city driving.  2. Mitsubishi Mirage G4 Mitsubishi Mirage G4 prices: GLX M/T = PHP 735,000  G4 GLX CVT = PHP 785,000 / GLS CVT = PHP 869,000 The Mitsubishi Mirage G4[2] is a subcompact sedan with roomy interiors and excellent fuel economy in a very stylish package. It’s easy to drive because of its light steering and wide driving visibility. Parking will also…

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What You Need to Know About Short Term Loans in the Philippines

No matter how much you take care of your finances, there will always be unforeseen circumstances where you’ll be short on cash. When this happens, a short term loan can save the day. What is a short term loan in the Philippines, and what are its pros and cons? Read on to find out more. What is a Short Term Loan? Short term loans offer smaller loanable amounts and shorter repayment terms than long-term loans. You need to fully pay off a short term loan in less than a year. It also comes with a higher annual percentage rate.[1] Most Filipinos apply for a short term loan to pay for minor expenses and financial obligations. For business owners, a short term loan can help with financing their business needs to keep it running.   The repayment period for a short term loan Philippines can be adjusted according to the borrower’s preference. But they’re usually paid off in a month. If the chosen loan term is longer than a month, it should not exceed 12 months.  Short term loans are unsecured loans, which means they don’t require collateral. You also don’t need to borrow against the value of your property. However, the downside is that interest rates are higher because the risk of borrowers defaulting or not paying off the loan is also higher.  Read more: 10 Sulit Ways to Use a Cash Loan in the New Normal What Happens If You Stop Making Loan Payments? What Short Term Loans are Available in the Philippines?  Payday Loan  This type of short term loan…

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Your Guide to the Best Health Cards for Senior Citizens in the Philippines

Isn’t it ironic that most health insurance companies end their coverage when you reach the age of 65? But at 65, you start to feel different aches and pains in your body. You’re also not earning as much as you used to. And this is why when you’re a senior citizen, you need health coverage more than ever. But that’s the sad reality for many senior citizens. They end up paying for checkups, hospital confinements, and surgeries with their own money. It may be hard to find a health card for senior citizens that will provide health coverage and medical benefits. But thankfully, there are still great options available. As senior citizens become more prone to illnesses and injuries, health cards should also offer better medical benefits. If you’re looking for an HMO for senior citizens, we have rounded up a few in this article.  What is an HMO Health Card?  HMO stands for Health Maintenance Organization. It’s a network or organization that provides health insurance coverage for a monthly or annual fee[1]. Premiums for HMO health cards are usually paid on a monthly or annual basis. Also, you can only receive services or get consultations from doctors within the HMO’s network.  For example, you don’t need to pay consultation fees if you consult with an accredited physician. However, you’ll need to pay if you consulted an unaccredited doctor. The same applies when you go to a clinic or hospital that’s not affiliated with your HMO. What is the Difference Between a Health Card and a Health Insurance?  Premiums for…

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Don’t Let Credit Card Fraud Happen to You: Here Are Some Tips

As more Filipinos turn to cashless and online transactions during this pandemic, credit card fraud cases in the Philippines continue to increase as well. According to the National Bureau of Investigation, phishing became the top cyber crime in the Philippines in July 2020, with a 200% increase in cases [1]. The Bank of the Philippine Islands also took down 2,000 phishing sites in October 2020 [2]. The numbers are alarming, but there are precautions you can take so that you won’t fall victim to these fraudsters. What is Credit Card Fraud? Credit card fraud is the unauthorized use of another person’s credit or debit card to obtain funds or make purchases on the cardholder’s account.  Common Credit Card Frauds in the Philippines Before we talk about credit card fraud protection in the Philippines, let’s first have a quick look at the most common credit card frauds. The better you understand how fraudsters can use your data, the more measures you can take to protect yourself. 1. Lost or Stolen Card Left your bag inside the taxi? Forgot to put your credit card back in your wallet at the supermarket? Report and block your card immediately to prevent unauthorized charges. 2. Account Takeover Just like the name suggests, fraudsters take over your account. They get access to your personal information and then use them to make unauthorized transactions on your credit card.  3. Counterfeit Cards Fraudsters use skimming devices to clone credit cards and then use the counterfeited cards to make unauthorized purchases on your account.  4. Collusive Merchant This happens…

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Guide to BGC Bus Routes: How to Conveniently Commute to BGC

Bonifacio Global City (BGC), one of Metro Manila’s major financial and lifestyle districts, has its own public transport system that enables commuters to navigate the area easily and systematically. It’s as organized (though not as extensive) as the bus systems in Singapore and Hong Kong—a far cry from the chaotic buses plying along EDSA. Traveling to BGC for the first time? Not sure how to go to BGC from Manila? You can’t depend on ride-hailing apps to book you a ride all the time, not to mention that they’re expensive. It’s more practical to commute via the BGC Bus, which is the main bus operator in the area. You can print out a BGC Bus route map, or you can just bookmark this BGC Bus routes guide to help you easily navigate the central business district in Taguig City. How to Commute to BGC If you want to know how to go to BGC without driving or booking a ride, you must first familiarize yourself with the BGC Bus Terminal. It’s the starting point of most bus routes to different parts of BGC. Easily accessible to commuters via MRT-3, this bus terminal is located on the corner of EDSA and McKinley Road in Makati City. But it’s commonly referred to as the EDSA Ayala bus stop. It’s on the ground floor outside the McKinley Exchange Corporate Center (the same building with Telus) and on the side of Forbes Park. You will also find a Shell gas station and the staircase of MRT Ayala Station northbound exit there. To get to…

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Quick Guide on How to Load Your PayMaya Account

Find out where and how to load PayMaya in this nifty guide. Since it’s a very popular mobile wallet, you can benefit from its many features and offers of convenience. Even before the COVID-19 pandemic, PayMaya has been a hassle-free option when it comes to paying bills, shopping online, withdrawing and transferring funds, booking flights, and many more. Moreover, there’s even a physical PayMaya card that you can use to pay for in-person purchases. In case your PayMaya balance is running low, we have listed down the easiest ways to add money to your wallet. So read on to find out how to top up your PayMaya wallets using different channels. Where to Find a PayMaya Loading Station Convenience stores: 7-Eleven Ministop Alfamart Pay&Go self-service kiosks at: Mercury Drug Super 8 Lawson  Landers  Touchpay eTap Zoompay  Top up at the following department stores: Robinsons Department Store The SM Store Gaisano Add money to your PayMaya account at these remittance centers: Palawan Express Tambunting Pawnshop  RD Pawnshop Pera Hub Load up online via InstaPay: Not sure where to load PayMaya online? Download these mobile banking apps and bookmark these sites: Metrobank  Unionbank  RCBC  AUB  PSBank  PNB  RCBC CIMB Bank Philippines China Banking Corporation Land Bank of the Philippines EastWest Bank Maybank Philippines PBCom UCPB Robinsons Bank Bank of Commerce Security Bank Cebuana Lhuiller Rural Bank China Bank Savings BPI BPI Direct Banko Bpi Family Savings Bank Equicom Savings Bank Sterling Bank of Asia Sun Savings Bank Cash in via PesoNet: East West Bank of China Citibank CTBC Bank Development Bank of…

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New Year’s Eve Countdown Events to Usher in 2021

New Year in the Philippines is known around the world to be such a visual (and loud) spectacle. However, it will be very different this year because of the ongoing pandemic. With health and safety protocols still in place and strict rules regarding firecrackers and fireworks displays, it looks like it’s going to be a quiet and uneventful New Year’s eve countdown in the Philippines. Well, not really. Because you can still watch and join different online parties, concerts, and events to welcome the New Year in the Philippines and other parts of the world. Here are just a few we found: New Year’s Eve Countdown Events in the Philippines Resorts World Manila Grand Countdown to 2021 December 31, 2020, 7 pm, live pay-per-view on KTX.ph Price: PHP 600 to PHP 2,000 Let’s face it. Our New Year countdown won’t be complete without some great live music from the country’s top performers. Welcome the new year on a musical high with Resorts World Manila’s grand countdown virtual concert entitled “New Year. New Hope. New Thrills.”[1] Enjoy a premium concert experience in your own homes while being serenaded by Morissette, Jona, Jed Madela, Jon Santos, and special guest acts from the L.O.V.E Project. This virtual NYE concert will be hosted by Nicole Laurel Asensio and Jon Joven. You can still purchase your e-tickets on KTX.ph. General Admission tickets (show access only) cost PHP 600 and Special Tickets (show access + chance to win big prizes) cost PHP 2,000. If you wish to join the Holy Mass celebration before the show, you…

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Start the Year Right with These Financial New Year’s Resolutions

To say that we can’t wait to bid this year goodbye is an understatement. It will definitely be remembered as the year that pushed everyone’s finances to the limit. But hey ― a new year is coming. Which means it’s time to look at our financial wins and losses and make that much-needed New Year’s resolution list. Check out these New Year’s resolution examples we’ve listed below. Hopefully they will give you ideas on how to make resolutions of your own. Or you can just pick the best resolution that will help turn your financial situation around or achieve your money goals. 1. Assess your current financial situation What do you own, and how much do you owe? Where’s your income coming from, and what are you spending them on? Is one income stream enough to cover all your expenses, or do you need to create several more to make ends meet? Once you work out the numbers, you will know what changes you need to make or bad money habits you need to let go of to improve your financial situation. 2. Set realistic financial goals Not only will it prevent you from being frustrated or disappointed when you don’t hit your goals. It will also remove the pressure of trying to stick to your New Year’s resolution financial goals. So start with small, achievable goals like paying off your credit card bills in full, or settling your personal loan. Once you tick this off your resolutions list, tackle a new and bigger goal! 3. Stick to a budget…

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Ultimate Guide to Holiday Mall Hours 2020

The holiday season has officially begun. And it seems like there’s no stopping people from going to the malls to do their holiday shopping and to the supermarkets to buy Noche Buena ingredients, even with the pandemic. If you want to minimize the stress that comes with holiday shopping, one of the most important things to do before you head to the malls is to plan your schedule ahead. Fortunately, most shopping malls extend their operating hours (especially on Fridays and weekends leading to Christmas and New Year) to accommodate last-minute shoppers. Check out this list of the holiday mall hours in Metro Manila for December 2020. December 2020 Mall Hours in Quezon City Ali Mall, Farmers Plaza, and Gateway Mall Operating Hours November 30 to December 30 – 10 a.m. to 9 p.m. December 18 and 19 – 10 a.m. to 10 p.m. December 24 and 31 – 10 a.m. to 7 p.m. December 25 – 12 p.m. to 9 p.m. Ayala Malls Cloverleaf Holiday Mall Hours December 12 to 23 – 10 a.m. to 9 p.m. December 24 – 10 a.m. to 7 p.m. December 25 – 12 p.m. to 9 p.m. December 26 to 30 – 10 a.m. to 9 p.m. December 31 – 10 a.m. to 7 p.m. January 1 – 12 p.m. to 9 p.m. Ayala Malls Vertis North Holiday Mall Hours December 12 to 23 – 10 a.m. to 9 p.m. December 24 – 10 a.m. to 7 p.m. December 25 – 12 p.m. to 9 p.m. December 26 to 30 – 10 a.m….

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How Freelancers in the Philippines Can Get a Credit Card

“Can a freelancer get a credit card?”  For anyone who has started a work-from-home career, concerns like getting a credit card for freelancers in the Philippines always come to mind. Credit cards are useful for self-employed Filipinos just as they are for employees. Having one allows freelancers to verify their PayPal accounts for receiving payments online. It can also be used to buy software programs, web hosting services, and other important work tools. Of course, it comes in handy when shopping online, paying bills, or booking flights. While a Visa/Mastercard debit card or prepaid card can get those things done, it’s better to use a credit card for certain transactions. For example, you can pay for big purchases like laptops or appliances in monthly installments with no interest. You can also earn rewards points with your credit card transactions. More importantly, you can also use your credit card during financial emergencies when you have no access to cash. Read more: Visa vs Mastercard: Which Credit Card Brand is Better? 8 Steps to Prepare Financially for the Freelancer Life Unfortunately, it’s challenging to get a credit card for freelancers in the Philippines. To qualify for one, you have to own a registered business with a profitable operation for at least one to two years. To prove that, you’re required to submit an income tax return (ITR), business registration papers, and financial statements.  Beginning freelancers typically don’t have these documents on hand. But don’t lose hope—you can still get a credit card even if you don’t have stable employment. Here are different…

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