Personal Financing
Saving Tips: Balance Inquiry and Withdrawal

Saving Tips: Balance Inquiry and Withdrawal

Today I will be discussing some savings tip to our readers. Did you know that there is a monetary charges because of using your ATM Card on different bank? As a result, you are being charge an amount from Php 2 to Php 15 for doing balance inquiry and withdrawal. So if you are getting your salary...
10 Ways on How to Waste your 13th Month Pay

10 Ways on How to Waste your 13th Month Pay

How long have you been working? And how many times did you received 13th-month pay? The main question is, how did you spend your 13th-month pay? Many employees received their 13th-month pay but just to spend it all away during Holiday season. This is a sure way to waste your 13th-month pay Spend on something...
Why Using Philippine Credit Card is not suggested for Foreign Transactions?

Why Using Philippine Credit Card is not suggested for Foreign Transactions?

Did you face a situation that you are travelling in a foreign country and you cannot do anything but to use your credit card for your purchase? Well, I have done it many times and it’s a bit strange for me that the conversion rate is always high compared to the prevailing market rate. Upon...
FOREX 101: 4 Things you ought to know about FOREX but is always afraid to ask

FOREX 101: 4 Things you ought to know about FOREX but is always afraid to ask

When we hear of Forex, we always shy away from it, thinking that is a very daunting industry and that it’s only meant for people who are really into business. But do we really have to be intimidated by this industry? The answer of course is no, and we will get to know more about...
6 Reasons Why You Need Insurance

6 Reasons Why You Need Insurance

Good news: more Filipinos are getting covered by insurance. The unfortunate tidbit is that more still remain uninsured. Why are Filipinos not getting insurance? They don’t think they need it. They are investing in bonds and other portfolios that would hopefully bring them huge returns in the future. They are expensive. They think insurance companies...
Does Everybody Need Life Insurance?

Does Everybody Need Life Insurance?

Does Everybody Needs Life Insurance? A question that an individual should know the answer. Well my answer is “It depends”, it depends on what? Perhaps my points stated below might give you an idea of having life insurance, or just forgetting the idea, You will have to decide after treading this blog post. Insurance aims...
7 Important Things to Remember About Money

7 Important Things to Remember About Money

I always believe that the Bible and Finance always go together, and it is in the bible where we can find principles that we can follow in order to succeed in our life. The picture below shared by Stormie in facebook shows the 7 Important Things to Remember About Money. The main idea is that...
Angat Pilipinas Desert Convention 2015

Angat Pilipinas Desert Convention 2015

I would like to report that Angat Pilipinas Desert Convention 2015 was a success. The financial literacy seminar went well as planned in 4 corners of Saudi Arabia, Riyadh, Al Hasa, Jeddah and Al Khobar. The seminar was attended by more than 200 OFW in 4 locations. I can share more information in Riyadh because I...
Taking Advantage of the High Exchange Rate

Taking Advantage of the High Exchange Rate

As an OFW, I am used of sending money to the Philippines with an exchange rate of 1 USD to Php 44. But there was a turn of events in the world economy that is why from last month I can see an exchange rate higher that Php 45. I know that some OFW are...
Needs Vs Wants, Do You Know the Difference?

Needs Vs Wants, Do You Know the Difference?

As I teach Financial literacy in different institutions here in Saudi Arabia, I came to know that majority of OFW does not know the difference of wants and needs. They probably know it theoretically, but they don’t know the importance of knowing the difference that it will make in their future. Delaying gratification is not...
Is it Safe to Invest in Mutual Fund?

Is it Safe to Invest in Mutual Fund?

The title of this post is a common question I encountered when I am conducting seminars and group study about Financial Literacy. So is it really safe to invest in mutual fund? My answer depends on your definition of safe. First of all there is No Risk Free Investment. Different type of Investment has its...
Investing Even in Debt?

Investing Even in Debt?

Seminars about investing and YouTube videos about investing are now easily accessible. Facebook post and updates talks about investing and savings. In reality it makes our drive to invest as soon as possible more. So what if you want to start investing and yet you are filled with credit card debts, Will you start investing...