Kuya Well's personal finance corner
One of the key questions people often ask is, “Should I be saving or investing my money?” The answer is not always clear cut and there are pros and cons to both. In this post, we’ll explore the difference between savings and investment that will help you determine which approach is right for you. Savings … Read More “Savings vs Investment: Which Approach is Right for You?” »
Investing is a great way to grow your wealth and secure your financial future. Whether you’re looking to save for retirement, purchase a new home, or just grow your savings, there are a variety of investment options available to help you reach your goals. In this article, we’ll introduce you to the different types of … Read More “How to Choose the Right Investments for Your Financial Goals” »
With the right knowledge of your financial objectives, risk tolerance, and overall financial condition, investing can be a terrific strategy to gradually increase your wealth. Here’s what you need to know to get started: Create a Budget The amount you can afford to invest depends on how much money you have coming in and going … Read More “How to Start Investing: Tips for Beginners” »
Investing is an essential tool for achieving your financial goals, whether it’s buying a house, saving for retirement, or starting a business. But for many people, the world of investing can seem overwhelming and confusing. With so many different options and strategies to choose from, it can be challenging to know where to start. We’ll … Read More “Investing for Beginners: How to Get Started” »
As discussed in a previous post, savings are crucial because they allow you to build a financial cushion for emergencies, such as job loss or unexpected expenses. In addition, saving can help you achieve your long-term financial goals, such as buying a house, starting a business, or retiring comfortably. That said, many Filipinos struggle with … Read More “Why Filipinos Struggle with Saving and How to Overcome” »
Credit card debt is a common problem for many Filipinos. Ballooning debt is when the minimum payment is not enough to cover the interest, and the balance keeps increasing. This can quickly lead to a situation where the debt becomes difficult to repay. However, with the right strategies, you can pay off your ballooned credit … Read More “Practical Ways to Pay Off Your Ballooned Credit Card Debt” »
Should you start paying off debt first or building wealth (investing) instead? Many would say that you need to pay off debts first before actually building wealth. As for me, I’d say that there is no straightforward answer. It all depends on your situation. In fact, what I did was start building wealth by investing … Read More “Which Comes First: Paying Off Debt or Building Wealth?” »
I’m sure some of you are already itching for me to start discussing investment-related topics on this personal finance blog. I am too. In fact, I am more than excited to share with you my journey in the stock market. That said, we must lay the groundwork first and not rush things out. It’s important … Read More “Money Matters: A Preview of the Topics I’ll Cover on My Personal Finance Blog” »
When I discussed Emergency Funds the last time, I mentioned that it’s best to put them in high-yield savings accounts to lessen the impact of inflation. Why opt for a High-yield savings account and not a commercial bank? Most commercial banks in the Philippines (and even in other countries) offer very low-interest rates on your … Read More “The Smart Way to Save: High-Yield Savings Accounts Explained” »
An emergency fund is a substantial amount of liquid assets/funds that you can use in case of unprecedented events like the following: If I have savings/investments, do I still need one? Let me stress the term: emergency. So ang tanong, pag may emergency ba and need mo ng agarang pera, pwede mo ba makuha agad … Read More “Emergency Fund 101: How to Prepare for Life’s Unforeseen Events” »
