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 … Continue reading
GCash is a mobile wallet and online payment platform in the Philippines that allows users to pay bills, buy load, send money, make purchases online, and more. Features of the GCash app Bill Payments You can use the app to … Continue reading
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 … Continue reading
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. … Continue reading
BPI Trade is an online stock trading platform provided by the Bank of the Philippine Islands (BPI). It is an easy and convenient way to invest in the Philippine Stock Exchange (PSE). With BPI Trade, you can access real-time stock … Continue reading
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 … Continue reading
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, … Continue reading
Before I give you a rundown of the reasons why I don’t have a million pesos in my name at the age of 39, let me give you a little bit of my work background. I graduated from college at … Continue reading
Yow! Kuya Well here and welcome to my personal finance blog. Why you are here I’m guessing: Purpose of this Blog Make personal finance easier to understand and relatable Three years ago, I’m in the same boat as some of … Continue reading
Maya Bank is a digital service bank supervised by the Bangko Sentral ng Pilipinas. They offer a base interest of 3.5% per annum on your deposits (up to 5 Million) for their “My Savings” account. The base interest rate can … Continue reading