When it comes to personal finance, two essentials often come up: building an emergency fund and getting life insurance. But ask 10 people which one to prioritize first, and you’d get 10 different answers. In this article, we’ll clarify the … Continue reading
What Is an Emergency Fund? An emergency fund is a dedicated amount of money set aside to cover unexpected expenses like medical emergencies, job loss, urgent home repairs, or even family emergencies. It’s not for buying a new phone or … Continue reading
Managing your salary can feel overwhelming, especially when bills, savings goals, and unexpected expenses keep piling up. If you often wonder where your money went before the next payday, then the 50-30-20 rule might be the budgeting formula you need. … Continue reading
For most Filipinos, hitting that ₱1 million mark feels like the ultimate financial milestone. Whether it’s for building a house, starting a business, or simply securing your future—₱1M is no small feat. But here’s the truth: it’s possible, even if … Continue reading
The Philippines is taking a big step in protecting consumers from online gambling. Major e-wallets like GCash and Maya have removed in-app access to online gambling platforms following a directive from the Bangko Sentral ng Pilipinas (BSP). This move is … Continue reading
Effective July 1, 2025, the Philippine government rolled out a flat 20% final withholding tax (FWT) on all interest income from bank deposits. Yes, kahit anong klase pa ’yan—regular savings, time deposits, or foreign currency accounts—basta may interest, may bawas … Continue reading
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 … Continue reading
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 … Continue reading
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