Six and a half years ago I received my first credit card. I just started working then as a Barrio Doctor on a remote island in Palawan. With over 14,000 people, four islands, and being the only doctor there, I’m forced to live a simple life. Having a credit card did not appeal to me…
Category Archives: Money Management
10 Tips to Avoid Online Banking Scam
Fidgeting in her laptop, Janet is excited to see how much she was able to save to date. Two weeks from now, it’s Jenny’s 7th birthday, her daughter. She’s been saving 2,000 pesos per payday for eight months now, to be able to save, she stopped eating out with her officemates and resisted stopping by…
The First Key to a Meaningful Wealth—If you don’t have this, You will never be Wealthy!
“Wealth is defined as the ability to generate profit, and that such profit is achieved by the duality of maximizing revenue and minimizing cost or loss.” – Mr. Aristides S. Merida, Jr. In the book – Dare to Journey: The Path to Meaningful Wealth What is Profit? Profit is defined by Investopedia as: A financial…
Dissecting Pag-IBIG Fund: What is there to Love?
If you’re an employee, you’ll see a number of deductions on your pay check every month. One of those goes to Pag-IBIG, the home development mutual fund. This is the 2nd part of the series, learning our basic Filipino finance. The first part was, “Dissecting Social Security System (SSS) It Pays to Know Your Rights…
Buy Term Invest The Difference (BTID), is that for me? Myth vs Reality
Maybe some of you have heard of “Buy Term Invest the Difference” from your financial savvy friends or from some financial blogs you follow. This post will not be like the comparison between term and whole life, or pros and cons between the two. This post is about knowing if BTID is for you. So…
Dissecting Social Security System (SSS) It Pays to Know Your Rights and Benefits
Every month, a portion of an employee’s salary is taken out for SSS. Many people feel the deduction, but don’t really know what it’s for. So today, we’ll look at the benefits of SSS and how we can avail of them. I am a doctor, and being a medical doctor, I am trained to analyze…
Filipino Worker Benefits, What is Available to You?
We work extra hard to safeguard our future. We give out every single effort we can to make sure that we can be able to provide a comfortable life to ourselves and mostly to our loved ones. Part of your hard earned cash of course goes to different contributions in different government agencies. If you’re…
10 Signs You Are A Money Smart Mom
One of mother’s many duties is to handle the family’s budget. Are you one of those moms who is smart and fit to handle money? Or are you one of those moms who is leading your family to a disaster when it comes to money matters? Here are the signs you are street smart when…
