Best Investments in the Philippines for Your Short-Term to Long-Term Goals
- By Moneymax
- July 11, 2022
Investing allows you to make money work for you rather than the other way around through the power of compounding interest. But with so many options for the best investments in the Philippines, you’re left wondering where to put your money and what your investment portfolio should look like. In an interview with Moneymax, Marvin Fausto, founding President of the Fund Managers Association of the Philippines (FMAP), advised to “invest with a purpose.” So whether you’re building your retirement fund, saving up for your child’s education, or funding any financial goal, here are some of the best investments in the Philippines with great earning potential in 2022 and beyond. Table of ContentsWhat are the Best Investments in the Philippines for 2022?Best Investments in the Philippines for Short-Term GoalsBest Investments in the Philippines for Medium-Term GoalsBest Investments in the Philippines 2022 for Long-Term GoalsWhat is a Good Investment in the Philippines? 7 Things to Consider1. How much do I intend to invest?2. How does my chosen investment work?3. What’s my purpose in making the investment?4. How much do I expect to earn?5. How long do I intend to invest?6. How many types of investments am I interested in?7. Can I borrow money to fund my investment?Can I Have More Than One Investment at a Time?Final Thoughts What are the Best Investments in the Philippines for 2022? Best Investments in the Philippines for Short-Term Goals Short-term goals include saving for your upcoming wedding or a baby’s arrival. If you need the money in three years or less, it’s best to invest in…
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Back Pay Computation Guide for Filipinos Leaving Their Jobs in 2022
- By Moneymax
There’s a myriad of reasons employees leave their employers. You know the common ones—poor management, impractical office locations, career dead ends. COVID-19 just added another one to that list: pandemic epiphanies. According to a report by Sprout Solutions, a significant percentage of human resources (HR) professionals—i.e., 63% in small and medium enterprises and 58% in large enterprises—saw an uptick in employee turnover during the pandemic. The same professionals claimed that 65% of employees prefer hybrid work.[1] The connection between the two is evident, as more employees seek the most fulfilling jobs in the world that can give them better autonomy, greater flexibility, and more financial freedom. This movement that calls for better employee well-being has ushered in a mass exodus from the workplace—a phenomenon dubbed the “Great Resignation.”[2] If you plan to jump on this bandwagon, start crunching the numbers now and do a back pay computation to know exactly what you’ll get before running away to greener pastures. Here’s all you need to know about how to compute your backpay in the Philippines in 2022. Table of ContentsWhat is Back Pay?Who is Eligible to Receive a Back Pay?Is Back Pay Mandatory in the Philippines?How to Compute Back Pay in the Philippines 2022📝 Typical Components of Back Pay📝 Deductions from Your Back PaySample Back Pay Computation for 2022When Should I Expect My Back Pay?How to Fast Track Your Back Pay Release1. Talk to Your Human Resources Department Upon Resignation2. Complete Your Clearance Requirements as Soon as Possible3. Decide On Your Back Pay Disbursement Mode 4. Follow Up On the Status of…
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Planning to Resign? Here’s How to Prepare Your Finances Before Quitting Your Job
- By Adji Hendrawan
- July 8, 2022
To leave or to stay? Resigning from your job is probably on your mind for weeks, months, or even years now, and you can’t wait to try something new in your career. You have to think it through because it’s a life-changing decision. Not only will you make a major career shift, but your finances will also take a different direction, depending on your next move. So as early as now, you should know how to prepare your finances before quitting your job. A recent study found a 176% increase in voluntary resignation across all industries in the Philippines even during the pandemic.[1] The signs of the “Great Resignation” phenomenon are upon us this year, but that doesn’t mean you should immediately join the bandwagon. Table of ContentsHow to Prepare Your Finances Before Quitting Your Job1. Have a New Source of Income Lined Up2. Save at Least 3 to 6 Month’s Worth of Living Expenses3. Hold Off Any Large Purchase4. Plan the Timing of Your Resignation5. Talk to Your Family About Your PlanWhat to Do Before Quitting Your Job: Consider Your Salary vs Your Reason to ResignGetting Better CompensationLetting Go of Company Benefits and PerksFinal Thoughts How to Prepare Your Finances Before Quitting Your Job So that you won’t end up struggling with money, feeling stressed, and regretting your decision, you have to be financially prepared to leave your job. Here are five practical tips to help get your finances in order before your resignation. 1. Have a New Source of Income Lined Up Do you have a new stable…
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How to Survive Inflation: Wise Tips for the Hard Times
- By Moneymax
- July 6, 2022
An age-old nugget of wisdom says that nothing is certain but death and taxes. This is definitely an understatement, as reality paints a different picture. Inflation is also among the things that everyone is bound to face. From the stock market to real estate, inflation has always been a major factor that influences the prices across different aspects of life. And since it’s inevitable, it’s just right to know what it really is and how it affects you and your family. In this article, you’ll get to know this economic phenomenon much better. Along the way, you may also find a solution to inflation in the Philippines that your household can adopt. Table of ContentsWhat is Inflation? What are the Causes of Inflation in the Philippines? What are the Effects of Inflation in the Philippines? 1. Losing the Ability to Save or Invest Money 2. Reduced Purchasing Power of Regular and Fixed Income 3. Significant Changes in Lifestyle4. Being Compelled to Find New Streams of Income 5. Paying Higher Interest Rates Solution to Inflation in the Philippines That Every Household Can Adopt1. Avoid Lifestyle Inflation2. Maintain a Tight Budget3. Eliminate Unnecessary Expenses4. Have a Contingency Plan in Your Budget5. Track Your Expenses vs. Current Prices6. Avoid Taking in New Debts7. Avail of Sales, Discounts, and Promos 8. Find New Sources of Income 9. Save Money in the Right Places 10. Keep on InvestingFinal Thoughts What is Inflation? Inflation is the increase in the prices of products and services over a given period of time. It causes the value of your money to weaken, meaning that the same peso you have…
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Moneymax Celebrates 8 Years of Helping Elevate Filipinos’ Financial Lives
- By Moneymax
- July 5, 2022
Manila, Philippines – July 2022. Founded in 2014 as a financial comparison portal with only 10 employees and 65,000 monthly visits, Moneymax has grown into the Philippines’ largest personal finance platform powered by over 100 employees and visited over 3 million times per month. Such tremendous growth has been fueled by the company’s mission to help Filipinos lead healthy and rewarding financial lives through free, fair, and fast access to financial products and information. Marking its eighth anniversary with the theme #ElevateAt8, Moneymax celebrates all the ways it has leveled up as an organization and has helped improve the financial well-being of over 40 million Filipinos. “As we reach another milestone year for Moneymax, we’re excited for more years of helping Filipinos make smarter financial choices through our platform, rewards, and content. Putting the Filipino people at the heart of everything we do, we’re looking forward to continuously improving and exploring even more ways to uplift their financial lives,” shares Jessica Faye Tan, Head of Marketing at Moneymax. Table of ContentsElevated as a Company#ElevateYourFinances with Moneymax’s Online Live EventsAbout Moneymax Elevated as a Company 2022 is a big year for Moneymax, hitting an all-time high 3+ million monthly website traffic with nearly 300% growth from the previous year. The company’s newsletter subscribers have also increased to 1 million. This means that more Filipinos are taking their finances to greater heights with the help of Moneymax’s educational content and financial products. This is amid the consumer behavior shift to “revenge spending” as the economy rebounds from the COVID-19 pandemic. Filipinos planned…
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Meet Your Blockchain Pet: How to Earn in My DeFi Pet
- By Jay Pagkatotohan
- July 4, 2022
Tamagotchi and Pokémon are often cited as the poster children of virtual pets. These games remain popular to this day because they appeal to people’s nurturing side and tendency to collect things. Seeing your Tamagotchi grow can make you feel accomplished. In Pokémon’s case, you get to go on adventures and battles with your “pocket monsters,” and in a way, you establish a bond with your fictional fur babies. If you love Tamagotchi and Pokémon, you may want to take things to the next level by having blockchain pets. Enter the metaverse of My DeFi Pet. One interesting aspect of non-fungible tokens (NFTs) is that they focus on the culture of collecting. The game My DeFi Pet leverages that feature, ultimately establishing a venue that allows players to have fun, build a community, and somehow cultivate their parental instincts. This article outlines all the important things you need to know about this game. You’ll also learn how to earn in DeFi Pet. Table of ContentsWhat is My DeFi Pet?What are DPET Tokens?How to Get Started on My DeFi Pet1. Set Up a MetaMask Wallet2. Buy DPET Tokens3. Buy a PetHow to Play My DeFi PetCollectingBreedingEvolvingBattlingJoining Seasons and EventsHow to Earn in My DeFi Pet1. Play the Game Itself2. Join Seasonal Events3. Sell Your Pets4. Stake Your PetMy DeFi Pets FAQs1. Is My DeFi Pet the same as Axie Infinity? 2. Is My DeFi Pet legit?3. Can I play My DeFi Pet on mobile?Final Thoughts What is My DeFi Pet? Launched in 2021, My DeFi Pet is a blockchain game that allows…
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[Battle of the Brands] Cebu Pacific vs. AirAsia: Which Budget Airline Flies Higher?
- By Jay Pagkatotohan
- July 2, 2022
When you were a kid, you probably had the impression that traveling via plane is a privilege only the rich can afford. After all, tickets were insanely priced back then. But thanks to the proliferation of budget airlines, a lot of people can now explore the world. Tickets can still be a tad expensive at times, but you can’t deny that flights have become much more inclusive these days. In the Philippines, Cebu Pacific and AirAsia are the go-to low-cost carriers of many flyers. The flights are significantly cheaper compared to those offered by full-service airlines. However, keep in mind that there are several trade-offs and minor inconveniences that you need to weather (We’re looking at you, insufficient legroom and unreliable customer service). The comparison between the two aviation players can’t be helped, especially if you’ve experienced both carriers’ services. To give you a much more objective perspective, this Cebu Pacific vs AirAsia comparison review covers various aspects of both airlines’ services. This article will also benefit travelers who are used to one carrier but are looking to expand their alternatives. Table of ContentsNumber of Destinations and Flight RoutesHealth and Safety RatingCebu Pacific vs AirAsia: ReliabilityOn-Time PerformanceActual Customer Experience on Flight Delays and CancellationsCebu Pacific vs AirAsia: Baggage PolicyHand-Carry Baggage Allowance PolicyCheck-In Baggage Allowance PolicySeat ComfortValue-Added ServicesCebu Pacific Add-On ServicesAirAsia’s Add-On ServicesWhich is Cheaper: AirAsia or Cebu Pacific?Cebu Pacific vs AirAsia: Loyalty ProgramsFinal Thoughts: Which is Better, AirAsia or Cebu Pacific? Number of Destinations and Flight Routes Fondly called Ceb Pac, Cebu Pacific claims that it’s the leading airline in…
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Dealing with the Unexpected: What Happens to Your Money When a Bank Closes
- By Jay Pagkatotohan
- July 1, 2022
The idea of your money being safe in the bank lets you sleep peacefully at night. You know that no one can ever touch your hard-earned money—unless there’s a massive system breach or your bank suddenly ceases to operate. You can easily wrap your head around the cases of system breaches. After all, your bank still stands and it’s bound to settle the issue. However, a bank shutting its operations is a different story. Depending on how you receive the news, it can be quite panic-inducing. The very institution that’s supposed to help you manage your financial affairs is ending things with you. What now? This guide details what happens when a bank closes. Also outlined are the important bits of information about what will happen to your deposit accounts and loans in such cases. Table of ContentsA Tale of Two Banks: ING and Citibank Exiting the Philippine Retail OperationsMy Bank Will Close Down. Should I Worry?What Happens When a Bank Closes in the Philippines?What Happens to Your Money If a Bank Closes?What is the Philippine Deposit Insurance Corporation (PDIC)?What Does the PDIC Deposit Insurance Cover?If I Have More Than ₱500,000 in My Deposit Account, Will I Lose the Excess Once the Bank Shuts Down?I Have Multiple Deposit Accounts in One Bank. Will My Insurance Coverage Increase?I Have Deposit Accounts Across Different Banks. Will Each Deposit Account Have a Separate Insurance Coverage?When Should I File a Claim with the PDIC?What Happens to My Loan When a Bank Closes?Final Thoughts A Tale of Two Banks: ING and Citibank Exiting the Philippine…
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Got Bills to Pay? Here’s Your Guide to Bills Payment Centers in the Philippines
- By Moneymax
- June 30, 2022
Hate rushing between different banks or offices to pay your bills? Or maybe you loathe dealing with overdue bills and disconnection notices? Good thing bills payment centers are accessible to Filipinos who need to settle their utility, government, and credit card bills all at the same time. These one-stop bills payment facilities are located in malls, supermarkets, convenience stores, and commercial buildings in cities, and even in remote towns. Not only can you do your shopping and perform other errands, but you can also save a separate trip just to pay off bills. Additionally, bills payment services also provide other financial services such as money remittance, money exchange, e-loading, and airline ticketing. So instead of making a trip to your nearest Meralco Bayad center, for example, you can just go to a bills payment center. Certainly paying bills online is the faster option, but there are still a lot of people who prefer to pay bills in cash or check over-the-counter. So if you’re one of these people, these are some bills payment centers that you can go to before your next due date. Table of Contents9 Bills Payment Center Options in the PhilippinesBayad Bills Payment ServiceCebuana Lhuillier Bills Payment ServiceECPay Bills Payment Centers at 7-Eleven and Other OutletsSM Bills Payment CentersRobinsons Business CentersPalawan Express Payment Centers7-Eleven CLiQQ KiosksRD Pawnshop Bills Payment ServiceM Lhuillier Pawnshop Bills Payment Service6 Handy Tips When Paying Bills in a Payment Center Bills Payment Center FAQs1. Does Bayad Center accept credit card payments?2. What bills can I pay at 7-Eleven Philippines?3. Where to pay Meralco bill…
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Is Polkadot a Good Crypto Investment? A Beginner’s Guide
- By Moneymax
- June 29, 2022
Cryptocurrencies can pique curious minds, especially when you relate them to investments and new payment methods—for a good reason. They offer a new way to handle transactions and interact with the digital world. If you’re reading this, there’s a good chance you have heard of Polkadot—and you may even have some questions about it. Polkadot is a blockchain platform that connects different blockchains, allowing for more seamless and secure transactions. Because of its unique abilities, Polkadot has the potential to revolutionize the world of crypto. In this guide, we’ll break down everything you need to know about the Polkadot coin, including how it works, where to buy it, and what makes it unique. So whether you’re just starting in crypto or looking for a new investment opportunity, read on to learn more about it. Table of ContentsWhat is Polkadot?What is Polkadot Crypto Used for?Is Polkadot Crypto a Good Investment?Where to Buy Polkadot Crypto?How Much is Polkadot Crypto?How to Buy Polkadot Crypto in BinanceFinal Thoughts What is Polkadot? Polkadot[1] is a next-generation protocol that enables scalability, security, and interoperability for blockchains. It does this by connecting disparate blockchains into one cohesive network. It can facilitate an internet where independent blockchains can exchange information and transactions transparently and allows users to have a decentralized web where everyone has control. Pioneers in the blockchain industry[2] such as Gavin Wood, who also co-founded Ethereum; Robert Habermeier, a Thiel fellow who has a background in research and development on blockchain technology; and Peter Czaban, the Technology Director of Web3 Foundation were the ones who created…
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How to Buy Ethereum and Other Things to Know About This Popular Altcoin
- By Moneymax
- June 24, 2022
The crypto market has been relatively quiet the past few weeks since the bear market (market that has lost more than 20% in a given year[1]). The latest updates you’ll find are price dips of Bitcoin and alternative coins or altcoins. The last downturn began in 2018, and investors say this could last for two years.[2] Still, this doesn’t mean crypto investors shouldn’t be optimistic. It’s a good time to explore and learn more about cryptocurrency. For example, Ethereum, which has gained the attention of crypto enthusiasts and traders alike in the past years. If you’re interested in buying Ethereum, this guide will teach you the basics of this altcoin. We’ll also cover some of the other things that make Ethereum so intriguing for investors and users, and how to buy your first Ethereum, among others. Table of ContentsWhat is Ethereum?How Does Ethereum Work?How Much Does It Cost to Buy 1 Ethereum?How to Buy Ethereum in the PhilippinesHow to Buy Ethereum on Coins.PHHow to Buy Ethereum on BinanceIs Ethereum a Good Investment?Final Thoughts What is Ethereum? Ethereum is a decentralized blockchain platform that runs smart contracts. These contracts are programmable and can be used to run decentralized applications (dApps). Ethereum was proposed in 2013 by Vitalik Buterin, and it went live in 2015. It’s the second-largest cryptocurrency by market capitalization after Bitcoin and has a native currency called Ether (ETH). Transactions on the Ethereum network are processed by miners, who are rewarded with ETH. Ethereum is unique in that it allows for the development of decentralized applications or dApps. These…
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College Scholarships in the Philippines Parents and Students Should Know
- By Moneymax
Did you know that a student from Isabela recently received a scholarship from Duke University[1] in Durham, North Carolina? Edrian Paul Liao, a Philippine Science High School graduate, dreams of creating innovations combining technology with agriculture to help farmers like his dad. Edrian’s story can be every Filipino student’s story, too, if you start searching for the right scholarships in the Philippines. It’s interesting to know that there are scholarship programs for incoming college students in the Philippines. You need not look far for financial assistance for students to pursue your dreams because we’ve compiled a list of where to apply for scholarships in the Philippines, from government agencies to private institutions. Table of ContentsWhat are the Available Scholarships in the Philippines for 2022?Government Scholarships for College Students in the PhilippinesPrivate Scholarships for College Students in the PhilippinesHow to Get a 100% Scholarship in the Philippines1. Prepare in Advance2. Start Collecting the Required Documents3. Learn More about the Scholarship ProgramOther Tips to Get Approved for a Scholarship1. Search for Scholarships Online and Apply Early2. Plan Ahead3. Prepare Well for Interviews and Entrance Exams4. Be Firm and ConsistentFinal Thoughts What are the Available Scholarships in the Philippines for 2022? Government Scholarships for College Students in the Philippines CHED Scholarship 2022 The Commission on Higher Education (CHED) is currently accepting applications for scholarships and grants for SY 2022-2023 under the State Scholarship Program (Full Scholarship and Partial Scholarship) and Private Education Student Financial Assistance (PESFA). Deadline of application: August 15, 2022 Total benefits: ₱120,000 for private colleges and universities ₱80,000 for public…
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Choosing the Best Money Changer in the Philippines: Things You Need to Know
- By Adji Hendrawan
- June 22, 2022
According to the Philippine Statistics Authority (PSA), the Philippines has an estimated number of 1.77 million OFWs.[1] With this figure alone, you can easily say that a lot of families here in the country receive dollars, yen, dinars, and wons regularly. Our country also has a lot of freelancers working for foreign companies. Thus, they’re earning in foreign currency, too. Whether you’re receiving OFW remittances or getting paid by international clients, chances are you’ve also kept the money because you’re waiting for the value of its peso equivalent to get higher. You’ll then have it exchanged when the right time comes. But getting the most out of your foreign currency doesn’t stop there. You also need to have it exchanged at the best money changer in the Philippines with good rates. The same rule applies if you’re exchanging your pesos with another currency. With that, we’ve come up with a list of the country’s top currency exchange centers, as well as other places where you can buy or sell dollars and other currencies. They offer reasonable foreign exchange rates, convenience, and safe transactions. Table of ContentsWhat is the Best Money Changer in the Philippines?Czarina Foreign ExchangeTivoli Money ExchangeLuLu ExchangeNaila’s Money ChangerMoonlight Money ChangerBest Remittance Centers with Money Exchange Service in the PhilippinesCebuana LhuillierM LhuillierPalawan PawnshopVillarica PawnshopBest Banks with Foreign Exchange ServicesPhilippine National BankBank of the Philippine IslandsSecurity BankForeign Exchange Shops and Counters in MallsTips for Choosing a Money Changer in the Philippines1. Avoid Changing Money at the Airport 2. If Possible, Avoid Paying Commission3. Compare Rates Before You Exchange Money4. Use…
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What Happens If I Don’t Pay My Taxes? Tax Evasion Penalties Every Taxpayer Must Know
- By Moneymax
- June 21, 2022
It’s easy to disregard your tax obligations when you’d rather focus on running your business or earning more from your freelance gigs. Not to mention that it’s hard to part away with your hard-earned money, and you aren’t sure whether the government will put it to good use if you pay taxes. Filing and paying taxes in the Philippines can be really daunting and stressful. But that’s nothing if you compare it to the troubles you might encounter if you don’t pay your taxes. Tax evasion penalties are something you wouldn’t want to deal with. If you’re a taxpayer, it’s important to be aware of the consequences of tax evasion. You must avoid taxation woes that may hurt your finances. In this article, we’ll take a look at what tax evasion is, its consequences, the penalties for tax evasion, and how you can avoid it. Table of ContentsWhat is Tax Evasion?Tax Evasion Examples in the PhilippinesTax Evasion vs Tax Avoidance: What’s the Difference?Tax Evasion Penalties in the Philippines1. Exorbitant Fine and Imprisonment2. Surcharge of 25% or 50% of the Tax Due3. Annual Interest of 20% on Unpaid Tax4. Penalty of 1/10 of 1% of Annual Net Income or ₱10,000 Whichever is Higher5. Compromise Penalties of up to ₱50,0006. Temporary Business ClosureHow to Avoid Tax Evasion in the PhilippinesBe Knowledgeable About the Tax Laws in the PhilippinesConsider Hiring a Tax Specialist or ConsultantWork with a Bookkeeper or Accountant to Take Care of Your BooksClosely Monitor all Receipts and Transactions What Happens If I Don’t Pay Taxes in the Philippines?How Do I Prove…
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Wield Your Virtual Sword and Earn: Your Guide on How to Play CryptoBlades
- By Jay Pagkatotohan
- June 17, 2022
Non-fungible token (NFT) games are all the rage these days. A lot of people dabbling in crypto are branching out to blockchain games to diversify their investments. Some seasoned gamers are even looking into various NFT titles, knowing that sooner or later, the gaming sector will fully embrace the metaverse. There are a lot of NFT games to choose from. But since you’re putting time and money towards this endeavor, it’s just practical to go for something simple yet potentially lucrative, such as CryptoBlades. If you want to learn how to play CryptoBlades, let this guide give you a walkthrough. Table of ContentsWhat is CryptoBlades?What is SKILL?How to Start CryptoBlades1. Create a MetaMask Wallet2. Purchase SKILL3. Mint Your Game Characters4. Mint Your WeaponsHow to Play CryptoBladesFirst of All: Know the ElementsNow, the GameplayHow to Make Money from CryptoBlades1. Play the Game2. Mint Your NFTs3. Trade Your SKILL4. Stake Your CryptoCryptoBlades FAQs1. Can I play CryptoBlades on Android or iOS?2. Is CryptoBlades a good investment? 3. How much is the CryptoBlades gas fee per battle?4. What is a CryptoBlades simulator?5. What is CryptoBlades Kingdom?Final Thoughts What is CryptoBlades? Developed by Riveted Games, CryptoBlades is an NFT role-playing game (RPG) that incorporates medieval aesthetics and fantasy elements. If you’re into the likes of Game of Thrones, this game may appeal to you. CryptoBlades’ main appeal is a reward system that allows you to earn the game’s tokens every time you defeat enemies, complete quests, and take part in other activities in the metaverse. And since it’s a blockchain game, you have actual ownership…
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LGBTQ Financial Planning: How This Couple Manages Their Money Wisely
They met in 2008 and quickly struck up a friendship when they realized they were both from the same neighborhood in Bulacan. The rest, as they say, is history. For the past 14 years, Moneymax’s Telesales Manager Warlough Madali and Jhayson Opimo have been navigating life and finances together like a well-oiled machine. And to celebrate Pride Month in the Philippines, this money-savvy couple shared their lessons and experiences with LGBTQ financial planning and wealth management. If you’re an LGBTQ single or couple with questions about LGBTQ finance, learn and be inspired by Warlough and Jhayson’s story. Table of ContentsBudgeting and Cash FlowMoney is Not an Issue Shared Payments and Combined Savings Savings Goals and Sacrifices Saving is Easy But…Investments Short-Term vs. Long-Term InvestmentsDiversity Fruits of Their Labor Recommended Learning Resources for Stock Investing Life InsurancePartners as BeneficiariesHealth InsuranceRetirement Preparing for their Golden YearsFinancial Planning RoadblocksAchieving Financial Goals Together Consistency is KeyThe Best Thing About Their Relationship Best Financial Advice to LGBT Couples Final Thoughts Budgeting and Cash Flow Warlough and Jhayson had completely different views about money early in their relationship. Maybe because they came from different family backgrounds, and Warlough is older by 10 years and had more experience with money management. Jhayson was at that stage where he wanted to enjoy what he earned. He didn’t think much about saving and budgeting. Warlough, on the other hand, was done with the mindless spending and the happy-go-lucky stage. He was taking his finances more seriously. But with Warlough’s encouragement and help, Jhayson began to be more conscious of his spending and saving habits. Being in a long-term relationship also…
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All the Important Things You Need to Know About Abra Wallet
- By Jay Pagkatotohan
- June 16, 2022
In the crypto world, there’s a sea of virtual wallets promising reliability and protection―as they should. But finding the right one can be quite overwhelming. If you’re already an experienced crypto investor, you’ve probably heard of Abra Wallet. But in case you’re a newbie and the name doesn’t ring a bell, you’ve come to the right place. Outlined below is your guide to Abra Wallet. It covers all the essentials, from signing up to withdrawing your funds. Keep reading to learn more. Table of ContentsWhat is Abra Wallet?Is Abra Wallet Legit?Why Should I Use Abra Wallet?1. The App Supports More Than 100 Cryptocurrencies2. It’s Practically Present Everywhere3. It Allows You to Manage Your Crypto Portfolio EasilyHow Do I Sign Up for an Abra Account?How Do I Get My Abra Wallet Verified?How Can I Fund My Abra Wallet?Depositing Funds into Abra Wallet via BankDepositing Funds into Abra Wallet via Abra TellerDepositing Crypto in Abra WalletHow Can I Start Trading Crypto via Abra Wallet?How Can I Withdraw Funds from Abra Wallet?Withdrawing Funds from Abra Wallet via BankWithdrawing Funds from Abra Wallet via Abra TellerWithdrawing Crypto to Your Third-Party WalletAbra Wallet FAQs1. Does Abra Wallet charge any fees?2. How can I transfer funds to Abra Wallet using GCash?3. Is there another method to fund my Abra Wallet that doesn’t require my smartphone?4. Are there other ways to make money using my Abra Wallet?Final Thoughts What is Abra Wallet? Founded in 2015, Abra claims that it’s the world’s first global investment app designed for the future of finance. While it’s branded as a crypto…
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How Much Money Should I Save for a Child’s Education?
- By Moneymax
Have you started saving for your child’s future? If so, are you saving enough? To say that the cost of education in the Philippines is expensive is an understatement. Higher Education Institutions in the country increase their tuition and other fees by about 10% year-over-year.[1] However, financially preparing for your kid’s future is doable, if you do it early. You might think that tuition fees in the Philippines have become lower because students don’t go to school physically and are instead taking distance learning or online learning classes at home because of the pandemic. However, this is not the case for most schools because other facilities like internet connection and equipment need to be upgraded to facilitate online classes. As we gear up for the reopening of classrooms for face-to-face instructions, ask yourself: How much do I really need to prepare for my child’s education? Table of ContentsThe Differences Between Private Schools and Public SchoolsHigher Tuition Fees in Private SchoolsBetter Facilities in Private SchoolsLarger Class Sizes in Public SchoolsDifferences in the Medium of InstructionHow Much Do Tuition Fees in the Philippines Cost?Average Annual Tuition Costs in Private SchoolsTuition Fees of Top Universities in the Philippines 1. Ateneo de Manila University2. De La Salle University3. University of the Philippines Diliman4. University of Santo Tomas5. University of San Carlos6. University of Asia and the Pacific7. Silliman University8. San Beda University9. Mapua University10. De La Salle College of Saint BenildeThe Different Factors Affecting the Cost of Education1. Your Target School and Course2. Your Target School’s Current Tuition3. Number of Years Until Your Child…
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Transferring or Receiving Money? Check This Complete SWIFT Code and Bank Code List
- By Adji Hendrawan
- June 14, 2022
When making international money transfers, you’re usually required to enter the bank SWIFT code (or bank code for PayPal transactions). Just what are these codes and what are they used for? How can you find them? Fortunately, these unfamiliar codes are actually simple to decode. This guide provides everything you need to know from SWIFT code meaning to the different SWIFT codes and bank codes in the Philippines. Table of ContentsSWIFT Codes (BIC) in the PhilippinesWhat is SWIFT Code?When Do You Use a SWIFT Code? How to Find Your Bank’s SWIFT CodeBank Codes (BRSTN) in the PhilippinesWhat is a Bank Code?When Do You Use a Bank Code?How to Find the Bank CodeBank Codes of Philippine BanksFinal Thoughts SWIFT Codes (BIC) in the Philippines What is SWIFT Code? The SWIFT code is an international code used for identifying business parties—usually banks—and routing financial transactions worldwide. This ensures that funds are transferred quickly and securely to the right bank. This code is also known as BIC (Business Identifier Code), BIC code, SWIFT-BIC, or SWIFT ID. It consists of eight to 11 characters with the following format: Four-character bank code Two-character country code Two-character location code Optional three-character branch identifier For example, BPI SWIFT code: BOPIPHMM BOPI = Bank of the Philippine Islands PH = Philippines country code MM = Metro Manila SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, a network based in La Hulpe, Belgium that manages SWIFT codes. When Do You Use a SWIFT Code? The BIC tells banks and remittance companies where to send the money. This is why you…
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[Battle of the Brands] Globe vs Smart: Which Mobile Network Reigns Supreme?
- By Adji Hendrawan
- June 10, 2022
It’s either you’re a Globe user or a Smart loyalist—that’s the reality for many of us. After all, these two telecommunications juggernauts are the only ones dominating the game. Globe Telecom, which is owned by the Ayala Corporation, is undoubtedly one of the biggest and most profitable companies in the country. As of 2021, it has more than 86 million subscribers.[1] PLDT-owned Smart, on the other hand, trails behind, racking up over 71 million users last year.[2] But things are certainly about to change with the entry of DITO Telecommunity, the third major telco player. It has already launched its mobile data, 5G home WiFi, and basic text and call services.[3] For now, let’s just focus on the duopoly of Globe and Smart. This edition of the Battle of the Brands will compare the two networks’ prepaid and postpaid mobile services. Moreover, this comprehensive Globe vs Smart guide will help you decide whether it’s much wiser to stick to your current network or make the switch. We’ve also looked into the travel SIM packages offered by these companies to help OFWs/balikbayans and foreign tourists decide which service is much better for them. Table of ContentsGlobe vs Smart Prepaid ServicesPrepaid RatesCall and Text PromosSurf-Only PromosCombo PromosGlobe vs Smart Postpaid PlansSIM-Only Postpaid PlansPostpaid Plans with DeviceGlobe vs Smart: 5G AvailabilityGlobe vs Smart: Mobile Data Connection SpeedMobile Video ExperienceDownload SpeedUpload SpeedGames ExperienceVoice App ExperienceSo, is Globe Faster than Smart?Globe vs Smart Travel SIMGlobe vs Smart: Final Thoughts Globe vs Smart Prepaid Services As a regular consumer, you’re surely wondering which network offers the…
