How to be an Independent Woman: A Guide to Achieving Financial Independence
- By Adji Hendrawan
- March 3, 2022
The road to financial security tends to be bumpier and more challenging for women. But with the right mindset, hard work, and a sound financial strategy, women can overcome any financial challenge and secure their financial future. Learning how to be an independent woman doesn’t happen overnight, though. Apart from discovering your strong and brave self through life experiences, you should also build strong finances and strengthen them as you grow older. Table of ContentsHow to be an Independent Woman: Overcome These Challenges to Achieve Financial IndependenceDifficulty Making Ends MeetNot Being Financially Prepared for the Unexpected Knowing Too Little About InvestmentsGrowing Expenses Not Saving for Retirement Final Thoughts How to be an Independent Woman: Overcome These Challenges to Achieve Financial Independence For many women, becoming a financially independent woman is easier said than done. If you’re struggling to understand the meaning of independent woman these days because of your own financial challenges, here are some ways to help you overcome them. Difficulty Making Ends Meet Many women are barely able to manage financially. Maybe because their income isn’t sufficient, or there are just too many people financially dependent on them. As a result, there’s hardly any money left for their own needs. This is a very stressful situation to be in, especially when it’s starting to feel like you’re living your life just to work and pay the bills. What to do: Shift your focus to making more money, since being frugal and slashing unnecessary expenses can only get you so far. There are so many things you can do as a side…
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Metrobank Online: How to Create an Account, Send Money, Check Balance, Pay Bills, and More
- By Jay Pagkatotohan
- March 2, 2022
Gone are the days when you had to rush to the bank before 4 p.m. to deposit money, withdraw funds, and pay bills. With the banking sector’s digital transformation, the term “banking hours” is slowly becoming dated. Being one of the biggest banks in the country, Metrobank makes sure that it has a reliable platform catering to its digitally savvy customers. Enter Metrobank Online. Metrobank Online is simply an upgrade from its old digital banking channel, MetrobankDirect Personal. It has a slew of enhanced features that makes banking a breeze. Whether you’re an existing or a new Metrobank accountholder looking to take your transactions online, you’ve come to the right place. Here’s everything you need to know about this bank’s new and improved online platform. Table of ContentsWhat is Metrobank Online?How Safe is Metrobank Online?Where is Metrobank Online Available?Who Can Use Metrobank Online?How to Enroll with Metrobank OnlineHow to Enroll Additional Metrobank AccountsHow to Check Your Metrobank Account BalanceHow to Check Your Credit Card Balance on Metrobank OnlineHow to Send Money to Other Banks with Metrobank OnlineSteps for Sending Money by Using a Fund Transfer FormSteps for Sending Money by Scanning the Recipient’s QR CodeHow to Transfer Money to Your Other Metrobank Account via Metrobank OnlineHow to Pay Bills via Metrobank OnlineHow to Schedule Banking Transactions on Metrobank OnlineHow to Buy Prepaid Load via Metrobank OnlineHow to Open a Time Deposit Account on Metrobank OnlineHow to Enroll My Existing UITF account on Metrobank OnlineFinal Thoughts What is Metrobank Online? Metrobank Online is Metrobank’s flagship online banking platform. It’s the…
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For Crypto Beginners: How to Use Binance, the World’s Largest Crypto Exchange
- By Jay Pagkatotohan
- February 28, 2022
Whether you’re a seasoned crypto investor or a newbie, there’s no excuse for not knowing Binance. After all, it’s one of the leading crypto exchanges in the world. If you’re dabbling in virtual currencies and looking for a place where you can trade, Binance may make a good choice of platform. In this article, you’ll gather everything you need to know about this massively popular crypto exchange. It also comes with a short guide on how to use Binance. Table of ContentsWhat is Binance and How Does It Work? Where is Binance Available? How to Create a Binance AccountHow to Get Your Binance Account VerifiedHow to Fund Your Binance AccountSteps to Adding Fiat Money to Your AccountSteps to Adding Crypto to Your Binance AccountHow to Use Binance App for Trading Cryptos Binance FAQs1. Is Binance safe? 2. What coins can I trade on Binance? 3. I’ve heard about Binance Coin. Can you explain what it is? 4. Does Binance charge fees? 5. Can I store NFTs on Binance? Final Thoughts What is Binance and How Does It Work? Binance is a crypto exchange founded in 2017 by Chinese-Canadian coder Changpeng Zhao or CZ. Various finance publications hail Binance as the world’s largest crypto exchange. And the company has the credentials to substantiate that. Binance claims that about 1.4 million transactions are executed on the platform every second, and its website sees an average daily volume of two billion.[1] What makes Binance unique is that its exchange works in conjunction with other Binance-branded services, thus forming a sustainable ecosystem. Here are Binance’s other services: Trust Wallet: This is the official…
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What is PDAX and How to Trade Cryptocurrencies in It?
- By Jay Pagkatotohan
- February 24, 2022
The future of cryptocurrency in the Philippines is optimistic. Last year, the Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno revealed that the volume of crypto transactions rose nearly five times to 20 million. This means that this figure rose 71% year on year to ₱105.93 million.[1] It’s safe to say that the pandemic pushed a lot of people to try new investments and sources of income, such as virtual currencies and NFT-based games. As the country becomes more crypto-friendly, a few local fintech companies have also built crypto exchanges. If you’re an investor, it just means easier and cheaper trading. One of the most popular exchanges these days is PDAX. You might have already heard of it, which is why you’re looking for more information. So here’s a detailed primer on everything you need to know about this homegrown crypto exchange. This article also includes a guide on how to use PDAX. Read more: From Digital Art to Music: These NFT Celebrities are Earning Serious Money Table of ContentsWhat is PDAX?Is PDAX Legit? How to Use PDAX? 1. Create Your PDAX Account2. Verify Your Account3. Add Funds to Your PDAX Wallet4. Start PDAX TradingSteps to Buying Crypto on PDAXSteps to Selling Crypto on PDAXFAQs on How to Use PDAX1. Which PDAX cryptocurrencies can I buy and sell on the platform?2. What are the IDs accepted by PDAX for account verification? 3. My verification is declined. What should I do?4. Is PDAX secure? 5. What is a PDAX premium account? Final Thoughts What is PDAX? Formally known as the Philippine Digital Asset Exchange, PDAX is a…
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Opening a Time Deposit in the Philippines? Know the Steps, Rates, and Other FAQs
- By Adji Hendrawan
- February 23, 2022
Is a time deposit in the Philippines a good investment option? Cliche as it may sound, the answer is “It depends.” It depends on your financial goals, as well as the bank where you’ll open a time deposit. In general, having your money held by the bank for a long time can be beneficial, except when you decide to terminate your agreement earlier than expected. Several other considerations may also affect your decision whether to go for it or invest elsewhere. Making a smart investment decision starts with knowing and understanding what you’ll be getting into. Of course, you want to grow your money, not lose it. So here’s what you need to know about time deposits in the Philippines. Table of ContentsWhat is Time Deposit?How Time Deposit Works in the PhilippinesHow to Open a Time Deposit in the PhilippinesWhat are the Requirements to Open a Time Deposit?How to Compute Time Deposit InterestWhat are the Fees and Charges of a Time Deposit?What’s the Best Bank for Time Deposit?Is a Time Deposit in the Philippines Worth Having?The Pros of Investing in a Time Deposit Account1. You Can Invest for as Low as ₱1,0002. Time Deposits are a Safe and Stable Investment Option3. Interest Rates are Higher Than Regular Savings Accounts4. Interest Rates are Fixed and Guaranteed5. You’ll Get Higher Earnings with a Higher Deposit and Longer-Term6. You Can Receive Interest Payouts7. Time Deposits are Also Available in Foreign Currencies8. It’s Simple to Set Up and Understand9. No Fees Involved, But Earnings are Taxed10. Time Deposits are Insured11. You Can Borrow Money…
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RCBC Online Banking Guide to Managing Your Finances at Home
Rizal Commercial Banking Corp. (RCBC) saw a total of 75% growth in both the mobile and online versions of its banking app, bringing in ₱109 billion in revenue for 2021.[1] The bank has also introduced its pioneering app-based services, such as the country’s first digital investment management account (IMA) opening, digital concierge, and mobile check deposit, just to name a few.[2] It’s clearly a sign that the use of mobile and online banking in the Philippines will just continue to rise from here. That’s why it’s important to familiarize yourself with online banking. If you have an RCBC banking account, here’s how you can use RCBC Online Banking. Table of ContentsRCBC Online RegistrationWhat Type of RCBC Accounts Can I Enroll?How to Enroll in RCBC Online BankingRCBC Online Balance InquiryHow to Check Your Balance via RCBC Online Banking WebHow to Check Your Balance via RCBC Online Banking AppHow to Deposit a Check via RCBC Online Banking AppRCBC Online Banking Money TransferRCBC Online Banking Fees and Transaction LimitsHow to Transfer Money via RCBC Online Banking WebHow to Transfer Money via RCBC Online Banking AppHow to Transfer Money via QR Code in RCBC AppHow to Send Cash via RCBC ATMs and BranchesRCBC Bills Payment OnlineHow to Pay Bills via RCBC Online Banking AppRCBC Online Banking FAQs1. I forgot my RCBC Online Banking ID/Password. What should I do?2. How do I reactivate my RCBC Online Banking account?3. I’m travelling outside the Philippines. Can I still receive my OTP?4. Can I install the RCBC Online Banking app in multiple devices?Final Thoughts RCBC Online Registration The…
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A Quick and Easy Guide on How to Sell on Facebook Marketplace
- By Moneymax
- February 22, 2022
If there ever was a close competition between physical and online stores, the pandemic definitely tipped the balance in favor of the latter. That reality has both good and bad implications, depending on what lens you look at it through. But if you’re someone who’s interested in exploring online spaces whether as a buyer or a seller, you’ll find that many benefits await you. Commercial platforms for all kinds of products abound online. You’ve probably heard of one of the more popular ones: Facebook (FB) Marketplace. With Facebook being among the top social networking sites across the globe, FB Marketplace continues to generate buzz, especially as more businesses and consumers migrate online. If you’re curious about how to sell on Facebook Marketplace (and how to buy items as well), this quick guide is right up your alley. Table of ContentsWhat is Facebook Marketplace?How to Set Up a Marketplace AccountHow to Buy on Facebook MarketplaceA Word of Caution When Buying on Facebook MarketplaceHow to Sell on Facebook MarketplaceTips to Improve Your FB Marketplace Listing and Sell Successfully1. Name Your Price2. Use High-Quality Photos3. Give Complete and Accurate Product Descriptions4. Don’t Be Vague About Your Listings5. Manage Your Customers Expectations Regarding Shipping and Deliveries6. Boost Your Listings7. Learn More About Facebook MarketplaceKeeping Track of Your Facebook Marketplace TransactionsFinal Thoughts What is Facebook Marketplace? Launched in 2016, Marketplace is an e-commerce platform integrated into the Facebook app as a free feature. It was originally developed to capture the essence of the buy-and-sell group model on Facebook, but it eventually morphed into something bigger that…
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How to Get ITR in the Philippines: Guide to Responsible Filing of Taxes for Mixed-Income Earners
- By Moneymax
For many, having one job isn’t enough. This is especially true for those who are raising a family. Nevertheless, those who have grand plans for the future are also taking on more roles to build their savings. If you’re someone who works multiple gigs on top of your day job, you may consider yourself a mixed-income earner. At some point, you might have wondered how you’re supposed to organize your taxes. Your employer’s HR and accounting departments are already taking care of the filing of your day job’s tax. But how should you file your other gigs’ taxes? You’ve come to the right place. We’ve put together a short guide on how mixed-income earners can file their taxes. Moreover, this article covers the steps on how to get ITR in the Philippines. Table of ContentsWho are the Mixed-Income Earners?Before Filing Your Taxes: Register Yourself as a Mixed-Income EarnerDocumentary RequirementsStep-by-Step Guide to Filing Your BIR Form 1901Ready to File Your Taxes? Get to Know Your BIR Form 1701When to File Your BIR Form 1701How to File Your Income Tax Returns in the Philippines1. Electronic Filing and Payment System (eFPS)2. Electronic BIR Forms (eBIRForms)3. Manual FilingHow to Get ITR in the Philippines Online?1. Contact BIR’s Customer Assistance Division2. Check Your ITR Through eFPS3. Request for Your ITR Through the FOI WebsiteTips for Organizing Your Taxes as a Mixed-Income Earner1. Create a Separate Bank Account for Your Business2. Start Setting Money Aside for Your Taxes3. Be Keen on Recording4. Seek the Services of a Professional5. Keep Your Invoices and Receipts6. File Ahead of…
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How to Set Up Your MetaMask Wallet and Other FAQs
- By Moneymax
- February 18, 2022
Your cryptocurrency journey starts with joining a platform to access the blockchain. With numerous crypto wallets available right now, new investors and traders naturally want to get the best to safekeep all their digital assets. With that, you can try the MetaMask wallet, which is a crypto wallet downloadable as a mobile app or as a chrome extension. A MetaMask wallet may seem just like any other crypto wallet out there. But this specialized blockchain wallet allows users to do more than just store and manage their digital assets. Read on as we walk you through what you need to know about the MetaMask wallet. Table of ContentsWhat is a MetaMask Wallet?What Do You Use a MetaMask Wallet For?Manage Your Digital PortfolioSet Up Wallets for Other PlatformsReceive ETH from Other WalletsHow Do You Set Up a MetaMask Wallet?How to Set Up MetaMask Using the Metamask Chrome ExtensionHow to Set Up MetaMask Using the Mobile AppHow to Load MetaMask WalletMetaMask Wallet FAQs1. Do I need to register on a website before using the MetaMask platform?2. What are seed words or seed phrases?4. What is a public address and why is it important?5. Can I sync my account from a Chrome extension with the MetaMask mobile app?6. Do I need to fund my MetaMask account to start using it? 7. Is MetaMask legit and safe to use?8. Can I withdraw money directly from my MetaMask wallet to my bank account?Final Thoughts What is a MetaMask Wallet? A MetaMask wallet is a free crypto wallet that allows you to manage your digital currencies and…
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Earn Extra This 2022 with a Loading Business in the Philippines
- By Adji Hendrawan
- February 17, 2022
Unemployment may have eased in 2021,[1] but the number of Filipinos with a stable source of income still lags behind pre-pandemic statistics. This is why many of us are exploring ways to earn more. From franchising to online selling, a loading business in the Philippines is also a great option for anyone who wants to earn extra easily. In fact, a loading business is one of the cheapest small businesses to start, with a capital of less than ₱2,000. Anyone including housewives, students, kasambahays, sari-sari store owners, and office workers can easily earn money as a prepaid load retailer. At a glance, an e-loading business in the Philippines may not seem very profitable. But it’s still a good opportunity to earn extra income on the side. With almost 130 million mobile prepaid subscribers in 2018,[2] the Philippines has a huge market for e-loading services. And it will keep growing with work-from-home and distance learning schemes being implemented. Customers will keep coming to loading stations to buy prepaid load for calling, texting, or surfing the internet. Table of ContentsWhy Should You Consider a Loading Business in the Philippines?You Can Use the Load for Personal Needs You Can Use Any Active SIM Card You Have You Only Need a Modest Capital No Need to Meet Monthly Quotas You Can Run the Business from Anywhere How Much Would I Earn From an e-Loading Business?How to Start a Loading Business in the Philippines6 Steps to Becoming an e-Load RetailerHow Can I Start a Loading Business Using GCash?How Can I Start a Loading Business Using…
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Know How to Invest in Real Estate and Boost Your Investment Portfolio
- By Moneymax
- February 14, 2022
When it comes to investing, real estate is always a sound option. Perhaps you’re already a homeowner and are looking to invest in other properties. But for Filipinos who are new to this venture, buying and owning property can seem daunting. Either way, it’s important to know the basics of how to invest in real estate. Properties have the potential for growth and stability that stocks or bonds can’t promise. Even if you’re starting as an investor with no experience whatsoever in this field—your first time buying property could end up being profitable. There are many risks to investing in any property. But as with most things, there’s a learning curve. You’ll need some experience before jumping into the deep end. It takes practice and knowledge to reap the rewards of a real estate investment. So here’s what first-time real estate investors should know about how to invest in real estate in the Philippines. Table of ContentsWhat is Real Estate Investment?Is Investing in Real Estate in the Philippines a Good Idea?Real Estate Investment AdvantagesReal Estate Investment DisadvantagesWhere Can I Invest?Types of Real Estate Investments1. Buy and Sell2. Buy and Hold3. Rental Properties4. Real Estate Investment Trusts5. Shared Ownership Properties6. Co-op InvestmentsHow to Turn a Home Into an Investment1. Research Rental Rates Within Your Area 2. Determine Financial and Tax Concerns Related to Rentals3. Prepare Your Documentation on Landlord-Tenant Agreement4. Consider Necessary Repairs and Improvements 5. Work with Real Estate Agents for Listings and Marketing How to Make Money in Real EstateIncreasing Property ValueRegular Income PaymentsProperty Investment Ideas in the Philippines1. Bed-Spacing and Condo-Sharing2….
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Grow Your Hard-Earned Money: How to Invest in Mutual Funds in the Philippines
One way of preparing yourself to be financially secure in the future is finding the right investment to grow your money. Stocks and bonds are just a few of the well-known forms of investments where you can put your money now and earn profits later. But did you know that mutual funds in the Philippines are also a beginner-friendly way to let your money grow? With the help of a fund manager, you can manage your investment portfolio by allowing them to make decisions on your behalf. To know if mutual funds are the right investment for you, check this guide that will help you learn how they work and how you can earn from them. We’re breaking down the basics for you, so keep reading to get a head start on investing in mutual funds in the Philippines. Table of ContentsWhat is a Mutual Fund in the Philippines?How Do Mutual Funds Work? 4 Types of Mutual Funds in the Philippines💸 Bond Funds💸 Equity Funds💸 Money Market Funds💸 Balanced FundsHow Do Mutual Funds Differ From Other Investments?Mutual Funds vs UITFMutual Funds vs StocksMutual Funds vs ETFsHow Can I Earn Money from Mutual Fund Investing?📈 Dividends📈 Capital Gains📈 Increased Net Asset ValuePros and Cons of Mutual Funds InvestmentMutual Funds AdvantagesMutual Funds DisadvantagesHow to Invest in Mutual Funds in the Philippines1. Evaluate Your Goals2. Choose the Right Company That Fits Your Needs3. Talk to Your Agent4. Pick the Best Type of Mutual Fund for You5. Submit the Requirements6. Track Your InvestmentBest Mutual Funds in the Philippines in 2022☑️ Top-Performing Bond Funds☑️ Top-Performing…
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Money’s No Problem with These 10 Savings Tips for Couples
- By Moneymax
- February 11, 2022
When couples get married or move in together, they naturally take shared responsibility for each other along with their finances. But misunderstandings about money can’t be avoided, often resulting in strained relationships. Following practical and sound saving tips for couples can help iron out the most common money problems. Still, financial plans should be laid out early on to avoid any future tension in the relationship. One of the most important and urgent matters that you and your partner should settle from the get-go is how to split your finances. How should you manage your expenses and save up for your goals? There’s no one-size-fits-all rule, so here are some financial tips for couples to help you out. Table of ContentsEffective Saving Tips for Couples1. Understand Each Other’s Money Personality2. Set Your Financial Goals Together3. Find a Money Management Strategy that Works4. Identify Needs Vs. Wants5. Set Guidelines for Spending6. Maximize Your Benefits7. Discuss Job Security8. Decide If You’re Financially Ready to Have Kids9. Establish an Emergency Fund10. Review Your Finances RegularlyFinal Thoughts Effective Saving Tips for Couples It may surprise you that you and your partner get along with everything, except with money matters. This doesn’t mean you need to break up or that you’re going to be financially miserable together. You can succeed financially together by doing the following. 1. Understand Each Other’s Money Personality The key to good financial health and a smooth-sailing relationship is knowing and understanding each other’s views and behavior towards money. Discover your money personality[1] as well as your partner’s. If you know…
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Get in the Game: What You Need to Know About Axie Infinity’s Smooth Love Potion (SLP)
Perhaps one of the good things about investing in crypto is that there’s always a new coin to watch out for. And who knows, this new coin may become the next bitcoin or Ethereum. If you’ve been dabbling in this trade for quite some time now, you’ve probably heard about Smooth Love Potion or SLP, a relatively new crypto tied to the popular blockchain-based game called Axie Infinity. Filipinos have been particularly crazy about Axie Infinity since the pandemic. For many, it’s a good source of income. The game isn’t too technically demanding, which means that you can make money easily during your free time. If you’re interested in making it big in Axie Infinity, it’s important that you understand how the SLP coin works. Check out this guide that details everything you need to know about this token. Table of ContentsBefore Anything Else: A Brief Primer on Axie InfinitySo, What is Smooth Love Potion?How Much is Smooth Love Potion Now?How Do I Earn Smooth Love Potion?1. Battle Monsters in Adventure Mode*2. Fight Other Players in Arena Mode3. Go on Daily Quests*What Can I Do with Smooth Love Potion?1. Use it for Breeding Axies2. Sell it at Exchanges3. Buy Real-Life Items Smooth Love Potion FAQs1. What’s the difference between Smooth Love Potion and Axie Infinity Shards? 2. What’s the difference between Smooth Love Potion and Small Love Potion?3. How can I buy Smooth Love Potion? 4. How can I sell Smooth Love Potion? Final Thoughts Before Anything Else: A Brief Primer on Axie Infinity To fully understand and appreciate the nature of Smooth…
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Buying a House at 30 is Possible―Here’s How You Can Do It
- By Moneymax
- February 9, 2022
Are you afraid of being in your 30s? You shouldn’t be. It sounds clichéd, but the best is yet to come. You can always think of this phase as an upgrade because you’ve become much wiser, bolder, and more grounded. If you think that you haven’t peaked in your 20s, the good news is that your 30s offers a lot of exciting achievements waiting to be unlocked, such as home ownership. Let go of that notion that you’re supposed to own a home before your 30s. That’s an outdated belief. After all, you’re free to buy whatever you like whenever you feel comfortable doing so. If you’re planning on buying a house at 30, we’ve created a comprehensive guide to help you out. Table of ContentsWhy Buying a House at 30 Makes Sense1. You’re Financially Wiser2. You’ve Built a Good Credit History3. You Can Afford Higher Monthly Payments4. Your Career is Already Established5. You’ve Already Decided Where to Live7 Steps to Buying a House at 301. Decide on Your Home-Buying Budget2. Get Pre-Qualified for a Mortgage3. Save Up for a Down Payment4. List Down Your Must-Haves5. Shop for Homes6. Visit Possible Homes to Buy7. Get a Home LoanFinal Thoughts Why Buying a House at 30 Makes Sense You might have wished that you had a high-paying job or stumbled upon a windfall during your 20s, so you could buy a house. But it’s not too late! Buying a house at 30 is actually the ideal period for home ownership. Take a look at the reasons here: 1. You’re Financially Wiser Gone…
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Romantic and Low-Key Valentine’s Gift Ideas This 2022
- By Moneymax
- February 4, 2022
Valentine’s day is that time of the year to celebrate the special people in our lives. And with all the challenges we’ve all been through because of the pandemic, we all want to make Valentine’s Day this 2022 a memorable one through the best Valentine’s gift ideas. But looking for the best gift for Valentine’s may not be as easy as it was before the pandemic. Aside from social distancing measures and new variants silently threatening our shopping experience, we also have to consider our budget. So, if you’re planning to skip the expensive flowers and chocolates this year, check out our list of Valentine’s gift ideas that are special, romantic, and easy on the pocket, too. Table of Contents7 Valentine’s Day Gift Ideas Under P5001. Artwork2. Potted Plants3. Slideshow or Video Montage4. Journal and Craft Materials5. A Flash Drive Full of Music6. A Rare Booksale Find7. DIY Coupons6 Valentine’s Day Gift Ideas Below P1,0001. Framed Photos for a Wall Gallery2. Home-Cooked Steak Meal3. Home Service Foot Spa, Mani, and Pedi4. Buy or Rent a Movie5. Personalized Miniatures6. Vehicle Repair Tool SetFinal Thoughts 7 Valentine’s Day Gift Ideas Under P500 Of course we want to lavish our loved ones with gifts that will delight them and reaffirm our love for them. But more often than not, the simplest gifts make the most unforgettable ones, too. 1. Artwork Create something that’s inspired by your partner. If you’re an artist, a portrait of your special someone will do the trick. You can also come up with a scrapbook of your relationship. Add photos,…
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Investors, Beware: Common Cryptocurrency Scams and How to Avoid Them
Crypto investing can be lucrative when done right. For those whose spirits can’t be dampened by losses, it can be pretty thrilling, too. Needless to say, cryptocurrency has taken the world by storm. The technology behind it is fascinating, and its perceived gains appeal to a lot of people who want to have a better future. But crypto investing is not without risks. For one, it’s volatile. If you don’t play your cards well or you become greedy, you might lose big time. But more than that, the crypto industry’s rife with opportunists and schemers who won’t hesitate to take advantage of both seasoned and inexperienced investors. Protect yourself from fraudsters by knowing the common cryptocurrency scams. Learn about them here. Table of ContentsWhat are the Common Cryptocurrency Scams to Watch Out For?1. Fake Coins2. Rug Pull Crypto3. Pyramid Schemes4. Phishing 5. Giveaway and Influencer Scams 6. Social Engineering Fraud How to Avoid Cryptocurrency Scams 1. Stay Away from Offers That are Too Good to Be True2. Only Trade at Trusted Crypto Exchanges 3. Always Check the Websites That You Visit 4. Check New and Upcoming Coins 5. Don’t Trust Anyone Easily Final Thoughts What are the Common Cryptocurrency Scams to Watch Out For? Some scams are easy to identify. However, some may require sharper eyes and a more astute perception. Here are some of the modus operandi of crypto scammers. 1. Fake Coins The likes of bitcoin and Ethereum are already big and expensive, and you may have the impression that it’s too late to invest in them. As a result, you’ll look for altcoins (alternative coins)…
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Moneymax Wins Marketing Excellence Award for “Build Your Financial Wellness” Campaign
- By Moneymax
- February 3, 2022
Manila, Philippines – February 2022. For empowering Filipinos to be financially healthy and resilient amid the COVID-19 pandemic, Moneymax was hailed the Bronze winner in the Content Marketing category at the Marketing Excellence Awards. An independent judging panel composed of high-caliber, senior industry experts from reputable brands selected the awardees for 2021. Winners were announced in a virtual awards ceremony[1] held last January 28. The Marketing Excellence Awards is a prestigious awards program that celebrates, recognizes, and rewards outstanding marketing campaigns in the Philippines.[2] It is the premier platform for marketers to showcase their creative excellence, successful strategies, and effective delivery. Moneymax Co-General Manager Munmun Nath said: “Making it as a finalist in our category—alongside highly esteemed brands like GMA Network and Ayala Malls—is already a huge honor for our team. Even more, bagging one of the top awards motivates us to strive hard to help Filipinos lead healthier financial lives through informative, engaging, and inspiring content.” Read more: 10 Reasons Why Moneymax is a Trusted Personal Finance Platform in the Philippines Helping Filipinos Achieve Financial Wellness During COVID-19 Moneymax’s win is for the campaign “Build Your Financial Wellness During the Pandemic,” addressing two key challenges consumers face: lack of financial literacy and anxiety due to debt. Data from the latest Bangko Sentral ng Pilipinas (BSP) Financial Inclusion Survey[3] revealed that financial literacy remains low in the Philippines. This makes it difficult for Filipinos to cope with COVID-19’s financial impact, the BSP noted.[4] Moreover, managing debt was a struggle for 70% of Filipinos during the pandemic, found a study by…
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Cold Feet or Something Else? 10 Signs You’re Not Ready for Marriage
You can be 35 and still not be ready to get married. Or you can be in a seven-year relationship with someone you love so much and still not be ready to make that commitment. You may even be wearing the engagement ring now and still have qualms about getting married. Maybe it’s just cold feet, or nerves, or something more. It can simply be that you’re not ready to get married yet. If you’re looking for signs you’re not ready for marriage, here are the most common ones. Table of ContentsWhat are the Signs You’re Not Ready for Marriage? 1. You’re Not Yet Financially Stable 2. You’ve Only Been with Your Partner for a Short While3. You’re in an Unstable Relationship 4. You’re Feeling Pressured5. You’re More Excited About the Wedding 6. You’re Stuck in the Past7. You Have Trust Issues8. You’re Unwilling to Compromise9. You’re Too Different 10. You Have No Big Picture PlansFinal Thoughts What are the Signs You’re Not Ready for Marriage? Don’t rush into making this big, life-changing decision. Here are the common signs you’re not ready to face the next big chapter of your life. For now, at least. 1. You’re Not Yet Financially Stable Do you want to get married but you’re not financially ready? It’s best to put those wedding plans on hold for now. Why? Because planning for marriage financially is a must. A wedding won’t pay for itself, so you and your partner need to save up for it. You also need to financially prepare for your future together. The unwritten golden rule is to…
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Crypto Wallet in the Philippines―What It’s For, How to Get One, and the Best Crypto Wallets
- By Moneymax
- January 28, 2022
In the ordinary world, a wallet is a holder for money, coins, IDs, receipts, and other small important documents. But in the crypto world, a wallet plays a similar yet very different role. If you’re keen to start crypto trading, you should know what a crypto wallet in the Philippines is and what role it plays in trading first. At present, the Philippines ranks first out of 20 countries[1] when it comes to ownership of non-fungible tokens (NFT), which requires a crypto wallet. So before digital tokens can sweep the crypto world by storm, it’s time to learn about crypto wallets in the Philippines, how they work, and how important they are in managing your crypto wealth. Table of ContentsWhat’s a Crypto Wallet?How Does a Crypto Wallet Work?What are the Types of Crypto Wallets in the Philippines?Hot WalletsCold WalletsWhat are the Features of a Crypto Wallet?Public Keys vs Private KeysOther Features of a Crypto Wallet:What is the Best Crypto Wallet in the Philippines?Coins.ph WalleteToro MoneyAbra WalletMetaMask WalletRonin WalletExodus WalletGuarda WalletTrust Crypto WalletCryptonatorWhat are the Pros of Cryptocurrency Wallets?Access to Different Types of CryptocurrenciesEasy Sign-UpSecurity of Account and Transactions Portfolio Management What are the Cons of Cryptocurrency Wallets?Can Be Subject to Scam or FraudAdded Expenses May Not Be Recommended for Large AmountsConstant Updates on Information Can Be Confusing Things to Consider When Setting Up a Crypto WalletHow Do You Top Up a Crypto Wallet?How Do You Safely Use Crypto Wallets?Use a Secure Internet Connection Change Passwords RegularlyUse Different Types of WalletsFinal Thoughts What’s a Crypto Wallet? A crypto wallet is also…
