If an OFW wants to put up an online business or start investing in various financial instruments, he has to have a savings account for him to facilitate his transactions efficiently.
However, opening a regular savings account in the Philippines may not be too affordable for an OFW because of high required minimum maintaining balance. Remember that OFWs’ remittances to family members back home are oftentimes consumed to the last drop that leaving at least Php2,000.00 in their bank account may not be possible at all. In fact, if only a Php1.00 coin can be withdrawn from the ATM, their loved ones back home will definitely do it.
So let’s identify what are the most affordable and convenient savings accounts available in the Philippines for OFWs to take advantage of. Continue reading What Are The Most Affordable Savings Accounts to Open for OFWs?
Browsing through the websites of banks, stockbrokers and even some government agencies, you will sometimes encounter a button that says, “Apply Online” or “Open an Account Online”.
Let’s look at some samples of what you may encounter when you decide to open an account.
Continue reading Are Banks and Stockbrokers (and Government) Violating the E-Commerce Law?
No, it’s not the latest gun model from UDMC or Armscor (Armscor and UDMC are local gun manufacturers, just to let you know). While we continue to support a gunless society, I still believe that guns are “necessary” to protect the people and secure the nation while moving forward to prosperity. Guns should only be possessed by responsible and authorized persons like policemen and soldiers.
Going back to Semi-Automatic S/I 1000, I’m actually referring to a semi-automatic habit of Saving and Investing. Thus the symbol or acronym S/I. And 1000, well, refers to the minimum amount that I’m actually “loading” in to that S/I program on a monthly basis which is Php1,000. Through money-cost averaging, your money will reap higher returns in the long run. With these programs, your hard-earned money will grow more than just leaving them in your drawers, vaults, or savings accounts.
Continue reading My semi-automatic S/I 1000