Category: Education

The 0% Interest Rates: Should You Grab It?

We often see a lot of 0% interest rates in malls, shops and more. This is truly eye catching and even more enticing. Simply imagine being able to have your most coveted smartphone in a jiffy yet you won’t pay it yet. Instead you will be paying it on a monthly basis.

Alas, there’s no need for you to pay the item in full because you can just pay it monthly for X number of months. You might exclaim that this is the best way for you to save money. Well is it?

The 0% interest rates are typically pushed by our credit card banks. The deduction would be credited to your credit card and the bank would pay the store and you in turn would pay your credit card bank. Though it may sound like a no-brainer decision to simply grab this option since you know for a fact that your credit card can still be able to sustain it however, this is not simple as you think. Truly the 0% sign up there is enticing and teasing us to use it. However, let us dissect this to the core. Continue reading The 0% Interest Rates: Should You Grab It?

Signs That You Are Sending Bad Financial Messages To Your Kids

My wife and I have started homeschooling our 4-year old daughter this school year (Update: She’s already finishing her 4th Grade this summer 2020, amidst the COVID19 pandemic).

I personally know some friends who have been homeschooling their kids and it’s just amazing to see how strong their family bondings are because of this method of teaching and learning.

One more reason why we want to homeschool our daughter is because we believe that personal finance is one of the least taught subjects in the Philippines (and elsewhere). Money is a very important subject for a child to learn and bring the knowledge along until he/she becomes an adult. And since my wife and I are both staunch advocates of financial literacy, we thought why not teach our child about money ourselves.

Through the homeschooling system, parents like us won’t have to spend so much time giving lectures to our children. We just have to show them how we value money in our everyday lives. Continue reading Signs That You Are Sending Bad Financial Messages To Your Kids

The Senior Citizen’s Discounts: Infographic

Spending our vacation with our parents is one of the most delightful moments we had last Christmas season. We were able to eat together in some fancy restaurants (which we don’t normally do), enjoyed some frolicking in a hot spring resort, move around the best spots in the Metro, and even scoured some of the best fastfood chains in the country. All in about 40 days.

For OFW’s with aging parents and in-laws, one of the more important things to consider during their vacations is being able to save some money while spending for various things (needs and wants) for the whole family. Disciplined splurging for one month after 11 months of saving and investing for it can be good, in my opinion.

Our mother’s senior citizen’s card has proved to be a great help during our vacation as we were able to save around P3,000 all from the discounts she availed. It may not be a big amount for some but P3,000 is still big money for most people (like us).

But did you know that senior citizens need not present a senior citizen ID card in order to avail discounts and special privileges? This and other facts that we don’t know exists can be found in the infographic below provided by ABS-CBN News. Continue reading The Senior Citizen’s Discounts: Infographic