Category: Family

That Dangerous “Only” Word in Price Tags

I’ve been having a series of finance talk over the past weekends to fellow Filipino community members in homes around Al Khobar/Dammam, Saudi Arabia.

Interestingly, most of the attendees were couples but it was mostly the husbands who would stay longer for the duration of the talks that I usually conduct in their salas or the living rooms.  The wives would always assemble in the kitchen and discuss their most favorite topic of all: MALL SALE! 😀

“This product is on SALE! For ONLY P995!”

“Underwear na long sleeves, P499 na LANG!” Continue reading That Dangerous “Only” Word in Price Tags

Dubai OFW’s, Are You Ready To Get Out of the Rat Race?

Investing is a skill that was not taught in school. Most of the times it’s only through experience, and recently, through exposure to the social media that are bringing people to get interested about the stock market, mutual funds, and other financial instruments.

But another effective and alternative way to learn about investing and planning your finances is through playing a board game. Exactly. Play the CashFlow Game!

CASHFLOW 101 was created as a fun, powerful, and experiential way to teach investing and wealth building. It also trains the player on how to manage assets and liabilities, trade stocks, and to fight his or her way out of the Rat Race (a way of life in which people are caught up in a fiercely competitive struggle for wealth or power). Continue reading Dubai OFW’s, Are You Ready To Get Out of the Rat Race?

Are Donations To Yolanda Victims Taxable?

After learning so many lessons from our Ondoy, Pablo, and two previous habagat volunteering and donating experiences, I have become cautious where to course through our personal donations.

And upon witnessing personally how local government units and government officials handle (and personally used the people’s donations), I have only handed my donations through the Philippine Red Cross and a few other groups recognized as non-government organizations such Gawad Kalinga and Rock Ed Philippines since I have been a volunteer of these groups since several years back.

Aside from these reasons, I have also considered the tax implication of being a donor. If you are not aware, giving a gift to anyone isn’t totally free in the Philippines unless you know how and who to course it through.

Otherwise, you have to pay the Donor’s Tax if you’re giving gifts to the wrong organizations or individuals. Continue reading Are Donations To Yolanda Victims Taxable?