Working Mom

Most Filipinos have days when they just exclaim, “Hindi ko alam kung san na napunta ang pera ko.” (I don’t know where my money went.) Most of Filipinos are used to saving and budgeting for the big purchases so that they can afford it. Some do not track their budgets and wonder where these “mystery spending” are coming from, as stated by 21% of the survey respondents of “Enhancing Financial Capability and Inclusion in the Philippines - A Demand-side Assessment” by the World Bank in partnership with the Central Bank of the Philippines. They wonder where their money went because of unnecessary expenses which are untracked. Here’s a look at five of those seemingly small expenses that can ruin your budget. Additional Charges Dues to Late Payments Interest rates of credit cards may seem low at 1.99% - 2.99% but if you compute it, here are some computations of amounts of interest: Credit card charges sample computation Interest rates on credit cards Php3,588.00 and Php7,176

A couple of years back, we are being familiar with traditional life insurance but since a lot of people now is looking for investment, insurance already evolved in different form. Now we already have what we called the "Variable Life Insurance" or VUL. In Variable Life Insurance, there are two components, one is what we called Face Value, where it is the amount of life insured, another component is what we call, the fund value or the cash you invested. These are separate component. (Terms may differ depending on the company) The main attraction of Variable Life Insurance is the protection itself. Once the insured passed away, guaranteed that you will get the death benefit plus the fund value. Once the insured is out of the picture, the family continues on living, they can either use the money to pay debt, source of income or to pay their expenses. I've talked to many clients already and seems to me, that what they are looking for is variable insurance. Regula

Save now and protect your loved ones I've talked to some people and many of them said "pass" on buying life insurance . That's okay, not everybody wants it. You can't insist on something that they believed is not a necessity. But is it really necessary? We may have different perception why we would want a life insurance , and usually though not all, when they hear the word insurance, what comes first into their mind is death. "I'm not gonna die yet, I don't need it." True that you may not need it now. But are you going to buy it, if you think you already need it? Are you still insurable by the time you think that you need it. Life insurance premium becomes higher as we age. While we are still young and earning, and still healthy, this would be the best time to get a life insurance. Some of my clients that I've talked to includes the following why they want to buy an insurance: To protect love ones from paying debt. To provide family

I've been waiting for this day to take the licensing exam from Insurance Commission. It is supposedly last week, but I wasn't able to do so, since my kid has fever. Insurance Commission, United Nation Avenue, Manila I reviewed all night, but I'm a bit frustrated since I wasn't able to finished all the reviewer. I woke up and see all the papers we're scattered on the floor. I'm trying to recall what happened, just then I realized that I fell asleep with the papers on my hand the night. (Sigh) But to start the day with good vibes. I need to start fresh with coffee on the table (wink) and a good breakfast. I have an hour to prepare and start traveling from Mandaluyong to Manila to get to Insurance Commission. I need to avoid rush hour to be late. At exactly 5:58 am, I left home with only one goal in my head. "Pass the two exams, without retaking!". Around 7:17, I'm already at the Insurance Commission, asking the guard how to go on the proc

My journey as a Financial Advisor merely started because of a hunger to learn how to manage money. I guess everyone might agree with me, that even the rich people are sometimes lousy in managing their own finances. Even I, myself, is guilty of doing this. It's like, if you have money, the tendency is you want more. Shopping here, expenses overboard, buying that, buying these etc. I realized, that sometimes it would take someone or somebody to poke our head for us to realize that we need to have a goal, we have to be financially literate, to make money work for us and at the same time protecting our love ones. Not for us chasing money and make us work forever. Initially the case is we will work for the money (that's true) but eventually, as the time goes by, this must not always be the case. Our family, our kids, needs us.  We need to have more time for them, we need to have time for things that we would like to do, like traveling or chasing our passion. Instead of us workin