Tag: savings account

Money

May 11

How To Save Money, Tips And Tools From Moms

It's never too late, parents!

If you've seen the Netflix series How to Be Rich, Ramit Sethi intervenes in the lives of several people and helps them achieve the rich life they want. But before he does that, he asks them first, “What is the rich life for you?” A rich
Baby

October 26

Here's What Parents Advise To Do With Cash Gifts Kids Receive

“Wag na wag natin isipin na kesyo pinag-aral natin sila ay sila na ang bahala sa atin sa pagtanda,” says the mom of three

One-year-old Cash Miranda is insured and now has his finances in order till he is a senior citizen. Neri Miranda shared on Instagram that she just opened two insurance accounts for her youngest son, one for stocks and another for life insurance.“Para
Money

September 19

Digital Banks In The Philippines With Saving Accounts

You can apply for an account without having to go out of the house!

Saving money may be the last thing on your mind when the whole world is struggling to get through a pandemic, but as parents have realized, it pays to have an emergency fund or money set aside to help tide you over
Money

October 13

Money Saving Tips: Open Savings Accounts In Smaller Banks

Remember that you have A LOT of banking options in the country.

When it comes to banks, your top-of-mind picks probably are those with the biggest names — BPI, BDO, Metrobank — but as you know, there are a lot of banks in the country, and these are only a few of the forty-five universal
Money

March 3

How to Have Your Own Money Even if You're a Stay-at-Home Parent

Just because you stay-at-home does not mean you should be less savvy about money.

Is there a way to be financially independent while married even if you're not working? The answer is YES!While it would be easier when you are making your own money, stay-at-home parents (not just moms because the advice we're about to share
Money

August 5

Make Your Money Work Harder: Pag-IBIG Fund's Tax-Free Savings Plan Pays 8.1% p.a.

The program pays yields higher than time deposits or bonds on contributions as low as Php500 a month

Members of the Home Development Mutual Fund (Pag-IBIG), a government-run savings and mortgage fund, are setting aside large amounts of money and placing these in a special savings program that provides above-market returns for placements maintained for five years.Voluntary contributions to Pag-IBIG
Money

July 8

Guess How Much Php1-Million Will Earn If Placed in a Time Deposit

Savers may need to diversify their money to keep ahead of inflation

For most personal or even business transactions, a million pesos is a lot of money. It can buy a good car or even a low-cost housing unit especially outside Metro Manila.However, if placed in a time deposit account, even for a year
Money

June 30

Want to Grow Your Money to Php5-M After 10 Years? Check Out These 3 Options

Here's how serious savers can build an investment portfolio

Earning Php5 million in 10 years is no easy feat, but it’s also not impossible. It’s not enough to have enough money to set aside as savings. You also have to find the right way of investing your savings.“Where do you invest?
Money

April 9

Secure Your Child's Future Like a Banker: 5 Ways to Build Your Savings

How to start saving up for your child's future, according to a mom who understands money

As a banker, I pride myself on being a prudent person whether it is with my clients’ money or with mine. Add to that the Ilocano genes of my mom — I think I can even sometimes be a bit too stingy
News

March 23

Filipino Kids Have Put Away P30 Billion in Their Savings Accounts!

Bangko Sentral ng Pilipinas is counting on kiddie savings accounts to augment low savings rates.

When you ask a typical Filipino parent how she teaches her kids about money, she will likely say she takes her son or daughter to the bank to open a kiddie savings account. That is an excellent start.According to a report by Bloomberg, the
Money

February 10

You Can Soon Open a Bank Account for Just P100 With Zero Maintaining Balance

It will also entail less stringent identification requirements

Do the steep bank requirements (and maintaining balance) prevent you from opening an account? That is about to change. The Bangko Sentral ng Pilipinas (BSP) has released a new circular outlining its rules and regulations on basic deposit accounts, a type of savings account
Money

January 2

A List of Bank Accounts That Require Initial Deposits of Php500 or Less

Nine of the country's 20 largest commercial banks offer easy-on-the-pocket savings account products

A survey by the Bangko Sentral ng Pilipinas in 2014 found that 86% of Filipino households do not own a bank account. The main reason? They don’t have enough money to open one.Some of the country’s largest banks are trying to address
Money

June 26

Should I Let My Husband Use Our Savings to Pay for His Credit Card Bill?

Plus, should you get a personal loan to augment your income, and how much should an emergency fund be?

Couples who wish to spend the rest of their lives together often think they've got marriage all figured out -- that is, until it hits them that it means taking in both the good and the bad -- debts and loans included.We
Money

April 11

5 Bank Accounts Every Filipino Family Should Have

Save more and budget better with the help of these bank accounts.

Photo from thestar.comThe adage “Don’t put all of your eggs in one basket,” has never been truer when it comes to managing your finances. Putting all of your money in just one bank account may seem easier to manage, but it can
Money

June 3

Parents Want to Teach Kids About Money But Feel Unfit to Do So

Financial responsibility is becoming a more important matter for parents to discuss with their kids, but majority feel unqualified to do so.

A survey reveals recently that a large majority of parents, 86 percent, to be exact, feel compelled and obliged to teach their kids about handling money efficiently and yet many also feel unqualified or not good enough “role models” when it comes
Money

August 12

Saving For A Baby: 7 Things to Consider

Planning your finances before your baby arrives offers the chance to save based on both long-term and short-term goals.

The skyrocketing costs associated with raising a child are intimidating. Worrying about how to afford diapers and medical care for a new baby is stressful enough for new parents without adding the pressure of rising tuition fees as your child grows.A growing
Money

July 29

Beyond Cash Savings: A Family Investment Guide

A guide to investment options and planning family financials.

We aspire to provide well for our family’s needs and wants: our motivation for working hard. We do our best to manage our earnings so we can pay for everyday expenditures and maybe have something to spend for occasional treats.Having long-term goals
Toddler

September 11

Teach Your Kids About Money

“How do I teach my children about money?”

As parents, set an example. Be consistent about what you say and what you do.Rocky Geba, an accounts clerk at a big Philippine bank, advises, “It is possible for children to save and invest money now because many banks have savings accounts

Tag: savings account

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