misstinapie

I have been a supporter of GCASH for the longest time. It was so far ago in fact that back then they didn't even require KYC not until it was mandated by the government. It's highly suggested to do it too to maximize all of the benefits. Just make sure that you only transact on the app and not on the bogus Messenger accounts that requests for your details.   More than another payment app, GCASH has evolved so much that it has become an excellent all around finance app I reckon this could be an effective all around tool to teach the common Filipino some finance literacy with no need for too many requirements nor ever leaving your home. Without further ado here are the features of GCASH that make it to my highly recommended list. Login and Security While banks are not new to the country, apps are. I am not naming banks but there are still a handful commercial banks that do not even have the basic features of login GCASH have. It auto refreshes the app after some days to revalida...

I've been into stock market for some years but only this year have I finally decided to actively trade. Don't get me wrong I love my bluechips (I have two that I've got majority of money on and are left on it's own) but now I wanted to test myself in earning via day trading. I was inspired by my officemates mostly, although I don't talk to them or anyone for that matter on what I'm currently doing. I see this as a challenge if I could earn a bit more than just doing long term. Rules I live by: + In choosing companies + I am at my core classify myself as an investor. This is why my initial picks when I started are those companies I believe would have the most potential to grow as the years go by. Going by this, my risk factor is not really high. Whenever I pick a company to trade for my experiments I am still careful in which I actually buy and I actively avoid companies that have a reputation of being too attractive to players with so much cas...

Before I even started reading books, I was already introduced to this concept by Ed. I was fascinated by this and ever since I've learned about it I became more dutiful in saving. Pay yourself first is a concept wherein you simply have to allocate a portion of your money as payment for yourself, may it be for the work that you did or for the commission you received. Think of yourself as a resource that has to be paid. For most of us this is in the form of a treat, like a spa, or a movie. But we should not interchange this wonderful concept to indulgence. There is a huge difference. Bear in mind that in paying yourself first, you are making sure that you, your very own resource gets paid for the time you spent on working every single day and not the owner of that boutique you bought those pair of shoes. Not clear enough yet? Look at your paycheck. See the tax there? That's one way of seeing the beauty of paying yourself first. The government wants itself to get paid FIRS...

Ever since I started reading financial books and I was getting more interested in this personal finance stuff, I've had experiences on this matter when people learned that I am educating myself about it. First was the Powerbooks guy who was so eager to help me out when I gave up finding Lynch's book. That was after he looked at me from head to toe in astonishment when he asked who I'm buying the books for. I told him it's for me, that I'm the one who wanted to do investment. His reaction was 'you don't look like one'. The other one was over lunch times, there are three of us, one of us are onto stocks for around 3 years now. I frequented asking him what's this and that about stocks until one day, the other guy told me 'tell me if you've gained so I can do the same' The other time was with another officemate. When she saw this financial book on my table (this time it was Gamboa's), she asked if I was already investing. I told ...

Though there is a difference in every individual on how much and till when would this be, for us singles, that amounts to your cost of living for 6 months without work. Someone said 3 months would do but since this is an emergency fund, I might as well do the 6 months mark. This would also be your source for whatever inevitable thing happens-- accidents, medical issues, death of a relative or whatever emergency means to you (puhlease. that cute bag you saw on sale is not an emergency). And when that time comes, no matter how much you spent, you must save back till the last cent to ensure that you have more of it for the next incident. I'm around 30% of my emergency fund as of this writing and my goal is to be done with it before this year ends. And because this is an amount that I needed to have anytime it is needed, I plan to invest just half of it to RTBs and the other half at my disposal so I can benefit from the interests gained in the tenure of the coupon and still be able...

1. Keeping money under your bed. If you have 100000 around the house it would still be 100000 when you are in your retirement age. That is, if your house never gets broken in, or consumed by fire or your bills not bedded by mice (Bad Boys 2). And even if it survives those, you yourself won't when inflation at that time cuts your supposedly 'savings' purchasing power. 2. Hoping that it will grow in the bank. The first time I've open an account at BDO (just last month), I've put in around 15k then added up a few amounts that on the same month. I am not sure yet when they compute the interest but it somehow gained 5pesos. I was joking the other day how I excited I was to have a passive 'income' of 5 pesos but seriously, what can you buy with it? Now even if they raise their interest rates every year, I don't think we can rely that much on the bank in giving us returns even if they get to use it for their businesses. 3. Not trying to save. Fine. So I...

One thing I noticed is when someone knows what they talk about finances, they ask you what are your goals. They always start with this and before I never put into thought why they ask for in the first place. It's so simple yet when you think of it, setting goals are way too deep of a question that while reading I found myself ashamed that I kept mine so vague. And then reading further, not only should I have specific goals, I should have an idea on how to achieve those goals. My goal when asked was as simple as my (need and) want to fix the house. It's my want to have it up to second floor but it's our need to have it fixed, especially because it's old, more so at the ceiling. I've talked about this with my family and they (sisters) kept on pressing for a second floor which in my own estimate, though I might be able to afford it (just a guess), I don't have urge to do so. Why? Because it's not needed. Why would I spend thousands of pesos to a house that ...

You can afford a high-end cellphone, then why not a scanner? A scanner is a really powerful tool to not only have digital copies of your old photos back in the negative reliant camera days, but also a sure way to have all of your documents neatly compiled in whatever medium you choose, like burn them in a CD or upload them in a secure storage account of yours online. Not only would you save on a vault lease to keep your most important documents, you can make so many copies of that before something bad happens. Remember, filing for an affidavit of loss also requires you to have a copy of the original document, so atleast make an effort to do backup. I just bought a scanner last Saturday not because I follow everything I read from a book but because I wanted to be worry free of the inevitable. You'd never know when you'd need those documents when something happens. Like the House Mortgage or whatever certificates that only you have a copy of. I've been wanting to own one b...