Tuesday, August 26, 2014

Guest Post: Smart Spends That Will Save You Money

When you have a family to look after, you’re not just looking out for your own financial well being - you’ve got to support everyone in your home. You never know what life is going to throw at you - expensive medical bills, a car break down or worse could be just around the corner, but there are some things that you can do now to help save for the long term.

Every penny counts when looking after family finance, and whilst it may seem counter intuitive to actually go out and spend money in order to achieve this, sometimes a small investment now can make a huge long term difference. By investing a small amount of money now, you can set yourself
up for the future, and part of being frugal is knowing a good deal when you see one, and a stitch in time can save nine.

It can be true that you’ve got to spend money to make money, but cliches aside, here are a few tips to help you see whether you can save a little extra bit of money. Some of these changes will probably cost next to nothing, whilst others may be a little more expensive, but all could save you even more cash over the long term.

Tuesday, August 19, 2014


This is totally not personal finance related, but about 3 months ago, I received a text message in Bisaya from "Lucel" saying that she won't be able to come to work because her husband got into a motorcycle accident and she has to take care of him.

I don't know any Lucel and the only person who works for me is my son's yaya Sheila, who is Bicolana and not Bisaya, so I ignored the message and treated it as an ingenious scam attempt (because how did "Lucel" know that I was Bisaya?).

A few weeks after that, I get another Bisaya message saying that her child had a fever and she wouldn't be able to go to work. The sender didn't identify herself as Lucel though, but like the first one, it was sent at about 6AM.

Then last week, I receive yet another text message. I was able to save it, so I quote:

Friday, August 15, 2014

Almost RFP

I presented my financial plan last Monday to a panel of RFPs (Registered Financial Planner) and although I have to countercheck some of my figures and add some charts that require ninja level Excel skills, I'm still mighty glad that it's over.

Monday, August 11, 2014

A Year's Worth of Excuses

(clickable image)

"Bakit Hindi Nag-i-invest ang mga Pilipino" is a very insightful piece from Richard Macalintal that pretty much sums up why a huge majority of Filipinos fail to invest year in and year out.

Monday, August 4, 2014

Shopping for Health Insurance

I've always taken health insurance for granted because my parents are doctors, thus, I am covered by the doctor privilege where doctors don't charge doctors and their families professional fees. Also, I have Philhealth and my employer has its own health plan, which I heard was pretty sweet as well.

Besides, I've only been hospitalized 3x my whole life. First was for dengue fever, then a month after that for a liver abscess caused by amoebiasis (damn you isaw!). I was only in college back then and still a minor, so not only did my parents avail of the doctor's privilege, they were also able to take advantage of stockholder privileges and paid zero for room charges, as my mom held clinic stocks in that hospital.

The third time was when I gave birth and with Philhealth thrown into the mix, I paid merely Php19,000++ for a caesarian birth. Amazing I tell you.

But just recently, my brother-in-law was hospitalized a month or two after my sister opted not to avail of her employer's subsidized Maxicare privilege, thinking that her Philhealth coverage was enough. Wouldn't you know it, he was admitted when she had just started her Philhealth contributions, so she failed to meet the 3 month minimum for coverage. And after several tests and a week's stay in the hospital, their bill is now about Php60,000. Ack.