The COVID pandemic made us realize the importance of preparedness in health, finances, and job security. The SSS pension, for example, is one of the most sought-after retirement packages for Filipinos. Many rely heavily on their SSS pension, that’s why it is a common topic for discussion between peers. Thus, it makes sense to ask, “How to maximize the SSS pension.”

Updated: September 20, 2022

8.7% or more than 4 million Filipinos are unemployed as of April 2021. On the other hand, the underemployment rate rose to 17.2%, equivalent to 7.45 million. The growing need for life insurance, especially during this pandemic, opens great opportunities to unemployed and underemployed Filipinos.

Credit cards are a double-edged sword. On one hand, they can be useful for building credit and making small, regular purchases that you wouldn’t have the cash for otherwise. On the other hand, having too much available credit makes you spend more. Fortunately, there is no right answer when it comes to credit cards and their financial benefits or drawbacks; it’s completely up to you. The trick is knowing whether you fall into either of these categories. Do the downsides outweigh the upsides in your situation? Read on to discover if you are indeed a victim of your credit cards.

SSS retirement benefit or pension as we normally call it is one of the few benefits employees are entitled to receive when they retire. So before you empty your savings by joining the YOLO, you will only live once, and FOMO, fear of missing out, craze you may want to consider how much you’ll be getting from SSS by the time you’ll retire. Are you ready to know how small it will be?

Unit Investment Trust Fund (UITF) is a pool of investments from various investors like you. It will let you invest with little capital. It’s a good investment vehicle for those starting to invest but with a busy lifestyle. UITFs are offered mainly by banks. On the other hand, insurance companies offer mutual funds. They are almost the same but with different advantages.

A friend died last week. We are extremely sad about what happened to him. It is so sudden, which makes it very painful because we have been friends for almost five (5) years. We know by this time that losing someone has become common. But still, no words can be commensurate to the void he left in us. Just like us, he is also an insurance agent. When the news arrived, one thing popped into our minds; check his insurance policies.

Being a credit card holder, knowing how to maximize its uses is an advantage. For example, you can get the best deal out of your credit card while building a good credit score. In the Philippines, BPI is one of the leading credit card issuers. If you have a credit card with them, it’s best to know the possible charges it may incur, such as finance charges, cash advances, BPI SIP loans, and other bank charges.

I finally opened a BPI checking account last week. Compared to opening a regular savings account, this is more difficult to open, and I will share why later. The process is almost the same, but the feeling is different because you’ll feel richer (haha!) like how you usually see it on TV being used by the rich characters. But kidding aside, it has several advantages that make having it the right choice.

In 2019, the Current Health Expenditure (CHE) in the Philippines rose to Php792.6 billion, based on the Philippine Statistics Authority (PSA). In addition, CHE is the total amount spent by the government, HMO providers, insurance companies, and out-of-pocket (OOP) shouldered by Filipinos for health care.