Category Archives: Business

Philippine Mutual Funds: Some of the Best Ones

  So you decided to invest your hard earned money in mutual funds.   You made the smartest decision of your life.   Here are the reasons why?   1. Your money is managed by a professional fund manager who works full time to give you the best possible return of your investment.   2. You need not… Read More »

Do Not Put All Your Eggs In One Basket

  Do not put all your eggs in one basket.   You have heard that sentence countless number of times before right?   In layman’s term, it simply means that you must not put your hard earned money in just one place.   You may be paid your salary through your atm savings account and it serves as… Read More »

13th Month Pay: What Will You Do With It?

  13th Month Pay is 1/12th of the basic salary of an employee within a calendar year.   Under PD 851, a law enacted during the time of President Ferdinand Marcos, also known as the 13th Month Pay Law requires all employers to pay all their rank-and-file employees a 13th month pay not later than December 24 of… Read More »

Philippine Banks With No Maintaining Balance

  I wanted to open a Philippine Savings Account for the purpose of saving for a rainy day.   I have also a relative abroad that occasionally send me money by way of a remittance and I need a savings account for that purpose.   It has been my trait to sometimes withdraw all my money in the… Read More »

How To Save On Bank Fees and Charges?

  Perhaps once in your life, you were told by your parents to be thrifty and frugal because life is hard.   Most of you were told to save some money in the bank so you can have something to use in case of emergency.   You may have retained the habit of saving a portion of your… Read More »