Money Lessons OFWs Should Know


MONEY LESSONS OFWS SHOULD KNOW

Year after year, millions of our fellow Filipinos work abroad to provide a better and secure future for their family.

True enough, OFWs are able to send their children to good schools, provide comfortable homes, and buy the things they need. But, in exchange for this, are the years they spend away from home.

What’s Happening Now

Every month, OFWs send a huge portion of their salary back home in the Philippines.

Whatever is left will be for their personal living expenses. More often than not, what is set aside for savings is spent for emergency expenses and other unforeseen circumstances in the Philippines.

Money Lessons OFWs Should KnowIndeed, they are our modern day heroes.

But, if this will be the usual scenario, [Read more…]


Latest Pesos and Sense Blogs of 2013


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Learn from our latest blogs as we share the importance of financial education, the benefits of investing, and how you can start saving for your future.

Wealth is Health
Wealth is Health
saving
How to Save and Budget Wisely
Can a student invest in the stock marketthumb
Can a Student Invest in the Stock Market?
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What is Your Magic Number?

 

 

 

 

 

Financial
Who Needs Financial Literacy?
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The Social Cost of Investing
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Money Resolutions for 2013
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PESOS AND SENSE

[Read more…]


How to Save & Budget Wisely


saving1Practical Money Tips for Filipinos

How can you invest, if you do not have enough money to invest? Ipon muna!

Aside from acquiring knowledge, knowing how to save and budget wisely is one of the keys to smart investing. Failure to do this simple step properly might prevent you from investing regularly.

We have mentioned in our previous blogs that investing is a journey. (Read our top blogs here) If your chosen investment is the vehicle to get to your destination, saving and budgeting is the fuel that will keep it going.

The Saving Habit of Filipinos:

RECEIVE salary – SPEND salary = SAVE the leftover

Saving Habit of Filipinos "Receive Salary -Spend =Save the leftover

“I will start investing once I have extra money.” Sounds familiar? This is a common scenario once the salary is received. But after spending, more often than not, there won’t be any leftover and investing is put off until [Read more…]


Wealth is Health


wealth is health                                                                                   
Caring for Your Health Requires Caring for Your Money

“An apple a day keeps the doctor away.” This is just one of the sayings we grew up with. We’ve got dozens of these that put emphasis on health. It only goes to show that health is one of our major priorities.

health is wealth

The following are health maxims that we try to live by: eat a balanced meal, have a good night’s sleep, and drink 8 glasses of water a day. This is the ideal scenario, but let’s be honest – there are times that we just crave for junk food, pizza, and other fast food meals. Kids nowadays, instead of playing outside are glued to their video games. This is the reason why we should take extra care of our health.

You know what they always say, “Health is Wealth”. Having a lot of money is useless if you are not in good shape. How can we enjoy what  life has to offer if we are sick or lacking energy?

But aside from the fact that Health is Wealth, in today’s society, “Wealth is Health” is [Read more…]


Can a Student Invest in the Stock Market?


can a student

Most Filipinos, when they hear about the stock market, think that it is for businessmen, company CEOs, or people who have millions of pesos. Some think it is for intellectuals who understand all the graphs and can do countless analysis. But the truth is, investing in the stock market can be simple–even a student can do it!

Can a student invest in the stock market

Are you a Trader or Investor?

You may have heard of scary stock market stories where people lose so much money in such a short time. This can happen in a matter of seconds. People called “Traders” transact like this in the stock market. Mabilisang kita, [Read more…]


Who Needs Financial Literacy?


Who needs financial literacy

Whenever the topic of financial education is brought up, most Filipinos brush it off thinking that it is only for businesspeople or for the “rich”. The truth is, we all need it. If you want to be free financially or if you want to be rich, you need to learn this!

Although we don’t pay much attention to it, it does affect our daily lives. To put a child to school, to own a house, to drive a car, to pay the bills – all of these will be affected by both having and not having the knowledge about handling money wisely.

Financial literacy

Money and Knowledge

People think that acquiring huge sums of money will solve their problems. It may be true for some, but without the knowledge to handle it correctly, others might find themselves in a [Read more…]


What is Your Magic Number?


Financia goal setting

Learn the Importance of Setting a Financial Goal

“I want to invest. Where do I start?”

This is one of the most common questions we receive everyday. The simplest way to start is by knowing your magic number.

Investing is a journey. And with every journey, you have to know where you want to go. The only time you should move forward is once you know where your destination is.

magic number

Define Your Magic Number

Think of the amount you need to live the life that you want. This number should cover whatever purpose you may have. It may be for retirement, health care, education, vacation, etc.

This is your Magic Number or your financial goal. [Read more…]


The Social Cost of Investing


social-cost-of-investingOne of the most common excuses we hear from people who never get started to invest is “Next time na lang, when I have extra money.”

This was also Pong’s excuse when Ping encouraged him to invest as well. (Read their story again here: How to Use Time to Make Millions)

Let us take a look at why Pong never got to invest early.

ping pong

Pong is such a social person. He never missed lunch-outs with his officemates where they bond at different restaurants. He spent around P200 a day for this. [Read more…]


Top 10 Pesos and Sense Blogs


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Are you looking for the best advice regarding Personal Finance and Investments? Look no further!

Our community of Smart Investors from around the world chose these top blog entries as their most read and liked posts.

Do not miss this chance to read these blog entries to help you understand personal finance and investments, the simple and easy way!

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5 Easy Steps To Start Investing in the Stock Market

Phillipine stockmarketOne of our most Frequently Asked Question of all time: “Paano mag invest sa stock market?” [Read more…]