BY TONI TIU
I can’t help it. After a day of work, I always, ALWAYS have spare change in my pocket. I have a coin purse in my bag but still loose change finds its way to my jeans pocket. I think if I do the Dance of Joy (remember Perfect Strangers?), a certain jingling and chiming would help keep the beat of the dance.
Three weeks ago marked a milestone for us in PESOS AND SENSE. Last July 5, I conducted our very first International seminar in Dubai. Did you know that over 20% of Dubai’s population are Filipinos? That was why I was very excited — knowing that I would get to meet some of them and share what I have learned over the years.
Helping OFWs is one of the main reasons why we created PESOS AND SENSE. We even have an episode dedicated to our modern-day heroes, because I know that teaching them how to manage their money wisely and how to invest will reunite them with their families sooner.
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.
But, if this will be the usual scenario, [Read more…]
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
“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…]
“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.
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…]
It is Christmas time once again! The favorite holiday of Filipinos. It has been said that the Philippines has the longest Christmas celebration all over the world. As soon as BER-months arrive, we could hear Christmas carols being played. Decorations are being set up in every house.
In line with the Christmas spirit of giving, there comes a long list of inaanaks. Wealso exchange gifts in every Christmas party we attend. After all, Christmas only comes once a year so we might as well enjoy it.
Gift giving is already part of our culture. And there is nothing wrong with that. But Christmas spending [Read more…]