Sunday, December 13, 2015

Travel Insurance Primer

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 Have you ever thought of yourself having a wonderful time basking in the sun and sitting in the beach and sipping a cool beverage and watching the sea and feeling the cool salty breeze of sea wind? But what if you get sick on your vacation, had an accident while trying to surf because of the heavy waves, or your airplane had engine trouble and crash landed to the sea?

It may sound morbid, absurd and far-fetched but what if these things happen to you?

Travel Insurance:

What it can do for you

It is a type of insurance that provides the insured with comprehensive shield from accidents, illnesses and other travel related difficulties or bad situations we might encounter. This type of insurance is ideal for holiday makers or even frequent travelers either domestic or overseas.

Premiums of travel insurance

Rates of travel insurance may vary depending on the available packages offered by the insurance companies whether it will be a domestic travel or international travel. Domestic travel insurance (travel within the Philippines) for one to four days at P230 with P500,000 worth of insurance coverage; international standard travel is at P282 for one to four days with P1 million worth of insurance coverage, international comprehensive rates at P562 for one to four days with P2.5 million worth of insurance coverage.

Sunday, June 7, 2015

Who says board games are boring?

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WHILE commuting from work, I stumbled upon this 12-year-old girl who sat in front of me. I got curious on what was in her loot bag, which reminded me a lot of my childhood when I saw a glimpse of a toy inside. In it was this very interesting board game that rekindled old memories I had as a kid. Surprisingly, I was able to check the Internet if these other board games still exist with the emergences of computer–based games in different gadgets such as tablets, mobile phones and desktop PCs that can be downloaded for a small fee or for free nowadays. You can see the youth playing for hours on “Defense of the Ancients (DOTA),” “Counterstrike” on the neighborhood Internet caf├ęs or computer shops or even young adults and professionals busy with their mobile phones or tablets playing “Clash of Clans (COC),” “Candy Crush” and more inside the bus or even on jam-packed Metro Rail Transit/Light Rail Transit on their way to work or going home. 

Monday, June 1, 2015

Faith-based investing in the Philippines

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Have you heard about this concept of investing?

It may be new for some people but it has existed in the past few decades in other countries. For some it is a form of religious-based investing using the principles and teachings according to one’s belief and denomination. It is somehow helpful in providing spiritual guidance on one’s financial growth although churches or religions are nonprofit organizations and they do not issue stocks or shares.  In the Philippines, there are no religious-based index funds or financial products available in the market. However, first- world countries such as the United States, Europe, Japan, Australia, the Middle East and our Asean neighbors like Malaysia and Indonesia have religious-based investment products based on Koran do exist in great numbers and people of different religious denomination invest in it.

Thursday, April 30, 2015

GUEST POST: Throwback Thursday: Money Saving Lessons From Lolo and Lola

On this guest post, we invited Mr.Kyle Kam of MoneyMax Philippines to give us some insight on how our grandparents were in their personal finance.

Before there was online banking and smartphone apps that let you track your expenses anytime, anywhere; long before there were websites that let you compare vehicle insurance and financial products in an instant, our lolos and lolas had their own way of saving money. If you ever paid attention to your grandparents back when you were young, they might have taught you these money saving tricks that still hold true in this day and age.

Let’s take a look at some actual money saving lessons shared by the lolos and lolas of friends around the office.

Sunday, April 12, 2015


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“There is no substitute for victory – Gen. Douglas MacArthur

April 9 was “Araw ng Kagitingan” or “Day of Valor” as we celebrate and honor our veterans and remember the fallen of World War II and other battles and conflicts in our history who gave the ultimate sacrifice for this country and for the people.  Looking back, my late grandmother would tell us stories of how our late grandfather’s escape with a few of his comrades during the infamous Bataan Death March.

They were able to escape and hide through the help of the townsfolk they knew during the transfer of the bulk of prisoners of war in the historic San Fernando Train Station in the City of San Fernando, Pampanga to be shipped to Camp O’ Donnell in Capas, Tarlac through railway by their Japanese captors. He was a young army officer of the Philippine Commonwealth Army then. Although he died four decades ago, I still recount what my grandmother and some of the old folks we know who lived during the Japanese occupation years as a very harsh period in our Philippine history.

Saturday, August 9, 2014

Having the Joyride on Two Wheels: A Reminder for Motorcycling Public.

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Have you ridden a motorcycle before? We know for a fact that riding a motorcycle is pleasurable and fun. It felt like having your wings and flying away. In my experience, it is the freedom that makes it thrilling for riders alike. It can maneuver on congested streets and heavy traffic. It can be used for sports and even travel / adventure or cruising on an out of town ride.

The motorcyclists are common sight in the urban or rural areas around the Philippines. Even in other Asian countries like India, Vietnam, China, Cambodia and Thailand were the number of motorcycles outnumbered cars and trucks. Motorcycles have become the mode of transport of the masses. This is second only to the passenger jeepney which is still the “King of the Philippine Road” here in our country. In terms of frugality, motorcycles are very economical with fuel prices skyrocketing weekly in which fuel expenses can be used for a week at most. Motorcycles Loans are available in the market through commercial and other financial institutions. Repairing and upgrading costs is lower compared to a car or an SUV.

Saturday, May 24, 2014

Mortgage Retention Insurance: What you should know about this

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Have you wondered what does Mortgage Retention Insurance (MRI) is for when you are paying to your respective lending institutions like Home Mutual Development Fund (PAG-IBIG) or at commercial banks or private lending companies? Sometimes, the licensed real estate agent professionals might have missed out to discuss to you about these about this type of insurance included in your other charges or they might have discussed this to you but you have forgotten about it or still figuring out the charges on your computations.

Monday, April 14, 2014

Teaching them Young

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A month ago, the Department of Education and Bangko Sentral ng Pilipinas through their joint program, Guro ng Pag-Asa, awarded four public elementary-school teachers in the country in recognition of their effort at instilling the youth with the basics of personal finance and entrepreneurship under this program. It was also good to hear that they were given cash incentives for these effort, as well. 

Personal finance has come a long way in the past decade with information and ideas on investing and handling personal finance and money management. The recent development excites in that they are teaching the basics in public elementary schools around the country. But back in the days, there was not much information on personal finance and it was a concept I had a few years ago.