Would You Take This Bet?

It's actually not about gambling.

I've posted about Loss Aversion before, but this 7:19 video explains it much better.

If you aren't investing or have just started to, this helps explains what you're probably feeling. Heck, I've been investing for yeas and I feel it still.

Opening a U.S. Dollar Account

Opening a U.S. Dollar Account.  A lot of Filipinos have a need for a US Dollar account. Unfortunately for me, most bank require $500 to open an account. Fortunately for me, Philtrust Bank needs only $100 to open and maintain a dollar account. But they also have pretty strict requirements in order to open an account.
A lot of Filipinos have a need for a US Dollar account. Some are for OFW remittances. Better yet, some are for OFWs to store their savings. These days though, a lot are for freelancers so they can deposit their client's payment.

Some, like me, are because they occasionally get US Dollar checks as payment for answering a survey. It's one of the better paying sites (that I know of) so I thought I'd better open a dollar account.

Realistic Resolutions for the New Year

If you're like me, you've probably made a few shoot-for-the-moon new year's resolutions over the years.

But I've found out that small changes can get big results over time, and that they have a much better chance of sticking instead of fading away as the year goes by.

And today, we've got Bwayan Jordison to share his thoughts on this.

Declutter and Simplify

I haven't posted for a while. Because just like last year, the holidays have been so hectic. Not the least of which was finally being able to do some "spring cleaning" around the house.

Despite the limited space in our unit, it's amazing the amount of stuff that just piles up over time.

On Bikes, Quality And Your Budget

On Bikes, Quality And Your Budget  In a lot of cases, bikes are a convenient and cost-efficient means of transport. And if space is at a premium, folding bikes become even more convenient; they don’t take up much space and can be stored conveniently. Of course, as with most things, quality is important when it comes to bikes. Especially for folding bikes which tend to have more parts (and by simple extension, more possible points of failure). So it’s really handy to have the Taiwan Excellence seal point out which bikes are really high quality.
I really love the fact that gas prices have been going down. It's a good deal for almost everyone.

It's already resulted in a lower minimum fare.

Retail goods shouldn't go up too much as well, because of lower cost of transport.

Were it not for the looming energy crisis, power rates could have been expected to go down as well.

And for a car owner like me, it just gives your budget some breathing room.

But actually, gas prices aren't the only big expenses when it comes to your car. The cost of just owning it is pretty steep. You'll likely need insurance, even if the most basic kind. In addition to that: registration fees, parking fees, maintenance service, replacement parts...

It’s still cheaper to take public transport. But of course, public transport here in the Philippines is not without its own hassles.

I guess that’s why there’s been some great innovations on personal transportation vehicles (segways, personal cars).

Oddly enough, the answer could be relatively old-school – bikes. Especially the folding bikes.

Your 13th Month Pay and You

One of the benefits of working here in the Philippines is that, by law, you get a Christmas bonus - your 13th month pay.

But did you know that you don't actually get your one month's salary? You wouldn't think so from it's name, but in almost all cases an ordinary employee doesn't actually get one month's worth of salary.