There is no healthy budget without constant vigilance

It's been said that genius is one percent inspiration and ninety-nine percent perspiration. And when it comes to personal finance, it's roughly the same.

Keeping our finances healthy requires constant discipline. And today, we have guest blogger Daniel to talk more about that effort.

Debt is all around us. It can swallow whole companies, state budgets, and human dreams. Yet, without it, many great individual and collective achievements would be impossible. Don’t let all the pressure and difficulties coming from the financial system get the better of you.  The longer you wait, the fewer options you have at your disposal. Meet the challenges head-on, even if you are in over your head.
Learn to save – try a savings calculator.

Investing in UITF and Mutual Funds: 5 Things You Need to Know

I've written about UITFs and Mutual funds before. But when it comes to investing, I don't think you can ever be too informed. And today we have guest blogger Zarj from Security Bank to tell us the essential things about UITFs and MFs.

If you are looking for medium to long term investments, you might encounter Mutual Funds and Unit Investment Trust Funds (UITF) in your research. Both are collective investment schemes offered to investors.

Investment companies typically create a collective scheme from money pooled together from their investors and invest the fund in order to achieve a specific investment objective. Although MFs and UITFs have similarities, they have significant differences as well that may help you decide which one would be a better option for you.

Below is a list of things you need to know about MFs and UITFs.
Learn to save – try a savings calculator.

Car Loans - What You Need To know

Car Loans - What You Need To know  The questions and decision points when taking out a car loan.
Thinking of buying a car? Or know someone who is? Then this article is for you.

My article on car loan rates is one of the most popular articles on this blog. And consequently I got asked a lot of questions about car loans in general. So I thought it would be useful to post everything I know and learned here.

So here's some of the usual questions and decision points I encountered.

Learn to save – try a savings calculator.

How To Get a TIN - and why you should

How To Get a TIN in the Philippines- and why you should.  There’s a variety of investment options to choose from, but you almost always need to have a TIN (Tax Identification Number).
When it comes to investing, the earlier you start the better. And you can never really be too early. Well, almost never.
Learn to save – try a savings calculator.

Savings vs Investments

When I was starting to invest, I had the urge to go ahead and take the plunge instead of building an emergency fund first. And even after I had an emergency fund, I wanted to go ahead and put all my money on stocks and equity funds.

I would later learn it's a somewhat natural reaction, as other beginner investors I knew and some readers who've contacted me either did the same or wanted to do the same.

But  eventually I found out first hand that it's better to save also and not just invest. And to talk more about saving vs investing, we have guest blogger Hui Min.
Learn to save – try a savings calculator.

Do It Yourself Saving Tips: Fix a Leaking faucet and/or pipe

Do It Yourself Saving Tips: Fix a Leaking faucet and/or pipe
If you live in a condo, there's a good chance these two things are true: A handyman charges around Php500 (without parts) for whatever he's going to fix under that sink AND those pipes were less-than-great in the first place.

Of course, if you just moved in, you should call the PMO and ask for that handyman. Because it's still probably under warranty and/or it's under their responsibility (like the pipes from the unit upstairs that leaks and is slowly but surely rotting your ceiling).

However, you'll also find that some enterprising field-master will industriously offer to clean that p-trap of yours while recounting some vague horror story about the same pipe of some other unit owner you've never heard of before. And then charge you 300 for something you can do yourself in 5 minutes or less without any tools whatsoever. Except for rubber gloves, because you know... ick...
Learn to save – try a savings calculator.