Average Daily Balance, And Why Your Savings Account Paid Even Less Than Your Already Low Expectation
At the end of the year though, my interest was around 12 pesos (and I think that was before the tax kicked in - and, to boot, those were in the "old days" before the BSP started emulating the US Federal reserve in cutting down interest rates to all-time lows.)
Obviously I was bummed.
This article is posted under banking
But first, here's the question:
"...But as a beginner, do you think it will be wise to invest in UITF like the BDO equity fund while learning? I can see from your comment above that it is wiser to learn first before investing into stocks. You mean UITF or the one you personally invest? Can you share some tips please... Thank you :)"
Now for my answer:
It's a perfectly legitimate investment vehicle, and people do invest in them. However, since I don't trade currencies myself and it's a high-risk investment, it's reckless for me to recommend it.
Luckily, today we have a guest blogger who can tell us about the advantages of currency trading.
While the correlation between "evil" and idleness maybe debatable, it's not far-fetched that when we've got absolutely nothing to do, we might end up being up to no good.
And that's actually very relevant in personal finance.
There's a whole lot of stuff out there designed specifically to entice you to spend money. And so when you find yourself with spare time and looking for something to do, there's a great chance you'll end up spending money.
In this case, idle time is your wallet's bane.
It's not a bad idea to have inexpensive, "default" activities to fall back on:
This article is posted under saving
It makes more sense than say... me celebrating my birthday party. I've had lots of it already, so it's nothing new. Plus I'm footing the bill... so, you know: "It's ok. It's not a big deal. Let's just stay in." :D
What puzzles me is the grand 1st birthday celebration. I can understand the 7th, which is usually a little more modest (compared to the first, anyway). But the first birthday... It's especially bewildering to me.
This article is posted under personal finance
And indeed there are a lot of ways to do so. However, businesses have been quite adept at making us think we are saving money, when we aren't.
How? Here are 8 ways:
After again being hampered by procrastination, I've finally gotten of my butt and did some serious thinking about that taxi business.
And here's what I came up with. (file link after the break.)
It's not a business plan (though I have a draft of that too), and it only has a basic ROI (plus a little risk planning). What it is though, is a basic projection of what the finances would look like.
And after going through it, here's what I concluded:
This article is posted under financial future