Own a Home Through a Loan

A house could be the biggest investment middle class families will make. It is thrilling to live in your dream home, but the cost of owning one could be so high that you will just opt for a decent home that fits your budget. Buying a home is a major decision because it could mean applying for a home loan to afford it. Most Filipinos are able to own a house through housing loans offered by banks and other financial institutions.

Review of Philippine Banks' Home Loan Interest Rates and Process Part 1

Review of Philippine Banks' Home Loan Interest Rates and Process  We will go over the process for getting a home loan as well as check which bank has the lowest home loan interest rates. Part 1 of 2.
Since my post on car loan rates is one of the most read posts in this blog, I figured it would be equally helpful to find out more about home loans.

So during some free time, I went out and talked in person to several banks about their home loans. And were you aware that there are different types of home loans?

Why Go Local?

forex local broker
If you've been browsing personal finance sites (or even just news sites - or almost any site, really), you've undoubtedly come across ads about Forex.

It's a high-rick investment and before getting into it, you should definitely learn more about it. And today, guest blogger Bwayan Jordison is here again to share more info about forex trading

7 Fuel Efficient Driving Tips, 2 Myths, 3 Strategies and 3 Maintenance Tips You Should Know

7 Fuel Efficient Driving Tips, 2 Myths, 3 Strategies and 3 Maintenance Tips You Should Know.  Fuel is expensive, but there's a lot you can do to make sure you use it as efficiently as possible.
Fuel is expensive, but there's a lot you can do to make sure you use it as efficiently as possible.

11 Useful Credit Cards That Can Help Your Budget

You've probably heard of people having multiple credit cards. Great way to get buried in debt, right?

If you have no financial discipline, that's the most likely outcome.

But if you can control your spending, some credit cards can actually give you an edge. Here are some examples of useful credit cards that can help you with your budget.

Credit Card: Points vs Rebates - Which is Better?

(Unfortunately it's another one of my long, math-filled posts. Please bear with me, there's some good points here.)

Most credit cards let you earn points that you can exchange for rewards. Some give you "gifts" when you spend a certain amount (though usually that means spending a lot),

But some offer rebates - letting you get money back on purchases you normally make anyway.

So how do you know which card is most "rewarding"?

On Advertising

You may have probably guessed that I'm not a fan of ads. I could probably give my views on them, but that would probably be a long and boring read (if not rambling and confusing).

But luckily I don't have to, you can "learn" all about ads from Jerry Seinfeld in this 4:37-short video clip.

Angat Pilipinas Awards

You may have read me mention that I'm a member of Angat Pilipinas. It's an organization, mostly of OFWs, whose aim is to promote financial literacy and entrepreneurship here in the Philippines.  Ans as part of that effort, Angat Pilipians will be holding the first and only personal finance awarding event in the Philippines.  The awards were created to recognize excellence and achievement in financial literacy and entrepreneurship.   So if there's any personal finance or business blogger that you feel has really helped you or taught you a lot, please nominate them. After the nomination phase, there will be a voting phase, and the awarding will be in April 2015

You may have read me mention that I'm a member of Angat Pilipinas. It's an organization, mostly of OFWs, whose aim is to promote financial literacy and entrepreneurship here in the Philippines.

Ans as part of that effort, Angat Pilipians will be holding the first and only personal finance awarding event in the Philippines.

Is It Ok To Buy Generic Medicines Or Is That Being Too Cheap?

Is It Ok To Buy Generic Medicines Or Is That Being Too Cheap? I think most people just equate the low price with low quality. And so if generic medicines are cheap, then there must be something lacking or wrong with them.  But what sometimes isn't considered is that when we buy branded medicines, we aren't paying for just the drug. We also pay for a lot of other things: the nicer (more expensive) packaging it comes in, the initial research done (even if it was completed decades ago), and the marketing/advertising for the drug.
A while back, I was reading an article about savings tips, and one of the tips was to buy generic instead of branded medicines.

To my surprise though, one of the commenters was wailing against skimping on your health by buying "unknown" (di-kilalang) brands.

The person was of course right. But "unknown" brands are different from generic medicines. More importantly, they aren't really any less effective.

Is it ok to get a loan?

Being in debt isn't always a bad thing. There's good debt and bad debt, and it's important for us to be able to tell which is which.

But sometimes it can get confusing. Like, is it better to save and invest for a house rather than buy it through a housing loan?

To give you an idea, here a 6 examples of when it's ok to get  a loan, and 6 examples of times you're just burying yourself in debt.