Want to save money? Don't bulk buy!

Want to save money? Don't bulk buy!  You can save money by buying in bulk - if you do it right. But most of the time, households are better off just managing their cash flows.
Ok, you got me. That isn't really accurate. You can save money by buying in bulk - if you do it right. But most of the time, households are better off just managing their cash flows.

First off, yes you do get a lower price (per unit, that is) by buying in bulk. But it's not that straight-forward.

And good personal finance decisions often can be analogous to what a responsible company would do in similar situations. Taking stock of your personal net worth is pretty much a company's balance sheet. And assessing your cashflow is like a company's income statement.

And since companies buy in large quantities, it makes sense that we should do so if we can, right?

Actually, no.

Forex and commodities as alternative investments

The past few years, more Filipinos became aware of stock investing. And from what I read, there's more Filipinos investing now than in the past.

But there's actually a lot of investments available out there aside from stocks and real estate. And today, we have Bwayan Jordison to tell us about some of the alternative investments out there.
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On Building Good Habits

Do you believe that life is a series of decisions?

I know that sounds a little too philosophical for a small, random blog. But it's easy to believe so, isn't it?

Everyday we make a lot of  small and big decisions. What shirt to wear, which route to work to take, what to eat... and most relevant to this blog, even what/when/how we spend our money.

If you really think about all the decisions you have to make during the day, you might be exhausted just from cataloging them. But the really interesting thing is that when you make those decisions, you aren't thinking at all.

To be more specific, the actions you decide to take are based on habits and not conscious decisions at all. Studies show that around 40% of the things we do, we do simply because we got used to doing them.

Habits are powerful. We could be living half our lives on autopilot. Worse, we could be doing so without really deciding that the "flight plan" is really what we want.

4 Stock Perils And What You Can Do To Keep Yourself Safe

4 Stock Perils And What You Can Do To Keep Yourself Safe.  Stock investing is profitable - and risky.   What if my bank closes own, will I lose my UITF too? What about Mutual Funds? Can mutual fund companies go out of business? What happens then? Can my stock broker go out of business? What happens then? What if the company I invested in gets suspended or de-listed by PSE?   While investing in stocks is inherently risky, at least it isn't a total leap of faith. There is some measure of protection, we just need to be aware of them.
Stock investing is profitable - and risky. I've written before how you can reduce your investment risk.

But some risks are beyond your control. Fortunately, you aren't totally unprotected and don't have to just accept them.

Medical Insurance For Senior Citizens - Blue Cross Premier vs Kaiser Senior Care

I posted about Health Insurance for Senior Citizens last time because it's a topic that's been on the minds of people that I know. And weirdly enough, it's not a widely discussed topic despite generations of Filipinos shouldering the care for their parents' well-being.

The probable reason for that is there's hardly any choices. And what's available is prohibitively expensive. I actually browsed several insurance sites but didn't get any info about medical insurance for senior citizens. And I also previously read that Blue Cross was really the only one offering medical insurance to senior citizens.

But a good thing about that post is that it attracted someone that mentioned yet another alternative - Kaiser Senior Care. So I decided to write a post and try to compare the two.

3 Biases That Affect How You Handle Money

A while back I mentioned 7 behaviors that silently affected how we handle money.

Today I'd like to share and add three more to that list - Priming, Halo Effect, and Hindsight Bias. These were actually explained really well in Daniel Kahneman's book Thinking Fast and Slow.

But instead of me writing about it, here's a concise 4:35 animation from youtube channel FightMediocrity to explain it.

Health Insurance for Senior Citizens

Health Insurance for Senior Citizens  Health Insurance is available for those 66 years old and above, so let's discuss the mechanics - and the price.
"The only choice for senior citizen's."

If you've tried looking for health insurance for your parents, or anyone older than 65 for that matter, then you've probably come to the same conclusion. The only medical insurance currently available is Blue Cross' Premier plan.

But technically speaking, that isn't true. Another more basic (and affordable) insurance is still available - PhilHealth.

Of course, in practice, PhilHealth is usually not enough. And so, if you're looking for medical insurance for senior citizen's you're pretty much stuck with Blue Cross Premier.

However, that's almost beside the point. Insurance is available, so it's more practical to discuss the mechanics - and the price.

How Actively or Passively Should I Manage My Equity Fund?

How Actively or Passively Should I Manage My Equity Fund?  This is something I struggle with myself. And I think every new investor in an equity fund also struggles with this too at some point.  Should you actively manage your equity fund? It's a profitable strategy; but it really depends on your execution.
This is something I struggle with myself. And I think every new investor in an equity fund also struggles with this too at some point.

And someone asked me about this in the comment section. And I've read this in forums too. What if I sell my UITF/MF when it reaches a high and then buy back when it falls to a low? Is this a good strategy?

Yes, that's a profitable strategy; but it really depends on your execution.

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.
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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.