On Helicopter Money

If you're reading a personal finance blog, there's a decent chance you may have heard or read terms like "quantitative easing" or "economic stimulus".

That is an indirect, though you could say effective, way of getting money into the hands of people and getting them to spend. So that the economy (or the flow of money through spending, business, income, and more spending) moves or grows faster.

But that's mostly imperceptible to us common folks.

So it was a little surprising to read about "helicopter money" - or government/central banks thinking about directly handing out money to people, bypassing banks altogether.

On Heuristics and Specifics

One of the things I like about having a personal finance blog is that I get a lot of different perspectives from people that leave comments or send me email.

Let's take the generic advice to save 10% of your income each month and build up this big emergency fund, and then invest.

This is of course widely applicable, but there are always tweaks based on our specific circumstances.

How Can Students Invest?

How Can Students Invest?
One thing I like about having a personal finance blog is that I get to think about different perspectives and situations I normally would not have considered.

One such case is when a student asked me about investing.

On one hand, it's great to start early. On the other hand, there are practical concerns.

Personal Finance Is Personal

Personal finance is personal. That's a nice quote I first heard from Fitz Villafuerte. When he used it, and when I repeat it, usually it's in the context of people having to make their own decisions when it comes to how they will invest. But apparently it's a bit more than that.

A while back, I read a post in facebook from a finance coach. I may be taking things out of context, but what I read was his reason why he charges a fee for his advice.

He brought up a good point. Basically he says he charges a fee because he wants to work with people who are serious about getting their finances in order (not his exact words, but that was the gist I got). If you're willing to pay, then you are taking your finances seriously.

This mindset not only applies to a coach's advice. This can also include buying books and attending paid seminars.

I obviously have a different view.

3 Smart Characteristics of Debt-Free People

I recently posted on facebook an article about how a good portion of Filipinos are in debt. Now, we know that some kinds of debt are good and being in debt is not necessarily bad. However, if 2 out of every 5 people you know is in debt, then it's probably a good idea to at least be more conscious about it.

And today, we have guest blogger Kyle to talk more about how to be debt-free.

What happened to my 800?

What happened to my 800?
A while back, I wrote about what I did with my 6k windfall.

Smart Online Shopping

As I've written before, I'm a big fan of shopping online. I mean sure, there are times when you need to do it in person - to see and hold (and inspect) the item first before buying it. And sometimes it can still be just as cheap to buy it in person.