Archive for Personal Finance

Top 3 Money Tips For The Filipino Youth

Mobile load, online gaming on internet cafes, gimmicks, electronic gadgets and fashion are the stuffs that the average Filipino kids nowadays spend their money for. One youngster interviewed in a local TV station even admitted that she spends more money on her SUN/SMART/GLOBE prepaid load than snacks!

Are the Filipinos’ basic money management virtues such as frugality and practicality gone? Or we simply need to remind ourselves the importance of good money management skills? Well, we sure prefer the latter but the bitter truth is that thousands of our young guns out there need guidance on how to keep their dough.

The Filipino Youth and Their Finances

The Filipino Youth and Their Finances


Here are the Top 3 tips for the Filipino Youth:




See those life-meter in the games you play? A fuel bar on that racing app or that resources or points needed to upgrade an item in your digital arsenal?

Same as with real life, we also have that kind of meter which is called the: Money-Meter. It is also limited and it will soon be exhausted if you don’t manage it very well.

Back in 2004, my allowance was P150 a day which covers my transportation cost to and from Mapua Makati (which is about a total of P80) and P30 for snack or lunch. The P40 difference is the amount I set aside for my savings and for the usual college gimmicks.

Though the prices had certainly gone up now because of inflation, the idea of spending just within your means is still applicable today. Just like the budget specified above, you too can detail all your expenses to have that overview of your total spending. This will definitely help you survive and win, not just in games, but also in real life.



#2 – GET PAID!


Aside from your daily allowance, where else can you get cash?

Young ones nowadays can either go into a part-time job during their free time from class hours or venture out doing online jobs. The most in-demand work today are writing, translation, programming and web development and graphic design which were made possible by popular online job portals such as, and even including the Philippine-based website.

If you have the guts to do any of these, then this is the perfect time to grab the opportunity. You might also want to try starting a business of your own, such as selling home-made desserts, buy & sell stuffs or setting up your own online shop. Alternatively, you can also dive into the world of investing at our very own Philippine Stock Market for just 5,000 pesos through COL Financial’s EIP.

Trivia: Warren Buffett bought his first stock at 11 years old! And that was back in 1940s!

Remember that Mark Zuckerberg , Nick D’Aloisio, Bill Gates, Steve Jobs and other successful folks started young as you are right now! At this crucial point of your life, you must start practice earning and handling their own money wisely, and get paid in the process! Because if not now, then when?




While you may be earning a lot of money, you shouldn’t spend all of it especially on things you don’t really need that much. Having savings to tap on when times get rough proved to be a necessity for everyone.

Therefore, what you can do is to calculate your income and find the sum total of your usual weekly or monthly expenses and deduct the amount from your income. The rest must go to your bank account.

For youngsters, opening bank accounts that have low initial deposit is the first step to learning frugality and practicality. For example, one might want to try BPI’s easy saver account. At BPI’s easy saver, you only have to allot 250 pesos for your initial deposit and your ATM account.


Wrapping It Up!


See how easy it is to save your money today? Do Savings, Banking and Investing early, so you can learn the basics of financial management without begging your parents to back you up all the time. Being independent at an early age is a good training for the future.

The basic norms of handling your money properly are summarised in three points discussed above: First, determine the things you spend your money for regularly by setting and sticking to your budget. Second, find a part-time job or a small business that will generate income and hone your skills in the process. And lastly, keeping track of your spending and savings, avoiding unnecessary losses.

Follow these norms, and reap the sweet fruits of being a fine steward of your own finances! Cheers!

Stock Market 101 with Juanis Barredo

Ano nga ba talaga ang isang Stock? Paano ba mamili at magbenta sa Stock Market?

Ating alamin ang kasagutan kasama si Juanis Barredo, isang Technical Analyst at kasalukuyang Vice President of Sales & Marketing nang Incorporated. Narito ang ANC On The Money video:



Maganda itong video na ito para sa mga balak mag-invest sa stocks, mga MBA/Accountancy students at mga newbie investors.

Financial Review for Education


Here’s my story of doing my first ever Financial Review for my Education…

I graduated from Mapua Institute of Technology (Makati branch) on Aug 2007. But actually, my family can’t really afford to pay my tuition fee back then.

It all started when I was about to finish highschool and was scouting for colleges/universities to apply. My parents had said to me that they have no means of admitting me to a university with a hefty tuition fee.

They mentioned before that they bought an Educational plan but because times had changed, as well as the school fees of the Universities, they thought that the pre-need plan they bought was useless.

I did first ever due diligence and read the entire Educational Plan contract and suprisingly, I saw Mapua on the list of our Educational Plan. After that, I took the entrance exam; told my parents about it and the rest is history.

This is just a reminder that soon, we will have to shoulder the heavy price of education. Unless our little ones are exceptionally intelligent and was provided with scholarship

How much should my salary be?


With the present value of my Skills and the Years of my industry experience, how much should I REALLY be paid?

How much? …Really?

“With the present value of my Skills and the Years of my industry experience, how much should I REALLY be paid?”

That’s a very interesting question because the size of our paycheck varies greatly across industry sectors and various factors such as talent, academic background, nationality, certifications, age, gender and many more. Thus, it is wise to know the key factors that one has to possess in order to reach the pay grade that he/she rightfully deserves.

Your Career in Jeopardy

There’s a risk on either staying in or quitting from your present employer, as we continue to strive to be in the proverbial greener pasture. But like any other ventures, the dangers can be mitigated with proper prior planning to prevent poor performance and results. And the earlier we do this, the better.

So today, just ask ourselves that magic question and research more about the monetary value of the services that we are capable of providing. And I bet that you’ll be amazed to discover the remuneration disparity in the corporate world, let alone, in the four corners of our workplace.

Where are you now?

When reviewing your career, consider the industry, growth, region, demand and other relevant factors of your discipline. Enumerate the benefits that you are receiving now and compare it with the status quo, then give a honest assessment on your present standing.

Once you completed this activity, you’ll be well informed about the financial standpoint of your chosen profession and current industry.

And on your upcoming job interviews and offers, you’ll be more confident in asking for your expected compensation. Why? Because you know where you stand in the competition.

Who want to be underpaid (& over-worked) right?

Seize the day!

Don’t settle for anything less, especially if you had done a fine job and had been working hard diligently for many years. Remember that no one cares about your career growth and financial well-being as much as you.

In addition, there are people out there who just pretends to know the trade but in reality, they do not, yet still, the big multi-national companies hires them and gives a better package than rest in your cohort. If these charlatans have the courage and confidence, what more should the deserving ones be?

Thus, let’s do it now and take charge of your future. We wish you all the best in your career!

We can make it!

5 Ways Newlyweds Can Budget Properly

One of the major contributors to divorces today is poor money management skills.  When newlyweds manage their money poorly, it can lead to stress, which ultimately can lead to a divorce.  To make sure that your marriage remains strong and your pocketbook stays happy, here are five money managing tips for a happy marriage:


#1 Write Down Goals and a Budget

First off, the both of you should be on the same page when it comes to finances.  Every week or month, set aside some time to discuss where your money is going to go that month.  After the bills are paid, figure out where the extra money is going to go. 

Are you saving up for a new house?  Should the extra cash go towards that hospital bill?  When you have a set budget and everyone sticks to it, it’s a lot easier to know where the money is going.



#2 Build an Emergency Fund

When creating a budget, it’s only going to take you so far.  What happens when the car dies?  What if you lost your job? 

For those emergencies, always make sure that you have a separate emergency account.  This account should always have at least six months of living expenses inside of it.  However, if an emergency does arise and you don’t have the funds yet, consider alternative funding options.



#3 Start Saving

While retirement may seem like it’s years away, it doesn’t mean you shouldn’t think about it.  Since you want to enjoy your golden years, the last thing you want to do is rely on the government when it comes to your paycheck. 

Even if it’s a few bucks, start contributing to your retirement nest egg.  Since time is on your side when it comes to retirement, the earlier you start, the better you will be financially when you’re older.



#4 Stay out of Debt

A debt-free marriage is a healthy marriage. 

Even if you took out a payday loan a few years ago and you’re still paying it off, it doesn’t mean you have to stress out.  In the future, just make sure that you’re spending less than what you make, and make it a habit to ask yourself if you really need that item before buying it.  Yes, it really is that simple.



#5 Be Honest

Being married isn’t an easy gig.  When working with finances, just be honest about what you want to do with your money and what you bought for the day.  Hiding purchases and lying about what you spent at the store will do no good.

As long as you love one another and everyone is on the same page, there’s no reason you can’t be on the track to financial freedom for years to come.