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Make your money work harder by getting free insurance with BPI Save Up

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et Free Insurance BPI Save Up

I’m always looking for ways to make my money work harder. When I first learned about BPI Save Up more or less 10 years ago while I was still working at a BPO, I immediately opened one. I got to have automatic savings and free insurance? What’s not to like? Why not let my money do two things, instead of doing only one thing? Unfortunately, when I changed jobs my payroll bank account also changed. I didn’t bother keeping the BPI Save Up account active. After years of dormancy it became a regular savings account. I recently decided to open a new BPI Save Up account during a visit to the Philippines. My idea was to park my peso emergency funds in a Save Up account, and while the money is sitting there waiting to be used for an emergency, it can also give me free insurance coverage. As a […]

Personal Finance

How to Choose the Best Travel Insurance for Filipinos

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How to choose the best travel insurance for Filipinos

One of the things we often neglect when we go on trips abroad is buying travel insurance. We’re justifiably obsessed with getting the best deals on plane tickets and hotels, arranging itineraries, and researching “must have” experiences we shouldn’t miss. But when it comes to protecting ourselves from possible expenses such as accidents, missed flights, and other things that might negatively impact our travel, we turn a blind eye. We don’t want to “jinx” the trip by being “too negative”. By the time we realize that we should’ve purchased travel insurance, we’re already in the middle of a very expensive mess. In this post, I will share my insights for shopping for the best travel insurance for Filipinos.   Why travel insurance for Filipinos? We hope that our trips will be problem- and accident-free that many of us fail to properly prepare for sudden health issues. But the fact is, […]

Personal Finance

How to Calculate Your Real Hourly Wage and Why You Should Do It

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How to Calculate Your Hourly Wage and Why You Should Do It

Here’s a very neat method I learned from the classic personal finance book,  Your Money or Your Life: how to calculate my real hourly wage and why I should do it.   The concept is this: we only have a limited time on Earth and we exchange a portion of that time to go to work and earn money.   That means we are literally giving up our life for money. Which raises the question: are the things we’re spending money on worth the life we’re giving up to buy them?   How to Calculate Your Real Hourly Wage Coming up with our real hourly wage isn’t as straightforward as we’d like to think. We think that our salaries (including benefits, etc.) is our real wage. Not so.   The real hourly wage is computed by considering how much you actually earn when you include costs for you to be able […]

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How to Achieve a Total Money Makeover in the Philippines

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How to Achieve a Total Money Makeover in the Philippines

I’ve been trying to follow the financial advice of so-called experts to try to achieve a total money makeover in the Philippines but nothing seemed to stick. Most of the advice I found were either the feel-good touchy-feely type (you have to think positive thoughts to attract wealth), too unrealistic and out of touch with how human beings work (don’t spend on ANY luxury and eat beans and legumes for an entire year), too chaotic and/or unstructured (set aside 20 percent on savings and don’t stress about the rest), or can land you in small claims court (pay yourself first before paying your creditors). These advice may work for other people but not for me. Me, I need structure. I want lists, bullet points, flow charts. I get a kick out of writing to-do lists and then ticking them off. I have an entire shelf of personal finance books in […]