digital PERA and tax credit implementation
PERA

New Updates on PERA – Digital PERA and Tax Credits

RedditPin3Share38TweetShareClipVibeWhatsAppTelegramPrintEmail41 SharesFinally! Some good news!    I was one of the thousands of people who watched the Bangko Sentral ng Pilipinas (BSP) Facebook Live Event launching the Digital PERA (Personal Equity and Retirement Account) last September 9. Like many Filipinos, I’m looking forward to developments in the implementation of PERA, especially on the application of the tax exemptions and the ability to change PERA administrators.   One of the highlights, at least for me, of the event, was the speech of BSP Governor Diokno. I learned so many things, many of them horrifying, about retiring in the Philippines.    First

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Things that will financially tide me over the epidemic
Personal Updates

5 Things That Will Financially Tide Me Over The Epidemic

RedditPinShare20TweetShareClipVibeWhatsAppTelegramPrintEmail20 SharesNow that the entire world is being ravaged by the novel coronavirus, I feel paralyzed.  Although we felt the effects of the COVID-19 epidemic here in South Korea ahead of the rest of the world (with the exception of China), I wasn’t as scared then as I am now. Now that the epidemic have reached almost all parts of the world including the Philippines, I’m like a deer caught in the headlights. I don’t know what to do, I can’t focus on tasks, I’m scared for humanity. I’m scared for my loved ones back home. I’m scared for my

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Net Worth Update - March 2020
Net Worth Report

March 2020 Net Worth Update – In the midst of the coronavirus epidemic

RedditPinShare14TweetShareClipVibeWhatsAppTelegramPrintEmail14 SharesAs you may have noticed, the world has gone absolutely insane in the past three months. Since the start of the year, the stock markets I’ve been investing in were on a downward spiral due to the COVID-19 epidemic. Millions of people are in lockdown and still no cure or vaccine in sight. I read how the Spanish flu killed millions in 1918-1920 and I hope I’m wrong but what’s going on right now has the same energy. So what I’m saying is, worrying about the decreasing value of my retirement portfolio seems asinine at this moment, especially given

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Pag-IBIG mp2 vs SSS Funds - Which is better?
Investing

Pag-IBIG MP2 versus SSS funds – Which is better?

RedditPinShare75TweetShareClipVibeWhatsAppTelegramPrintEmail75 SharesI received so many messages from people who want to put money away for retirement but are hesitant to invest in the stock market for different reasons. Many simply don’t know how, while others are scared of the stock market’s volatility. Luckily for us Filipinos, the government is implementing programs to help those who want to prepare for retirement. So far, we have the Personal Equity and Retirement Account or PERA, the SSS Flexi Fund for overseas Filipino workers, SSS PESO Fund for all SSS members, and Pag-IBIG MP2. In this article, I will compare two of these government-backed

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3 way to Top UP Your BPI PERA Account
PERA

3 Ways to Top Up Your BPI PERA Account

RedditPinShare23TweetShareClipVibeWhatsAppTelegramPrintEmail23 SharesAfter opening a Personal Equity and Retirement Account (PERA), our next step is to make sure that we top up our account every year. In this post, I will share three ways to top up your BPI PERA account. Yes, there are only three ways to do it. But before we proceed, in case you’re not familiar with PERA yet, you can read these related posts: What is PERA and Why You Need One Right Now?  Ultimate Guide to PERA Investment Instruments 1. Personally visit BPI Buendia Center in Makati If you’re in Metro Manila, the easiest and most

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My Net Worth as of January 2019 and Goals
Net Worth Report

My Net Worth at the Beginning of 2019 and Goals for 2019

RedditPinShare1TweetShareClipVibeWhatsAppTelegramPrintEmail1 SharesI’m a bit nervous about revealing my net worth online because I’m usually a very private person and would rather keep these things to myself.  But if I’m going to commit to my financial literacy advocacy, I think it’s a great idea to write regular net worth updates in this blog. Plus Elizabeth Gilbert (author of Eat Pray Love) told me that I should give myself permission to be more open and start sharing some personal things.   At first I was actually scared to write down my net worth because I felt I didn’t do enough to improve

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What is PERA
PERA

What is PERA and why you need one right now

RedditPin1Share71TweetShareClipVibeWhatsAppTelegramPrintEmail72 SharesPersonally, I don’t want to grow old poor. I’m sure you don’t want to be poor when you grow old either. And I bet that nobody in the world ever wants to be old and poor. So in order to help Pinoys prepare to be not poor when they’re old, I will discuss PERA in-depth, and why you need one right now. Retirement planning is a crucial yet regretfully neglected part of financial planning in the Philippines. People usually put off saving for retirement in the last 5 to 10 years of their working lives.  Unfortunately, the money they

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How to Achieve A Total Money Makeover in the Philippines
Back to Basics

How to Achieve a Total Money Makeover in the Philippines

RedditPin14Share26TweetShareClipVibeWhatsAppTelegramPrintEmail40 SharesI’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

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Katie Scarlett

Katie Scarlett

is a personal finance advocate working towards achieving financial independence and early retirement (FIRE).

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