Personal Finance Apprentice

Optimizing a Time Deposit Investment. In this post, we'll tackle how you can invest in Time Deposits without loosing liquidity and avoid locking in your money to low interest rates.

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Credit Card Tactics - Part 1: How Not To Get Buried In Debt. I know a lot of people are wary of credit cards, I felt the same way myself at first. But after a while, I discovered it's not so bad if you use it wisely. In fact, lately I've been optimizing the use of my credit card. And in this series of posts, I'll share everything I've learned and thought about. In this first part, we'll discuss the most basic tactic: how not to get buried in credit card debt.

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Credit Card Tactics - Part 3: ways to maximize credit cards without spending more or getting buried in debt. However, they're not easy and there's limited opportunity to take advantage of them. I'm sharing them so that it can get people thinking, and perhaps share other ways to do so.

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Securing A Loan

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You often hear about the envelope system and even the jars system. They're very effective, and I'd recommend them too. However, there are times when they might not be that practical implementation wise. I mean, are you really going to keep envelopes or jars of money at your house, while your away at work all day? Is it safe(r) to put them in your bag and carry it everywhere you go? Of course, you could use those envelopes and jars initially, to budget your money and then transfer them to your savings account, or pay/send the money wherever it needs to go. Personally, I find it easier to have several savings accounts to take the place of envelopes and jars. They're insured, earning interest (albeit paltry ones), and with online banking, your budgeting is just a couple of clicks away. If you couple that with a checklist, budgeting and allocating your money is fast and easy. (Note: just be sure to choose accounts that have low maintaining balances, with easily accessible atms, and doesn't charge per transaction. I personally prefer to re-use old payroll accounts, but if you look around there are good alternatives too.)

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Should I Have A Joint Account If I'm Married?

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High-yield Savings Accounts in the Philippines. What are high-yield savings accounts, which banks offer them, and what the interest rates are.a

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Lately, while browsing various forums, I've repeatedly come across a question about investing and debt. The question is a variant of this basic scenario: I have X years left on my loan, at around X% interest per year. But I can pay off the remaining amount (ex: 500,000 or more). Should I pay off the loan or is it a good idea to invest the money instead? (P.S. I also have the capability to make the monthly payments, separate from the lump sum I have right now.) What would be a good strategy in this case?

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A structured review of 9 banks in the Philippines. We will go over the adequacy of their customer service as well as check who has the lowest interest rates on car loans. Part 3 of a 3-part series.

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