We went ahead and prepaid anyway. And instead of being slapped with said penalty, we were given a rebate. It appears that the bank always has the discretion of waiving the penalty so don’t hesitate to prepay, if you can. If you’re trying to find a reason to prepay your car loan, read on! … More Prepaying a car loan
For this post, we have partnered with iMoney Philippines, the country’s premier financial comparison website that exists for the sole purpose of helping all Pinoys make easy, well-researched financial decisions. … More When did you get your first credit card?
I don’t believe in the 60-day money challenge. … More 60-day money challenge?
Frugal husband and I recently opened our first current/checking account. FH and I have never used checks before but we had to adapt to the times as our usual service provider recently changed policy and now exclusively requires payments to be done by check … More Using a checking account
Taipei is located at the northern portion of Taiwan, close to the Philippines. It is a three-hour flight from Cebu City and with a budget airline and promo flights, it can set you back the same cost of a local flight to Manila on peak times. … More Travel budget and itinerary in Taipei, Taiwan
There’s a point at which there is no further benefit to be had from cutting your living expenses. Maybe you’ve cut your frivolous expenses to the bone, limiting them to the basic food, shelter or clothing or even if you haven’t, there is a comfortable level of spending that maintains you a dignified lifestyle suitable to your and your family’s needs i.e. you can’t live like a hobo or a homeless person when in reality, you’re not. … More Leaving for the expat life ABROAD
There are 14 months left on our car loan and our cash balances are enough to pay it in full right now. In order to simplify our lives, FH and I are contemplating paying off our loan early this October, or 9 months before the end of our loan term. This will mean a rebate or savings of PhP16,243.5/USD 312.00. The savings isn’t in six-digit territory but still, we wouldn’t mind such discount and owning our car outright.
So you learned how to do and follow a budget, cut back on your shopping or gourmet coffee but still not making headway on your passive income** growth? You want to retire early someday but your passive income in the last year only accounted for 0 to 1 percent of your total income earned? You better check how much of your assets earn passive income … More Tinkering with asset allocation
Try searching on Facebook for any average advertisement for a new car or latest gadget. Majority of the comments will be, “how much is the monthly payment?” … More Why so fixated on monthly payments?
If you are non-Filipino travelling in a foreign country and happen to run into Filipino travelers, have you ever noticed how they often take the time to buy a bunch of little knick knacks or souvenirs in almost every other tourist stop? The quantities they buy are more than enough for the average traveller and the trouble that they go to and the lengths they go to carry the stuff despite limited baggage allowance will amaze you. … More The Filipino culture of “pasalubong” and “pakikisama”