Prepaying a car loan

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

Leaving for the expat life ABROAD

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

Talk me out of paying off my car loan early

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.

More Talk me out of paying off my car loan early

The Filipino culture of “pasalubong” and “pakikisama”

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”