Year: 2020

How to Prepare Financially for 2021

In today’s post I will be sharing ways you can prepare financially for 2021.   Before I move on to today’s topic, allow me first to say my sincere apologies for being missing-in-action on this blog. It has been a crazy month of November and December for me. Both months were filled with personal and work-related events.   To make it up to all of you, I will be posting […]

SavingsPinay’s The Budget Template

Finally! The Budget Template is now out!   The Budget Template is based on the 50-20-30 Rule of Budgeting, a rule of thumb popularized by American Senator Elizabeth Warren in her book, All Your Worth: The Ultimate Lifetime Money Plan.   The basic rule is to divide your after-tax income into three categories – 50% on Needs, 30% on Wants, and 20% on Savings/Investments. It is one of the simplest […]

October 2020 Net Worth Update

Welcome to my October 2020 net worth update!   The reason why I do net worth updates is to stay accountable with my finances. I publish my real numbers as it is with the mission to continue to bridge the financial literacy gap for Filipinos one content at a time.   I hope you enjoy today’s post.   October 2020 The month of October was filled with meetings. Most were […]

How to Achieve Financial Peace in Your 30s, 40s, and 50s

Today we will talk about how to be financially at peace in your 30s, 40s, and 50s.   When I did my very first Reader Survey , the results revealed that the primary age bracket of SavingsPinay Readers are in between 25-55.   I remember how surprised I was back then. I felt a lot of pressure because I knew those who were reading SavingsPinay have the age, experience, and […]

6 Things Consumers Should Check when Evaluating Credit Card Offers

There are a lot of misconceptions about credit cards among Filipinos. Among them is the idea that credit cards are debt traps. However, with proper money management and financial literacy, credit cards are actually helpful financial tools.   With that said, it can be hard for first-timers to decide on which credit card to get. The same goes for those looking for a secondary or a replacement card. That’s because […]

101 Sure Ways To Save Money From Your Money or Your Life Book

Your Money or Your Life is one of the financial book I finished for 2020.   The book introduced me to a 9-step plan to financial independence which I soon will write a separate blog post.   One of the best part I read in the book is a list of 101 sure ways to save money. I thought it would be great to share with you today.   Most […]

Investing in Mutual Fund for Beginners – The Complete Guide

If you ask me what the perfect investment for beginners is, I’ll definitely answer – Mutual Fund.   At 19, I had a mutual fund and kept investing in it as little as 1500pesos every month. I treated my mutual fund as a retirement account, money I am saving for my(future)self.   Over the years I’ve received a number of questions about investing in mutual fund in Philippines. So today, […]

High-Yield Savings Accounts in the Philippines

Most of us are in the hunt for high-yield savings accounts.   And I cannot blame you.   Nowadays it’s important to maximize whatever money we have. And if we can get a decent interest rate from the money we save, that would be amazing.   The typical savings accounts in the Philippines only provide 0.125% to 0.50% interest. With the fees involved maintaining the account, talo ka pa kapag […]

I’m Finally Investing in Stocks | SavingsPinay

I’m investing in stocks!!!   Today allow me to share to you one of the major financial decisions I did three years ago – I started investing in stocks directly.   I have always wanted to know how stock trading works and finally I can now learn from experience.   Investing in stocks is one sure way you can build a strong financial foundation and enable yourself to earn passive […]