Unit Investment Trust Fund (UITF) is a pool of investments from various investors like you. It will let you invest with little capital. It’s a good investment vehicle for those starting to invest but with a busy lifestyle. UITFs are offered mainly by banks. On the other hand, insurance companies offer mutual funds. They are […] The post UITF 101: Ultimate Guide to Investing in UITF in the Philippines appeared first on TheWiseGuyPH ..read more

I finally opened a BPI checking account last week. Compared to opening a regular savings account, this is more difficult to open, and I will share why later. The process is almost the same, but the feeling is different because you’ll feel richer (haha!) like how you usually see it on TV being used by […] The post How to Open a BPI Checking Account appeared first on TheWiseGuyPH ..read more

Last January 20, 2018, Chinkee Tan had released a new book called “My Ipon Diary” which is a follow-up to his successful book “Diary of a Pulubi“. If you’re not yet familiar with the author, he is known for his direct attacks on financial topics with a hint of humor. He makes each topic easy […] The post My Ipon Diary: A Realistic Approach in Starting Your 52 Weeks Challenge appeared first on TheWiseGuyPH ..read more

The COVID pandemic made us realize the importance of preparedness in health, finances, and job security. The SSS pension, for example, is one of the most sought-after retirement packages for Filipinos. Many rely heavily on their SSS pension, which is why it is a common topic for discussion between peers. Thus, it makes sense to ask, “How […] The post 2 Ways to Get the Highest SSS Pension appeared first on TheWiseGuyPH ..read more

Credit cards are a double-edged sword. On one hand, they can be useful for building credit and making small, regular purchases that you wouldn’t have the cash for otherwise. On the other hand, having too much available credit makes you spend more. Fortunately, there is no right answer when it comes to credit cards and […] The post Pros and Cons of Credit Cards: Things You Must Know appeared first on TheWiseGuyPH ..read more

We don’t learn financial literacy in schools or homes. Most of the time, it’s just self-thought. So if you know someone, maybe a friend who is knowledgeable about it, this might be the perfect time to reconnect with him. Reality strikes; not everyone has that kind of friend. Luckily, the internet is already accessible for […] The post 5 Simple Steps to Achieve Financial Freedom appeared first on TheWiseGuyPH ..read more

SSS retirement benefit or pension as we normally call it is one of the few benefits employees are entitled to receive when they retire. So before you empty your savings by joining the YOLO, you will only live once, and FOMO, fear of missing out, craze you may want to consider how much you’ll be […] The post SSS Retirement Benefit: An Easy to Follow Guide in Computing Your Pension appeared first on TheWiseGuyPH ..read more

Beneficiaries of a deceased member can claim two benefits, i.e., funeral and death benefits. The SSS funeral benefit is a lump-sum amount. On the other hand, the SSS death benefit is either a pension or a lump sum, depending on who claims it and the number of contributions paid before the semester of death. Here […] The post How to Claim SSS Death Benefit in 5 Easy Steps appeared first on TheWiseGuyPH ..read more

Being new in the workforce and managing salary is quite a daunting task. It can be very difficult to strike a balance between what you want and need. Adding all the sales in malls or from your favorite stores can really mess up your cash flow that’s why you need to do budgeting. I’ll be […] The post The 50-30-20 Rule: A Beginners Guide in Budgeting appeared first on TheWiseGuyPH ..read more