Pru Life UK launches PRUSteady Income.

As Filipinos continue to juggle growing financial responsibilities with personal aspirations, Pru Life UK introduces PRUSteady Income, a new 20-year endowment insurance plan designed to provide financial resilience—now and into the future.

“At Pru Life UK, we are committed to understanding what matters most to our customers. We designed PRUSteady Income as a practical financial solution that empowers our customers to confidently pursue their priorities today and prepare for life’s milestones ahead,” said Garen Dee, Chief Product Officer.

This life insurance plan offers a reliable mix of guaranteed protection and a steady income stream. From the end of the 11th year until the 20th year of the policy, policyowners are guaranteed to receive net annual cash payouts equal to 10% of the sum assured. Upon maturity at the end of the 20-year term, the full sum assured will be given as a maturity benefit. In the unfortunate event of death of the insured, the plan provides beneficiaries with up to 200% of the sum assured as death benefit.

To help manage unexpected financial needs, the policy also includes loanable cash values which is accessible as needed. For every Filipino The launch of PRUSteady Income underscores Pru Life UK’s commitment to helping Filipinos build a balanced financial portfolio—offering insurance solutions that are simple, reliable, and built for real-life needs. “Filipinos often put their families first and themselves second.

"With PRUSteady Income, we want to help them do both at the same time. It’s about giving people the confidence to care for their loved ones now, while also investing in the well-being of the person they’ve always aspired to be,” Dee said.

“Whether you are a parent preparing for a comfortable future for your children or a freelancer building a steady living today for yourself and your loved ones, PRUSteady Income is designed to meet you where you are in life and help you move forward with greater confidence,” she continued. For parents, the guaranteed annual payout offers a meaningful way to invest in their children’s future—supplementing their educational fund and nurturing a lifestyle filled with opportunity and growth.

“Beyond the 20-year coverage period, the maturity benefit can add to the policyowner’s retirement savings, offering financial security at a time when economic uncertainties make long-term planning more essential than ever,” she said.

PRUSteady Income is also well-suited for freelancers who find themselves balancing the demands of everyday life while yearning to nurture their personal growth. “The reality is saving often takes a backseat to immediate responsibilities. This product provides financial protection with guaranteed payouts, while the maturity benefit serves as a financial cushion for pursuing long-overdue personal goals,” she concluded.

To learn more about PRUSteady Income, visit www.prulifeuk.com.ph or follow Pru Life UK on Facebook. 

Paynamics x Sterling Bank of Asia: Empowering Businesses Together.

Sterling Bank of Asia (SBA) and Paynamics Technologies have renewed their partnership to enhance the accessibility of digital payments for SBA’s business clients. 

Attending the event were (L-R) SBA Retail Banking Group Head and EVP Ralph Cadiz, along with President and CEO Cecilio San Pedro; Paynamics CEO Mylene Chua-Magleo, Board Member Esther Magleo, CFO Ronald Magleo, and Chief Revenue Officer Allan Condino. 

Through this collaboration, Sterling Bank will introduce Paynamics’ cutting-edge payment solutions to its merchant clients—helping businesses streamline transactions and drive growth. This will make digital payments more accessible, seamless, and efficient for merchants across industries. Paynamics x Sterling Bank of Asia is just the beginning of financial innovation at work. There will be more to come as this partnership continues to build the future of payments.

Sterling Bank of Asia Grants Php 370 Million Credit Facility to Skyro.

Sterling Bank of Asia (SBA) has granted a Php 370 million credit facility to Skyro, one of the fastest-growing fintech companies specializing in financial lending services. This strategic partnership aims to support Skyro’s expansion and enhance its ability to provide seamless digital lending services to consumers nationwide.

Standing (L to R): SBA Marketing Assistant Ms. Patricia Cabas, SBA Relationship Manager Ms. Jessa Mahinay, Skyro Head of Funding Ms. Victoria Tupaz, and Skyro Treasurer Mr. Vicente Dela Cruz.

Seated (L to R): SBA Senior Vice President Commercial Lending 1 Head Mr. Jose Ison, Jr., SBA Executive Vice President for Commercial Lending Group Head Mr. Benson Hari-Ong, Skyro Co-Founder and Co-CEO Mr. Nasim Aliev and Skyro President Mr. Anthony Co

“We are committed to empowering fintech companies like Skyro, which are driving financial inclusion and digital transformation in the Philippines,” said Mr. Jose S. Ison, Jr., Senior Vice President of the Commercial Lending Group of Sterling Bank of Asia. “By extending this credit facility, we reaffirm our confidence in Skyro’s vision and its potential to reshape the financial technology landscape.”

The Php 370 million credit line will enable Skyro to scale its operations, expand its digital lending infrastructure, and strengthen its capabilities. This funding will accelerate Skyro’s mission of providing fast and accessible financial lending solutions to underserved communities.

“We are grateful for the trust and support of Sterling Bank of Asia,” said Mr. Nasim Aliev, Co-Founder and Co-CEO of Skyro. “This credit facility will help us drive financial accessibility and continue delivering secure, efficient, and customer-centric digital lending solutions.”

Sterling Bank of Asia remains committed to supporting the growth of the fintech sector by fostering collaborations that drive economic progress and financial inclusivity in the Philippines.

Loans Can Fuel Business Growth.

In today's very competitive market landscape, ease of access to funding may well be one factor that will ensure any growing business's success. Entrepreneurs need the assurance that they have easy access to financing through banks. This allows them to take advantage of opportunities in the marketplace, thereby ensuring business growth.

As one of the country's leading thrift banks that provides various business solutions to its clients, Sterling Bank of Asia (SBA) has pledged its support to help small and medium enterprises thrive in the ever-competitive marketplace.

SBA offers a wide range of business loan products that cater to the different needs of its customers, ranging from startups to established enterprises. Their offerings include term loans, trade check discounting, developmental loans, domestic bills purchase, and more.

Choosing the right bank financing product is crucial for a business's success. With the appropriate loan funding, businesses can reach their full potential. Entrepreneurs are encouraged to carefully evaluate their funding requirements and select from the wide array of banking products available to meet their specific goals.

Sterling Bank of Asia is committed to supporting businesses every step of the way. Their team is always ready and willing to assist clients in finding the perfect financial solution to achieve their business aspirations.

For those looking to grow their business, explore SBA's loan products and contact their team today to begin the journey toward success.

When is the best time to start learning about money?

According to BSP’s 2021 Financial Inclusion Survey, the number of Filipino adults with savings dropped by 25 percent from 38.6 million in 2019 to 28.9 million in 2021—decimated mainly by the pandemic.

As families recover from the pandemic, experts believe that our children—given their recent experience of how emergencies can affect finances—should learn good money habits early on from their parents.

The pandemic has seen innovation in financial technology (fintech) like e-wallets and e-commerce entering wide adoption. Saving money is much easier than it used to be, but the same modern conveniences can also lead to impulse spending and mismanagement. How many times have kids spent money with just a few taps on the screen?

With technology making money more accessible to children, the basics of financial literacy and resource management have become even more critical for their generation.

Building a financially savvy future

As part of its advocacy for financial literacy, FWD Life Insurance partnered with Junior Achievement of the Philippines (JA Philippines) to launch the JA SparktheDream program, which aims to develop primary school students’ financial literacy at an early age to help them achieve their dreams in life.

“Through JA SparktheDream, FWD Philippines seeks to build a future where more people are in control of their finances, and eventually their lives,” says Roche Vandenberghe, FWD Philippines Chief Marketing and Digital Business Officer.

The JA SparktheDream program simplifies money management topics, making these topics easier to understand, especially for kids in elementary school. It also focuses on financial inclusion, so that they are inspired to become agents of change for others as well.

During the launch, event panelist Gracie Maulion—known online as Tipid Mommy—shared her most important tip for parents teaching their kids about essential life skills.

“Programs like these are a blessing for parents like me,” said Mommy Gracie. “But it takes a village to raise a kid. You also need to set a good example to your children at home.”

“Even if we try to teach them proper money management, they won’t learn the lesson if it doesn’t match the behavior we show at home,” warns Mommy Gracie. “After all, values are more caught than taught.”

Here are some tips on setting a good example, taken from the FWD website:

• Show that you’re not buying impulsively. When children see you overspending on things you don’t need, they will have a hard time realizing that things do cost money and those costs have consequences—like lack of funds when someone falls critically ill. When you’re shopping for clothes and shoes that you don’t need or use, food that spoils in the fridge and is thrown away, they will think that it’s all right for things to go to waste. At the supermarket or mall, buy only the essentials. Teach them how to make a list before leaving the house.

• Let them experience what it takes to make money. Teenagers are always asking for money—teach them instead how to earn it and let them realize the true value of money. During their summer and semestral breaks, don’t let them just hang out with their friends all the time, but help them find a job or figure out how to become an entrepreneur. Food being the top and easier business from home to set up, perhaps they can learn to cook, bake, or design packaging. Encourage them to create content online that can be monetized.

• Involve them in your investments. Children don’t have the money to buy real estate, but by the time they’re teenagers they might have enough to participate in the family’s investments. Create a fund where they contribute a percentage—an equal one coming from each child’s savings account—with the parents matching or doubling their contributions. Use this fund to invest, and let them see their money growing firsthand

These tips and more are just a part of the practical life lessons on money taught in JA SparkTheDream—one of the many financial literacy and inclusion advocacies from FWD Life Insurance. To learn more about JA SparktheDream and other programs, visit the website and follow FWD Philippines on Facebook and Instagram.

Make It Count with Money Games at MortgageCalculator.org

Remember my nephew Morgan who loves music, Math, and Super Mario? Well, he's now five years old and is officially enrolled in preschool. He's been attending in-person classes  since the start of the year (one hour session, three times a week), and so far, he finds school fun and interesting. He's also made a lot of new friends, being the congenial little boy that he is.

Currently, he's on a week-long "health break" (sort of a semestral break, only shorter), like most preschool and grade school kids here in the Philippines. No homework or modules for now, but he's making productive use of his time by playing board games, singing karaoke, and swimming at the pool. When he's given screen time, he either plays Super Mario on his Nintendo Switch or goes through all the different video games at the Mortgage Calculator website.

My bubbly five-year old nephew, Morgan.

I chanced upon the Mortgage Calculator website while doing some research on real estate and home loans. As the name implies, the website has online calculators that can help you compute monthly home loan payments using different loan terms, loan amounts, and interest rates. They also have savings calculators, refinance calculators, and even home affordability calculators which can give you an estimate of how much you can afford to borrow for your new home. All these came in very handy for my research, but it was the money games that made me stay longer on this website - long enough for Morgan to see what I was doing on my computer and try the games for himself. 

Here are some of Morgan's favorite games on Mortgage Calculator.

Cash Back.

Select the number of bills and coins and give the change.

Cash Back is a basic arithmetic game where players use bills and coins to give the customers their correct change. It's a fun way to introduce money to kids, and teach them how to calculate using the different denominations. 

Supermarket Numbers.

Click the appropriate blocks to get the number on the upper left.

Another arithmetic game is Supermarket Numbers. The game starts with addition blocks, where you have to select two numbers to add up to the numerical goal shown on the top left. As the game advances, more blocks are added with functions like subtraction, multiplication, and division. 

Tap Supermarket.

Click on the customers at the counter and the empty shelves that need to be refilled.

On the other hand, Tap Supermarket is a grocery store simulation game where you oversee the store operations from manning the till, refilling the shelves, and managing the stocks. You earn money by checking out the customers in the payment counter, which you can then use to purchase new display racks and expand your store inventory. As the game progresses and you gain more experience, you can unlock the second checkout counter and a third grocery stocker.

Pizza Cafe.

Serve the customers immediately before the hearts run out.

Another simulation game is Pizza Cafe where you need to serve customers with the pizza that they ordered. There are different pizza variants which require different ingredients, and you need to assemble, cook, and send them to the conveyor belt until it reaches the customer. There is a time limit, so you need to make the pizza as quickly as possible before the customer walks out. You can also use the phone at the bottom right to order ingredients once they've ran out.

Hidden Food.

Click on the object as soon as you spot them.

Finally, there's Hidden Food, a simple search game where you have to find food items or kitchen appliances hidden among a cornucopia of fruits, vegetables, and other things related to food and cooking. The game starts easy, but as you advance to the different levels, it gets a tad more difficult as you need to find more items while the board becomes more densely packed. Surprisingly, Morgan managed to get to Level 10 with a bit of help from me. 

Enjoying some screen time on the iPad.

There are dozens upon dozens of fun games at the Mortgage Calculator website, and every single one of them is free to play. No sign-ups needed, no downloads required. Everything is browser-based so all you need to do is simply go to the website and click on the game that you would like to play. The site is ad-free, so you don't have to worry about annoying pop-ups or irrelevant ads showing up on screen. 

Yue will be having his "health break" next week, and from the looks of it, he'll be spending most of his break playing these money games as well. 

My Aspirations for the New Year 2023.

Happy New Year!

We're almost halfway through the first month of 2023, yay! Although this may seem like too late for a new year blog post (I was out of town with the family last week, more about this in a separate blog post), I wanted to write one anyway, just so my friends and readers know that I'm still writing, my neurons are still working, and I'm still alive (and kicking) in the blogosphere.

In the past, I would usually write a yearend recap slash appreciation post; this time, I'd like to share my aspirations for the new year. I wouldn't want to call them as resolutions, since resolutions tend to be broken anyway. The word 'aspiration' has a kinder, brighter ring to it, which makes the process of turning them into reality more fun, more inspiring, and definitely more positive.

Here's what I aspire to do this year:

Blog more often, with passion.

I had been in a writing slump the past two years, and I won't deny it. This pandemic affected me so much - physically, mentally, and emotionally. Being cooped up at home for months, losing my grandmother to COVID, being away from my husband because of travel restrictions, having to undergo quarantine twice because of a COVID scare in our neighborhood... these were just some of the dispiriting things that I had to deal with, and eventually contributed to my writing slump. I was uninspired and unmotivated for the most part, and even if I did manage to produce a few blog posts here and there, my writing felt and sounded very contrived and strained.

Dining out with my siblings and cousins.

Now that things are starting to go back to normal, I'm slowly easing back to life by going out in public more often and attending small gatherings with friends and family. By starting to reclaim my social life, I feel that my writing spark has been reignited, and hopefully, I will be able to write as often and as naturally as I did pre-pandemic.

Fix my sleep schedule.

My body clock has been out of whack for years now. This unhealthy habit is something that I urgently need to work on, more so now that Yue has resumed in person classes and I have to be up before 6am to make him breakfast and prepare his packed lunch. 

Photo credit: Pexels.

For starters, I have cut back on my caffeine intake, limiting myself to one cup in the morning and another in the early afternoon (no more coffee at night). Naps are now also a no-no, and whenever the urge to nap comes, I would keep myself preoccupied by taking a walk outside or playing Just Dance.

Save more money.

This resolution is almost always on top of everybody's list, each and every year. However, saving money can be a bit of a challenge for must of us this time around, with the rising inflation and skyrocketing cost of living. 

Photo credit: Pexels.

That being said, my husband and I have been looking into other ways to save money, aside from the usual budgeting and setting aside a fraction of our household income. We're leaning towards investments, and after much consideration and computation, mutual funds is the best choice. To give us an idea of how much we can possibly save and earn, we used this Investment Return Calculator. 

Make healthier food choices.

Instead of just saying that I will go on a diet to lose weight (and end up gaining all that weight back after a few cheat days or so), I will start with something more doable and realistic, like eating more "whole" food and cutting back on sugar intake.

Photo credit: Vanessa Loring on Pexels.

Losing weight has been a struggle for me since 2017 when I started taking corticosteroids for my asthma (doctor's orders, of course), and crash diets no longer work on me the way they did when I was in my 20s (I feel so old, haha). Perhaps by changing my perspective and mindset on dieting, like having better eating habits instead of not eating at all, will be more beneficial for me in the long run.

Be a coach, and no longer a controller.

So many things have changed since the pandemic, and that includes my son growing up. Now that Yue is fourteen years old, I am slowly coming to terms with the fact that he's no longer the little boy that needs to be taught everything and given instructions every single time. He is now a teenager with a mind of his own, and should be given wings so that later on, he'll be able to take flight with confidence and follow his own path to success. 

Yes, Yue is now this tall.

If you've been following this blog over the years, then you probably have an idea of how involved I am in Yue's life, particularly in his academics. Now that he's older, it's time for him to spread his wings a little bit and start figuring things out on his own. I'll still be in the sidelines, of course, coaching and cheering him on, but no longer nitpicking at every single detail. Well, I'll probably nag him from time to time, especially in the mornings when he refuses to get up even if he's about to be late for school. 

4 Things that will Uphold Homeownership.

Homeownership is an exciting and rewarding experience with a lot of responsibility. Whether you are a first-time homeowner or a long-time owner, it is important to make sure you are taking the necessary steps to maintain your home and remain a place of comfort and safety.

Photo credit: Mart Production.

This post will explore tips and guidelines to help you uphold home ownership and make owning a home as easy and enjoyable as possible. Read on to learn more!

1) Schedule Regular Maintenance Appointments

Homeownership can be overwhelming, but having a regular maintenance schedule will make it easier to manage. Regular maintenance appointments are essential for keeping your home running smoothly and avoiding costly repairs down the line. You can schedule maintenance appointments regularly to ensure your home is safe and functioning properly.

Photo credit: Ksenia Chernaya.

The most important maintenance appointment to keep up with is your HVAC system. Ensuring that your air conditioning and heating systems are working properly will save you money in the long run. Make sure to replace filters regularly and schedule yearly inspections to catch any potential problems before they become serious. Additionally, scheduling regular appliance maintenance appointments will keep them running optimally for longer.

Having a reliable handyman or contractor can be beneficial for taking care of basic maintenance tasks around the house. It’s important to stay on top of things like roof repair, gutter cleaning,, countertops upgrades (you’ll have a better choice with OPPEIN calacatta quartz), gas and water pipes upgrades, and other small repairs.

Overall, home ownership requires dedication and vigilance to maintain its value and protect its integrity.

Ahn Hyo Seop behind the scenes in Abyss (2019).

2) Do Your Research

It is important to do your research when it comes to home ownership. Knowing what you can and cannot do, understanding your local ordinances, and understanding the details of your homeowner’s insurance are all important components of being a successful homeowner.

You should understand all the rules and regulations of owning a home and the responsibilities of such a large investment. Take the time to read up on local zoning regulations, homeowner’s insurance policies, and other areas of home ownership that might be confusing or unclear.

Doing your research will help you stay informed and make more educated decisions about owning and maintaining a home. Additionally, it can give you peace of mind knowing that you are doing everything within your power to ensure a successful homeownership experience.

Photo credit: Pixabay.

3) Have an Emergency Fund

An emergency fund is one of the most important steps to take regarding home ownership. When owning a home, unexpected repairs and maintenance costs can arise quickly. Without an emergency fund, homeowners can find themselves in a difficult situation. It is important to set aside an emergency fund to cover any unexpected costs to prevent this from happening.

It is recommended that homeowners set aside at least 3-6 months worth of living expenses in their emergency fund. This will ensure that you are covered in case of any unexpected costs. It is also important to make sure that your emergency fund is easily accessible in case of an emergency. Many financial institutions offer accounts that allow quick cash access when needed.

Photo credit: Andrea Piacquadio.

4) Invest in Good Insurance

Homeownership comes with many responsibilities, and one of the most important is making sure you have good insurance. Not only does this protect you from any damage to your property, but it also protects you from financial burdens. By investing in good insurance, you can rest assured that you’ll be protected in a natural disaster, accident, or other unexpected event.

When selecting an insurance policy, it’s important to research and choose a plan that will adequately cover your home. Consider how much coverage you need and what type of insurance best fits your needs and budget. You should also look into any discounts or incentives that may be available in your area.

It’s also important to regularly review your policy to ensure that it is up-to-date and covers the most recent changes in your home’s value. Additionally, if you make any improvements or upgrades to your home, you’ll want to make sure that they are reflected in the coverage provided by your insurance policy.

As seen on Mama Fairy and the Woodcutter (2019).

Conclusion

Owning a home is a great investment and a lot of hard work. Proper planning and preparation can make the process easier and more enjoyable. Following the tips outlined in this article, you can maintain your home ownership for years. Remember to schedule regular maintenance appointments, do your research, have an emergency fund, and invest in good insurance. These simple steps ensure that your home ownership experience is as easy and enjoyable as possible.

How to Choose the Best School for Your Child.

Where your child goes to school is a big decision and shouldn’t be taken lightly. Given how their education can impact their future, you might be tempted to take control and decide for them. However, you might be doing more damage than helping them in the long run.

Your job as parents is to support them throughout the process so they can choose their path and find an educational institution that will not only make them happy, but also bring out the best in them as they prepare for real life. Here are helpful ways you can help determine the best school for your child without going overboard:

1. Create a list of school options with your child. If your child doesn’t have a particular dream school, you should help them gauge their choices by brainstorming with them. It’s vital that you take time to listen and understand what your child needs and wants.

For instance, if your child is an independent learner who learns best at his own pace, he might do better in a Montessori school. If your child responds better in a structured teaching style, then a traditional school might be best for him. Keep an open mind and decide on what will give your child what he needs.

2. Visit school campuses with your child. Some academic institutions have impressive websites with carefully curated photos, but in reality, the school leaves much to be desired. Instead of relying on brochures and the internet, take time to visit school campuses with your kid.

Schools are open to tours. You just need to schedule your visit in advance unless you’re an alumnus of that institution and have access to the grounds. You and your child can get a feel of the campus atmosphere to determine if it’s the right fit.

3. Provide guidance and support. While your child should have a say on where they will study, you should give them guidance based on pros and cons, and what you know about the school options. Choosing a school is a big decision and might cause anxiety for your child, so it’s best to be there for them.

The best way to provide emotional support is by actively listening to them. You should make your child feel comfortable about discussing their options and fears. Listen to understand where they’re coming from so you can help them make the right choice.

4. Prepare financially as soon as possible. Tuition fees are very expensive, especially with rising inflation so you need to prepare and be ready to provide for your child’s education. This way, you will be able to provide the best education for them.

Once you have made your choice for your child’s primary education, it is time to think ahead and prepare for the next big educational expense: college. You can save up on your own, or you can get AIA Philippines’ Future Scholar, an insurance product that gives guaranteed cash payouts that can help pay for your child’s tertiary education. Whatever happens, you’re confident your child will be able to get the college education that you envisioned.

Future Scholar doesn’t just help you afford costly school expenses. Aside from guaranteed savings, Future Scholar has an investment component so you can look out for your child financially even after they graduate from college. Moreover, you can choose to build your child’s education funds in five years or until the child reaches the age of 17. Should you decide not to use the funds for educational expenses, it can also be used for other big expenses in the future like buying a car or post graduate studies abroad.

In addition, Future Scholar gives you peace of mind. Whatever happens, your child will have money set aside for his future needs. Aside from that, your child or your chosen beneficiary can also be entitled to an additional lump-sum cash benefit should anything untoward happen to you.

“We know that the pandemic and the volatile economy has made everyone insecure about their savings. As a parent myself, I understand every parent’s desire to ensure that there are guaranteed benefits intended for their child’s future,” said Tennyson Paras, AIA Philippines’ Head of Products. “And this is what we had in mind when our Products Team designed AIA Future Scholar. We wanted to make sure that no matter what happens, a healthier, longer and better life awaits our children.”

If you want to know more about AIA Future Scholar and how it can help you guarantee savings for your child’s future needs, click here.

Start building a secured future with a ‘wearable investment’.

For more than centuries, precious stones such as diamonds and jewelry have always been associated with ranks and riches due to its rarity, scarcity, and beauty. However, for others, these precious items meant more than just statement pieces or accessories of clothing. To some, gold jewelry can be a form of “wearable investment” that never loses its value but instead, an asset that grows more value over time which can secure even your financial future.

Start investing now with affordable and authentic jewelry pieces with Cebuana Lhuillier, Just Jewels, and Cebuana Lhuillier Jewelry Premium as it stages its much-awaited annual Black Friday Gold Rush Sale from November 11 to 17. Avail 10% off on all items and up to 50% off on selected items in Cebuana Lhuillier’s more than 3,000 branches nationwide. You may also visit Cebuana Lhuillier Jewelry Premium and Just Jewels branches and get up to 10% discount on selected jewelry items.

Shop online and avail up to 10% discount by simply visiting Cebuana Lhuillier Jewelry and Cebuana Lhuillier Jewelry Premium website at www.cebuanalhuillierjewelry.com and www.cebuanalhuillierjewelrypremium.com. You can also check-out items from Cebuana Lhuillier Jewelry Premium via Shopee, Lazada, and Zalora with 10% discount.

“Jewelry are among the best investments anybody could have. It's a smart purchase since it’s a physical and tangible asset that is readily available, especially during emergencies. Apart from that, gold jewelry can also withstand inflation and a superior performer in times of economic instability,” Cebuana Lhuillier president and CEO Jean Henri Lhuillier said.

“We want to encourage everyone to take this opportunity to start investing now and buying gold is one of the many ways they can build a better future. Here in Cebuana Lhuillier, we want our kababayans to have access to affordable and authentic pieces of jewelry. They’re more than just a woman’s best friend, they’re everyone’s best investment,” Lhuillier added.

Take advantage of the nationwide sale and spend your holiday bonuses wisely by securing your future while collecting choice pieces.

To know more about the latest offers and get the best deals for the Black Friday Sale, go to Cebuana Lhuillier, Just Jewels, or Cebuana Lhuillier Jewelry Premium Facebook pages.

World Savings Day | More Pinoys recognize the value of saving money.

More than two years after the spread of the COVID-19 pandemic, Filipinos raring for a restart actually improved their mindset towards saving money, according to a recent survey by the Bangko Sentral ng Pilipinas (BSP).

This is a welcome development, considering that 34% of the population lost their source of income during pandemic years, based on a survey conducted by the United Nations Development Programme. As a result, many have relied entirely in their savings account in order to survive the last two years.

According to the BSP’s Consumer Expectations Survey for the first quarter of 2022, the percentage of household with savings increased marginally at 31.1 percent from 30.2 percent in Q4 of 2021.Majority of the respondents cited the need for emergencies, health and medical expenses, retirement, education, and business capital and investment as reasons to save their money.

A big help in this increase in mindset and enthusiasm is the availability of more options to save money, aside from traditional banking institutions.

Cebuana Lhuillier makes life easier and dreams come true with Micro Savings

One of the most innovative means to save is through Cebuana Lhuillier Micro Savings. Launched in 2019 by Cebuana Lhuillier and its banking arm Cebuana Lhuillier Bank, this product has been in the forefront of bringing easy, accessible, reliable banking to majority of Filipinos, with close to seven million micro savings account holders today.

“Cebuana Lhuillier Micro Savings empowered millions of Filipinos to embark on their very own financial journeys by giving them a reliable, accessible, and efficient way to save their money, which they can easily withdraw during times of need. The quick adaptation of our kababayans to micro savings proved that the healthy mindset towards saving has always been there, as long as they are equipped with the right tools,” says Jean Henri Lhuillier, president and CEO of Cebuana Lhuillier.

Cebuana Lhuillier Micro Savings—which allows customers to open an account in any of over 3,000 Cebuna Lhuillier branches nationwide for as low as only P50—was introduced as a means to address the barriers to saving, including lack of accessibility, high maintaining balance, and the need for numerous documentary requirements to open an account.

With businesses and the rest of the country slowly getting back to normal, Cebuana Lhuillier Micro Savings remained a go-to product for many of our kababayans ready to resume their lives and dreams following two years of uncertainty.

James Tan, 18 years old, a working student from Laguna,
who easily managed to save with Micro Savings to buy his own bike

For James Tan, an 18-year-old working student from Sta. Rosa, Laguna, saving meant enjoying the added mobility, safety, and convenience of having his own bike, a useful tool for his daily commute between work and school.

“Gusto ko kasi magka-bike kasi sapamasahe pa lang, malaki na matitipid ko papunta sa school at sa trabaho. So, yung paunti-unti kong pag-iipon sa Cebuana, ginamit ko yun para mabili yung pangarap kong bike. Hindi na ako nata-trapik o nale-late sa trabaho ngayon,” he shares.

(“I want to own a bike because I can save so much on fares commuting to school and work. So that’s why I saved with Cebuana enough to buy my own bike. Now I don’t get stuck in traffic and come to work late.”)

As a working student helping to support his family, James decided to continue his savings after buying the bike to also help augment the expenses from home.

Royce Jason Velez, a 36-year old construction worker
who saves using Cebuana Lhuillier Micro Savings account
to provide a better future for his family

The need to provide a better future for their family is also why Royce Jayson Velez, a 36-year-old construction worker, decided to open a Micro Savings account. Earning an average of P400 per day, Royce and his wife needed to be creative in order to stretch his salary to last until the next payday. His micro savings carried the family during difficult times, and are now being allocated for the schooling of his children.

“Sabi ko sa sarili ko, ipagpapatuloy ko ang ipon ko para magamit ng mga anak ko sa pag-aaral at balang araw, magkaroon sila ng magandang trabaho,”Velez shares.

(“I said to myself that I would continue saving so that I can send my children to school for them have good jobs in the future.”)

A former kasambahay, Carie Labro, 38-years old,
was able to put up her own sari-sari store
using Cebuana Lhuillier Micro Savings

For Carie Labro, a 38-year-old former housekeeper, her micro savings paved the way for her micro entrepreneurship. When her kids started asking for more time to spend with her, Carie decided to take a leap of faith and resign from her post as a housekeeper so she could be more present for her growing kids.

With the PHP10,000 she initially saved in her Micro Savings account, Labro opened a small store which she now maintains as her main source of income. Like Velez, she has vigilantly kept up with her micro savings. She now saves part of her earnings in her account as an emergency fund for her and her kids.

Taking advantage of the renewed interest in saving, Cebuana Lhuillier Bank continues to push for accessibility and convenience for their breakthrough product. The two-time Asian Banking & Finance Award winner for Rural Bank of the Year has adapted an innovative approach by adapting more tech features for micro savings.

“The success of Cebuana Lhuillier Micro Savings encouraged us to further push the envelope in bringing convenience, accessibility, reliability, and efficient banking to our clients. The change in how people access financial services nowadays served as our push towards digitalization,” said Cebuana Lhuillier Bank President Dennis Valdes.

Aside from Cebuana Lhuillier branches, micro savings accountholders can also withdraw cash anytime, anywhere in over 21,000+ BancNet ATMs nationwide, purchase online thru UnionPay merchants worldwide, enjoy 24/7 unlimited banking access with the eCebuana app, and make cashless payments in over 350,000 UnionPay and BancNet accredited stores nationwide.