Smart Financial Choices for Everyday Life.

Key Takeaways

• Establishing a practical budget is foundational to ensuring your money works for your lifestyle and your goals, providing a clear map for spending and saving decisions.
• Emergency funds provide essential protection against life’s unpredictability, offering an invaluable buffer against sudden expenses or income loss.
• Automating savings and payments builds consistency, minimizes the risk of error, and reduces the stress of keeping up with due dates and obligations.
• Continued financial education leads to wiser decisions, providing long-term benefits and enabling you to stay ahead of trends and changes in the financial landscape.

Managing your personal finances effectively isn’t just about numbers; it’s about making deliberate, informed decisions that support your long-term security and bring peace of mind. Every financial move you make today can influence your future comfort and stability, whether that’s maintaining a balanced budget, meeting obligations on time, or planning for significant life events. Proactive financial management empowers you to confidently meet your immediate needs, pursue your longer-term goals, and handle unexpected events with greater poise and assurance. Whether you're seeking support for an urgent expense or laying the groundwork for a brighter future, understanding all your financial options, such as borrowing responsibly from MaxLend, can be an essential part of your broader financial strategy. Recognizing the significance of your financial behavior unlocks opportunities for growth and independence. Building a solid foundation for your finances begins with awareness and intentional action: tracking where every dollar goes, preparing for life’s uncertainties, and taking practical steps to ensure your hard-earned income works in your favor rather than against you. These habits aren’t just about cutting costs; they’re about maximizing your resources and creating a lifestyle that aligns with your values and aspirations. Embracing wise financial choices and leveraging available tools, such as apps, digital banking platforms, or financial advice services, can guide you toward lasting financial well-being and help you avoid common pitfalls. Prioritizing financial health is a journey, and each conscious choice is economic over time.

Photo credit: Kindel Media on Pexels.

Creating a Practical Budget

Effective budgeting is the first and often most crucial step in gaining control of your finances. By methodically tracking every source of income and all expenses, from basics like rent and groceries to discretionary items such as dining out or subscriptions, you gain visibility into your spending patterns. Identifying exactly where your money goes helps you spot trends and areas for potential improvement, such as unnecessary subscriptions or luxury purchases that could be scaled back without meaningful sacrifice. Numerous tools and apps designed specifically for budgeting can simplify the process; many allow you to set spending limits, categorize expenses, and receive alerts when you are close to exceeding a preset threshold. This level of clarity is vital for creating and attaining both short- and long-term financial goals, ensuring each dollar serves a purpose. Sticking with a personal budget requires honesty and realistic expectations. It’s important to remember that overspending once in a while does not mean you have failed; instead, it’s an opportunity to revisit your plan and make necessary adjustments. Life circumstances, such as a new job, increased expenses, or shifting priorities, can affect your financial trajectory, so it’s essential to review and update your budget to reflect these changes regularly. This ongoing process ensures your financial strategy remains relevant and supportive of your overall well-being.

Building an Emergency Fund

Having an emergency fund isn’t just about financial comfort; it’s about building true resilience. Life is inherently uncertain, and having a dedicated fund for unexpected costs provides peace of mind and stability. Financial experts typically recommend saving between 3 and 6 months’ worth of living expenses, covering essentials like rent or mortgage, utilities, groceries, and transportation. Even if that amount seems out of reach, starting small is powerful: setting aside even $20 to $50 from each paycheck can quickly add up. What matters most is consistency, not perfection. Regular, even modest savings slowly build a reliable safety net. Life’s uncertainties, unexpected car breakdowns, medical emergencies, sudden job loss, or urgent home repairs can quickly derail your finances without a cushion in place. When emergencies strike, having quick access to savings ensures you don’t need to rely on high-interest credit cards, payday loans, or other costly alternatives to weather a crisis. An emergency fund allows you to face life’s challenges with greater flexibility and less stress, maintaining your financial independence even in turbulent times.

Automating Savings and Payments

Automation makes day-to-day financial management easier, more reliable, and far less stressful. By scheduling recurring transfers to your savings account or setting up automatic payments for your utility bills, rent, and credit cards, you significantly lower the risk of missing a due date and incurring costly late fees. Automated transfers make your savings grow almost effortlessly, as the money moves before you have the chance to spend it impulsively. This “out of sight, out of mind” approach often leads to higher savings rates and reduces financial anxiety by ensuring your essential obligations are always covered. For those working toward long-term goals, like saving for a house, dream vacation, or retirement, automation can provide discipline and security, ultimately making your financial responsibilities much more manageable.

Investing in Financial Literacy

Knowledge is one of the most powerful tools you can leverage to build lasting financial health. By attending workshops, enrolling in online courses, and exploring reputable online resources, you can continually expand your understanding of essential topics such as investment basics, debt management, credit scoring, and setting financial priorities. As you improve your financial literacy, you’re better equipped to avoid common mistakes, evaluate complex financial products, and recognize opportunities that fit your long-term plans. Empowering yourself with information not only enables you to make better choices, but it also builds confidence as you tackle big decisions like financing a home, consolidating student loans, or diversifying your investment portfolio. For comprehensive personal finance education, explore resources from organizations such as NerdWallet, which offer practical advice and real-world tools to guide your journey.

Utilizing Technology for Financial Management

Technology has profoundly transformed the way individuals and households manage their money, creating unprecedented opportunities for more intelligent, more convenient financial management. From mobile banking apps that let you monitor your accounts on the go to automated robo-advisors providing investment management based on sophisticated algorithms, digital innovations put advanced financial tools at your fingertips. For example, robo-advisors offer tailored investment strategies and ongoing portfolio optimization tailored to your risk tolerance and unique goals, all at a lower cost than traditional financial advisors. Tech-driven financial management has democratized access to personalized planning that was once out of reach for many people. A recent CNBC article reveals how significantly robo-advisors are changing the investment landscape, empowering a new generation of investors to participate confidently in the market.

Practicing Mindful Spending

Smart spending doesn’t mean constant deprivation or extreme frugality; it’s about making informed choices that genuinely add value to your life. When considering a purchase, ask yourself whether it fulfills a real need or just a fleeting want. Look for less expensive alternatives or take advantage of discounts and cashback opportunities where possible. Mindfulness while shopping, whether online or in-store, helps you avoid impulse buys, prevent buyer’s remorse, and ensure your money is directed towards things that truly matter. Small changes such as meal planning, cooking at home, or sharing streaming services can shave significant amounts off your monthly budget. Additionally, seeking out free or low-cost experiences, like community festivals, local art shows, nature hikes, or library programs, can drastically reduce your entertainment expenses while ensuring your social life and happiness don’t take a hit.

Photo credit: Angela Roma on Pexels.

Planning for Retirement

Retirement may seem like a distant milestone, especially when you’re busy managing today’s bills and obligations, but beginning to save early makes a remarkable difference. Even modest contributions to a workplace retirement account or Individual Retirement Account (IRA) take advantage of compounding interest, giving your investments more time to grow. Prioritize taking full advantage of employer-based retirement plans, especially when employer-matching contributions are available, as this is effectively free money added to your nest egg. Periodically reviewing your retirement strategy, evaluating your portfolio’s performance, adjusting allocations to match your evolving risk tolerance, and staying informed about new savings options or policy changes ensures that your plan remains robust and aligned with your needs at every stage of life.

Conclusion

Adopting smart financial habits today lays the groundwork for a secure tomorrow, regardless of where you are on your financial journey. Through thoughtful budgeting, disciplined saving, strategic automation, and a commitment to ongoing learning, you can navigate the challenges of daily life and simultaneously create opportunities for future growth. Use modern technology and trusted educational resources to your advantage, building a toolkit that helps you make proactive, beneficial decisions. Remember: each small, intentional step you take is not just about meeting today’s needs, but about investing in your long-term financial independence, freedom, and well-being.

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. 

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.

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.

7 Tips on How to Use a Credit Card Wisely.

Credit cards can be scary for some people. I have friends who have refused credit card offers not because they don't like the credit card per se, but because they're afraid of the debts they may incur, the high interest rates, and the time it will take for them to pay off their balance. 

As someone who has been using credit cards for almost two decades (I got my very first primary credit card when I was 22), I'd usually tell my friends and peers to not be afraid of credit cards and instead think of these microchip-embedded plastic rectangles as their ally, their weapon, and their best friend. That's how I usually think of my credit cards, and over the years I've reaped countless of benefits from being a credit card user - from discounts to cash rebates, to gift certificates, mileage rewards, and restaurant treats... but  the biggest benefit of all would have to be my multiple entry visa to South Korea. 

Of course, these benefits come with responsibilities because just as the saying goes, "With great power comes great responsibilities". And with that, here are some tips on how you can maximize your credit card without getting into debt:

Photo credit: Money Digest

Set a budget

Overspending with your credit card is an easy trap to fall into. We've seen this scenario many times over in movies and TV dramas - girl walks into a store and plans to buy just one item, leaves the store with several paper bags in tow and a maxed out credit card.

However, this can be avoided if you set a budget on how much (or how little) you can spend using your credit card. Having a realistic idea of the amount you can spend AND pay off will keep you from swiping nonchalantly and buying things that you don't actually need. 

Monitor your purchases

Once you've calculated the amount that you can afford, the next step is to keep track of your purchases. Make sure not to spend beyond the limit that you've set, and avoid using your credit card until you have paid off your balance. Not only will this kind of mindset keep you out of debt, it can also help you in building a good credit score.

Photo credit: Tara Winstead on Pexels.

Take note of your savings

When using your credit card, you must also be cognizant of your savings and bank account balances. Personally, I wouldn't want to make charges with my credit card if the cash that I have on hand or the funds that I have in my bank account won't be able to cover it when it's time to pay my bill. 

That being said, I make sure to check my bank account balance on a regular basis and set savings goals with the help of this Savings Calculator. Doing so helps me map out my finances better, allows me to make better financial decisions, and prevents me from spending beyond my means.

Be wary of the fees

Aside from the interest rates and the annual fee (which can actually be waived based on certain conditions), you should be aware of other credit card fees and how you can avoid them. For instance, you can avoid late fees if you pay ahead of time. Don't make cash advances to avoid cash advance fees. Most importantly, don't spend beyond your credit limit to avoid over-the-limit fees. 

Reap the rewards

Different credit cards have different benefits. Some credit cards offer cashbacks or rebates with dining transactions, while some have travel rewards. Other cards offer discounts at hotels, waived checked baggage fees, and even insurance for your high-end gadgets. Take note of the benefits that your credit cards have to offer and keep these in mind as you spend using your credit cards. 

Yue with his Nintendo Switch OLED, which I paid for with my credit card. 

Opt for installment

Credit cards can come in handy if you're planning to buy high-ticket items such as electronics and household appliances. Purchasing via a zero interest installment plan allows you to spread your payments, stretch your money, and manage your cash flow better.

Pay in full and on time

This is the golden rule when it comes to credit cards. While credit cards come with rewards and benefits, they also come with interest rates if you don't pay on time. 

Paying only the minimum amount incurs interest to your balance in each month until you have paid in full, and this could be more costly in the long run. To avoid late payment fees, interest charges, and those annoying reminder calls, make sure to pay the full amount on or before your due date.

There's nothing to be afraid of if you know how to use your credit card wisely. With proper understanding on how your credit card works, you'll gain convenience, a smooth cash flow, a solid credit score, and even save money in the long run. 

Pru Life UK teaches money lessons during pandemic.

During this emotionally and financially exhausting time, financially preparing for anything that may happen is of utmost importance. As we continue to live through the pandemic, everyone should learn the value of saving and investing to cover future uncertainties.

While it is better for Filipinos to have certain layers of protection not only for themselves but for their families as well, having the knowledge about what they are availing or investing is equally important.

Products that offer protection and investment rolled into one are a great start among Filipinos wanting to have security amid these challenging times. Among the many reasons why these products are sought after even by the ordinary Juans is the security and growth it provides financially.

Photo credit: Pixabay.

For people who want to invest but are concerned about having to deal with certain critical illnesses, products such as the PRUHealth Prime is perfect for them. It eases the financial burden of battling cancer with a 50% cash out upon diagnosis of pre-defined early stage cancer while giving its subscribers the ability to build a bigger health fund with its investment component.

The PRULink Elite Protector is also among the products that offer maximum life protection with payment terms that are flexible to suit your needs while letting wealth grow faster with a greater portion of premiums invested in chosen funds. On the other hand, the PRULink Assurance Account Plus is a great fit for people who want a bigger and more comprehensive protection package at a lesser cost, while allowing continuous payment with a portion of your premium investable in your chosen fund.

Filipinos who want life protection coverage and start investing at any time and can afford to pay once may want to avail the PRULink Investor Account Plus and PRUMillionaire.

Apart from having life protection and investment for ourselves and our loved ones, below are also some money lessons that we can learn during the pandemic:

Photo credit: Karolina Grabowska.

Track Your Expenses and Save

Budgeting is important. Start looking at your income and expenses. There are mobile apps that track spending and manage accounts, making this step much easier. While most people are staying at home because of lockdown and other restrictions, it is the best time to find small ways to save, such as canceling unnecessary subscriptions, refraining from buying fancy or unnecessary things, and making bigger shifts, such as moving in with family members to save money on rent and shared utilities.

Take Advantage of all the Financial Relief Programs

If you’re able to receive financial aid from the government or other institutions during the pandemic, it’s smart to take that opportunity. Use that money to spend on the most important things you need daily, like food. You can also set a portion of it for your electricity and housing rental because there are businesses who are giving their consumers payment extensions.

Photo credit: Anna Nekrashevich.

The Best Time to Invest is Now

Many surveys and studies show that the earlier you invest, the better. A little amount of money invested now will put more money in your pocket in the future. If you can stay disciplined, you will reach your goals. You can maximize this in the long run just by starting now and staying on track. If you need assistance, consider hiring a financial advisor and do research on which company you may invest in.

The pandemic has been a wake-up call for many people to be concerned not just about their financial security but also their health protection. Getting life protection and investment in one, can be one of the smartest things that a person can do during this time. Having health, life protection, and money growth means you can prepare for most of the hospital expenses and for anything that may happen in the future such as illness, retirement, or even death, while still growing your wealth as you achieve your life goals.

To learn more about Pru Life UK’s Insuravest products visit www.prulifeuk.com.ph.

Surviving the Pandemic with Cebuana Lhuillier Micro Savings.

The uncertainties that came with the global health pandemic led to financial stress that altered the lifestyle of many Filipinos. For close to two years since the global COVID-19 pandemic started, many lost their jobs and had to make do with what little savings they have stashed away.

A study titled, “State of Banking and Financial Wellness” commissioned by US-based research firm Forrester, indicated that more than half of Filipinos identified building their savings as one of their top concerns when it comes to personal finance.

The desire to have money safely stashed when rainy days come, is one that is shared by every Filipino—regardless of stature in life or the money they earn. When COVID-19 hit, majority of Filipinos were left without a stable means of livelihood as the strict lockdown badly affected the economy, leading to a significant number of business closures and an uncertain future for those engaged in the gig economy.

Photo credit: Olya Kobruseva on Pexels.

Stemming from its desire to push for financial inclusion for every Filipino, Cebuana Lhuillier Bank partnered with Cebuana Lhuillier, one of the country’s leading micro financial service providers, to introduce Cebuana Lhuillier Micro Savings in 2019. Cebuana Lhuillier Micro Savings provided Filipinos with an accessible and convenient means to save their hard-earned money by addressing the common barriers in saving, including lack of accessibility, the need for numerous documentary requirements, and the high cost of a starting and maintaining a balance.

“Our main priority is to be a one-stop shop for the micro financial needs of our kababayans. With our commitment of financial inclusion and mobility for everyone, Cebuana Lhuillier Micro Savings account is one of the great products we have created to empower many of our kababayans to save, regardless of their status in life,” Cebuana Lhuillier President and CEO Jean Henri Lhuillier said.

The promise of having money saved in times of need was what inspired Cebuana Lhuillier Micro Savings account holders Pillilia Pardo and Maria Luisa Luna to open a savings account and work hard to build a comfortable fund that they can rely on when needed.

Pillilia, a 79-year-old sari-sari store owner in Las Pinas, makes sure to deposit a fraction of her daily earnings into her micro savings account. With her store located right beside the Cebuana Lhuillier Casimiro branch, she has become a daily fixture for the branch personnel who assists her on her everyday transactions.

Pililia Pardo, a 79-year old sari-sari store owner from Las Pinas
and a loyal micro savings account holder, dreams of imparting
the value of savings to her children.

“Napakahalaga ng savings, kasi pag dumating ang pagkakataon na ikaw ay magigipit, kailangan mo ng pera. Kung mayroon kang ipon, anytime puwede ka makapag-withdraw,” shares the septuagenarian. When the pandemic hit, Pillilia used her micro savings account to augment her day-to-day expenses, which included medicines, food, utilities, and rent. When the lockdowns affected her store’s earnings, she was comforted by the fact that she did not have to resort to borrowing money in order to get by. “Hindi ka magsisisi kung nakapag-ipon ka…anytime nangailangan, nandiyan ang ipon ko. Mayroon akong magagamit,” she adds.

For Maria Luisa, it was her savings that literally saved her family in the midst of the strict Manila lockdowns. She earns her keep by collecting recyclables which she then sells in a junkyard. For over two years, even before the lockdown began, she would make sure that a portion of her earnings goes to her Cebuana Lhuillier micro savings account, which she intends to use during emergencies.

Maria Luisa Luna, a 64-year old garbage collector from Manila,
relied on her micro savings account when the pandemic badly hit her family.

“Hindi na kami makapangalakal nung naghigpit sa lockdown. Yung kinakain namin, halos galing na lang sa ayuda ng gobyerno pero hindi naman sapat yun. Nagkasakit pa ang anak ko. Hindi ko naman matiis na hindi maipagamot. Doon ko na naisip na gamitin yung ipon ko sa Cebuana Lhuillier Micro Savings. Tuwing may kailangan sa bahay, gaya nang pangkain at pang-renta, withdraw ako. Tapos pagpapagamot sa anak, withdraw ulit,” Maria Luisa shares. She admits that the protracted quarantine period had drained her savings, but now that everything is slowly going back to normal, she has also resumed building her emergency nest egg, visiting the Cebuana Lhuillier branch nearest her after a day of collecting recyclables and items to sell.

Since its launch, Cebuana Lhuillier Micro Savings has enabled more than 5.5M account holders to have a semblance of peace of mind in times of great need and emergencies. As a cash agent, Cebuana Lhuillier provided account holders with a reliable and highly accessible venue to deposit and withdraw their money in any of its 2,500 branches nationwide, anytime and anywhere.

In 2020, Cebuana Lhuillier Micro Savings was made even more accessible and convenient with the introduction of its new digital features.

“We’ve always believed that Cebuana Lhuillier Micro Savings should be able to evolve according to the changing needs of its users. By going digital, Cebuana Lhuillier Micro Savings is providing greater IPON POWER to its account holders, by providing them convenience and mobility in maximizing the use of their savings through digital channels,” Cebuana Lhuillier bank President, Dennis Valdes added.

May IPON POWER ka na with Cebuana Lhuillier Micro Savings!

Cebuana Lhuillier Micro Savings boasts of greater IPON POWER through the following features: withdraw cash in over 21,000+ BancNet ATMs nationwide anytime and anywhere; purchase online thru UnionPay merchants worldwide; 24/7 unlimited banking access with eCebuana app; and do cashless payments in over 350,000 UnionPay and BancNet accredited stores nationwide.

With more and more Filipinos slowly realizing the value of saving, Cebuana Lhuillier Micro Savings is gearing towards further improving its features to better provide its account holders with a dependable ally they can continuously rely on.

Budgeting During the Pandemic.

The COVID-19 pandemic has definitely made life difficult for everyone. Regardless of the socioeconomic status, this pandemic continues to sweep across the globe and cause damage in almost every aspect of our lives - physical first and foremost, as well as emotional, mental, and social, at times spiritual, and worst of all, financial. 

Aside from the health and wellbeing of millions of people, this disease has also threatened the livelihood of many - from entrepreneurs, to small and medium-sized enterprises, and even established companies and large scale industries. Many have lost their jobs, most businesses had to close temporarily, and some even had to totally cease operations or file for bankruptcy. 

During these trying times, how can we manage our money and take care of our finances? Here are some tips on budgeting during the pandemic.

Budgeting is very important, now more than ever.

Analyze Your Situation

There are three things to consider for you to be able to get a good grasp of your financial situation - your earnings, your expenses, and your savings. If you still have a steady income despite the pandemic, that's great. But if you or anyone from your household has been laid off or given a salary cut, then there's definitely a need to make adjustments to your budget.

You also need to check your savings as this can tide you over and help you with your expenses. Having a bit of money saved is good, but having saved more is better since we really have no idea as to when things will get back to normal. 

Prioritize Your Expenses

Before you check out that luxury brand lipstick or limited edition sneakers from your online shopping cart, think twice or thrice and ask yourself - "Do I really need this right now?" 

When it comes to spending, you need to prioritize the essentials first: food, utilities, housings costs, and insurance. These are your non-negotiable expenses - basic needs that you really need to spend money on month after month. 

Lee Sung Kyung in Weightlifting Fairy Kim Bok Joo (2017).

Then comes your variable expenses, or costs that can change over time. This includes your spending on gas, clothing, personal care products, travel and recreation, or even that Venti Flat White that you have to have every morning on your way to work - or so you think. Categorizing your expenses will help you determine which ones are the most important, and which ones you can do without. 

Spend Wisely

Work hard, be frugal, spend smart. 

Spending money wisely means getting the most out of your money's worth. You can do this by taking advantage of sale events, couponing (using vouchers to get discounts on products), and using cash back apps if you are purchasing online. With the cash back feature, you get back a percentage of the money you spend. Some credit cards also offer cash back programs, but be wary when using your credit card as there is a tendency to overspend when you're mindlessly swiping (or tapping) at the check-out counter. 

Jin swiping his rare Black Hyundai card.

Reduce Your Debt

Budgeting, saving money, and paying off your debts might seem impossible with the current financial situation. There is a way to work around this, only if you avoid adding more to your debts. Because of the pandemic, many companies are giving leeway to customers and helping them work around their bills by extending payment due dates and reducing interest fees. Some companies even have payment schemes to help their customers get by during these trying times. Get to know more about debt payoff here.

Without a doubt, the COVID-19 pandemic has plunged us into a whole new world of uncertainty. But with the right budget and a positive mindset, we will be able to get by. Always see the good in everything. And as the cliche goes, every cloud has a silver lining. 

Kahakot Hakot na Pamasko at Super8 Grocery Warehouse!

Just three more days 'til Christmas, and we're pretty much done preparing for the holidays - decors have been hung, presents have been wrapped, and the Noche Buena menu has been planned out. We're also done grocery shopping for our holiday feast!

Wanting to avoid the holiday rush, Yue and I already went shopping for food stuff over the weekend. It's a good thing we decided to visit Super8 Grocery Warehouse this time around. Not only were we able to purchase everything in this week's shopping list, we also got huge discounts on most of the items that we bought. Hooray for Super8's Kahakot Hakot na Pamasko Promo! :)

Hello from Super8 Grocery Warehouse San Pablo! :)

This selection of Noche Buena food items, for instance, has the lowest prices in the market, guaranteed! Look - where else can you get a complete spaghetti package (yes, corned beef included) for just Php 99?

Spaghetti Package, Php 99.

Or a macaroni salad and graham cake package for Php 349? This pre-packed bundle comes in a reusable plastic box and includes the following: Super8 Elbow Macaroni, Best Food Mayo Magic, Del Monte Pineapple Tidbits, La Pacita Graham Crackers, Angel Condensada, CDO Nata de Coco White, Mega Prime Fruit Cocktail, and Super8 Great Buy All-Purpose Dressing. 

Macaroni Salad Package at Php 249,
Macaroni Salad and Graham Cake Package at Php 349.

If you're feeling fancy, they also have these Christmas baskets with gourmet snacks, chocolates, and wine, even.

Snack Basket, Php 499.

Snack Basket, Php 549.

Wine Basket, Php 799.

Thinking of giving ham as Christmas giveaways? Super8 has you covered! They have the Great Buy Pear-Shaped Ham (800 grams) at just Php 208 each. And for every 10 hams you buy, you get one free!

Pear-shaped Ham at Php 208.
Buy 10, get 1 free!

How about some ball cheese to complete your Christmas feast? At Php 195 each, Super8's Great Buy Queso de Bola has the lowest price guaranteed!

Super8 Great Buy Queso de Bola, Php 195.

Super8's huge discounts are not limited to just Christmas food items. Regular grocery items are discounted, too! And with your Super8 Rewards Card, you even get 20 Bonus Points with every Php 200 single-receipt purchase of participating Nestle items.

Someone's having fun shopping.

Scouting for deals at the Super Sulit Points section.

For even more bonus points, head over to the Super Sulit Points section where you can get 25 Rewards Points for every Php 500 single-receipt purchase of participating items. Great deal if you're buying items in bulk!

Done with our Christmas shopping!

Thank you, Super8 Grocery Warehouse San Pablo!

Thank you to Sir John, Sir Larry, and the staff of Super8 Grocery Warehouse San Pablo! :)

If you're still not done with your Christmas shopping, I suggest you drop by a Super8 Grocery Warehouse near you so you can enjoy the same perks and privileges that we did. Don't forget to sign-up for the Super8 Rewards Card! It's your ticket to deep discounts and rewards points! :)

The Super8 Rewards Card - your ticket to deep discounts and big bonus points. :)

Budget-Friendly Dinner Ideas to Keep Your Family Healthy.

A new fall routine can wreak havoc on your family life, not to mention your finances. When you’re juggling school schedules, after-school activities, a heavier post-summer workload or all of the above, it can be easy to fall into less-than-ideal routines. Frequent fast-food pickups are hard on your wallet, and becoming a regular at your favorite takeout restaurant can do a number on your healthy lifestyle.

Before you get stuck in a new rut, try these budget-friendly dinner ideas to keep your family healthy and your bank account happy.

Ryan Gold (Kim Jae Wook) is love!
Her Private Life, 2019.

Discover the Instant Pot
Your friends won’t stop raving about it for a reason: this new-on-the-scene kitchen gadget is a one-stop shop for easy, fast meals. Like a slow-cooker, you can simply pour in ingredients, turn it on, and forget about it: but unlike a crock pot, you don’t have to remember to prep meals 8 hours in advance. An Instant Pot gets its name for a reason: it cuts the cook time of a traditional slow-cooker nearly in half. You can use it to cook a wide variety of foods, from potatoes to meat to rice and more. Dinner ready in under an hour? Sounds like a plan.

Browse for Coupons
You probably get the weekly grocery circulars delivered in your mailbox every week, but how often do you actually look at them? If you spend a little time, you can scout out the best deals for the coming week on your family’s favorite snacks and dinner foods, and you’ll save yourself some money in the process! Best of all, you can even find coupons online to save even more.

So Ji Sub and Jung In Sun in Terius Behind Me, 2018.

Buy Family-Sized
It’s an age-old adage, but buying in bulk can save you big bucks down the line. Whether you choose to shop in the family-sized section at your usual grocery store or invest in a big-box store membership, you can find bulk dinner ingredients at much lower prices than individual servings. While a Costco or Sam’s Club membership might seem like a pricey investment at first, with only a few uses, your membership will end up paying for itself in no time. Budget-friendly meals to the rescue!

Order Groceries Online
If wandering grocery aisles is a daunting task, check to see if your local grocery store offers online ordering. You’ll save time by ordering from the comfort of your home, and all you’ll have to do is pick up your order at your assigned time. If you want to skip the store entirely, you can even see if your local store offers grocery delivery, and you can have your weekly dinner ingredients brought directly to your front door.

Chae Soo Bin and Go Kyung Pyo in Strongest Delivery Man, 2017.

Try Out a Meal-Delivery Service
Don’t feel like you have time for grocery shopping, much less meal prep? Meal-delivery services are here to save your family dinners. You have a host of brands to choose from, including Blue Apron, Hello Fresh, GreenChef, Farmbox Direct and so many more. Each has options to suit your family’s lifestyle, no matter your preferences or dietary restrictions. You’ll receive prepped ingredients in a box, ready for quick, healthy cooking. Plus, it’s easy to find discounts to try out the services until you find one that fits your family!

Plan Ahead
When life gets busy, dinner can seem like a daunting task, but if you spend the time to plan ahead, you can keep your meals healthy and on budget even in the busiest of weeks. Don’t be afraid to change up your routine to find something that works for your family’s schedule—meal delivery one week, online grocery ordering the next. If you set aside a few minutes on the weekend to plan your meals for the coming week, dinners won’t seem so stressful after all.

Super8 Funfest 2018 | Sale, Shop, and Save!

Sale, shop, save - these are my most favorite four-letter words, and I absolutely love it when I get to enjoy these three, all at the same time.

This penchant for discount shopping led me towards Super8, a chain of  grocery stores with a wide selection of goods at bargain prices. I heard they're having a huge sale event coming up this week, so Yue and I paid a visit to the Super8 branch here in San Pablo City to know more about it, and do our weekly grocery shopping as well.

Yue checking out the goods featured in Super8's bi-monthly catalog.

We were courteously welcomed by the Customer Service staff, who then introduced us to John Michael, the Branch Manager for Super8 San Pablo City. John was more than eager to tell me about the Super8 Funfest; apparently, it's a three-day event which has been held annually since 2012. It's like a celebration of sorts with celebrity guests and production numbers, raffle draws with huge prizes at stake, and exclusive deals and deep discounts on participating brands and items. It's sale, shop, and save all together, and any penny pinchin' mom's dream (shopping) event come true!

With John Michael, the cheerful and good-natured Branch Manager of Super8 San Pablo City.

According to John, the Super8 Funfest is open to all, with no entrance fees whatsoever required. However, you get an advantage if you own a Super8 Rewards Card because the first two days of the event will be exclusive to Rewards Card members.

The Super8 Rewards Card - your ticket to great deals and shopping points!

With the Super8 Rewards Card, you get to earn points with every purchase which can then be used as cash at Super8 stores. For every Php 200 spent, you earn 1 point which is equivalent to Php 1. At the Super8 Funfest, you get to rack up more points when you spend more - a single receipt purchase worth Php 3000 entitles you to 50 rewards points (aka Php 50).

More Rewards Points + Special Funfest Deals.

Signing up for your a Super8 Rewards Card is easy. All you have to do is fill-out the membership form and pay the Php 100 membership fee, and you get your Rewards Card right then and there. I signed up for the Super8 Rewards, of course, and as soon as I got my card, John gave us a tour of the store and showed us which items are on sale and which items will earn us more points.

Shopping for his favorites!

Yue was thrilled to see that all of his favorite snacks and food items are available at Super8, and they're all tagged at cheaper prices, too! We discovered even more amazing deals as we made our way through the supermarket - like the Super Sulit Points section, which allows you to earn 25 rewards points for every Php 500 single-receipt purchase of participating items.

Super Sulit Points.

There's also the Try Me section, where new products are priced 5% lower than the standard retail price. The Dove Baby Hair to Toe Rich Moisture Body Wash, for instance, is currently priced at Php 248.70. That's Php 13.10 savings, compared to buying it at beauty counters or department stores.

5% off on new products!

That includes snacks and other food products!

They also have 'Plus One' promos, where you get free products when you buy in bulk. Like this 'Buy 11 Get 1 Free' promo on detergents and other home care items. If you're a wholesaler or reseller, promos like these will definitely help you save more and allow you to earn bigger profits.

Save more when you buy more!

More items on sale!

Aside from big savings, Super8 also gives their loyal customers a chance to win prizes in their Super Hakot Promo and Scratch & Win Promo, exclusive to Super8 mobile app users. You get a promo code or an e-raffle entry when you purchase Php 300 of participating items in a single transaction. Some of the items included in this promo are Oreo cookies, Nestle Koko Krunch cereals, Magnolia milk products, and La Pacita Graham Crackers.

Yue's favorite cereal. :)

You'll get to enjoy more of these awesome deals and astonishing discounts when you head over to the Super8 Funfest happening from April 26 (Thursday) until April 28 (Saturday). The event will be held at the World Trade Center in Pasay City, from 9 am 'til 7 pm. As I have mentioned earlier, the first two days of the Super8 Funfest will be exclusive to Rewards Card holders, while the last day will be open to everyone, including non-members.

Super Bidang Buhay at the Super8 Funfest 2018!

Here are some of the celebrities who will be in attendance:

Is your favorite celebrity on the list? :)

And the fabulous prizes at stake:

Could you be the lucky winner of a brand new car? :)

To know more about the Super8 Funfest plus details on how to get to venue, read their FAQ here. Oh, and don't forget to 'like' the Super8 Facebook page to stay updated on promos, discounts, and event announcements!

Many thanks to John, Larry, and the Super8 San Pablo City staff for the warm welcome! Yue says he loved the VIP treatment! :)