Category Archives: Money matters

What can you buy with just a peso in 1963?

I found this picture circulating on Facebook and people are amazed at how cheap the food were in those times and how their peso would go a long way. Sobrang mura talaga ng mga bilihin noon. Can you relate to this?

image not mine

Tips on Savings and Personal Finance

Repost from my Go Negosyo Newsletter subscription, January 18, 2017

Top 5 tips from entrepreneur Armand Bengco to make that money go-round for a prosperous year!

1) Have a bank account aside from your payroll account

Bengco emphasizes that importance of being present and active in the financial world. Having an account outside your payroll account allows you to build a relationship with your bank. Also, you can assign one account to be reserved for savings and the other for expenses.

2) After a savings account, get a checking account

Bengco recommends getting a checking account because a check is not only in your name, but the bank’s. The bank itself lets you borrow money in their name – this gives you credibility and an even better foothold in the financial world.

3) Savings, savings, savings

Set a percentage of your income that you need to save and stick to it. It doesn’t have to be a big percentage – you can even start with 10%. Savings should be the last thing you touch, so make sure when you’re planning on how much of your income will go to your savings, you’ve already properly allocated your funds to cover all your expenditures.

4) Start investing your money on other things

Bengco shares his personal venture into male vanity in the form of Backalley Barbershop – a way for him to diversify his income. Savings are important but investing allows you to grow and protect your money. Imagine if you only had one source of financial security, like your savings or business. Having a diverse source of income won’t leave you bankrupt at the end of crisis.

5) Insurance is necessary

Insurance today already covers life/living benefits. Before, insurance only had death benefits. But insurance has developed and improved today and among the benefits are paying off debts, unforeseen expenses, and securing your dependents’ futures.

Armand Bengco is the Co-Founder and Executive Director of the Colayco Foundation for Education, Inc., as well as the Co-Founder and General Manager of Kapatiran sa Kasaganaan Service and Multi-Purpose (KSK-SMP) Cooperative. He hails from a family of established financial and investment practitioners. He has a wide experience in personal finance, government, manufacturing, self-employment, and information technology. Mr. Bengco is the host of Global News Network’s Pisobilities at the Business Portal and DZRH-TV’s Pera Pera Lang Yan and Seminar School Plus. A regular also in GMA News TV’s Pisobilities TV Program and radio host in DZXL-RMN’s Pisobilities. He regularly conducts financial seminars and workshops in line with the foundation’s advocacy.

Simple Tips in Securing Student Loan

Image credit: bluebay at

Image credit: bluebay at

There are different things that you may be thinking about right now. Aside from the reverse mortgage of your grandparents, you also have to keep track of how you can secure your student loan. You need the most up to date details about the student loans that you can get as well as the other lenders. You may be one of the many students who cannot attend challenge without a student loan. Some tips you have to remember are the following:

  • Get to know your country’s current economic status because it can affect the loan you can get.
  • You have to improve your credit score before you apply so that your chances of getting approved will be greater.
  • Be informed about the interest rates as well as the amount that you have to pay for every month so that you can prepare yourself ahead of time.

These tips will help you secure your student loan with ease. Do not settle for the first loan and lender that you see. It will help to search and look around.