PhilHealth (Philippine Health Insurance Organization) is a government-owned and managed corporation tasked with making healthcare reasonable and accessible to all Filipino residents.
For the year 2023, the PhilHealth premium contribution rate shall remain at 4%. Pursuant to a memorandum issued by the Office of the President, the implementation of the new premium contribution rates and income ceiling for PhilHealth has been temporarily suspended as the Philippine population continues to face economic hardships resultant of the COVID-19 pandemic.
Here’s the Philhealth Contribution Table for 2023:
As a young adult in the Philippines, you must have a valid government-issued identity document. Having one grants you access to a variety of services and activities, from processing documents, applying for a job, opening a bank account, getting a loan, and even voting. We will provide you a list of the most generally recognized IDs in the Philippines as primary and secondary.
Here is a list of valid identification documents in the Philippines:
Primary IDs
ID Type
Validity
Government Agency
Philippine Passport
10 years
DFA (Department of Foreign Affairs)
UMID (Unified Multi-Purpose ID)
Lifetime
Single ID Card of all SSS, GSIS, Philhealth and PAG-IBIG Members
SSS Card
Lifetime
SSS (Social Security System)
GSIS Card
Lifetime
GSIS (Government Service Insurance System)
PRC ID
3 years
PRC (Professional Regulation Commission)
Driver’s License
Student Permit for 1 year Non-Professional for 3 years Professional for 5 years or 10 years
LTO (Land Transportation Office)
National ID
Lifetime
PSA (Philippine Statistics Authority)
Voter’s ID
Lifetime
COMELEC (Commission on Election)
Senior Citizen ID
Lifetime
Office for Senior Citizens Affairs
Secondary IDs
ID Type
Validity
Government Agency
NBI Clearance
1 year
NBI (National Bureau of Investigation)
Police Clearance
6 months
PNP (Philippine National Police)
Barangay Certification
6 months
Barangay Hall
Community Tax Certificate (Cedula)
1 year
Barangay Hall
TIN ID
Lifetime
BIR (Tax Identification Number ID)
PhilHealth ID
Lifetime
Philhealth
Voter’s ID
Lifetime
COMELEC
Postal ID
3 years
PHLPost (Philippine Postal Corporation)
Solo Parent ID
Lifetime
DSWD (Department of Social Welfare and Development)
PWD ID Card
5 years
PDAO (Persons with Disability Office)
Seaman’s Book
10 years
MARINA (Maritime Industry Authority)
Seafarer’s ID
5 years
MARINA (Maritime Industry Authority)
OFW ID
Lifetime
POEA (Philippine Overseas Employment Association)
OWWA ID
2 years
OWWA (Overseas Workers Welfare Administration)
Student ID
Depends
Schools
Company ID
Depends
Private companies
Whether you’re looking for a convenient all-in-one ID or a more specialized one for a specific purpose, there’s a valid ID out there for everyone. Select the one that best meets your need and be ready to take the first step towards it. Take your time conducting research, gathering essential paperwork, and making the application process as stress-free as possible.
The Pag-IBIG Fund, commonly known as the Home Development Mutual Fund (HDMF), is a government-run savings program aimed at providing Filipinos with affordable homes and loans.
Here’s the new Pag-ibig Contribution Table for 2023:
Shopback Philippines is a cashback service that allows customers to earn money when they buy from partner stores via the Shopback website or mobile app.
Shopback collaborates with a wide range of companies, including Shopee, Lazada, Foodpanda, Agoda, Zalora, SHEIN, Watsons, and many more. Customers may save money by receiving rewards on their purchases that can then be withdrawn as cash or you can use to make future purchases.
Simply follow these steps to shop and earn money with Shopback:
Create a Shopback account by visiting their website or downloading their mobile app.
Search through numerous merchants and select the one from whom you want to make a purchase and the cashback percentage will be shown.
Click the “Shop Now” button and it will redirect you to the store’s website or app, where you can complete with your usual transaction.
A portion of your purchase value will be credited to your Shopback account as cashback, and after confirmation by the merchant, it will be available for withdrawal.
You can withdraw your earnings to your chosen bank account or e-wallet transfer for a minimum of P200.
Your lifestyle improves as your salary rises; do you believe it is still insufficient? This is referred to as lifestyle inflation.
When our income rises, we often experience lifestyle inflation. We tend to spend more money on luxury things and services without even noticing it as our salaries rise. This can boost our living expenses while decreasing our savings.
When our pay raises, it’s simple to overspend on things we don’t truly need. We might start upgrading our cars, buying more costly clothes, and eating out more frequently. We may also begin to indulge in more expensive pastimes, such as golfing or traveling. All of these items can quickly mount up, and before we know it, our spending have surpassed our income.
We constantly compare ourselves to other people, which is one of the main causes of lifestyle inflation. It may be simple to feel as though we need to keep up with our friends and coworkers when we see them eating in fancy restaurants, posting their budols online, traveling frequently, and buying expensive vehicles, and latest gadgets. This may make us feel inadequate and convince ourselves that we must spend more money in order to fit in.
What therefore can we do to prevent lifestyle inflation?
The secret is to be aware of our spending patterns and to establish precise financial objectives.
It’s critical to keep track of our spending and make a budget that supports our objectives.
We must also be aware of and distinguish between our needs and desires.
Realistically, we should budget for unforeseen costs.
Setting a saving goal and working to save a particular portion of our income each month is another method to maintain our discipline and commitment to our long-term financial objectives.
Well, lifestyle inflation can be a real problem when our salary gets higher. It’s important to be mindful of our spending habits, set clear financial goals, and strive to save a certain percentage of our salary each month to avoid it. By taking these steps, we can ensure that our income increases don’t lead to a decrease in our savings and a higher cost of living.