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 for Employed Members and Employers 2023
Invest in your future today with the Retail Treasury Bond (RTB 29) and secure your financial security. As low as P5,000 for minimum investment andyou can earn a whopping 6.125% gross (4.90% net) per annum, with quarterly interest payments for the 5.5-year term.
What is Retail Treasury Bonds RTB29?
RTBs are medium- to long-term debt instruments issued by the Republic of the Philippines (“ROP”) through the Bureau of the Treasury (“BTr”). The Treasury Bonds are part of the government’s savings mobilization program, which aims to make government securities available to retail investors; therefore, the name Retail Treasury Bonds. RTBs are fixed-income securities that pay a predetermined annual interest rate with the guarantee of returning the principal at the end of the term.
Don’t wait too long, this offer is only available until February 17, 2023, or until the Bureau of Treasury decides otherwise.
To invest in Retail Treasury Bonds RTB29 :
Download BONDS.PH app from Google Play Store or the App Store
Create an account and confirm it
After confirming, click “Cash In” and pick your desired payment method.
Confirm the amount you want to cash in
After everything is complete, click “Buy,” choose the bond you wish to buy, and finish the transaction.
So what are you waiting for? Secure your financial future and make your money work for you with Retail Treasury Bond (RTB 29).
Are you tired of constantly worrying about cracks and scratches on your beloved smartphone? Do you dread the thought of having to shell out big bucks to repair or replace it?
Well, fear no more! With the GCash GInsure feature, you can purchase phone insurance from Igloo. You can finally say goodbye to those worries and hello to peace of mind.
We know that your phone is more than just a device to you – it’s a lifeline to your social world, your work, and your entertainment.
Let’s get started and let us show you how to buy phone insurance in the Philippines with GCash.
Open the GCash app on your mobile device.
Tap on the “GInsure” icon on the home screen.
3. Select the “Lifestyle” option.
4. Select “360 Phone Protection” and it will show you the benefits and coverage
5. Answer the questions about your device
6. Choose a coverage level of your policy from “Monthly to Yearly” option.
Monthly
Yearly
6. Review the coverage details and select the plan that you want to purchase.
7. Pay for the insurance using your GCash balance.
8. You will receive a confirmation of your purchase and activate your insurance in the GCash app.
9. Fill in the necessary information about your “Name, Mobile Number, Email,Phone brand and model.“
10. Be sure to register your phone with GCash within 7 days of purchase to activate the insurance coverage.
If you have any questions or concerns about the insurance, it’s best to check the GCash FAQ, website or contact their customer support for more information.
So what are you waiting for? Whether you’re a busy millennial or a tech-savvy Gen Z-er, GCash has got you covered. Protect your phone and keep connected to the things that matter most to you, no matter what life throws your way.
Did you know increasing your money while preserving your time is possible with passive income?
Here are five potential sources of passive income to think about in the Philippines, among the many other choices available:
Real estate investing. Real estate is one of the most well-liked methods of generating passive income in the Philippines. This might involve investing in a real estate development project or purchasing and renting out homes. Finding properties in desirable neighborhoods with the potential for high rental yields or long-term value growth is crucial.
Investment in the stock market: Stock market investing is another well-liked method of generating passive income in the Philippines. This might involve purchasing certain stocks or mutual funds. Do your homework and invest in businesses that have a proven history of development and success.
Investing in a business: An excellent way to get passive income in the Philippines is by investing in a business. You have the option of investing in a startup, buying a franchise, or starting your own business employing management to operate it. Finding an organization with a sound strategy, a capable management team, and a booming market is crucial.
Pagibig MP2: A voluntary savings program is open to all PAG-IBIG Fund members, and with a minimum monthly contribution of Php 500, you can choose to invest any amount of your choosing. Eventually, the earnings from the investments made by the PAG-IBIG Fund and your contributions will mount up. You are eligible to withdraw your cash after participating consistently for at least five years.
Online income streams: Online revenue sources are one of the most adaptable ways to generate passive income. This might include launching a blog, affiliate marketing, designing and delivering online courses, or monetizing a YouTube channel. The goal is to choose an area of expertise and generate great content with the potential to attract a large audience.
In the Philippines, there are various ways to earn passive income. The trick is to choose a strategy that corresponds to your interests, abilities, and financial objectives. It’s also important to remember that every type of investment has risks, do your due diligence and research before investing.
Financial literacy is the capacity to comprehend and efficiently handle money.
It covers a wide range of financial principles, including budgeting, saving, investing, and debt management. Sadly, financial literacy remains a serious issue in the Philippines.
Many Filipinos lack the information and skills necessary to make sound financial decisions, resulting in financial instability and vulnerabilities. This limits their capacity to learn about financial goods and services which makes it harder for them to save, invest, or acquire credit.
The lack of financial education in the Philippines could be for the following reasons:
There isn’t yet a comprehensive financial education program or a required subject in the school curriculum today.
Poverty and low-income levels, for example, make it harder for people to prioritize and buy financial goods and services. The recurrence of investment misrepresentation and fraud happens often victimizing vulnerable groups in favor to get-rich-quick schemes despite the government efforts and advisories.
The media and marketing messages that favor quick pleasure and consumption above saving and investing.
The low level of financial literacy is also influenced by cultural factors from family, and friends, and frequently turn to them for financial guidance. However, they themselves are not equipped enough to give sound financial advice and this could result in a loss of independence in financial decision-making as well as a lack of confidence in financial institutions.
The role of informal financial systems, such as pawnshops and loan sharks online that you can get cash in just few taps, that do not promote financial literacy or responsible financial behavior.
People’s inclination to rely on financial goods and services they may not completely comprehend, which might lead to financial troubles later on. A lack of awareness of the risks and rewards of various financial goods and services.
The best thing we can do to improve our financial literacy as individuals is to take matters into our own hands by doing research, learning, and understanding the basics of money.
We’re starting a series on everything related to finance that would be simple to understand, get started with, and most importantly, to promote financial literacy. It can help you be equipped to make wise financial decisions, knowledge of various sorts of investments, and create a more secure financial future.
