Compare Pre-Need, Pag-ibig MP2, SSS Flexi-Fund

September 27, 2013 · Filed Under handling money, investment, Pag-ibig, Pre-need, SSS · 5 Comments 

With the collapse of many pre-need companies in the Philippines, parents are looking for other ways to prepare for their children’s college education.

Saan na tayo magse-save o mag-invest? Hindi pa naman tayo bihasa sa mutual funds or stocks.
Meron din namang mga reliable pre-need or insurance companies dito sa atin. Mag-research lang ng mga matatagal nang nag-o-operate here or abroad.

Puedeng mag-invest sa Pag-ibig MP2 or sa SSS Flexi-Fund.  Ang Pag-ibig MP2 ay para sa lahat na Pag-ibig members samantalang ang SSS Flexi-Fund ay para lang sa mga OFWs na nagbabayad ng maximum monthly contribution.

Ito ay isang comparison ng estimates ng makukuha after paying 1,500 pesos monthly for 5 years.

12th Year    Get 20,000
11th Year Get 20,000
10th Year Get 20,000
 9th Year Get 20,000
 8th Year Get 20,000
 7th Year Get   5,000
 6th Year Get   5,000 Get 104,500 Get 104,900
 5th Year Pay 1,500 Pay 1,500 Pay 1,500
 4th Year Monthly for Monthly for Monthly for
 3rd Year 5 years 5 years 5 years
 2nd Year = Total is = Total is = Total is
 1st Year  90,000  90,000  90,000
Has Credit No Credit No Credit
 Insurance  Insurance  Insurance
No Government       With Government       With Government
 Guarantee  Guarantee  Guarantee

. Credit Insurance means the pre-need firm will pay the 1,500 monthly premiums if the payor dies within the paying period
. Some pre-need plans do not give 5,000 on the 6th and 7th year. Instead they give 20,000 on the 13th year.
. The pre-need plan above may not represent all pre-need plans.
Related Article:
More Info on SSS Flexi-Fund and Pag-ibig MP2

Sample Time Deposit in a Savings Bank

July 20, 2013 · Filed Under Banks, handling money, investment · 2 Comments 


Question from one of our Young Readers:

Puede po bang turuan nio ako about time deposit, kasi first time ko pa lang sa mga bagay na ganito.  Sana po magbigay kayo ng examples galing sa sarili ninyong time deposits.


OFW Makes Wise Real Estate Investments in Muntinlupa

July 14, 2013 · Filed Under investment, OFW, real estate · 2 Comments 


One of my neighbors who is an OFW has been making wise real estate investments here in our subdivision in Muntinlupa.  He buys abandoned and foreclosed homes here, repairs them, and then rent them out to good tenants.




SSS Flexi-Fund vs. Pag-ibig MP2 — Which Is a Better Investment?

February 24, 2013 · Filed Under investment, OFW, Pag-ibig · 87 Comments 

Both these SSS Flexi-Fund and Modified Pag-ibig 2 (MP2) are savings programs offered by government agencies.

Both offer interest rates higher than those offered by banks for savings accounts and time deposits.

Both programs are guaranteed by the Philippine government.

Both are tax-free. Total savings plus their dividend or interest earnings are tax-free.

Here are the differences between the 2 programs:


Good Changes in SSS Salary Loan Program

December 6, 2012 · Filed Under loans, SSS · 242 Comments 

We’re glad that the SSS has improved its salary loan program.  In January 2011, I wrote on this blog that SSS salary loans are not really low-cost, compared to some bank loans, such as the Credit-to-Cash of BPI Express Credit and the Easy Pay of BDO Credit Cards.

Now,  finally,  SSS has listened to members’ concerns,  and these are the changes:


Saving Money with Modified Pag-ibig II — Higher Earnings, Government-Guaranteed

December 3, 2011 · Filed Under handling money, investment, Pag-ibig · 70 Comments 

Updated January 11, 2013
Puede mo nang iwidro ang total Pag-ibig 2 savings mo earlier than your maturity date.

You want to save and grow your money? Modified Pag-ibig II (MP2) is a great savings plan. It has advantages over regular savings accounts, time deposits, or pre-need plans.



Send Money from Japan to Philippines

March 18, 2014 · Filed Under Banks, BDO, Metrobank, OFW, Remittance · Comment 

You can send money from Japan to the Philippines through the following Philippine banks in Japan and remittance partners in Japan.

If you like, you can also open Japan-based yen accounts and Philippine-based peso accounts at the Japan-based branches of these 2 Philippine banks:

1.   Philippine National Bank

2.   Metrobank



PNB Tokyo Branch 
1st Floor Mita43MT Building
3-13-16 Mita Minato-ku, Tokyo
108-0073 Japan

Phone:  (813) 6858-5910

PNB Nagoya Sub-Branch 
7th Floor Nishiki 324 Building,
3-24-24 Nishiki, Naka-Ku
Nagoya-shi, Aichi-ken

Phone: (8152) 968-1800



Metrobank Tokyo Branch
Kandabashi Park Building
1-19-1 Kanda Nishiki-Cho
Chiyoda-Ku, Tokyo 101-0054 Japan

Phone.: 81 (3) 5281-7281 / 81 (3) 5281-7210

Business Days/Hours:
Mon to Fri: 9am to 3pm
First & Last Sundays of the month:
10 am to 3 pm

Metrobank Osaka Sub-branch
1st Floor, Honmachi Central Bldg
4-2-5, Honmachi, Chuo-ku
Osaka, 541-0053 Japan

Phone: 81 (6) 6252-1333

Business Days/Hours:
Mon to Fri: 9 am to 3 pm
First and last Sundays of the month:
10 am to 3 pm

Metro Remittance Japan Co.
Rong Shing Ryus Tower 1st Floor
87-3 Yamashitacho,
Naka-ku, Yokohama-shi,
Kanagawa-ken 231 – 0023 Japan
Phone: 81 ( 45) 680-1650



Banco do Brasil
New Kokusai Bldg.
3-4-1 Marunochi Chiyoda-Ku

Forex Interweb Co.
4-2-12 Akasaka Minato-ku
Tokyo 107-0052

Speed Money Transfer Japan Kabushikil Kaisha
7th Floor, Sundisk Kanda Bldg.
4-9 Kanda Iwamoto-cho
Chiyoda-ku, Tokyo 101-0033

Speed Money Transfer Japan Kabushikil Kaisha
Koasa Bldg., 7th Floor
4-2-10 Sakae
Naka-ku, Nagoya-shi
Aichi-ken 460-0008

Speed Money Transfer Japan Kabushikil Kaisha
502 Imperial Roppongi 2 go-kan
5-16-52 Roppongi
Minato-ku, Tokyo 106-0032

Speed Money Transfer Japan Kabushikil Kaisha
Room 401, 4th Floor
East Biru Kinshicho II, 2-4-12 Kinshi
Sumida-ku, Tokyo 130-0013



SMTJ Tokyo
Speed Money Transfer Japan K.K.
Yurakucho M-Square Building
2nd Floor, Yurakucho 1-2-12
Chi-yoda-ku Tokyo 100-0006
Phone: 03-62688010

SMTJ Nagoya Office
Speed Money Transfer Japan K.K.
Koasa Building 9f, 4-2-10 Sakae Naka-ku
Nagoya-shi Aichi-ken 460-0008
Phone: 052-2659797

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