If your daughter is under 21 years old, unmarried and unemployed, she is qualified as your Philhealth dependent. Your Philhealth membership can help cover her medical needs. She does not need to register for Philhealth membership. But if she is pregnant, unmarried, and the father of her baby is not a Philhealth member, […]
Where can parents save for their children’s college education? Many pre-need firms in the Philippines have collapsed. Where can we save and invest? So we will have money for our kids’ college tuition? There are investments like stocks, mutual funds and bonds, but we must learn about how they work first. If you want to […]
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.
Updated June 2, 2014: Both 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. Both […]
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 […]
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.
Question from Emy: If I pay 770 pesos every month to SSS, how much will be my SSS pension when I turn 60? I’m 24 years old, and I have just started paying my contributions. Answer: Over the 36 years that will pass before you turn 60 years old, we can expect that there […]