Question: I have been working for the past five years and have been saving money in the bank. I now want to move some of my savings to other investments. They say investing in the stock market is good, and that this is a good time to buy. --Bernadette
First of all, there are two types of life insurance – whole life insurance and term life insurance. Life insurance plays an important role in any individual's financial planning process for it is life insurance that helps secure the financial future of the nominees.
The current volatility stems from fears of a full-blown US recession. Specifically, there are beginning signs that economic weakness may be spreading to consumption spending and consumer credit.
Her four-month old gold ring looked elegant, but Flor Guzman noticed that it faded quickly compared to a ring she has kept for a decade. The first came from Binondo, a gift given by her young kids, while she bought the other one in Makati.
Question: My dad has recently been diagnosed with cancer. He has been working for a long time in sales but my mom is a housewife. As I am my parents’ only child, I found myself taking charge while they handle my father's illness. - Andrew I.
Be on the alert for mid-year, year-end, and anniversary sales of malls, stores and outlets. But don’t just buy any item if you really don’t need them! Opt for baby things that you’re sure to need and use eventually such as a bigger pair of shoes, larger clothing and bigger diapers sizes.
Question: I am an OFW based in Italy. I have been working here for 10 years now and I have been regularly sending money to my parents back in Manila to help them with their daily expenses. But I have also been saving for my future, keeping it in money market accounts. -- Rommel
Strapped for cash? Banks offer various products for those who need cash – personal, home, business, or auto loans. There are also salary loans from the Government Service Insurance System and the Social Security System.
