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Ready to start building your credit? A Tonik Credit Builder Loan might be just wh...
Quick take: How much are time deposit interest rates in the Philippines?&nb...
Quick Take: What’s the best retirement plan in the Philippines?There are a numbe...
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When the going gets tough, many Filipinos look to other sources of income or even start their own businesses to get by and foot their bills. It’s a great plan, considering the actual salary that most of the working population get is just enough to tide them through the barest of necessities each month. Nonetheless, did you know that there still are quite a few helpful benefits extended to salaried or employed Filipinos?
We know how stressful it can get for employed Filipinos especially when unforeseen incidents happen. For such trying times like emergencies, you can…
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Quick take: How much are time deposit interest rates in the Philippines?
It depends on the bank, luv! If you want to save and earn big with a Time Deposit, choose Tonik. Earn up to 6% interest p.a. Just make sure to maintain an average daily balance (ADB) of PHP10,000! Never heard of an ADB before? Learn more here.
The best things in life are worth waiting for, luv. That’s what makes…
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Quick Take: What’s the best retirement plan in the Philippines?
There are a number of options you can choose from. You can get a pension plan where you get monthly allowances or a lump sum amounting to your total contributions. You can also get the Personal Equity Retirement Account (PERA), a plan where you save and invest up to P100,000 annually. An alternative is purchasing real estate. You can rent out a house and/or condo unit so you can maintain a steady monthly income.
Worried about life post-retirement? You’re not the…
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Is that a credit card in your pocket, or are you just happy to see us?
We’re guessing it’s a credit card since everyone has at least one of those magical shopping wonders these days. The thing that everyone doesn’t have is the ability to manage their credit cards and credit accounts in general.
It’s essential, because not only will this give you the financial flexibility you need. It can also help you build a healthy…
Fintech
Vlogging, online selling, and starting a virtual tutorial service… These are just some of the most popular online businesses started by Filipinos in recent years. The convenience, flexibility, and vast market reach offered by online platforms have inspired many entrepreneurs to embark on their digital ventures. Plus, the increase in online shopping activity among Filipinos during the pandemic has convinced many of us to start a business online.
Although, there is one crucial aspect that often determines the sustained success of any business—whether it’s a brick-and-…
Did you know? There are over a million small and medium enterprises in the Philippines as of 2021. And a recent study also noted that 4 out of 5 Filipinos are interested in entrepreneurship. This clearly shows that Filipinos have a strong entrepreneurial spirit. Many of us know that doing business can not only help…
There is so much room for growth and innovation in Southeast Asia’s digital banking landscape -- especially here in the Philippines. But because the industry is still in its initial stages of development, there are some critical gaps that need to be addressed before digital banking can fully take off in the region.
In an episode of On Call with Insignia Podcast, our Strategic Associate Jui Takle shares an overview of the…
Fintech has changed the way we live for the better. This is true not only in the Philippines, but the entire world as well. However, innovations are never without their challenges. There’s the lack of existing infrastructure and fear of change, just to name a few.
That’s something Tonik CEO Greg Krasnov and GCash CTO Pebbles Sy know all too well. As the individuals behind two of the biggest fintechs in the Philippines, they were able to share an abundance of insights during a panel discussion at the Tech In Asia Conference 2022 last September 21.
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Savings
Quick take: How much are time deposit interest rates in the Philippines?
It depends on the bank, luv! If you want to save and earn big with a Time Deposit, choose Tonik. Earn up to 6% interest p.a. Just make sure to maintain an average daily balance (ADB) of PHP10,000! Never heard of an ADB before? Learn more here.
The best things in life are worth waiting for, luv. That’s what makes…
Picture this: You're in your late 20s or early 40s, and you're caught in the middle of two generations. You have your own kids to take care of, but you're also responsible for your aging parents. Welcome to the Sandwich Generation--a unique position that more and more Filipinos are finding themselves in. Providing for your extended family is already hard. And having savings in the Philippines as part of this generation can get even harder. If this is something you can relate to, we see you. We hear you. We feel you, luv.
We know that it’s incredibly rewarding to give…
We’ve said it before—as much as we love LUV, it’s not the only thing that keeps a relationship healthy and strong. There’s a lot of room to grow together with your partner, and yep, that includes financially! Check out these 6 tips to build on your finances with that special somebody.
When you’re in a relationship, you tend to be swept away by the intense emotions of it all. And why wouldn’t you, since love does make you do the craziest things? But when the honeymoon phase is over, it’s high time to think about the long term and where you want this…
Recession again? Just when we all thought we were coming out on the brighter end of the tunnel, it seems like we’re off to singing another Annie Lenox song..wait for it -here comes the rain again! But don’t you fret because recessions don’t have to hit so hard if you can prepare and manage your lifestyle and expenses for it, luv!
Since 2020, the Philippines has been in a drawn-out recession, aggravated by the economic impact of the pandemic and other global events. Prices for goods and commodities have been rising, prompting some politicians to advise Filipinos to…
Loan
Ready to start building your credit? A Tonik Credit Builder Loan might be just what you need to improve your loan eligibility. Learn how to apply, and start building your financial future today.
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Table of ContentsHow to Apply for a Tonik Credit Builder Loan?Advantages of a Credit Builder LoanIdeal candidates for credit builder loansWhen to consider a Credit Builder loan…
Quick Take: What’s the best retirement plan in the Philippines?There are a number of options you can choose from. You can get a pension plan where you get monthly allowances or a lump sum amounting to your total contributions. You can also get the Personal Equity Retirement Account (PERA), a plan where you save and invest up to P100,000 annually. An alternative is purchasing real estate. You can rent out a house and/or condo unit so you can maintain a steady monthly income.Worried about life post-retirement? You’re not the only one, hun! This blog's mission is to ease you into your golden…
At a glance: Prioritize understanding costs like interest rates, downpayments, processing fees, and loan terms when comparing installment loans.Transparency in loan comparisons helps you choose the loan that best fits your financial needs. If the Vivo V3 Pro 5G is the phone of your dreams, we can’t blame you, luv. Its sleek design, ZEISS Professional Portrait Camera, and12GB + 512GB RAM are just some of the features that’ll make any techie’s mouth water. However, gadgets that are as powerful as…
Getting a personal loan isn’t rocket science. You need cash, you borrow cash, then you pay it back. Simple, right?Well, yes, and no. Nowadays, you can get a personal loan in as fast as a couple of minutes through an app, and it can even be a great way to build your credit. Make one wrong move, though, and it can cause a domino effect, ruining your chances of getting another personal loan or other credit accounts you may need in the future.…
Lifestyle
Has adding an MBA to your list of accomplishments ever crossed your mind, luv? Let’s explore the world of MBAs where I can’t promise that all days will be exciting but can assure you that the entire experience has sharpened many individuals, including topnotch CEOs in both Philippine and international history. Of course, we’ll be tackling the costs of MBAs in the Philippines, which is the top deterrent from starting an MBA. However the costs fair into your budget, you’ll see how beneficial it is to go through MBA life if it aligns with your ambitious goals. Grab a cup of coffee; we're…
We've all heard about the Tinder Swindler and Anna Delvey's Netflix series, just a couple of the popular factual social engineering stories that shook not only social media but also international banking systems. If there's one lesson these stories have hammered into our heads, it's that anyone can fall victim to scams because scammers find ways to game us.
You may be one of the few, like me, who remain unscathed from these scammers, but that doesn’t mean you’ll be safe for long. As you read this, a scammer from…
![3 students surrounded by money elements to represent tuition fees in the Philippines]](/sites/default/files/styles/blog_featured/public/2023-08/081023-Blog-Investing-In-Education-A-Closer-Look-at-TF-in-the-PH1080x1080---Hero-Thumbail.png.webp?itok=SLrlbYAY)
![3 students surrounded by money elements to represent tuition fees in the Philippines]](/sites/default/files/styles/blog_square/public/2023-08/081023-Blog-Investing-In-Education-A-Closer-Look-at-TF-in-the-PH1080x1080---Hero-Thumbail.png.webp?itok=SWnfM4_t)
EDUCATION IS A RIGHT.
But the sad reality is that education, especially quality education in the Philippines, comes with a hefty price tag. This is the reason why as many as 3.6 million Filipinos are considered part of the growing population of out of school youths. This alarming figure was further aggravated by the resumption of in-person classes in 2021.
Now, you might be wondering: What makes education so expensive?…
It’s finally August and this means… back to school season is upon us! Meeting new friends, reading new books, and learning new things can be exciting. But let’s not forget that a new academic year means new expenses that could put an even bigger dent on our already exhausted pockets.
To help you ease your worries, we’ve created a comprehensive guide that will tell you everything you need to know about college expenses in the Philippines. So, fasten your seatbelts and prepare to delve into the nitty-gritty of what it truly takes to earn that degree.
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