Is it still safe to put your money in the bank?
Filed under: banking, Economy, entrepreneur, feedback & reviews, finance, Money, Philippine, Reaction, roysville
With, yet again, the closure of Banco Filipino Savings and Mortgage Bank last week by the Bangko Sentral ng Pilipinas (BSP), the simplistic mind of Juan Dela Cruz cannot help but ask, “Is it still safe to put your money in the bank?”
True, bank deposits are insured by the Philippine Deposit Insurance Corp. (PDIC) to a MAXIMUM of P500,000 PER depositor. In fact, PDIC is now already processing deposit insurance payments to the depositors of Banco Filipino. But we all know that claiming your money from a closed bank is not a walk in the park.
Investing in pre-need companies have failed us. IT FAILED ME! I wanted to be a responsible father who prepared for his kids’ future, so invested in CAP… and BANG! Just like that. Everything went down the drain. No thanks to our government who seems to do nothing to help alleviate our plight.
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Checking account management
Filed under: entrepreneur, finance, management, Money, roysville
In my early years in the bank, one of my first assignments was as a CA/SA bookkeeper. One of my duties then was to monitor the balances of checking and savings accounts of our clients. Although I was more particular on the checking accounts, and I have closed quite a number of accounts then because some people don’t how to manage checking accounts.
We all know that a checking account is an important tool to an entrepreneur. Aside from it being a convenient way of paying obligations, it also allows for easier recording and monitoring of expenses. However, as great as a financial tool it is, the checking account can cause the entrepreneur’s downfall when improperly handled.
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Finally! My first real online earning!
I finally reached the minimum payout in MyLot which is $10! This my first real online income since I have been signing in all those affiliates and pay-to-sites I stumbled upon. Among all them, MyLot is by far the easiest and most fun doing.
You just don’t click blindly without even paying attention to what your clicking. Honestly now, have you ever read those those ads your clicking on PTC’s? And the fact that they’re just paying you $0.01 for that (some even just ($0.001) doesn’t encourage you to read really. And with that amount, it will take forever to reach the minimum payout of $10!
But with MyLot, reaching the $10 minimum payout is so easy and fun. You wouldn’t even notice it cause you will be enjoying yourself. Discussing with people half the globe away from you, on any topic under the sun. You will actually forget that you’re earning there.
I could’ve have reached the minimum payout earlier, had I not been so busy lately. But it’s really not bad, I’m just on my second month of membership and I haven’t been actively logging in lately. That is why I’m very thankful for reaching the $10 minimum. I haven’t paid yet, as the payout will on the 15th of the next month. I’m so excited, I might even blog about it when I finally receive the payout.
So let me invite you earn and have fun with at MyLot… and fun and easy way to earn money online!
What is PayPal?
I created this post because in one of my post regarding BDO in my House Of Puroy blog, a friend asked me what a PayPal is, and even continued with ‘can I earn money with that?‘ This doesn’t really surprised me, because I for one have learned to use PayPal only recently, although I have been made aware of its existence before. Honestly, I still haven’t explored the PayPal potentials because for one, I’m still not verified and second, I haven’t received any payment yet nor paid anyone yet, with it.
Though not really an expert, I’ll try my best to explain what PayPal is (at least to my comprehension). First Paypal is not something that earns you money. It’s not like any online opportunities wherein after you signed in and do some stuffs, cash will flow in. It’s not like that. PayPal don’t earn you money. At least, not in the way I mentioned.
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