Let’s make it easy for Filipino students to survive the costly college life

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Stories of overstaying students in a university, reaching up to seven years, have come out. Bad grades are cited as one reason. But, there are students who perform so well in school; the only problem is insufficient funds to pay for increasing tuition fees.

Education is a form of investment, and it is one of the smartest ways to place your money in. But the question looms, “how can I invest in education with a few money in my pocket?”

Let’s make it easy to make the money grow.

A couple of years back, the Bank of the Philippine Islands (BPI) launched its first fully mobile microfinance banking institution called BPI Globe BanKo. This microfinance bank caters to microfinancial institutions such as rural banks, and small-scale businesses such as sari-sari stores, bakeries, talyer, and the like.

But most importantly, it caters to the members of the Filipino grassroots, the “unbanked.” Comprising the group of the unbanked are tricycle drivers, palengke vendors, kargadors, truck drivers, jeepney drivers, as well as the mangangalakal. The last thing we heard about, these people are also part of the economy.

However, the quoted term is still debatable. The “unbanked” goes beyond this pool of Filipinos. A Forbes report said only ten percent of the global population has access to traditional banking, which means there are still billions of people who do not have access to banks.

With the transactions done by BPI Globe BanKo, these people are given the chance to save up money and fulfill their life long dreams. All a person needs is a photocopy of a valid ID, a Globe or TM SIM and PHP 100 to have a legitimate savings account.

But what if we utilize this scheme by the BPI Globe BanKo for university and college students to get through increasing tuition rates and live a college life that is both fulfilling and worthwhile?

Studying the services, procedures and figures of this innovative mobile banking, it is possible. 

The Start of Higher Tuition Rates

In the past few months, students of the state university, the University of the Philippines System went through a series of tuition rate increase. The cause? The new socialized tuition system. With the series came another series of applications submitted and pending papers just for a student to be out of the default bracket — which requires students under this group to pay PHP 1,000 – PHP 1,500 per unit.

What’s big fuss? Learning history that the school came from a time when tuition fees can be paid with coins from a small pocket, the UP students who are formerly in the lower brackets (with fees as low as PHP 200) can’t seem to face that one day, they’ll see that they are required to pay as much as PHP 1,500 per unit.

Protests followed. The UP administration said there is no change, apart from the in the income bracket adjustments. This latter adjustment pushed Bracket B students to pay under the scheme for Bracket A student.

Therefore, an increase.

The rest of the Philippine universities, unfortunate to have no culture of student protest, has long suffered from this dilemma.

Then, There’s The Solution

Thankfully, Ban Ko came to the rescue, made possible through the partnership with Ayala Corporation and Globe Telecom.

Who can have access to BPI Globe BanKo? Just to name a few: a tricycle driver who wants a new car, a palengke vendor who wants to have a taste of gourmet meat dishes, a working college student who wants to finish a Master’s degree, and a jeepney barker who wants to buy his own house.

Stories of students working part-time in call center and BPO industries only to pay for their academic fees came out. There are also stories of working college students who also spend for the maintenance medicines of her father, aside from the tuition, and therefore comes out as abonado pa.

Just How Is Paying For Tuition Fees Is Made Easier With This System?

1. A 15-year-old college freshman can open a BPI Globe BanKo account. Goosebumps over here but kids as early as seven years old may apply for a BPI Globe BanKo account with a valid school ID. Passing the entrance exams to your favorite Universities is one thing, but being independent enough to shoulder the fees is another great thing.

2. Why bother your parents to pay your summer classes for just three to nine units? Let your parents enjoy the money that would have been used to pay your tuition for the summer classes, to have a nice spa treatment or a nail polish. Or maybe, even pay for your two-semester worth of tuition.

Start paying your tuition fees with your own pocket money, that may come from: (1) your side line and graveyard shift as a party club promoter, if you are 18 years old and above, (2) your graveyard shift in the generous and considerate BPO industry, when it comes to the employment pool, (3) your daily baon, and; (4) your piggy bank.

3. How about to just open an account in main BPI Savings Bank branches? We know all about the BPI Jumpstart card, for teenagers who want to “save.” But there are the lot of factors why it’s still better to open an account in BPI Globe Ban Ko. Here’s why:

a. All-time low interest rates. BPI Globe Ban Ko has all-time low interest rates, if you want to make your bulk saving grow. Compared to the main BPI and BPI Family Savings Bank, your money shall grow faster in a shorter period of time. Deposit accounts with P2,000 average daily balance can earn 3% interest rate per annum.

b. No maintaining balance required. There is no maintaining balance required, unlike the main branches which require at least P100, depending on the account you will be opening.

c. Purchase mobile phone loads with discounts to save greater amounts. Trying to gather up and calling group mates and classmates for a project that has to be submitted the next day, but short of funds to buy cellphone load? No worries, as long as you have savings in your BPI Globe BanKo account, you can go to the nearest BanKo outlet and purchase the load amount you want. Plus, savings!

c. Receive great discounts everytime you reload your mobile phones. BPI Globe Ban Ko account holders are given the privilege non-account holders do not receive, such as great Globe load discounts. Buy mobile load worth P 10 – P 49.99 and get 7% off, purchase mobile load amounting from P 50 to P 99.99 and get 8% discount, and when you buy mobile load worth P 100 above, you get 10% off!

d. Boarding house and dormitory electricity bills can be paid through BanKo. From electricity, Internet to water fees, Ban Ko is now your new Bayad Center.

e. The next semester comes in and new tuition fees arrive, but you are short with funds. No worries. There’s nothing wrong if your mom runs a small sari-sari store or if you dad runs a car mechanic shop. In fact, this microfinance bank can help these businesses to grow, to get additional funding to start another branch where most of your tuition probably comes from.

This microfinance bank accepts loan applications for microfinance institutions, rural banks and NGOs, in a way that is more secure with lesser hassles. But we’re not saying that you don’t trust your University loan programs and org tambayan loan schemes. It’s just that going through the bank loans is a more secure way to loan finances.

f. Your relatives can easily send funds through Globe Ban Ko’s money transfer. 

We know these BPI partner outlets are located perhaps in small loading stations, sari-sari stores, palengke stalls, or pawnshops, in a gritty environment. Because of this, you might worry about your money’s safety. But what’s the fuss? You don’t talk about safety when your finances are handled by BPI.

Visit the official website of BPI Globe BanKo here, and learn more about their services. The bank has helped many microfinancial institutions and small businesses grow. It’s just waiting for you

 

 

Walt Disney official threatens National University with copyright law suits

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Cheerdance championship title winner National University saw Sunday’s competition in the Philippines as a celebration. A Walt Disney Company marketing official on the other hand saw it as a way to ask the university to pay copyright fees.

NU, which earned a back-to-back championship title from the University Athletic Association of the Philippines cheerdance competition since last year, used Pocahontas and Aladdin as themes for the competition, both of which were popularized by Walt Disney.

Disney’s legal team and marketing officers have known of this copyright issue since last year, after having been informed of the news via news websites online.

Once again, they came to know of the university’s winning today, as well as the repeated use of Disney themes, via an email sent to the company.

“We woke up with the news of this local university winning a cheerdance title using our own Pocahontas as theme,” Disney said in a statement. “Last year, they used Aladdin. we would have let it pass but to use another Disney theme again? We don’t think that’s fair.”

Because of this, Walt Disney Company threatens to file copyright law suits to NU, if corresponding fees will not be paid soon.

“We have measures and rules if an organization plans to use our movies or our songs,” the management further said.

One way to legally use Disney characters is by getting permission to use them from Disney Enterprises. A variety of Disney corporate entities own the intellectual property rights to Disney characters.

An organization or a group may receive permission in the form of a letter or an email message. Disney may require an individual or organization that wants to make extended commercial use of Disney characters to enter into a licensing agreement where the user pays Disney for rights to use the character. Disney may also refuse to give you permission to use its characters.

This year’s cheerdance competition is NU twice in a row, using Aladdin and Pocahontas as themes, respectively. Champions for this year’s competition won money and sponsor gifts as prizes.

“The costumes, the songs, the theme, they are clearly Disney, and we just can’t let any big organization use our intellectual properties like public toilets,” said one Disney official.

“Walt Disney has always worked hard to create characters and stories that get popularized among all ages,” he added. “Using them to earn something outside of our boundaries is clearly a breach of intellectual property rights.”

When to and when not to fire yourself in a job: On job security

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Get on your heels and face your boss and tell him or her, “I am firing myself,” before he or she even says so. You are totally done from the phase where you looked for a nice job over the Internet, or from the newspapers’ classified ads and accepted it because it’s a nice one. Did the graphics stun you? Did you hiring manager attract you?

Considering these factors, you might have accepted the job offer because you thought it’s going to start your career in your selected industry. Day one comes in… not too many work. Pay check comes in and yes, “I received my first pay check!” and you’re jumping hysterically, while your co-workers tell you at the back of their heads, “That’s just half of my earnings.”

Week three jumps right in and you feel stress, complaining of going tired after work. Week seven comes in and you find yourself bed ridden in a hospital near you.

Okay, let’s talk about job security and when to and when not to stay in a job you thought will bring you luck.

When To Stay In A Job

1. A high-paying job. It’s a high-paying job and you get the comforts and the benefits of your salary after tax has been paid and after major bills have been disposed off. Meaning, you get the luxury out of your salary and you have more disposable income and savings than your taxes.

2. A considerate leader and boss. Your boss is not a tyrant. He considers his employees’ needs, situations and problems. And she religiously gives the benefits that the employees ought to have. In other words, when your boss is approachable.

3. Asking for a raise is easy. When asking and requesting for a raise is not as difficult as reaching for a God or a Goddess in a prayer. Be honest. If you are getting the same salary after working for company for over a year and a half, leave the job.

4. Fulfillment. When you are feeling more fulfilled as days go by.

5. Promotions. When you are promoted.

6. Friendly Co-Workers. When your colleagues are not bitches

7. When your proposals are approved. When you bring something important, always, on the table and not just pure “mm-mm’s” and “yes, sir.” Remember to raise a question and question the problem and solve the crisis. In this way, the higher ups will notice you and might even consider you for a more challenging post.

8. A stable company. When the company is at the safe level; meaning, you don’t overhear at the cafeteria that the company is lacking funds, lacking investments and what-not. A sign that the company does lack these things, if you are the person so strong and don’t believe gossips around the canteen, are rats around the office floor, awkward silences and goodbyes from co-workers without expecting for a return.

When NOT to Stay In Your Company: Signs That The Company Is In The Brink Of Closing Down

1. Unreasonable wages, over-taxation and pay check release delays. When you don’t get to live a happy and good life with the wage you earn. Another sign are delayed release of wages. There is absolutely no reason for a company not to release pay checks on time.

2. Wrinkles and eyebags on boss’ faces. First, it shouldn’t be the boss who must have these. But when you notice stress over your superiors’ faces, there must be a big problem the company faces.

3. Less business travels. When an employee is used to business travels and suddenly, the travels dwindle, your business partners abroad and around the country might be raising their eyebrows by receiving little or no returns from their investments.

4. When the food in the cafeteria is not as tasty as before. Breakfasts and lunches pass by with your tablets and laptops on because the food is delicious and well-cooked. But when you notice a difference in the taste that bores you as you type in your report or as you gossip and discuss with your co-workers, there must be something wrong with the funding of the cafeteria and it boils up to the management.

5. When people ask you why you are still with the company and you say, “Because I enjoy doing my job.” Hey, are you out of your mind? There is never a job that gives you no stress and the people who “enjoy doing their job” perhaps are parents and full-time moms, and when this is only your reason of staying, I tell you, think twice. It’s never wrong to be happy of what you are doing but be honest and be real, no job is as enjoyable as laying on the beach sands. For one, you are employed because you want to make money and that’s it.

 

PHL’s housing bubble: On raising the value of your houses

Raising your children in a condominium or an apartment is difficult, but raising the value of your houses is way more difficult, but would give you wonderful results. Different publications would always say that living in a condominium is costly and yes it is. Real estate properties such as condominiums may be near to shopping malls, restaurants and club districts but having a home that could raise its value is even more exciting. Do you want to know why? We have three things for you.

An apartment or a condominium’s value depreciates. Government policies would always require a home loan for you to be able to purchase houses but home loan processing takes a while. Moreover, many marketing strategies would offer condominium units and what-not, with a promise of giving you a good life. Many are offering deals that are too good to be true.

But remember that as demand for houses increases, the value of your “owned unit” appreciates, meaning you will have to pay more amount in the long-run.

Be aware of the housing bubble. Perhaps you just paid attention to the image models, again. And never paid attention to the value it gives you. You might have imagined living like a star, or living like a celebrity but in the end, a housing bubble exists. What is the housing bubble?

Unlike the stock market, where most people understand and accept the risk that stock prices might fall, most people who buy a house don’t ever think that the value of their home might decrease.

Why does it decrease? Because of more demand. Because many properties are aiming to develop more and more houses.

When buying a condominium, be sure to be capable of paying it in the long-run. They offer you nearby shopping malls? They offer you restaurants? Think of the long-run. Sometimes, building a village is still the best way to go. You’re near to churches, sports areas, facilities, schools and eateries. You save up money and you’re safe.

Therefore, stay home and be safe.

 

Robin Williams died of Parkinson’s disease, CNN reports; doctors think disease is related to an immunity illness

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QUEZON CITY, Philippines — Renowned actor and comedian Robin Williams died August 11, with Parkinson’s disease as the cause of death reported by CNN. However, doctors question whether the disease is related to a larger immunity virus.

Here’s a famous quote by Williams: “

‘Divorce is like ripping a man’s genitals out through his wallet’

The world is waiting for his final funeral rites, to pay last tributes. 

#GoSeeBwiseet: 14 Lovely Reasons Why Walking on Runways and A Modelling Career Are Wastes of Time

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Have you been to your national roads and expressways nowadays, or perhaps malls and shopping centers? You may have probably noticed at parlance the images of models, male and female and everything in between, endorsing your favorite brands. 

Today, thinking buyers are buying those items now because of the item’s quality and price tag, not based on whoever or whatever image is in there. Have you seen the ads of Gucci, Chanel, Prada, Louis Vuitton with images of models, common people say, “to die for”? The language itself is of no meaning at all, cannot be understood, perhaps, a matter of craziness and insanity.

Allow us to give you 14 reasons why a modelling career is a waste of time. Or, too lazy to read all 12? 

Don’t take that risky road of showing off bodies for the sake of, let’s call it, Grace. 

1. Models are getting ugly nowadays. Why waste your time?

2. People don’t notice you anyway, but notice the items that models cannot even buy or purchase.

3. If people ever notice them, it’s an indication of tragic times for the rest of the people whom these “eyes” don’t see as beautiful. 

4. Ever got fascinated by Hunger Games fashion? You must be getting poor. 

5. These items, such as clothing, bags, shoes and what-not, are cheap. Which means, they don’t have value.

6. Valuable items are everywhere, more than what you could ever imagine.

7. Don’t wait for them to endorse jewelries, as jewelries took so many lives and cost so many “ugliness” to parade the beauty these “golds” have. What, are you living in the 1800s? You have to find your death bed, my dear. 

8. Modelling won’t give you enough financial needs to support your family in terms of giving them health, benefits and other things. 

9. Modelling won’t give you enough financial needs to survive for a year, or even for for half a month. Do you want to get poor? No one does. So enough of those poses. 

10. Who knows something about Imelda Marcos, the icon of fashion? She was a model. But, she has no value. 

11. Again, valuable things such as gold, silver and other things for jewelry-making or, for energy-building is enough to call some people slaves and miners. Are you living in the 1950s?

12. Designers are gay, enough of fooling us. 

13. Modelling does not set an example. What, a great body? What, a great look? What, a beautiful face? Some models and actors need to do something more worthwhile, other than amusing people.  

14. We see them as beautiful. 

So when people ask you, “what’s your job?” or “what are you doing right now?” And you answer modeling? Prepare to be laughed at. 

It’s Pay Day, but oops, the next one does not come after 15 more days

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It’s Pay Day week for most people. The human instinct tells an employee who gets his or her paycheck right from the accounting department or right from your boss to drink out, pig out, and shop. While many find this necessary especially after a week filled with chaotic traffic, office stress and road accidents, smarter employees would think otherwise.

It may be Pay Day, but oops, the next one does not come after 15 more days. We’ve talked about shopping last Pay Day and we assume you’ve maxed out your credit cards. Banking institutions are now extending their hands on you saying, “Your payment? Your debt?”

In this day and age, it is highly necessary to be financially literate and smart, with higher commodity prices and frequent oil price hikes. You don’t want getting inside another train and hurting yourself, do you?

We’ve got you covered with some leads on where to take your Pay Day goodness and tips on where to spend them, if you are too nagging to take a bite off your salary.

1. Be informed and educated. This blog is not a financial blog that gives you all the information, we just give you the leads. Take time reading through online materials, bank brochures, financial pamphlets and more to give you information on growing your money. Before taking any investment action, know what it is, know how much returns they’re going to give you and know the risks.

Don’t forget to talk to the experts. There are groups today, and some of them may be on your circle, that offer “investment methods” promising great returns, as long as you invest the money in them. This is not a credible and legitimate investment procedure.

2. Keep track of your credit card statements and bank accounts. A credit card is not something that you hand over to the cashier to pay for your items. Because whenever we are inside shopping malls, we lose control of nearly everything. The next day, you’ll find out you’ve maxed out your salary just because of paying for your credit card bills. And you don’t want another set of debts.

3. Invest in products that are cheap and you are familiar with. You are a young professional and being young, as what big bosses think about new hires, does not mean you don’t have the right on money matters. Invest in things that suit your age and expect returns. A risky investment is not advisable for the younger generation.

4. Buy stocks directly from your company. Going back to square one and tip number one, educate and ask yourself, “Is it wise for me to buy stocks from the company I am in?” and gauge your other expenses. Once you buy stocks, you’ll be getting dividends in the form of shares, depending on the performance of the company, depending on each employee’s performance. This is not applicable for all as not all companies have this option.

5. Invest in mutual funds. Find your financial adviser to guide your through the process. This is where talking to experts fall under. Studying this for yourself might be a little confusing with all the figures and graphs, enough to make you refuse this form early on. But with the method of this investment, you’ll regret giving up early. Investing in mutual funds involve putting your money as part of a bigger company’s transactions, say a multinational firm.

As stocks of that company grow through time, your money grows as well and you’ll get returns. Paper trails and documentations provided by your financial adviser are enough to prove the legality of this process. You can always check Stock Market news and updates to keep yourself on track.

Now that we’ve shared some leads on where to take your money, it’s time to get moving. But this is not all, as these tips are helpful for young and starting professionals. Let’s leave the rest of the riskier roads for older people and adults to take.

Are you going out for a party or a drink? Think again. And we did mention about some spending and shopping tips for those who are insistent. The billboards, ads and visuals you see around are enough to take you there, but be careful.

Sources: WikiHow, Forbes, BPI Express Online, MoneyMagpie.com, Reader’s Digest Asia