Author Archives: Jeff Eugenio

About Jeff Eugenio

I am currently employed in an IT Firm in Makati and trying to be a true frugal pinoy.

How to waive your credit card fees

Its easy to get approved with credit card application these days. There are even several credit card with the benefit of waived annual fee for the first year. If you dont want to pay the annual fee then remember to cancel credit cards before they charge you an annual fee!

Credit card annual fee ranges from 1500 pesos (HSBC RED Mastercard) and higher. Credit card fees differ from one credit card provider to another. In some cases, the annual fee is worth it. Credit card fees usually depends on the benefit, perks or how exclusive the card is. Some banks will waive the fees based on your relationship with the bank or base on how much you use the credit card.

But do you know that your credit card annual fee can be waived?

Here are some ways on how to get your annual credit card fee waived.
1. Use your reward points to waive the annual fee. If you use your credit card frequently, check if the points you earned can cover the annual fee. You can use your credit card points to pay for the annual fee.

2. Call the credit card issuer and request to waive the annual fee. It will be either good or bad.
GOOD : your request will be granted and annual fee will be waived.
BAD: your request will be denied. END OF DISCUSSION.

3. If your request got denied, do not be sad because you can still ask the agent POLITELY on alternatives or options that you can do so that your annual fee will be waived. Ask the agent nicely like: Is there anything else you can offer to retain me as a customer?
Here are some possible scenarios that can happen to your request:
– possibility 1: the agent will waive your annual fee but you need to use your card and swipe certain amount before the annual fee will be waived.
– possibility 2: the agent will waive your annual fee but you need to enroll a bill (utility bills like electricity, water, phone bills) to automatic payment to your card. This means, that your bill will be automatically charged to your credit card.
– possibility 4: the agent will waive your annual fee but instead of paying 100% of annual fee they will ask you to pay only pay 50% of it.

4. If your request got denied. You can try to call again so you can get to talk to another agent. Hopefully the new agent will be nicer and approve of your request.

5. If your request still got denied then decide if you still need that credit card and inform the bank that you are cancelling your card – NICELY! Just be ready if they decided to really cut your card and make sure that you have at least one other card to fall back on.

Ways to save money on holiday

We are already half way through 2018 but there’s still a lot of things that we anticipate!

If there’s something 2018’s got a lot of, it’s long weekends! Which is perfect for scheduling that much-awaited barkada or family trip!

You may already know that there are two long weekends coming up next month.

August 18-21, the 21st being Ninoy Aquino Day. File your leave on the 20th. to enjoy 4 days of me time!

August 25-27, 27th being National Heroes’ Day.

This is the perfect time to take a short trip away from work and relax with your favorite cup of tea!

But remember not to blow your budget while you are enjoying your vacation. Here are some ways to save money on holiday to avoid over-spending while you travel.

  1. Bring a water bottle. You can save money by bringing a water bottle when you travel and refilling it on the hotel or shops for free.
  2. Make your own mini meals. Do not skip meals just to save money. Instead of buying lunch and dinner at a restaurant, check out local shops where you can buy cheap local produce like bread, cheese and cold meats and create your own packed lunch. You’ll be surprised at how cheaply you can save money on food. Maybe you can try to pick a nice picnic spot to enjoy the local scenery. Also, you can discover more about the place by checking out the local shops, see what produce or products that they sell. This is also one way of getting off the beaten path and experience the local culture of your destination while avoiding the overpriced hotel lunch and dinners.
  3. Take advantage of a free breakfast. If there is a free breakfast buffet as part of your hotel accommodation then make sure you make the most of it. Try to visit the breakfast buffet before it closes and ask if you can get extra breads, fruits and pastries. Usually, its ok taking what is leftover which will probably just go to waste but remember to ask first. If breakfast is not included then do not spend much on overpriced hotel breakfast. Go out and find a nice local cafe, bread shop that will fill you up at just a fraction of the price.
  4. Head off the beaten track, the closer you are to the tourist hubs the more expensive things will be. Shops with higher tourist customers usually have higher price tags. Sometimes you need to head further if you want to get the best deals whether it be a restaurant, cafe or souvenir shop.
  5. Here in the Philippines, discounts are usually provided to Senior Citizen (age 60 and over) in transportation, food, hotel and Senior Citizen of Manila can even get Free Movies Pass. Students also enjoy discounts on transportation, museums and concert tickets. Available discounts may not be advertised so it’s always worth asking at the counter.
  6. The idea of budgeting on holiday may seem a drag but it if you want to save money while you are on vacation then it will really help you avoid spending money too much. Set yourself a daily amount to cover food, excursions, spontaneous shopping and tips.
  7. You can also check travel blogs like womenality to help you plan your vacation.
  8. How about you try Staycation? Staycations are basically vacations that are spent close to home where you dont have to spend so much on airline tickets and bus fares.
  9. Take advantage of technology and internet. It is easier now to discover, plan and experience the world with just a click of a button. If you are travelling abroad, you can use Klook to discover local cuisines and get discounts.


11 Signs That You Have a Bad Financial Life

11 Signs That You Have a Bad Financial Life

Sometimes, our traits and the things that we do can be the reasons why we do not a good financial life. In this post, I listed a few to help you realize why you are having a bad financial life.

11 Signs That You Have a Bad Financial Life

Here are the signs that you have A poor Financial Life:

1. You always know the latest sale events and frequently visits the Mall to check and buy the latest items on “SALE.” This kind of activity will drain your wallet quickly and that’s why you better change it now. How? Self-control and discipline plays a big role if you want to stop impulsive buying. Create a budget plan and stick with it and avoid the mall as much as you can.

2. If you are very emotional, remember to have a clear mind when deciding on your finances and to avoid making decisions when you are emotional. Often times, people makes bad financial decision because they are clouded with their emotions.
If you are feeling bad or too happy, try to have clear mind and stable emotion so you can think properly before making financial decision.

3. You have a limited source of income. If you’re somebody who only relies with one source of income then you might end up miserable in your coming years especially when you spend a lot. Having multiple streams of income means you can save more and prepare for the future.
You next source of income doesn’t need to be big. You can start by checking out small businesses that you can do on the side. For example, selling cellphone load doesn’t take that much time. You can do it even if you are employed and your co-workers, family and friends can be your market.

Your skills and talent can also be a good source income by doing freelance work during weekend or free time. Remember time is gold and how you spend your time determine your success.

4. Take responsibility for the things that is happening in your life. Be in charge of your life and do the necessary things that will improve it.

5. Knowledge is power! If you don’t have time to learn new things then you will miss one way to improve yourself and may mean lost opportunity. Developing yourself is important. Just think of it as investing to your most valuable property – YOU!

6. Know yourself! Understanding and acknowledging your weaknesses and strengths can help you determine things that you are good at and things that you need to improve on.

7. Do not be afraid to ask! Your pride prevents you to ask others for help and this can hinder your growth. If you can’t do a certain task and there is someone who can help you then ask for help. It will save you time and you will create less mistake if there is someone to guide you on it.

8. Know your priorities and the things that are important to you. You will feel lost in your journey to your financial freedom if you don’t have any plans. By having a clear plan, you can set your short term and long term goals. These goals can guide you in your success and it also helps you to do things that are not in line with your goals and waste your time.

9. Be bold, be adventurous, do not be afraid on trying out new things. You wouldn’t know if you will be successful in one endeavor if you don’t try it. Getting used to something and hiding in your comfort zone can hamper you from reaching your success. The younger you are, the bolder you should be in trying out new things because you can still correct mistakes that you make and learn from them.

10. You always compare yourself with others. Stop gauging your worth base on other’s success. Each of us are different and my definition or measurement of success will be different from yours.

11. Trying to stop or run away whenever you encounter a problem. Try facing your problem because it will not solve itself. Facing your problems can help you improve on your problem and having good, strong problem solving skills can make a huge difference not only to your career but also for your future.


LED Bulbs

LED lights can help you save money

We all know how important indoor lighting is to our daily lives. Indoor lighting is essential but most of us do not pay much attention to the costs associated with them.

Most homes here still use the traditional light bulbs which adds up to our electricity bills cost.

Aside from the upfront cost of buying a tube light or bulb, you should also take into account the cost that it will incur while using it. Most people dont know that Lighting accounts for 20% to 30% of your electrical bill.

Here are some of the brightest ways to save on lighting costs.

Turn the lights off when not in use. If you do not need it dont turn on the lights especially if you have ample natural light (sunlight).

During daytime, you dont need that much light.

Maximize the use of natural light especially during daytime. Natural light is the best source of light and will help you save on energy. Place reading tables near windows and put skylights in other working areas.

Use the right kind of lighting over desks, beds, and other work areas. Choosing the right kind of lighting can help you save money. For example you do not need to use higher wattage lighting if you are just going to read on your table or you can opt to use natural light by reading besides a window. Use low wattage light bulbs in areas that do not need strong lighting.

Keep lights clean. People usually neglect cleaning their lighting. Dirt can lessen your lighting illumination by as much as 50% and poor lighting can affect your work efficiency. If takes you longer to finish a task longer due to poor lighting then it wwould men that you will also consume more electricy thus highest electric bill.

Switch to LEDs. Replace incandescent bulbs with LED lights (Light-Emitting Diodes). Although they cost more than incandescent bulbs and compact fluorescent lamps (CFLs), you save 87% on energy costs vs. incandescent bulbs and 50% vs. CFLs. LEDs also last 5 to 10 times longer.

Akari LED bulbs

Philips LED daylight bulbs

4 Misconceptions About Money You Need To Know

4 Misconceptions About Money You Need To Know

1. Bad money habits.

No matter how big your salary is, you will never get rich if you have a bad money habits. Realizing that you have a bad money as soon as possible can make a big impact on your financial situation. Asses how you spend and save your money and if you think that your money is bleeding, plug it immediately and change for the better.
Before you buy the latest laptop in the market, think first if you NEED it or just WANT it. By prioritizing the things that you NEED, you will be spending your money wisely.
Avoid shopping just because there is a SALE and do not be an impulsive buyer especially when you are already struggling with your finances.
In other words, adjust your lifestyle according to what you’re earning. Budget your money and follow this simple formula: Salary – Savings = Spend. Prioritize saving money for the future instead of spending your income then putting your left over money to your savings.
Remember to create a budget and stick to it no matter what. Discipline plays an important role if you want to get rich. If you have any vices like smoking, drinking alcoholic beverages, or gambling then try to stop because like shopping, traveling or eating out often, these are also reason why you spend your hard earned money. Just think how much money you spend on your vices?

2. Think long-term.

Most people doesn’t think long term in their financial decisions. They usually savor the fruits of their labor and spend all their money then later on starts to borrow money because they don’t have any savings.

Are you familiar with this saying “Travel Now Pulubi Later”? There are people who love to travel but don’t have any money in their savings or emergency fund. Read our article about delayed gratification to know how it can help you.

Don’t get me wrong, there’s nothing wrong in enjoying your hard earned money, but I highly suggest that you think long term. You can still travel but make sure that you budget your money. You can try Budgeting With The Help of An Orange Envelope help you manage your money wisely.

Some of the long-term goals that you should start planning right now are:
a. Savings. This is one of the basic but most commonly disregarded by people. Everyone should start a savings account. If you need to help in choosing the best account you can read this article.
b. Emergency fund. You should save at least 3 to 6 months expenses. Just in case something happens like accident or loss of job, you can be sure that you have spare money for daily expenses, bills and to survive until you can get back to your feet.
c. Insurance which you can use if unfortunate situations happen in the future. It could be sudden death, disability, or accident.
d. Investment. Planning your retirement is also recommended so you don’t have to worry about money in your old age. That’s why you should start investing your money so that you will have more time to grow your money and use it maybe in future travel or for your retirement. Investment can also be used to secure your children’s college education in the future. Read our article about “Why You Need to Invest


3. Make a decision base on logic and not on emotions.

People can be easily be blinded by their own emotions. You should learn how to control your emotions and decide base on what’s logical and what’s best for you. Don’t decide involving your money when you’re angry, scared, or depressed. Your tendency is to become irrational or impulsive and can easily make the wrong decisions.
How many people have you seen spend their hard earned money on vices just because there are heart broken or sad? People who are emotional or under emotional stress are more likely to waste their money on vices, gambling, drinking and things that will make them feel good even to the point of emptying their bank account.


4. You’re living a lifestyle beyond your means.

Reality check, some people are show off! If you try to live a life of the rich even when you’re not then you should STOP! You do not have to pretend to be rich in front of your friends. If they leave you just because you are not rich then they are not real friends at all. Remember, money doesn’t buy real friends!

You also do not need to follow the latest fad like gadgets and fashion especially if you can’t afford it. Just be humble and live within your means and you’d likely to become rich.
There’s no doubt that money can let you have a good time but having more money doesn’t mean that you will have more fun. FUN is relative, what fun to you maybe not fun for me. Remember when you play with your friends when you were young and have fun even if you don’t have any money?

Philippines New 5 Piso coin 2017

5 Peso and 1 Peso Old BSP Coin Series

Before you start saving checking every bank around the town to know which one is the best Best Savings Account in the Philippines, you should check out the news 5 Peso and 1 Peso coin series that the Bangko Sentral ng Pilipinas (BSP) circulated last year. By now, you may have already seen these new coins or maybe you already have spend those 5 Peso coins and thought that they were 1 Peso coins since they look similar in size and color.

The new 5 Peso coin were released last December 1, 2017 to commemorate the 154th birth anniversary of the father of the Philippine Revolution – Andres BonifacioAndres Bonifacio was born on November 30, 1863 to Santiago Bonifacio and Catalina de Castro.

The portrait of Bonifacio, the Father of the Philippine Revolution, is etched on the obverse of the coin, along with the markings, “ANDRES BONIFACIO,” “5-PISO” and “REPUBLIKA NG PILIPINAS” in bold font and in microprints, and the mint mark.

The other side of the coin features the Tayabak, a Philippine endemic plant, the BSP logo, and “Bangko Sentral ng Pilipinas” in microprint.

The new P5 NGC coin is 25 millimeters in diameter and weighs approximately 7.4 grams.

The other newly designed coins will be circulated starting January 2018.

To make it easier for you to distinguish the new coins, just refer to the chart below.

New Generation Currency (NGC) Coins Comparison Chart

New Generation Currency (NGC) Coins Comparison Chart


Senior Citizen Discount

Senior Citizen Discounts

Under our law (Republic Act No. 9994 and Republic Act No. 10645), Senior citizens are granted several benefits and privileges.

This is to recognize and emphasize the important role that our senior citizens play in nation-building, and to raise and address issues concerning the sector.

Here’s a list of the discounts that our elders should enjoy:

20% Senior Citizen Discount on:

  • Medical-related privileges:
    Medicine and drug purchases
    Medical supplies, accessories and equipment
    Medical and dental services
    Professional fees of attending physician as well as Professional fees of licensed health workers providing home health care services
  • Transportation in Air and Sea and Land which includes LRT, MRT, PNR, buses, jeepneys, taxi and shuttle services.
  • Hotels, restaurants, recreational facilities, places of leisure like theaters, cinemas, concert halls, circuses, leisure and amusement
  • Recreation centers fees, charges and rental for sports facilities and equipment


Senior Citizen Social Pension:

  • Indigent senior citizens shall be entitled to a monthly stipend amounting to P500 to augment daily subsistence and other medical needs.
  • Mandatory PhilHealth coverage. All senior citizens are now covered by the national health insurance program of PhilHealth.
  • Social safety nets. The social safety assistance shall include, but not be limited to, food, medicines, and financial assistance for house repair to cushion effects of economic, disaster and calamity shocks.
  • Death benefit assistance. Assistance of a minimum of P2,000 shall be given to the nearest surviving relative who took care of the deceased senior citizen.


Other Benefits for Senior Citizens:

  • Express lanes shall be provided in all private, banking, commercial and government establishments; priority shall be given in their absence.
  • Educational privileges. Assistance shall be granted to senior citizens to pursue education through provision of scholarships, grants, financial aids, subsidies and other incentives.
  • Benefits and privileges for retirees. Continuance of the same benefits and privileges by GSIS, SSS and PAG-IBIG as enjoyed by those in active service.
  • Privileges on special discounts in special programs. In order to avail of these benefits, the senior citizen or his/her authorized representative shall present a valid and original Senior Citizens’ Identification Card. Details for ID application may be found here.


Some LGU’s (Local Goverment Units) also provides extra benefits to senior citizens so check with your local authority to find out other benefits that they may have for your beloved elderly.

For example: In Quezon City, centenarians on their 100th birthday will get Php10,000 as well as a certificate recognizing their hundredth birthday, a monthly allowance of Php1,000, a cash gift of Php1,000 on every succeeding birthday, and Php1,000 every Christmas.

In Manila, Senior citizens with OSCA cards can also watch movies for free on Mondays, Tuesdays, and Thursdays, and are invited to join occasional tours to different places in the city. Manila’s elderly will also receive Php300 every year on their birthday plus other benefits.

how much morning coffee costing you

How much your coffee actually costs you

A friend of mine who i haven’t get in touched with for some time suddenly asked me:

Besh! Kamusta ka na? When are you free? Lets have coffee.

Sounds familiar? Power!

No my friend, i wont fall to that kind of invite ever again!

Anyway, have you already had your coffee fix this cold and rainy morning?

Do you prefer your coffee instant or brewed from popular coffee shop so that its more “sosyal”?

Do you know how much your coffee costs you?

If you opt to buy one from popular coffee shop it will usually costs you around 150 pesos.

Meron dyan iba SB padin ang trip kahit na 200 pesos nalang ang laman ng wallet nya!

Its not good for you and your wallet!

how much morning coffee costing you

This is how much your coffee consumption actually costs you a year.

If you buy coffee everyday that costs 150:

150 Php x 30 = 4500 Php

If you buy coffee only once a week, it will costs you:

150 Php x 4 = 600 Php

If you only buy coffee to reward your self ever payday, it will costs you:

150 Php x 2 = 300 Php


Besh in a year how much do you usually spend on coffee?

4500 Php x 12 = 54000 Php
600 Php x 12 = 7200 Php
150 Php x 12 = 1800 Php


Now, multiply that by the number of years you are working and check out how much you already spent on coffee alone.

Partida na friend wala pa dyan ung mga extra coffee dates mo or yung times na nanglibre ka ng coffee, or ung nilibre mo ung long time no see mo na friend tapos dadalhin ka lang pala sa seminar for networking! Power diba?


Lets say you only buy coffee during payday and you already working for 5 years.

You already spent 9000 Pesos for coffee in span of 5 years.

How much your coffee actually costs you

Do you know that you can already use that money to start your emergency fund, open a mutual fund account or UITF fund or paying a bad debt?

So next time you crave for a cold or hot coffee consider these numbers and think if its something you really “want or need”.

If you want to be a true blue frugal pinoy then you have to aware on your expenditures, budgeting and making your money grow.

So ano mga besh, open minded ka ba? Coffee tayo?