General

WTF: Money Ban

By on Wednesday, May 8, 2013

The seasonal dictatorship that is the Commission on Elections (Comelec) has imposed a ban on cash withdrawals if more than P100,000 from banks and other financial institutions. They are also banning possession, transportation, and carrying of more than P500,000.

And for what? For its detrimental impact on trade and commerce what do you get in return? There may be a money ban but you can bet there will still the same vote buying. There’s a gun ban but many, even more than normal, are killed during the election period. There’s a liquor ban but people still choose the wrong candidates.

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General

Lost and Found

By on Tuesday, May 7, 2013

This morning while preparing for work, I was looking for my watch but couldn’t find them. I suspected that Jeanne squirreled them somewhere. But she was still sleeping so I asked Lola Becky to ask Jeanne when she wakes up. And true enough she had them. Lola Becky asked her if she played with the watches and told her I was looking for them. She immediately went inside the room and got the paper bag containing the watches. So cute. Her memory is really good :)

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General

Financial Literacy

By on Friday, May 3, 2013

What’s the difference between the rich and the poor? The rich knows how to handle money. The poor doesn’t. Now don’t get me wrong. I’m not saying the poor are poor because they don’t know how to handle money. I’m saying the poor don’t know how to handle money because they’re poor. They weren’t able to handle money much to begin with. These days, as wealth supposedly trickles (trickles!) downward from the improving economy, as salaries from new jobs come, as OFW relatives remit cash, as lotto tickets win, the beneficiaries of this money need to learn to budget, to save, to invest. Otherwise, much of the money will go to waste.

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