Casita del Rose: finance

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Getting your child a college educational plan with insurance tie up is a no-brainer decision even in this time of free tertiary education. Instead of being a restraint on your budget, doing so would actually help you in managing your finances. Think of it as paying it now while you have the means and time to do so, as opposed to scrambling in the future when you already need it. Plus, since the premium is already on your budget and accounted for, any surplus can be considered as shopping money.

I got our kid’s plan with Philam Life, as I believe that they’re the best partner for my family considering what I need and what the company can provide.

Paying your premiums is very easy especially if you’re an existing BPI Expressonline user. Make sure you have your policy number and mobile phone with you, and follow these easy steps:

· Enrolling your Philam Life Policy to BPI Expressonline

1. Log-in to your BPI Expressonline account (https://www.bpiexpressonline.com)

2. On the top most menu, choose Payments & Reloading >> Bills Payment >> Enroll All Other Bills

3. From the list of merchants, pick PHILAM LIFE (PLIFE)

4. Input your Policy number and Security answer on the space provided.

5. Click Submit.

Recently, BPI added another layer of security by adding an OTP during bills enrollment. Make sure that your mobile number is updated to receive the 6-digit OTP number.

6. Click the button ‘Send OTP via SMS …’

7. Input the OTP number on the space provided and click Continue.

That’s the 1^st part. You’ll receive a notification that your enrollment is successful and you can now pay your premium.

Paying your policy premium

1. From the top menu choose Payments & Reloading >> Pay Bills Today

2. Choose the PLIFE merchant you’ve enrolled.

3. Enter the premium amount on the space provided.

4. Choose which account would be debited for your payment.

5. Click Submit.

And you’re done. You’ve paid your premium on time and with no hassle. A neat trick I do is renaming my bills list with BPI Expressonline. It makes it simpler to identify which electric bill, mobile bill or policy number I’m paying and avoids double payment. To know how, follow this link.

Caveat, this is not a paid post and I’m in no way affiliated with Philam Life. But, should you have further questions or comments or would like to know more, hit me up with a comment and I’ll answer them to the best of my ability.

The Philippine Bureau of Treasury has raised over P70 Billion from its latest tranche (RTB 19) of 3-year fixed Retail Treasury Bond (BTr) offering last March 28, 2017.

The BTr has a fixed coupon rate of 4.25% per annum, at a face value of P5000 per bond. A rate that's considerably higher compared to the last tranch (RTB 18), which was 3.50% fixed for 10yrs.

Retail treasury bonds are open to the public and is a good way of introducing the average Juan dela Cruz to the world of investing. It's considered to be very low risked, and can be treated the same as a time deposit.

The public can get the bonds from 17 different banks tapped by the Bureau of Treasury, between the public offer period of March 28 to April 06, 2017.

For those interested, simply contact your bank agent provided in the list. You'll be required to sign up some forms, and have the invested amount on your bank account for debiting.

Every quarter, the interest would be credited direct to your bank account, until the bond matures. At such time, the total amount invested would credited to your bank account. Take note that the interest is subject to a 20% final withholding tax; which is the same as any deposit account that earns interest.

To know more about Retail Treasury bonds, visit their site here.

Not familiar with BTrs investing? Here are some of the best blogs regarding this simple investing tool.

Think Pesos
Security Bank
Isensey

Photo credit: Philippine Bureau of Treasury

Wilcon Depot (WLCON), a known construction material retailer in the Philippines is set for an Initial Public Offering (IPO) at the Philippine Stock Exchange (PSE) this March. The very 1st for the local bourse this year.

The IPO price is set at P5.05 per share, which is on the low end of the IPO price range that the company submitted to PSE. Up to 1.39 billion shares are to be listed, with the P7.03 billion proceeds to be used in doubling the companies stores from the current 37 to 65 in the next five years.

The offer period will run from March 20 to 24, with the listing happening on March 31.

To know more visit PSE.

Photo Owned by: Wilcon

I've visited BPI Family with the intent of opening an account for Casita del Rose. It would make tracking of finances that much easier if I can separate the expenses for the unit, as compared to our household expense.

Ms. Janice of BPI Family Noveleta was nice enough to explain the different ATM account that they have.

The BPI Pamana Savings account caught my attention. Getting an insurance is a wise move, but with all the bills, getting that insurance takes a back seat.

The account comes with a free Term Life Insurance worth 3x the account balance is provided by BPI-Philam. No premiums nor check ups needed.

It is similar to your typical savings account that earns interest upon reaching and maintaining a certain monthly balance. There's an ATM or Passbook option and you can even open a US Dollar Pamana account.

To open an account, simply go to any BPI or BPI Family bank account and bring the following:

Government ID

Proof of billing (address must be the same with your ID)

1x1 ID picture

Opening balance is as low as Php 5,000 for a BPI Family ATM and Php 25,000 for BPI Island ATM account. For a full listing of deposit rates and maintaining balance, visit BPI.