August 17, 2017, 4:52 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07443 UAE Dirham
1 Philippine Peso = 2.4017 Albanian Lek
1 Philippine Peso = 0.03628 Neth Antilles Guilder
1 Philippine Peso = 0.32436 Argentine Peso
1 Philippine Peso = 0.02723 Australian Dollar
1 Philippine Peso = 0.03626 Aruba Florin
1 Philippine Peso = 0.04054 Barbados Dollar
1 Philippine Peso = 1.63579 Bangladesh Taka
1 Philippine Peso = 0.03534 Bulgarian Lev
1 Philippine Peso = 0.00763 Bahraini Dinar
1 Philippine Peso = 34.60377 Burundi Franc
1 Philippine Peso = 0.02027 Bermuda Dollar
1 Philippine Peso = 0.02797 Brunei Dollar
1 Philippine Peso = 0.13904 Bolivian Boliviano
1 Philippine Peso = 0.06579 Brazilian Real
1 Philippine Peso = 0.02027 Bahamian Dollar
1 Philippine Peso = 1.30624 Bhutan Ngultrum
1 Philippine Peso = 0.20692 Botswana Pula
1 Philippine Peso = 405.75598 Belarus Ruble
1 Philippine Peso = 0.04049 Belize Dollar
1 Philippine Peso = 0.02733 Canadian Dollar
1 Philippine Peso = 0.01952 Swiss Franc
1 Philippine Peso = 13.57175 Chilean Peso
1 Philippine Peso = 0.13799 Chinese Yuan
1 Philippine Peso = 58.59343 Colombian Peso
1 Philippine Peso = 11.43535 Costa Rica Colon
1 Philippine Peso = 0.02027 Cuban Peso
1 Philippine Peso = 1.98075 Cape Verde Escudo
1 Philippine Peso = 0.47231 Czech Koruna
1 Philippine Peso = 3.59951 Djibouti Franc
1 Philippine Peso = 0.13357 Danish Krone
1 Philippine Peso = 0.95278 Dominican Peso
1 Philippine Peso = 2.19181 Algerian Dinar
1 Philippine Peso = 0.28109 Estonian Kroon
1 Philippine Peso = 0.36583 Egyptian Pound
1 Philippine Peso = 0.46433 Ethiopian Birr
1 Philippine Peso = 0.01797 Euro
1 Philippine Peso = 0.04244 Fiji Dollar
1 Philippine Peso = 0.01573 Falkland Islands Pound
1 Philippine Peso = 0.01572 British Pound
1 Philippine Peso = 0.08685 Ghanaian Cedi
1 Philippine Peso = 0.91021 Gambian Dalasi
1 Philippine Peso = 182.75233 Guinea Franc
1 Philippine Peso = 0.1491 Guatemala Quetzal
1 Philippine Peso = 4.14512 Guyana Dollar
1 Philippine Peso = 0.15784 Hong Kong Dollar
1 Philippine Peso = 0.47422 Honduras Lempira
1 Philippine Peso = 0.13229 Croatian Kuna
1 Philippine Peso = 1.24625 Haiti Gourde
1 Philippine Peso = 5.54195 Hungarian Forint
1 Philippine Peso = 269.57844 Indonesian Rupiah
1 Philippine Peso = 0.07211 Israeli Shekel
1 Philippine Peso = 1.30521 Indian Rupee
1 Philippine Peso = 23.93595 Iraqi Dinar
1 Philippine Peso = 657.62059 Iran Rial
1 Philippine Peso = 1.9771 Iceland Krona
1 Philippine Peso = 2.6139 Jamaican Dollar
1 Philippine Peso = 0.01433 Jordanian Dinar
1 Philippine Peso = 2.23666 Japanese Yen
1 Philippine Peso = 2.0906 Kenyan Shilling
1 Philippine Peso = 1.38113 Kyrgyzstan Som
1 Philippine Peso = 81.57681 Cambodia Riel
1 Philippine Peso = 9.12404 Comoros Franc
1 Philippine Peso = 18.24078 North Korean Won
1 Philippine Peso = 22.6366 Korean Won
1 Philippine Peso = 0.00614 Kuwaiti Dinar
1 Philippine Peso = 0.01662 Cayman Islands Dollar
1 Philippine Peso = 6.364 Kazakhstan Tenge
1 Philippine Peso = 166.08836 Lao Kip
1 Philippine Peso = 30.51277 Lebanese Pound
1 Philippine Peso = 3.08877 Sri Lanka Rupee
1 Philippine Peso = 1.84435 Liberian Dollar
1 Philippine Peso = 0.25922 Lesotho Loti
1 Philippine Peso = 0.06179 Lithuanian Lita
1 Philippine Peso = 0.01258 Latvian Lat
1 Philippine Peso = 0.02821 Libyan Dinar
1 Philippine Peso = 0.19642 Moroccan Dirham
1 Philippine Peso = 0.36735 Moldovan Leu
1 Philippine Peso = 1.09972 Macedonian Denar
1 Philippine Peso = 27.52331 Myanmar Kyat
1 Philippine Peso = 48.27726 Mongolian Tugrik
1 Philippine Peso = 0.16258 Macau Pataca
1 Philippine Peso = 7.25578 Mauritania Ougulya
1 Philippine Peso = 0.70024 Mauritius Rupee
1 Philippine Peso = 0.31394 Maldives Rufiyaa
1 Philippine Peso = 14.54094 Malawi Kwacha
1 Philippine Peso = 0.37863 Mexican Peso
1 Philippine Peso = 0.08672 Malaysian Ringgit
1 Philippine Peso = 0.2604 Namibian Dollar
1 Philippine Peso = 6.52615 Nigerian Naira
1 Philippine Peso = 0.59972 Nicaragua Cordoba
1 Philippine Peso = 0.17055 Norwegian Krone
1 Philippine Peso = 2.08654 Nepalese Rupee
1 Philippine Peso = 0.02835 New Zealand Dollar
1 Philippine Peso = 0.00779 Omani Rial
1 Philippine Peso = 0.02027 Panama Balboa
1 Philippine Peso = 0.06622 Peruvian Nuevo Sol
1 Philippine Peso = 0.06654 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.11897 Pakistani Rupee
1 Philippine Peso = 0.0753 Polish Zloty
1 Philippine Peso = 112.82935 Paraguayan Guarani
1 Philippine Peso = 0.0738 Qatar Rial
1 Philippine Peso = 0.08196 Romanian New Leu
1 Philippine Peso = 1.14766 Russian Rouble
1 Philippine Peso = 16.61897 Rwanda Franc
1 Philippine Peso = 0.076 Saudi Arabian Riyal
1 Philippine Peso = 0.16004 Solomon Islands Dollar
1 Philippine Peso = 0.26836 Seychelles Rupee
1 Philippine Peso = 0.13498 Sudanese Pound
1 Philippine Peso = 0.17451 Swedish Krona
1 Philippine Peso = 0.02797 Singapore Dollar
1 Philippine Peso = 0.01573 St Helena Pound
1 Philippine Peso = 0.45006 Slovak Koruna
1 Philippine Peso = 152.00649 Sierra Leone Leone
1 Philippine Peso = 11.08634 Somali Shilling
1 Philippine Peso = 435.85326 Sao Tome Dobra
1 Philippine Peso = 0.17678 El Salvador Colon
1 Philippine Peso = 10.43737 Syrian Pound
1 Philippine Peso = 0.26014 Swaziland Lilageni
1 Philippine Peso = 0.6897 Thai Baht
1 Philippine Peso = 0.04917 Tunisian Dinar
1 Philippine Peso = 0.04647 Tongan paʻanga
1 Philippine Peso = 0.0711 Turkish Lira
1 Philippine Peso = 0.13537 Trinidad Tobago Dollar
1 Philippine Peso = 0.61011 Taiwan Dollar
1 Philippine Peso = 45.17633 Tanzanian Shilling
1 Philippine Peso = 0.53223 Ukraine Hryvnia
1 Philippine Peso = 72.78071 Ugandan Shilling
1 Philippine Peso = 0.02027 United States Dollar
1 Philippine Peso = 0.57377 Uruguayan New Peso
1 Philippine Peso = 77.82732 Uzbekistan Sum
1 Philippine Peso = 0.20216 Venezuelan Bolivar
1 Philippine Peso = 459.54601 Vietnam Dong
1 Philippine Peso = 2.18241 Vanuatu Vatu
1 Philippine Peso = 0.05201 Samoa Tala
1 Philippine Peso = 11.77483 CFA Franc (BEAC)
1 Philippine Peso = 0.05472 East Caribbean Dollar
1 Philippine Peso = 11.82205 CFA Franc (BCEAO)
1 Philippine Peso = 2.13174 Pacific Franc
1 Philippine Peso = 5.06546 Yemen Riyal
1 Philippine Peso = 0.25921 South African Rand
1 Philippine Peso = 105.17835 Zambian Kwacha
1 Philippine Peso = 7.33482 Zimbabwe dollar

Freedom from Debt!

My husband and I have always been averse to borrowing, even when we were newly married. The only two times I remember that we got anything through financing was when we got our first ref and our first car. 

The ref was our own decision. The car was not -- it was supposed to be the gift of my father-in-law to us. But he passed away early, so we ended up having to pay for a car loan that we didn’t get ourselves. (No bitterness here! Just laying down the facts.) 

Well, just to show you how allergic we were (and still are) to having debts -- the minute we had enough money to pay for that car loan, we paid it in full, two years before it was due. BPI was kinda shocked. I guess people rarely do that. Maybe even now. All the cars we got after that, we paid for in cash -- unless they were company cars and personal cars that were part of our employment package. One company gave my husband two cars immediately  upon hiring him, but he chose to amortize only one of them, on very soft terms. The other car, he used as a company car which he returned when he resigned to start his own business. Never bite off more than you can chew. Especially when it comes to debts. 

We had to make sacrifices while we weren’t that liquid yet -- like not traveling abroad for vacations, not buying new things that weren’t necessary, not buying new furniture, gadgets, devices, appliances, etc. -- but we didn’t mind. What was important to us was that we were DEBT-FREE! 

Tell me -- what’s the sense in showing off stuff that’s all utang anyway? That was our perspective. And we passed this on to our kids. That’s why our children are highly allergic to debts, too. 

We use credit cards for convenience (so we don’t carry too much cash around) -- not to stretch our income. We pay our credit card bills in full. No deferred payments. That’s our hard and fast rule. 

When we built our houses, we were practically debt-free, too. The loans we took out were so small that we didn’t even feel the monthly amortizations. They were soft loans that we easily paid off in five years or so -- and we earned more than we spent in amortizations by having the houses and apartments we built rented out. 

Our third house, the one we’re living in now in Antipolo, we built without even taking out a loan! Hallelujah. We were in our early 30s then. Every month, we’d get funds from our businesses, until our house was finished. In nine months, my husband finished building “Hotel Antipolo” (what our kids fondly call our house, now that they’re married). Absolutely no debts on the third house we built. Thank God for that! 

We believe it’s all right to get loans for things that appreciate, like real estate and housing loans, as long as you can EASILY pay your monthly amortizations. Cars depreciate the minute you drive them out of the dealer’s building. So taking out a steep car loan is often not a good financial decision. Why not get a second hand car that’s more affordable? One of our sons-in-law drove around in a second hand car for years, even if his co-managers were driving around in their new vehicles. He waited until he could afford a dressed-up, brand new SUV. And now he’s so happy that he waited! 

What’s foolhardy (I actually want to use the word “stupid”) is if you take out such a big loan, or several loans at the same time, that you’re in a panic every time the bills come. And then, of course, fights erupt between couples who have to make ends meet. Everything else gets affected. Especially when an unexpected need arises, like someone in the family getting sick or hospitalized. On top of their mounting  debts. 

Some of my friends have actually split up, and some almost split up, because of the financial strain they put themselves into. Most of the couples we’ve counseled fought over MONEY and DEBTS, more than infidelity or personality differences. 

If you’re in debt, it’s terribly  irresponsible to go on expensive vacations, or take out more loans, or buy more things through financing, or rent a house that’s expensive just because it’s big, or it has a nice address. You’re just sinking deeper and deeper into debt every time you spend for anything that’s not a need. 

If you’re debt-free, you’ll be surprised how soundly you’ll sleep at night. How unimpressed and content you’ll be even if people strut their stuff -- because you know that many of them are in debt while you’re not! Why, they owe someone the very next spoonful they put into their mouths! That’s how a friend of mine vividly described her sister who was deep in debt. 

If you’re in debt right now, do all you can to get out of it -- fast. Don’t make borrowing your way of life. Borrowing can be addictive. Borrowing gives you a false sense of wealth. It fools you into thinking that you have more money than you actually do.  

Finally, the best reason to be debt-free is this: you’re free to go anywhere God wants you to, anytime He wants you to. Many people cannot obey God completely and immediately because they’re tied down by debts. And they miss out on God’s perfect plans for them. 

No wonder the Bible says, “Owe no man anything but to love one another...” Romans 13:8. One of my favorites. 

Don’t be a prisoner of debt!
Rating: 
No votes yet

Column of the Day

Is this your month?

By BERNARD KARGANILLA | August 17,2017
‘August of every year has been declared History Month” in order to emphasize the most significant turning points in Philippine history.’

Opinion of the Day

War or peace with China (2)

By NESTOR MATA | August 17, 2017
‘Are the United States and China more concerned on how to avoid an armed conflict .with each other?’