July 23, 2018, 3:12 pm
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1 Philippine Peso = 0.06891 UAE Dirham
1 Philippine Peso = 1.99812 Albanian Lek
1 Philippine Peso = 0.03452 Neth Antilles Guilder
1 Philippine Peso = 0.51726 Argentine Peso
1 Philippine Peso = 0.02526 Australian Dollar
1 Philippine Peso = 0.0334 Aruba Florin
1 Philippine Peso = 0.03752 Barbados Dollar
1 Philippine Peso = 1.57017 Bangladesh Taka
1 Philippine Peso = 0.03144 Bulgarian Lev
1 Philippine Peso = 0.00709 Bahraini Dinar
1 Philippine Peso = 32.85141 Burundi Franc
1 Philippine Peso = 0.01876 Bermuda Dollar
1 Philippine Peso = 0.02546 Brunei Dollar
1 Philippine Peso = 0.12871 Bolivian Boliviano
1 Philippine Peso = 0.07076 Brazilian Real
1 Philippine Peso = 0.01876 Bahamian Dollar
1 Philippine Peso = 1.29362 Bhutan Ngultrum
1 Philippine Peso = 0.19433 Botswana Pula
1 Philippine Peso = 375.60976 Belarus Ruble
1 Philippine Peso = 0.03748 Belize Dollar
1 Philippine Peso = 0.02466 Canadian Dollar
1 Philippine Peso = 0.01861 Swiss Franc
1 Philippine Peso = 12.39231 Chilean Peso
1 Philippine Peso = 0.12694 Chinese Yuan
1 Philippine Peso = 53.79925 Colombian Peso
1 Philippine Peso = 10.56379 Costa Rica Colon
1 Philippine Peso = 0.01876 Cuban Peso
1 Philippine Peso = 1.76454 Cape Verde Escudo
1 Philippine Peso = 0.41373 Czech Koruna
1 Philippine Peso = 3.33021 Djibouti Franc
1 Philippine Peso = 0.11925 Danish Krone
1 Philippine Peso = 0.92946 Dominican Peso
1 Philippine Peso = 2.2063 Algerian Dinar
1 Philippine Peso = 0.2502 Estonian Kroon
1 Philippine Peso = 0.3349 Egyptian Pound
1 Philippine Peso = 0.51238 Ethiopian Birr
1 Philippine Peso = 0.01599 Euro
1 Philippine Peso = 0.03929 Fiji Dollar
1 Philippine Peso = 0.01427 Falkland Islands Pound
1 Philippine Peso = 0.0143 British Pound
1 Philippine Peso = 0.08965 Ghanaian Cedi
1 Philippine Peso = 0.8925 Gambian Dalasi
1 Philippine Peso = 169.1182 Guinea Franc
1 Philippine Peso = 0.14047 Guatemala Quetzal
1 Philippine Peso = 3.89268 Guyana Dollar
1 Philippine Peso = 0.14725 Hong Kong Dollar
1 Philippine Peso = 0.44908 Honduras Lempira
1 Philippine Peso = 0.11833 Croatian Kuna
1 Philippine Peso = 1.26435 Haiti Gourde
1 Philippine Peso = 5.20544 Hungarian Forint
1 Philippine Peso = 271.57598 Indonesian Rupiah
1 Philippine Peso = 0.06798 Israeli Shekel
1 Philippine Peso = 1.28997 Indian Rupee
1 Philippine Peso = 22.32645 Iraqi Dinar
1 Philippine Peso = 817.63602 Iran Rial
1 Philippine Peso = 1.99062 Iceland Krona
1 Philippine Peso = 2.44371 Jamaican Dollar
1 Philippine Peso = 0.01329 Jordanian Dinar
1 Philippine Peso = 2.09036 Japanese Yen
1 Philippine Peso = 1.88462 Kenyan Shilling
1 Philippine Peso = 1.27979 Kyrgyzstan Som
1 Philippine Peso = 75.96623 Cambodia Riel
1 Philippine Peso = 7.86454 Comoros Franc
1 Philippine Peso = 16.88555 North Korean Won
1 Philippine Peso = 21.13321 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.01538 Cayman Islands Dollar
1 Philippine Peso = 6.50019 Kazakhstan Tenge
1 Philippine Peso = 157.69231 Lao Kip
1 Philippine Peso = 28.24578 Lebanese Pound
1 Philippine Peso = 2.99906 Sri Lanka Rupee
1 Philippine Peso = 2.82176 Liberian Dollar
1 Philippine Peso = 0.25122 Lesotho Loti
1 Philippine Peso = 0.0572 Lithuanian Lita
1 Philippine Peso = 0.01164 Latvian Lat
1 Philippine Peso = 0.02582 Libyan Dinar
1 Philippine Peso = 0.17712 Moroccan Dirham
1 Philippine Peso = 0.31191 Moldovan Leu
1 Philippine Peso = 0.98124 Macedonian Denar
1 Philippine Peso = 27.07317 Myanmar Kyat
1 Philippine Peso = 45.94747 Mongolian Tugrik
1 Philippine Peso = 0.15166 Macau Pataca
1 Philippine Peso = 6.66041 Mauritania Ougulya
1 Philippine Peso = 0.64259 Mauritius Rupee
1 Philippine Peso = 0.29212 Maldives Rufiyaa
1 Philippine Peso = 13.38537 Malawi Kwacha
1 Philippine Peso = 0.35681 Mexican Peso
1 Philippine Peso = 0.07617 Malaysian Ringgit
1 Philippine Peso = 0.25131 Namibian Dollar
1 Philippine Peso = 6.73546 Nigerian Naira
1 Philippine Peso = 0.58799 Nicaragua Cordoba
1 Philippine Peso = 0.1534 Norwegian Krone
1 Philippine Peso = 2.06473 Nepalese Rupee
1 Philippine Peso = 0.02754 New Zealand Dollar
1 Philippine Peso = 0.00721 Omani Rial
1 Philippine Peso = 0.01876 Panama Balboa
1 Philippine Peso = 0.06142 Peruvian Nuevo Sol
1 Philippine Peso = 0.06111 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.40338 Pakistani Rupee
1 Philippine Peso = 0.06911 Polish Zloty
1 Philippine Peso = 107.46904 Paraguayan Guarani
1 Philippine Peso = 0.06831 Qatar Rial
1 Philippine Peso = 0.07438 Romanian New Leu
1 Philippine Peso = 1.1907 Russian Rouble
1 Philippine Peso = 16.006 Rwanda Franc
1 Philippine Peso = 0.07036 Saudi Arabian Riyal
1 Philippine Peso = 0.14815 Solomon Islands Dollar
1 Philippine Peso = 0.25182 Seychelles Rupee
1 Philippine Peso = 0.33678 Sudanese Pound
1 Philippine Peso = 0.16626 Swedish Krona
1 Philippine Peso = 0.02554 Singapore Dollar
1 Philippine Peso = 0.01428 St Helena Pound
1 Philippine Peso = 0.41662 Slovak Koruna
1 Philippine Peso = 157.41088 Sierra Leone Leone
1 Philippine Peso = 10.69418 Somali Shilling
1 Philippine Peso = 392.12008 Sao Tome Dobra
1 Philippine Peso = 0.16417 El Salvador Colon
1 Philippine Peso = 9.66191 Syrian Pound
1 Philippine Peso = 0.25104 Swaziland Lilageni
1 Philippine Peso = 0.62495 Thai Baht
1 Philippine Peso = 0.04951 Tunisian Dinar
1 Philippine Peso = 0.0442 Tongan paʻanga
1 Philippine Peso = 0.0899 Turkish Lira
1 Philippine Peso = 0.12621 Trinidad Tobago Dollar
1 Philippine Peso = 0.57388 Taiwan Dollar
1 Philippine Peso = 42.58912 Tanzanian Shilling
1 Philippine Peso = 0.49568 Ukraine Hryvnia
1 Philippine Peso = 70.09381 Ugandan Shilling
1 Philippine Peso = 0.01876 United States Dollar
1 Philippine Peso = 0.58555 Uruguayan New Peso
1 Philippine Peso = 145.53471 Uzbekistan Sum
1 Philippine Peso = 2245.77861 Venezuelan Bolivar
1 Philippine Peso = 432.49531 Vietnam Dong
1 Philippine Peso = 2.06942 Vanuatu Vatu
1 Philippine Peso = 0.04922 Samoa Tala
1 Philippine Peso = 10.49099 CFA Franc (BEAC)
1 Philippine Peso = 0.05066 East Caribbean Dollar
1 Philippine Peso = 10.49099 CFA Franc (BCEAO)
1 Philippine Peso = 1.90938 Pacific Franc
1 Philippine Peso = 4.68762 Yemen Riyal
1 Philippine Peso = 0.25122 South African Rand
1 Philippine Peso = 97.36398 Zambian Kwacha
1 Philippine Peso = 6.78987 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!
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