December 18, 2017, 8:37 pm
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1 Philippine Peso = 0.07288 UAE Dirham
1 Philippine Peso = 2.24593 Albanian Lek
1 Philippine Peso = 0.03533 Neth Antilles Guilder
1 Philippine Peso = 0.34712 Argentine Peso
1 Philippine Peso = 0.02593 Australian Dollar
1 Philippine Peso = 0.03533 Aruba Florin
1 Philippine Peso = 0.0397 Barbados Dollar
1 Philippine Peso = 1.63815 Bangladesh Taka
1 Philippine Peso = 0.03288 Bulgarian Lev
1 Philippine Peso = 0.00748 Bahraini Dinar
1 Philippine Peso = 34.75546 Burundi Franc
1 Philippine Peso = 0.01985 Bermuda Dollar
1 Philippine Peso = 0.02675 Brunei Dollar
1 Philippine Peso = 0.13617 Bolivian Boliviano
1 Philippine Peso = 0.06539 Brazilian Real
1 Philippine Peso = 0.01985 Bahamian Dollar
1 Philippine Peso = 1.2763 Bhutan Ngultrum
1 Philippine Peso = 0.20411 Botswana Pula
1 Philippine Peso = 397.3799 Belarus Ruble
1 Philippine Peso = 0.03965 Belize Dollar
1 Philippine Peso = 0.02552 Canadian Dollar
1 Philippine Peso = 0.01965 Swiss Franc
1 Philippine Peso = 12.62406 Chilean Peso
1 Philippine Peso = 0.13118 Chinese Yuan
1 Philippine Peso = 59.40849 Colombian Peso
1 Philippine Peso = 11.184 Costa Rica Colon
1 Philippine Peso = 0.01985 Cuban Peso
1 Philippine Peso = 1.86245 Cape Verde Escudo
1 Philippine Peso = 0.43364 Czech Koruna
1 Philippine Peso = 3.50992 Djibouti Franc
1 Philippine Peso = 0.12575 Danish Krone
1 Philippine Peso = 0.94204 Dominican Peso
1 Philippine Peso = 2.28011 Algerian Dinar
1 Philippine Peso = 0.26427 Estonian Kroon
1 Philippine Peso = 0.35252 Egyptian Pound
1 Philippine Peso = 0.5391 Ethiopian Birr
1 Philippine Peso = 0.01689 Euro
1 Philippine Peso = 0.04119 Fiji Dollar
1 Philippine Peso = 0.01488 Falkland Islands Pound
1 Philippine Peso = 0.0149 British Pound
1 Philippine Peso = 0.08949 Ghanaian Cedi
1 Philippine Peso = 0.93628 Gambian Dalasi
1 Philippine Peso = 177.61016 Guinea Franc
1 Philippine Peso = 0.14561 Guatemala Quetzal
1 Philippine Peso = 4.01171 Guyana Dollar
1 Philippine Peso = 0.15502 Hong Kong Dollar
1 Philippine Peso = 0.46602 Honduras Lempira
1 Philippine Peso = 0.12717 Croatian Kuna
1 Philippine Peso = 1.24851 Haiti Gourde
1 Philippine Peso = 5.30468 Hungarian Forint
1 Philippine Peso = 269.45216 Indonesian Rupiah
1 Philippine Peso = 0.0697 Israeli Shekel
1 Philippine Peso = 1.27173 Indian Rupee
1 Philippine Peso = 23.50139 Iraqi Dinar
1 Philippine Peso = 706.60975 Iran Rial
1 Philippine Peso = 2.09111 Iceland Krona
1 Philippine Peso = 2.47122 Jamaican Dollar
1 Philippine Peso = 0.01404 Jordanian Dinar
1 Philippine Peso = 2.23456 Japanese Yen
1 Philippine Peso = 2.04347 Kenyan Shilling
1 Philippine Peso = 1.38392 Kyrgyzstan Som
1 Philippine Peso = 79.89281 Cambodia Riel
1 Philippine Peso = 8.1582 Comoros Franc
1 Philippine Peso = 17.86423 North Korean Won
1 Philippine Peso = 21.58495 Korean Won
1 Philippine Peso = 0.00599 Kuwaiti Dinar
1 Philippine Peso = 0.01628 Cayman Islands Dollar
1 Philippine Peso = 6.65919 Kazakhstan Tenge
1 Philippine Peso = 164.78761 Lao Kip
1 Philippine Peso = 29.88289 Lebanese Pound
1 Philippine Peso = 3.0389 Sri Lanka Rupee
1 Philippine Peso = 2.48432 Liberian Dollar
1 Philippine Peso = 0.26141 Lesotho Loti
1 Philippine Peso = 0.06051 Lithuanian Lita
1 Philippine Peso = 0.01232 Latvian Lat
1 Philippine Peso = 0.02704 Libyan Dinar
1 Philippine Peso = 0.1878 Moroccan Dirham
1 Philippine Peso = 0.33869 Moldovan Leu
1 Philippine Peso = 1.03414 Macedonian Denar
1 Philippine Peso = 27.03454 Myanmar Kyat
1 Philippine Peso = 48.15403 Mongolian Tugrik
1 Philippine Peso = 0.15967 Macau Pataca
1 Philippine Peso = 6.9869 Mauritania Ougulya
1 Philippine Peso = 0.67209 Mauritius Rupee
1 Philippine Peso = 0.30905 Maldives Rufiyaa
1 Philippine Peso = 14.16276 Malawi Kwacha
1 Philippine Peso = 0.37963 Mexican Peso
1 Philippine Peso = 0.08094 Malaysian Ringgit
1 Philippine Peso = 0.2608 Namibian Dollar
1 Philippine Peso = 7.10599 Nigerian Naira
1 Philippine Peso = 0.60838 Nicaragua Cordoba
1 Philippine Peso = 0.16635 Norwegian Krone
1 Philippine Peso = 2.03573 Nepalese Rupee
1 Philippine Peso = 0.02839 New Zealand Dollar
1 Philippine Peso = 0.00762 Omani Rial
1 Philippine Peso = 0.01985 Panama Balboa
1 Philippine Peso = 0.06535 Peruvian Nuevo Sol
1 Philippine Peso = 0.06434 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.17745 Pakistani Rupee
1 Philippine Peso = 0.07099 Polish Zloty
1 Philippine Peso = 111.57205 Paraguayan Guarani
1 Philippine Peso = 0.07225 Qatar Rial
1 Philippine Peso = 0.07797 Romanian New Leu
1 Philippine Peso = 1.1679 Russian Rouble
1 Philippine Peso = 16.58892 Rwanda Franc
1 Philippine Peso = 0.07443 Saudi Arabian Riyal
1 Philippine Peso = 0.15358 Solomon Islands Dollar
1 Philippine Peso = 0.26852 Seychelles Rupee
1 Philippine Peso = 0.13219 Sudanese Pound
1 Philippine Peso = 0.16899 Swedish Krona
1 Philippine Peso = 0.02675 Singapore Dollar
1 Philippine Peso = 0.01489 St Helena Pound
1 Philippine Peso = 0.44077 Slovak Koruna
1 Philippine Peso = 151.44898 Sierra Leone Leone
1 Philippine Peso = 11.09567 Somali Shilling
1 Philippine Peso = 413.80507 Sao Tome Dobra
1 Philippine Peso = 0.17368 El Salvador Colon
1 Philippine Peso = 10.22191 Syrian Pound
1 Philippine Peso = 0.26054 Swaziland Lilageni
1 Philippine Peso = 0.6449 Thai Baht
1 Philippine Peso = 0.04961 Tunisian Dinar
1 Philippine Peso = 0.04557 Tongan paʻanga
1 Philippine Peso = 0.07666 Turkish Lira
1 Philippine Peso = 0.13159 Trinidad Tobago Dollar
1 Philippine Peso = 0.5944 Taiwan Dollar
1 Philippine Peso = 44.30329 Tanzanian Shilling
1 Philippine Peso = 0.54875 Ukraine Hryvnia
1 Philippine Peso = 71.55617 Ugandan Shilling
1 Philippine Peso = 0.01985 United States Dollar
1 Philippine Peso = 0.57046 Uruguayan New Peso
1 Philippine Peso = 160.57959 Uzbekistan Sum
1 Philippine Peso = 0.198 Venezuelan Bolivar
1 Philippine Peso = 450.55577 Vietnam Dong
1 Philippine Peso = 2.09845 Vanuatu Vatu
1 Philippine Peso = 0.05144 Samoa Tala
1 Philippine Peso = 11.07165 CFA Franc (BEAC)
1 Philippine Peso = 0.05359 East Caribbean Dollar
1 Philippine Peso = 11.49782 CFA Franc (BCEAO)
1 Philippine Peso = 2.00337 Pacific Franc
1 Philippine Peso = 4.96129 Yemen Riyal
1 Philippine Peso = 0.26079 South African Rand
1 Philippine Peso = 103.00714 Zambian Kwacha
1 Philippine Peso = 7.18341 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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