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Time Value of Money: How to Determine the Value of Money with Respect to Time

Money received today is more valuable than the same amount of money a year from now. It is essential to understand the relation between mone...

How Inflation Affects You

Inflation affects all of us. It affects income, expenses and how we manage our investments. Unless your country is experiencing hyper inflation or high inflation, most of us won't notice its effect immediately. Normal inflation rate is between 3%-5% per year and hyper inflation is inflation rate higher than 50%.  It is important to understand how inflation affects us since inflation affects the purchasing power of our money. The number of items you can purchase for One hundred peso today won't be the same ten years from now.
Historical Philippine Inflation Rate

Inflation according to investopedia "the rate at which the general prices of goods and services is rising, and, subsequently, purchasing power is falling. It is important to understand how inflation works since the purchasing power of your money today won’t be the same in the future.

Should You Rent or Buy a House?

Renting or buying a house both have their benefits and drawbacks. One may be more suitable for you than the other depending on your needs and situation. For you to make a sound decision, a lot of factors should be taken into consideration. Besides comparing the monthly amortization to the monthly rent, you should also consider other circumstances such as convenience, location, length of stay, lifestyle, and maintenance cost.
Rent or Buy a House