THE PERILS OF A PUBLIC SCHOOL TEACHER!

Education may perhaps be the oldest and noblest profession in Man’s history. It has been credited for the evolution of civilization that has shaped humanity to the elite position that it is now. However, despite this prestige Public School Teachers are beset by a mounting dilemma: soaring, uncontrollable DEBT! 

Yes, this is the sad fact faced by our beloved mentors. Despite their decent salaries, their take home pay has a negative correlation to their length of service. Why is this so? Well perhaps the issue isn’t very far from the problems of typical Filipino household; wrong financial management. 

IS SAVING MONEY REALLY WISE?

With the surging commodity prices and shrinking income, life is getting tougher even for middle income earners. Despite the much acclaimed record-breaking Gross Domestic Product (GDP) growth of the Philippines, things remained difficult for the average Filipino. Nowadays, it is never enough to keep a savings account to safeguard one self from financial troubles, nor it is prudent to simply save money to get rich. 

Any financially literate lad would never recommend stockpiling your cash on Savings Accounts or Time Deposits. This is for the simple reason that Bank interest rates on these funds are way below the average inflation rate  of the Philippines. Put it simply, the value of our money depreciates with time as commodity prices constantly increase. Thus we need to find financial instruments that beat the inflation rate.