From 2008 to 2010, official estimates show that Filipinos will need almost two million new homes for families that are either currently renting, living with their parents, or are just about to start a family. Many will most likely be bought through bank financing.

For those who are in been-there-done-that mode, you probably know how easily a dream home can turn into a nightmare. Johnny Noe Ravalo today tackles several issues that most homebuyers find out only after the move.

Do you build the home yourself, hoping to find a hassle-free contractor, or go for a house ready for its new occupants?
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One of the hardest, if not THE most difficult thing to do in improving personal finances, is not learning the math nor finding out how to boost investment returns. It’s adjusting one’s lifestyle to suit one’s income.

There’s difficulty on both sides of the table – when the income is rising or when it’s shrinking. When Dad gets a big jump in salary, he thinks of getting a faster car. When mom gets a big break in her home business, she thinks of getting a new condo.

What happens when the global economic slump hits Dad’s company or mom’s big break unexpectedly turns into a big heartbreak? The kids are not the only ones that find it very hard to get used to a smaller house and a less funky ride.
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All these talk about Meralco and the high cost of electricity has made me wonder what the average Filipino household’s power bill looks like.

To make the comparison fair, why don’t we divide our electricity bill with the number of persons living in the house, including babies. I think the little darlings consume a bigger amount of electricity compared with the average person (need for airconditioning etc.)

For April, I paid P805.88 per person.

How does that compare with yours?
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How do you prepare yourself for a loved one’s death?

Not exactly a peachy thought on a MoneySmart Monday, I know. But as they say, there’s no going around death and taxes. And while it may be easy to prepare for the loss of a loved one financially, the emotional part is something else again. Can you attache a peso sign to that?

This story from MoneySense about a widow’s journey from tragedy to triumph is worth the few minutes it will take to go through it from start to finish.
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a. SM/Hypermarket
b. Landmark
c. Rustan’s
d. Puregold
e. Shopwise
f. Ever Gotesco
g. Cherry Foodarama
h. Metro Gaisano
i. Robinson’s
j. Metro Stop
k. Santis
l. Waltermart
m. Makro
n. PriceSmart

(Photo courtesy of Michelle Morelos)

With a global food crisis hanging over our heads, should we say goodbye to ‘good eats’?

Here are some tips from MoneySmart friends for enjoying good food even with low budgets:

1. Skip the fruit shakes, juices and signature concoctions! Super mom Kitts Luna-Vibar points out that these drinks cost as much as one dish. And don’t go bottomless if you don’t drink that much!

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1. Too busy to check the lowest or highest shelves.

Heinz Bulos, editor-in-chief of MoneySense magazine, says the most expensive items in the grocery are mostly at eye level. If you want to find bargains, you have to stoop down or look up. “This may not be true all the time, but I did find that it was true in some of the grocery stores I went to,” Heinz says.

We had a good laugh at the fact that I’m only all of 4 feet and 9 inches.

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I love my adobo with rice, but a friend once showed me how to eat it with bread.

Hmmm. Ok, maybe I will if there’s no alternative. But I still would rather have hot, steaming rice.

The Philippines has been eating rice for centuries. Changing an entire nation’s eating habits won’t be easy. But as former socioeconomic planning secretary and UP professor Felipe Medalla pointed out to me a few weeks ago half-jokingly, if Filipinos won’t eat too much rice, there will be no shortage!

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(File photo from AFP)

a) Who has the big muscles? Of course, it should be the husband. The wife should stay home with the kids.
b) Do you live in the middle ages? Women can and should have equal rights to work outside the home. Brawn is no longer the world’s currency. Brain is.
c) Husband: There are no opportunities for me out there. Wifey has the upper hand in the labor market. I can stay home and take care of the kids.
d) Wife: I want to work but I am kept home against my will.
e) We are having the time of our lives. We are in business together.
f) Should this be an issue at all?

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(Photo from Agence France-Presse)

We hardly think about the few mouthfuls of rice left on our plate. Taken together, this daily rice wastage average 15 grams per head, or 1,280 tons per day and cost Filipinos P23 million. Did I say “daily”?!

Mind-boggling.

These are official figures from the Food and Nutrition Research Institute (FNRI), the principal research arm of the government on food and nutrition, that I caught this morning from the television show “Mornings on ANC”.
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