JoyRide is a pioneering superapp native to the Philippines, offering various ride-hailing and delivery solutions. Its roots started as a Motorcycle Taxi (MC Taxi) provider and slowly added a wide range of transportation services such as:

  • MC Delivery (Motorcycle for Delivery)
  • Car (Passenger Service)
  • Car (Sedan / MPV / SUV) for Delivery
  • Van / L300 for Delivery
  • Light Truck for Delivery
  • Taxi Cab 

JoyRide operates 24/7 in various locations in the Philippines. Their services are available only in Metro Manila, Laguna, Bulacan, Cavite, Rizal, Baguio City, and Cebu. However, they plan to expand soon to Ilocos Norte and Pampanga. 

If you want to be a JoyRide driver, this blog post will walk you through the application process, requirements, and vehicle specifications that you must know before you begin your application. 

JoyRide Rates and Driver Earnings

These are the current rates for JoyRide transportation services and the potential earnings of drivers. 

Transportation ServiceRate from the AppAssumption Potential Earning
Joyride Motorcycle TaxiPHP 50 for the first 2 km;
Additional PHP 10 up to 7km;
Additional PHP 10 for 8 km and above
10 customers every day with one day break per weekPHP 26,000
Joyride MC DeliveryPHP 100 for 5 km10 customers every day with one day break per weekPHP 26,000
JoyRide Car
(Passenger Service)
PHP 253 for 5 km10 customers every day with one day break per weekPHP 32,980
JoyRide Car
(Sedan / MPV / SUV) for Delivery
PHP 1,530 for 35 km4 customers every day with one day break per weekPHP 36,720
JoyRide Van / L300 /
Light Truck for Delivery
PHP 3,420 for 35 km4 customers every day with two days break per weekPHP 68,400
TaxiPHP 40 flag down rate;
Additional PHP 13.5 per km;
Additional PHP 2 per minute (waiting fee)
10 customers every day with one day break per weekPHP 34,970

JoyRide Rates and Driver Earnings

These are the current rates for JoyRide transportation services and the potential earnings of drivers. 

Sample Earnings Computation

Rider of JoyRide Motorcycle taxi

If you have an average of 10 customers every day with a distance of 5 km per trip, you’ll earn up to PHP 26,000 every month (average of 26 days with a 1-day break every week).

1,000 daily income = {PHP 50 + (PHP 10 x 5 km)} x 10 customers

26,000 Php Monthly Income = 1,000 Php x 26 days

Driver of JoyRide Taxi Cab

If you have an average of 10 customers every day with a distance of 7 km per trip, you’ll earn up to PHP 34,970 every month (average of 26 days with 1 day break every week).

1,345 daily income = {PHP 40 + (PHP 13.5 x 7 km)} x 10 customers

34,970 Php Monthly Income = 1,345 Php x 26 days

JoyRide’s rates vary depending on your location. You can check the fees from your pick-up area to your intended drop-off point on the JoyRide app. You can download the app through Google Play for Android users and Apple App Store for iPhone users.

How to Apply as a JoyRide Driver Partner?

To start your JoyRide Driver Partner application, you must submit a pre-registration form first.

JoyRide pre-registration

There are separate application forms for two-wheel and four-wheel vehicles for different locations.

2W MC Taxi & Delivery

These are the links you can use to make applications easier if you are a Manila or Cebu resident interested in becoming a JoyRide driver. 

4W Delivery

Interested applicants from Cebu and Manila who want to be 4W delivery drivers can apply through this link.

4W – Car (Passenger Service)

If you have a car that passes JoyRide’s vehicle model standards, use these links to apply if you are living in Manila and Cebu.

In addition, JoyRide is authorized by the LTFRB to process TNVS CPC (Certificate of Public Convenience) for vehicles that will be operating under them. Drivers cannot use their vehicles for ride-hailing services unless they have the CPC showing that they are registered with the LTFRB. 

If you have a car model that qualifies for TNVS use but doesn’t have a CPC yet, accomplish the TNVS Application Assistance for JoyRide Car and let JoyRide assist you. 

Another JoyRide program helps aspiring drivers who don’t have a car yet by assisting them in getting special Toyota Financing for a Joyride Car. Apply for Toyota Special Financing for JoyRide Car now.

Taxi Cab

This is the pre-registration link for those who want to register their taxi cab under Joyride.

JoyRide Driver Requirements

These are the JoyRide Application Requirements. We recommend that you have these documents ready before applying for speedy approval. 

Motorcycle Taxi (2W)

Driver RequirementsVehicle RequirementsOther Requirements
20 to 55 years oldVehicle to be used: 

Any brand of motorcycle; Not older than 7 years; 110 to 160cc Piston Displacement: 
Android Phone version 8.0 and up
Fit to Work Medical Certificate (if Driver is 50 years old and up)Vehicle OR/CRJoyRide Driver App (New)
Professional Driver’s LicenseVehicle Photos (Front, Side, Back)GCash or Maya Account for Topup
NBI ClearanceIf the vehicle is borrowed or rented:

Valid Government ID of Registered Owner with 3 Specimen Signature; Authorization Letter
Maya Account for Cash Out
Police or Brgy. ClearanceIf the vehicle is second-hand:

Valid Government ID of Registered Owner with 3 Specimen Signature; Notarized Deed of Sale
Telegram App
If the vehicle is repossessed:

Deed of Assumption from Dealer (Notarized Deed of Sale); Repo Sales Form or Repo Certificate
Cash for Initial Topup

JoyRide Car (4W)

Driver RequirementsVehicle RequirementsOther Requirements
18 to 70 years oldVehicle OR/CR or Sales InvoiceAndroid Phone version 8.0 and up
Fit to Work Medical Certificate (If Driver is 60 years old and up)Vehicle Photos (Front, Side, Back)JoyRide Driver App (New)
Professional Driver’s LicenseIf being managed by an operator:

Valid Government ID of Registered Owner with 3 Specimen Signature; Authorization Letter from Registered Owner
GCash or Maya App for Topup
NBI ClearanceIf the vehicle is borrowed or rented:

Valid Government ID of Registered Owner with 3 Specimen Signature; Authorization Letter from Registered Owner

If the registered owner will not be present during onboarding, please bring a SPECIAL POWER OF ATTORNEY (SPA) instead of Authorization Letter. 

The SPA should be notarized with a dry seal and with the following vehicle details: Plate Number, Chassis Number, Engine Number. 

Sample SPA Template:
Maya Account for Cash Out
Police or Barangay ClearanceProvisional Authority (PA) or Certificate of Public Convenience (CPC)Telegram App
Passenger Insurance (PAMI or SCCI)Cash for Initial Topup
Comprehensive Insurance

JoyRide TaxiCab (4W)

Driver RequirementsVehicle RequirementsOther Requirements
18 to 70 years oldVehicle OR/CRAndroid Phone version 8.0 and up
Fit to Work Medical Certificate
(if Driver is 60 years old and up)
Vehicle Photos (Front, Side, Back)JoyRide Driver App (New)
Professional Driver’s LicenseLTFRB IDGCash or Maya Account for Topup
NBI ClearanceMaya Account for Cash Out
Police or Barangay ClearanceTelegram App
Cash for Initial Topup

JoyRide Driver Registration

To start your onboarding process, you must register using this form.

Step 1: Fill out the form.

JoyRide onboarding registration

Step 2: Check all the transportation services you are interested in operating and whether you can work full-time or part-time:

JoyRide preferred service and time allocation

Step 3. Input your personal information and upload a photo following their instructions:

JoyRide personal information

Step 4. Upload a photo following their instructions

JoyRide profile photo upload

Step 5. Provide your driver’s license details and upload a picture of your license:

JoyRide driver's license

Step 6. Upload your COVID Vaccine Card, NBI and Barangay Clearance, and input your emergency contact:

JoyRide COVID card, NBI or Police clearance, and emergency contact uploading

Step 7. Provide the following information about your vehicle:

Vehicle Details

  • Plate Number
  • Brand
  • Model
  • Year Model
  • Chassis Number
  • Engine Number
  • Transmission (Manual or Automatic)
  • Ownership (Owned, Borrowed/Rented, Second-hand, Repossessed)

Vehicle Documents

  • Official Receipt (OR) or Sales Invoice
  • Vehicle Certificate of Registration (CR)
  • Front, side, and back pictures of the car

Step 8. Provide your government IDs

JoyRide government ID

Step 9. For applicants 50 to 55 years old, JoyRide requires a Fit to Work Certificate

JoyRide Fit to Work certificate uploading


Magkano ang registration fee sa JoyRide?

The registration for JoyRide 4W vehicle costs PHP 14,000. While the 2W registration expenses start at PHP 5,000.

Pwede ba and part-time sa JoyRide?

Yes, part-time driver-partners are accepted.

Mayroon bang training sa JoyRide?

There is a training where your driving skills are assessed with and without a passenger.

Can I join JoyRide PH without SSS number?

Yes, the SSS number is not listed in their requirements. Providing this during the onboarding registration is optional.

Is JoyRide available 24 hours?

JoyRide operates 24 hours a day, 7 days a week, in various cities, serving commuters in Metro Manila, Rizal, Bulacan, Cavite, Laguna, Cebu, and Baguio City.

Pwede ba ang walk-in application sa JoyRide?

Applicants who want to do a walk-in application can visit their offices. Check their office addresses here.

How many riders does JoyRide have?

As of April 2023, JoyRide has 19,500 riders.

Is the toll fee included in JoyRide?

Toll fees are paid separately by the passenger. 

With temperatures getting hotter and hotter in the Philippines, Filipinos are often looking for ways to escape the heat. 

One increasingly popular solution? Cold brew coffee. This refreshing alternative to hot coffee has surged in demand, presenting an opportunity for entrepreneurs eager to explore the world of beverage businesses. 

In this guide, we’ll share eight essential steps to help you kickstart your cold brew coffee business.

1. Determine how you will sell coffee 

The first thing that comes into one’s mind for selling coffee is to put up a cafe. Starting a cafe requires significant capital investment and entails considerable risk. Beyond the charm of serving coffee in a cozy ambiance lies the reality of hefty initial expenditures. From securing a suitable location and acquiring commercial-grade equipment to hiring trained baristas and marketing your brand, the costs can quickly escalate. 

Unlike before, you don’t need a brick-and-mortar store to sell cold-brew coffee. Coffee startups have expanded into several types to make it easier for beginners to start their cold-brew coffee business. You have the option to use a vehicle (coffee truck), sell via weekly pop-ups, or do a cloud cafe. 

Coffee Truck or Coffee Jeep

Going mobile means you’ll have to spend for a customized truck or coffee jeep if you don’t have a readily available car. A cheaper option would be using second-hand or repossessed cars because it will lessen the initial expenses involved. 

Pop-up Coffee Shop

The Coffee Crates, a pop-up coffee shop
The Coffee Crates, a pop-up coffee shop

A pop-up coffee shop offers versatility and affordability when launching a coffee business. Unlike traditional coffee shops, this type of store doesn’t have a fixed location. Instead, it operates in various areas with high foot traffic, such as fairs, festivals, and train and bus stations, providing ample opportunities for engagement with potential customers.

Cloud Kitchen

A cloud kitchen, also known as a “ghost kitchen” or “virtual kitchen,” is a professional cooking space where food businesses can make meals specifically for delivery and takeout. Unlike regular restaurants, cloud kitchens don’t have dine-in areas. Instead, they focus solely on preparing food to be delivered or picked up. In the Philippines, these kitchens often partner with GrabFood or Foodpanda.

2. Find a Location

However you want to sell your coffee, having a good business location is essential. So the next step is to scout for a location that will help your brand become more visible and accessible to buyers. Here are some considerations in selecting a location for your coffee business. 

Heavy foot traffic 

Whether you are putting up a traditional coffee shop or a coffee truck, you need a spot with high foot traffic to make your coffee accessible to buyers. Examples of high foot traffic areas are near public parks, markets, and community spaces. Target places where most people pass by. 

Operating schedule 

Match your operating schedule when most people look for coffee. People often buy coffee for a morning boost, which is at around 9 am. In the afternoon, between 1 pm and 5 pm, when cortisol levels naturally dip, you could expect more people dropping by into your cafe or coffee jeep.

Delivery services 

If you decided to start a cloud kitchen, it would be easier to have a location because you can operate even in your place of residence. Despite this convenience, you also need to consider your proximity to your target customers. Shipping to places that would take 1 hour to 2 hours of delivery time might charge customers higher delivery fees and force them to wait longer. These factors typically discourage customers from placing an order.

3. Choose what type of coffee bean you will use

Arabica Beans

These beans, making up around 60% of the world’s coffee, grow in high areas with steady rain. They’re popular for their lively taste and acidity, sometimes with complex flavors and scents.

Robusta Beans

Second in popularity to Arabica, Robusta plants are tough and can grow in various altitudes, even lowlands like those in Southern Tagalog in the Philippines. They contain more caffeine than Arabica but offer a smooth taste, especially enjoyable with cream and sugar.

Liberica Beans

Also known as Kapeng Barako locally, Liberica is less common now but played a big role historically when coffee rust hit the industry. It has a strong, chocolaty, and smoky flavor, with spicy undertones that some might find overpowering.

Excelsa Beans

Only 7% of the world’s coffee is Excelsa, grown mostly in Southeast Asia, including the Philippines. Often used in blends for added complexity, Excelsa offers a tart and fruity flavor with hints of mild roast and smokiness, appealing to coffee lovers worldwide.

4. Decide your menu offerings

il mio coffee menu
Menu of il mio coffee

Espresso, steamed milk, and froth are the key ingredients in many coffee drinks, with various types available at your mobile shop. Additional toppings can be added based on your customers’ preferences. Here are some examples:


A popular choice, requiring slightly over 1 ounce of concentrated coffee.

Double Espresso (Doppio)

A highly concentrated beverage suitable for coffee enthusiasts.


Made by diluting one shot of espresso with three ounces of hot water, often enjoyed as a breakfast beverage.


Espresso “marked” with a dash of steamed milk, creating a distinct flavor.


A rich coffee beverage with thick foam, often enjoyed for breakfast and associated with comfort and indulgence.

Cafe Latte

A milder coffee drink with added milk to reduce acidity and bitterness, sometimes sweetened with flavored syrups.


Combines coffee with hot chocolate, offering a creamy taste with the addition of cocoa powder or syrup to balance the espresso’s acidity.

5. Work on your branding

Starting a cold-brew coffee business requires careful consideration, especially in a saturated market. One crucial aspect is the design of your cold-brew coffee container, as it can significantly impact consumer choice. Factors such as color, shape, and lid closure should be thoughtfully considered to make your product stand out on the shelves. 

Additionally, crafting an eye-catching logo and memorable tagline can help create brand recognition and attract customers. Ensuring consistency across all marketing materials is crucial for building brand identity. If the creative process feels overwhelming, seeking professional help for design and creative services can ensure a polished brand image. 

6. Calculate your starting capital

The first 5 steps we mentioned are important because they will determine the initial amount of money you need to prepare to start a cold brew coffee business. 

This entails estimating the initial expenses required to launch your business. Factors to consider include:

  1. Equipment costs (such as coffee brewing equipment, storage containers, and vehicles for mobile operations)
  2. Ingredient costs (coffee beans, milk, flavorings)
  3. Marketing expenses (branding, advertising, website development)
  4. Licensing and permits
  5. Utility costs
  6. Manpower costs

7. Build partnerships with trusted suppliers

Many coffee bean producers who are not yet popular in the market provide reasonably-priced high-quality beans. Once you’ve started your cold brew business, take time to join weekend markets because this is where you will most likely meet them. By establishing relationships with these suppliers, you can ensure a steady and consistent quality of beans at a lower cost.

8. Prepare to be a jack-of-all-trades

As a startup owner, you’ll need to wear many hats and handle various responsibilities, even before launching your product. This includes making decisions about your brand’s image and ensuring the quality of your products. From bottling your cold brew to getting it into the marketplace, there will be a lot to manage. 

Your vision should include strategies for managing the company’s growth. Whether you’re starting small or aiming for expansion, it’s crucial to set clear goals from the outset. 

Key Takeaway

The demand for cold brew coffee presents a promising opportunity for entrepreneurs, but success depends on thorough preparation and execution. By following the eight essential steps outlined in this guide, aspiring cold brew coffee business owners can launch their venture.

From determining the sales approach and selecting the right coffee beans to crafting a compelling menu and establishing a strong brand identity, each step plays a crucial role in laying the foundation for success. Additionally, calculating the starting capital and building partnerships with trusted suppliers are vital aspects that contribute to the business’s sustainability and growth.

As a startup owner, it’s essential to be prepared to handle multiple responsibilities and make informed decisions to ensure the business’s success. By staying organized, setting clear goals, and remaining adaptable to market trends and consumer preferences, entrepreneurs can position their cold brew coffee business for long-term viability and profitability.

From generation to generation, Filipinos have always been urged to save. The concept of ‘kapag may isunusuksok, may madudukot’ shows how money is valued in our culture. As financial literacy was slowly introduced to the Philippines, Filipinos looked for smarter ways to save, the most popular concept being ‘let your money earn for you.’

The need for banks that ‘made your money earn’ gave rise to digital banks. BSP wants at least 70% Filipinos to have their bank account, which they can’t easily have because of too many bank requirements including valid ID. Because of this motivation from BSP, Filipinos are also encouraged to save and help manage their finances better. 

If saving is your number one priority this year, save this blog post discussing the best digital banks in the Philippines with high-interest rates. 

RCBC Diskartech

RCBC Diskartech savings

Launched in July 1, 2020, RCBC Diskartech is RCBC’s multi-lingual financial inclusion that can be used in Tagalog or Cebuano languages and is the first of its kind in the Philippines. 

Interest RateFull Basic and Community Basic Deposit Accounts both offer 6.5% annual interest
Perks Includes TeleKonsulta and Telemedicine plan for budget-friendly consultations and medicines.
New Account RequirementsOne valid ID (options are provided in their app)Active mobile numberSelfie verificationPersonal info
PromosThey offer cashback options when shopping in Shopee, Lazada, or Zalora. 
Unlimited Telekonsulta credits for a 50-peso monthly subscription
Other promos change monthly so it’s best to always check their website.
How to DownloadAvailable in Google Play Store Apple App Store


CIMB virtual card

CIMB Group Holdings Berhad is a bank from Malaysia that operates in fast-growing economies in the ASEAN region.

CIMB Bank Philippines Inc. is a significant milestone for CIMB as it expands its presence across ASEAN. Established in December 2018 and based in Bonifacio Global City, CIMB Philippines offers a fully digital banking experience. Account opening takes only 10 minutes through the mobile app. They offer competitive interest rates for savings accounts, no transaction fees, no initial deposit, or minimum balance requirements. 

Interest RateUpSave accounts offer an annual interest rate of 2.5%.
GSave accounts provide an annual interest rate of 2.6%.
Time Deposit accounts holding ₱10,000 for six months earn a 6.5% annual interest rate.
Time Deposit accounts holding ₱10,000 for 12 months earn a 7.0% annual interest rate.
Time Deposit accounts holding ₱10,000 for 24 months earn a 7.5% annual interest rate.
Perks Complimentary virtual debit card.No charges for transactions between CIMB and other banks.
New Account RequirementsGCash user needs to have a verified account.
For UpSave, you’ll need to provide your mobile number, one valid ID, and personal details
PromosPromos change monthly so it’s best to always check their website.
How to DownloadAvailable in Google Play Store, Huawei App Gallery, and  Apple App Store

GOTyme Bank

GoTyme card

GoTyme Bank is a collaboration between Tyme, a digital banking group operating in multiple countries, and members of the Gokongwei Group, including Robinsons Bank, Robinsons Land Corporation, and Robinsons Retail Holdings, Inc. In January 2024, BPI acquired 20 percent of GoTyme as part of its merger with Robinsons Bank Corp. However, due to significant overlap in and similarity of product offerings between BPI and GoType, BPI divested its 15-percent stake in Gokongwei-backed GoTyme Bank Corp., which is still subject to BSP’s approval.

Accessing their services starts with an easy account opening process via GoTyme Bank that takes less than 5 minutes to open an account using a free app or by getting a free personalized Visa ATM Debit card from kiosks manned by Bank Ambassadors in Robinsons Retail locations across the country.

Interest RateGoSave accounts earn 4% annually
Perks Visa and BancNet supported free debit cardNo fees for withdrawing or depositing at Robinson-affiliated stores.No withdrawal fees at Robinson Bank ATMs.
New Account RequirementsPhilippine-issued IDMobile numberPersonal details
PromosPromos change monthly so it’s best to always check their website.
How to DownloadAvailable in Google Play Store and  Apple App Store

UnionDigital Bank

UBEH (Union Digital Bank)

UnionDigital Bank is a licensed digital bank authorized by the BSP, operating as a subsidiary of UnionBank of the Philippines and affiliated with the Aboitiz Group. It is also called the UBEH Bank because of its violet color scheme that is associated with the famous Filipino root crop, ube. 

Interest RateSavings Accounts earn 4% annually.UD Time Deposit Accounts earn 6.75% annually.
Perks No transfer fees for PESONet transactions to other banks and e-wallets.
New Account RequirementsOne valid IDMobile numberPersonal details
PromosPromos change monthly so it’s best to always check their website.
How to DownloadAvailable in Google Play Store, Huawei App Gallery and  Apple App Store

Maya Bank

Maya Bank is the online banking division of Voyager Innovations, a top technology company in the Philippines. Together with Voyager’s fintech arm, Maya Philippines, they’re building Maya, the country’s sole comprehensive digital financial services platform.

As a groundbreaking digital bank, Maya Bank is reshaping the financial landscape for Filipino consumers and small businesses by offering innovative and practical financial solutions, including savings, deposits, and credit services through the Maya platform.

Interest RatePersonal Goals Accounts: Earn 4% interest per year.Savings Accounts: Enjoy a 10% annual interest rate.Business Deposit Accounts: Get a 2.5% yearly interest rate.Time Deposit Accounts: Earn 6% interest per year.
Perks No cash-in fee from Maya Wallet to Maya Bank.
New Account RequirementsOne valid IDMobile numberSelfie verificationPersonal details
PromosPromos change monthly so it’s best to always check their website.
How to DownloadAvailable in Google Play Store, Huawei App Gallery and  Apple App Store


UNO Digital Bank is the first full-spectrum digital bank in Southeast Asia licensed by the Bangko Sentral ng Pilipinas. It’s among the six digital banks authorized by the BSP. Deposits in UNO Digital Bank are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to P500,000 per depositor.

Interest RateUNOReady Account offers an annual interest rate of 4.25%.UNOBoost Time Deposit Account and UNOEarn Time Deposit Account both provide an annual interest rate of 6.5%.Note: GCash’s GSave can be linked to the UNO App, offering the same interest rates.
Perks Receive a complimentary Mastercard virtual card.No transaction fees at over 7,500 partner outlets.
New Account RequirementsOne valid IDMobile numberPersonal details
PromosPromos change monthly so it’s best to always check their website.
How to DownloadAvailable in Google Play Store and Apple App Store.


Seabank savings

SeaBank Philippines, Inc. (A Rural Bank) is affiliated with Sea Limited (NYSE: SE), a worldwide consumer internet firm established and based in Singapore, listed on the New York Stock Exchange. SeaBank Philippines Inc. (A Rural Bank) operates under the regulation of the Bangko Sentral ng Pilipinas. Deposits in SeaBank Philippines are insured by the PDIC for up to P500,000 per depositor.

Interest Rate350,000 – below (4.5% per annum)350,000 – above (3.0% per annum)
Perks Transfer funds for free to SeaBank accounts.Enjoy free transfers via InstaPay and PESONet.Interest is credited daily.
New Account RequirementsOne valid IDMobile numberPersonal details
PromosPromos change monthly so it’s best to always check their website.
How to DownloadAvailable in Google Play Store, Huawei App Gallery and  Apple App Store

Key Takeaway

With the increasing popularity of digital banking in the Philippines, numerous options are available to cater to various financial needs. Among the leading digital banks offering competitive interest rates and convenient features are RCBC Diskartech, CIMB, GoTyme Bank, UnionDigital Bank, Maya Bank, UNO Digital Bank, and SeaBank Philippines, Inc. 

Each of these digital banks provides unique perks, such as free virtual cards, no transaction fees, and high interest rates on savings and time deposit accounts. 

With simple requirements for opening an account and easy access through mobile apps, these digital banks offer Filipinos efficient and accessible banking solutions. Exploring these options and choosing the one that best fits your financial goals and preferences is essential.

When mentioned in conversations among Filipinos, cryptocurrency is a controversial topic. It is often associated with scams and illegal activities. Is it really illegal, though?

This blog aims to explain cryptocurrency in the simplest way possible, making it a helpful guide for curious Filipinos who want to explore cryptocurrency. 

Ano Ang Ibig Sabihin ng Cryptocurrency?

Cryptocurrency, sometimes called virtual currency (VC)  is a digital form of money. It has no physical form like paper bills or coins. Unlike traditional money, it is not stored in banks but rather in an online database that every user can access. Since it is not produced or regulated by the bank, cryptocurrency is not controlled by the central government – making crypto a decentralized currency. It can be saved, sent, or used as payment.

What Is the First Cryptocurrency?


Bitcoin is the first modern cryptocurrency that was invented. In 2009, during a severe economic recession, the worst since World War 2, Satoshi Nakamoto unveiled a groundbreaking white paper titled “Bitcoin – A Peer-to-Peer Electronic Cash System.” 

This document introduced Bitcoin as a digital asset and a method for global money transfers. Furthermore, Nakamoto established the first secure blockchain network, a technology still used today for various cryptocurrencies.

As a result, Nakamoto not only invented Bitcoin but also established the security measures for Blockchain. He aimed to give the public access to money and reduce financial inequalities. Starting as a simple storage, blockchain now serves as the confirmation medium for transactions, ensuring the reliability of Bitcoin and other cryptocurrencies for widespread use.

Crypto Adoption in the World

Cryptocurrency has been continuously growing in other countries like Vietnam, Brazil, United States, China, and India. These are the top 5 countries with the highest number of cryptocurrency-owning citizens. 

In Vietnam, 70% of the country’s digital currency investors are between 17 to 34 years old. While in Brazil, around 26 million citizens invest in these digital currencies. The United States ranks third with 15.56% percent of its population, aged 18 to 34 years old virtual currency holders. The second highest is China with 59 million crypto owners and India ranks first with 1.42 billion crypto enthusiasts.  

How Does Cryptocurrency Work?

Cryptocurrency transactions work like sending messages through a special digital network. When someone wants to send cryptocurrency, they send a message to the whole network with details like who they’re sending it to, how much, and when.

Imagine your friend wants to send some cryptocurrency to you. She starts by sending a message to the network with all the details. But her message doesn’t get processed instantly. Instead, it joins a bunch of other messages, forming what’s called a “block.” This block contains a bunch of recent transactions.

Now comes the interesting part. Miners, who are like digital detectives, race to solve a puzzle based on the information in the block. Whoever solves it first gets to add the block to the blockchain, which is like a digital ledger that records all transactions.

Once a miner solves the puzzle, everyone else in the network checks to make sure the solution is correct. If it is, the new block gets added to the end of the blockchain, and your friend’s transaction is officially confirmed.

However, this confirmation isn’t instant. It takes a bit of time for the network to process about six blocks of transactions to make sure everything is legitimate. But once that’s done, your friend can be sure her transaction went through successfully.

Types of Cryptocurrencies

Bitcoin (BTC)

Bitcoin is the first and most famous cryptocurrency, invented in 2009. People often think of it as “digital gold” because it’s a popular choice for long-term investment. Many stores and websites accept Bitcoin as payment, making it widely used for buying things online and offline.

Ethereum (ETH)

Ethereum, created in 2015, is the second-largest cryptocurrency. Unlike Bitcoin, it’s designed for more than just payments. Ethereum allows developers to build apps called smart contracts, which run on its blockchain. These contracts can do things like run games or manage financial transactions without any chance of fraud.

Tether (USDT)

Tether is a stablecoin tied to the value of the US dollar. It’s the third-largest cryptocurrency and is commonly used to stabilize the prices of other cryptocurrencies. When the market is volatile, investors often switch to Tether to protect their investments and keep the market stable.


USD Coin, created by Circle and Coinbase, is another stablecoin tied to the US dollar. It’s backed 1:1 with real dollars and is available on Coinbase, a popular cryptocurrency exchange. Like Tether, it helps stabilize the prices of other cryptocurrencies.


BNB is the native token of Binance, a major cryptocurrency platform. It’s used to pay for transaction fees on Binance, often at a discount compared to other currencies. BNB can also be used to buy other cryptocurrencies on the Binance platform.

Features of Cryptocurrency


Unlike traditional currency, Bitcoin and other cryptocurrencies can be processed and verified by an independent and transparent network that belongs to no single person.

Highly Secure

Cryptocurrencies have high levels of security thanks to encryption codes and public cryptographic systems. Each owner possesses a private key. The cryptographic algorithms generating these keys use many number combinations that are virtually impossible to crack. Hence, users can confidently use cryptocurrencies without concerns about hackers.

Users can stay anonymous

Scams have many forms and have become more sophisticated with technology and AI – people can now edit faces and imitate voices! Cryptocurrency owners can protect themselves because they don’t need to share sensitive information. All crypto transactions are dependent on a sequence of characters and not on the person or company using them. 


Fiat currency, the bills and coins that people use like the Philippine peso, US dollar or Euro gets its value from people believing it and the government backing it. When prices rise due to inflation, it erodes the purchasing power of that currency. 

Cryptocurrency is deflationary because its production has already a determined limit. Once the maximum supply has been reached, the production stops. 

Is Cryptocurrency Legal in the Philippines?

Yes, cryptocurrency is quasi-legal in the Philippines meaning they are neither fully accepted nor completely banned. Crypto transactions are legal but they are not recognized by the Bangko Sentral ng Pilipinas (BSP) as legal tender since they are not the issuing or regulatory body. 

BSP’s rules about virtual currencies (VCs) state that VCs aren’t like regular money because they’re not backed by a government or anything valuable like gold. However, because people use VCs to send money and make payments, businesses that provide services using VCs need to register with the BSP. They also have to take steps to lower the risks involved with using VCs. If a business dealing with VCs doesn’t follow these rules, it can face penalties from the BSP.

Is Cryptocurrency Taxable in the Philippines?

Yes, cryptocurrency is taxable in the Philippines, with the primary form of taxation being implemented as capital gains tax (CGT). CGT can go as high as 15%, but it will vary depending on the sales generated from exchanging or purchasing cryptocurrencies.

Additionally, Filipinos whose crypto trades are meant for reselling after a short time, their assets will be classified as inventory. Consequently, it will possibly be subjected to value-added tax (VAT), which is 12%, once it reaches the required threshold.

Key Takeaway

Cryptocurrency represents a mindset shift in the concept of money, offering Filipinos an alternative financial ecosystem that is decentralized, secure, and potentially transformative. 

Despite initial misconceptions and regulatory challenges, the global rise of cryptocurrencies like Bitcoin emphasizes their increasing acceptance and usefulness. By understanding the fundamentals of cryptocurrency, Filipinos can explore virtual currencies with confidence, potentially unlocking new opportunities for financial inclusion and empowerment. 

As the world embraces this digital revolution, Filipinos must stay informed and proactive in exploring the possibilities that cryptocurrencies offer for their financial futures.

Barbecue, BBQ or ihaw-ihaw. Despite its many names, BBQ is an all-time Filipino favorite viand perfect with an ice-cold glass of Coca-Cola. Its versatility is another reason for its popularity – it’s also a tasty afternoon snack.

If you are an avid ihaw-ihaw fan and want to turn your passion for BBQ into an income-generating venture, our guide will give you tips on how to start an ihaw-ihaw business. 

1. Starting Capital Computation

One good thing about ihaw-ihaw business is that you can start selling on a small scale. If your house is located in an area where many people pass by, you can start your barbecue business by opening a stall just outside your gate. 

Consider preparing the following if you want to start your business in a home-based set-up:

  • Two to three tables with chairs 
  • Rectangular plastic containers for your food items
  • Lightbulb if you plan to sell until nighttime. 

These can be gathered from around your house and don’t need to be additional expenses to your starting capital.

Here’s a sample computation of how much you’ll need to begin your ihaw-ihaw business.

Stainless steel barbecue grill – 3,500 to 5,000 pesos

Meat and Innards – 3,000 pesos

Marinade ingredients – 1,000 pesos

Coal – 300 to 350 pesos per sack 

Packaging – 500 pesos

Cooking Equipment – 500 pesos

With 10,000 pesos you will be able to open a home-based ihaw-ihaw business. Consider adding rice and soft drinks to your menu if you plan to accommodate indoor diners later on. 

2. Write Your BBQ Business Plan

We don’t know how often you’ve heard this, but this principle applies to business – failing to plan is planning to fail. Write your business plan before you purchase any equipment or ingredients. Your business plan does not need to be sophisticated as it is the starting point for all your business ideas. 

These are some questions that your business plans should answer:

  1. What is your menu?
  2. Where will you get the funds?
  3. How much is your total budget? How much can you allocate for the following?
    • Equipment
    • Ingredient
    • Packaging
    • Other supplies
  4. Where will you sell? Will you be renting a commercial space?
  5. What documents, licenses, and permits will you need?
  6. Will you need an assistant or cashier to help you out?
  7. What is your marketing strategy?

These are the basic questions that will help you get started. More questions may arise from this first set. 

3. Decide on Your Unique Selling Point

You can focus on selling pork and chicken intestines or isaw

In every city, there are various establishments selling barbecue. So, how will you stand out from them? What is special about your ihaw-ihaw stand?

One way to distinguish yourself is to decide what kind of barbecue you will serve. Will you focus on chicken meat only? Will you sell a combination of chicken and pork BBQ? Is fish or grilled seafood included in your menu?

To help you identify what food items to include in your menu, you can do a competitor research and compare what ihaw-ihaw products are commonly sold in your area. Some popular menu offerings are pork and chicken meat, pig’s ears, intestines, liver, and other body parts or organs. 

Remember that your unique offerings and menu selections will set you apart from the competition. By carefully considering what types of barbecue you’ll serve and conducting thorough competitor research, you can carve out a niche for yourself in the market. 

4. Look for a Reputable and Reliable Meat Supplier

When running a food business, you need to ensure that the quality of your food is consistently good. One thing that drives away customers is inconsistency. If your food tastes good this week and then tastes different the next, or when your servings gradually decrease, they will not feel inclined to come back. This is why you need to get your meat from a trusted supplier. 

Also, working with only one or two suppliers can help you save in the long run because you will be able to request discounts from them, especially in bulk orders.

5. Invest in Sturdy Grilling Equipment

Before you get tempted to buy those portable grills you see online, remember that the quality is not guaranteed. It is safer and more cost-efficient to invest in a customized stainless barbecue grill. 

Grill price ranges from 3,000 to 5,000 pesos on Facebook Marketplace. You can use Facebook to search for stainless steel specialists near your area.

Essential Equipment for Barbecue Business:

  • Plates 
  • Tongs 
  • Sauce containers 
  • Ladles for the sauces 
  • Take-out packaging (paper bags) 

6. Choose a Prime Location for Your BBQ business

Location is key to the success of your ihaw-ihaw business. Choose a strategic location with high foot traffic, preferably near offices, schools, or residential areas where people often crave a quick and tasty meal. Consider factors such as accessibility, parking availability, and competition in the area. A well-chosen location can significantly boost your sales and visibility.

7. Comply with Documentary Requirements

Before diving into the details of getting permits, it’s important to decide how your food business will be set up. Your choice of business structure will have a big impact on things like taxes, permits, and your responsibilities as the owner.

The most common structure for small businesses is Sole Proprietorship. This is when one person owns the whole business and is responsible for everything. It gives you full control, but also means you’re personally responsible for any problems. To start a Sole Proprietorship, you need to register with the Department of Trade and Industry (DTI) and pick a business name.

Once you’ve figured out your business structure, it’s time to think about getting the right permits and licenses for your ihaw-ihaw business. Here’s an overview of the documents every new food business owner should know about:

  1. DTI Registration: Whether you’re running your business online or in person, registering is a crucial step. Sole Proprietors register their business name with DTI.
  1. Business Permits and Licenses: 
  • Tax Identification Number (TIN) 
  • Mayor’s Permit
  • Barangay Clearance 
  • DTI Business Name Certificate (for Sole Proprietors) 
  • Community Tax Certificate from the City Treasurer’s Office.

You might also need a Sanitary Permit to show your business meets health standards, and if you rent your space, you’ll need a lease agreement.

  1. BIR and SSS Registration: You’ll also need to register with the Bureau of Internal Revenue (BIR) to get your Tax ID Number. If you have a huge capital and have employees, you’ll need to pay the Employer’s Share to make sure that they are covered by SSS benefits. 
  1. Following FDA Rules: If your business involves making or selling food, you need to comply with the regulations set by the Food and Drug Administration (FDA). Check their website for info on licensing and registration.

Key Takeaway

Starting an ihaw-ihaw business can be a lucrative venture for those passionate about grilling and serving delicious barbecue delights. However, success in this endeavor requires careful planning and attention to detail. We hope the essential steps outlined in this guide will help you set yourself up for success as a business owner.

A lot of people nowadays dream to become owners of their own businesses. However, one barrier usually faced by these budding entrepreneurs is the cost of setting this up from the ground. There’s this common misconception that start-ups require people to have a deep pocket but that’s not always the case. There are businesses out there that don’t need a lot of capital. 

Curious about what these are? Read further to familiarize yourself with the best business options that you can build under Php 20,000. 

Option 1: Become a Financial Advisor

Cost: P3,565.00 (Php 1,010 each for the Traditional Exam and Variable Exam and Php 1,545 for the Licensing Fee)


  • Financial Advisor Application Form
  • Exam results from the Insurance Commission
  • TIN
  • Professional Tax Receipt
  • Valid Government ID Photocopy


A financial advisor focuses on guiding people into crafting their long-term financial strategies. They help you with the ins and outs of financial planning – from breaking investment jargon to you to expanding your investment portfolio. Some items that financial advisors assist you with include retirement planning, investments, tax planning, estate planning, health planning, and inheritance. 

Option 2: Establish a Milk Tea Business

Cost: Php 5,000 to Php 15,000


  • Business Permit
  • Stall / Kiosk / Cart / Shop (whichever is applicable)
  • Kitchen Gadgets (e.g. film sealer, electric sealer, milk tea shaker, measuring cups, straws)


It’s undeniable that Filipinos are milk tea lovers! As they say, there’s no right season or time for milk teas as consumers love to drink them any time of the day, all year round. 

What’s good about setting up a milk tea business is there’s a lot of flexibility. For one, it’s your choice if you’ll invest in a room overhaul and place a dining area where customers can hang out or you may just put up a simple cart or stall to target on-the-go drinkers. Another route you can take is to pair these milk tea drinks with merienda and draft a more innovative menu that will tickle the pallets of your customers. The scale and scope of your business will depend on you. 

Option 3: Open a Cleaning Business

Cost: Php 8,000 to Php 10,000


  • Business Permit
  • Cleaning Equipment (sponges, cloth, dustpan and broom set, gloves, vacuum, etc)
  • Cleaning Uniforms for Employees


With how fast-paced the world is moving now, a lot of people prefer passing minuscule tasks to other people. One of these is cleaning. 

Admit it or not, cleaning services are in-demand in the Philippines. Given the 8 to 5 pm workday and traffic situation, most people are already tired when they set foot on their houses. They would rather sleep or hang out with their families and friends on their free days. That’s how clearing services came about. This business requires little investment as you would only be needing the cleaning equipment and a handful of employees as your start. 

There’s an option to scale this as well especially if you enter business-to-business agreements. This covers hotels, restaurants, cafes, small offices, and more. 

Option 4: Set Up an Online Tutoring Business

Cost: Php 2,000 to Php 20,000


  • Computer
  • Headphones
  • Web camera
  • Microphones


In this modern time, learning has become more accessible. Having a tutoring business will enable you to share your knowledge with an increased reach. There are many possibilities for a tutoring business as your services may depend on your expertise or passion. You can be an academic tutor who will supplement their school coverage or a college entrance test tutor who will expose college-seeking students to examinations. There’s also an option to cover arts and teach your audience painting, singing, playing musical instruments, and more. 

Option 5: Start a Writing Agency

Cost: Php 3,000 to 5,000


  • Domain Name and Website
  • Relevant Writing Tools


If you’re a budding writer out there, there’s also an opportunity to grow by building a writing agency. You have two options – get clients and write for their business needs or invest in your website and earn passive income with it. 

If you’re not yet familiar with how to manage your own websites or blogs, it’s better to learn the ropes first by going with the first option. However, if you’re confident with your skills, there’s no problem in leaping to the second option. Just make sure that you’re writing that you’re passionate about to keep you going as you expand your business. If client demands are too much already, feel free to hire other writers that you can take under your wing.

Option 6: Invest in a Piso WiFi Vending Machine

Cost: Php 15,000 to php 20,000


  • Internet Hotspot Device
  • WiFi Vendicng Machine
  • Unlimited Broadband Plan


According to study, Filipinos spend 11 hours on average per day on the internet. Despite this, there are still people who fail to have access and this is where this small business idea can come in. 

A WiFi Vending Machine will enable people to connect to the internet at a limited time. All you have to do is to purchase this equipment and use it as a hotspot source that will charge a fee per minute. It can be as little as Php 1 per 5 minutes but you may also offer “discounted” deals at Php 10 per hour. 

Be Bolder With These Business Ideas! 

Now that we have shown you some of the best options, have you found something that you’re interested in? There’s a big world out there with endless possibilities even with a small capital at hand. Just make sure to study the intricacies of your business, from the target market.

Liston Manok Business

Searching for a career that will cater to your everyday needs while serving others is difficult. There are not enough options that are rewarding internally and externally but one emerging job satisfies both: being a financial advisor. Interested in entering this career path? Here’s a detailed guide on how to be a PRU LIFE UK Financial Advisor.


PRU LIFE UK’s mandate is to be of service in the whole of Asia through its life insurance products. The company has a strong presence in the Philippines due to it being tagged as an insurance provider that offers the most affordable premiums in the market. This led to them being the 2nd insurance company on NBAPE’s list this 2022. 

Aside from its winning ways with customers, PRU LIFE UK also puts a premium on its employees, particularly financial advisors. The company’s performance has been moved forward by the dedication and strength of its people.

What does a PRU LIFE UK Financial Advisor do? 

A PRU LIFE UK Financial Advisor mirrors a critical role in the financial journey of a person. Listed below are its main job descriptions:

  1. Guides in setting up the financial goals of the client through needs-based analysis and one-on-one interviews.
  2. Works with clients in drafting their comprehensive protection package and overall investment strategy anchored on the person’s background, target in life, and current budget.
  3. Covers investment advisory, estate planning services, and other offerings that will help take care of the future generations of the client.
  4. Undergoes policy updates and reviews as critical after-sales services. 
  5. Assist in monetary compensation once the client becomes disabled, gets sick, or dies. 
  6. Continuously prospect new clients, come up with new leads, and onboard partners.

What are the requirements for becoming a PRU LIFE UK Financial Advisor?

Step 1: Attend the Build Your Business (BYB) seminar – Entering the life of a financial advisor is a process. With the help of Build Your Business, PRU LIFE UK will orient you on the intricacies of the job and how you can grow this from corporate work to a business. 

Step 2: Complete the Online and Classroom Training – PRU LIFE UK puts importance on readiness and its training series is its tool to achieve this. There are two legs where your attendance is a must – the online training (which can be taken in the comforts of your home) and the classroom training (which is held in PRU LIFE UK’s headquarters depending on your available schedule). 

Step 3: Take and Pass the Insurance Commission Examination – Keep in mind that every financial advisor has undergone the Insurance Commission Examination. This is made up of two parts – the traditional life insurance and the variable life insurance. Don’t be intimated by this as these topics will be covered in your training (Step 2). 

Step 4: Fulfill All Documentary Requirements – After passing the exam, you’ll have to pass a few papers. Rest assured that the company will guide you as PRU LIFE UK has in-house secretaries that will drive the submission process. 

Benefits of Becoming a PRU LIFE Financial Advisor

  1. Flexible in Time and Place

    Flexibility is one of the most rewarding benefits of having a job. Being a PRU LIFE UK Financial Advisor will allow you to work at your most convenient time in your most convenient place. 

  2. Endless Income Opportunities

    There’s no ceiling on how much you can earn in this position. The more people you lock deals with, the higher your commission would be. PRU LIFE UK is one of the most generous partners out there in terms of commission rates. 

    They also have travel perks, both covering local and international when their agents perform and achieve their stretch targets. There are also monthly promos, such as raffle draws, where eligibility will depend on your monthly sales. 

  3. Service to the People

    Becoming a PRU LIFE UK advisor is a fulfilling job. As individuals who need to pay the rent, this job will definitely help you in that aspect. However, outside this personal aspect, there will always be satisfaction in providing value to your client’s life through your sound financial advice.

PRU LIFE UK Financial Advisor Application

Frequently Asked Questions

Do you need a college degree to become a PRU LIFE UK Financial Advisor?

Yes, the basic qualification of being a PRU LIFE UK Financial Advisor is that you be a college graduate. Another requirement is that you must be of legal age at the start of the process. 

Do we need to shell out money?

The Insurance Commission Examination requires you to pay an examination fee of Php 1,010. The other items though, such as the BYB and the training, won’t require you to shell out money. 

Are you interested in becoming a financial advisor? AXA Philippines is looking for a financial advisor. You can attend a FREE WEBINAR and see if this role is for you. Simply fill up the form below to get started.

Please indicate your mobile number in order to receive the application status
You must be at least 18 years to apply for this job.

In recent years, the idea of an ipon challenge has become more popular, and dare we say, more effective with Filipinos. We’re huge fans of them ourselves here at PesoMatters for two reasons. One, it makes the normally arduous task of setting money aside more fun, making us more inclined to get into it in the first place. Two, it teaches us to be systematic about saving money. Instead of just setting cash aside when we feel like it or slipping a handful of bills under our mattress when convenient, we’re compelled to follow a set of rules, which makes us more likely to stick to the program long enough that we see actual results. If your salary is not enough for you to be able to save, you can start selling any of the best products to sell online in 2023.

To help you get started on your own, here are a few suggestions that you can try this 2023.

The 52-Week Ipon Challenge

What it is: This weekly savings challenge is popular because it allows you to pursue a savings goal at your own pace. You start with a small amount, to get yourself used to the habit of saving, but as you raise the stakes by a fixed increment per week, you’re able to accumulate a decent savings amount by the end of the year.

How it works: On Week 1, set aside a starting amount you’re comfortable with, which will also serve as your weekly increment, say P20. On Week 2, increase the amount you set aside by your weekly increment. So from P20, you now set aside P40. On Week 3, increase P40 by the weekly P20-increment, and set aside P60. Continue on this trajectory, and by the time you reach your 52nd week, you’ll have saved a total of P27,560.

Click here to download an Excel template you can use for your own 52-Week Ipon Challenge.

The Monthly or Bi-Monthly Ipon Challenge

The Monthly or Bi-Monthly Ipon Challenge

What it is: If you like the way the 52-Week Ipon Challenge is set up, but would rather save money on a monthly or bi-monthly basis, you can simply apply the same concept of increments to your chosen time frame.

How it works: Just like before, start with an amount that you’re comfortable with, which will also serve as your monthly increment, say P500. On Month 2, increase your monthly savings by P500, which should give you P1,000. By the end of 12 months, you’ll have saved P39,000.

Click here to download an Excel template you can use for your own Monthly Ipon Challenge.

The Fixed Amount Challenge

What it is: A simpler ipon challenge, this one only requires you to set aside a fixed amount—can be P50 or P100—every day or every week, depending on what you’re more comfortable with.

How it works: Assign an envelope or a piggy bank where you can put your daily or weekly fixed amount every day. If you save P50 per day for an entire year, you’ll save P18,250. If you save P100 per day for an entire year, you’ll save P36,500.

The Sticker Challenge

What it is: Every time the -ber months roll around, it’s become a tradition for Filipinos to line up at their favorite coffee shops to collect stickers in exchange for a planner. We thought, well, why not use that same principle, and apply it to a savings goal instead?

How it works: Choose a savings goal that you want to achieve over the course of two months from our ipon challenge templates. From there, you’ll find that each circle represents a day and the denomination that you need to set aside for that day. Every time you fulfill a goal, put a sticker on the circle, or simply shade it in. Now, it’s up to you how to go about it—you can hit several mini-goals on the same day—as long as you complete everything by the end of the time period. To make it more fun, take on this challenge with your friends, and compare notes by the end of the challenge period.

Here’s the template for both P3,000 and P5,000.

The Envelope Savings Challenge

What it is: This ipon challenge simply requires you to label different envelopes with different denominations and to fill those envelopes at your own pace. When an envelope is full, you deposit the amount into your savings account, and you start all over again.

How it works: While the denominations are entirely your choice, we suggest creating envelopes for all denominations that come in bills: P20, P50, P100, P200, P500, and P1,000. Why? Well, while an envelope stuffed with P20-peso bills may not amount to much, seeing a wad of bills may encourage you to stick to the challenge. After all, how often can you set aside P1,000?

The Swear Jar Savings Challenge

What it is: A swear jar aims to prevent people from swearing by fining them a fixed amount every time they utter a word of profanity. Over time, the jar gets filled with money, while the habit is, ideally, kicked off. This is a principle that can be applied if you have habits that are getting in the way of saving or if you have bad habits that you want to shake off in general. Think of it as killing two birds with one stone. One more thing: While swear jars work because people are held accountable for their actions by witnesses, there’s no reason this can’t work if you’re honest with yourself.

How it works: Decide on a habit that you want to shake off—say, you’ve been doing a lot of online shopping lately, and it’s hurting your finances. To help drop the habit, fine yourself a fixed amount every time you open an e-commerce app or visit an e-commerce website on your browser. Make sure the fine hurts you enough that you’re dissuaded from doing it too often. You can also use this to develop new habits. If you want to wake up earlier every day, say, no later than 7 a.m., fine yourself a fixed amount every day that you wake up later than your goal hour.

Saving is just one part of the wealth generation cycle. Find out more about the role it plays in the overall state of your finances here.


The last few months have forced many of us to take stock of what’s really important in life, not just because of the risks the pandemic poses to our health, but also because we can no longer afford to be frivolous with our money. To help you, we’ve created a series to help you say goodbye to unnecessary expenses and cut down on those that aren’t. Today, we’re listing down tips on how to reduce your electricity bill.

Tip 1: Make the most out of natural light.

If you’re working from home, try to position yourself right by the window where you’re more likely to get a healthy dose of vitamin D. If the weather permits, you might be able to get away with not turning the lights on for four to five hours each day. If your setup doesn’t allow for natural light, however, try to work where the lights need to be switched on anyway like the dining room, or share your workspace with another person.

Tip 2: Unplug your gadgets and appliances when not in use.

This is pretty standard, but most people don’t bother doing it because they don’t think that it’s going to make much of a difference. That may be true if we’re just looking at one category, say, electric fans, but the average household has more than just electric fans. There are laptops, rice cookers, ACs, coffee makers, printers, lamps, and so on and so forth, and each one emits what is called phantom power, the energy that appliances and gadgets consume even when they’re not turned on. According to How Stuff Works, when combined, these can make up around five to 10% of your energy consumption.

Tip 3: Stop mindlessly opening and closing your refrigerator.

Going to the kitchen and opening the refrigerator just to see what’s inside is a habit we’ve all been guilty of, but while we deserve a break, especially after spending hours in front of our computers, it does cost us. To minimize energy consumption, only open the refrigerator when you’re certain that there’s something in there that you want to eat.

Tip 4: Don’t use your gaming console as your streaming console.

Yes, it’s cool that your gaming console can also stream movies, but did you know that using your gadget in this manner also affects its energy consumption? According to the New York Times, gaming consoles can end up consuming 45 times more power than streaming ones.

Tip 5: Replace appliances and lights that aren’t energy-efficient.

It’s a well-known fact that traditional incandescent bulbs are cheaper, but consume more energy, while LEDs are initially more expensive, but save you more money in the long run. The best thing about this is that it’s an easy fix. Another switch you can do is to trade your AC and refrigerator in for models that make use of inverter technology—if you haven’t already. However, both are relatively big-ticket items, so you should only do this if your budget can accommodate it. If you can only choose one though, go with the refrigerator. It’s the only one that you can’t turn off.

Tip 6: Study your Meralco bill carefully.

The nation’s energy supplier found itself in hot water this year amid accusations of inaccurate consumption charges reflected on consumer billing statements, and while some of those have been explained as average consumption computation, others were revealed to be actual “overestimates” and “underestimates,” according to CNN. One silver lining here is that more of us are examining our bills more closely. The next time your bill arrives, take the time to check whether it’s accurate or not, and if you have any questions, don’t hesitate to raise them. After going through the trouble of cutting your energy consumption, the last thing you want is to overpay.

Want to learn how to lower your water bill? Click here!

Managing your expenses is part of how you can manage the wealth generation cycle. Learn more about it here.


Isa sa mga pinag-uusapan ngayon sa mundo ng online delivery services ay ang TokTok Express Delivery. Araw-araw, padami ng padami ang mga riders ng TokTok dahil sa maraming bookings na natatanggap nito mula sa mga customers. Ang isang TokTok Rider ay kumikita ng 1,000 to 2,500 Pesos, depende sa kanilang sipag at oras na inilalaan. Marami tuloy ang nagtatanong kung paano maging isang Toktok operator at kung paano maging isang TokTok rider. Kung gusto mo rin maging rider, narito ang TokTok application process na dapat mong sundan.

What is Toktok?

Ang TokTok ay isang express delivery app kung saan ang isang rider ay pwede kumita ng 1000 to 2,500 Pesos. Kagaya rin ng Lalamove at Grab. ang kita ng isang rider ay naka depende sa dame ng kaniyang byaheng matatanggap.

TokTok Rates and Riders Earnings

Sample Computation: Magkano nga ba ang kita sa Toktok? Bawat booking ay may base fare na 60 Pesos at ito ay madadagdagan ng 5 pesos bawat kilometro ng distansya mula sa pick-up and drop-off destination. Halimbawa, kung ang distansya mula sa pick-up at drop at 10 kilometers, ang booking fee mo ay magiging 110 pesos.

Booking Fee = 60 pesos base fare + (10 kilometers x 5 pesos) = 110 Pesos

toktok rates
Magkano ang kita sa Toktok

Related Article: Borzo Rider Application Process and Requirements

TokTok Rider Application Requirements

  • Motorcycle or Scooter (110cc and above) – Kailangan ng maayos na motor para sa pagdedeliver o pagpipick up ng mga items. Hindi maaaring gumamit ng E-bike.
  • OR/CR of Motorcycle or Scooter – Ito ay ang magpapatunay na ikaw ang may-ari ng motor na iyong gagamitin sa pagdedeliver. Siguraduhin na malinaw ang pagkakakuha ng OR at ng CR. Hindi pwedeng wala ang anuman sa dalawa. Kung hindi nakapangalan sa iyo, kailangan ng notarize na authorization letter mula sa may-ari.
  • NBI Clearance – Para sa validation of records. Siguraduhing hindi expired ang iyong NBI clearance
  • Professional Driver’s License – Ayun sa ating batas, lahat ng taong kumikita sa pagmamaneho ay dapat kumuha ng professional driver’s license. Siguraduhing professional license ang i-uupload mo upang hindi mareject ang iyong TokTok application.

How to apply as a Toktok rider?

Step 1: Magfill out ng form dito sa TokTok Rider Application Form para sa motorcycle at Toktok Driver application para sa 4 wheels. Siguraduhing tama at kumpleto ang mga detalyeng ilalagay sa form.

Step 2: Iupload ang mga hinihinging documents tulad na lang ng NBI clearance, professional driver’s licenses at OR/CR ng iyong motor. Kailangan ay malinaw ang pagkakakuha ng litrato na iaupload mo.

Step 3: Kung sigurado ka ng tama at kumpleto ang mga detalye, iclick ang submit.

Step 4: Mag-intay ng 2-3 days para sa confirmation na iyong matatanggap via text message.

Contact Info: Para sa iba pang katanungan, bumisita at magmessage sa FB page ng Toktok Riders Application

Related Article: How to become a Toktok Franchise

Frequently Asked Questions (FAQs)

Magkano ang application fee sa Toktok?

Libre lang ang pag-aapply bilang isang Toktok rider. Wala babayaran sa pag-register.

Pwede bang non-pro license ang gamitin?

Hindi. Kailangan ay professional driver’s license.

Pwede ba ang expired na NBI clearance?

Hindi pwedeng expired ang NBI clearance

Magkano ang pwedeng kitain ng isang Toktok rider?

Kung nag-aaverage ka ng 120 pesos isang customer x 10 customers, meron kang 1200 pesos per day.

Magkano comission ng Toktok?
Ang comission ng Toktok ay 20%

Mas maliit ba ang kikitain pag may operator?

Pareho lang ang kita, may operator man o wala.