The Pressure of “Utang na Loob” in Filipino-American Families: How to Handle Financial Obligations
For many Filipino-Americans, the concept of "utang na loob" (a debt of gratitude) is deeply ingrained in their cultural identity. It’s a value that reflects respect, familial loyalty, and reciprocity. However, this cultural practice can often translate into financial...
The Rise of Financial Technology: Opportunities for Filipino-Americans to Manage and Support Across Borders
The financial world is evolving rapidly, and financial technology, or fintech, has become a driving force behind how people manage their money. While fintech is making waves in countries like the United States, its rise in the Philippines presents unique opportunities...
Take Control of Your Debt Today: Download Your FREE Guide
Are you feeling overwhelmed by debt? You’re not alone. Many people face the same challenges, juggling financial obligations, high living costs, and financial uncertainties. But there’s hope. We’ve created a FREE guide that reveals the 6 Steps to Paying Off Your Debt—a...
Religious Contributions: Faith-Based Financial Practices in Filipino Culture
Religious contributions have been longstanding financial practices deeply ingrained in Filipino culture, especially among Filipino-Americans who continue to uphold their faith and traditions in the diaspora. These practices are not only acts of devotion but also serve...
How Filipino Festivals and Traditions Affect Financial Planning for Filipino-Americans
Filipino culture is rich in traditions, celebrations, and vibrant festivals. Whether it’s the colorful Sinulog in Cebu, the grand Santacruzan, or the lively family gatherings during Christmas and New Year’s, these traditions hold a special place in the hearts of...
Investing in Real Estate: Why Owning a Home is a Top Priority for Filipinos
Owning a home has always been a significant milestone for Filipinos. Whether it’s a small house in the province or a modern condominium in the city, real estate represents security, stability, and pride. For Filipino-Americans, investing in property—whether in the...
How Filipino Culture of Hospitality Affects Personal Finances: A Guide for Filipino-Americans
The Filipino culture is steeped in values that emphasize family, community, and above all, hospitality. "Pakikisama" (getting along with others), "utang na loob" (debt of gratitude), and "bayanihan" (communal unity and cooperation) are cultural pillars that foster...
How Filipino Values Drive the Popularity of Group Savings Systems like “Paluwagan”
Filipinos are known worldwide for their strong sense of community, familial bonds, and resilience. These deeply rooted cultural values shape many aspects of Filipino life, including how we manage finances. One of the most enduring and widely practiced financial...
“Utang na Loob” and Financial Obligations: Navigating Debt and Reciprocity in Filipino Culture
In Filipino culture, values such as utang na loob—a deep sense of gratitude and obligation—play an essential role in shaping social relationships, especially among family and close friends. This cultural concept has carried over into Filipino-American communities and...
Saving for the Future: How Filipinos Balance Short-Term Needs and Long-Term Financial Goals
For many Filipino-Americans, saving for the future is a delicate balancing act. On one hand, there are immediate responsibilities: bills, education, remittances to family back in the Philippines, and the rising cost of living in the U.S. On the other, there’s the...