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“Utang na Loob” and Financial Obligations: Navigating Debt and Reciprocity in Filipino Culture

“Utang na Loob” and Financial Obligations: Navigating Debt and Reciprocity in Filipino Culture

by Rod Mercado | Dec 16, 2024 | FR Blog Page

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

Saving for the Future: How Filipinos Balance Short-Term Needs and Long-Term Financial Goals

by Rod Mercado | Dec 9, 2024 | FR Blog Page

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...
The Role of “Pakikisama” in Filipino Financial Management: A Guide for Filipino-Americans

The Role of “Pakikisama” in Filipino Financial Management: A Guide for Filipino-Americans

by Rod Mercado | Dec 2, 2024 | FR Blog Page

In Filipino culture, “Pakikisama” is a value deeply ingrained in everyday life. It emphasizes camaraderie, maintaining harmonious relationships, and communal cooperation. While this cultural trait is evident in social gatherings and community activities, it also plays...
Why Filipinos Prioritize Education and Family When it Comes to Financial Planning

Why Filipinos Prioritize Education and Family When it Comes to Financial Planning

by Rod Mercado | Nov 25, 2024 | FR Blog Page

For many Filipino families, financial planning is not just about securing individual wealth; it's deeply rooted in values that emphasize the importance of education and family. These two pillars—education and family—play a crucial role in how Filipino households make...
The Importance of “Padala”: How OFs Support Their Families Through Remittances

The Importance of “Padala”: How OFs Support Their Families Through Remittances

by Rod Mercado | Nov 19, 2024 | FR Blog Page

For millions of Overseas Filipinos (OFs), the word "padala" carries profound meaning. It isn't just about sending money; it's a symbol of love, sacrifice, and hope. OFs work tirelessly across the globe to provide for their families back home, and remittances—referred...
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  • How Filipino Culture of Hospitality Affects Personal Finances: A Guide for Filipino-Americans
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