Showing posts from 2017

New Year, New Sweldong Pinoy

It's almost the end of the year. Are you excited for 2018? There are two major changes starting next year: Republic Act 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) will be effective and PhilHealth issues Circular No. 2017-0024 increasing the contribution rate. TRAIN gives higher take-home pay for most employees. Those earning less than 250 thousand pesos annually will be exempted from paying income tax. Tax exemption for the 13th month pay and other bonuses was also increased from 82 thousand pesos to 90 thousand pesos. The tax schedule will reduce income tax for around 7.5 million people. It will also go down by 2023. Other provisions of the law include higher tax on sugar-sweetened drinks, higher taxes on fuels (gasoline, diesel, and gasoline, diesel, and liquefied petroleum gas), cars, tobacco, and coal, and taxing cosmetic surgeries. The monthly PhilHealth contribution will be at 2.75% of the monthly salary (it was previously at 2.5%). Salary b

Budget Penny, your budget assistant

"Okay Google. Talk to Budget Penny." Last month, Jomar and I had been working closely in building another financial-related application to help people manage their money. We created Budget Penny . About Celine's Budgeting I have an every payday salary. Every payday, I know how much I should expect in my bank account, how much is budgeted for each expense, and how much I should have left. I usually spend 5-10 minutes a day, tracking how much money I have left and whether I saved a few dollars out of my allocated funds for the day. With this idea, Penny was born. Introducing Penny Jomar wanted to play around Actions on Google and he asked me to think of a possible assistant. Since I would love an assistant to keep track of how much money I have left, a budget assistant was on top of our list. It took us a while to agree on a name (Loonie, Toonie, Centi, among others) but agreed upon Penny. Initial Release and Future Goals Right now, on this release, you

Budget Pinoy (Beta)

Need help in budgetting your salary? Want to find out what your asking rate is depending on your projected expenses and budget? We have developed an app that can help you! Budget Pinoy is a tool for Filipinos in computing gross and net pay based on user's budget. Users can input their target savings and projected expenses in the Budget Tab. They can also use the expenses tab to check expenses. The recommendation tab will show the asking rate that the user needs to be able to earn enough for the target budget. It will also show the net pay and deductions, computed using Sweldong Pinoy, based on the asking rate. We're also working with different financial institutions to give you relevant tips to help you in your finances, based on your budget. This will be coming soon in a future update. Try Budget Pinoy at  and let us know how we can improve the app to help you more in your budgetting ne