In the Philippines, borrowing money isn’t just a financial decision—it’s practically a cultural rite of passage. Where “May pera ka ba?” replaces “Kumain ka na?” borrowing and lending money between family members, friends, and even suki at the local sari-sari store is as common as asking for extra rice.
But have you ever stopped to assess your own borrowing habits? Whether you're the responsible borrower who only takes out loans when absolutely necessary or the accidental loan shark running a personal lending business, this quiz will help you take a closer look at how you your loan portfolio wisely and break the cycle of debt.
No judgment—just a little financial self-reflection (and maybe some much-needed laughs) to help you break free from the utang cycle!
Traits: “Naglo-loan lang kapag may sunog… o kaya 11.11 sale.”
You swear you only borrow money in case of emergencies. But let’s be honest—your definition of an emergency includes flash sales, new gadgets, or the latest travel promo.
Red Flag: Your “emergency fund” is actually your credit limit, and you often rely on high-interest rates from quick loans instead of building savings.
Financial Impact: While occasional borrowing isn’t bad, relying on loans instead of preparing for unexpected expenses can lead to financial distress, especially during job loss or medical emergencies.
Traits: Para kang tindahan—laging may pautang sa kapitbahay… at 20% interest.
Are you everyone’s go-to lender? Whether it’s a friend needing rent money or a family member short on cash before payday, you’ve become the unofficial neighborhood bank. And, of course, you expect some “interest” in return.
Red Flag: Your friends call you “boss” but whisper “loan shark” behind your back.
Financial Impact: Lending money may seem like a profitable side hustle, but it can strain relationships. Plus, if too many borrowers fail to repay, your own finances might take a hit.
Traits: Kumuha ng travel card para sa lounge access… pero laging naka-minimum payment.
You love the perks of your credit card—cashback, points, free flights! The problem? You’re stuck making minimum payments every month, accumulating high-interest debt while your rewards remain untouched.
Red Flag: Your passport is empty, but your points balance isn’t.
Financial Impact: Credit card rewards can be beneficial, but only if you can realistically afford to pay off your balance each month. Otherwise, high interest rates will outweigh any perks you earn.
Traits: “Umutang para ipadala sa Pinas… pero di na nakabalik ang pera.”
OFWs and balikbayans often send money back home to support loved ones. The challenge? Sometimes, you have to take out loans yourself just to sustain these remittances.
Red Flag: Your Tita’s “padala” is actually your 13th-month pay.
Financial Impact: While supporting family is admirable, constantly borrowing money to do so can lead to long-term financial instability. It’s important to secure your own financial future first before extending help.
Traits: Nagpapautang para ‘tumulong’… pero may hidden fee na ‘pang-merienda.’
You lend money out of kindness, but deep down, you expect a little extra in return—whether it’s interest payment, gifts, or small favors.
Red Flag: You’re nicer than a nanay but scarier than a bumbay.
Financial Impact: Lending to friends and family may feel like the right thing to do, but it can put both parties in an awkward situation if they struggle to repay. Clear loan agreements can prevent misunderstandings.
Self-awareness is the first step toward financial improvement. Ask yourself:
Recognizing your borrowing habits helps you assess whether you’re making financially sound decisions or need a new strategy to manage money and reach your financial goals.
If your borrowing habits are starting to look like a teleserye plot, here’s how to rewrite your financial story:
If someone won’t realistically afford to repay in six months, don’t lend in five seconds. Sometimes someone's promises doesn't necessarily reflect their ability to pay you back. High-interest lending between family members and friends often leads to strained relationships and financial loss.
Instead of borrowing from informal lenders or loan sharks, consider registered government financial institutions or secure lending apps with transparent loan agreements. Platforms like LoanOnline.ph offer regulated loan options with minimal requirements and reasonable interest rates.
Saying “no” to borrowing or lending money isn’t selfish—it’s smart personal finance. Whether it’s your tito who always has an “emergency” or a friend who treats you like their personal bank, learn to decline respectfully while offering alternative solutions.
Mastering your finances and financial situation starts with understanding your borrowing tendencies. Whether you’re the “Emergency Only” borrower or the “Suki sa 5/6,” the goal is to manage your loans responsibly and work toward financial freedom.
So, which borrower type are you? And more importantly, what are you going to do about it?
Share your results and tag a friend who needs this financial wake-up call!
