Tag: paluwagan

  • Paluwagan: The Traditional Filipino Savings System

    Paluwagan: The Traditional Filipino Savings System

    The Philippines, with its rich cultural heritage and diverse traditions, is home to various financial practices that have been passed down through generations. One such practice that continues to thrive in many communities is “Paluwagan”, a traditional Filipino savings system. This informal savings method is deeply rooted in the principles of bayanihan (community spirit) and…