Understanding 'Paluwagan' in the Philippines

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Understanding 'Paluwagan' in the Philippines

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MANILA -- Not sure whether to accept or decline a friend’s invitation to join a "paluwagan"? Like anything that involves money, it’s something you must consider carefully.

Understand its mechanics, as well as pros and cons, before engaging in it. Here’s everything you need to know about the "paluwagan" system.

For more finance tips, visit MoneyMax.ph.

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