7 Life Hacks to Manage Your Finances Better During the Pandemic

7 Life Hacks to Manage Your Finances Better During the Pandemic

The COVID-19 pandemic has brought stress and fear upon people. Some are faced with job uncertainties and reduced income, while some have been completely laid off their jobs. Wise individuals have resorted to setting up an online business or taking part-time jobs to survive. Because of the pandemic, it has been extra challenging for many people to manage and budget their finances. With utility bills piling up and going back to “regular programming” far from sight, it makes all the more necessary to up your money management skills. There’s no concrete answer as to when this pandemic will end. It’s crucial to do everything you can now to anticipate financial setbacks and find a way around it. We’ve rounded up some simple yet practical life hacks to help you manage your finances during this trying time. Let’s dive into it! 1. Check for utility bills you can pay in installments. The unpredictable event of a crisis like a pandemic can put millions of people out of work either … [Read more...]

Why You Should Also Sanitize Your Spending Habits During COVID-19

Why You Should Also Sanitize Your Spending Habits During COVID-19

  The ongoing COVID-19 pandemic has altered the “normal” habits of people and living conditions not only here in the Philippines but also worldwide. With lockdowns and community quarantine, limited mobility, layoffs, and shortage of supplies, the spending habits of Filipinos are perhaps one of the most affected by the recent changes. For one, only essential shops like groceries and drugstores are allowed to operate. The fear brought about by the pandemic influenced people to hoard or participate in panic buying. Companies have either introduced pay cuts or layoffs, which worries the Filipino workforce. Budgeting for expenses has become trickier than ever. Hands aren’t the only things we should sanitize With the sudden pause in our normal activities, this period may be the right time for some Filipinos to look into a financial detox. Spending money has become almost second nature to people—bills, food, housing, and commute—it never ends. But, with the enhanced community … [Read more...]

Credit Card Alternatives for Millennials With Zero Credit

PH---BB---Credit-Card-Alternatives

Possessing a credit card provides many advantages, such as the opportunity to pay for emergencies like an unexpected hospital bill or replacing a broken appliance. In 2017, Google Trends revealed that Filipino millennials searched for finance-related keywords (search growth of 24%), covering loans and credit cards. Come 2019, credit card usage remains low in the country partly due to the strict requirements. If you’re not good at financial planning, it would be impossible to build a credit history to be approved for a credit card. In the same vein that you need to have money to make money, people need credit to build and improve their credit score. Thanks to technological advancements and modernization in the digital age, the financial landscape has continued to evolve and become more inclusive. Today, there are many alternatives for people to build their credit and take advantage of services that echo the benefits of a credit card. Millennials and Credit Cards in … [Read more...]

Online Pawnshops: Everything You Need to Know

PH-Info1-BB-Online-Pawnshops-101

When you’re tight on cash and in need of funds, there are a couple of ways that you can acquire a loan: You can seek help from the usual sources like the bank or the government, which normally takes several days to process a request. You can also ask a friend who may have extra funds to spare and might be willing to lend you some money. However, if you’re not too keen on either of those choices, there’s always the easiest and most immediate alternative to getting the funds you need: the pawnshop. Here you’ll be able to get a loan instantly so long as you provide an item you can leave as collateral. It’s simple, easy, and convenient. In recent years, technology has made it possible for traditional forms of fund transactions to become a faster, more accessible process through the internet. Pawnbroking, for instance, is no stranger to this development as a considerable number of online pawnshops have emerged. In this article, you’ll learn about how online pawnshops work, … [Read more...]

A Guide to the 52-Week Challenge to Save Up to P50,000

A-Guide-to-the-52-Week-Challenge-to-Save-Up-to-50k_PAWNHERO_BLOG

The 52-Week Challenge has been a trending topic on the internet lately. In case you don’t know what it is, this challenge encourages people to save money from week 1 to week 52 of the calendar year. Ever since this idea has caught on with online users, a number of versions have been made out of this money-saving project.   Despite the slight variations, though, the end goal is still the same: to get people to save money week after week until they complete 52 weeks in savings.   Plus, by the time you complete the challenge, you will realize that a savings fund is a flexible source of money since you could use it for whatever purpose or goal you have in mind.   The 52-Week Challenge It’s interesting to point out that the 52-Week Challenge is named for a reason. How many times have you promised yourself that you are going to be serious about your savings goals, only to break somewhere along the way? Saving can indeed be a challenge or a struggle for … [Read more...]

6 Expenses You Should Cut to Save More

SHOP-EXPENSE-CUT_PAWNHERO_BLOG

Have you ever wondered why you seem to be forever in limbo with your finances? You have a budget, you stick to it, and you try to save as much as you can, so what are you doing wrong? The culprit in your situation may be those tiny expenses, some of which you’re not totally conscious about, that accumulate in unimaginably huge amounts. Now may be the time to review your financial habits—starting with identifying the expenses you could have less of to help you save more. Cable subscription Cable subscriptions cost P900 on the average for basic plans, but premium accounts with bundled internet services can cut you back by as much as P1,400. To help you cut down on your cable bill, you could either go for a basic plan, especially if you only watch selected shows or if you’re subscribed to an internet service provider, you might want to consider dropping your cable subscription altogether. Alternatively, you could register with video-on-demand services like HOOQ, iFlix, … [Read more...]

A Guide to the Best Investments for Every Goal You Have

BEST-INVESTMENT_PAWNHERO_BLOG

Some people can get caught up in the busyness of life whether education- or career-wise such that they barely have time to plan for their future. It also doesn’t help that they believe in the principle of living in the moment.   While it’s definitely reasonable to enjoy life as it happens, you also have to think about settling down with your family sooner or later. If you’ve started small and smart financial moves right now such as online pawning, then you’re in the right direction. From a financial viewpoint, preparing for one’s future as early as now is much better than starting late or not starting at all.   When you’re financially secure, you get to enjoy and live life more fully. You don’t have to worry about major family expenses or emergency situations since you’ve saved enough in investments. A good investment portfolio that matches your goals and financial standing, therefore, should be part of your overall financial plan.   You may use the … [Read more...]

How to be Financially Ready for the New Year

FIN-NYE_BLOG_BANNER

Being financially ready is a sign that you're responsible, mature, and completely independent. However, it's extra special to be financially ready when the new year comes because it can be a part of your new year's resolutions. The new year symbolizes a fresh start for everyone, so now is the time to evaluate your finances and get yourself on track for 2018. Follow these smart ways to handle your finances this coming year. Assess Your Income Whether you’re a full-time employee, a business man or entrepreneur, or a freelancer, it’s important to assess your monthly income. List down all your earnings to determine how much money comes in every month. This will help you create and maintain a realistic budget for the new year. If your income is irregular, then list down how much you earned for the last three months to get your base monthly income. For instance, you earned Php40,000 in September, Php50,000 in October, and Php45,000 in November. Use Php40,000 as your … [Read more...]

7 Sidelines for Extra Cash This Holiday Season

SIDELINEHOLDAY_BLOG_BANNER

The holiday season is a festive celebration, especially for Filipinos who go the extra mile to make Christmas and New Year special for the whole family. Not only do we burn a hole in our wallets to give our loved ones Christmas presents, but we also splurge on festivities for Noche Buena and Media Noche. That’s why it’s important to have sidelines or side jobs that can help you earn extra income to spend this holiday season. Here are some ways you can make extra money this Christmas and New Year. Get Freelance Jobs It’s the gig economy, and there are hundreds of freelance jobs available on the internet such as Freelancer, UpWork, Fiverr, GetCraft, and more. You can be a web content writer, graphic artist, or virtual assistant. Ask your friends and colleagues if they know someone looking for part-timers as well. Join social media groups on Facebook and let people know that you’re looking for a job. You can also search job boards and social networks for freelance … [Read more...]

Scary Financial Moments and How Millennials Can Survive Them

Millennial-Money_BLOG_BANNER

Halloween stories are aplenty these days. You might have that friend who has a third eye and sees things that are out of this world or one who keeps dreaming of being chased by zombies and wakes up with anxiety attacks for fear of the walking dead. OK, the second one is probably due to binge-watching on Netflix or your local cable. The point is, listening to these stories is enough to bring chills down your spine. Pretty much how you feel upon finding out that your credit card has been suspended, at a time when your days of absence at work are going to cost you major cuts in your next salary. Seriously, could things get any worse? That’s not quite impossible, especially if you’re part of today’s generation of millennials who may be too naïve to learn how to avoid the pitfalls of mismanaging one’s money. While financial problems could happen to anyone, you could make a resolution to be wise on how you spend. The goal is to spare yourself from coming face to face with these … [Read more...]