How to Manage Your Monthly Income Using the 50/30/20 Rule

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Budgeting may be a painstaking task, but people who practice it swear it works for them. Just look at budget-conscious folks in your circle. They seem to be doing better financially with very little debt on one hand and a considerable amount of emergency funds on the other. Since budgeting is deeply ingrained in their system, you can almost be sure that they will be enjoying a financially stable life in the future. Considering that they have their own share of expenses, you might wonder how they budget their income effectively. The key is to come up with money-related strategies that will work for both your means and needs, whether it’s getting a short-term loan through online pawning or the 50/30/20 rule in budgeting.         Step 1: Calculate your net income It might not be possible to determine up to the last centavo how much you’ll be earning at the end of the month, especially if you’re self-employed or managing a business. However, you … [Read more...]

The Perks of Being Financially Independent

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Everyone seeks financial independence to break free from their money woes. This includes the daily struggles of worrying about how to pay the bills and utilities, groceries, and other necessities. You may have experienced having to loan from relatives or banks just to get through a difficult time or have resorted to selling some valuables to a pawnshop for financial emergencies. Striving for financial independence is important so that you don’t have to worry about your day-to-day expenses in the future. Not only will financial independence give you economic freedom, but will also enable you to explore other possibilities in your life. Indeed, there are a wide variety of perks that come with being financially independent. 1. You have extra spending money. Whether you still have a desk job that’s supplemented with extra cash flow from other investments, having the extra cash for shopping, vacations, and other activities is a great perk. You don’t have to find excuses to … [Read more...]

Easy Ways to Make Money on a Rainy Day

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The rainy season is here! As the “bed weather” days are coming our way, it’s so tempting to stay under the sheets and do nothing all day. Then again, daily and monthly expenses such as groceries, utilities, and bills never stop even when the rain is strong and the roads are flooded. So, what can you do during rainy days to earn extra money? Remember that every hour you spend idle is money lost. Whether you’re a full-time employee with free time after work or a student trying to earn extra income, you can try different ways to make money during rainy days. This can let you start working towards financial independence or save up for that dream vacation. 1. Do some freelance work. There are a lot of websites nowadays that you can join to venture into freelancing work. Apart from freelancing being a great way to earn extra cash, it can also turn out as a full-time job for you that earns much more than your current paycheck. Make a list of all your skills according to the area … [Read more...]

A Parent’s Guide to Saving Up for Children’s Education

In the words of Nelson Mandela, education is indeed the most powerful weapon that one can use to change the world. Needless to say, education is the primary key to success that relatively plays a vital role in shaping one’s future. The knowledge that one can attain from education serves as the backbone of many practical and theoretical decision-making processes that one may encounter, and at the same time, it opens doors to many opportunities as one goes through life. Since all parents want nothing but the best for their child/children, providing them a quality education is the key to making them enjoy all the fine things in life and mold them to be successful as they grow. However, the cost of education here in the Philippines is changing over time. Then again, nothing can ever replace the cost of missing out on education and its implications on one’s life. Planning and saving up for your child’s future education even in their young years will help take the pressure off you … [Read more...]

5 Best Ways to Help You Pay Your Tuition Fees

As tuition fees hike every year, it is increasingly difficult for some students and families to pay for their education. On May 29, 2017, the Commission on Higher Education (CHED) approved the tuition fee increase of 268 private colleges and universities for school year 2017-2018. The average increase in fees is slated at 6.9% or ₱86.68 per unit. Whether you’re a new couple preparing for your baby’s future, a parent struggling to pay for your child’s education, or a working student trying to make ends meet, you have multiple options available for you. You can save money, adjust your budget, apply for a scholarship, get a bank loan, or go to an online pawnshop to get funding. We’ve gathered the best tips to help you pay for your or your child’s tuition fees. Read on to learn more. 1. Save early. This is the golden rule for anything that has to do with a big purchase or investment. Determine how much you need every year, plan ahead, and structure your finances early on so that by … [Read more...]

A Millennial Guide to Getting Personal Loan

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  #Adulting has been a buzzword among the millennials, and is often used in a witty way to mean taking charge of your own life, doing grown-up things, and holding responsibilities. From having a job, paying bills, ensuring that your car is in good, working condition, undergoing certain medical procedures, planning some home improvement activities, achieving financial independence, and so forth. But if you would be honest, #adulting is so much more than a millennial jargon. It’s an inescapable reality just like having expanding waistlines and thinning hair, and admittedly, it’s no less scary than the latter two. Unfortunately, there’s no denying that only a few grew up truly prepared to #adult, particularly when it comes to handling finances. As a Filipino millennial yourself, you know very well that you still have a lot to learn when it comes to your financial health and spending habits. More so, that it takes time to truly take control over this large part of your … [Read more...]

Plane Tickets: Practical Tips To Booking Yourself Cheap Flights

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Jet setting to your favorite destination sometimes takes a plane ride away, and we know airfares, they get chunks of your budget. While the best seats could be the first class seats, the seats beside your bae and the window seats, and if there could be a higher degree than the superlative comparison of best- such as great, then the great seats are the ones you got for a bargain. Booking flights on a budget doesn’t necessarily mean you have to be a seasoned traveler or frequent flyer. You can just as master the art of plane ticket sales with knowing a few or ten practical tips. What would be more practical than to get a plane ride worth your budget, right? So, learn a few tricks to book yourself cheap flights below: 1) Book ahead of time. It’s an old saying, the early bird catches the worm. Based on experience, you can book sale seats ahead of time. Mostly, they come in six months before the scheduled date. That gives you a hell lot of time to prepare for your OOTDs, to buy that … [Read more...]

How to Not Waste Your 13th Month Pay

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It’s the most wonderful time of the year! Christmas is just around the corner. Holiday sales are everywhere. People are planning office parties left and right. But best of all, Christmas bonuses and 13th-month pay are being rolled out. YASSS!!! You'll definitely feel like a "one-day millionaire" when the extra dough clears on your account. More so, when you're in holiday mode (read: generous-to-the-bone mode), your 13th-month pay can disappear just as easily as it came. For many people, the 13th-month pay wouldn't even get past the Noche Buena. Think about it. You've waited all year for the extra cash, so you might as well put it to good use. Better yet, go milk it for all its worth so that extra cash won't end up as debt comes the New Year. Here are some ways on how not to waste your 13-month pay. Plan, Plot, Allocate Some would argue that it is unwise to spend money before you actually have it. In the case of expected cash, it's advisable to plan and "spend" it all in … [Read more...]

Pawnina Shares: Seven Overspending Sins That OFWs Commit And How To Deal With Them

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Hi there, Pawnina here! Right after Halloween, the holiday season is back to rule our lives. For OFWs, this means a coming home party. Of course, with that comes their balikbayan boxes. (Yay!) Sure, most OFWs are wise with their financial management experience [Read: When In Abroad: Filipino Balikbayans Share Practical Money Saving Stories Away From Home], however, others tend to fall back with their finances from the extravagant lifestyle their surroundings offer, leading to bad financial habits. We’re two months away until we set a new resolution, and if you are working abroad or know someone abroad here’s an eye-opener about the seven overspending sins OFWs commit. Old habits die hard they say, but let’s break them good. GREED: When retail therapy/shopping just got them. A lot of OFWs fall prey to the luxury surrounded to them, especially when they feel that their salary covers a whole lot more than what they’ve been used to spend. Shopping can also be therapeutic, but … [Read more...]

When In Abroad: Filipino Balikbayans Share Practical Money Saving Stories Away From Home

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“Balikbayan!” With the holidays rolling in, we’ll be seeing a lot of our beloved ones coming back to the Philippines from all over the world. That means celebrations, reunions, local tours, the much-awaited Balikbayan boxes with imported pasalubongs - a Filipino tradition of bringing home gifts - and sometimes their “bonggang pa-treat!” But behind the lavish life we imagine them to have, these Filipino Balikbayans share insider accounts on how they live a frugal and practical lifestyle. If you are planning to work abroad, live abroad or migrate abroad, here are shared saving tips that come in handy… “It’s very Pinoy…” tho, one would say.   1)  "Save a portion of your salary into your bank account in the Philippines so you won't touch it..." -Kesh, 22, Dubai Kesh has been working in a company in Dubai since graduating from the University of Santo Tomas last April 2014. When asked how she budgets her finances, here's an advice she gives to aspiring … [Read more...]