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...]

How to Survive Holiday Sale Shopping (Without Going Broke)

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Holiday sales! It’s probably the best days for Filipino shoppers. Why not? A 50% off on branded sneakers or a Buy 1 Take 1 promo on cool jeans is not a bad deal, and knowing Filipinos, we always want to make the most of our buck. It’s no wonder why despite the thick crowd, we hurry to malls just to take that rare chance of finding big discounts.   Here’s a caveat though: More holiday sales are expected to come before the year ends. So, you might want to control that urge to buy on impulse each time a new shopping sale is announced. We know it’s hard, but you wouldn’t want to welcome 2017 with empty pockets, right? Check out our tips to help you survive back-to-back holiday shopping sales without going broke. GIF Source Set a budget and stick to it It wouldn’t hurt to set limits on your spending. It only shows that you’re a responsible shopper. After all, having a budget in place can help you set realistic expectations on what you can afford. Once you’ve set your … [Read more...]

Can’t Pay Your Credit Card Bill? Here’s What to Do Next

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Admit it. Your credit card bill isn’t your favorite mail to receive every month end. But when it arrives with a big figure, reality hits you hard. You just can’t pay it all. So, what’s next? You are not alone. Most people are having a hard time paying their bills on time and in full too. It could be brought by unforeseen circumstances—from losing track of monthly expenses to emergencies and unemployment.   What Happens When You Don’t Pay Your Credit Card Bill Often, you won’t think about the consequences of an unpaid credit card bill. First month of missing it isn’t that noticeable. But when you consistently don’t pay your bill, interest rates and penalty fees accumulate which are sure trouble to your pockets. Late repayments come with penalty fees ranging from 4% to 7%, while compounding interest rates range from 2.5% to 3.75%. Waiting for more than 90 days isn’t a smart move. Your creditor will mostly likely put your name on the permanent negative record, which can … [Read more...]

10 Clever Tips to Earn Extra Cash for the Holidays

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The moment Jose Mari Chan takes over the speakers at shopping malls, you just know it’s Christmas time in the Philippines. Despite the heat and humidity in this tropical country, the air feel just a tad crisper, the people merrier, and oh boy, the prices of holiday gifts seem higher. Yikes! Since Filipinos love Christmas time, they tend to splurge during the holidays. In this article, we’ll give you a few tips to earn that extra cash for your holiday shopping madness so you won’t have to be galante now, pulubi later. 1. Set up a garage sale. Filipinos love to keep stuff with sentimental value even when it becomes obsolete. We just love to hoard! If you have a lot of pre-loved items that are still in good working condition, sell them to generate extra cash instead of watching them collect dust in your storage. 2. Do overtime work. This is the fastest way to earn extra dough especially for office girls and boys. If you’re a freelancer, accept more projects. Don’t forget to … [Read more...]

How To Tell If You Are Going Broke After The Holidays

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Today, we have 79 days until Christmas! It’s a big occasion for most of us. It’s the time to get together, the time to celebrate the real meaning of the season and the time to alot money to make the celebration a feastful one-regardless if you can’t really afford Christmas. Sure, everyone wants that piece of happiness. We don’t want to take that away, and nobody has the right. But this is a sorry not sorry kind of advice to share how to tell if you are still going to get enough moolah after living way above your means over the holidays. We want a holiday celebration that makes your money count. So, check out these warning signs to help you save some for yourself. Sign No. 1: You don’t set your Christmas Budget. Image source The holiday season is not an excuse to keep yourself from making a budget. Just because you think this is the best time to reward yourself, you have to go all out. Stop there! You’re not being financially smart. Plus, thinking that you have … [Read more...]

Pawnina Shares: 7 Ways To Live A Debt-Free Life

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Hi guys! It’s Pawnina again! Bringing along the debt you have is an absolute No! No! These IOUs are bad vibes that stress you, sometimes break a good relationship, or worse become a source of depression. But you guys can avoid living in debt, just keep in mind to follow these 7 tips to check yourself in for a debt-free lifestyle. 1) Keep Daily expenses in check. You don’t necessarily have to keep track of your daily expenses forever. You can do this for a good period of time. Doing so can help you discover a certain pattern of your financial behavior. That’s a good thing. You can identify the problem if you have a hard time making ends meet and find a good solution to make yourself into managing your daily expenses wisely. Image source 2) Avoid spending above your means. The struggle is real for among the many who would relate to memes where you overspent on the first few days of receiving your salary and as a consequence you spent half of the remaining days struggling on … [Read more...]

Uncovering The Psychological Secrets Of Shopping Sales

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The season for those much-awaited shopping sales are coming right up your alley. Your piggy banks are ready for their sentence with hammers and your hearts are daydreaming that exciting shopping experience! Yippie! But wait a minute! Have you ever noticed anything fishy during sale periods? If you find out the marketing magic behind the catchy sale offers, would you spare yourself from the sale period spell? Well, before surrendering into the incense of shopping sales, try on pondering what we have to share. Afterall, we always want you to splurge money for something worth it. So, learn some tips from the psychological secrets of these shopping sales. The big 3-day sale announcements “Get these items for a limited time offer” “The big 3-day northern sale” “Christmas sale from December 18-23 only!” Don’t these hard-selling announcements just make you want to plan your calendars ahead? Don’t these also make you feel pumped-up with the great finds you’ll be able to … [Read more...]

3 Essential Steps to Starting Your Own Business

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It seems like everyone these days wants to become their own boss. After all, you get to manage your own time and get to enjoy the rewards of your business (a.k.a. money!!!). Being an entrepreneur has its perks - especially when your business has grown; however, starting your own business is something that requires you to make well-thought, calculated decisions and risks that take a lot of time, especially in the beginning. So here are three essential steps to starting your own business and making sure you get to that point where you can sit back, relax, and enjoy the fruits of your labor! 1. Think through the idea As with any business idea or decision, one really needs to think through that amazing and innovative thought they conceptualized. Why? Mostly because once you get a light bulb idea, it tends to be exaggerated and out on the highest pedestal; you start thinking this business idea is going to serve an untapped market, make you money, and change the world and bring it … [Read more...]