8 Realistic Financial Goals and Ways to Achieve Them

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With so many things to do, places to see, and bills to pay, your wallet and savings will be put to the test. Before accomplishing your life bucket list, you have to make sure your financial savings are all set not only to accommodate your wants but also prepare for the rainy days. But first things first, you must plot out specific financial goals and match it with your financial capabilities. In a previous World Bank study entitled “Enhancing Financial Capability and Inclusion in the Philippines,” Filipino respondents received a rating of 45% in financial literacy quiz, which means that Filipinos’ financial management and habits are still average. No matter what age set you’re in or how your lifestyle goes, the need to save money and be financially aware is a must do. While saving money is a tough deal when you’re living paycheck to paycheck, you can counter it by saving little by little.     1. Have no debts – If there’s one thing you’d feel good for … [Read more...]

7 Money Habits That Make Millennials Richer

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Are you a millennial who wants bigger savings but always ends up waiting for payday? If yes, you are not alone, and you better rethink your money habits now. A Moody’s Analytics study shows that people under 35 do not save and even spend more than they have. On the other hand, 55% of millennials would rather spend their money on experiences than material goods. Examples are travelling to another country or buying tickets for a concert. Of course, you deserve to give into your guilty pleasures sometimes, spend for once-in-a-lifetime experiences, and create fun memories you won’t be able to do 10 or 20 years from now. Who wants to miss out on life, right? However, living life as a millennial does not mean forgetting to save and invest for the future. Get to enjoy all the good things in life without going broke by developing habits that will make a richer you. Here are simple and easy strategies millennials like you can do to fill your pockets with bigger savings. 1. Believe … [Read more...]

Smart Financial Management Tips for the Upcoming School Year

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So you’ve covered the tuition payments and you’ve created a budget you can totally follow. The key to financial success, however, lies in smart management of the funds in the day to day. It’s not as complicated as you think, and are actually easy enough to follow. Here are simple tips that you can follow in order to manage your money well. Tip #1: Keep Your Budget Tight Use your budget as a plan to keep you in the black. This means that you aren’t spending more than you earn and can live with. It also means that you are able to set money aside for emergencies and unexpected expenses. Living on a budget means that you plan carefully where each and every peso goes to when it's needed. Many people are too lazy to make a budget, thinking they can "wing it". In reality, a budget gives you the freedom to plan what you can spend, and avoid overdrawing yourself. Tip #2: Pay Your Debts Spending on a lifestyle you can’t truly sustain will catch up with you down the line. Smart money … [Read more...]

What it Means to be a Millennial in a Developing Country

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You’re 24 and leaving work. It doesn’t make you happy, you tell your parents and friends. You feel like it’s not your niche, not your special spot in the marketplace. Your family shrugs it off as indecisiveness, but your bosses shake their head at you, tells you you’re a typical millennial. A typical millennial. Millennial. The word is being thrown around so carelessly, but what exactly does it mean? What does it mean to be a millennial? According to Time, you are a millennial if you are born anytime between 1980 to 2000. This means that this group is mostly comprised of teens and twentysomethings. Okay, so why then, are millennials being looked down upon? We are simply talking about an age group here, right? Wrong. Apparently, we are talking about a group of relatively younger individuals whose habits are said to have been made somehow similar by factors including globalization, social media, the adoption of Western culture, and fast-paced change. This is a group that is … [Read more...]

Kuripot and Proud: Budgeting Tips from Self-Confessed Frugal People

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No one likes a kuripot person. They never seem to want to spend on anything. They always go for what is cheaper and more affordable. Getting kuripot people to say yes to a get-together takes monumental effort. They’re never ones to spring for a treat either. One thing that they, in fact, are is very good at saving money. In fact, they’re the ones who are NEVER worried when pay comes out—because they have enough set aside. If you, on the other hand, are constantly desperately in need of cash, you might learn a thing or two from the kuripots in your crew. We have one or two of those here at PawnHero and we asked them for the budgeting tips that will help you save more. “You’re not THAT hungry.” Admit it. Lunch is often not enough for you. In between, there’s probably a snack or two thrown in with maybe one more when you best friend invites you to the downstairs convenience store. There’s nothing wrong, of course, with a snack here and there. Unless, of course, you want to save … [Read more...]

11 Money Apps That Will Help You Save BIG

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Budgeting one’s finances is a necessary evil. As long as you keep consuming your needs and wants, there’s no escaping money management. Managing finances is quite a challenge for Filipinos today. In fact, 55% of Filipinos are having insufficient money to pay for food or basic necessities according to a survey by the World Bank in collaboration with the Bangko Sentral ng Pilipinas. If that’s the case, how can you save? Saving money doesn’t have to be an ordeal. Here are money mobile apps you must download to help you save BIG! General Expenses Mint This popular app lets you consolidate your accounts—from bank accounts and mutual funds. Each section is intuitively organized to give you the big picture of your finances, along with all the tools you need to manage your earnings, spending, saving, and budgeting. Further, it shows your cash flow in real-time including deposits, expenses, credit card debts, and other investments. This format is great if you’re especially … [Read more...]

10 Surprising Things You Can Find Inside a Pinoy’s Pocket

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I’m sure you’ve seen plenty of those “what’s in your bag” columns in glossy magazines where they interview A-listers, asking them about the contents of their purse. But then lists like these always make you think “if she hasn’t sold her soul to the devil, there is NO way that white iPhone case would remain that pristine.” These columns make you wonder if Lady Gaga ever uses wet wipes, or why Taylor Swift apparently has never had an upset tummy. But, really, what’s in our bags? PawnHero takes a more realistic look, featuring the common contents of a typical Pinoy’s bulsa. Memories You grab a pair of pants that’s been hanging on a hook mounted to the back of your bedroom door for quite some time. You forget that the only reason it hung there limply was because it was the last thing you wore to a date that ended miserably. You put your hand inside the pocket and find torn concert tickets (how could it have ended so badly when she pleaded you to go with her to that concert?), … [Read more...]

Meet Pawnina – Your New BFF

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  Hi, everyone, Pawnina Bayani here. I’m a 25-year old tech support agent. Just like you, I love to shop, dine, travel, and spend time with the people I love the most. I live independently in a cozy apartment that I’m renting out. I pay my own bills and I send money to my parents in the province. I may not have the most luxurious lifestyle, but I am able to save a few bills every paycheck. My goal is to live life to the fullest, but of course, while still catering to my needs and responsibilities. Not an easy feat, huh? I know many of you out there have the same plight as me—utility bills, rent, money, food, transpo allowance. I know everything can get a bit difficult to shoulder sometimes. And that’s why I’m here. I bring tips and tricks on budgeting and saving—basically how to better handle your finances. You can turn to me for practical advice on life, finances, anything at all! I've been there, and I want to share my experiences with all of you, to help you win … [Read more...]

Stunning Santacruzan Gowns by World-Famous Pinoy Fashion Designers

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In the Philippines, May is known to be the most colorful time of the year. It is the month of fiestas, signaling merry-making that lasts for several weeks on end. It is the month when rains begin to pour, relieving long dry spells, and allowing an abundance in harvest and flora. As a predominantly Catholic country, Filipinos show their gratitude for the beneficial rains by giving praises to the Virgin Mary. The Virgin Mary is venerated through a string of festivities commonly referred to as the Flores de Mayo (Flowers of May). During this time, church aisles and altars are decked by an array of beautiful, fragrant flowers. Townspeople, in their Sunday bests, gather in the afternoons to pray the rosary, and to share homemade snacks afterwards. During the Flores de Mayo, select maidens from every town participate in a week-long pageant called the Santacruzan.  The belles were chosen not for their looks alone, but for the way they embody the qualities of the quintessential … [Read more...]

10 Money Tips from Billionaires You Can’t Ignore

10 Money Tips from Billionaires You Can't Ignore

Managing your finances is, without a doubt, a difficult task especially if you have a lot of expenses, as well as if you’re an impulsive shopper. While the second reason isn’t necessarily applicable to everyone, allotting a certain amount for your bills on a regular basis is an inevitable aspect of your lives. However, you can turn things around by taking inspiration from these billionaires as they share how they managed to become financially successful. Read on to pick up wise words, as we rounded up the best money-related principles yet from the richest men and women from all around the world that could help you make smarter decisions when it comes to handling your finances. 1. Money Does Not Entirely Determine Your Net Worth As the famous Albert Einstein, once said, “Try not to become a man of success, but rather try to become a man of value.” We can say that a person’s net worth doesn’t necessarily equate to becoming financially successful. Believe it or not, some of … [Read more...]