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...]

Beginner’s Guide to Stress-Free Budgeting

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Let's admit it; Filipinos love to spend. We also love to plan get-togethers with friends and other gimmicks around our paydays. Whether it’s to play billiards, watch movies, or have karaoke nights, the mere mention of “sige, sa sweldo” almost, always, means it's a sure thing. Shopping and dining out also revolves around this bi-monthly phenomenon – we're millionaires for one day, paupers for 14. The thing about being financially responsible, though, is not just being able to spend for yourself and pay your bills, you also need to set aside something extra, especially if you have your own family and much more if you have children. How to Be an Expert at Budgeting – The Stress-Free Way! Learning how to budget (as opposed to withdrawing everything in your ATM account) not only allows you to cover all your necessities, it also gives you the opportunity to start saving. It can be a trip of a lifetime or a down payment for a new car or condo – point is, it's time to start acting … [Read more...]

A Beginner’s Intensive Guide to All-Inclusive Living

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You work hard everyday for nothing more noble than the twice-monthly pay checks. Often, after meeting your monthly expenses, nothing remains for you to save. Unfortunately, that’s a situation easily echoed among our countrymen. Recently, the Bangko Sentral ng Pilipinas’ (BSP) released the results of its inaugural National Baseline Survey on Financial Inclusion, and what they found was somewhat disheartening. Sure, many Filipinos are aware of banks and the role those banks can play in mitigating their financial needs—or assisting with a long-term savings plan. Most Filipinos, however, shy away due to a vague, perceived sense of inaccessibility. In fact, many Filipinos prefer to get quick cash loans from a pawn shop or other informal lenders like the dreaded, motorbike-laden “5-6”. Living as many do on the very edge of potential hardship, it’s a very serious issue to consider. Everyone needs a helping hand and PawnHero looks at all the ways you can improve your financial situation … [Read more...]

The Ultimate Christmas Cheat-Eater’s Healthy Survival Guide (Part 2)

The Ultimate Christmas Cheat-Eater’s Healthy Survival Guide

During the holidays, being caught up in the annual hype of losing one’s eating restrictions is a common guilty pleasure. In The Ultimate Christmas Cheat-Eater’s Healthy Survival Guide (Part 1), we have learned that over 50% of one’s annual weight gain is built up during the 6-week holiday season according to the Human Nutrition Research Centre in the US. However balancing your raw appetite and self-control might seem impossible, a compromise could still be achieved. Prevention of getting over 50% of that added annual weight would always be easier than working your way to lose it in the following months. … [Read more...]

The 7 Ultimate Christmas Cheat-Spending Hacks

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Whether you’re a student looking for a gift for your block’s Kris Kringle or the new aunt worrying what to buy for her nephews and nieces, Christmas shopping is a conundrum we face every holiday season. Saving time, effort, and money is an ideal that’s rarely executed. Here are some hacks to ease your way through the holiday gift madness – have the checklist ready. … [Read more...]