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...]

5 Attainable Strategies To Grow Your Income This 2017

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There are two types of income; passive and active. For most Filipinos, their common source of active income comes from their monthly salary. It is steady and it is there, however, the growth of income remains stagnant. Now, the million peso question, “How to increase that income?” To help you get your millionaire success story answer, here’s a takeaway on five attainable strategies that are real and practical to grow your income this 2017! 1) Determine your expenses. The first strategy is to determine all of your expenses and to know where all the bulk of your expenses are coming from. Get the difference of your total expenses from your active income. Your active income is your gross income (the monthly salary), and the more expenses you have the less net income you receive. For example, if you are spending too much for a coffee from Starbucks when you can take a sachet of caffeine from your office pantry. So the goal here is to lessen expenses to increase your net income. That … [Read more...]

8 Financial Lessons That You Can Learn From Favorite Christmas Movies

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Finally, it’s December first! We’re officially in the last month of the year! What else there is to do than make the best out of this holiday month! And marathoning those all-time favorite Christmas movies is one way to get all that hype running.   So, to help you get started, we list down favorite Christmas movies to get you cozy up on your jammies. These movies not only provide entertainment but also help you pick up financial life lessons that you can bring beyond the holidays. So, spare the spoiler alert, and check through the list and find out what these Christmas movies can offer. 1) Home Alone (1990)  Lesson: “Keep homes secure when you’re away for a holiday.” Generally funny, really heartwarming, and slightly sadistic, this 1990 American Christmas comedy film is now a real-good classic movie that has become a tradition to watch on our cable channels. The movie tells a story of the 8-year old boy, Kevin McCallister (Macaulay Culkin) who was left behind when his family … [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...]

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...]

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...]

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...]

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...]

How to Get the Best Selling Price on Your Preloved Jewelry

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Digging into your jewelry box and selling your preloved pieces is actually a good idea when you’re strapped for cash. A better idea would be to do your homework and discern the best way to liquidate them. Prepping Jewelry for Best Selling Price Do you go to a jeweler, a pawnbroker, or a diamond dealer to sell your item quickly without bothering about marketing? Or would an online auction like eBay or OLX help you get a higher pay? If you do things wisely, you might actually end up getting the best selling price for your preloved jewelry. Just before the excitement gets to you, it would be best to ground your expectations to reality. An heirloom diamond, for instance, could mean less to a potential buyer considering pre-owned jewelry is, by and large, not as valuable as any new item. So, before rushing to a pawnshop or an online marketplace, here are some pieces of advice to keep in mind to get the best price possible for your collateral. Get an accurate assessment of your … [Read more...]