Bad Financial Habits to Break Before the Year Ends

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As 2017 comes to a close, it’s time to turn over a new leaf and get rid of all sorts of bad habits, financial habits, included. From spending more than you earn, unnecessary and impulsive purchases, taking from your savings, making late payments, not tracking your expenses, and not putting money to the side—all those money mistakes you’ve been guilty of this year must come to an end. If you want to be financially stable in the future, then having good financial habits should start now. Not to mention, be caught up in money woes should an emergency arise. Start preparing for your future by taking control of your expenses. Here are some bad financial habits you need to break before the year ends: Spending More Than You Earn You are spending more than you earn if you have a little money left at the end of the month. But, you can put an end to this habit by budgeting your money to make sure that your income covers all your expenses, while still having some left for savings … [Read more...]

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...]

5 Warning Signs You Really Need a Loan

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Whether you’re the head of your family making ends meet, an entrepreneur starting a new business, or a young professional who wants to level up their lifestyle, a personal loan can help you if you run out of cash or don’t have enough savings. If you do your research, you can find that there are many choices for borrowing money. You can choose to loan from family, apply for salary loans, personal loans, and you can check out online pawnshops, among others. Here are five warning signs that you need to consider getting a loan now. 1. Emergency Hospital Bills or Medical Expenses via GIPHY No matter how careful or health-conscious you are, you can never be fully prepared for medical emergencies. You or your loved one may suddenly need to be hospitalized due to a critical illness any time, and we all know how high hospital bills can get, especially in the Philippines. Unfortunately, the majority of patients in the Philippines have to pay for their own bills, unlike other … [Read more...]

Identify and Avoid Loan Scams: Here’s How

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Loan scams are rampant everywhere. These may involve payment of fees for a loan that “lenders” promise to grant, but result in fraud or taking something from you either in the form of cash or personal information in the end. But no matter how much you warn people about loan scams, a significant number of people still fall prey to this fraudulent act. And the reason is quite simple: people dealing with money problems can easily get swayed by all kinds of deals. Further, since many loan scams transpire online nowadays, Malaysians are dubbed to be the most vulnerable to being victimized. A survey made found that almost 50 percent of the respondents have had a history of getting tricked by fraudulent practices on the internet. In the Philippines, economic and cyber crimes are prevalent, too—with reports saying that the country ranked seventh as the most attacked country on the mobile platform. Despite the bleak scenario, there are signs that give away that you may be dealing with … [Read more...]

Latest Gadgets To Pawn And How Much They’re Worth

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Pawnbroking has been around for 3,000 years! The history of pawnbroking tells that even England’s King Edward III famously pawned his jewels to finance war against France, and Queen Isabella of Spain is said to have put up her jewelry as collateral to fund Christopher Columbus’ expeditions to the New World. It has been providing loan emergency funds for people in need of financial assistance for so long! In the Philippines, there are many pawnshops as there are ATMs. The central bank reported that Filipinos are more likely to get loans. With that, pawnshops are widely available at both urban and rural areas of the country. No doubt statistics attest the important role of pawnshops to the financial lives of the Filipinos. Now, with everything digital, pawning has become more accessible with the rise of an online pawn shop called PawnHero. Unlike traditional pawn shops, PawnHero accepts more than just jewelry such as gadgets, laptops, luxury items and offers a much more convenient … [Read more...]