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...]

7 Money Habits That Make Millennials Richer


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


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...]

Don’t “Hi, ‘Teh” Me: Street-Level Harassment and How to Deal with It


Let me share with you a personal story. A couple of years back, I worked as a copy editor for a marketing company in Quezon City. It was a demanding job that required me to work long hours, and my shift usually started at 11 PM or ended at around 9 or 10 PM. One time, at around 9:40 PM, as I was making my way to the jeepney station in Cubao, a guy came walking towards me. When he was close enough, he leaned in so his face was near mine, and whispered, "Sipsipin ko yan." It was raining when I left the office, so I was bundled in several layers of clothing. I had on a dress, a cotton jacket, and a knee-length fleece coat on top of everything. I was confused--why did that happen when I was fairly covered? I froze on the sidewalk in a mixture of shock, disappointment, and disgust. It was not the first time something like that happened to me. I was almost picked up by a man in a car who kept calling me his “beh” and “ma,” if only I didn’t have the presence of mind to approach another … [Read more...]

Beginner’s Guide to Stress-Free Budgeting


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 Survive “Petsa de Peligro”

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Many Filipino workers dread when the payday falls under a Monday or Tuesday since this entails that they will go through the weekend without funds. This is the price that most people pay because they tend to splurge upon receiving their paychecks without thinking of spreading their budget for the next two weeks. But how do you deal with instances like this? Here are some tips you can apply on your remaining funds so that you can still have money until you get your paycheck by next week. 1) Bring the exact amount of money to work to avoid overspending. We can spend more if we have access to all our money within an arm's reach. What you can do is leave your ATM and credit card at home and bring the exact amount of money needed for the workday so you will not be pressured to spend above your intended budget. How can you spend if you do not have the cash or card with you? Just borrow money from other people if an emergency occurs and not just out of whim. 2) Catch up on … [Read more...]

Lifting the Masks: Here Are Your PawnHeroes


Unlike many superhero origin stories, PawnHero didn’t begin in loud, spectacular, or even weird (we’re looking at you Bouncing Boy.) At PawnHero, our “origin” has everything to do with the men and women who work hard everyday at different roles within the company. These are the people that make it all happen essentially. So, as we celebrate one year, we lift up their masks and proudly unveil their personal stories as well as the reasons why they’re so passionate about PawnHero. Desiree Villota’s amazing powers of invisibility means you can’t see her in the picture (it’s not like she’s shy or anything. She’s invisible.) You can feel her long-reaching influence as she helms the way through the intricate and complex world of business intelligence. Always one to seek ways of bettering herself, she took the job at PawnHero as a personal challenge. She sees the job as an opportunity to be at the very start of something. What keeps her fighting on when the challenges run high is the … [Read more...]

A Beginner’s Intensive Guide to All-Inclusive Living


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...]

3 Ways to Mess Up this Long Weekend


After the early hustle and bustle of the first part of the year, our first long weekend is upon us—and admit it, you’ve been waiting for it. You have the Chinese New Year 2016 to thank for that, and don’t deny that you’d happily tell everyone how you’re half-Chinese if your boss didn’t let you take the Monday off. Most people like to look over the different things you can do to make the most out of this. We at PawnHero prefer to be cautious—we handle many a personal loan, after all. So we look at three ways you can mess up the long weekend and how you avoid them. 1. Bringing work home Someone once said that it’s better to work smart than to work hard. Part of that mindset includes using your downtime for, well, downtime. Bringing home your work, especially on the long weekend just essentially extends your workweek and cuts into crucial recovery time for your body. It becomes only even slightly worth the effort if you’re being paid for what you’re doing. If you really are in need of … [Read more...]

10 Financial Decisions to Make Before or in Your 30s

  While the 20s is the time when most people are still trying to discover their own paths, the 30s is usually the age where people start to realize they should already be on the road to settling down. If you’re anywhere between that age, and have started to think of taking financial matters in your own hands, read on as we dish out tips to help you make the right financial choice for the long haul. At this point, your financial decisions will shape the type of life you will have in the future, which means making the right and best choices essential -- You want to lessen committing the same money mistakes over and over again, so read on and learn how you can make sound important financial decisions before your 30th birthday. 1. Maintain a Budget Budgeting is something a lot of people don't like to do. However, it is necessary because it helps you keep track of where your money goes. Doing this enables you to better understand your spending habits and figure out … [Read more...]