The year 2020 is set to come to its end as December is fast approaching, and we all know what this means — your much-awaited 13th month salary is also coming. But before you proceed to buying random stuff and other expensive purchases, you might want to consider this read that will give you options on where you can spend your 13th month pay wisely and not just squander it. Ponder the following ideas to make the most out of your year-end bonus:   1. Settle your debt Photo from Alexander Mils / Pexels Debt has the huge potential...

Being able to finally achieve financial freedom is everyone’s major goal. But, where should we start first or what is the first thing that we should do to attain it? Financial freedom simply means having enough savings, stable source of income, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our loved ones. Financial freedom also includes being financially secured — and being insured is one of the ways in order to have financial security. Being insured gives one a peace of mind knowing that if anything happened to you, your family’s...

Is investing in your first property during a pandemic a bad idea? Experts disagree. Most people — including you, might have been asking themselves the same question as they have been seeing property developers and agents posting pictures and advertisements of condos, and house and lot at encouraging low mortgage rates and down payment on social media. But with the pandemic telling us to be mindful of our spending, it’s easy to feel guilty. After all, taking advantage of a crisis to start a property investment might sound opportunistic and impulsive. Although investing may be a personal decision, it can...

What is Emergency Fund? Is Emergency Fund really important? How is it going to help us financially? How should we be able to save up for emergency fund? An emergency fund is a money you save up to set aside and use when unplanned financial expenses occur like family crises which can support the unemployment of a family member, health issues, and an abrupt travel expenses due to serious matter. This can also support personal matters like unfortunate loss of job because of company shutdown or retrenchment, mostly during the pandemic.   "Filipinos are somewhat confident with their finances but...

Christmas. What comes to your mind when you hear that word? Is it about the laughter, joy, and giving gifts? Or do you feel more anxious over money you are going to spend? Let’s face it, as an adult, Christmas can sometimes be stressful, overwhelming, and worrying. This is because we oftentime spend a lot more money than what we actually planned. Some of the causes of overspending is due to the last minute Christmas shopping and not having a plan ahead of time before the season arrives. It’s not just a happenstance that you get to spend more than...