As gleaned from the last issue, credit score is a very important number in personal finance. It can affect our application for mainly all types of loans. Good credit helps boost credit score while bad credit almost always pulls it down. Most improvements to credit score take place over time and require an ongoing effort … Continue reading
Let us realize that there is value in protecting our credit rating and building a good credit record over the years. The use of credit should be matched with responsibility. Essentially, good credit is an asset that can help to fuel our future wealth. Credit, as defined by CreditSmart Asian, is the ability to borrow … Continue reading
A positive and growing net worth paves the road to wealth and financial prosperity. Joshua Kennon, in his Article “How to Increase Your Net Worth,” says that there are four ways to boost your net worth. Since the equation deals with assets and liabilities, then it means working around these two: · Build up your … Continue reading
All government officials and employees fuss over it every year. Only recently, it has received a lot of publicity and media attention, the impeachment of a Chief Justice on the issue of his SALN. Still, the burning question remains. Why SALN? The Sworn Statement of Assets, Liabilities and Net Worth or SALN is a declaration … Continue reading
As mentioned before, frugal living is living a more practical and spiritual way of life. Below are some ways to get started: · First things first, make a budget. When shopping, plan ahead the things that you will buy and stick to it. Refuse the temptation of impulse buys. Take advantage of store sales and … Continue reading
While Holy Week is already over, I have officemates who advocate a back-to-basics approach by living a frugal life. Frugal living is most necessary today than at any point in time. And I shared to them that there are many definitions of frugality as taken from various internet sources: · Frugality is akin to smart … Continue reading
Life is hard for everybody, but it’s much harder for some than for others. Putting our trust in Christ as our Savior does little to change that. Nothing in the Bible promises us a free pass merely because we are Christ’s followers. In fact, some of our wounds may not heal and some of our … Continue reading
This summer, save money on vacations by staying as close to home as possible. Check out the local attractions that you may have not noticed before. There is a wide range of drivable destinations depending on your dream escape. · Instead of hopping on a plane to an island destination, why don’t you try driving to … Continue reading
Taking a break from work is fun and relaxing but can be stressful because of untoward incidents. Planning ahead and getting your finances in order before and during travel would allow you to get the most out of your vacation. Below are some tips we gathered from websites mydollarplan.com and bankrate.com to help you protect … Continue reading
Looking for a wonderful vacation this summer without having to burn a hole in your pocket? Below are some ways you can save money and still have a great vacation and spend quality bonding moments with your family and loved ones: · We always go back to the budget. Create a budget for your summer … Continue reading
