Wealth and Finance

Key Tips On How To Reduce Your Credit Card Debt

March 26, 2019 by Contributor Leave a Comment

*Article contributed by Sarah Morris.

There are a lot of benefits in using a credit card. If you’re a good payer, you can enjoy different rewards programs, complimentary travel insurance, and purchase protection insurance with a credit card. You’ll also be carrying less cash, improving your safety and security while shopping. While all of these things might seem enticing for you to get a credit card, you should also think about the aftermath of your purchases. As a responsible individual, you should also work on reducing your credit card debt. Over time, credit card debt can cause you to fall into a financial turmoil and can adversely affect your life in the long run.

Because of the convenience of owning a credit card, you’ll be tempted to spend more than what you have initially budgeted. This is one of the most common problems people have when they own a credit card. If you already see yourself being caught in this situation, slowly recover from it by following the tips below:

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What are Bonds? (Investing Basics)

March 19, 2019 by Ray L. Leave a Comment

Tagalog Version (Click Here)

*This article contains affiliate links.

If you’ve started learning about investing, you’ve probably heard about investments called bonds. Along with stocks, real estate, and mutual funds/ETFs, they’re another popular investment vehicle. While bonds have lower yield (how much you can earn), they’re generally less volatile and they behave differently compared to stocks and mutual funds.

We’ve covered stocks and mutual funds on previous articles (click those links), now let’s talk about the basics of bonds and the bond market here!

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How to Spend Money Wisely (Our Number One Tip)

March 12, 2019 by Ray L. Leave a Comment

Tagalog Version (Click Here)

Let’s talk about the one question you should ask yourself before you spend your hard-earned cash. When you first learn about personal finance and spending money wisely, you first learn how to “pay yourself first” and how to invest. You also learn how to pay off and avoid bad debts, the difference between needs and wants, assets and liabilities, insurance, taxes, and more.

This lesson is about what you should do with the rest of your money. In other words, it’s about how you can make the best use of your leftover cash after saving and investing.

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Bridging Finance Can Help You Get Your Dream Home

February 7, 2019 by Contributor Leave a Comment

*Article contributed by Sarah Williams.

Most of the people around us work hard all their life to build assets that they can use and pass on to their children. It takes years of hard work and budget cuts to even buy a basic apartment. However, who does not want to live in a big house which has the perfect gym to workout in, a large outdoor area to get yourself tanned along with a small garden at the back. Most of us take that thought every day at work to move closer to their dreams and try to bridge it to reality.

While getting the desired house for new home buyers can be a daunting task, it can also get really tricky for house owners who want to sell their existing homes and buy a new house.

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How to Get Your SSS UMID

February 6, 2019 by Ray L. 1 Comment

Tagalog Version (Click Here)

If you need to do some paperwork like opening bank accounts, opening investment accounts or something else, you will most likely need a valid government ID. There’s a lot of valid IDs you can use like your driver’s license, passport, voter’s ID, postal ID, and a few others.

One of the most important IDs you can use, however, is the Social Security System (SSS) Unified Multi-Purpose Identification (UMID) or SSS UMID. I got my SSS number long before 2010 when this ID was first implemented so I only recently applied for mine last December 2018. If you’re in a similar situation, then this guide is for you.

You’ll first need to register for an SSS number for this, but once you’ve already done that getting your UMID should be easy. Here’s how to get an SSS UMID Card.

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