bad debt

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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Which Is Better for You, a Credit Card or Personal Loan?

July 20, 2018 by Contributor 1 Comment

*Contributed by Shiv Nanda of MoneyTap.com.

Credit cards and personal loans are both good solutions for financing regular expenses as well as unexpected ones. Both products are basically unsecured loans that do not require collateral backing, and you can repay them over time.

So, how do you choose which one to get?

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Paano Malaman Kung Sulit ang Iyong Paggastos (o Hindi)

May 8, 2018 by Ray L. Leave a Comment

*Ang article na ito ay naglalaman ng affiliate links.

English Version (Click Here)

Nagbigay si Orison Swett Marden ng mabuting payo para malaman natin kung sulit man o hindi ang paggastos natin ng pera: “It is wholly a question of what you get out of your expenditure, not its amount, which makes it a wise expenditure or a foolish one.” Ang nakuha mo sa iyong paggastos, hindi ang laki ng halagang ginastos mo, ang batayan ng kabutihan o pagkasulit ng iyong gastusin. Kung lamang ang pakinabang na nakuha natin kumpara sa ginastos, mabuti ang paggastos natin. Eto lang ang kailangan nating tandaan. Ang halaga ng bagay ay hindi palaging maitutugma sa presyo nito, at napakaraming gastusin ang walang kwenta gaano pa man kaakit-akit ang bawas o pagkamura nito.

Heto ang isang maiksing guide na pwede mong gamitin para malaman kung maayos ba ang iyong paggastos ng pera.

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How to Tell if You Spent Your Money Wisely (or Not)

May 8, 2018 by Ray L. Leave a Comment

*This article contains affiliate links.

Tagalog Version (Click Here)

Orison Swett Marden gave some good advice on how we can tell if we spent our money wisely: “It is wholly a question of what you get out of your expenditure, not its amount, which makes it a wise expenditure or a foolish one.” If we got more value compared to what we spent to get it, then it’s a good deal. The thing is, value is not always connected to price and a lot of expenses are terrible no matter how exciting the discounts seem.

Here’s a short guide you can use to tell if you spent your money wisely.

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20 Quotes Tungkol sa Utang na Kailangan Mong Basahin NGAYON

September 26, 2017 by Ray L. 1 Comment

English Version (Click Here)

Ilang buwan na ang nakalipas mula noong panahong naghahanap ako ng bagong cellphone at naisip kong bumili ng top-class phones at bayaran ito ng hulugan. Dahil may stable akong income mula sa streaming, naisip ko kakayanin ko naman itong bayaran.

Sa panahong iyon, nagdalawang isip ako at bumili na lang ako ng phone na kayang gawin ang kailangan ko at binayaran ko ito ng buo gamit cash.

Habang nagbabalik-tanaw ako, mabuting desisyon nga iyon. Ang streamer contract namin ng ilang mga kakilala ko ay biglaang naterminate at kasabay nitong nawala ang income ko mula doon. Kung nangutang ako para bilhin ang gadget na sobrang mahal kumpara sa pangangailangan ko, baka naging malaking problema iyon. Salamat naman at ang mga natutunan ko tungkol sa pag-iwas sa bad debts o utang ay nakatulong sa desisyon ko noon.

Ang ilang aral ay nangangailangan ng isang buong libro habang ang iba naman ay nangangailangan lang ng ilang salita. Ang halaga ng isang idea ay hindi natatagpuan sa dami ng salitang ginamit dito kundi sa kung gaano ito kahusay sa pagtuturo sa atin ng kailangan nating matutunan. Dahil doon, madalas akong magshare ng quotes o kasabihan sa aking mga articles. Kapag nagamit ang mga iyon ng mabuti (at sana nagamit ko rin sila ng mabuti), pwede nilang idiin sa iyong isipan ang mga aral na naituro. Hayaan mo akong magshare ng sampung quotes o kasabihan tungkol sa bad debt o utang at sana mainspire ka nitong mag isip ng mabuti kapag ikaw ay mangungutang para bilhin ang mga bagay na hindi naman pasok sa iyong budget.

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