budget

How to Start a Small Business in Just a Few Steps

August 3, 2017 by Contributor 1 Comment

*Contributed by Rocky Chan.

As the SME industry is getting tougher and more competitive by the day, along with the rise of many business ideas and concepts unlike any other, your business should outsmart everyone else. It’s going to be a tough road, but coming up with a strategic business plan will surely take your business to a whole other level.

With endless possibilities for unique business ideas, it’s no wonder that small businesses are everywhere. The concept of designing a career that can grow with you while you work towards financial independence, as well as investing in yourself is a huge factor in striving to nail that business idea that can give you.

There are many things you can do to start a small business and eventually, grow it into a big one. Here are the initial steps you need to take to make that business dream come true.

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The Steps Towards Building an Emergency Fund

May 20, 2017 by Contributor 1 Comment

*Contributed by Eric Brown.

Financial management is a skill that many in the USA appear to have missed. The amount of credit card debt alone suggests that many regard their credit cards as a license to spend, often with little regard to whether they can afford the purchases. Consumers are paying a heavy price for the privilege of having a credit line and credit card companies are only too willing to profit from that. The high rate of interest they charge spells trouble for ordinary people who have not learnt the principles of good financial management and budgeting. Worse still, few seem to have the resources set aside to address a financial emergency. These things do happen and if people need to resort to even more card spending to address the problem, then their troubles are likely to worsen. Do you see yourself in this position?

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Sampung Payong Natutunan ko Tungkol sa Success at Kung Paano Maging Matipid

February 28, 2017 by Ray L. Leave a Comment

English Version (Click Here)

Ang ating mga magulang, kaibigan, at karanasan noong ating kabataan ang una nating guro na nagturo satin kung paano maghawak ng pera, at ang mga natutunan natin noon ay madalas mananatili hanggang sa ating paglaki. Hindi nito ibig sabihin na hindi natin kayang magbago at mas-gumaling pa. Sinwerte ako at marami akong natutunang mabubuting aral tungkol sa success at sa kung paano maging matipid noong bata ako. Dahil doon, isinulat ko ang aking top 10 tips dito.

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10 Success and Frugal Living Tips I Learned Growing Up

February 28, 2017 by Ray L. Leave a Comment

Tagalog Version (Click Here)

Our parents, friends, and our early experiences are our first teachers on how we handle money, and what we learned during childhood tends to stick to us as we grow up. That doesn’t mean that we can’t change for the better though. I was lucky enough to learn some excellent financial success and frugal living tips when I was a kid, and I’ll share my top 10 tips with you here.

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7 Ways You can Raise a Financially Responsible Child

February 24, 2017 by Contributor Leave a Comment

*Contributed by Amy Nickson.

One day, your little child will face the big world all alone. As a parent, it’s your responsibility to inculcate good money lessons in them. Teach your children as to how they should manage their money and why money management is important.

How can you help your kids to become financially responsible? It is easy: Have a look:

1. Help them find a job

Children need to know that money is not easy to come by. Discuss with them why they need to work. This way they will understand the value of money and where the money comes from.

How can kids make money? Kids can make money by babysitting, starting a lemonade stand, car washing etc. But, these involve more direct money. So, the best ways in which your kids can make some money are by helping you out with your household chores. You can ask your kids to help you in cleaning the house, cooking and washing. In return, you can pay some money to your kid.

If your child loves pets, you can also allow your kids to do pet sitting or they can also become a dog walker. This is a great job for earning a little money.

2. Give them a piggy bank

You must encourage your child to save money. Tell them the importance of saving money . Gift them a piggy bank and tell them to save whatever possible.

3. Discuss financial goals with kids

Explain to your teens why it is important to set financial goals. Help them work out how much money they need to put away for achieving their goals. You can also discuss with your young adults regarding their short-term and long-term financial goals. Discuss with your children how much allowance they should spend each week and how much they must put towards short and long savings. Ask them to save money for charity as well. [Read more…]