You cannot stop inflation from happening. Prices of goods and services will go up. It is all part of the economic cycle. For as long as you are a consumer, you need to start caring about inflation because it will affect you whether you like it or not. No one is exempted from the pain of having to go through the rising prices of goods and services, wherever you are in the world. The good news is that there are some things that you can do to protect yourself from inflation
Money has always been a top source of stress for most people. If not addressed, debt and worrying about money can lead to serious physical, emotional and even relationship problems.
How to solve money problems then? There are tons of financial advice that people probably already heard or read about. In fact, most of these advices are simply common sense yet one the greatest mysteries about life is that no one really follows them. It looks so easy to do but for most people, it is very difficult to follow.Read More »
You have been working very hard all your life. Yet, you found yourself in the same financial situation over and over again. Your income is barely enough to cover your basic needs. You are trapped in the rat race. You often wonder, what is it that you have been doing wrong? How come there are some people who are getting richer and richer by the day while you who had been working very hard is getting nowhere?
As you pack your Christmas decorations back in their cabinet, the money that you’ve blown away during the holidays is now finally sinking in. The mere thought of looking into your credit card account balance may even petrify you. If it’s any consolation, you are not alone in your predicament.
It’s the Christmas season once again. For a country with more than 80% of the population predominantly Catholic, it is not at all surprising that Christmas is the most celebrated holiday for Filipinos. Unfortunately, Christmas is also that time of the year that we just toss away or budget without thinking of the consequences.
To live beyond your means simply means that you are spending more than what you can afford. Statistics show that a great majority of employees nowadays are living from paycheck to paycheck without any kind of financial cushion. While we all deserve to spend our hard earned income, spending beyond our earnings and racking up debt in the process is a recipe for financial disaster.
To live beyond your means is to spend more than you earn.
Spending wisely is all about being smart on what you buy with your hard earned money. Majority of people tend to splurge on things they don’t need because of FOMO or the fear of missing out. They want to keep up with everyone else or they simply want to impress other people. Others simply fall prey to expert marketers who were able to convince consumers in buying stuffs that they don’t need.
It is acceptable to splurge on things that you like every now and then especially if you have the means to do so. However, it is not right if you fall heavily into debt by doing so. The last thing that you want is to end up selling the things that you need later on.