WHEN you were a kid, I’m sure a lot of people asked you what you want to be when you grow up. And as you entered school, the question changed to what career you want to pursue. It was exciting to answer these questions, primarily because we had the freedom to choose among many possibilities, to decide which direction we want to go in life.
WHAT do you want to do this summer? Do you want a 1-week vacation in Boracay? What do you want to buy within the next few months? Do you want to buy a new smartphone? A new laptop? What about next year, or two years from now? Do you want to buy a car? Start your own business? Pay that downpayment for your dream home?
YOU’VE been doing a lot of changes to improve your financial health. You’re proud of your accomplishments and your friends could tell that you’re doing well. Then one day, a friend confides that he’s been having money problems and hopes that you could help by lending him some cash.
A participant in a personal-finance workshop that I was conducting asked, “How do we avoid spending during a mall sale?”
CASH is king.
BUYING a condominium and calling it home is now common in urban cities such as Metro Manila. While buying a house and lot is still a dream for many Filipinos, young urban professionals and newlyweds are opting for condos as their starter home.
GROWING up, the only money lesson I really learned from my parents was that it’s important to ‘save money for the rainy days’. While that is indeed an essential lesson, to me at that time, this simply meant that I shouldn’t spend all my allowances and make sure that I save some for my piggy bank.
PERSONAL loans are so accessible these days. You can even apply for it online. And most don’t need collateral and just base your approval on your creditworthiness.
KEEPING a budget can be a powerful tool for managing your finances, but it is not always easy to make. When writing up a budget, it is necessary to know how much money you spend on what purchases. A spending journal is a great way to add up and even itemize expenditures.
WHAT financial goals should you strive for in your 20s, 30s and until you retire in your 60s and beyond? Here’s a list that can serve as your guide.
WHAT is it like to be debt-free? What does it take to live a debt-free lifestyle? Is it possible to become debt-free on a low income?
STARTING a business remains among the top aspirations of many employees.