10 Mistakes Pinoys Do Before a Personal Loan Application

10 Mistakes Pinoys Do Before a Personal Loan Application

10 Mistakes Pinoys do before a personal loan application_Masthead

Personal loans are an easy sell for most Pinoys. They have flexible payment options, easy application requirements, and are readily available from banks. Most Pinoys use personal loans to start a business, fund their dream wedding, travel abroad, and start their home remodeling projects. Because personal loans do NOT require any collateral and have easy-approval, they are great for emergencies, too. But is that enough reason to get a loan? Continue reading 10 Mistakes Pinoys Do Before a Personal Loan Application

Investment Hacks That Will Make Your 2017 a Different Year

As 2016 draws to a close, do you feel you have achieved all your financial goals? If it’s a yes, you deserved a pat on the back, otherwise, you could just be in the same group as those who couldn’t afford a Christmas gift or dinner this year. Nevertheless, here are some investment strategies for 2017 to get you a bigger bank account.

It’s no secret, the only way to have more money is to actually make it grow. Saving is just one part of the equation then investments complete the whole balance. But like many, you may feel a bit intimated about the word investment. However, it’s not as hard as it sounds, and many wealthy investors today at one point were in the same position you are. Continue reading Investment Hacks That Will Make Your 2017 a Different Year

Did Your Financial Advisor Use Fake Credentials?

You have heard of diploma mills. They sell BAs, MBAs, and PhDs to individuals who want to look more educated than they really are.

Did you know there are also diploma mills that sell fake certifications and designations to financial advisors who use these credentials to deceive you into believing they are financial experts?

Unethical advisors know you do not question the advice of experts. This makes it easy to convince you to buy what they are selling.

Here are some interesting stats presented in this Infographic.

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What are fake credentials?

Real credentials have prerequisites, a comprehensive curriculum, proctored examinations, and continuing education requirements. Fake credentials have none of the above. There are no significant curriculums or meaningful tests. Advisors buy these credentials for a few hundred dollars.

Why use them?

Incompetent, unethical advisors know you want a financial expert helping you plan your future and invest your assets. Fake credentials help bad advisors convince you they are planning and investment experts.

Are they legal? 

There are no regulations that require advisors to disclose the work they did to earn their certifications and designations. It is your sole responsibility to validate the quality of their credentials. 

Why do they work?

If you are like most investors, unethical advisors know three things about you.

1.  Strings of initials after their names (alphabet soup) have a good chance of convincing you they are financial experts.

2.  Bad advisors safely assume you do not know what the initials stand-for and what they did to earn them. For example, everyone knows CPA® is Certified Public Accountant. A few people know CFP® is Certified Financial Planner™. But, most people know nothing about the other 250 designations that are used by real and fake financial experts.

3.  Unethical advisors know there is a low probability you will take the time to validate the quality of their credentials. Therefore, this is a safe sales tactic that can be used to deceive you into making bad financial decisions that benefit advisors more than they benefit you.

How do I avoid advisors who use this deception?

You can delegate investment work and decision-making to financial advisors, but you are solely responsible for selecting the advisor who does the work and makes the decisions. There is no regulatory agency that will protect from licensed advisors who use deceptive sales tactics.

When you select an advisor there is a free, fast, easy way to check the quality of their credentials. Go to Check a Credential at PaladinRegistry.com to view free reports and quality ratings for more than 250 frequently used certifications and designations.

Do you want to risk selecting an advisor who used deception to gain control of your assets? A few minutes now can help you avoid making a huge financial mistake that could haunt you for the rest of your life.

Source: Jack Waymire, Investor Watchdog, Paladin Registry

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.

PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Money Pitfalls To Avoid: Advise To New OFWs

Since joining the bandwagon to work abroad, you’ve been earning four times as much than when you’ve stayed in the Philippines. Your pay slip proves this fact. But why then are you more cash-strapped and debt-ridden as ever?

Many new OFWs fall trap to the promise of a bigger salary when they set out for overseas jobs. But what most OFWs don’t realize is the equally huge money challenge that may accompany this deal.

If you’re a new OFW or planning to become one soon, don’t fall trap to these pitfalls.

Cost of living blindside

In the Philippines, some things are arguably cheaper: rent, groceries, and even cab fares. Eating out and occasional movies won’t break the bank either. But if you find yourself in other corners of the world, be prepared if the price tags suddenly skyrocket.

A studio apartment might already halve your salary if you relocate to a big city, such as Hong Kong. Then there are the standard service charges and taxes that come with purchases. Even a simple haircut might cost you a few thousands in peso-terms.

Check the proportion of your income against your new place, and adjust your lifestyle according to what you can afford.

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Double household shortfall

While tending to your expenses abroad, you’re probably also juggling financial obligations back home. If you’re raising a family or have dependents staying behind, their spending is intertwined with yours.

This means utility bills will always come in two, as are other basic necessities. Do you have a budget list of your regular expenses? If not, you have to make two of such right now. It’s also equally important that your family knows how to value the money you send so that your budget is met both ways.

Cash cow dilemma

Since you’re earning dollars, some friends and distant relatives might have no qualms in designating you as the go-to person for emergency (or not) appeals for cash. Especially if it’s a matter of life and death, such as medical predicaments, most OFWs would oblige to foot the bill. The long list of common SOS to OFWs includes tuition fees, home repair, to business capital.

When doling out loans, remember to only lend an amount that you can write off. It’s also good to have a fund for these kinds of requests. Don’t be guilt-tripped if you set a cap to what you can offer as help. Far too many relationships have been strained by money issues, which could only get worse because of the long distance.

Wallet drainers

Many OFWs succumb to the temptation of buying the latest gadgets, designer bags, and custom jewelries (sometimes charged to credit). And some are constantly stuffing their balik-bayan boxes with sundry items from rubber shoes to canned goods. It’s partly shopping therapy from the stress and overwork they face.

Having spent a huge part of their income compensating for their absence in the form of material goods, it’s no surprise that many OFWs head home with little to no savings at all. They then sell or pawn expensive items they’ve purchased at a fraction of the cost. So goes the cycle especially for those who have to shell out placement fees.

If you’re prone to impulse buying, hold tight to your wallet and ask yourself why you decided to work abroad in the first place. If it’s to secure your children’s education or to fund a small business, then bid adieu to that flat-screen TV for now.

Big-ticket commitments

You might think that a pre-selling two-bedroom condominium unit might be the perfect investment for you. After all, the interest rate is waived and you have ten years to complete the payment. Or not – if you’re only on a three-year work contract abroad.

If there’s uncertainty that you would be getting the same income that you have from your overseas job in the long-term, it’s best to forego big-ticket investments if it’s going to cost you future headaches. You can focus on mutual funds or the stock market rather than commit to resource-straining investments such as real estate.

Far too often, money matters sidetrack OFWs from enjoying what living and working abroad can offer aside from fatter paychecks. Guard yourself from these common pitfalls – peace of mind is priceless.

*This article first appeared on www.angatph.com
— Raymond Calbay is an OFW based in Taiwan. He runs a website called HayPinas.org, a community portal for a new breed of overseas Filipinos. He also runs the Pagejump Editorial publishing house and is one of the authors of the best-selling Cyberpreneur Philippines. Know more about Raymond by visiting HayPinas.org and CyberpreneurPH.

How To Keep Your Debts Low

Are you worried about your current debt, or unsure whether you can make your payments on time? Don’t panic! Just like any other money problem there is, find out how you can make the situation less heavy on  your wallet by first looking for the root cause of where all your money is being shelled out on. We’ve rounded up the top helpful tips to help you get back on track and keep your money health in good shape.

1. Ask Yourself: Why Are You In Debt In The First Place?

Did you get a loan with a really high interest because you needed the money so badly? Or did you borrow money from a personal friend and now avoiding him because you feel ashamed?

Generally, you should only muster the confidence to get a loan if your total monthly debt payments does not exceed at least 30% of your income on your annual salary. So if you’re earning P20,000 net per month, you can only have a maximum of P6,000 to allocate if you plan on getting a loan.

This helps you provide a buffer so you can handle your expenses and when you’re paying back your loan.

2. Know The Difference Between Good Debts and Bad Debts

It’s considered a good debt if you start investing so you can increase your earning potential. For instance, education is a really good investment. Getting a house loan as compared to shelling out money for rent is also a good investment.

Bad Debts on the other hand include impulse purchases that you buy through your credit card. It’s probably a good idea to skip buying that designer bag even if it’s 50% off. You want to make wise spending choices from now on that you have existing debt to pay off.

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3. Make a Spending Plan

Many of us include in our New Year’s Resolutions a goal to be more mindful of our spending habits. A good way to start is to create a simple budget plan where we include our income, our expenses, the bills we have to pay, and our debts. This provides a better overview of how we handle our finances and make us more conscious to our spending habits.

Having a spending plan can also serve as our roadmap so we can ultimately get rid of debts and make realistic payments to the debts we’ve previously incurred.

4. Cut The Plastic

Many of us think of the credit card as a lifesaver especially when we’re running low on cash. We should think of credit cards as the extension of our hard-earned money that even earns finance charge when we are unable to pay it in full when the statement arrives. If you have credit cards, try opting for promos under the “0% Interest” program and just resort to using it for emergencies.

Remember: It’s often a better idea to pay in cash as it automatically does not tie you to any loans or interests from past purchases which may cause a dent in your wallet.

5. Get Rid of Unused or Unwanted Items

Turn your closet filler into instant money that you could add to your savings. Do spring cleaning and even sell the stuff you don’t want to make extra cash or to solve short-term money needs.

If you feel stuck in a rut, have a valuable item you’re not ready to get rid of just yet, you can choose to try pawning your items at PawnHero, the first online pawnshop in the Philippines and in Southeast Asia. PawnHero offers only 2.99% monthly interest rate as compared to traditional pawnshops today and only requires you to have a camera-enabled gadget and the Internet to find out how much you could initially get for the item you want to pawn.

So keep in mind these tips to help get your debt low and radically transform your life to make better and smarter spending decisions!

*This is guest post.

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.

PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now! P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

How Successful People Teach Their Kids About Money

How do you teach kids about money? There are lots of tips and tricks you can use to help kids understand that. Learning to handle money is a really important skill and I believe it’s never too early to start teaching them about value of money.

We all know how important financial skills are, so it’s a bit surprising that our children don’t learn anything about it in schools. As a parent, however, you have an obligation to teach your child important financial lessons. To help you a bit, we will share some money lessons from successful people in this simple infographic. It’s interesting to hear what some of the world’s richest people have to say about the one thing they don’t really have to worry about and how do they teach their kids about money.

The earlier you start teaching your children to save money, the better off they’ll be in the future.

Parental Journey

Follow my posts this year by subscribing to Rock To Riches for FREE!

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Rock your way to abundance!

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

The Weirdest Insurance Fraud Claims of All Time

While insurance plays a pivotal role in our society, there are downsides to any social system. Most of the time, insurance claims are routine matters involving minor damages or accidents. Once in a while, police reports might contain a funny sentence or two regarding accident-scene disturbances.

However, truly bizarre claims are sporadic and obscure. Some have become legends. If you Google “weird insurance claim” you will find numerous unconvincing reports involving anything from faked injuries to faked deaths. Every year, millions of claims from customers are made relating to damage to their property caused by a vast array of accidents. Although all claims are dealt with in a professional and serious manner, some tend to stand out more than others for their more unusual circumstances.

It can be difficult to imagine some of the events that claimants describe, but it is interesting to note that many of these fraudsters actually received pay-outs from their insurance companies. Top Quote have created this infographic that gathers the strangest insurance fraud claims ever made.

The Weirdest Insurance Claim Frauds  of All Time

Follow my posts this Season by subscribing to Rock To Riches.

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Due to popular demand, my good friend and business partner Jon Orana will be releasing again his online program called the Internet Business Master Class. This exciting online learning program is about creating and selling e-books in the internet. Here’s a FREE 23-page step-by-step guide on how to make money selling e-books including which topics to write. Enroll in Jon’s IBMC Class NOW until December 24 ONLY! Click here to enroll!

P.S. 3. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 4. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy before Christmas at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at The Pantry at 07 in Makati City and ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 5. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 6. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

5 Foolproof Ways to Boost Your Retirement Savings

Everyone looks forward to a retirement where they can relax, indulge in their hobbies and favorite pastimes, without the need to worry about getting up for work! In order to enjoy your retirement it is essential to plan for it now and build your retirement savings as quickly as possible.

The following methods will ensure you are comfortable in your retirement:

1. Review your current budget

In order to save more you must be able and willing to put more funds into your retirement accounts. The first step in this is to take a look at your current expenditure and where this can be adjusted to release more funds.

Automatic insurance renewal can inflate your annual premiums, unneeded or excessive phone contracts can drain your funds and even eating out regularly can limit you savings ability.

As part of your review, create a realistic budget which allows you to save for retirement and build an emergency fund whilst still enjoying your daily life.

Retire

2. Boost your current income

If the above exercise leaves you scratching your head, unable to locate the additional funds you need to create a retirement fund then you may need to consider earning more. You may be able to obtain a pay rise or work more hours in your current job, or you may need to look for a second job.

Alternatively you can start your own online business! A part time job can also be a useful tool after you have retired. It will boost your income and provide you with both mental and physical stimulation; something which is important for older people.

An important part of this is to check that you are obtaining all the benefits to which you are entitled; these can make a big difference to your lifestyle and savings capabilities.

3. Automation and vision

It is advisable to automate as many of your retirement savings contributions as possible. In some cases this will mean you do not even notice the money having gone; you will certainly not forget to make your monthly contribution!

In order to stick to this plan; particularly when funds are tight it is important to have visual aids in strategic places around your home and even your workplace. This will remind you of what you are saving for and ensure you stay committed.

4. Additional earnings

If you are lucky enough to get a pay rise, bonus or a small inheritance then you should invest this immediately. You do not need it to maintain your current standard of living!

Wherever possible you should seek to maximize your payments to your retirement accounts. The government sets yearly limits which can be invested tax free; if you can afford these then commit the money, you will benefit in the long term.

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5. Stocks

The stock market offers an opportunity to boost your retirement income significantly; it can also be a high risk strategy! It is essential to take professional advice and study the market before investing anything; you need to be certain you know what you are doing. The closer you are to retirement and the more funds you need to build the more risky the approach will need to be.

Alternatively if you already have a reasonable fund built up you can use this to purchase shares in companies which have a history of paying dividends. A yearly dividend can add a considerable sum to your income in retirement.

  • Another option is to purchase an annuity with the funds you have available; there are two main types of these:
    The immediate annuity will pay you a lump sum and then a monthly payment for life.
  • The deferred-income annuity does not provide a lump sum option, it will, however, give you a larger lump sum every month for life, starting from a pre-determined age.

Whatever your situation there is a way to boost your retirement savings and your income in retirement; the important thing is to start now.

Don’t do it on your own if you’re not a financial expert, and look for assistance. An advisor will know exactly what to do to help you boost your retirement savings. With these simple but effective tips you’ll live the most comfortable life by the time you turn 60.

*This is a guest post by Maxwell Donovan and Synaptic.co.uk!

 

15 Best Credit Card Balance Management Tips

Credit card balance can often be considered a battle. You know you should be able to use credit cards for its advantages, but credit overload can always get in the way. This article will help you know the best credit card balance tips available.

Tip #1 Limit your Credit Cards

There are several types of credit cards you can choose from. One too many can be a cause of too much credit card balance. You should limit the credit cards to suit your needs. Through Facebook marketing, you can view credit card choices and advantages. You will be able to limit your credit cards in a few clicks.

Tip #2 Prioritize PIN Security

It’s important to keep your credit card’s PIN private. You don’t want to complain to your local bank about stolen money and find out your sister went on a shopping spree without you. Keeping track of your balance means keeping your PIN to yourself. It is also advisable to change it at least monthly. The great deals you get when you keep your PIN are:

  • Knowing how much you spend for yourself
  • Keeping spending records private
  • Assessing your responsibility as a card holder
  • Avoiding scams and fraud

Tip #3 Pay Full to be Free

You should always pay the full amount of credits you owe monthly. Paying full will help you with all of these factors:

  • Avoid swimming in a pool of balance
  • Prevent the temptations of getting balance
  • Maintain good credit card score
  • Help you look good for emergency loans

Tip #4 Plan to Pay on Time

Paying on time will help you improve your status with credit. It may even ruin bad credit. Managing Facebook Management to keep you notified about your bank online may also be helpful. Your account will give updates on your bank’s availability to address your credit concerns and help you pay on time.

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Tip #5 Check Your Bills the Right Way

Did you know there is a right way of checking your bills? Here are quick steps to take in checking bills:

  1. Set a day and time to check your bills
  2. Check your bills weekly and keep it as part of your routine
  3. Be in a calm mind set as you check the bills
  4. Call your bank right away if you don’t recognize a certain payment

Tip #6 Spending Advice

Spend on money and credit you actually have. Overspending or spending on loans will make your balance worse. It would be best to spend your credit wisely and limit leisure to actual money bills. To spend wisely:

  • Separate your needs and your wants
  • Use paper bills to pay for your wants
  • Save up coins for something you want or a vacation
  • Use credit card loans for emergency purposes
  • Separate a card for business or health investments

Tip #7 Read Up to Know More

Your bank may email you notifications about your account. Instead of adding it to your spam or instantly trashing it, you read all of your notifications. Banks will not be responsible of possible fraud if you haven’t read the information they send you.

Tip #8 Marketing Tips

Maintaining your balance means you should follow these marketing tips:

  • Avoid cash advances because it will make your interest rates shoot up
  • Avoid being tempted by market offers easily
  • Prioritize low interest rate cards on the market

Tip #9 Avail Advantages

You should use possible credit card rewards. These credit card rewards are handy on weekends off or any holiday occasion. You should avail the advantages your credit card has once in a way before it expires.

Tip #10 Note down Your Expenses

Another great way to manage credit card balance is by writing down your expenses. The benefits of writing down your expenses are:

  • Pointing out extra payments you don’t need
  • Having an available record to match to your bank’s record
  • Having a good idea of your daily expenses
  • Knowing your investments with your wants and needs
  • Knowing the profits you have spent with your job or business

Tip #11 Deal with High Rates

If you can’t avoid high rates, you should consider the following measures:

  • Change to low rates for mortgages
  • Try out cards with low interest rates
  • Prioritize the highest rate
  • Tick off your debts one by one
  • Change to low rates with your credit card company

Tip #12 Budget for the Month

Work on your priorities to help pay off bad credit. Budget your needs for the month then squeeze in your wants with extra earnings. You may want your budget to look like this:

  • Pay the rent or mortgages first
  • Figure out your groceries for the month
  • Keep in track tuitions to pay
  • Calculate financial support given to your family
  • Calculate investments for your health insurance
  • Invest a small amount for your business opportunities
  • Pay your bills for your house and car

Tip # 13 Check out Credit Card Qualifications

When needing a credit card or renewing one, you should check your qualifications. These include:

  • Financial history
  • List of assets
  • Paying bills punctually
  • Income source

Tip #14 Take Credit Card Receipts

When you take your credit card receipts you will be able to have concrete evidence if there was credit taken from you mysteriously. These receipts are important and should not be discarded. You should always ask them from the services you buy from.

Tip #15 Let Your Bank Know

You should let your bank know:

  • If you have lost your card
  • Your credit card was stolen
  • You will move to a new address
  • You will transfer to a different card

The bank will help you take measures in dealing with these issues and your credit card balance. If your card was taken or lost, they can cancel the PIN number and give you a new one. The bank will also make certain actions so that your bills will be sent at the right place before deadlines. They are the best experts in consulting a transfer to a new card with lower rates.

Credit cards and having a balance can be a tricky balance. Credit cards should be useful because they’re safer and easier to use. To truly benefit from them, you can always look back at these tips to avoid bad credit and a heavy balance. You will find these tips very valuable. You’d want to share them to your friends and even do a little Facebook Marketing on the credit card advice you’ve learned.  Remember that credit cards are also a form of loans, and you, as a responsible owner, should know how to pay your dues. These pointers will truly help you in getting your credit card balance cleared.

Kash

Kath Martinez, understands the intrinsic attributes of making excellent content that suits the needs of every business especially when it comes online financing. She can conceptualize and implement marketing plans, explores profitable B2B opportunities. Visit us for more Loan services

*This is a guest post.