Skiddoo Philippines Inc

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.

Skiddoo Philippines Inc

Rock To Riches Rocked at the Colegio de San Juan de Letran

The Letran Junior Financial Executives invited Rock To Riches’ Carissa Patag last October 9 to speak to their members in a seminar focused on Financial Modeling.

The seminar was held at the Quezon Hall of the Colegio de San Juan de Letran in Intramuros, Manila and was attended by the school’s financial management students. The seminar kicked off with an opening prayer by Nicole Estacio and an opening remarks by Joshua Gonzaga, the organization’s VP for External Affairs. It was graciously hosted by their PR Officer Joan Sanchez.

Carissa’s talk on Introduction to Financial Modelling emphasized that as students they are actually already applying financial modeling by simply handling their money and valuing their assets.

Carissa interestingly explained the meaning of financial modelling and its other factors by showing some graphs and engaged the Letranites in analyzing and answering some challenge questions.

Another invited speaker was Nelson S. Abeleda, a CPA who became a professor in Letran. He is also an author of an Accounting book.

Nelson talked about Career Development and he gave the students some advice on how to be successful in the future. He encourage the students to become entrepreneurial and to not depend solely on the salary that they will receive in the future.

The seminar ended with a closing remarks was made by Shaine Bautista, their VP for Internal Affairs.

Here are some images from the Financial Modeling seminar.

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Rock To Riches’ Carissa Patag speaking to JFINEX Letran’s students about financial modeling

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Rock To Riches’ Carissa Patag speaking to JFINEX Letran’s students about financial modeling

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Rock To Riches’ Carissa Patag speaking to JFINEX Letran’s students

*News and images contributed by Charlene Mae Dana, Letran JFINEX Auditor

Skiddoo Philippines Inc

More Pinoys Purchase a New Car with help from Financing

In the first quarter of this year, Bangko Sentral ng Pilipinas (BSP) reported that auto loans increased by 26% to P244.61 billion from P194.37 billion the previous year.

The demand for car loans in the Philippines will continue to increase as more Pinoy car buyers see financing as a better option when purchasing a new car, Carmudi said.

In its recent study, the company reported on the growth of car financing in the Philippines as well as other emerging markets. The white paper entitled “Car Financing in the Philippines” provides a look into the current and future state of car financing and how consumer attitudes toward credit have changed in recent years.

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As the demand for auto loans continues to grow, local lenders are coming up with various strategies to entice buyers such as lowering interest rates and offering attractive products and freebies to raise their share in the industry and to give them a competitive edge, the startup firm said.

Kris Lim, the firm’s marketing head, said that interest rates for car loans generally depend on the bank but usually range from 8.93% to 12.60% per year.

Lim said that aside from banks, car dealers also offer in-house car financing.

Subir Lohani, Managing Director of Carmudi Philippines, said, “Car financing has always been an option that consumers in the Philippines look at when buying a car.”

“And as more banks and financial institutions offer attractive loan programs and require low down payments, we expect auto purchases through financing will continue to flourish in the country,” the top executive added.

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About Carmudi

Carmudi was founded in 2013 and is currently available in Bangladesh, Cameroon, Congo, Ghana, Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines, Qatar, Rwanda, Saudi Arabia, Senegal, Sri Lanka, Tanzania, United Arab Emirates, Vietnam, and Zambia. The vehicle marketplace offers buyers, sellers and car dealers the ideal platform to find cars, motorcycles and commercial vehicles online.

For Media Inquiries, kindly contact:

Kris C. Lim
Head – PR and Marketing
Carmudi Philippines
Unit 2901, Antel Global Tower, Julia Vargas Street,
Ortigas Center, Mandaluyong City
Mobile: 0917-4140607
Email: kris@carmudi.com.ph
Skype ID: kris

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This is a guest post.

Skiddoo Philippines Inc

The Importance of Travel & Tourism to the Global Economy: An infographic

One reason for the growth of travel & tourism is the rise in the amount of bleisure trips. Bleisure is a combination of business and leisure trips and 72% of business travellers now add a leisure component to business trips.

The hospitality sector needs to properly understand their customer segments and stay relevant to them. There is a great opportunity for hotels and restaurants to stand out from the crowd and create unique experiences for guests on each visit. This will help them to thrive in a market that keeps on growing.

The-Importance-of-Travel-and-Tourism-to-the-Global-Economy

Skiddoo Philippines Inc

The Economy Is Booming: 5 Places Where You Should Put Your Money

You’ve probably heard the news: The Philippines has one of the most vibrant economies in the world, rising faster than any other country in Asia next to China. We are no longer “the sick man of Asia,” but “Asia’s rising tiger.”

Unfortunately, it’s hard to feel these economic gains if your money is simply lying in your piggy bank or savings account. While it makes sense to save for the rainy days, majority of personal finance experts would also advise you to allocate a portion of these savings into promising investments. These have the potential to double or even triple your capital in the long run.

Take a look at the following investment vehicles and see what best fits you:

Bonds

If you want your money to earn interest, you can invest in credit instruments like bonds. Essentially, bonds are contracts in which an investor lends money to a borrower, like the government or a corporation. The borrower then agrees to pay interest at a fixed amount.

These investments are good for those who want security and have low risk tolerance. If your financial goal is to protect your capital, then bonds certainly fare better than stocks. But since it has minimal risks, expect the returns to also be minimal and incomparable with what you might possibly get from equities.

Mutual funds

Mutual funds are basically pooled funds from various investors managed by professional fund managers. When you pool your money with other investors, you create a bigger capital that can be invested in various instruments like bonds, stocks, and foreign exchange.

One of the biggest advantages of mutual funds is diversification, which lowers your exposure to risks. If one investment fails, you don’t lose all your capital because it is invested in other channels. You can earn from mutual funds through asset appreciation, interest, and dividends. Choosing the type of mutual fund—fixed income, money market, equity, or balanced—depends on your financial goals and risk profile.

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Stocks

Buying a stock from a company means you become part owner of that company. Many financial experts would tell you that now is the best time to invest in the local stock market, since the Philippine Stock Exchange has been outperforming even some of the biggest markets around the world. Investing in the stock market gives you high returns, especially over the long term.

However, it is also highly risky, as you could lose a significant amount of your capital if you don’t have a strategy in place. Though the basic principle is to buy shares at a low price and sell them at a high price, you need to study the market first and keep yourself updated on the companies that you’re investing in to make sure that you maximize your earnings.

 

Businesses

Putting up a sound and profitable business is also a great way to make your hard-earned money work for you. All you need is capital and a good business idea that responds to the needs of your target consumers. You also need to have the right attitude towards business, and that includes a lot of patience, optimism, and guts.

If you’re not too confident that you can start a business, maybe you should consider franchising. This is advisable to startup entrepreneurs who have yet to gain business management experience. This way, you can take advantage of a brand’s popularity and strength to make your venture profitable.

 

Financial education

Finally, investing in your own financial education is your most valuable asset when it comes to building wealth. That means grabbing every learning opportunity that comes your way. You won’t be able to successfully invest in bonds, stocks, businesses, and mutual funds if you have no idea what you’re doing. Warren Buffett is even said to allot 80 percent of his working day to reading and learning and 20 percent to actual investing.

These days, there are no excuses for lack of knowledge. You have the whole Internet at your disposal, and a simple Google search on the basics of investing will yield thousands of results. You can also use free apps like Born2Invest to get your daily fix of business and finance news that will help you make the right investment choices.

There are also countless financial seminars that you can attend to expand your knowledge base and network with like-minded people. Take full advantage of the booming Philippine economy through investing in it. Consider the amount of money you have, your financial goals, and your risk aversion to help you choose the investment vehicle that’s right for you.

**This is a guest post from Born2Invest.

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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. Order your copy now from our website http://pepotanddora.com and have it delivered right at your doorstep. 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.
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P.S. 4. If you are based abroad or just outside of Metro Manila and has been itching to learn more on how to jumpstart your business dreams, join me and my friend, serial entrepreneur Ginger Arboleda, as we take you through a series 2-hour webinars (for 11 Saturdays) that will help you focus on the technical skills and specific things that you have always wanted to know about in order to grow your business. We have come up with 10 sessions with 11 expert lecturers (with 1 FREE session if you enroll in the full program) that will make you a stronger and better entrepreneur. Register here to join the Enter Entrepreneurship Webinar Program now!

P.S. 5. Learn How To Make Money From Foreclosed Properties! We are on our 3rd run of the Usapang Foreclosed Property Investing with Jay Castillo of ForeclosurePhilippines.com! Happening on September 26, 2015 at the SMX Aura, Bonifacio Global City. Click here to register and avail the early bird promo!

P.S. 6. Buy insurance products online! Visit the very first online insurance store in the Philippines: the AXA iON! Purchase your alternative savings plan, educational plan for your children, medical emergency plan, and your life insurance by clicking HERE.

Skiddoo Philippines Inc

OFW Friends, What Do You Miss About the Philippines?

MANILA, Philippines — Google Philippines has launched a campaign to crowd source a song dedicated to our beloved overseas Filipino workers (OFW) to be released in time for National Heroes Day on August 31.

“We are doing it for the OFWs kasi alam namin na mahirap ang buhay ng mga Pinoy abroad (because we know the hardship Filipinos experience living abroad) and one of the things they miss the most are friends and family and all things Pinoy like music,” Google Philippines marketing head Ryan Morales said.

Users — whether an OFW missing the country or a Filipino missing OFW/s — need only to post their contribution using the hashtag #GoogleMissKoNa on their social media accounts. Google Philippines will then curate the posts with the help of five local artists Sponge Cola, ItchyWorms, Kjwan, Ebe Dancel, and Mikey Bustos, all of which will also help in putting the melody together and recording the song.

Ang mga Pilipino sentimental talaga kaya ang sarap nila bigyan ng song na puwede nilang kantahin kapag nami-miss nila yung Pilpinas (Filipinos are really sentimental so it really feels good to make them a song they could sing whenever they miss the Philippines),” Itchyworms drummer Jazz Nicolas said.

If asked to submit his own contribution, Nicolas said it would be about Pinoy’s natural warmth and hospitality.

“Mas warm talaga yung Pinoy lalo na kapag nakakita ka ng kapwa Pinoy sa ibang bansa alam mo close ka na. Mayroon talaga kayong bond agad (Filipinos are really warm especially when we meet each other in other countries; as if we have known each other for a long time. There is an immediate bond),” Nicolas said.

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Every submission to the song will also amount to a P1 donation made in behalf of the Blas Ople Policy Center to build halfway houses for victims of human trafficking.

Google said the initiative is also part of their “Balikbayan” campaign which “aims to reconnect overseas Filipinos with their families and friends and help them sustain and enrich their relationships despite physical barriers.”

*This article by Jose Bimbo Santos first appeared on InterAksyon.com

Skiddoo Philippines Inc

What’s Your Starting Point? (On Being Ready and Prepared for the Future)

As a young professional, the first paycheck that we earn is very special to us. It opens up a new world, the world of spending. We often see the money that we earn as asset that we could just spend, the ability to finally buy things for ourselves. It often leads us to becoming careless on our spending.

Why do we have this mentality? Because in school we were thought to think in terms of science, history, ethics, math, don’t get me wrong, all these thing are great and important in honing us as individuals, but do these subjects actually prepare us for the real world? Does it prepare us for taxes? Does it teach us to budget, save and prioritize? Continue reading What’s Your Starting Point? (On Being Ready and Prepared for the Future)

Skiddoo Philippines Inc

Of Red Flags and Investment Scams

“I have investment for everyone who are interested.
Invest 10k for 6months time.
And the end of 6months
You get 15500 fixed amount. Pm me.

No scam
No bogus
No networking
Pure investment” Continue reading Of Red Flags and Investment Scams

Skiddoo Philippines Inc

On Gilas, Laban and Puso In the Game of Life

The Gilas Fever is not yet over. In fact, it’s just started. After the Cinderella run in the elimination round of the FIBA Worlds, the Philippine team still emerged as champions in the hearts of both the Filipinos and foreign fans. Yes, they lost 4 times and won only once. But in all those almost-won-close-games, what really prevailed was the big heart or “puso” that has really earned the admiration and respect of all.

Here’s a very heart-warming blog from a friend who was very well known for giving enlightening and non-biased advise to her listeners and followers. Being the other half of the very popular and sorely missed puso-filled Paul and Cherry of Lite Rock Favorites of the Week (LRFW) of the defunct radio station, 96.3 WRocK, Cherry once again shares her wisdom and personal views about Gilas and how this can relate to our everyday lives.

Sit back, read, and be inspired! Puso! :) Continue reading On Gilas, Laban and Puso In the Game of Life