Category: Community

Will You Marry A Person with Sky-High Debts?

Single couples wanting to get married soon have so many plans laid down on their tables and fantasies swirling inside and around their minds.

Whether they acknowledge it or not, their plans are limited only to where to get married, when to get married, how much to get married, what to wear during the wedding, what to eat before and during the wedding, where to go and enjoy after the wedding.

It’s a rarity to encounter couples talking about paying their respective debts before getting married. It’s even very unlikely that they will ask their fiances/fiancees how much their debts are and how is he/she going to repay them before/after the wedding. Very liberating. I hope I’m wrong. Continue reading Will You Marry A Person with Sky-High Debts?

When Salary Increases, Do You Upsize Your Lifestyle?

Many Filipinos, OFW’s and locally-based alike, are easily tempted to buy more things they “want” upon receiving news that they will either be given a raise or at best, be promoted. They haven’t gotten the money yet but the shopping spree usually happens ahead of it, usually using borrowed money.

Just because you received that 10% salary increase this year (wow) you will find spending a little more easier this payday weekend. While inflation increases most likely every year it doesn’t justify your rationale to inflate your lifestyle too. Wouldn’t it be more prudent if we address our debt issues first? Continue reading When Salary Increases, Do You Upsize Your Lifestyle?

Mo’ Money, Mo’ Problems?

A couple of months ago, I wrote about why couples need to have money talks with each other.

In that article, I specifically recommended a few points on how to stop fighting over money. But to give us a broader perspective on why I gave such recommendations, here’s an infographic from Money Rates as compiled and distributed by Infographiclist.Com giving us complete details about the reasons for money problems in relationships, the problems brought about by these reasons, and the ways to solve all these.

Although this survey is done in the U.S., I think a lot of Filipinos and Filipino-Americans can relate to these issues. It will surely help you assess your personalities and how to properly handle your finances without compromising your relationships and marriages. Continue reading Mo’ Money, Mo’ Problems?