Christmas Eve and Christmas Day may have already gone but these days up to New Year’s Day are usually “reunion” days among families, classmates, barkadas, and some friends. So expect more unexpected spendings to come. Also, kids (and adults) will have to think over about what to do with their aguinaldo or cash gifts.
Our friend Ezra Ferraz compiled some advise for parents and kids to become financially-savvy especially during this Christmas season. You will find my advise at number 1 in this helpful article of Ezra at Rappler.com.
Unfortunately, inspite of all these priceless financial advise and suggestions, this festive period usually leave millions of people unable to pay their necessary bills in January next year. Especially those who were not able to monitor their use of credit cards, or worst, have borrowed money through loans (either personal or through 5/6 loan sharks) just to celebrate Christmas with a feast of food and gifts. Continue reading Did You Borrow Money For Christmas and New Year Parties?