Category: Investing

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?

Negotiating Salary – One Thing Some OFW’s Are Scared To Do

Some companies in the Middle East have started to review their organization’s salary structures and status of their employees. It’s also the time for employees, expats and locals alike, to negotiate their salaries and ask for raises or promotions.

If you are someone who’s doing your best to improve your finances by living within or below your means, paying debts, building emergency funds, and investing, one thing that’s very important to keep your cash flow at the optimum is being able to get a salary raise.

What I observe about other nationalities like the Pakistanis, Indians, Egyptians, etc. is that they are very aggressive in haggling for a raise with their bosses as compared to their Filipino counterparts. Sometimes they even go straight to the higher ups just to convince them that they should be given a raise or get that long-been-asking for promotion. Continue reading Negotiating Salary – One Thing Some OFW’s Are Scared To Do