Category: Saving

The 0% Interest Rates: Should You Grab It?

We often see a lot of 0% interest rates in malls, shops and more. This is truly eye catching and even more enticing. Simply imagine being able to have your most coveted smartphone in a jiffy yet you won’t pay it yet. Instead you will be paying it on a monthly basis.

Alas, there’s no need for you to pay the item in full because you can just pay it monthly for X number of months. You might exclaim that this is the best way for you to save money. Well is it?

The 0% interest rates are typically pushed by our credit card banks. The deduction would be credited to your credit card and the bank would pay the store and you in turn would pay your credit card bank. Though it may sound like a no-brainer decision to simply grab this option since you know for a fact that your credit card can still be able to sustain it however, this is not simple as you think. Truly the 0% sign up there is enticing and teasing us to use it. However, let us dissect this to the core. Continue reading The 0% Interest Rates: Should You Grab It?

Signs That You Are Sending Bad Financial Messages To Your Kids

My wife and I have started homeschooling our 4-year old daughter this school year (Update: She’s already finishing her 4th Grade this summer 2020, amidst the COVID19 pandemic).

I personally know some friends who have been homeschooling their kids and it’s just amazing to see how strong their family bondings are because of this method of teaching and learning.

One more reason why we want to homeschool our daughter is because we believe that personal finance is one of the least taught subjects in the Philippines (and elsewhere). Money is a very important subject for a child to learn and bring the knowledge along until he/she becomes an adult. And since my wife and I are both staunch advocates of financial literacy, we thought why not teach our child about money ourselves.

Through the homeschooling system, parents like us won’t have to spend so much time giving lectures to our children. We just have to show them how we value money in our everyday lives. Continue reading Signs That You Are Sending Bad Financial Messages To Your Kids

Should You ‘Feng Shui’ Your Investments?

Leaving the Philippines on a Chinese New Year’s Eve after a very busy yet happy and abundant Christmas vacation could either mean good or bad luck for the superstitious. Honestly, I was very anxious a week before our flight for no clear reasons other than my fear of flying.

I’ve been telling my wife and friends that I loved traveling by plane when I was still single. Heck, I even loved it when there’s turbulence and air pockets.

But things changed as years go by. Priorities come and new responsibilities arise. You get married and have kids and that could change the course of your actions and your rising levels of fear of flying. One has to leave the country to invest for a better, if not best, future. But that’s just me.

But leaving on the eve of The Year of the Horse, which began last Friday, is very dangerous, according to some feng shui masters. One feng shui master even mentioned that this year is a dangerous one for traveling and investing. Continue reading Should You ‘Feng Shui’ Your Investments?