Financial Decisions to Stay Far From

If you’re not  careful with your financial decisions, you could quickly find yourself in debt and struggling to stay afloat. Managing the bills, paying the mortgage, and staying on top of your finances are always going to be  tedious and frustrating chores. However, if you make the right financial  decisions then you will always have enough money on hand to handle these expenses. Below, you will find financial decisions that you want stay far away from, so that you can keep your financial stability intact.


Payday loans

While short-term loans have become particularly popular in recent  years, they are a financial decision that you want to stay far away  from. Payday loans come with severely high interest rates and they have  very short-term repayment periods. This means that you will be expected  to pay off the payday loan within 2 to 4 weeks upon receiving the cash.  This is a very short-term timespan and it’s often difficult for  borrowers to manage.


Car leases

While a car lease can be much more affordable than actually  purchasing a car through financing, they are generally not recommended.  Car leases are short-term solutions to getting a reliable car, but you  will often have to purchase a car or renew your lease after your current  lease has expired. You do not own the vehicle and when you barely have  enough money to afford the car lease payments, it’s a negligent  financial decision.


Unmonitored credit card usage

Using credit cards responsibly is a great way to build your credit  score and improve your financial standing with the banks. However,  unmonitored credit card usage or over-usage of your credit cards could  build a considerable amount of debt and leave your finances in turmoil.  You need to be very careful with how you use your credit cards and how  much money you apply toward them at the end of the month. Paying the  minimum payment is a negligent decision as credit cards should always be  paid off in full if possible.


Committing to a substantial mortgage

When you go to the bank and you are given a preapproval on a  mortgage, you should never purchase a home that maxes out that mortgage  amount. Banks are often far too generous with the amount of money that  they approve. If you want to live in easy-going life, you should spend  far less than what the bank will approve you for on a mortgage. This  will make your monthly payments more affordable and you will have more  money left over in your budget to afford other expenses.


Risky investments

There are lots of ways that you can invest your money, but some of  them are more risky than others. For instance, Forex or currency trading  can be wildly profitable, but it has a very steep learning curve. Some  people tend to dive head into new things that they are excited about and  this often leads to debt and risky financial decisions. Try to control  your spending and do not jump into risky investments without weighing  the options that are available to you.

5 Tips to Manage Your Frugal Expenses

Your monthly  expenses such as bills, the mortgage, and other financial obligations  are always going to be present in your life. However, if you manage your  expenses frugally, it will be much easier for you to make the payments  and you will live a happier and more relaxed lifestyle. Frugally  managing your finances can be a difficult thing to maintain, especially  with the spending habits of today’s consumers. However, the five tips  that you will find below can make you much more effective at the task.

1 – Use a finance management tool

Finance management tools are designed to help you live on a budget  and organize your income and expenses. There are free tools like that can make it easy to see how much money you have coming  into your bank account every month and how much money you have going  out. They also categorize your expenses for you so that you can see  exactly what your spending habits are like. If you want to manage your  expenses frugally, you have to organize and understand your finances.

2 – Make spending cuts

It’s very important to actually make real spending cuts with your  budget. You cannot manage your finances frugally if you are afraid to  get rid of some of your expenses. This means eating out less,  unsubscribing from high definition television channels, or even getting  rid of your home phone if you can make do with your cell phones. Don’t  be afraid to try new things in order to make spending cuts and  reorganize your budget.

3 – Create a budget

Once you have used a finance management tool to organize and  understand your finances as well as make spending cuts, you then need to  create a budget for your monthly spending. You should now be in a  position to where you can analyze how much money you have been spending  in the past and how much money you want to spend in the future. Creating  a budget and sticking to that amount is very important to managing your  expenses frugally.

4 – Do not spend irrationally

Part of the problem with today’s consumers is that they spend  irrationally. Even though they do not make much money, they feel  obligated to lease a car, buy a house and have all of the amenities that  their friends and family members have. What they don’t realize, is that  this type of spending is reckless and that is why a lot of their  friends and family members will one day find themselves in debt.  Controlling your spending habits and saving money rather than spending  it is a very important step to the process. Try to avoid reckless  spending and stay away from poor financial choices such as payday loans.

5 – Seek cheap thrills

Everyone needs to get entertainment somehow but if you spend a lot of  money in order to entertain yourself, you are quickly going to find  yourself struggling with debt. Try to seek cheap thrills instead of  going for the more luxurious, outgoing types of options. Making yourself  happier with some of the cheaper options in life is going to protect  your budget and stabilize your finances.

Earning Extra Money With Your Old Jewelry

There are many opportunities for you to make extra money, some of which may be hiding right under your nose. As an example, many people are now selling jewelry to make some extra money, although it is not going to be something that is available for the long-term (Source: Sell Diamonds to Diamond Buyers). If you sell diamonds, for example, you can expect to make a considerable amount of money if you sell them in the right location. You also need to consider the possibility of whether you are going to make more if you sell diamond ring components separately or if you are going to sell them as a single unit. In most cases, it is going to take some footwork on your part to determine which is going to be the best financial decision for you.

You can also use this information to learn about selling jewelry to learn how to buy an engagement ring. You are likely to learn that there are four C’s that need to be considered when making your purchase. They are cut, clarity, carat, and color. It is likely that you are not going to be able to afford a diamond that is flawless, so you may need to cut some corners somewhere to make it possible. The most important thing for you to consider is the cut and the clarity comes in as a close second. If the color is off to a certain extent, you will be able to save some money without sacrificing quality in most cases. The same is also true if the caret is very close to being a whole number but is slightly under, as that makes a difference in the price that you pay.

Need Cash Fast? Try Lenddo

We live in uncertain times.  Whether there’s a fire-breathing dragon or a huge hospital bill waiting for you round the bend, you’ll never know.  If you’ve got large sums of money sitting in the bank, then maybe that won’t be much of a problem.  But for us who rely heavily on our paychecks, saving enough money for emergencies or a nice house in the woods continues to be a struggle.  That’s when long or short term loans come to save the day.

Getting a loan isn’t all that easy, though.  Anyone who’s ever had to apply for a loan before can attest to the painstaking hassle one must go through just to sort out those loan requirements.  But now, quick loans are made possible, thanks to Lenddo.

Lenddo is not some fly-by-night company.  It’s an online platform which seeks to help the middle class gain access to local financial services by tapping into their online social connections to vouch for their character and credibility.  So, they’ll grant you that debt consolidation loan as long as your Facebook friends don’t slander your name.

How does it work?  The process is quite simple.

  1. Go to and create and account with them.
  2. Link your Lenddo account to your online social networks (Facebook, Twitter, LinkedIn, Yahoo, Gmail, etc.)
  3. Without the need for bribery, invite your family and friends to join your trusted network.
Here’s a screenshot of my account:

All you really need to do to get Lenddo to give you that loan is to build trusted connections with at least 3 people, and earn a minimum “400” Lenddo score.    You get the required score by simply linking to your other social networks.  It’s that easy.

As for the trusted connections, they must also have at least a Lenddo score of 400 before you can apply for a loan.

You’re allowed to borrow from P5,000 up to P43,000.  The interest rate will depend on your Lenddo score and terms range.  The higher your Lenddo score is, the easier it is to get your loan approved.  If you manage to meet their easy peasy requirement, you can get your loan approved in as fast as one business day!

What I like about Lenddo is that their website shows a loan calculator which helps give you an idea of how much your monthly payments will be.   Of course, I love their easy loan application process.  Imagine, there’s no need for physical collateral!  All you need are your online connections to back you up.

To make things even sweeter, Lenddo uses an electronic payments system.  They deposit the funds straight to your bank account.  Without breaking up a sweat, you’ll have that loan sitting in the palm of your hand.

A friend in need, is a friend indeed, they say.  If it’s a housing loan or one of those student loans you need, now’s the perfect time to put those Facebook and Twitter friends to use.

Here’s are some testimonials from happy Lenddo patrons:




When Mom Does A Retail Conference

Whenever I see or hear anything that closely resembles a dollar sign- or any currency, for that matter- my eyes twinkle and glow as they would if I saw Ryan Gosling in the flesh.  Nothing gets my heart pumping like a good business opportunity.  I can probably blame that on the entrepreneurship blood which flows through my veins, as I come from a family of businessmen- and women.

I got somewhat of an adrenaline rush when I heard about this upcoming event: the 21st NRCE or 21st National Retail Conference (NRCE) and Stores Asia Expo.  This happens to be the largest retail industry event in the Philippines, and is set for on August 9 to 10, 2012 at the world-class SMX Convention Center in Pasay City.

This event merges with the government’s “It’s more fun in the Philippines” campaign, as it invites Tourism Secretary Ramon Jimenez to talk about how the campaign is in synch with the retail industry growth, and how it provides for a more fun shopping experience.

The keynote speaker on the opening day will be none other than Coca-Cola’s top honcho, aka. President and CEO, William Schultz. Coke is undeniably one of the better-loved brands in the Philippines, so its participation hopes to further enhance the “fun” part of the conference.

You’ll find the full program here.

What I’m most looking forward to is the topic “Harnessing the Power of Digital Marketing and Online Commerce for Retail Growth”.   Buying and selling products online is the emerging trend today, as almost everyone is on the internet nowadays.  You reach a wider market if you go for digital marketing.

I’m also keenly interested in Living the Brand: Employees as Brand Ambassadors.  Who can better sell a product than its employees, right?

As for improvements in the retail sector, I’d like to see more consumer protection.  More than attracting new customers, retailers should know how to keep them.  Happy retailers make for happy consumers, and vice versa.

If you want to take part in this, register here.

The 21st NRCE is proudly presented by PLDT Alpha Enterprise, SM Department Store, Hewlett Packard, Robinsons Malls, Araneta Center, Ayala Malls, Meralco, IBM Philippines, DHL Supply Chain Phils., Inc., Festival Supermall, Wilcon Depot, Celine, The Philippine Star, BusinessWorld, ABS CBN, Schutzen, Mobext, Inc., Crossover 105.1., Entrepreneur, Focalcast, Q Creatives, Cylix Technologies, Mediamagnet, Catalyst Media, Infinite Grafix, Travel Club, APL Logistics, Avolution, Live Media, Starmall and Bayantel.

For more information about the 21st NRCE visit

3 Awesome Tools for Starting a Business


Beginning a business is not easy. A new business requires a lot of micro-managing and needs a lot of involvement. Businessmen tend to be disheartened when they find the task too exhausting. This is why online tools are quite useful in helping budding entrepreneurs sustain their initiatives. As up-and-coming businessmen, it’s hard to spend too much money. There is the need to shell out some capital, but the goal is to earn more and spend less to promote and keep the business in good working order. The good thing is that there are awesome tools that are free or low-cost and readily available online to help you with this undertaking. Here are three of them:

1. is an online tool that serves as an operational foundation for a business. It helps the people involved get used to handling things such as file sharing, operations monitoring, workforce management, live streaming, CRM and more, all in a unified work panel. This is perfect for starting businesses because it’s entirely free for enterprises with 12 employees or less. Yes, you read that right. It’s 100% free for those types of businesses. The support is immensely solid, and it won’t require too much computer space since everything is cloud-based – no installation required – and is accessible anywhere, anytime, making your virtual workstation right where you need it to be. There is room for expansion later in time for only $99 per month. This subscription plan already can accommodate an unlimited number of users.



Part of starting a good business is getting the right business name, slogan or campaign title for your marketing efforts, whether that’s for the service or the goods you offer. If you can do this without outside help, good for you. If not, this is where comes in. Started in 2007 and with 50,000+ total contributors registered with the site to date, imagine receiving hundreds, if not thousands, of suggestions on any given day for just a fraction of the cost branding agencies charge. For $50 for a name or website domain (or $75 for a slogan), you become a client. And all you need to do next is furnish a short description of the name, domain or slogan you require. Your requirements will be taken by contributors into consideration when giving out suggestions. PickyDomains employs a satisfaction guarantee and will return your money in case you don’t achieve your desired results, that is, none of the suggestions are to your liking.


Limited budget is a common complaint among starting businesses., a meta search engine that functions like a fine-tooth comb, can access data from more than 700 airlines and hundreds of flight websites in its search for the best and cheapest airfare deals available, and makes this data publicly ready and accessible in a single site. Aside from saving you time and effort that you would otherwise have to utilize in the searching-and-comparing process, JetRadar also ensures that your limited budget can be stretched to the fullest.

Mommy Money Matters: Investing for the Future

When I opened my email this morning, I nearly fell off the edge of my seat when I got an email from Human Resources.  No, it’s not because they caught me smooching with a deliciously handsome Middle School teacher inside the elevator.  It’s because they’re honoring me at the school’s year-end program for my five years of service.  I can hardly believe it!  Have I been working in this institution for that long now?

And then it hit me.  Two realizations, actually.  First, although I believe that I’m still hot and foxy at this age, the fact is, I’m not getting any younger.  Second, I do have some amount of money saved up in the bank, but it’s just sitting there idly.  I got to thinking that I should start putting my funds management skills to good use and invest my hard-earned money in something worthwhile.

But, where and how do I begin?  Initially, I guess it helps to identify my specific goals.  Are they short term, or for the long haul?  Mine would have to be medium term, as my priority right now is to save up for my daughter’s education.

Alongside that, I’d also want to bring to the forefront my goals at philanthropy.  I have to admit that I may be a bit of a tightwad, but I do have a soft spot for those in need.  I want to give back and pay it forward.

With the plethora of investment options out there, I am nothing short of overwhelmed.  There are mutual funds, treasury bills, etc.  It’s good to note that there are resources online which can help those of us who know nothing about these things.  I stumbled upon and found their site to be informative and helpful.  They offer sound advice when it comes to making investments.

There’s always an element of risk involved with any financial venture,  but with careful planning and studying, I should be fine.  I’m willing to take that risk, anyway, so here I go…

How about you?  What investment options are you considering?

Easy Money for Your Emergency Needs

Medical emergencies often strike suddenly and without warning. In a perfect world, we would have an overflowing savings account to combat life’s emergencies. Of course, in a perfect world, emergencies would never happen in the first place.

Emergencies aren’t just insanely stressful: they’re also incredibly costly. Worse still, you often don’t have time to wait around for another paycheck or a bank loan. You need money, and you need it now. Luckily for those suffering through medical emergencies, there are emergency sources of cash that can arrive in as little as 24 hours.

Image from Flickr


Online Personal Loans

Online personal loans have two benefits in an emergency: they’re simple to process, and they’re incredibly fast. For example, here’s how the process works for online personal loans from

  1. Apply online for a loan from $200 to $1000. 
     Fill out the online application. You must prove that you’re over 18, have access to a working email account, got a secure form of income (employment, etc.), and have a working checking account with limited penalties (no bounced checks, no overdraft charges, a positive balance, etc.).
  2. Find out if you’ve been approved. An employee should be able to let you know whether you’ve been approved for online personal loans in a matter of minutes.
  3. See the money in your account on the next business day. If you fill out your application by6:00 p.m. EST, you should see money in your account on the following business day.

What You Should and Shouldn’t Use an Online Personal Loan For

Online personal loans should not be used for non-necessities. Don’t get a personal loan to finance that latest gadget you’ve been eyeing or to buy a cute pair of shoes. Personal loans are for emergency situations: when you need money immediately to take care of a current crisis.

Examples include: medical emergencies, car repairs or breakdowns, severe housing problems (flooding, etc.), and family emergencies. Personal loans are also a good option for applicants with low or zero credit. In fact, if you’ve got a less-than-stellar credit rating, online personal loans may be the only loan you qualify for. 

Have You Ever Suffered from a Medical Emergency?

How did you cope with your medical emergency? Ever received an online personal loan? Got any advice for fellow readers who might be in your shoes? Share your experiences in the comments.


Free Yourself From Mortgage Woes

Home is where the heart is, they say. But what do you do when your heart keeps pumping wildly out of fear that you may one day lose your beloved home? That fear may not be unfounded at all if you sooner or later end up falling short when it comes to paying off the mortgage on your house. You stand to lose that house you’ve worked so hard for, and your dreams start to come tumbling down.

With the many expenses we moms have to face each day, we sometimes find it somewhat of a herculean task to battle wits with rising interest rates on our home loans. As much as we moms- single moms, most especially- want to do things on our own, we have to realize that there are times when we do need to call on the powers that be for much-needed help. This may be the time when we have to seek help with Mortgage refinancing from the experts.

I happen to have a friend who’s in a bit of a mortgage slump these days. She was just about to shave her head out of sheer frustration when I jumped in and tried to help her out with her dilemma. I told her to ask around and scour the net for mortgage advice. I stumbled upon and found sound advice there.

I likewise learned about the benefits you can get from an FHA Streamline Refinance. Lenders or companies which offer this streamlined refinance service help you save on monthly payments and help lower the interest rates on your mortgage. They’ll save you all the extra paperwork and home-loan-related heartache.

When it comes to mortgage problems, we simply have to know where to look. Once we find an efficient mortgage refinancing company to help us, we’ll have one less thing to worry about as we go back to our more important mommy duties.

Helpful Financial Tips for Single Moms

Single moms don’t have it easy when it comes to finances.  It’s a cold hard fact that we provide for our kids out of our own pockets.  Well, if you’re lucky enough to have been blessed with deep pockets, or if you regularly get a fat sum of money deposited from your ex-husband’s to your bank account, then putting food-and more- on the table should not be so much of a problem.

For the most part, it’s us and us alone when it comes to dealing with financial matters- from the heart-pounding task of filing a tax extension to clearing up credit card debt.  Dealing with finances is merely a chunk in the whole single-parenting pie, but we do have to straight-facedly take a bite of it.  Here are some things we can do to sort out our finances and save money:

Cut down on luxuries.  Whether you’re a mom who can’t last a day without a tall Starbucks latte or you find it extremely difficult to say no to your friend who keeps selling you fine jewelry, you have to try to cut down on unnecessary expenses.  Sure, we all need to reward ourselves, but that can be done once in a while.  Let’s face it, they’re called luxuries because they are things which we can do without.

Make it a habit to save.  That old piggy bank which has been gathering dust in the deepest recesses of your kid’s toy chest may have to once and for all see the light of day.  Try to put aside some money each day, and before you know it, it’ll amount to something big enough to pay for something really important.

Sort out those taxes.  Even if you happen to be a work at home mom, you still can’t escape paying taxes.  Try to avail of a good type of tax preparation software to help you take the guesswork out of tax-paying.  With all the intricacies of paying taxes, you may need some help.

Clear out debt.  If you can help it, don’t loan money from any entity, living or otherwise, unless it’s for something worthwhile such as a house.  If you still have a huge credit card bill staring you in the face, try to pay it off all at once with whatever money you’ve already saved.  Nothing can make you breathe more freely than being debt-free.

If we didn’t have our kid’s future to think about, splurging on shoes would be ok to add to our daily to-do list.   But the thing is, we single moms must save up for their future while having to cut corners today.  In the end, giving up dreams of having that gorgeous Louis Vuitton bag will pay off.