How This “Financially Ignorant” Young Woman Almost Doubled Her Money In 2 Years

How This “Financially Ignorant” Young Woman Almost Doubled Her Money In 2 Years 

TrulyRichClub Updates...

TrulyRichClub

Everybody loves an underdog story. And this is an amazing underdog story.

This is about Rowena, a young woman who works as a video editor in our TV and Radio ministry. Two years ago, I challenged ALL my employees to invest in the Stock Market. Today, 90% of them are now investing—from my managers to vice presidents to messengers and janitors. (Give me 20 years and all my employees will become huge multimillionaires!)

Please read Rowena’s amazing story below…

Two years ago, I started investing P3000 to P5000 in the Stock Market. (It becomes P5000 when my very generous Dad gives me money. Thank you Dad!)

But I was totally ignorant about the Stock Market. So I just followed Brother Bo’s TrulyRichClub’s instructions each month, buying the stocks he recommended through his Stocks Update eReports.

And in two years, from October 2010 to October 2012, my Dad and I put in a total of P102,000 only. But it’s shocking for me to know that my Stock Market investment now stands at P193,325. That’s 89.53% increase in two years. Or an amazing 44.77% a year!

-- Rowena Mallari, Video Editor

Perhaps you’re someone who saves your money in big banks. If so, you’re earning LESS than 1% a year. To be exact, about 0.75% MINUS 20% withholding tax! It’s actually lunacy to keep your long-term investments in the bank. Yes, put your short-term money and emergency funds in the bank. But NEVER your long-term investments.

NOTE: Just to tell you how insane 44.77% is, I read the returns of the best and brightest, most sophisticated Mutual Fund Managers of BIG COMPANIES in 2011. The highest achieved was only 8.18% growth; A second mutual fund company got 8.17%; a third mutual fund company got 2.66%; and a fourth mutual fund company got 2.39% for the year. But Rowena Mallari—who doesn’t know anything about the Stock Market except what she got from my Stocks Update eReports—got 44.77% growth. Crazy but true.

Do You Want To Be A Multimillionaire? You’ve Got To Start Today…

Warning: I’m not promising that Rowena will also get 44% next year or the year after. The Stock Market doesn’t work that way. It’s always like a rollercoaster ride. But here’s my point for telling you this underdog story: You can be like Rowena and become a multimillionaire in 20 years.

How? Like Rowena, join the TrulyRichClub and use my Stocks Update e-Reports that will guide you how to invest in the Stock Market.

To join the TrulyRichClub and start creating your millions, click the link below:

Yes Bo, It’s High Time For Me  

To Start Building My Millions Now 

May your dreams come true,

Bo Sanchez 

PS. Don’t Delay! So many people POSTPONE investing. From experience, people who postpone never do it. But I know that you’re different. Start now. Click the link below…

Yes Bo, It’s High Time For Me 

To Start Building My Millions Now

WORK-AT-HOME,VIRTUAL MOMS!

WORK-AT-HOME,VIRTUAL MOMS!

Guest post from my classmate Queenie.

Virtual Moms!

Bills, tuition fees, household necessities, and everything that concerns money-these are the things that drive moms crazy! Making both ends meet becomes a monthly dilemma. The lifestyle of today seems to be incessantly increasing, changing and getting more expensive!

As a result, the long-time-ago scenario of father goes out to earn a living and the mother stays in to keep the house is no longer applicable. Ideally nowadays, both parents joined forces to provide for the family.

Being a mother ,I still believe in the notion that at least a parent stays in the house to better guide the children and to keep the house organized. However, being married to an ordinary employee, having two kids, and paying the house’s monthly amortizations for seemingly a lifetime, still mean falling short of the budget.

For years, I’ve been arguing with myself, ”should I go back to work? But my kids are still small and fragile. But the money I was receiving was never enough. But how can I save for the future of my kids and for emergencies? A lot of buts…!

But lol! I realized that the constant changing and increasing lifestyle actually offers an alternative way to answer our expenses. Since a lot of households aim to purchase their own computers/laptops and internet connections, notwithstanding the accessibility of internet cafes side by side almost everywhere, it is wise to be productive with the cyber world.

There comes the online jobs a.k.a. work-at-home. Unemployment is no longer an issue now. Living in a remote areas where companies are far, or seeking for an income while taking care of the kids should not bug cyber people anymore.

Call center companies are at large and they have invaded the homes. That was my first try, the call center-at-home.

Then, odesk.com was introduced to me by a friend. It is a website where you find possible online jobs like blogging, article writing, call centers, virtual assistants, and even web and graphic designing. Employers keep on posting job opportunities and find the right contractors through odesk.com. I have proven it is secure and really paying.

Earn Online while at home

I completed my portfolio and passed all those tests that I deem necessary to boost my capabilities. I applied for several jobs that fit me. Not too long, an article writing job was offered to me by an e-commerce site. However, due to my household demands because I have two kids, I failed the expectations of my employer and my contract was ended…only with that employer. Thru odesk.com, my portfolio is forever available for the employers to view and consider.

For a while, I stopped working online. Until I thought I am ready, I accepted another offer. I never thought that out of thousands of competent contractors online. I can be recognized by this employer. After a series of online trainings, I was able to work as a judgment contributor for a huge and still expanding website.

Just like the processes and systems in an ordinary work, I went through a lot of experiences in this online job. I applied to several jobs and got ignored; landed on the training phase and failed; hired and sooner than I ever expected got my contract ended for some reasons. What’s important is that I didn’t give up. And I believed that since computers and web seem to always be part of growing technology, working online would then be forever in demand.

Working online is life itself. You learn from experiences. Everything is best gained through hard work and perseverance. Sometimes you win or lose. There will come a time when you fell in love with the work and then eventually, you got dumped and hurt badly. When the latter happens, it’s life! Moving on to the next fight should be the next step and keep yourself armored with the lessons learned from the past. There could be some sacrifices but it pays.

Being an “odesker” alone, I have learned that a lot of reading is important to remain in this job. Read and keep in mind all the instructions and do exactly as stated. It was not only once did I commit the mistake of overlooking a certain instruction or not reading an important one. And that is detrimental to the job status.

Professionalism is of next importance. Even if online job is not a personal or face to face kind of work, keeping your words and respecting your “workmates” should also be practiced. There are jobs that require specific time logs and attendance. Don’t “come” late and absences cannot be tolerated. Keeping an open communication with the employer and team is one of the best way to gain their confidence and to avoid committing mistakes.

There can be threats to your “safety”. But that should not be a hindrance to your desire to explore the web. Reading is still the key. Consulting the “network” you built or those online friends that you can trust will be of best help to avoid being the victim. 

And lastly, but not the least, enjoy what you are doing. It is only then, that you will realize where your heart is that will give you overwhelming inspiration to pursue your dream. It is possible. If you believe in yourself and love what you have, you can work-at-home, virtual moms!

Queenie Espino 

The author has been a contractor of oDesk.com as article writer/blogger and/or virtual assistant since year 2011. Her free domain sites are www.awomanseye.blogspot.com and www.verylagunian.blogspot.com.

Budgeting Can Improve Our Life

Budgeting Can Improve Our Life

Budgeting

Most people don't mind of having a budget.  They think a budgeting is hard to do and time consuming.  Are you one of these people?  This is a very unfortunate way to think.

How do I know?  I used to think the same way before.  However, I’ve definitely changed my mind. I’ve learned that a budgeting can actually help to improve our life.  A good and well budgeting gives us financial freedom.  It doesn’t take it away.

Things I Learned Living on a Budgeting

For the entire years of my adult life, I lived like everyone else without a budget. Today, I’ve been budgeting my money for over 3 years now.  Obviously, my positive view of budgeting has stuck. To me, this means that it is the real deal.  If it wasn’t, I would have abandoned it because it does take a little time and effort.

Here are eight ways which I believe a budget can improve our life:

1. A Budget Relieves Stress

Financial stress is one of the common causes problem in every home.  I think we’ve all experienced the tension in a household when money is tight.   Our mom and dad arguing about tuition fees, payment for utilities bills and etc. A budget helps relieve this stress because it gives you back control over our finances.  It puts you in the driver’s seat. 

Stress comes from anxiety about the future. When you don’t have a budget, you don’t know if you’ll be able to meet your obligations this month or not.  With a good budget, you know exactly where we stand which reduces stress.

Savings

2. A Budget Helps You Focus

Without a budget, no one knows where the our money goes.  We can easily spent our money on whatever catches our eye or so called impulse buying.  A budget is a tool that allows you to prioritize and direct our money on a most important things.  

It was absolutely amazing to me how much I was able to accomplish financially once I started budgeting.  It is very easy to underestimate our financial strength when you don’t have a budget. You simply do not have a tool available to focus your financial energy in any specific direction.

3. A Budget Motivates You to Simplify

Once we start budgeting, we can see exactly where our money is going.  This generally motivates people to simplify their lives because they learn that a lot of their money is being wasted on things that aren’t much important.  For example, when we started budgeting, we tend to eliminate and lessen those stuff that was regularly costing us money to store, maintain and repair.  Simpler truly is better.  It also leads to less stress.

4. A Budget Provides Freedom

Our budget gives us more freedom and not less. It reveals when and where we have extra money to spend on the things we want.  Also, it allows us to make purchases without the guilt that was involved before.  We know we have the money so we don’t have to feel guilty or try to hide what we are doing.  Our budget has also freed us from living with a debt.

5. A Budget Makes You More Generous

As you get a handle on your finances and create some margin between what you make and what you spend, you will have more money to give to worthwhile causes of your choice.  This is one of the main reasons that we wanted to live on a budget.

It is nice to be able to help our family when they need it.  It is also rewarding to be able to give to charities and our church more generously.  A budget frees up some resources that you can then direct to greater causes.

6. A Budget Will Make You a Better Citizen

As we started tightening our budget to reduce expenses so we could pay off debt, we discovered all kinds of ways to save that made us better citizens.  For example, we started shopping for local products which is much cheaper instead of buying imported.  

This converted us into supporters of our local suppliers.  Also, we lowered our environmental footprint by reducing what we consume and increasing what we recycle.  A budget leads you in all kinds of better paths in life.

7. A Budget Will Discipline You

As we start budgeting and do it frequently, it becomes a habit and a discipline, which is good for us. You will be more cautious and aware of your income and expenses. We will be more wiser. And if you are disciplined, everything will follow. And that is a good thing!

8. A Budget Is Your Path to Wealth

Finally, a budget can improve your life by leading you to greater personal wealth.  You will stop paying so much interest on borrowed money such as credit card debts, loan, etc., and you will start investing to actually earn interest . In other words, you will put your money to work for you.  It is exciting to watch your savings grow in the bank, or in your investments.  The best way I’ve found to make this happen is by living on a budget.

I will always budget my money from now on.  It is just a better way to live.  It offers less stress, more freedom and allows me to use my financial strength for the benefit of those I care for the most.  In my mind, a budget is really can improve our life.

Savings

Savings

How to save? 

Savings

When we're always talking about saving our money for the future. I often hear many alibi, reasoning, explanation, excuses etc., to do saving likes I don't have enough money, my salary is enough only for our daily expenses, my income is very low so it's hard for me to save some money and how can I save these little money? There are many excuses we can use and say as long as we don't like to save. As the saying " if we don't want to, there is too many excuses but if we want to, it can find a way".

In reality there are many and a lot of ways we can do to save. As a matter of fact, in our daily expenses we always seeing only those big spending we're making but we didn't look and paying attention on small or little spending we are making which also has a  big impact to our budget. For example, if we're buying one bottled of water every day worth of 10 - 20 pesos. Remember you're drinking bottled of water once a day only. In order to save, we can remove or lessen this in our budget and we can save around 600 pesos a month or 7200 pesos a year. 

Another thing is merienda habit, we didn't bother of what merienda habit bring impact in to our budget. If we're spending around 20 pesos again in merienda every day but we lessen or remove this in our daily expenses we can save again 600 pesos a month or 7200 a year. This amount is enough to open a broker account and buy a shares of stock of a giant company in our country as for your investment. What if you have a vices (cigarettes etc,.)? Just slowly lessen until remove this vices from your personality you can save much more money from this.

Habit of Savings

In a simple words, there are lot of ways to save if we want. The most important thing is we must decide now that we need to save our money for the future. Don't start saving when we already have a big amount of money because it will never be happen. Money sometimes are reflections of our habit. If we cannot save in small things how much more in a big amount of money.

Instead start saves slowly while there is even small amount of money flowing to us. And make savings become a habit. In due time we will notice in a month, a year our money getting bigger and bigger over time. So start saves your money now and have a habit of savings.

Reduce Stress To Save More Money

There are countless ways that people try to be more financially prudent, spend less, and save more. They make detailed budgets and stop eating out at restaurants. They consult financial advisors and start putting more earnings towards investments. They seek out a Green Dot best prepaid debit card or simply just use cash in an effort to reduce impulse purchases. The strategies go on and on.

But few people try to reduce their stress levels as a means of achieving greater financial health.

Yes, stress. We all know that stress is an unfortunate side-effect of modern life, and all of us probably want to – and take steps to – reduce our stress levels whenever possible. But stress isn’t just something that impacts your health and well being; rather, it is an emotion that has a proven influence on your wallet and on your bank account.

Research conducted at Coventry University Business School and at Duke University found that happier people tend to save better invest smarter, and generally make prudent financial decisions. They are further more likely to exert self-control when it comes to spending and make choices that take their long-term financial future into account. In short, happy people are personal finance experts when compared with the general population.

And how can we become happier? Happiness is such an intrinsic quality – one that you either have or you don’t, one that you can either realize or cannot. But there are several ways that people can concertedly try to make themselves happier, stress reduction being foremost among them.

So perhaps this is a better question to ask: How can we reduce our stress levels? Most stress is work-related, so finding ways to switch up the daily routine can always be beneficial. One can rearrange their work schedule, try to take on different projects, plan weekend getaways, or make an effort to occasionally work from home. Of course, your ability to reduce your work stress varies considerably based upon the nature of your job.

Perhaps a more sure way to reduce stress is by exercising on a regular basis. Exercise has been shown to be an excellent stress-reducer because it breeds newer, “calmer” brain cells that give us a greater buffer against pressures and anxieties. Whenever stress builds up, then, go for a run. It might make you more relaxed and, ultimately, make you happier in the long run.

It all comes down to a matter of personal effectiveness. What makes you stressed? How can you target and minimize this pressure source? Asking these questions may just be an important first step towards improving your long-term finances.

The Secret to Spend Less Than What You Earn

The Secret to Spend Less Than What You Earn

Spend less than you earn

A lot of personal finance blogs I've read, I notice a common theme and advices to our financial problem. And they most common advice — “Spend Less than What YouEarn”. Unfortunately, it’s easier to said than done, otherwise, There will be no rampant debt problem in our society. Fortunately, I went through this in myself, and over the years, I’ve learned a few tricks that I think it might help also to you.

The secret to spend less than what you earn.

Step #1: You Must Know Your Income

Answer this question, how much money you make annually? This step is especially hard for people who run a small business, have a multiple income streams, or whose earning fluctuates in any way.  Nevertheless, you cannot spend less than what you earn if you don’t know what you earn.

Step #2: You Must Establish a Spending Plan or In short Make a Budget

Once you've already know and determine your income. You should keep pay attention and remember that you cannot spend more than this number.

Some people make a budget for weekly, others monthly, and some quarterly.  The most important thing is that you have a budget.

Step #3: Write down all the expenses and Stick to your budget

Write down all the expenses to track every peso that you spend. The only rule is to make sure that you do not spend more money allocated in each category you make.  Always be sure your budget is doing its job. To make this happen stick to your budget.

Step #4 Review the Budget, Income, and Spending

Fix any issue if there's some conflict. Whether your regular expenses are too high or not make some adjustment to make you feel comfortable to your spending and fit to your budget.

Once you have found the balance between your income and your expenses you are now in a position to spend less than what you earn.

Anyone out there spend less than you earn?  What are your tips, ideas, or suggestions?

Things That are Killing Your Budget

Things That are Killing Your Budget

Many people that create a budget find difficulties sticking to it for one reason — incidental expenses or unexpected expenses. Although incidental expenses are only a small fraction of your expenses, they can have a really big impact on your budget. These tiny expenses often go unaccounted for and can destroy your carefully crafted plans. Here are a few small expenses that are killing your budget.

1. Cell Phone Load Expenses

Too many people underestimate exactly how much money they spend on Cell Phone Load. These expenses can be so small that people fail to keep track of them. Small purchases on cell phone load and spending 10 to 30 Pesos to avail unlimited text or call can really add up over the course of a month.

2. Impulse Buying

Window shopping can be hazardous to your financial health. How many times do you go to the mall just to look and come home with a new shirt, pants or pair of shoes? Impulse buying are budget killers because they are unplanned expenses. It means that you have to borrow money from your budget that was meant for another purpose to cover your impulse buying.

Impulse buying are great for retailers like SM or other supermarket but they are not good for consumers. You can easily spend 500 Pesos or more each month on buying items that you never planned to purchase.

3. Labeling Wants As Needs

It’s important to place all of your expenses in their proper categories when budgeting. Needs are expenses that are necessities such as food, clothing, and transportation. Wants are luxuries that can be eliminated. Individuals often budget around wants and not needs.

4. Wrong Kind Of Friends

Having the right kind of friends can make or break your budget. Are your friends spendthrifts who waste a lot of money and not thinking about their financial future? Or do you have freeloading friends that consistently borrow money from you with only promises of being paid back? Both types of friends can be dangerous to your financial future. 

Most individuals pick up the habits of people that they hang around. The chances are high that if your friends are big spenders that you will eventually become one. Who wants to go out while everyone is having fun and not do the same? 

Freeloading friends can eat up your savings. You will find yourself busy financing their lifestyle that you may neglect to save for your future. So better to know how to protect your money.

Saving Money At The Grocery Store

When we look to save money and stay out of debt, most people look to long-term solutions or try to cut big-ticket expenses. They look to downgrade their home, seek out a higher-paying job, or try to figure out whether an individual retirement account should be part of a savings plan. They forgo vacations and cut back on car purchases and technology costs, among many other measures.

There is nothing wrong with taking a big-picture approach of this sort, but anyone looking to cut expenses and avoid debt is best served to also consider their spending on a daily basis. While the money we spend on the average day may not be much, the aggregate effect of this spending can add up quickly over time. This particularly applies to our food budgets. The FDA estimates that a family of four spends over $200 per week on food costs. Extrapolate that number over time and you’re looking at a pretty decent amount of money.

The FDA also estimates that a “thrifty” spending plan can reduce costs for that family by over $50 per month. This can translate into a savings of $600 per year. How can these savings be realized? Here are a few tips:

-Plan your meals beforehand- Many people go to the grocery store and buy those ingredients and food products that they think they need – not simply those that they actually require. You can avoid this mistake by planning out all your meals for a two-week period before going to the store. This way, you can insure that you buy only what you need and nothing more.

-Buy high-nutrition, low-cost foods- Not all foods are created alike. Some are low in nutritional value and high in price. Others are cheap yet full of healthy calories. It’s that second category that you want to target while planning meals and shopping for foods. Products such as rice, beans, eggs, pasta, and tuna are all great options here.

-Go vegetarian- There’s no question that a meat-heavy diet is more expensive than one that minimizes such purchases. Becoming a vegetarian, consequently, can help you eliminate some of the costliest food options that you otherwise would purchase.

-Purchase non-perishables in bulk- You can save considerably on non-perishable items by buying them in bulk and storing them in your basement or cellar until they are needed. Stores such as Sam’s Club and Costco are great places to stock up on canned foods, condiments, paper plates and utensils, napkins, and any other non-perishables that you may use.

Following these steps should hopefully help you start saving on your weekly grocery budget. While $50 may not seem like a huge amount, the benefits add up quickly and – in the long run – can greatly improve your budget and your bottom line.

Understanding ISA

ISAs are a popular type of savings account that is used by millions of people in the UK. However, if you have never had one before, you may not be entirely familiar with what ISAs are and what they do. Read on to find out more about understanding ISAs.

What are they?

‘ISA’ stands for individual savings account, and the aim of ISAs is to allow everyone to save a certain amount of money every year tax-free. This means that while you normally have to pay tax on the interest you earn on your savings with other types of savings account, this isn’t the case with an ISA.

What are the main types?

There are two main types of ISAs: the cash ISA and the investment ISA.

Cash ISAs allow you to save less than other types of ISA but all of the money you save in the account is guaranteed and you can access it whenever you need it, which makes these accounts very popular with a lot of people.

Investment ISAs commonly take the form of a stocks and shares ISA. This type of ISA allows you to save more money every year, which can be appealing for anyone looking to maximise their tax-free savings. Most shares ISAs are linked to the stock market – often carefully-selected FTSE 100 companies, but other high performing listed companies can also be chosen, such as those that have a good track record on the environment.

How much can you save?

There is an annual limit on ISAs, which changes every year so it is worth keeping an eye on this to make sure you are getting the most out of your ISA allowance. For the current tax year (2011/2012), you can save up to £5340 in a cash ISA.

For a share ISA, you can save up to £10680. There are two options related to investment ISAs in terms of how you save your money. One option is to save the total amount in the form of stocks and shares investments. Your other option is to save half in the form of shares and half as cash.

What are the risks?

It is important that you are aware that there are some risks attached to investment ISAs. This is because their performance is dependent on the market and so, while there is very good potential for you to receive very good dividends, your investment can also go down as well as up. However, if you look around for the best stocks and shares ISA, it should be well-managed and so risks should be kept to a minimum.

Also, it is advised that you plan to save in your stocks and shares ISA for the long term to give it the best possible chance of performing well. You could also consider a gilts and bonds ISA if you prefer, which has less of a risk attached but can still offer good returns.

Overall, make sure you do your research to make sure you choose the investment ISA you think would be best for your needs.

4 Steps to help you to stick your budget

4 Steps to help you to stick your budget

4 steps stick budget Personal Finance

Many of us really know how to make a budget. We make a list of category from most to least priority things need to pay every month so that we can adjust our income allocation to each category. But unfortunately, many of us find difficulties to follow and stick to the budget. This is the hard part after the budgets have been set up. To make sure that spending of our money is according to our budget. Here are the 4 steps that can help to stick to your budget.

1. Write down all of your expenses

For me, this is the hardest part of all. Since, it is not our habit to ask a receipt for every item we purchase. It is hard to track every month where our money goes. So it’s better to write down every peso we’ve spend on. To become more effective our budget, we need discipline to really keep tracking our spending.

2. Check during the month to see how we are doing

Review the budget. Make sure that we have enough allocated money in each category we listed and that money can last for the entire month. Do something. Cut back if you’re spending too quickly or relax a little if you are starting the month too tight with your money.

3. Total all the expenses

At the end of the month, total all the expenses. Compare it to your allocated budget in each category. And then compare your over all spending with your income and savings plan. Check out the results if it’s fit to your lifestyle or not.

4. Make Adjustments

When we already know how and where our money goes. We can now decide whether we need to adjust our budget so that our budget matches to our spending habits or otherwise decide to adjust our spending habit to fit in our budget.

After doing all this, you have now some valuable information that can help us in planning our finances. Remember that in order to gain more knowledge on making a budget and make our budget more effective we must discipline ourselves and do the hard part living by a budget. That is, records all every peso we spend.

Basic Money Management

Basic Money Management

spend less saving money debt

Whether our economy is in good or in crisis situation we must don't be bother in our personal finance if we know some basic money management. Then if not, it is never too late to learn the basic skills of proper money management. I highly recommend taking a brief course on finance if possible, but there are other ways that we can develop a strong financial foundation that will get through our life and help us to face finance crisis with less worries.

Basic money management can be broken down into three main principles – Spending Less what we make, Avoiding Bad Debt and Saving More.

Let us take a look at each one and determine how we can start including these principles into our own life.

1. Spending Less what we make

This principle is a very important lesson that we must learn but unfortunately, it is a hard one to practice. While most of us gets and understand the point that we have to spend less than what we earn if we want to stay in our budget and debt free, but that concept tends to fly right away out in the window when facing with everyday life. 

By prevalence of credit cards, easy payment plans and a lack of knowledge in personal finance led many into spending much more than what we are make.

One of the best ways to start spending less is simply to monitor exactly what we spend. Make a budget, keep a log and determine where we can cut expenses. A budget is a vital tool that will help us to learn more about the flow in and out of our money.

Keep this a habit in a long time, we have more chances to become a millionaire.

2. Avoiding Bad Debt

This is a major problem for many of us and it is only getting worse. Fail to practice principle number one has a higher chances to fall in to debt. It is very important to recognize that there are two main forms of debt – good and bad. If you have gotten into a bad debt trap, getting out of this is extremely difficult. Remember, bad debt is something that drains our finances, good debt is something that adds to it. 

Reduce our amount of bad debt, increase our amount of good debt and watch our finances turn around. Or if we can totally avoid to borrow money then it is much better. Keep debt free as possible as we can. So that we have a higher chances to save more.

3. Saving More

No matter how much money we make, saving part of it is the very important. Whether it is a simple emergency fund that can help us get through bad times, or a fund for retirement, saving is essential. If we find it difficult to have any extra money each month for savings, it is time to investigate how we can change that.

Whether we need to find a better job that pays more, manage our finances better, or find ways to create more than one stream of income, there are many ways that we can start saving more money.

These three principles will help us to learn more about how our own personal finances work and how to start managing our money more effectively. Everyone makes mistakes, but the difference is how we act on that mistakes to distinguish the problem and implement the solution.

Do you have a Budget?

Do you have a Budget?

Budget

Many of us fail to have a budget every time they got their salary. That is why many people are fall in to debt. Few really realize just how much they spend on worthless expenses and in the end regret for the expenses they have made. To make this not happen again and if you're want to keep your spending under control, it is better that you make a budget.

What is budget? From Wikipedia it is a financial plan and a list of all planned expenses and revenues. On my own explanation budget is a written plan (written not verbal so that I won’t forget) on how to manage my money.

Having a budget allows us to get handle on the flow of our money. How much are coming in and where it goes or where we use that particular amount of money. By having a budget you can easily allocate your money from most priority expenses like basic needs (foods, clothes etc.), paying water, electric and rent bill, paying contributions (SSS, Insurance, etc.) and also paying your debt to less priority expenses like cell phone load, travelling and eating outside causing additional too much spending etc. We can cut if not then we can lessen this less priority expenses so that more amount of money can be allocated.

Budgeting can limits ourselves from spending too much, we can be able to save little by little and live within our means. If we were strictly follow our budget. It also helps us to prevent from impulsive buying and keep us away from debt since we already know what amount of money we need to spend.

And last, having a budget it will help us to determine specifically how much amount of money we need in order to meet our needs. So that we can protect our money and do some adjustment in our finances if needed to generate more income or we are doing fine.

Do you have a budget now? If not, then start making a new one, it is the first step to free yourself from debt. And make our life easier and better by budgeting our money.

How to enroll in MetroBank Direct Online Banking?

How to enroll in MetroBank Direct Online Banking?

Metrobank Direct

You want to check your account balance anytime, anywhere, fast, easy and no need to visit your branch and request for an update of your passbook? You can do it this by enrolling your bank account in the internet and make online banking.

Online banking is a great tool to manage your bank account properly wherever you are at any time as long as you have internet connection. It is a must-have for all account holders who want to monitor and control the in and out of their money. Almost all banks have online banking facility for its customers especially those big banks in the Philippines like Metrobank, BDO, BPI and other large commercial banks.

Metrobank Direct Online Banking

If you have a bank account at Metrobank, you can enroll it to its online banking services. Even wherever you are and at any time you want, you can use its Internet banking facility to manage your account or make any transactions such as paying bills online, fund transfer, or checking of your account balance.

It is easier and more convenient now to make any banking transactions than before because of the advancement in Internet technology and banking services.

Features of Metrobank Direct

Metrobank Direct gives you the comfort of anywhere and anytime banking through the help of Internet. There are plenty of uses and benefits you can get if you have an online banking account.

Below are the lists of privileges you can get from using their internet banking facility.

1. Send Money for Free

No need to visit your MetroBank branch just to transfer money to you other accounts or to other people. You can do it online by using your Internet banking account. It is easy to make fund transfer to other Metrobank accounts and bank account of Bancnet members.

2. Pay Bills Online

It is very convenient to pay bill online using Metrobank Direct online banking and it’s free. You can pay your electricity, water utility, telephone, or insurance bills without going to the bank or payment centers.

After logging in, you can see the Pay Bills section where there are list of billers you can transact with. If you have a FAMI Mutual Fund account, you can add funds to it by bills payment to SALEF, SALBF, SALFIF or SALMMF.

3. Secure Online Transactions

Security is very important when using Internet banking because it involves money and personal information you don’t want other people to know. Moreover, there is plenty of hacking and identity theft or fraud circulating in the Internet.

You don’t need to worry about security because each transaction you do is closely monitored by Metrobank. The site is highly secured with VeriSign security. You are the only one that knows your log in and password. In addition, every time you log in and log out you can see it in your transaction history so you know that you are the only one accessing your account.

4. View and Check Account Summary

It is easy to check and view your account summary by logging in to your account at anytime you want as long as you have Internet access. You don’t need to come to an ATM or visit your bank branch just inquire for your account balance or transaction you’ve made. You may inquire and view interest rates on your savings, checking and time deposits account.

5. Receive Paperless Bank Statement

If you want immediately your Metrobank’s statement of account, you can download it instantly through your Internet banking account. You can also see quickly the history of your transaction once you have a paperless statement.

6. Add Funds to your Mutual Fund, Stock Account or UITF

Once you have an online banking account, you can use it to add more funds to your mutual fund account, stocks or UITF account and it is very convenient to do. No need to come to the bank to deposit more funds, you can do it at your own home or office.

You may settle stock trading transactions with First Metro Securities Brokerage Corporation (FMSB) or add funds to your FAMI and CitisecOnline account.

7. You can also inquire and see the foreign exchange rates and open a new account if you want.

If you have problems with your account or you have any inquiries, you can send an email to Metrobank Customer service and they will respond.

How to Enroll in Metrobank Direct Online Banking?

If you are an existing depositors of Metrobank and you have the following accounts: Metrobank E.T., Passbook, OFW and Pensioners account, Fun Savers Club, Account One, Current account regular, MetroChecking Extra, Time deposit account, MetroDollar savings account, Fun Savers club and Metrodollar time deposit, you can apply by the simple steps below.

1. Visit your MetroBank branch and fill up the metro bank direct enrollment form completely.

2. After you finished filling up the form, you will be given a password mailer containing the password you must use on your first login to Metrobank Direct.

3. After 3 days, (In my case, almost 3 weeks) you will receive an email from Metrobank containing your assigned Customer ID.

4. Go to www.metrobank.com.ph, and click on the “Personal” login located inside the Internet Banking box found at the upper right corner of Metrobank Homepage, and you will be led to the metrobank direct log in page.

5. Log in to Metrobank Direct using your customer ID and initial password. You may change your password after your first successful log in.

If you still don’t have any Metrobank account mentioned above, just visit any Metrobank branch near your place and apply for opening a bank account and then enroll it to Metrobank direct at the same time.

If you are currently staying overseas and you have a Metrobank account branch in the Philippines, you may still apply for Metrobank direct by visiting any of Metrobank’s foreign branches in your location.

Pesos and Sense Video Episode 1

Pesos and Sense Video Episode 1 

Pesos and Sense

Last time, I post an article about a tv shows on GMA News TV regarding personal finances. A tv show that discussed about inflation, stock market, proper way of saving, and other investment vehicle that we can use to grow our money. The Pesos and Sense. While Im looking some youtube video for my next article. I was happy to find an interesting video. Its the Pesos and sense video of their first episode. If you missed that show here is the chance to watch now. Im happy to share it with you. 

Pesos and Sense Video Part 1

Pesos and Sense Video Part 2

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Pesos and Sense Video Part 3

Pesos and Sense Video Part 4

Happy Viewing!!!

Peso and Sense Video Episode 1 

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