Next week would be Christmas already. I’m sure you are already shopping for Christmas gifts that you plan to give to your friends and loved ones. However, given the current state of our economy, we cannot spend so much. We need to do budgeting and look for cheap and budget Christmas gifts for our loved ones. When your Christmas budget isn’t big enough to provide for everyone on your Christmas gift list, it’s time to search some cheap Christmas gift ideas that suits your budget.

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During times of economic recession, the single most important word is SAVE. Therefore, it is essential for us to find ways to lower our monthly expenses and free up cash for more important expenses. While many of you will tell that insurance is not a basic necessity, insurance lets you protect for uncertain times like an accident. In my previous post, I discussed about life insurance and differentiated between whole life insurance vs. term life insurance. Today, we are about to discuss car

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We are experiencing global climate change nowadays which causes a lot of abnormal calamities like strong typhoons and the like. Therefore, we should save our environment for us not to suffer the detrimental effects of mother nature. One of the things that we should do is to “go green”. It wont’t only save our environment but also it can also save us more money. Yes, going green can be a bit frustrating and inconvenient. Hybrid and organic products, for example, often come at

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Electric bills are one of the utility bills that we keep on paying in our homes. It is one of the expenses why Kiyosaki considered house as a liability and not an asset. While you can live without paying other bills (i.e. tv cable bills, magazine subscription bills, internet bills, etc.), electricity is one the “must pay” bills that we should pay. So how can we save money for these electric bills? How can you lower your electric bills? In one of my earlier posts, I already gave

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Most people will tell you they have a financial plan. What they really mean is they have a “retirement package” with a pension fund, life and health insurance policies, mutual funds, and the like. The typical plan is nothing more than a collection of financial products purchased without a clear idea of the total picture. Investing requires a personal financial plan. Where are you and where do you want to go? Do you just want to be secure? Comfortable? Or rich? Are you set up to retire

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There might be nitty-gritty stuffs in your home that needs repair. I admit, I am not that knowledgeable when it comes to home and electrical appliance repairs. I envy my dad because he has a lot of knowledge when it comes to it. He don’t need to bring the appliance to a service center or hire a contractor to service us for little things he can handle. That saves us a lot of money yearly! Hiring a handyman to work around your home is a luxury to many people can’t afford. But before

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We’ve talked about the current recession before and we know that the main thing that triggered it is the subprime mortgage crisis which originated from several investment banks. But what about a more severe economic downturn called depression? According to Wikipedia: In economics, depression involves sustained, long-term downturn economic activity. While recession is seen as a part of a normal business cycle, depression is a sustained recession. It is characterized by abnormal increase

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In one of my previous posts, I mentioned about the difference between good debt vs. bad debt. In summary, good debt provides money into our pockets while bad debt drains money out of our pockets. In the long run, good debt becomes asset while bad debt becomes liability. What will you do if you have an unsurmountable amount of bad debt? One of the easiest way to accumulate bad debt is through an undisciplined use of your credit cards. You keep on swiping and swiping that card without you

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One month more and it’s Christmas again! Time flies very fast! Santa Claus will again come to town and will visit each one of us to give some Christmas gifts! Are you excited? As a Santa Claus to your friends and relatives, are you thinking of what gifts to give to them this coming Christmas? We all love Christmas. It’s the season of gift giving among our friends and relatives. However, it’s also the season of spending. You love Christmas but probably hate what it does

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The primary reason most people have money problems is that in school they were never taught cash flow management. Without this training, they wind up working harder and harder in the belief that making more money will solve their problems. Unfortunately, more money often just sends people deeper into debt. More money won’t solve problems if cash flow management is the problem. As CEO of the business of your life, you’ve created a personal financial statement and analyzed it. The next step

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