Credit cards are very popular among shopaholics. The convenience of swiping and doing cashless transactions make credit cards the best companion in shopping. However, an alternative to credit cards are debit cards. So what’s the difference and similarities between a credit card and a debit card? Both cards are used by cardholders to buy good and services without using cash itself. In addition, both cards can be used to make purchases at the point of sale, over the phone, through mail

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Every successful entrepreneur starts from small not unless they inherited it from their parents who are tycoons by themselves. Through hard work and discipline, a small business can go into a large enterprise which can generate millions or even billions of profits. I am sure a lot of us want to start our very own small business. We are tired of having a boss who handles our time. If you are one of those who are contemplating of jumping to become an entrepreneur after being a long time

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Having huge debts is definitely a burden that’s why I always advise to manage your finances properly. However, if you already have huge debts, one way to pay these debts is through a structured debt settlement. While it may sound too technical to you, structured debt settlement entails restructuring of your loan. This can be negotiated with your creditor. You will have to enter a deal that will either lower your monthly amortization or extend your paying period so that debt payment will

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Having lots of debts is different to manage. You may need to track down all debts from one creditor to another including interest expenses and late payment charges. One solution to handling multiple debts is through debt consolidation. Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. More often, debt consolidation involves a secured loan

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First of all, I would like to greet you all Merry Christmas to everybody! Thanks for being a regular reader of my blog Millionaire Acts. Everyone wants Christmas to be meaningful. Christmas is definitely the season for gifts and shopping. During Christmas, a lot of people go to malls to buy various gifts to be given to their friends and loved ones. People just need to spend more during Christmas season. The effect? - traffic jam, growing credit card debts, lots of to-do lists, etc. I came

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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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Debt has always been considered as a liability. Yes, in most cases, debt is a liability because it is money owed to someone else. One classic example of a liability is a credit card debt. When you use a credit card, you’re taking a loan from the bank or company that issued the card. With that loan come interest payments. You generally do not pay interest for the first credit card cycle (usually a month), but any amount not completely paid off after that first cycle is subject to interest.

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As I have said in one of my post, one of the keys in achieving financial freedom is to earn more and desire less. Desiring less means controlling your spending. It has been said that no matter how huge your income is, if you don’t know how to control your spending and save for your future, you would end up nothing in the end. As one of my favorite quote in savings says: “Ubos ubos biyaya, bukas ay nakatunganga.” The first thing that you should do is to pay yourself first.

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They say that prevention is the best cure to any disease. Bankruptcy as we all know is the worst case scenario for people who want to achieve financial freedom. It’s like a disease that cripples us. Bankruptcy brings to mind a lot of horrible things. In Japan, they used to commit suicide when their business has gone bankrupt. Way back during the stock market crash of 1929, bankruptcy brings to mind a frazzled man in a tuxedo shouting “I’m ruined! Ruined!” before jumping from a high

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Debts - they are there to make our lives miserable. They are the cause of financial problems. They command us to work for the rest of our lives and become corporate slaves. Some people lose their insanity because of too much debt. Some commit suicides because they are heavily burdened by a lot of debts while some get into jail because of non-payment of their debts. Yet if you know how to manage your finances, you can live a debt free life. Here are some great advice for changing that and

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