I am not yet a parent but in the not so distant future, I will be. As a parent, you want to give your children the life skills to survive on their own when they grow up. Part of that is teaching them about saving money. How do you do that? You have to teach them intentionally! Work. Work is how money is made. There has to be an emotional and intellectual connection between work and money. Because this connection needs to be emphasized, you should never use the words “allowance”.

Read the rest of this entry >>

During your “single years”, you have plenty of time to enjoy the things that you want in life. However, as soon as you grow older and decided to change your status from single to married, you will have more and more responsibilities. When you get your own home, you will be exposed to a lot of expenses. These expenses can eat a huge percentage of your savings. However, there are some things that you can do to help reduce your expenses. Here are some of the general frugal tips you

Read the rest of this entry >>

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

Read the rest of this entry >>

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

Read the rest of this entry >>

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

Read the rest of this entry >>

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

Read the rest of this entry >>

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

Read the rest of this entry >>

WHAT IS AN EMERGENCY FUND? Life has a lot of uncertainties. You may not know that one day you’ve been hit by a calamity, you had an accident, you suddenly became ill, or your house got burned. In these circumstances, you need to be prepared. In personal finance, it is often called “saving for the rainy days”. These savings is often called emergency fund that is often used when we encounter emergency situations. WHERE SHOULD YOU PUT YOUR EMERGENCY FUND? Since emergency funds

Read the rest of this entry >>

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.

Read the rest of this entry >>

Foods - they constitute the bulk of our expenses. It’s one of the basic neccessities in life. This is the stuff of life - the stuff that you put into your mouth and others’. It includes the Starbucks coffee you buy during coffee breaks at work, grocery items you buy every week for your family, and other types of foods you buy every now and then. This is such a variable figure and depends on your circumstances, whether you live alone, love cooking, or choose convenience food. It is

Read the rest of this entry >>

We are talking too much about frugality and ways to save money here. I’ve enumerated several ways on saving money in different situations - whether be it on work, at home, or during leisure times. It’s not always about saving because sometimes we need to spend to get the economy going. If we don’t spend, then basically businesses will shut down because they won’t be generating any sales. Spending somehow have an impact on how we contribute to our economy. It propels

Read the rest of this entry >>

Are you a reader of Good House Keeping Magazine? Last July 2009, I got my very first feature under their Money Makeover section. I was happy with the outcome and I was contacted again to further contribute to their growing number of readers.   And so since I knew that my second feature will come out this September, I urgently bought the magazine again to see how it goes. I bought one copy at the nearby Mini Stop in our office. The September 2009 issue Good House Keeping Magazine cover was no

Read the rest of this entry >>

Are you drowned with debt? Are you having problems in managing your debt? Does it look like that you need to work for the rest of your life just to pay those debts? Well, it’s not too late for you. You must act now not to be burdened by those debts. Of course you want to enjoy the fruits of your labor. You don’t want to end up working just to pay those debts. Here are some personal finance advices for a successful debt management. Control your spending. The ultimate way for managing debt

Read the rest of this entry >>

Earn more and desire less. These are the words that have utmost importance when you want to achieve financial freedom. No matter how small your income is, if you desire less, definitely you will spend less and you can consider yourself to be “wealthy”. I believe our lifestyle determines whether we will be wealthy and financially free. There are a lot of persons out there who earns a lot but still because of their high lifestyle, however how huge their income is, all are spent and nothing

Read the rest of this entry >>