0 What Happens When Your Bank Closes?

A question that have crossed the minds of people who have a savings account, credit card, or checking account at any bank is, what will happen to their account in case the bank closes? As your bank works to grow the money you invested over time, there still comes a risk, although a relatively minimal one. Banks can sometimes make a bad decision and lose money. In the event that your bank would have to close, you will also lose money you have invested. Thanks to a law passed by the United States government, you may still recover money you have lost in cases of such an unforeseen event. The Role of FDIC It was reported that back in 1930s during...

4 Simple Ways To Get Out Of Debt

When you’ve got a lot of debt, it could feel like there’s no viable way out. The truth is, the world just started to recover from a devastating financial recession a couple of years ago. So if you’re in this position, you’re not alone. Many hard working consumers were laid off from work. Tons of people, struggling to make ends meet used credit cards and took out loans to cover their expenses while they looked for work that was seemingly impossible to find. But now, more and more people are getting back on solid ground, only to be reminded of their debts every single day. Here are 3 ways that you can fight back, and finally dig your way out of...

0 4 Hidden Credit Card Perks and Benefits that Consumers Should Know

Credit cards make us paranoid at times. We typically associate negative connotations to these plastic cards: never ending monthly payments, compounding interest, and a lifetime of debt among others. There are also perks and benefits credit cards offer, however, that can make us think the other way around. Flexible Payments Not everyday is shopping day, but if you have a credit card, you can practically buy what you can and pay just one-third of the amount owed next month.  So, if you are buying the iPad Air, which costs around PHP 32,000, you have to pay the exact amount if you want to buy in cash. But if you have a credit card...

0 Lessons from the Recent Recession

The Great Recession has created a big impact not just in America, but in nearly all nations across the globe. It has affected thousands: people lost their jobs, banks suddenly had plenty of money-lending problems, and the value of properties went down.   Which was—ironically enough—a piece of good news, especially for those planning to own or buy properties. If you’re one of them, do you know your options?  Housingloans and credit cards are two of the easiest ways through which people can afford to buy a house or property they have a yen for.  Real Estate in the Aftermath of the Recession   For some, the recession...

2 Grandma’s 8 Effective Tips on Saving Money

Many of us would prefer to listen to our grandparents’ advice rather than our parents or our own. It’s probably because of their experience, or it’s because they’re not annoying like other people (sorry mom and dad). Now, if there’s something I’d never forget about my grandma, it’s her tips on how to save money.                 Let me share my grandma’s money wisdom to you. 1)      Use a Piggy Bank I remember getting a piggy bank for my birthday, and Christmas, and my next birthday. Honestly, I always thought they were useless. However,...