Author: Mommy Mimi

3 Pitfalls of Uncontrolled Spending

Uncontrolled spending is some of the biggest problems of many people around the world.

Typically, whenever a person receives money – either through salary or loan – he will feel exuberant and end up buying unnecessary stuff.

A ‘pleasure center’ is also common among many people, and it prompts them to buy things that can bring lots of fun – regardless of the cost. If you’re guilty of uncontrolled spending, you should stop as soon as possible.


Here are the pitfalls of uncontrolled spending:


Compromised Financial Position

If you spend out of impulse, you’d have lesser money to purchase things that really matter for you and your family. This is the situation of thousands of borrowers around the world. Instead of stowing away your cash for savings, you’d end up staring at the things you purchased. You may even need to sacrifice things for the consequences of your actions. A compromised financial position is very frustrating. It will lead to more wrong decisions in the future.


No Room for Savings

Without a room for savings, you’ll lead a life full of risks. Whenever something happens, you won’t have a contingency fund to use. This will lead you to borrow money and pay for high interest. So, you should start saving as soon as possible. Even few bills can help a lot because they will compound over time. You should even teach your kids about the importance of saving. Better yet – create a family savings stash. This stash will prompt all of you to save money and acquire bigger savings as the years roll by.


A Miserable Life

After spending your money unwisely and you’re left with little financial options, what’s next for you? Now, you have a miserable life for the coming years. You’ll be stressed upon knowing that you have no savings to cover key situations in your life. You may even rely on fast cash loans just to get by. Surely, you don’t want that kind of life, right? Well, it’s not yet too late. Envision the life you want, then take realistic steps towards that vision. Know what things are at stake if you continuously give in to your spending impulses.


Proper planning is the key to stop your impulse to spend uncontrollably. It’s important to create a financial plan so that you’d know how much money is coming in and going out per month. Eventually, you will become a responsible spender and you’d be able to control your life.

Saving Tips For Moms

3 Best Loans for New Employees

Being a new employee in a new company can be challenging indeed.

You have to meet the expectations of your superiors and mingle properly with your co-workers. You also need to juggle your time and expenses, especially if you have a family. There are even some instances when you might need a loan. In that case, you should pick the best loan products in the market today.


Here are some best loans you can try:


Personal Cash Loans

Fast cash loans, or simply personal loans, are popular options for employees nowadays. Personal loans in singapore are mixed – they can be secured or unsecured, depending on the lender. Typically, personal loans are unsecured so your assets won’t be compromised. Because of this, the lender must manage the risk.

Personal loan lenders may have variably higher interest rates, but there’s always a room for negotiation. Hundreds of personal loan lenders are also competing for the top spot so you won’t run out of choices. Just remember to pick a reputable personal loan lender so there’d be no regrets along the way.


Gadget Loans

If you want to purchase a new gadget and you don’t want to use your pocket money or savings, you can try applying for a gadget loan. Gadget loans are short-term loans that can be repaid in a period of three months or more. It’s a flexible loan as well, and you can use it for any other purpose you want. While gadget loans are typically smaller than personal loans, they have slightly higher approval rate. You also don’t need to worry about the strictness of gadget lenders. They only need your ID, certificate of employment, and billing statement.


Salary Loans

Payday loans in singapore are highly similar to personal loans but they’re especially targeted for employees. You can even get discounts and perks according to your salary level. If you already have a good credit rating prior to your employment date, the lender may offer you a better deal. Banks can even offer salary loans, but their rates are a bit higher than online licensed money lenders in singapore.

If you’re a new employee, a timely loan can definitely help you cover your basic expenses. But this shouldn’t be your focus. Rather than hunt for loans, you should strive hard to improve your performance as an employee. Sooner or later, you can get the opportunity to apply for the best loans out there. You should also look for a reputable licensed money lender so you don’t have to worry about getting ripped off.

Loan Tips For Moms

3 Easy Ways to Prepare for Retirement

Retirement – a phase that many people don’t pay attention to. This phase is far off the road and it paints a mental picture of old people enjoying serene beaches and parks. However, times have really changed. It’s wiser to prepare for retirement while you’re still young and full of energy. Also, there are modern institutions and groups that can help you fund your retirement.

But if you want to fund your retirement on your own, these are some workable strategies that you can apply:


Build a Scaling Savings Fund

A savings fund is a good thing, but a scaling savings fund is even better. What’s the difference between the two? Basically, a scaling fund means that any amount of money you put towards it will have increments. The amount will be cumulative so that your savings fund will keep on growing. This technique is useful because it will cover all possible expenses during your retirement phase. You just need to be financially disciplined in putting cumulative amounts. It’s like having a growing financial nest egg driven by your efforts.


Seek Investments

Securing investments is the traditional way of preparing for your retirement. There are many investment options that you can choose from, such as stocks, bonds, mutual funds, commodities, jewelries, master resale rights, online assets, royalties, collectibles, and treasuries. You can even invest in startups or in people, but you need to be wary in doing so. With the help of the Internet, educating yourself about these investments is not a difficult thing to do. You just need to spend time in researching and understanding markets related to your investment.


Use Leverage

Check out the worlds’ richest business people.

How do you think they reached their financial prowess? The answer is leverage.

You can use leverage in funding your retirement. First, you need to create a system that can be duplicated by thousands of people.

Second, you must live out that system honestly so that you can reap its benefits. A leverage-based system can help you attain wealth, resources, or influential contacts that can benefit your retirement. The earlier you work on this system, the more successful it can become.


We all have different methods in approaching retirement. You can even choose the age when you’re going to retire. What’s important is that you accumulate as many resources and memories as you can. By doing so, you can enjoy your golden years peacefully.

Saving Tips For Moms

3 Exceptional Loans for Millennials

Millennials are now becoming the modern backbone of society. With new ideas and belief, millennials tread on life differently than their Baby Boomer counterparts.

Because millennials have seen different events – positive and negative – they are eager to seek for global changes. Millennials have also brought potential impact to the world that even lenders have marketed new options for them. Lenders have also changed the way they deal with millennials.


Are you a millennial seeking for a loan? Here are the best options for you:


Quick Cash Loans

Quick cash loans are best options offered for millennials and everyone else.

Most of the time, online lenders are offering quick cash loans. Just like its namesake, this loan can be released quickly.

The average window of time is 30 minutes to one hour. Some lenders may take longer, depending on their cash release and pre-approval systems. Another advantage of quick cash loans is its leniency. Many lenders are not that strict when it comes to requirements and background check. This is good for millennials who are just starting their careers.


Variable Personal Loans

Variable personal loans are unsecured loans with moderate or high amounts. If your credit score is banking on the positive side, you can try applying for a variable personal loan. Banks offer these kinds of loans, but you can get faster results with online lenders. Before sending your application, you should look for a personal loan that has low interest and manageable repayment terms. The acceptable terms should be around three to five months. Anything beyond that can compromise your financial position.


Modern Auto Loans

Millennials want to climb the societal ladder quick, and one of the best ways to do this is to get a car. If you don’t have enough cash, then you can get a car with the help of a modern auto loan. Car loan philippines lenders will give you the chance to purchase the car of your dreams, as long as you can repay the monthly dues. The advantage of modern auto loans is the fact that they’re formulated better to match the lifestyle of many borrowers. You just need to prepare ahead of time because auto loans may take years to repay.


While there are hundreds of loan options to choose from, the loans mentioned above can definitely fit your lifestyle. Someday, if you need bigger loans, you can always visit a prominent lending company and file an application. Just make sure that you’re ready for the responsibility.

Loan Tips For Moms

3 Flexible Loans for any Family

Every family will face a financial situation over the years. Some families are even fed up with financial troubles appearing one after another. Despite your plans, there will come a time when your income won’t be enough to deal with any financial dilemma. In this case, you need the help of a flexible cash loan. But with hundreds of loans circulating in the market today, it may be confusing to pick the right ones for your family.


To get you started, here are some of the most flexible loans for your family:


Personal Loan

A personal loan is flexible because anyone can apply for it. The only limitation is that you need to have an income source to get pre-approved. Personal loans also boast some of the manageable interest rates in the lending arena today. On average, you only need to pay 10% of the principal amount. If you and your spouse both have jobs, repaying the cash advance is not that difficult. You can also try the personal loans offered by online lenders since they have smaller rates than banks.


Home Loan

Home loans are popular if you want to renovate something in your home. But the loan can also be used for different purposes. Home loans have more requirements needed than personal loans but you can get higher amounts. There’s also a chance to refinance the loan, depending on the lender. Through refinancing, you can get a higher loan even if you didn’t apply for a new one. Basically, you’re just extending the loan with a slightly higher interest. The option to refinance may be affected by your credit score.


Medical Loan

Medical emergencies are always part of life. No matter how we strive hard to maintain the safety of our family, medical situations will still arise. In this case, you should get a medical loan. While medical loan lenders are strict, they can give you greater financial advantage. Instead of using your savings, the medical loan will take care of everything. Once the situation is over, you can even keep a portion of the medical loan for your savings. While banks and institutions are sanctioned to give out medical loans, online lenders have joined the market as well.


Once you managed to get a loan or a rcbc bankard credit card, you should focus on the next important thing: repayment. If you cannot repay your loan properly, you’d end up with great penalties and other charges. More importantly, your credit reputation might be compromised.

Loan Tips For Moms