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Time Value of Money: How to Determine the Value of Money with Respect to Time

Money received today is more valuable than the same amount of money a year from now. It is essential to understand the relation between mone...

Why you Should Save and Invest

A person with savings has more options in life. He is free to follow his choices and make his own decisions. He is free to worry about other important things in life. Investing improves your chance to increase your wealth. Investment improves your future financial stability while savings secure your present financial situation. Here are a few steps you can take in order for you to achieve financial freedom.

In order for you to spare some cash for your savings and investment you either must spend less than what you earn or earn more from other sources of income. For starters, you can budget your expenses around eighty percent of your current income and place twenty percent in savings. If it is hard for you to immediately adjust using this budget, start at a smaller portion, and continually adjust the portion until you are comfortable with the amount you put aside for your savings.

Philippine Term Life Insurance

When you are young and starting your own family it isn't easy to accumulate wealth for the financial security of your family. At this early stage in your life, the income you earn may be barely enough to support your family. As you begin investing for the future of your family or your retirement, you can still secure your family by spending a minimal amount each month. You can take extra steps to make sure your family will be okay in case something unfortunate happens to you.

One of the best way to secure the future of your family is to avail a term life insurance. No other investment instrument can secure their financial future at a minimal monthly payment. Insurance premiums are very affordable when you are at a young age. It is in this stage in your life when you have a lot of responsibilities and are usually strapped for cash.

Why You Should Properly Use Your Credit Card.

Credit cards has its advantages if it is used properly. It can provide you with discounts, perks and can even give you a ZERO percent interest loan for purchasing big ticket items. It is only when we abuse or misuse our credit cards that it turns into a burden instead of a tool to help you in your expenditures.

Before you go out and swipe that card at the counter ask yourself these questions. Have I fully paid my previous balance? Do I have cash in the bank to pay for the items once my credit card statement becomes due? Is my available credit enough to pay for the items?

Purchasing Repossessed Vehicles

Buying repossessed vehicles from banks has its benefits. If you are careful at purchasing a repossessed vehicle, you might even get an almost new used vehicle at bargain price. Although their are some vehicles that may look like a bargain it is always advisable that you carefully examine every nook and cranny of the vehicle before deciding on bidding or purchasing it. Meticulously choosing the right repossessed vehicle may save you thousands of pesos in the long run. It is always better to examine and reexamine a vehicle before making a decision. Below are some steps you could take to minimize your risk on purchasing a problematic repossessed vehicle.


1. Contact the bank and inquire about the steps on how to purchase repossessed vehicles. Ask for a list of their repossessed vehicles. Inquire about other additional expenses not included in the price. You can find some of the lists of repossessed vehicles from the links on my previous post Bargain Prices on Bank Foreclosed Properties. Once you have a list of the vehicles available for auction, check for low mileage vehicles that are within your budget. Some banks provide photos of the vehicles available for auction. Once you are done browsing all of the list from the banks, make a list of the vehicles you are interested in purchasing.