Showing posts with label Money & Shopping. Show all posts
Showing posts with label Money & Shopping. Show all posts

Saturday, September 28, 2024

Yes, I did get a Tod's D Bag... and how!

My dear Loyal Readers deserve this little story. You're going to love this because at the height of my obsession, you sent me messages encouraging me to just buy it! And so I did. But I'm getting ahead of my story.

Once upon a time, a silly girl fell in love with the ugliest designer bag in the world.

I first told you about my Tod's D Bag love affair in my old beauty blog way back in the late 2000's. I remember the comments saying they'd never heard of Tod's before. I don't care if no one knew Tod's. For me, it was Princess Diana's bag and that was enough reason to own one. I reaffirmed my desire for that ugly plain bag here: Yes, I still want something from Tod's. Two years later, with Kate Middleton (plus Hollywood celebs and local fashionistas) also caught out and about with the Tod's D Bag , I promised myself I would own one one day.

But I could never bring myself to buy it because I just didn't have the money. And then when I finally did have the money, I realized it wasn't even that beautiful a bag to splurge on. It's really quite boring. But I liked its plain ugliness, its anonymity, and the fact that no one owned one. Everyone I knew had more than a few Louis Vuitton, a couple of Pradas and Goyards, a Ferragamo here, a Fendi there, a Celine, a Chanel, and even an Hermes. But a Tod's? Nobody owned a Tod's. The bag that two princesses owned? The bag that Amy Dunne, the most insane movie wife, carried??? It's the most understated, under-the-radar luxury designer bag. And that's why I was obsessed with it. But I didn't want to fork over that much cash for it. 

So at first, it was around 70K. Then every year, it got more and more expensive until finally, it was 115K. I figured it was never going to get cheaper so I should buy it. But, being a mom by then, I very quickly snapped out of that insanity when I realized the better choice isn't always the easiest choice. So I let go of the dream but asked God anyway that if ever He can throw one my way, I'd appreciate that very much.

Now I've said here before that we must never treat God as a wish-granting fairy. That said, I've had some prayers answered (do you remember my Ethan Allen headboard?). So a year after I bid good-bye to Tod's, one of my friends said that I could buy from Japan. In Japan, she said, people discarded their designer bags quickly. So I went to the eBay store she told me about and I was astounded to find the exact Tod's D-styling Bauletto Bag in dove grey that I wanted. And it was in pristine condition. It was practically brand new! I couldn't believe it!

Now, on eBay, it's an auction and the starting bid for the bag was Php 4,500. I couldn't believe it! I saw that the bidding was open for 7 days, and that made me lose hope because bids can go up to crazy amounts. There's automatic bidding so I started my bid at Php 5,000 and set my final bid for Php 15,000 and I told myself I won't check the bidding war till after the auction ends. Because sometimes, in the last few minutes of the auction, that's when the bids come in and you get excited and carried away and bid and bid and bid, then the next thing you know, you've pledged your entire savings and retirement plan for something dumb like a bag.

So 7 days later, I checked eBay and to my shock, I had been the only bidder! So I won the bag of my dreams for only Php 5,000! Shipping was Php 4,500. I paid for it with my credit card and 3 days later, I got the big box of royal bag joy. I opened it and my Tod's D-styling Bauletto Bag looked brand new. It smelled brand new. It felt brand new. I was so happy!

I don't know why I never blogged about this. I quietly debuted my Tod's D Bag in this post - A peek at Tod's SS 2017 collection - but it's such a bad photo so nobody noticed my dream come true hahaha 

This is my most recent outing with it. This was literally today!


So now here's the amazing part. 

The purchase never appeared on my credit card bill. This could be for a variety of reasons. In my case, the merchant could've failed to process the transaction correctly, or there was a technical glitch. Or there could've been a delay.

I waited and waited for the charge and then forgot about it till maybe a year or so later. So I called up the bank and told them they never billed me. They made me wait on the line for minutes on end, hunting down the purchase. They never found it. They then told me that since it's been more than a year, it's considered "outside their window for action." A bank allows disputes for billing errors within 60 to 120 days so they said I could try contacting the merchant to ask if they want to reprocess the transaction. So I (very reluctantly I will admit) sent a message to the store. They never replied. You know why? The eBay store didn't exist anymore.

So I got my Tod's D Bag for free.

FREE! FREE! FREE!

After all those years. After all that hemming and hawing. After all that praying. I got my silly bag for free!

You gotta admit that's incredible.

So I have the bag of my dreams. That I got for free. That no one knew about. Until today.

And that's my Tod's D Bag story. Oh, by the way, soon after I got my bag, Tod's discontinued it so now it's a collector's item. I can't sell it, though. It's really so used and battered. The leather's gotten softer, so it's slouchier and uglier. But that made me love it even more and so now I'm going to use it happily ever after! 

Follow me on Threads, @francesampersales
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Thursday, September 26, 2024

6 Tips When Using Your Credit Card to Purchase from Foreign Online Shops

Now more than ever, it’s easier for consumers based in the Philippines to buy stuff from foreign shops using their credit cards and other payment gateways. The internet, combined with more efficient and tech-driven logistics systems, has elevated the level of convenience that everyday credit card users can enjoy while accessing a wide array of products that might not be available locally.


But are you truly maximizing the benefits of using your credit cards for online shopping? Perhaps there are still ways to make this process more efficient while ensuring that you get the most bang for your buck. To that end, here’s a list of tips that you can use to get better value for your money when shopping online:

Tip 1 - Choose the Right Credit Card.

First, you’ll need to use the right credit card when purchasing goods from foreign online shops. A credit card with low or no foreign transaction fees, for instance, can save you a significant amount of money. These fees are typically charged by banks for converting your peso payments into the foreign currency of the seller. For instance, if your card charges a 3% foreign transaction fee, a USD 100 purchase will cost you an extra USD 3.

After scrutinizing the foreign transaction fees, examine the rewards or cashback that your credit cards offer on international purchases. Some cards might give you 2% cashback on all purchases made in a foreign currency. This means that for every USD 100 you spend, you get USD 2 back, effectively reducing the cost of your purchase.

Cards that offer better rates can provide you with the best benefits for international spending. It would be good for your credit card program to afford you some perks for shopping you can already expect to do both locally and internationally. One awesome contender that’s available today is the Landers Cashback Everywhere Credit Card by Maya. On top of up to 5% cashback that you get from purchasing in Landers Superstore and 2% cashback you receive whenever you dine out, you’re also entitled to a 1% cashback for every other type of transaction—which means you can get even more value from this card when you shop from a foreign store online.

It’s also important to pay attention to the exchange rate used by your credit card, as this can affect the final amount you pay. Some cards offer more favorable rates than others. Research and compare the currency conversion rates offered by different credit cards to ensure you're really getting the best deal.

Tip 2 - Monitor Exchange Rates

That said, take note that exchange rates fluctuate. This means that you need to time your international purchase when rates are better for you so that you can save money. If you notice that the exchange rate for USD to PHP is more favorable on a particular day, for example, it might be a good time to buy that item you've been eyeing.

To make this task easier, use online tools and apps that provide real-time exchange rate information. They can help you compare the rates offered by different credit cards and decide which one to use for your purchase. Knowing the current exchange rate also allows you to set a budget for online shopping and avoid overspending.

Tip 3 - Know the Ins and Outs of Your Card’s Benefits

Many credit cards offer purchase protection, a feature that can cover you if an item you buy is damaged or stolen within a certain period. If you buy a gadget from an overseas store and it gets damaged during shipping, your credit card’s purchase protection policy may reimburse you for the cost of the item, for one. Check the terms and conditions of the credit card that you want to use to pay for your foreign purchases to understand the coverage and how to file a claim if needed.

In addition, some credit cards can also extend the manufacturer’s warranty on items you purchase. Let’s say that you are planning to buy an electronic device with a one-year warranty. In this scenario, your credit card might extend it to two years, which will save you money on repairs or replacements. However, do make sure to register your purchases and keep all receipts and warranty information for easy reference or reimbursements.

Tip 4 - Secure Your Transactions

No matter who you are transacting with, be it a local or foreign store, it’s a must to ensure that you’re holding your transactions on a secure platform. Make it a point to enable two-factor authentication (2FA) for your online purchases. This adds an extra layer of protection to your purchases and works by requiring a second form of verification, such as a code sent to your phone, in addition to your password. Activating 2FA makes it harder for unauthorized users to make purchases with your card.

Also, check out if your credit card provider offers the use of virtual credit cards. If you can use these temporary numbers instead of your actual card details, you’ll be able to get extra protection against potential fraud. In case the virtual number is compromised, you can have peace of mind knowing that your real credit card information remains safe.

Still, regularly review your credit card statements to spot any unauthorized transactions as quickly as possible. If you notice any suspicious activity, report it to your credit card issuer immediately. The good news is that most providers offer zero liability protection, which means you won’t be held responsible for fraudulent charges if you report them promptly.

Tip 5 - Look for Deals and Discounts

Make sure to look for promo codes and coupons that can reduce the price of your purchase. A number of websites and browser extensions can help you find valid discount codes for various foreign online stores.

Also consider joining the loyalty programs of the online shops you frequently buy from. These programs often offer exclusive discounts, early access to sales, and points that can be redeemed for future purchases. Participating in these programs can help you get better deals and stretch your budget for foreign goods even further.

Tip 6 - Learn Your Card’s Return Policies and Fees

Lastly, make sure you carefully read the return policies of the foreign online shop you’re buying from. Knowing the conditions under which you can return an item, as well as any associated costs, can save you from potential headaches.

Some stores may offer free returns, while others might require you to cover return shipping costs. You should also be aware of the costs associated with returning items internationally, as these can be quite high. If you need to return an item, consider using a shipping service that offers tracking and insurance to ensure that your package reaches its destination safely.


Tips like the ones mentioned above can make your online international shopping experience more rewarding and secure overall. Be a smart consumer and maximize the benefits afforded by your credit card while minimizing the costs of shopping in foreign online stores and getting the most value out of your much-awaited purchases.


*Photo by Vitaly Gariev on Unsplash
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Friday, August 30, 2024

In 5 Years

It's August 30, 2024. I'm 47 years old. I'm married to a novelist who also writes for a business title. We have three sons—14, 12, and 10. I have one published book and three works in progress. I'm a book editor and the co-founder of Lean In Manila, and my day job is as a communications manager.

Five years from now, on August 30, 2029, I will be 52. I hope to still be happily married (like we won't be sick or dead) to Vince, who will be 55. Our sons will be 19, 17, and 15. That means we'll still need to work because we'll still have students, the eldest a college freshman, the second graduating senior high school, and the youngest graduating junior high. Looooong way to go before retirement!


A lot can happen in 5 years. Why, 5 years ago, in August 2019, I was a PR manager with little boys. By October, I'd resigned and became a work-at-home mommy. I was an influencer, a freelance writer, and a PR consultant. By January, I had signed 2 clients - the big one in hotels and tourism. But by March, the pandemic happened so I lost that business. We homeschooled our kids. I got a fun job as an editor for a copy agency with fashion and beauty clients all over the world. I wrote my first book, Not Invisible, (thank you for your support!) and that made me so happy I resolved to come out with a book every 3-5 years.

So in 2020, I wrote a book. In January 2021, it was published and ranked #3 New Release on Amazon in its category. I gave myself the rest of the year to promote it. The whole of 2022 was going to be writing the next book so I'll have my second book by 2023, 2024. I had been on schedule but then 2023 happened and I was derailed. In between, I went international and contributed to Boy Moms, the book by TheBump founder, I was published in Mother magazine, and was a finalist in the non-fiction category of Women on Writing. Meanwhile, Vince's fifth book The End of All Skies was published by Penguin Random House SEA so I got busy promoting his novel, too. Then my book editor job was resurrected when I edited Justine Castellon's novels. 

Now, my life has always revolved around words - writer, magazine editor, blogger - but the last few years have been especially wordy and I love it! So yes, the last 5 years were crazy. Crazy good, crazy bad. But all I can think of is how grateful I am anyway. And that I'm looking forward to the next 5 years while praying they will be kinder.

I saw this post on Instagram a couple of weeks ago and I want to do this activity, if only so I could focus on my 5-year vision.


I plan to accelerate my life!


I'll blog it! And it took me more than 30 minutes (2 weeks!) but only because August was extremely busy that I couldn't find time to sit down for 30 minutes and think and write it down! But I finally have time today. Hooray!


All I want is to be happy, healthy, and with my husband and sons, writing and editing. So yeah, I have everything I want!

Where am I living? 
I'm still living here in our condo, where we've lived since we married in 2007. I really love where we live, but I want a major renovation. It really needs a total revamp. 

But there's a part of me that wishes we lived in The Arton near Katipunan. I want my kids to study near their college, which will of course be UP Diliman. After almost 30 years of meeting and working with many kinds of people from different schools, I am still convinced it's the best university in the country.

Who am I waking up to next? 
I actually sleep by myself. My husband doesn't like this but ever since I started perimenopause, I have had a hard time sleeping, especially when someone else is breathing beside me (husband or child). But when I'm on my own, I can fall asleep within minutes. So I weighed it: my marriage or my sanity? My marriage or my health? My marriage adjusted. We're still very happily married and very happily sexual despite sleeping apart. 

That said, I hope when this perimenopause hell is done and my hormones have calmed down and my sleep isn't so easily disturbed, I'd be waking up beside my husband again. Especially since it's so delicious to wake up with him. 

What does my house look like? 
I would like my house to look more stark. More bookshelves for my piles and piles of books and storage to hide all our mess. My kitchen will be smaller but more efficient and very white. Bathrooms will be more modern. The kids will have custom-built beds and closets. Our bedroom will also have custom-built shelves and closets. There will be better lighting. There will be speakers in the ceiling in every room so that I can listen to music properly. I've been leaning towards white and gray for a while now. I guess it's because my life is so busy that I want to be surrounded by blankness. But my husband likes color so this is never going to happen. He's already had to adjust to my sleeping preference.

Maybe I'll rent a studio and paint it all white, put a desk and a daybed there, line the walls with shelves for my books. Put up a watercolor painting corner and take up drawing and painting again. Another corner can be a podcasting station maybe. I also want a big table for all my unfinished projects. I can go there to think and write. And sleep.

Virginia Woolf wrote in A Room of One's Own that financial constraints and the prejudice of society have inhibited a woman's creativity. And yet, while I agree, millions of women, despite having no money, no time, no rest, and no support, continue to still create. It's infinitely easier to create without worrying over bills, security, and childcare, and yet we women persist. I believe that's what makes us such beautiful creatures.

What time do I start work? 
Well, if I still worked at Personal Collection, I'd start work at 8 AM. But if I had my way, I'd start work at 10. That means I'd either be busy with my resurrected writing and editing business (it's dormant now but I'm still filing taxes via Taxumo) or I'm writing my third or fourth book! 

What's on my calendar that day?
Let's see. August 30, 2029, is a Thursday. I'll probably be working and then cooking. Then I'll have dinner with my family and then read or write. Same old, same old. But that's okay.

Who am I working with?
If I'm still with PC, hopefully, I'd be working with the same team. I like them a lot. I'd also like Lean In Manila to be more prominent in my life by then. We haven't had time to do more with it but maybe in 5 years, we'd be doing monthly Circle Sessions and talks and workshops. 

I want to work with more words so that means I want to work with authors as their book editor. Or I'd be working with my publisher because I'd have my nth book by then! I also want to write for publications again so I'd be working with more editorial teams.  

What is my salary?
You know, if life weren't so expensive, I'd be happy teaching kids, writing books, blogging, serving coffee in a little library cafe that's been my dream to start. I'd even be okay with arranging bookshelves in a bookstore. So yeah, my kids would starve if I did that haha

I've done the math and we just need P200,000 a month to live comfortably. I honestly don't want more than that. But I'm not earning that yet. I don't know how to get there but if you're hiring and would like to offer me that, let me know!

How do I feel about my job?
Assuming I'm still with PC, I think I'll be doing okay. I actually really like my job. I just don't like the hours. If it were a 9-5, it would be perfect. It's an 8-6. As a mom and an author, that makes me unhappy. 

So if in 2029, I'm in a job that's 9-5 (but pays 200K??? hahahaha) or better yet, starts at 10am, I'd be very very happy!

I really should just restart my business. I was earning okay. But I got too old for the hustle and the running after clients who don't pay. I just couldn't deal with the indignities anymore.

What is my health like?
So I had a bad year last year. My physical and mental health suffered. This year, I started exercising and eating better. Still not exercising daily and I really should add more fruits and veggies to my diet and curb the carbs. But I've already lost 10 lbs! That was my year-end goal but I achieved it in 6 months! Yey me!

So in 5 years' time, I hope to be fit and healthy. I want to be 125 lbs (I'm 134 now). I want to be able to run and climb stairs without huffing. I want to be muscled and toned with clear skin, my cholesterol levels down, my periods over, and I'll just be a crazy, happy, gorgeous, bitchin' middle-aged woman!

How often do I travel?
Hopefully, never. You know, that is the most un-Filipino thing about me. I hate leaving my house. I intensely dislike traveling. I mean, I'd do it if I had to. Like, if I'm forced to do it because it's a job or a wedding or something family-related. Okay, fine, I like traveling for work. And only for work. I hate traveling for leisure. So in 5 years' time, if I am traveling, I'm only doing it for my kids. Or family. Or work.


Why, no, everything I wrote I know about me, but I was surprised that I publicly admitted to hating traveling! 


I'm definitely adding to the working with others part. I've been itching to do collaborations again and meeting new people again and just working on something that isn't my job.


This is true! I've always had a crisply detailed vision of my future. Even when the kids stampeded over it and motherhood and my corporate job kinda drown me with all their might. My head bobs up from the waters of duty and I still see that the one thing I really want to do in my life is write. It's always been the shining beacon, the one thing that saved me from poverty, that got me my husband, that gave me a happy career, that kept me from going insane when my mental health suffered, and it's still the one thing that makes me completely happy. Life may get in the way but I also know I'll always steer myself back to writing. Now I just need to figure out how to make writing make me big bucks!

And that's what this whole exercise achieved! I realized I need to make writing make me not just happy and fulfilled but also make me lots of money! And this is our cue to laugh ourselves silly hahaha  

Well, this was a fruitful exercise. I'm giddy now! Let the planning begin!

I wrote my way outWrote everything down far as I could seeI wrote my way outI looked up and the town had its eyes on me

I wrote my way out of hellI wrote my way to revolution

Wait for it, wait for it, wait for it (I'll write my way out)Wait for it, wait for it, wait for it (write everything down, far as I can see)Wait for it, wait for it, wait for it, wait (history has its eyes on you)
I'll write my way outOverwhelm them with honesty
- "Hurricane," Hamilton
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Friday, July 05, 2024

5 Important Money Tips for First-Time Job Seekers

Your first job will be a significant milestone and will mark the beginning of an important new phase in your life. But amidst the thrill of earning their own income, many first jobbers get overwhelmed with the prospect of managing their funds for the first time. You yourself may be unsure of how to manage your salary effectively, especially if you haven’t had prior experience budgeting for monthly expenses or dealing with financial obligations such as rent, bills, and loan repayments. Moreover, the allure of newfound financial freedom inevitably brings about the temptation to overspend or to make impulse purchases, which in turn makes it all the more challenging for you to stay within budget and prioritize your savings.

As a new income earner, it’s important to know what to do with your salary and how to set a precedent for good financial habits down the line. Without proper guidance, you may fall into the most common pitfalls that will hinder a new professional’s financial progress. The key to building a strong financial foundation for yourself and achieving your long-term financial goals lies in learning how to handle your income responsibly. You’ll want to avoid costly financial mistakes early on and set yourself up for a brighter financial future as you climb up the professional ladder.


To help you navigate the complexities of personal finance and make the smartest decisions about your hard-earned money, here are some important money tips to consider.

1) Open a Savings Account

One of your first steps towards financial stability should be to open your own savings account. This should be your designated place to store your savings, and it should allow you to build a financial cushion for your future needs.

When choosing a bank and account type, consider factors such as interest rates, fees, accessibility, and additional features like online banking and mobile app access. Your search for the ideal savings account product doesn’t have to stop with traditional banks; why not open an account with Maya, the top digital bank in the Philippines? You’ll be able to enjoy competitive interest rates up to 15% p.a. and a zero maintenance balance to maximize your savings, plus neat features like Maya Personal Goals for allotting your income towards goals like saving up for a new vehicle or your dream vacation. Saving, spending, and earning more wealth across your professional career will be easy from a unified and reliable platform like Maya.

You can also set up regular automatic transfers from your salary account to your savings account. This will ensure consistent savings each payday and mitigate your temptation to spend a big chunk of your paycheck.

2) Be Aware of Your Paycheck Deductions

Once you start receiving your paychecks, you’ll soon realize that your salary comes with deductions. Take the time to review your pay stub and familiarize yourself with each deduction, including the specific amounts and what they cover.

In the Philippines, common deductions include taxes, Social Security System (SSS) contributions, Pag-IBIG Fund contributions, and PhilHealth contributions. Learn about the paycheck deductions you’ll typically receive to better budget your take-home pay and to avoid being caught off guard by unexpected deductions. If you have questions or concerns about your deductions, don't hesitate to reach out to your company’s HR or finance department for clarification.

3) Devise a Monthly Budget

Creating a budget is key to managing your finances effectively and ensuring that you're living within your means. Start by assessing your income, including your base salary and any additional sources of income such as bonuses or commissions. Next, identify your fixed expenses, including rent, utilities, insurance premiums, and loan payments. Then, determine your variable expenses, like groceries, transportation, entertainment, and discretionary spending.

From here, allocate a portion of your income towards savings and investments to ensure future financial security and to work towards achieving your financial goals. Also consider using budgeting apps or tools to help you track your expenses, monitor your progress, and make adjustments as needed to stay on track with your budget.

4) Commit to Controlling Your Spending

It's easy to get carried away with your newfound financial freedom, which makes it all the more essential to control your spending. After creating a working budget for yourself, take time to understand your spending habits and identify areas where you can cut back. You can also set spending limits for each expense category based on your budget and stick to them rigorously.

Try to avoid impulse purchases and unnecessary expenses by practicing mindful spending habits, such as making a shopping list before going to the grocery store and waiting 24 hours before making a non-essential purchase to curb quick impulses to buy.

5) Build an Emergency Fund

Even if you’ve just recently become employed, it’s a good idea to start building a substantial emergency fund as soon as possible. You never know how soon you’ll need a safety net for unexpected expenses or financial emergencies, such as medical bills or car repairs.

One common recommendation is to aim to save at least three to six months' worth of living expenses in your emergency fund to cover these essential costs and to maintain your financial stability during difficult times. You can start small by setting aside a portion of your income each month and gradually building up your emergency savings over time.

You could also set up a separate savings account specifically for your emergency fund to prevent it from being used for non-essential expenses and to ensure that it's easily accessible when needed.

And just because my friend Trixie Esguerra Bugia is behind this video, I'm going to share it so you can #GetBankedWithMaya! 
 

In the first few months of your entry into the workforce, remember that managing your finances effectively is a skill that takes time and practice to develop. Follow these essential money management tips, and you'll be on the right track toward financial independence and prosperity.

*Photo by Resume Genius on Unsplash


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Saturday, December 16, 2023

Our LEGO haul from Rustan's!

Whether it's summer time or school time, sunny or rainy, day or night, it's always LEGO time for my family! And when it comes to gifts, I can't emphasize enough how amazing LEGOs are to give! Here's my gifting spree to my boys at Rustan's Shangri-la! 


My youngest fell in love with the Super Mario sets. We watched The Super Mario Bros. Movie and it's really fun and entertaining. And I speak from total ignorance of the game. I thought I wouldn't like it because I have no idea what it is. But I loved it. So imagine how much my boys LOVED it! Naturally, when he saw the Luigi LEGO sets, he grabbed them immediately.


Another movie the kids enjoyed this year was Spider-Man: Across the Spider-verse. I'm not a fan (all the flashing lights and the malikot na paikot-ikot gave me vertigo and a headache) but my husband and sons LOVED it. So my eldest just had to have this Miles Morales Spidey.


My middle boy had a harder time choosing what he was going to get. There are SO MANY kinds of LEGOs, you see, not just TV and movie merchandise. Although he did end up getting a Harry Potter Hogwarts set anyway hehe


Here's another movie haha Yep, we just couldn't get enough of our favorite movies in our favorite toy! And our absolute favorite place to shop for LEGO sets is at Rustan's Shangri-la. My husband and kids always head over to the toy section to check out what's new whenever we're at Shang. So while I'm picking out clothes, socks, undies, and shoes for the boys, they're just a few steps away fully immersed in all things LEGO!


I also love how Rustan's has the nicest staff. They're so helpful and great with suggesting sets we might like. But they don't hover. They even obliged us when we asked for a family photo! Moms and dads, buy your LEGOs from Rustan's! Ganda ng stock nila and mababait pa ang mga tao. We've been buying LEGOs from Rustan's Shang for a decade or so!


Anyway! Before I go, here's a little peek at the LEGOs my kids got:


Yeah, I should show more pics but my kids won't let me borrow their sets long enough! So anyway, if you're still looking for gifts to give your sons and daughters, nephews and nieces, grandkids, husbands, brothers, and boyfriends, grab them some LEGOs!


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Monday, October 30, 2023

How to pay off your credit card and other useful tips


It's Halloween but you know what's scarier? My credit card bill. 


I'm about 5 digits in debt. It's actually not that bad but considering my history with credit cards (read: I Was a Credit Card-aholic But My Marriage Saved Me), I have really painstakingly made sure I always paid my bill in full. But I didn't have an income late last year and then this year wasn't good for me, mental health-wise, so I slipped and charged a lot of food orders on my card to buy some happiness. And so here we are - fat and in debt!

Again, it's not that bad, but with all the things I pay for, I still can't pay off the full amount every month. A friend told me to take out a loan with a smaller interest rate because our credit cards here in the Philippines charge an astronomical rate of 3% interest a month. I'm still considering it. 

I found this useful tool online called Calculator.me when I was looking for help on how to manage my credit card bill. And the Credit Card Payment Calculator told me if I'm very, very good and very, very disciplined, I'd be able to pay off my debt in 9 months. 


Nine months. Gosh. That's a long time. Not a whole year thankfully, but still a long time. I need to make more money so I can pay this credit card debt sooner!

To empower me with this daunting task, I asked my dear Loyal Readers for some credit card advice. I've collected them all into a list. Hopefully, if you're in the same boat as I am, you'd find these tips on how to pay off your credit card debt useful, too!

1. Acknowledge Your Debt Situation
Before diving into debt repayment strategies, understand your current financial situation. Whether it's due to unforeseen circumstances or a history of credit card misuse, recognizing your debt is the first step toward financial freedom.

2. Explore Debt Consolidation Options
Consider consolidating your credit card debt with a loan that offers a lower interest rate than your credit cards. This can help reduce your overall interest payments, making it easier to pay off your debt. Like what my friend advised, I should explore options for loans with lower interest rates in the Philippines.

3. Utilize Online Tools
Online tools like Calculator.me can be incredibly helpful. The Credit Card Payment Calculator, for example, can estimate how long it will take to pay off your debt with disciplined payments. Knowing your timeline can be motivating.

4. Set Clear Goals
Establish specific and realistic goals for paying off your credit card debt. Determine how much you can afford to pay each month, and create a timeline for becoming debt-free. Having clear objectives will keep you focused on your financial journey.

5. Cut Down on Credit Cards
Consider reducing the number of credit cards you hold to prevent further accumulation of debt. Having only two credit cards is a manageable approach, ensuring you can handle your expenses without relying on multiple cards.

6. Choose Fee-Free Credit Cards:
Opt for credit cards that don't charge annual fees or waive these fees if you meet certain monthly payment criteria. Saving on annual fees can help you allocate more funds towards debt repayment.

7. Negotiate with Your Bank
If you've been a responsible cardholder, contact your bank to negotiate annual fee waivers or lower interest rates. Banks often reward loyal and responsible customers.

8. Leverage Reward Programs
Use credit cards that offer rewards for your spending. Accumulating rewards can provide some financial relief or extra perks while you work on paying off your debt.

9. Create a Budget
Establish a monthly budget that covers essential expenses such as groceries, utilities, and phone bills. Stick to your budget to ensure you have enough funds for debt repayment.

10. Pay More Than the Minimum
Always pay more than the minimum amount due on your credit card bills. Paying only the minimum prolongs your debt repayment and increases the interest you owe.

11. Opt for Interest-Free Installments
When making significant purchases like appliances, choose installment plans with zero interest. This way, you can spread the cost without incurring additional charges.

12. Prioritize Debt Repayment
If you have multiple credit card debts, prioritize paying off the one with the smallest balance or the highest interest rate. Focus your efforts on one card at a time.

My goal for 2024 is to wipe out my credit card debt. I've stopped using that card and I plan to pay more than the minimum. Hopefully, that would lessen the time Calculator.me estimated it would take for me to be debt-free. Their Family Budget Calculator can also help me with managing my finances, and soon maybe I can start saving again (their Savings Calculator is cool, too).

Wish me luck! 

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Monday, September 04, 2023

7 Essential Financial Skills Every Aspiring Small Business Owner Should Have

Last week, a co-worker asked me what I was doing before I joined the company. I said, "I'm still doing it. For the last 10 years, I worked as a professional blogger, freelance writer, and editor. It's a real BIR-registered business. And she was surprised because apparently, she doesn't know anyone who owns a small business. And it was my turn to be surprised because Filipinos have an entrepreneurial streak, especially when the pandemic hit. Online sellers, freelancers, sari-sari store owners, etc etc. So she asked me how to start a small business and what are good home-based business ideas. Click the links to find out!

My small business is writing! I enjoy being a writer and interviewing celebrities.

Meanwhile, I also think aspiring entrepreneurs in the Philippines are facing a dynamic business environment that demands a solid understanding of financial principles. Don't just start a business without thinking of the financials! To maximize your chance of success in such a competitive environment, soon-to-be business owners like yourself need to develop sound financial skills.

A clear grasp of different financial processes and best practices empowers you to make well-informed investment decisions and confidently negotiate with clients and stakeholders. If you're thinking of starting your own small business or startup, here are seven essential financial skills you should hone to build a strong foundation for your ventures and increase your chances of long-term success and sustainability:

1. Debt Management

Understanding debt management is vital for an aspiring entrepreneur who may need to apply for a business loan to start their venture or support its growth. Developing this skill enables people to assess their borrowing needs, choose suitable financing options, and manage debt responsibly.

In a business context, effective debt management helps entrepreneurs avoid overleveraging, minimize interest expenses, and maintain a healthy credit profile. A startup company, for instance, might be presented with the option to apply for a business loan Philippines banks are making available to their commercial clients.

A startup or small business like yours may find a good fit in the Maya Flexi Loan, a business banking loan that offers low fees and enables entrepreneurs to divide Php 2 million worth of funding into separate loans. Someone with excellent debt management skills will be able to use this flexible financial product to grow their venture and create a repayment plan that aligns with their business's cash flow.

2. Budgeting

Aside from being able to manage business banking loans well, aspiring entrepreneurs should also aim to develop strong budgeting skills. Knowing how to budget your finances and the funds that you’ve received through loans allows you to effectively plan and control your resources.

If you know how to create a well-structured budget as a small business entrepreneur, you can estimate your income and expenses, allocate your resources strategically, and avoid overspending, thus ensuring your business remains financially stable. You’ll also be able to identify cost-cutting opportunities, make informed decisions about investments and marketing campaigns, and set realistic financial goals for your organization.

3. Financial Forecasting

Financial forecasting refers to your ability to predict future revenue and expenses based on historical data and market trends. When you master financial forecasting (a skill I have sadly not mastered, hence here I am, an employee again - sigh!), you can anticipate potential challenges and opportunities and make proactive decisions to stay ahead of competitors.

Business owners who’ve developed the skill of financial forecasting can play a pivotal role in creating strategies, setting achievable targets, and guiding inventory management. It’s possible to build up this skill by analyzing historical sales data, conducting market research, and employing financial modeling and scenario analysis to project different outcomes.

4. Cash Flow Management

Effective cash flow management is essential for the survival and growth of any business. If you master this skill (again, a skill I failed at because of the pandemic), you’ll likely always have cash on hand to cover daily operational expenses, manage debt, and seize growth opportunities.

The skill of effective cash flow management also helps entrepreneurs avoid shortages that may lead to missed payments or disruptions. During periods of positive cash flow, on the other hand, this skill enables businesses to invest in equipment, hire skilled employees, and fund marketing campaigns.

5. Record Keeping

An accurate and organized financial record should serve as a solid foundation for your business decisions. It’s a must, then, for aspiring entrepreneurs like you to make a habit of keeping clear records of all your business transactions, including profits, accounts receivable, and the loans for businesses that the establishment has acquired. Doing so will allow you to get a clear overview of your business's financial health at any time, thus enabling you to assess its performance in the most accurate manner.

Proper record-keeping simplifies financial statement preparation and supports evidence-based decision-making, and it also facilitates smooth audits and financial reviews. Consider learning how to use accounting software to streamline record keeping and ensure that your business always has consistent and accurate records.

It’s also a sound habit to regularly reconcile bank statements, receipts, and invoices. If you aren’t confident about your current abilities, invest in financial training or hire an accountant to ensure that your records are accurate and up-to-date.

6. Pricing Strategy

Pricing strategy refers to the ability to set the right prices for products or services, and it’s also something aspiring entrepreneurs should learn or pick up. Business owners who are able to master this skill can maximize their profitability and maintain their competitiveness. This is because a well-crafted pricing strategy can attract customers, create perceived value, and boost sales.

You’ll be able to determine optimal pricing schemes by understanding production costs, competitor pricing, and customer demand. Boost your capability to optimize pricing, and strike the right balance between profitability and customer satisfaction, by conducting market research, analyzing competitors' pricing strategies, and considering customer feedback.

7. Financial Analysis

Lastly, entrepreneurs should also be able to assess the profitability, liquidity, and overall financial health of their businesses. This skill is called financial analysis, and it allows business owners to gain valuable insights into their venture’s performance.

Financial analysis informs decision-making by helping entrepreneurs identify strengths, weaknesses, and opportunities for improvement. In a business setting, this skill aids in evaluating investment opportunities, measuring financial efficiency, and formulating growth strategies. Go into your new business venture with the desire to improve your financial analysis skills over time.


By developing these skills, entrepreneurs can create strong financial foundations for their businesses, make the most responsive business decisions, and navigate future financial challenges and growth opportunities with confidence. Knowing that continuous learning and applying these financial skills will be instrumental in achieving long-term success and sustainability for your business, aspire to hone these in your journey as an entrepreneur.
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Wednesday, July 12, 2023

Do’s and Don'ts sa iyong unang small business

I'm a sole proprietor of my writing and editing business. I had no idea how to start a small business but thanks to my friends in Taxumo, they helped me. So if you're dreaming, hoping, and wanting to start your own negosyo, research, ask around from entrepreneurial friends, and take the leap! Here's a guest post that I'm sure will be of help!

Let your money grow!

Ikaw ba ay nagpaplano na magbukas ng iyong small business ideas? When it’s your first time starting a business, it is better to start small. Lalo na kung limited lang ang iyong puhunan, magandang panimula ang small business ideas para matuto sa paghandle ng iyong negosyo.

Kung ikaw ay desidido na magbukas ng iyong small business, ito ang mga tips at mga do’s and don’ts when starting your small business!

DO: Research your market

Ang pinaka-mahalagang step when starting your business is to research your market. Mahalagang alamin kung ano ang wants at needs ng iyong mga customer. Ang mga tanong na mahalagang sagutin ay “Sino ang iyong target market?” “Ano ang mga kadalasang needs at wants ng iyong target market?” at “paano mo maaaring punan ang mga pangangailangan na ito?”

This first step is the important part when making the decision on whether to open your business, what services or products to offer, at kung ang iyong posibleng branding.

DON’T: Skip business planning

Never skip business planning! Mula sa market research, ang sunod na step ay to plan your business and have an outline. It is important to specify your goals and vision for your business, para rin iyong malaman ang possible steps and methods kung paano mo aabutin ang iyong mga goals.

DO: Get your business permit

Common misconception sa mga small business owners na hindi na kailangan ng permit para magsimula ng negosyo. Pero alam mo ba na mahalaga itong step para sa iyong negosyo?

Bukod sa makakaiwas ka sa komplikasyon dahil legal ang iyong negosyo, isa rin itong mahalagang factor para mapalago ang iyong negosyo sa future. If you want to expand your business in the future, kailangan mo ang mga permit na ito to get your loans and fundings sorted out.

DON’T: Be shy when promoting your business

One of the traits you should have is confidence and trust in your business. Huwag ka dapat mahiya na ipakilala ang iyong bagong negosyo sa iyong mga kamag anak, kakilala, at mga kaibigan! Sabi nga nila, ang tunay mong mga kaibigan ang siyang susuporta sa iyong business venture.

Mahalaga rin na gamitin mo ang social media to promote your business. Hindi mo agad kailangan gumamit ng paid ads, mahalaga lang ay alam mo ang kiliti ng iyong mga customer.

DO: Keep track of your financials

A small business is still a business. It is important to respect your hard work and your goals by keeping track of your finances. Make sure to take note of what goes in and out of your finances. Dito rin makikita kung tunay na mabenta ang iyong mga produkto, malaki ba ang losses, o kung anong specific products and services ang pinaka gusto ng iyong mga customer.

DON’T: Give up easily on your plans

Owning a business is no walk in the park. May mga panahon na hindi mo mare-reach ang iyong goals, o may challenges na makakasalubong. Pero ang mahalaga ay maniwala ka sa iyong goals at ang iyong pangarap. Do not give up on your small business dreams!

Are you ready to start your small business? Milk tea business man iyan o sari-sari store business, your first negosyo is the start of your big dreams!


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Wednesday, February 22, 2023

Tuition fees are going up. Good luck to our budget!

I went back to the corporate world this year after 10 years as a freelancer/business owner and I got asked a couple of times if I got tired of the hustle culture. Partly yes, but mostly because I have 3 kids to educate and tuition is crazy expensive and needs to be paid quarterly. Unfortunately, when you’re a freelancer, the income is erratic. Sometimes, it pours when it rains. Most of the time, it’s dry season. And that's the real reason I got a regular job with a regular income. It allows me to create a budget for their education. 

I wrote an article for Wyeth ParenTeam, 5 Steps to Save for Your Child's College Tuition. It has an equation there that predicts tuition years and years from now. It’s all estimates but you get a good idea of how much you’re going to suffer and for how long hahahaaa huhuhu.

The equation goes: Current tuition multiplied by 1 plus Interest [P x (1+I)] raised to number of years (N).

In my article, the financial expert I interviewed said, “On your phone, just type 300,000 x 1.10 then press the equal sign 8 times. We have just projected that if tuition fees increase by 10% a year for 8 years, then Php 300,000 today will be around Php 644,000 in 8 years, or around Php 778,000 in 10 years.”

That's where I spent 4.5 years of my life, the College of Arts & Letters

Boy. Almost a million pesos for one year in college. A short-term financial solution is to get a loan. My mother got tuition loans from her job all the time so she could send our eldest brother to school. My and my younger brother’s education was free (thank you, Philippine taxpayers!) while my younger sister’s education wasn’t that expensive either. All our college was subsidized because we went to that state university in Diliman (thank you again, Philippine taxpayers!) so Mama didn’t have to borrow so much anymore.

Some schools accept credit card payments but that’s something I want to stay away from because I was a credit card-aholic (but my marriage saved me). Plus, credit card interest rates are jumping this March! College tuition is just too big an amount to put on a card.

I’m not going to think of college because we already have a college fund for them (that’s another solution: invest in a mutual fund or an insurance policy with regular endowment payouts!). Also, I’m hoping my boys go to my alma mater and be a scholar like me.

So let’s just compute for high school since my kids are 12, 10, and 8. Let’s do my eldest son’s tuition. So his Grade 6 tuition now is Php 150,000. So if tuition increases by 10%, I’ll need to pay Php 165,000 for 7th grade. That means my tuition budget is Php 13,750 a month for a year. Doable!

But then I have 2 more kids. That means Php 495,000 a year. That’s okay. I just need to set aside Php 41,250 every month. Thanks to my new job, this is still doable.

Now my kids go to a school near our place so we don’t spend a lot of money on the school run. Not a lot of time on the road either. It’s a big deal because they used to go to another school just 5 kms away and the school bus service cost me an additional Php 9,000 a month (or Php 90,000 a school year). Plus an hour and 2 hours in traffic, morning and afternoon respectively. Transferring to a nearer school made such a huge difference in time and money saved!

But then here comes the crazy part: We’re thinking of sending our boys to that boys’ school in Katipunan. We have our reasons although they pale after I tell you this: That school is almost 12 kilometers away from our home and difficult to get to because traffic to and fro is hellish. Since my husband also has a full-time job, he won’t be able to do the school run (he can do this now because our current school is very near).

So if the boys go to that boys’ school, we’ll have to get them a bus service. I asked my friend who lives near me how much she pays for her son’s bus service from our city to that school. A whopping Php 10,000 a month! That’s Php 100,000 x 3 = Php 300,000 a year just on the school service!

I don’t think I can afford Php 495,000 tuition + books + uniforms + baon + Php 300,000 bus service, mommies. It's just illogical. 

So we were prepared enough to save for college but I don’t know if we can even get them there because grade school and high school are so damn pricey! 

Lots of thinking to do.

*Photo by Kat Fernandez on Unsplash
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