Making a New Year's resolution to improve your financial status is a good thing (regardless of when you begin) but its much better to start at the beginning of the year.
1. Spend less than you earn
No matter how much or how little you're paid, you'll never get ahead if you spend more than you earn.
2. Stick to your budget
Set spending and saving goal to know where your money will go.
3. Pay off your debt
Credit card (or any form of debt) is easy to use but hard to pay. Interest can eat you. It better to use cash.
4. Have a savings plan
Set aside a portion of your income (at least 5% to 10%). Pay your self first. First! not the left overs.
5. Invest
Put your some money to investment. You can buy real estate property like Holy Gardens memorial plots - the only bankable memorial lot in the Philippines.
6. Update your will
If you have dependents, no matter how little or how much you own, you need a will. For an easy reference and convenience, you can ask a copy of Estate Planning at Holy Gardens Memorial Park office (San Fernando City, La Union; San Carlos City, Pangasinan; Barandal, Calamba City, Laguna; Calapan City, Oriental Mindoro; Oton, Iloilo)
No comments:
Post a Comment