How Do Filipinos Spend their 13th Month Pay


Filipinos are all excited every December to receive the 13th -month pay, this is the only time they have extra money to spend either for themselves or for the family. As the company owner, providing this financial benefit to your employees are mandatory.

But, how do Filipinos actually spend their 13th -month pay?

The first in our list would be buying smartphones. Employees at the age of 28 to 35 years old mostly prioritize to buy a new and updated phone during December. This is the only time they can take advantage of this financial benefit, without sacrificing their obligations to pay the bills at home.

Second, in our list, Filipinos tend to use the money to buy gifts for family, friends and special someone. Since their financial status before December arrives does not give them the privilege in shopping gifts early, they will use the 13th – month pay as their budget for buying gifts.

The most common we notice every December, tons of boxes are piled up at the garbage bin.

Filipinos love to purchase expensive appliances for the kitchen, living room or bedroom good for everyone at home

While 52% of Filipinos use the 13thmonth pay to settle their debts. This type of debt is usually off the papers, which means occurring debts from relatives or officemates. Although the 13th month pay is not enough to clear all the debts they have, it will possibly lessen their borrowed money.

Last but definitely, the main reason why Filipinos are waiting for this financial benefit is to have the privilege to travel the places they have never been to. This is the time where a group of friends will roam together, the perfect time for a couple to rekindle their love since all throughout the year are spent working to make ends meet.

3 Smart Reasons To Update Your Information Regularly

As a credit card owner, it’s your responsibility to update your contact information regularly to the bank. For instance, you have a new mobile number, you have relocated, or your email address to the bank’s record is no longer active.

Despite your hectic schedule at work or on your business, here are the smart reasons why you should update your contact information.

1. Receive reminders and advisories
Banks send your SOA or state of account simultaneously on both of your mobile and email, that’s why it’s essential to update your information to them. If you don’t receive the SOA on your phone or email, there would be a tendency that you have to pay the penalty fee since you were not able to settle your payments on time.

2. Keep protected
In 2016, there are almost 15.4 million people who were, unfortunately, become fraud victims. In every website we visit in a day, we place ourselves at risk, especially during online purchases or transactions. When buying online, it does not require us any physical credit card, it only asks for CVV (card verification value) code to push through, and that’s he opportunity of fraudsters to use our credentials.

As the security feature of the bank, they will send you a message alert if there is auspicious act using your credit card. As soon as you get the alert, you can call the bank and demand to freeze your card for a future transaction by the fraudsters.

3. Exclusive promos
Banks usually send exclusive promos for card owners in which other people who do not have the card like yours are hoping for. You can always ignore the promos when you don’t need it, but it’s actually helpful and beneficial if you are in dire need to get exciting discounts when shopping, dining and even when you travel. Updating your contact information is easy, it’s better to be safe than sorry.

Mistakes We Make When We’re Stressed


Bills piling up, the inflation rate continues to rise, salary cannot put enough food on the table are some of the reasons why we just want to quit and give up everything. Life is indeed unpredictable and if we don’t know how to react on it properly, we keep doing things that make our lives harder than it is.

When we are stress, we tend to be little less than logical by making rash decisions. Stress forces us to find cathartic solutions to ease our worries. The next time you feel pressure in life and all the responsibilities you have, pay attention not to commit the following mistakes again.

1. Feeling rich
This is the first thing that pops up to our mind when we feel stress, we use the credit card to buy our favorite coffee, a new set of clothes or even treat our best friend to watch movies, these are the results of cathartic solutions we implemented within ourselves when we are stress.

2. Ignoring our responsibilities
When bills at home are piling up, and we know we need to go for a checkup for our health issues, we feel overwhelmed. As a result, we ignore our responsibilities by practicing manana habit, though it may feel good not doing anything at work for the moment, you will suffer later on completing tasks. One responsibility is paying your loans. You must know that the banks and lenders report your payment behavior to the credit bureau. This can greatly affect your future loan applications since your payments will be reflected in your credit rating.

3. Stress Eating
Women are more likely to do stress eating than men because they prefer to turn to alcohol and smoking. Even if you only have enough money for transportation and lunch meal for the day, you will still insist on buying more foods to cope up with stress by using your credit card.

The credit card can be helpful for everyone but, misused and overusing it when you are stress also does not help to lessen those bills piling up at home.

Signs Indicating It’s Time To Leave Your Office Job


Everyone in the office has its ups and down experiences towards the tasks or to someone they are working with. If you consistently dragging yourself to go to work and finding the motivation to accomplish tasks seems impossible, here are the signs indicating that it’s time to quit your office job.

1. No room for advancements

May it be personal or career advancement and even financial freedom, spending time working for a company that does not provide adequate new learnings, it’s best to leave your office job. No one should be stuck working for a company just to make ends meet. If you are no longer happy, just leave.

2. You keep on justifying your work.

Do you always say these statements whenever your friends ask why you’re still in the wrong company?

  • “The pay is not quite good and even my boss is too demanding but, the benefits are okay.”
  • “I’ve been in the company for five years, I just can’t leave it.”
  • “I already know the workaround, I just can’t see myself moving into a new company and adjusting for another office culture.”

It’s not bad if you are the only one in your college batch mates who do not have the financial freedom and investments. But the mere fact that working in a company for so many years without any savings and investments is the sure sign that the current company is not the best one for you.

3. You rant too much about your job

If the working environment, as well as your colleagues, bring you a negative vibe, there is the tendency that you will become one of them too. Being pessimist leads you to depression
and you are losing the opportunities that can help you improve your financial status. If you happen to experience these signs, it’s time to get out and look for another opportunity. If you insist to stay, there will be a domino effect in your life including emotional and mental stability, financial freedom and most of all you’re blocking career advancements that you deserve.

Why Moms Handle Finances Better than Dads?

According to studies, mothers are better money managers. They manage the family finance well and know how to tighten the purse during critical periods.

Here are top reasons why:

#1 – Women worry about family financials
Whether they are stay-at-home or working moms, married women are more concerned about family finance. They make sure that every dollar is spent wisely. They make a budget and stick to it. Moms look into the future more and encourage husbands to invest for children’s college education fund or retirement plans.

#2 – Women monitor spending
Women especially moms keep track of their monthly expenses. They are aware of due dates of bills, credit card payment schedules, and other payables. They usually keep a written record of their daily or weekly spending and compare month-by-month expenses.

#3 – Women are remarkably organized
Women are more meticulous and detail-oriented compared to men. Most display perfectionist-like characteristics and want everything organized. Attention to details and organization are vital to financial management.

#4 – Women have more self-control
Most women who become moms can control their impulses to spend recklessly. They learn to curb their personal wants and prioritize the needs of the family. Family finance is more important for them.

#5 – Women are less competitive
Once married, women can take their competitive spirit to avoid financial mistakes that will affect the whole family. They become more concerned with the needs instead of “keeping up with the Joneses.” They like to hold on to long-term viable investments instead of buying luxurious things that can put a dent of their savings fund or budget.

#6 – Women are careful investors
They avoid risks that can potentially affect the financial portfolio of the family. Unlike men are aggressive investors, married women slow down and carefully select options that will benefit the family in the future.

#7 – Women seek advice
When it comes to investment-related matters, women listen to professional experts. They believe that financial advisors can help them weigh the best options. They want to be assured of the real value of the investment.

All these traits are essentials to manage family finance. The smarter and wiser the moms are, the better for the whole family.

Land Your First Event Planning Career At This Unexpected Opportunities

Looking for the first project that will usher you into the event planning industry is the hardest part. It is important that you expand your job search from the traditional classified
ads to the places that offer direct opportunities for aspiring event planners like you.

Here are the great places to start with:

Family and Friends Social Events

This is the easiest way to jumpstart your career. Offer your services to relatives and friends who have milestones to celebrate. Advertise your talent and skills through your impeccable
planning and coordinating the event.

Service and Non-Profit Organizations

These organizations have a full calendar of activities. Access the opportunities that they offer and learn hands-on experiences of organizing the myriad of reach out activities they
do the whole year-round.

Convention Centers and Hotels Get a job in the hotel industry.

Learn as much as you can while you are employed. You can
also aim for a higher position by proving yourself as capable, reliable, and skillful staff. Work smart and hone your talents while preparing for your own event planning business
in the near future.

Event Rental and Catering Companies These companies work in tandem with lots of corporations, customers, and venues. They provide essential services and products for any kind of events. Learn and master the essentials of rental services by joining the team.

Corporations

Launch your career by joining the event-planning department of top corporations. This department is responsible to organize various seminars, training, off-site meetings, and
conferences.

Event planning is an exciting career that can be a lucrative business in the future. Practice your craft as soon as you graduate. Get additional training, volunteer your service, create
your own events, and broaden your job search parameters. Do not limit yourself to one niche. Consider related jobs such as office coordinator, project coordinator, or event marketing staff. The more you learn, the easier for you to get your dream job in the
industry.