Money Tree Saver: Stephanie So
Learn the Secret of Extreme Savers, and note what you can reapply in your life!
Avoid Debt: Use cash as much as possible. Try not to keep charging every purchase on your credit card; and don’t get sucked into promos that allow you to pay in installments; before you know it you’d have bought multiple items and your income would be tied up for months!
Delay Gratification: Ask yourself the following questions: do I really need this? Does it fit into my current budget? Can I get this somewhere else for half the price?
Cut Down on Everyday Expenses: Do you really need to buy that Grande Latte from Starbucks? Or eat out in fancy restaurants every week? Take a day or a few days to see how your daily spending goes and find ways to cut back (homebrewed coffee versus Starbucks coffee, home packed meal versus restaurants, etc)
Source
Monday, August 2, 2010
Thursday, July 22, 2010
Chinabank
I would like to share with you some good news. Chinabank has been my bank for 5 years or so and eversince I work at McKinley Hill banking transaction became so hard that I had to wait for my day off just to go to the bank. Just this morning I came upon their website and gladly stumbled upon an article saying they are opening at McKinley Hill. My prayers are heard, thank you Lord. So, read on.
ChinaBank Savings to open branches in San Fernando and McKinley Hill
From Chinabank's website.
July 22, 2010.
China Bank subsidiary, ChinaBank Savings, is opening two new branches – San Fernando and McKinley Hill – on July 23 and July 26, respectively. These branches bring the savings bank’s branch network to eleven, including its main branch in Ayala Avenue, Makati City, double its network size last year.
San Fernando Branch, China Bank Savings’ second provincial branch, is located at KHY Trading Building, San Fernando-Gapan Road, San Fernando City, Pampanga. On the other hand, McKinley Hill Branch is located at Unit B Commerce & Industry Plaza, McKinley Towncenter, Fort Bonifacio.
ChinaBank Savings’ plan is to open 10 branches in 2010. Three branches were already opened in June, Marikina and Pateros branches, and in the first week of July, Las Piñas Branch. With the opening of San Fernando and McKinley Hill branches on the last week of July, half of the planned 10 branches are already operational. The target is to open the remaining five before the end of the year. ChinaBank Savings is looking at expanding in the provinces – Dagupan, Lipa, Davao, Cagayan De Oro, and Bacolod.
ChinaBank Savings began operations in September 2008. With a mission to make banking easy for customers, it offers superior deposit and loan products and know-you-by-name service that create trust and build loyalty. As expansion continues, the savings bank is expecting to see an influx of new customers, increase in consumer loans and a steady growth in banking assets in the coming years.
ChinaBank Savings’ branches are open Mondays thru Fridays, from 9:00 am to 4:00 pm. and are equipped with modern equipment and furniture, an ATM, and has ample parking space for the convenience of customers.
Sunday, July 18, 2010
FAQ
Suddenly..there are rules. But of course, so everyone will be merry and gay :) Here are some of the questions you might be asking when you want to advertise here.
Q. Is this for free?
A. Absolutely.
Q. If I am not a Filipino can I still join?
A. Of course. But you'll probably see more Filipino bloggers here.
Q. What do I need to do to join and have my site linked from this blog?
A. 1. Leave a comment from any of the entries saying you want to be part of this community
2. or email pinoybizblogger (at) gmail.com with your blogsite, online store URL and your email address, we promise not to flood your inbox.
Q. If I want to advertise my online shop what will I do?
A. It's really simple, LET THE WORLD KNOW THAT WE EXIST!
Q. And how do I do that? (referring to the question above)
A. 1. Like us in facebook [look for Pinoy Business Blogger]
2. Since we are all bloggers (I assume) you have to write an article about us with the following links: FACEBOOK page, our FAQs and our home page. The article should contain a minimum of 100 words and must not be deleted from your archive. Send the link via email to pinoybizblogger (at) gmail.com.
3. follow us via Google Friend Connect.
4. When #s 1 to 3 are completed write a 500-word (max) article about your store including your company/site/store profile (whatever you wanna call it), the stuff you sell, the URL (blog and e-store) and of course the name of your store then send it via email. You can include pictures too.
Sounds a lot? Hmmm, I guess so..but remember your site will be featured here for free and that's all we're asking in return.
Q. So what if I'm not a blogger but I want my site to be featured here?
A. I haven't thought of a better approach to that honestly. But let's see, i'll figure something soon.
If you have any other questions that I fail to mention, leave a message in the comment box or send us an email to pinoybizblogger@gmail.com
Q. Is this for free?
A. Absolutely.
Q. If I am not a Filipino can I still join?
A. Of course. But you'll probably see more Filipino bloggers here.
Q. What do I need to do to join and have my site linked from this blog?
A. 1. Leave a comment from any of the entries saying you want to be part of this community
2. or email pinoybizblogger (at) gmail.com with your blogsite, online store URL and your email address, we promise not to flood your inbox.
Q. If I want to advertise my online shop what will I do?
A. It's really simple, LET THE WORLD KNOW THAT WE EXIST!
Q. And how do I do that? (referring to the question above)
A. 1. Like us in facebook [look for Pinoy Business Blogger]
2. Since we are all bloggers (I assume) you have to write an article about us with the following links: FACEBOOK page, our FAQs and our home page. The article should contain a minimum of 100 words and must not be deleted from your archive. Send the link via email to pinoybizblogger (at) gmail.com.
3. follow us via Google Friend Connect.
4. When #s 1 to 3 are completed write a 500-word (max) article about your store including your company/site/store profile (whatever you wanna call it), the stuff you sell, the URL (blog and e-store) and of course the name of your store then send it via email. You can include pictures too.
Sounds a lot? Hmmm, I guess so..but remember your site will be featured here for free and that's all we're asking in return.
Q. So what if I'm not a blogger but I want my site to be featured here?
A. I haven't thought of a better approach to that honestly. But let's see, i'll figure something soon.
If you have any other questions that I fail to mention, leave a message in the comment box or send us an email to pinoybizblogger@gmail.com
10 ways to organize your business finances
By Michael G. Peterson
Whether you are a new entrepreneur or a more experienced business owner, taking control of your finances can feel like a part-time job. Some simple tips can help you streamline your time, organize your finances and reduce the stress of managing 
money matter.
money matter.1. Keep your bills in one place.
When the mail comes, make sure it goes in one place. Misplaced bills can be the cause of unwated late fees and can damage your credit rating. Whether it's a drawer, a box, or a file, be consistent. Size is also important. If you get a lot of mail, use an area that won't get filled up too quickly.
When the mail comes, make sure it goes in one place. Misplaced bills can be the cause of unwated late fees and can damage your credit rating. Whether it's a drawer, a box, or a file, be consistent. Size is also important. If you get a lot of mail, use an area that won't get filled up too quickly.
2. Pay your bills on schedule
Bill paying can be simplified if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late. If you're paying bills are you receive them, chances are you're spending too much time in front of the checkbook. Although bills may state "payable upon receipt" there's always a grace period. Call the creditor to find out when they need to receive payment before the bill is considered late.
Bill paying can be simplified if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late. If you're paying bills are you receive them, chances are you're spending too much time in front of the checkbook. Although bills may state "payable upon receipt" there's always a grace period. Call the creditor to find out when they need to receive payment before the bill is considered late.
3. Read your credit card statements
Most people take advantage of low interest credit card offers, but never read their statements when paying the bill. Credit cards are notorious for using low interest rate as bait for new customers then switching to higher rates after a few months. Make a habit of looking at your statement carefully to see what interest rate you are paying each month and if any transaction fees have been applied. If the rate increases or a transaction fee appears on your statement, a simple call to the credit card company can oftentimes be beneficial in resolving the matter. If not, try to switch your money to a more favorable rate.
Most people take advantage of low interest credit card offers, but never read their statements when paying the bill. Credit cards are notorious for using low interest rate as bait for new customers then switching to higher rates after a few months. Make a habit of looking at your statement carefully to see what interest rate you are paying each month and if any transaction fees have been applied. If the rate increases or a transaction fee appears on your statement, a simple call to the credit card company can oftentimes be beneficial in resolving the matter. If not, try to switch your money to a more favorable rate.
4. Take advantage of automatic payments
Most banks offer a way to automatically deduct money from your account to pay creditors. In addition, the creditors usually offer a lower interest rate when you sign up for this payment option because they get their money faster and on-time. Consider it as one fewer check to write, envelop to lick and stamp to buy. Just make sure you record the deduction when the automatic payment is scheduled or you run the risk of bouncing other checks.
5. Computerize your checkbook
Using a software program is a handy way to organize your finances. Whether it's Quicken. Microsoft Money or another package, these easy-to-use programs make bill paying and bank reconcilliation a cinch. Computer checks can be ordered almost anywhere to fit right into most printers. Once the checks are printed, all the information is automatically recorded in your electronic checkbook. Futhermore, many banks have direct downloads into these sotware packages so when money is deposited or withdrawn, the transaction is entered immediately onto your computer. And when it comes time to do taxes, it couldn't be easier.
6. Get overdraft protection
Most banks have a service where, if you run the risk of bouncing a check, the money will come from another source. For a nominal fee, the bank will link your checking account to either a savings, money market, or credit card so the embarrassment of bouncing a check will be avoided. Call or visit your bank to learn about this convenient feature.
7. Cancel unused accounts
Whether it's a credit card or bank account, write a letter requesting that the account is formally closed. Not only will this improve your credit score, it is a usefull way to avoid money from being scattered all over the place. Don't let department stores and credit card companies lure you into opening new accounts by offering favorable interest rates and purchase discounts. It's easy for credit to get out of hand by taking advantage of every credit offer that comes your way.
8. Consolidate your accounts
If you have several credit card accounts with outstanding balances, try to consolidate them into one. Be careful and check the balance transfer interest rates one-time fee. Also, make a list of all your open Money markets, Savings, CDs IRAs, Mutual Funds, and other accounts to see if any consolidated can be done. Keeping your money in fewer places eliminates all of the guesswork involved and reduces error.
9. Establish automatic savings 
Create a link from your checking account into a savings account that will not be touched. This can usually be done through the banks and automatic amounts will be transferred over each month. Most people will not put money into a savings account on a regular basis. They may wait until a large tax refund arrives or some other event to actually deposit money into savings, retirement or other accounts. If you establish an automatic savings deposit every month, your accounts will begin accumulating money faster than you think.
10. Clean up your files
Make sure your paid bills are organized in a filing cabinet. Keep individual files for paid bills. Go though your files at the end of each year and throw out bills and receipts no longer needed for auditing purposes. Contact local IRS office to see how long records need to be kept of audits. Usually federal tax return audits can be done three years back but cancelled checks may need to be kept for seven years. Consult the internet for auditing and record-keeping procedures for your state or region. LINK
Make sure your paid bills are organized in a filing cabinet. Keep individual files for paid bills. Go though your files at the end of each year and throw out bills and receipts no longer needed for auditing purposes. Contact local IRS office to see how long records need to be kept of audits. Usually federal tax return audits can be done three years back but cancelled checks may need to be kept for seven years. Consult the internet for auditing and record-keeping procedures for your state or region. LINK
About the author: Michael G. Petersson is the Vice President of the American Credit Foundation,an IRS 501 (c)(3) non-profit consumer credit counseling organization that has assisted thousands of individuals and families with their financial situations through seminars, education, counseling services, and, debt management plans. For more informatio, and free consumer resources visit Debt Guru
Disclaimer: This article is copied from pages 36 and 38 of Philippines Graphic Magazine June 21, 2010 edition. I do not own this piece. If you come across bad links or mispelled words that's because I typed it manually. But in any case I hope this helps.
Welcome
Are you a blogger with an online business? Do you blog for business? Or are you planning start an online business soon (or maybe not too soon)? We'll be lurking around the blogosphere searching for bloggers with online business. This will be our avenue for free positive reviews, news from other business and business opportunities here in the Philippines and abroad. This aims to get a connection with other Filipino bloggers all over the world and have a ready market for our online business. The site is a work in progress, if you want to be added here please let me know and do not forget to leave a message and follow me via google friend connect. I will soon introduce new members, post blogs about them and maybe..just maybe get global market for your products, not a bad way to get your an international audience, right? I hope to see us grow..LET'S BEGIN!!
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