Monday, February 24, 2020

5 Ways You Can Handle Money Better This Year

We all need a certain level of inspiration to craft up new rules for our finances, but their success boils down to our effort and dedication. Having trouble making your resolutions work for you? Read on below for your new money commandments and how to finally stick to them this 2020.

1. Be realistic.  
Targeting to pay off all your debts is good and all, but you need to be realistic to make it successful. When assessing the amount that you want to pay off for the year, make sure that you leave enough budget to support your regular lifestyle. You have a higher chance of making financial mistakes like overspending if you limit yourself too much, so try to find the perfect middle between achieving your financial goals and supporting your needs.

2. Have a purpose.
Wanting to start or grow your savings 'just because' is good, but you can feel more inspired if you connect it to an actual purpose. Do you want to travel to your dream destination? Buy your very first property? Get a life insurance? Having an end goal in mind will give you a clearer vision (and better motivation!) when trying to achieve your goals.

3. Keep your money in separate accounts.
Having multiple accounts can be difficult to handle, but it can also be helpful if you want to make it easier to manage your finances. Have a separate account for your savings where you can automatically move or deposit your money—and forget about it. If you want to have a clearer view of your finances, you can even create a separate account for the different things you’re trying to save for (property, travel, etc.). Want to be extra sure that you don’t easily spend your savings? You can opt for a checkbook or even simply leave your ATM card at home so you won’t get easily seduced to withdraw your funds.

4. Have a splurge budget.
This sounds counter-intuitive, but it’s actually helpful in the long run. Limiting your spending too much can backfire and make you more prone to sudden overspending so make sure to give yourself room to breathe and enjoy. The secret is to set the right amount that you can actually spend on recreation. To do this, take out the cost you need to cover your basic expenses and the amount you want to save. You can use what’s left on yourself.

5. Be smart in managing your cash flow.
Sometimes, emergency situations will require you to touch your savings. Did an important household appliance breakdown? Do you suddenly need to shell out a big amount for something? In cases like this, what you can do is to consider other options that can help you afford things without draining your savings. Cash loans and installment plans are a good option for this because you can pay the cost gradually. Reputable providers like Home Credit—which now offers other financial products like cash loans and credit cards on top of their in-store product installment plans—is a prime example of an option you can consider. It’s so easy to apply for their products, too! You just need to provide two (2) valid IDs and even apply to their partner stores or online. Processing of your applications won’t even take long—you just need less than a minute to know your results. So the next time you find yourself in need of some financial help for something important, consider to do it the easy way and #iHomeCreditMoNa!

For more information on their products, you can visit their website or reach out to them via Facebook.

Want a more convenient way to access Home Credit’s offers? Just Tap the App! Download their MyHomeCredit App in Google PlayStore, and get access to their products and offers wherever you
are, whenever you want.

Starting your resolutions is one thing, but actually making them successful is a different story. Follow the tips above if you’re set on starting a better financial journey this new decade.

//photo from The Filipino Times//


  1. I have been fond of sports for a long time and especially love football. Even as a child, I often watched sports channels, which showed all kinds of matches and competitions. I am still doing this and am wondering if I can benefit from it.

  2. Hello. Excellent information. I also agree that esports is the only sport in the world that brings young people together. I love to bet on esports and for this I use a good bookmaker Tell me, do you bet on sports? I'm on DOTA 2 and CS:GO What kind of sport do you prefer to bet on? What was your biggest win?

  3. In the wake of the universal and comprehensive hype, I also decided to try my hand at cryptocurrency trading. I bought a crypto bot and set it up for myself, well, my friend the programmer helped me with the setup, to be honest. Yes, it works stably and without failures, but you know that without a sufficiently large investment of money, you will never get a really good profit. As in any trade, everything here depends on capital.

  4. It seems to me that the economy is now in decline and no strategies will protect your assets if you try to follow some advice from the past.

  5. Handling money better is a commendable goal. For those seeking valuable insights, this site can be a helpful resource. Managing money efficiently involves understanding various financial avenues, including platforms that offer interest on crypto assets. Exploring such platforms can contribute to a well-rounded financial strategy, aligning with the aim to enhance money management practices this year.

  6. There are many ways to invest in the cryptocurrency world, and quite a few ways of earning money with crypto coins. The most popular way is obviously trading. But there also exist crowdsales, which do not require any funding. Just like the Icy (ICY) ICO we covered yesterday. We will be talking about this particular coin today and if it's a good opportunity for investing or not.

  7. Buying cryptocurrency is really easy to do. Actually, there are a lot of various ways to invest your funds and is a special platform, where you can without any problems to invest your funds. I find this opportunity really useful.