JulieLabitag.com » Money Matters

Why do I use credit card?

Julie Labitag — Sun, 14 Aug 2011 14:56:49 +0000

According to a research, a person who buys using credit card spends 4x than a person who buys using cash. I think this is true most of the time because credit card can be swiped anytime. Sometimes, impulse buying can occur and one ends up buying what is not needed, then one ends up spending too much. My advice for credit card holders is be wise in using your card. Make sure that you pay your bills on time so that you don’t end up paying the large amount of penalty fee and interest to the bank.

I have four credit cards and I make sure I use them wisely. I pay my bills on time so I don’t have to worry about paying extra bucks to the bank. Why I use credit card? There are advantages that I get from it. For example, when I had my very first credit card from Banco de Oro, I got Php300 as a welcome gift. For my second card from PSBank, I was able to earn points and got a gift certificate worth Php500 from Adidas. I got an oven toaster from Metrobank credit card from the points I earned and got other freebies whenever there are promotions such as free cakes from Red Ribbon, meal from fastfood chains, etc. For my Citibank card, I received a wellness package at Nurture Spa in Tagaytay worth about Php6000, 1% rebates from Mercury drug purchases and other perks. The latest card that I got is an RCBC card, and I received free meal from Yoshinoya for using my card.

Using a credit card is not bad if you are a prompt payer and knows how to use it properly. Also, let me tell you that I don’t pay for the card’s annual fee. How do I do this? I always request for a reversal whenever I see unnecessary charges on my bill. I have been using credit card for more than 5 years now and I have never paid for an annual fee.

Universal Life Insurance

Julie Labitag — Fri, 29 Jul 2011 00:36:41 +0000

Universal Life Insurance is a type of permanent life insurance, which is characterized by its flexibility, affordability and transparency. This gives the policy owner full control of the money that he/she is putting in the policy as it’s based on the real value of the money being invested with earnings (interest). One of the great features of universal insurance is that the policy holder can cash the policy and get the cash value of his/her money. Unlike, any other insurance policies this does not bind you within a certain period to pay the premium and wait for a certain period before you get the value of the insurance.

ClearXchange – the newest way to transfer cash

Julie Labitag — Wed, 25 May 2011 20:52:37 +0000

Three of the biggest banks in the US namely Wells Fargo, Bank of America and JP Morgan Chase have a launched a program called clearXchange, which will compete with paypal in transfering money electronically. This technology will allow the bank customers to transfer mney to another person’s account using email address or phone number only. NO need for a routing number and account number to transfer cash. How convenient! Maybe the question would be, how safe would it be?

Car insurance

Julie Labitag — Tue, 18 Jan 2011 20:33:37 +0000

Car insurance is a must when you are buying a car. Why? For your protection, of course! I believe getting a car insurance is not an added expense but an investment. Car insurance would protect you from car theft, and your things being stolen inside your car, such as laptops, gadgets and the likes. Getting a car insurance is not cheap, however, when you keep looking and inquiring from all available insurance companies, I believe there could be some cheap car insurance available which can give you the best protection. I learned that there are insurance companies which offer cheap car insurance to indivudual over fifty years old. There are so many ways to get car insurance quotes so that you can compare and get the best deal. You can search online, on yellow pages or from radio and TV advertisement, or a referral might be a good source too.

Insurance

Julie Labitag — Tue, 05 Oct 2010 18:48:24 +0000

There are events in life that is always expected to happen – death, tax, and change. For these expected events, we don’t have choice but to plan and be prepared for it. Preparation is the key not to be caught unawares-taking charge of your future proactively is helpful. Building financial stability is one of it, investing in insurance will be a smart move. But make sure when you invest, invest wisely. You can get online quotation from http://www.wholesaleinsurance.net.

How to protect your laptop

Julie Labitag — Fri, 23 Jul 2010 18:06:24 +0000

Laptop is one of the most important gadgets that one can have because all the important files can be stored there, not to mention that it’s quite expensive. Files that may make or break your business, studies, career, etc. Files that may bring back the memories; files that may give you hope and bring you back to life. Any possible files that can be stored in your laptop may be lost due to technical error, curroption of files, or worse due to burglary. Therefore, is always important that you protect yourself, your love ones, and your belongings. One of the ways to protect your laptop is by taking care of it very well and getting laptop insurance to protect it from loss or damage.

B.E.S.T. Workshop

Julie Labitag — Sun, 30 May 2010 23:57:43 +0000

I had a chance to attend a 2-day business workshop about entrepreneurship organized by BIZWIZ, thanks to my friend, Jane Pipit who gave her slot to me.

It’s a unique experience about learning how to be an entrepreneur, and getting to know people and earning new friends are a bonus to the workshop. This one is a very innovative approach to teach participants without giving lot of lectures yet learning has been achieved. It’s enjoyable and a participant will never be bored. One word that I learned yesterday in the workshop is COOPETITION which is a combination on words cooperation and competition, wherein everybody wins, no one losses.

Here are some of the things that I learned from the workshop. What entrepreneurship is about. In nutshell, an ENTREPRENEUR is a person who cares, confident, and is not afraid to commit failure. FAILURE is one of his greatest teachers. He is also a person who is skilled in creating things and can make something out of nothing – he thinks and act upon his/ideas. He is dependable and can deliver his commitment both in quality and in time. An entrepreneur is determined to succeed.

From phillips

From may 29-30 activities

Are you shopaholic?

Julie Labitag — Thu, 20 May 2010 01:32:28 +0000

I love the book and movie of “Confessions of a Shopaholic” It’s a nice movie for women whose hobby is shopping and swiping and at the end of the month when the bill arrives, they go on hiding (what a rhyme!)…

Having a credit card is very tempting because whenever there is a good item for sale and you’re an impulsive buyer you won’t think twice anymore because the card is available. Based on a study, credit card holder could spend up to four times (4x) compared to those who don’t have it. To those who can’t curb their desire to use credit card, pre paid credit cards would be best for them to limit spending.

If you are planning to get a credit card, make sure that you can discipline yourself in terms of shopping otherwise, you’ll end end paying not just for the items that you bought, but, for the interest, finance charge and penalty charge as well if you don’t pay your bill on time. Think twice before you swipe.

Coins

Julie Labitag — Sun, 25 Apr 2010 09:16:00 +0000

Whenever I have new 5 and 10-peso coin I make it a point to save them. I wonder what if those coins that I saved are gold coins? Then, maybe I’m rich by now. Although they look as if there is gold component especially when new and still shining. I realized that saving coins is worthwhile because there are times when I don’t have loose change, I can just easily get some from my box where I usually keep the coins. It’s nice to save coins, much nicer if they were gold coins

Is your car insured?

Julie Labitag — Wed, 14 Apr 2010 19:31:53 +0000

Let me change the adage that says “Better to be late than sorry”, to “better to be insured that sorry” if the subject of the topic is your car or other important properties. Regarding the car insurance, I believe it’s mandatory to have car or automobile vehicle so that whatever happens to the car, except natural cause of course, can be shouldered by the insurance company. You might never know when accidents on the road might happen, although you may be very careful but how about the other people that you encounter on the road? We will never know. To find out how you can have your car insured, you can find a list of car insurance companies from the internet and find out which company could give you the best protection that you need.