A Guide to Preparing for the Unpredictable Future No one can ever predict what tomorrow may bring, but preparations would give us that well-needed cushion in order to strengthen us and lessen the impact of any form of incident or emergency that may come our way. 1. First of all, settle all your dues. - May it be a utility bill, a loan, a luxury subscription, a government tax, or even an unpaid debt from years ago, as soon as you have the cash, settle them all, leaving no pending balance behind. The thing about unpaid dues is that, they’ll never go away without any equivalent action from you, and that action only requires you to do one thing – to pay. If you were to leave any debt unsettled and an emergency situation happens, your dues may add up, thus, leaving you with little to no amount of savings. Be wise and settle everything as early as possible. 2. Gather all your paperwork. - We all have our very own personal documents at home. You probably have them neatly stacked within an air-tight suitcase above your cabinet or just below your bed. Nonetheless, they are an immediate requirement for almost any process that may involve the government, ranging from your birth certificate, your tax registrations, and even your diploma. Now, as motherly as it may sound, you need to gather all of these documents (if you haven’t still) and keep them all well-organized within a single suitcase or container. Double check that you’re not missing anything. 3. Get a comprehensive insurance. - Emergencies, calamities, accidents, you name it! People are afraid of these, not only because they cause major harm and destruction towards the welfare of people and their hard-earned properties, but also due to the fact that they cause a huge amount of expense, even after the whole ordeal is done. A flash flood may wash away half of your home, a car accident may break a couple of your bones, and a sudden jolt of lightning may cause a short circuit fire, all of these are occurrences which may cost you a huge amount of money, and you definitely want to avoid paying for everything. Interested? Check out https://cebuanalhuillier.com/preparing-for-the-unknown-a-checklist-of-things-to-settle-for-the-unforeseeable-future/ for more information!

The Strategy of Separating Your Expenses The art of separating your expenses would not only enable you to save, it would also help you prioritize your payments from one another, in the sense that you would be able to hold off one form of expense just so you can pay off the most important bill first. These following tips and examples may be able to help you in budgeting using this method. 1. Be reminded of the due dates. - Bills and subscriptions will always have their own set of due dates. They are, after all, a written form of alarm, which would always remind you of the last day of payments. Obviously, there are consequences when you don’t pay your dues on time. For some, it is a mere penalty, for others, it may be a straight-up discontinuance of service, and you wouldn’t want that to happen. In such cases, be sure to read your bills thoroughly, and be mindful of all your due dates. 2. Sort out your priorities. - Segregating your purchases like groceries, wants, etc. may give you a well-needed time to reflect on the things that really matter, on the things that you’d really need. For example, if you were to analyze your purchases between canned goods and new earphones instead of buying them both and spending all of your budget, you may come to the conclusion that the canned goods are more important than the earphones itself, an item which you may very much still purchase, but only at a later time. Food is more valuable than electronics after all. 3. Time your budget wisely. - People often overlook the fact that time and money goes hand in hand. Both are very crucial resources, and if you were to mishandle any one of them, it may affect the other and leave you with lesser resource than before. This is true, especially with your monthly dues. We all have bills to pay, that’s a fact. We also have a limited time to pay them off before receiving penalties. Now, similar to the very first pointer, timing your payments would not only leave you with a “ready amount” on-hand, it would also allow you to sort through your dues and determine which should be paid first. Do you want to know more? Visit https://cebuanalhuillier.com/compartmentalization-the-art-of-separating-your-expenses/ for more information.

How Do Pawnshops Work? People go to pawnshops for three reasons. First, they need cash in order to secure a swift loan. Second, they must pawn personal possessions such as jewelry, electronics, and other precious objects. Finally, they try to purchase unredeemed objects that are up for sale. If you’ve never been to a pawnshop, don’t be intimidated because they have fantastic bargains. They’re similar to a garage sale and a flea market wrapped into one. There are also three types of people who usually transact at pawnshops, including the following: People who need quick cash and are willing to pawn their precious item as collateral People who are trading their used items People who buy new or used merchandise So, what’s the big thing with pawnshops? The fundamental concept of a pawnshop is to lend money to customers. The procedure is as follows: The act of pawning starts when you bring something you own and give it to the pawnbroker as a collateral for your loan. The pawnbroker lends you money in exchange for the collateral. You get your equity after you have repaid your loan and interest. If you fail to repay the loan, the pawnbroker will hold the collateral. Suppose you’re pawning your recently purchased wedding ring, which the pawnbroker values at P2,000. You will get P2,000 and a pawn ticket in exchange for pawning your wedding ring. The following will be written on the ticket: You pawned something. The amount of money borrowed for the object The sum of money due in 30 days to reclaim the item Your ticket will indicate that you got P2,000 for your wedding ring and that you would pay P2,200. This amount already includes the additional 10% interest on the loaned money. You will then have 30 days to get your ring back. During those 30 days, you can do any of the following: Return to the pawnshop and pay the full price to get your wedding ring back. Pay the recurring fee at the pawnshop to stretch your loan for another 30 days. Do nothing and let the pawnshop keep and sell your ring. That is the fundamental pawnshop transaction. A traditional item pawned at a pawnshop has a high chance of being reclaimed by the individual who pawned it. If it is not reclaimed, the pawnbroker would have to sell the item to recover the loan. In this case, the object must be in good working condition in order to be resold. When compared to a yard sale or a flea market booth, a pawnbroker cannot sell junk. This is done to maintain the pawnshop’s reputable name and company in the community. Read more on https://cebuanalhuillier.com/pawnshop-philippines/.

What is a Pawnshop? A pawnshop is a store or form of business that lends money to consumers who carry valuable items to be pawned. These valuables are referred to as “collateral.” The precious asset will only be returned from the pawnbroker after the loaned money and interest have been repaid. If the borrower fails to repay the pawnbroker’s loan and interest within the agreed-upon time frame, the pawnbroker can now sell the valued object to another buyer to recoup the money they loaned. Pawnshops also provide micro-lending facilities, which are a critical source of credit in many developed countries, especially here in Asia. They further fill the void created by financial systems by offering loans to low-income families and minimum wage earners that might not have been available otherwise. They can also boost credit market competition by offering an alternate source of credit to those who have been denied bank loans. Over time, pawnshops have developed into multi-purpose stores that offer a wide range of goods and services. They have also expanded into unrelated market practices such as money remittance, money changing, bill payment for collection services, e-load, and delivering facilities for the selling of microinsurance goods to households. Learn more about pawnshops on https://cebuanalhuillier.com/pawnshop-philippines/.

Cebuana Lhuillier’s Micro Savings account aims to promote financial inclusion by providing a more accessible savings option for Filipinos. With no initial deposit and no maintaining balance required, this account allows individuals, especially the unbanked, to start saving without financial barriers. Available in over 3,000 branches nationwide, it offers convenient access to basic banking services for everyone, including those in rural areas. The Micro Savings account can also be managed through the eCebuana app, which provides easy online access for monitoring and transactions. Clients can enjoy added security and flexibility, as the account is linked to their 24k card, which can be used for various services such as remittances, bill payments, and more. This service brings a modern and simplified approach to saving, making it ideal for everyday savers. Visit https://cebuanalhuillier.com/micro-saving-choose-cebuana/ for more information!

There is no doubt that saving money is important. The sooner you start to save money, the more you can save. Use these money-saving tips in your day-to-day life. Have a separate account for your savings The very first tip that will enable you to save more money is to have a dedicated account for your savings. If you only have one account for both your expenses and savings, it would be difficult to track your progress. This also promotes a clearer visibility of how close you are to your desired outcome. Automate your savings The easiest and most effective way to save is to do it automatically. Transfer a fixed amount from your paycheck to your other savings account. Follow the golden rule of Income – Savings = Expenses. Another great reason why you need to automate your savings is it prevents you from spending your money elsewhere. Use credit card wisely Credit card debts are common, and this often lead one to not have any savings at all. Make sure that you know how to use your credit card wisely. Here are some dos and don’ts when it comes to credit card usage: - Do remember your credit limit, due date, and statement date at all times. This will help you make planned purchases and avoid delays for making payments. - Do pay off your bills in full to avoid fees. - Don’t go beyond your credit limit. Determine the safe percentage that you are able to pay especially for installment items. Follow the 30-day rule Whenever you feel the urge to splurge yourself, apply the 30-day rule. The 30-day rule states that you write what you want on a paper and keep that list in the next 30 days. If after 30 days you still like to buy the item, the do it. Most will discover that after 30 days they don’t want to buy the item anymore. Mastering the 30-day rule will help you save money and make better shopping decisions. Continue reading in https://cebuanalhuillier.com/15-tips-and-tricks-to-save-money/ for more information!

Saving money is such an integral part of one’s personal finance. It means valuing all your hard-earned money and becoming aware of what your priorities should be. Cebuana Lhuillier’s Micro Savings account is created to provide easier banking access to Filipinos. It is the future of affordable banking made possible by the PJ Lhuillier Group of Companies, also the leading and largest micro-financial services provider specializing in pawning, remittance, microinsurance, and expanding to micro-savings. How Cebuana Lhuillier's Micro Savings Account is Different: > No maintaining balance needed > Gives more flexibility > Easy to open > Minimal fees involved > Compretitive interest rate Continue reading here: https://cebuanalhuillier.com/your-ultimate-guide-to-cebuana-lhuilliers-micro-savings-account/

Money remittance services are often used by Overseas Filipino Workers (OFWs) to send money back home to their loved ones. These funds can then be used for daily expenses, emergency purchases, or quality of life improvements. In developing countries, such as the Philippines, these remittances may serve as a primary source of income. Money Remittance Services at Cebuana Lhuillier > Domestic Remittance Through our domestic remittance services, you can send money to your loved ones, no matter where they are in the Philippines. > International Remittance Our international remittance services are perfect for those who want to send money from abroad. Cebuana Lhuillier is one of the top remittance service providers in the Philippines. This means that we are able to provide you with benefits that you can’t get anywhere else! Read more about Money Remittance here: https://cebuanalhuillier.com/money-remittance-blog/

Sending Money Anytime, Anywhere! Cebuana Lhuillier's doors are always open to help you remit cash anywhere in the country. Here are some things you should know, check our All-In-One guide to sending money to your loved one! Visit our website to learn more! https://cebuanalhuillier.com/money-remittance/

If you're looking to open your first savings account, knowing what to look for can help you maximize benefits and minimize costs. Visit https://cebuanalhuillier.com/micro-savings/ for more information!