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Archive for February, 2008
29.02.08

Day 5 of Frugality Week: Pay credit card balance in full

- Frugality Week, credit cards -

credit cards

If credit cards were horses, I would be crucified by animal lovers the way I’ve been repeating again and again that credit card bills should be paid in full every month. Banks don’t like me very much when I say this, and in fact a friend who is also a banker told me (very nicely but with a hint of acid hehe) that she would like to turn over my account on a silver platter to a competing bank.

Don’t get me wrong. I love my credit cards. I get free tickets to Butuan and Boracay every other year. I get cash rebates too. I manage my cash flows more easily and I don’t rush to payment centers anymore when Meralco says it’s time to pay up. If I could pay parking fees at the mall with my credit card, I would. But as much as I love those shiny plastic things, I hate paying interest more.

Think of this, if you have a P30,000 balance in your credit card and this has been going on for a year, you could have saved at least P12,600 just by paying interest the balance in full. And just to keep it simple, that computation is on straight interest, not even compounded interest. Imagine how many pairs of shoes you can buy with that! (Greedy laughter)

29.02.08

Scam Alert: Dugo dugo gang

- scams -

28.02.08

Day 4 of Frugality Week: Recycle

- Frugality Week -

28.02.08

GUEST POST: Financial Planning FAQ

- Financial Planning, Guest Posts, Investing, Pre-Need, Saving money, banking, stock market -

27.02.08

Day 3 of Frugality Week: Get an HMO

- Frugality Week, family finance, insurance -

27.02.08

The secret of all investment secrets…

- Investing -

26.02.08

Day 2 of Frugality Week: Fix broken stuff

- Frugality Week, family finance -

26.02.08

9 weeks: the average Filipino’s rainy-day fund

- Financial Planning, Saving money, emergency planning, family finance -

25.02.08

Frugality Week on MoneySmarts: Manage your subscriptions

- Frugality Week, spending habits -

21.02.08

The need for financial literacy

- Financial Planning, Investing -

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