Insurance

My wife and I finally decided on a good life insurance policy for me. Its called I-insure 65. It’s cheap and at the same time provides enough coverage as advised by most finance books.

We have also been regularly doing mutual funds investments instead of wasting our extra money. It’s too bad that we are only able to do these things now, but I believe that God’s timing is always perfect, so we should do the best that we can do with what we currently know. We are looking for other methods of better managing our finances and hopefully make our extra money work for us better.

From Play Money to Real Finances

Before we used to play with Kuya Z’s play money and challenge coins. But now that he is getting older we are beginning to teach him about finances.

Kuya Z has been saving his real money in a piggy bank (literally – it’s a blue pig plastic coin bank). We have been teaching him the value of saving money and spending his money wisely. If you would ask him where he will spend his savings, he would answer that he will not be buying anything, instead he will save it until he grows up and use it for a very important thing. We are not sure what he wants to buy and I think even Kuya Z is not sure, but he does know that if he just spend his money on snacks or toys, he will lose them.

When he gets older, hopefully he will get wiser and will learn how to increase his finances and how to give back to God.

Reluctance

I’ve always envied people leaving our workplace and enjoying new opportunities and new work places, but now that it is almost my time to do so – it doesn’t seem as easy and enjoyable. I guess I became so attached to my team, this simple way of life and to this regular comfortable rhythm. I am still a bit worried, weighing in opportunity versus security of tenure. But through God’s grace and guidance – I have made a decision to just cast all my cares upon Him, and follow through with the plan that we have been praying for – and that is to use my musical skills and work closer to my family. Now we are looking forward to this new phase and new challenge.

Considering Insurance?

Recently, we have been considering the various insurance terms that are being offered to us. Friends have been approaching us and we know that we can only ignore them so much. We are still at a point where we are studying and understanding how insurance policies work. We want to know: what is term life insurance? Or what about educational plans? There are so many things to consider and we are taking our time because we don’t want to invest in something that does not fit our family economics. Hope we find one that works!

When You Run Short of Cash

A couple of days ago we almost ran short of cash. When you have a family with two kids it seems like money runs out so easily. They said having kids is expensive. From our experience it is like you have a piggy bank with a big hole. One minute you think you are able to finally save some money for emergencies but the next minute it’s all gone.

A quick payday loan can solve your cash problems temporarily. This type of loan is also called same day payday loan because you can get the money you need on the same day.

We have not tried this because thank God money comes just in the nick of time. We admit we may have splurged too much on a few things here and there that is why we have gone over our budget. Add that to the fact that we just paid our son’s full school tuition which took a large chunk of our budget. Now that huge expense is out of the way and we can sigh with relief. My wife and I had decided to refrain from buying expensive things for the remainder of the year so we can finally save.

But if we will need the money sometime in the future the next thing we might look for are online payday loans.

Tips in Choosing the Right Forex Broker

Despite the volatile economic climate these days, more and more people are going into forex trading in the hopes of garnering hefty profits from these transactions as well as from their investments in the foreign exchange market.

Looking for Other Investment Options

I’m really frustrated with the weakening of the dollar.  This is the main currency for my salary.  It started great in the beginning of the year but now, as we reach the end of the year the value keeps on going down.  They say it’s because of the current currency war that China has started.  I really can’t understand most of the issue but what I know is I am really affected.

Because of this, I am looking for other investment options. I heard investing in precious metals such as gold coins and silver coins is a good option. These precious metals have been rising in value over the years. If I invest my hard earned money on these I will have more chance of beating inflation.

Buy Gold as an Investment

I’ve read in the Wall Street Journal that buying gold is a good investment. It’s no wonder because the price of gold has been steadily increasing over the years. It’s not only gold that’s being bought by people, it’s the same with other precious metals like silver. I would personally want to buy gold as an investment. From what I heard buying gold is already easy to do online. Like any other item, you can purchase gold or silver online but since these are precious commodities, you can have it arranged for it to be deposited in a bank of your choice for safekeeping.