Say Goodbye to Debt
By: EDILYN M. PARUGRUG
Mobile Teacher III, ALS
Is your Expenses greater than Your Income?
Is your income not enough to cover all your expenses? Are you thinking on how to have a part-time job? Are you buying some cookies, perfumes, jewelries, RTW clothes and selling them at the office? Preparing to hold a garage sale? Looking for government benefits that you qualify for? Are you tired of thinking lots of ways to earn extra money?
If your income is not enough to cover all your everyday expenditure, you are doing something to increase income or you either cut your expenses to increase your earnings. You'll find that it's typically easier to cut expenses than to increase income. You don't need to make drastic changes, but you must make some effective cuts that will allow you to pay your bills and save more for rainy days.
First, you must save for the bills you have to pay (mortgage, utilities, loan payments, credit card) and money for necessities (food, clothing, insurance). You can now focus on non-essentials - areas where you can afford to cut back
Citybank-Philippines* shares simple ways to cut expenses.
1. Each month, try to reduce your usual spending category by 5 to 10%. Refrain from being impulsive buyer.
2. Always track your spending and income to make sure you don't get into debt again. Do not spend more money than you make. Debt was made possible by spending money you don't have or money you are yet to earn.
3. Try to increase your income. Can you improve your salary? Is a second job possible? Can you sell something you no longer need?
4. Pay bills on time to avoid late fees.
5. Pay more than the minimum on your credit cards or loans.
6. Stop creating more debt. Don’t use debt to pay off debt.
7. Read your bank statement regularly. Remind yourself you need to save for your future.
8. Build an emergency fund of at least three months' living expenses.
9. Follow a monthly budget. Keep your spending within your monthly income.
10. Shop around for the best product with low rates. You should use cash to make everyday purchases.
11. Reward yourself. Working your way out of debt is a long, hard task. It's also a big accomplishment. Find inexpensive ways to celebrate your progress.
Over spending and getting out of debt is not easy. It takes a lot of time and willpower to do so. Most people need a year or two to escape from it. Better involve your family in all plans. But you can do it if you are really determined. Remember, the discipline and techniques you learn by solving your problems will benefit you for the rest of your life. The more you know about spending your money, the better equipped you'll be to secure a healthy financial future.
As saying goes “Getting out of debt feels good, but staying out feels even better.”
*For more details, log on to www.usecreditwisely.citybank.com.ph.
Is your income not enough to cover all your expenses? Are you thinking on how to have a part-time job? Are you buying some cookies, perfumes, jewelries, RTW clothes and selling them at the office? Preparing to hold a garage sale? Looking for government benefits that you qualify for? Are you tired of thinking lots of ways to earn extra money?
If your income is not enough to cover all your everyday expenditure, you are doing something to increase income or you either cut your expenses to increase your earnings. You'll find that it's typically easier to cut expenses than to increase income. You don't need to make drastic changes, but you must make some effective cuts that will allow you to pay your bills and save more for rainy days.
First, you must save for the bills you have to pay (mortgage, utilities, loan payments, credit card) and money for necessities (food, clothing, insurance). You can now focus on non-essentials - areas where you can afford to cut back
Citybank-Philippines* shares simple ways to cut expenses.
- If you visit restaurants and order takeout often, consider bringing lunch from home and saving restaurants for special occasions.
- You can even reduce a "fixed" expense such as your electric bill by conserving energy. Turn off the air-conditioning one hour earlier than usual. Iron your clothes at the same time. Make sure all lights are turned off when you leave a room. Switch to small screw-in fluorescent bulbs which last at least five times longer than incandescent bulbs and use only about 40% as much electricity. If you add up how many bulbs you have in your home, that savings becomes significant.
- A regular meal of coffee and rice toppings at a fast food outlet every morning can cost around P100 per workday. That's nearly P24,000 per year. If you're married and your spouse has the same habit, that's almost P48,000 per year.
- If you smoke, think about giving it up. Besides the health benefits, you could save at least P10,000 per year by quitting a pack-a-day habit.
- Are you paying for cable and internet subscription plans that you hardly use? If you only watch a few channels on cable every night, see if your cable company can give you a lower priced plan. Also, if you don't get to log on often, consider switching to prepaid dial-up subscription, which you only pay for when needed.
1. Each month, try to reduce your usual spending category by 5 to 10%. Refrain from being impulsive buyer.
2. Always track your spending and income to make sure you don't get into debt again. Do not spend more money than you make. Debt was made possible by spending money you don't have or money you are yet to earn.
3. Try to increase your income. Can you improve your salary? Is a second job possible? Can you sell something you no longer need?
4. Pay bills on time to avoid late fees.
5. Pay more than the minimum on your credit cards or loans.
6. Stop creating more debt. Don’t use debt to pay off debt.
7. Read your bank statement regularly. Remind yourself you need to save for your future.
8. Build an emergency fund of at least three months' living expenses.
9. Follow a monthly budget. Keep your spending within your monthly income.
10. Shop around for the best product with low rates. You should use cash to make everyday purchases.
11. Reward yourself. Working your way out of debt is a long, hard task. It's also a big accomplishment. Find inexpensive ways to celebrate your progress.
Over spending and getting out of debt is not easy. It takes a lot of time and willpower to do so. Most people need a year or two to escape from it. Better involve your family in all plans. But you can do it if you are really determined. Remember, the discipline and techniques you learn by solving your problems will benefit you for the rest of your life. The more you know about spending your money, the better equipped you'll be to secure a healthy financial future.
As saying goes “Getting out of debt feels good, but staying out feels even better.”
*For more details, log on to www.usecreditwisely.citybank.com.ph.
Let us pamper ourselves....Learn more techniques in applying make-up....
Easy steps on how to apply make-up
by: Narissa L. Morete,T-III
Munoz National HighSchool Main
Make-up is used for enhancing appearance of a person most notably the facial features. Cosmetics and Implements.
1. Foundation
2. Face powder
3. Cleansing cream
4. Mascara
5. Lipstick
6. Eye shadow brushes
7. Lip gloss
8. Blush brush
9. Blush on
10. Eye liner
11. Eye brow pencil
12. Concealer
13. Lip liner
14. Sponge
Steps
A. Clean the face with cleansing cream and do the facial massage. Wipe off cream with cotton balls.
B. Analyze the face if there is a need to apply concealer. It must be one shade lighter than your foundation. Apply it on over any blemishes or under-eye circles and blend with your fingertips or a make-up sponge.
C. Select foundation that matches your skin tone exactly. Apply it in dots over the central part of face, blend it out with a make-up sponge on your fingertips to cover the entire face.
D. Apply pressed powder or use loose powder to keep foundation and concealer longer. Used pressed powder in retouching when your away from home.
E. Next to do is your eyebrows. Powdered eyebrow shadow on brows is used instead of pencil, which often look unnatural. You can apply it with a hard, slanted brush.
F. Select 3 colors of eye shadow, light medium and dark. Use dark color only to line your upper eyelid, in a fairly thin line along the upper lashes. Use the medium shade on the crease, follow by lightest shade for the area under the eyebrow.
G. Use a cake eyeliner with thin liner brush or eyeliner pencil, line the lower lid below the lashes. The outer two-thirds of the lower lid must be line or all the way across if you’re trying to achieve a darker look. Start the line where your lashes begin.
H. Mascara is being applied to upper and lower lashes, in two thin coats. If your color is fair apply brown mascara, black work well for darker coloring you can also use colored mascara if you want too, but don’t go to bright if you want to be taken seriously.
I. Apply blush on to apples of your cheeks or below which do you want to prefer.
J. Lipstick color suited to your skin tone and that’s perfect for your look must be selected. Mixing colors and textures to suit your moods and your out-fit is important.
K. After applying lipstick you can line it with liner. Avoid the combination of very dark lip liner and pale lipstick.
by: Narissa L. Morete,T-III
Munoz National HighSchool Main
Make-up is used for enhancing appearance of a person most notably the facial features. Cosmetics and Implements.
1. Foundation
2. Face powder
3. Cleansing cream
4. Mascara
5. Lipstick
6. Eye shadow brushes
7. Lip gloss
8. Blush brush
9. Blush on
10. Eye liner
11. Eye brow pencil
12. Concealer
13. Lip liner
14. Sponge
Steps
A. Clean the face with cleansing cream and do the facial massage. Wipe off cream with cotton balls.
B. Analyze the face if there is a need to apply concealer. It must be one shade lighter than your foundation. Apply it on over any blemishes or under-eye circles and blend with your fingertips or a make-up sponge.
C. Select foundation that matches your skin tone exactly. Apply it in dots over the central part of face, blend it out with a make-up sponge on your fingertips to cover the entire face.
D. Apply pressed powder or use loose powder to keep foundation and concealer longer. Used pressed powder in retouching when your away from home.
E. Next to do is your eyebrows. Powdered eyebrow shadow on brows is used instead of pencil, which often look unnatural. You can apply it with a hard, slanted brush.
F. Select 3 colors of eye shadow, light medium and dark. Use dark color only to line your upper eyelid, in a fairly thin line along the upper lashes. Use the medium shade on the crease, follow by lightest shade for the area under the eyebrow.
G. Use a cake eyeliner with thin liner brush or eyeliner pencil, line the lower lid below the lashes. The outer two-thirds of the lower lid must be line or all the way across if you’re trying to achieve a darker look. Start the line where your lashes begin.
H. Mascara is being applied to upper and lower lashes, in two thin coats. If your color is fair apply brown mascara, black work well for darker coloring you can also use colored mascara if you want too, but don’t go to bright if you want to be taken seriously.
I. Apply blush on to apples of your cheeks or below which do you want to prefer.
J. Lipstick color suited to your skin tone and that’s perfect for your look must be selected. Mixing colors and textures to suit your moods and your out-fit is important.
K. After applying lipstick you can line it with liner. Avoid the combination of very dark lip liner and pale lipstick.