How do you pay off your debts, specially on your credit cards? Do you spread your payments across them? Do you pay whichever calls or contacts you first or those who are persistent with their payment demands? In the past, when I was still struggling with my finances, I discovered a debt reduction strategy which […]
Tags: credit card debt, debt, debt snowball method, get out of debt, how to do debt snowball, how to get out of debt, Personal Finance
As a child, most of us believed that our parents are perfect. But as we grow older and become more independent, we often realize that our parents are just like any one who would sometimes make bad choices and commit mistakes. Such is the realization of a friend who confided with me one night about […]
Tags: am i liable for my father's debts, am i responsible for my parents debt when they die, business debt consolidation, can you inherit debt from your parents, credit card debt after death of parent, debt, debt consolidations, debt management, debt of parents, debt settlement, family, inheritance and debt, parents
A friend asks if he could borrow money from you. He promises to pay by next month. You, being a good friend, loaned him some cash to help ease his financial burdens. That was a month ago and now, your friend is avoiding you. Whenever you get a chance to talk to him regarding his […]
Tags: borrowing money, debt, friends, how to ask for money back from family, how to get money back from a friend legally, how to get money back from someone who owes you, how to get your money back from a friend who owes you, how to politely ask for money owed, how to politely remind someone to pay you, how to tell someone they forgot to pay you, Life Lessons, loans, my friend owes me money and is avoiding me, pay back, Personal Finance
Filipinos have very close family ties and as a child, I was raised to honor this tradition. And since this is a big part of our cultural upbringing, it is often considered inappropriate to decline giving financial support to family members and relatives. Recently, a friend had an issue related to this. I specifically asked […]
Tags: borrowing money, debt, family asking for support, financial support, loans, Mindsetting, relatives
You’ve been doing a lot of changes to improve your financial health. You’re proud of your accomplishments and your friends could tell that you’re doing well. Then one day, a friend confides that he’s been having money problems and hopes that you could help him by lending him some cash. What do you do? Do […]
Tags: debt, friend asking for money how to say no, friends borrowing money, how to refuse lending money to a friend, loan, loaning money to friends, Personal Finance
Hi, my name is Fitz Villafuerte and I’m a Registered Financial Planner living in the Philippines. In 2007, I started this blog to help people learn how to achieve financial freedom.
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