JOC.Financial

The 10-step monthly money routine to help your finances By Lace Llanora You are the boss of your money and creating a money routine is the way to take control. We all have money issues - from increasing savings, to getting out of debt, to fulfilling mortgage payments. It can be overwhelming but sometimes it's only a matter of keeping everything organized. To start being in control of your personal finances, here are 10 steps for your own monthly money routine.   1. Review your bank accounts  - Make it a habit to regularly log-in to your online bank accounts. Your goal is to get an accurate idea of how much money you really have. Review your transaction history to see where your money goes. Also, secure your account's security by constantly updating passwords. BONUS:  It is now easier with many banks offering online transactions .   2. Pay monthly bills on time  – Most bills, like rent and electricity, have specific billing cycles and due dates. Save yourself fro...

  ADVANTAGES OF MUTUAL FUNDS 1. Low Initial Invesment - It takes only P1,000 to start in MF investing. After that, you can invest P500 every month or every other month, or as often as you want. 2.Diversification -Mutual Funds allow small Investors to take advantage of investment opportunities with a bigger interest and enable them to buy more types or unit of investment, instead of being limited to only one or few. 3. Convenience and Cost efficiency - Mutual Funds take the stress away from small investors who want to invest in the financial markets. This is because MF are handled by competent and professional fund Managers who choose the right investment for them. 4.Principle of Compounding at Work -The earnings of a Mutual Fund grow more when the value of the securities it owns increases. Compounding automatically takes place while the investments remain in the Mutual Funds. 5. Liquid Investment - This means you can get your cash easily if you need it. Mutual fund shares can be so...