Category: Learn and Earn

The benefits of credit cards, important notes, and how it saves you money?

The benefits of credit cards, important notes, and how it saves you money?

by MJMCM ♥ 0 Leave a Comment

A credit card is a convenient way to pay for your purchases, be it online or at physical stores that accept credit cards as payment.

All about credit card.
Image source, credit to: Photo library provided by Pexels.

Are credit cards bad?

A simple answer to this question is that it may be good or bad, depending on how you use it. If you have the discipline to just stay within your allowable budget, a credit card is a good friend for you. Likewise, it will be an enemy and will hurt you financially if you don’t use it responsibly. So take note, don’t use it if you can’t pay your expenses when the due date comes.

Benefits of having a credit card:

  • Convenient to use. You don’t need to carry along a huge amount of cash all the time. You’re not holding too many coins or bills in your hand. It’s also a good way to avoid the transmission of microorganisms.
  • You can track your expenses.
  • It can help you just in case there is an emergency that you need to pay for something, and you don’t have available cash to pay for it immediately. Furthermore, it can serve as a backup plan.
  • You enjoy the privilege of buying now, pay later. But take note, you need to pay to avoid charges.
  • You can redeem cash backs and rewards.
  • You can use it when you go abroad, some banks charge minimal to no extra fees.
  • It is not linked to your checking account, or any savings account, so no need to worry.

Important notes about credit cards:

  • You should only get a credit card if you can use it rightfully.
  • Keep a copy of your signed slip, every time you used it, to track how much money you’ve already charged off. Keep also the copy of your receipt, to have proof that you already made the payment for the previous billing cycle.
  • Always pay the full amount of your credit card statement every month, this is to avoid interests or any accumulated charges.
  • In a simple sense, use your credit card just like a simple debit card, the only thing is that you have to pay for it before the due date. Unlike the debit card that you have to deposit money for you to use as payment.
  • Check if your credit card charges an annual fee. Some banks offer zero annual fees for life. But some banks charge an annual fee. Don’t worry about the annual fees because banks usually waived them, just make sure that you are in good standing. Meaning, you paid every month, and you used the card for a certain accumulated purchase. So, the bank will determine it.
  • Don’t use your credit card to buy for your wants. Use it to buy for your needs. Like grocery items and other household essentials.

How can a credit card save you money?

  • A credit card can save you money from the cash backs, rewards, and points you earned from using it. You can also earn free travel and accommodation, depending on the credit card company promo. You can exchange your rewards for goods, services, or you can redeem them to help pay with your balance. Take note that credit card companies, or issuing banks, are different. So, you have to check and compare first the privileges that you can get before choosing one.
The advantages and disadvantages of shopping online

The advantages and disadvantages of shopping online

by MJMCM ♥ 2 Comments

This post will tackle about the benefits and the downside of purchasing products through online stores.

Shopping online
Image source: Photo library provided by Pexels.

Together with the rise of technology, online shopping is also boosting. That’s why a vast majority of people are now choosing this way of buying their needed stuffs. Most of the products that you can buy are clothing, household materials, household essentials, food etc.

Let’s define what is online shopping

This is an action that is being done through electronic or digital communication. That will happen between the buyer and the seller. It enables consumers to buy goods or services using their mobile phones, tablets, or laptops over the internet.

Advantages of online shopping:

  • Buying online is convenient and a great way to save you time and effort. You can just spend a few minutes in shopping compared when you are shopping physically at shopping centers, malls or any stores. It doesn’t intervene much of your time. Meaning, you can be able to do your usual tasks or activities at home or at work.
  • You can view many products that are of good prices from different stores, you can easily compare them, and you can choose what is suitable or will match your budget.
  • You can choose various kinds of products in just one click. Furthermore, you’ll just have to open the online selling platform and choose the categories where the item that you are looking for.
  • Not only that, but you can just pick, buy and send items as a form of gift to your loved ones wherever part of the country they are in. Giving gifts even though you are far from that person is already easy.
  • You just need to place your order and indicate the address of the recipient who will receive the item.
  • There are no physical contact because you’re not going to the store or somewhere else. Therefore, you are free from crowds that may cause some delays on your day, and minimizing your risk to acquiring harmful microorganisms that causes diseases.
  • You are not being pressured to buy, and so, you have ample time to think whether you should buy it or not.
  • You can use vouchers to lessen the price of the product that you want to buy, or you can exchange it for a free delivery instead.

Though there are many advantages of shopping online, there are also a few disadvantages, like:

  • It lessens our physical contact with the outside world.
  • It lessens our bodily activities, shopping physically is a great way to involve our body with simple exercises like brisk walking, muscle and bone relaxation.
  • Fraud in online shopping and delivery delays. You have to be cautious when purchasing products, specially if it’s your first time to buy to an online shop. Read reviews first regarding the product.
  • Furthermore, you can’t be able to see the real quality of the product before buying it.
  • You can’t ask for a bargain price because of the lack of interaction to the seller.
  • Payment issues and possible hidden costs. So, before purchasing, you have to ensure that the price indicated will be the one that you will pay, and check your virtual receipt before approving the product.

What are user-friendly platforms that you can consider?

Online shopping platforms that you can find low prices and are user-friendly includes Lazada and Shopee. These e-commerce platforms offer an easy, fast and secure way of shopping online. They offer many products that you can buy at the comfort of your home! Plus they also have many perks, vouchers, and games where you can earn free coins that you can use in their platforms. They both offer an e-wallet, where you can pay for the goods that you ordered, or choose to pay when the product arrived to your home.

To start shopping with them, you need to create an account first. You can use my Lazada code or if you choose Shopee you can use my Shopee code instead. It’s a welcome gift that they are giving to their new users for signing up. This is just one way for you to earn free money. You can use it to buy something to their platforms.

Whatever platform you choose, you have to be careful enough when doing a transaction online. You should also show kindness, consideration, and patience!

Passive income ideas that you can try to boost your earnings!

Passive income ideas that you can try to boost your earnings!

by MJMCM ♥ 0 Leave a Comment

Are you looking for a passive income which can increase your earning potential? Well this post is for you!

Before we tackle about the possible passive income that you can venture in, let me give first a simple definitions of passive income.

Passive income ideas
Image source: Photo library, provided by Pexels

So, passive income is a form of income ideas wherein you don’t need to put a lot of effort working for it. While you are sleeping or awake, you are making money! While you are sitting or roaming around, you are making money! When you are spending money for your essential needs, you are complacent that something will come back to you in return because you have a passive income. But always take note, that a little effort and managing abilities should accompany it, in order for it to be successful.

Here are the list of passive income ideas that you can do to earn additional money!

Digital passive income:

  • Digital products- includes selling of product virtually. No physical products involved. Examples are: selling of E-books such as online courses and designs. These products will cost only your time in producing it, and the good thing is that you can sell it unlimited. You can sell it to your social media accounts, website, or blogs. When someone buys it, you earn money instantly!
  • Affiliate marketing- done by promoting a company’s products and services. For you to start on this, you have to look for a legitimate company who offers affiliate program. You need to apply to this company by signing up to their form, submit it and wait for their approval. If ever they approve your application, you can now start with displaying their products to your social media accounts or blogs. If ever someone buys through your affiliate link, you will gain commissions.
  • Creating a blog- this is suitable for passionate bloggers, writers or content creators. To those who love to share their ideas and knowledge about anything that interests them. You can create a blog through WordPress. You can start with their free plan, and choose a plan which is suitable to your need later on. How can you earn a passive income from blogging? So, you can earn here by attaching your digital products, affiliate marketing, and displaying of paid ads or banners. But before you can do all of these, you have to grow your blog first to widen your reach.

Physical passive income:

  • Rental income- if you have a space in your house that you are not using- you can rent it out to other people, unoccupied property like land- you can lease it to business minded individuals. Car rental and even renting out your modernized equipment could bring you some amount of money!
  • Lending- you can earn through this passive income by interest basis. You let someone borrow money from you, and then that person will pay an interest in return. You can calculate it monthly or annually, depending on what you have agreed. It can also include some risk such as, unpaid interests and principal, or inability of your client to pay on time. But, it can be profitable if you have good payers, so you have to choose the right ones.

Bank related passive income:

Note: Do not transact with individuals who are not legal employees of a bank. Before entering to these, you should be able to understand the ups and downs that may occur.

  • Stock trading and stock dividends- done through stock trading companies or banks. Stock trading means that you buy a share of a company. The trick here is to buy while the market is down and sell it when the market is high. While waiting for your share to grow and give you some gains, you can also benefit from the stock dividends that the company will distribute to their loyal shareholders. This passive income is suitable for risk-takers and to those who can wait and can understand the trading process. Because there is a possibility that your shares will decrease, and you are unlikely to predict when it will go up. Before you can venture to this, you must prepare an emergency fund for unexpected expenses. The good thing is that it can give a good amount of possible earnings!
  • High-yielding savings account- these are available and offered by banks. This passive income is suitable for those who are conservative in terms of putting their money somewhere. Your money will grow while saving it in the bank.
  • UITF, or unit investment trust fund- available through banks. They are also a risky venture, but the good thing is that it can also earn you ample money if you are just willing to take the risk and can wait. Once again, just like the stock trading, you should also prepare your finances for possible emergency expenses that may occur.
How to become a successful business owner or a seller?

How to become a successful business owner or a seller?

by MJMCM ♥ 0 Leave a Comment
How to be successful in business.

Are you a seller or a business owner who find it hard to sell products? Consider reading this post as it will tackle about the needed qualities to be a good seller or a business owner. Selling consists of looking and approaching for possible customers to sell your goods, products, or services. It also includes presenting your product, explaining what is the product all about. Your main goal is to close a sale. But remember that a good business owner should be happier to close a sale because you believed that having your products in the hands of your customers would be of great help to them. Apart from the profit that you will gain. Good amount of profits will follow if you will be able to promote genuine relationship to your customers.

Consider these good qualities of a business owner or a seller that you should possess:

  • Believe in yourself or be confident enough so that your customers will also feel the same towards you.
  • Practice good customer service, nobody wants to buy to a seller who has a bad customer service. Your attitude is significant in selling.
  • Tell what is the product all about and emphasize or give expectations about it.
  • You should know the answers to these few questions. How would the product help the customer? Why is it good for them? Why do they need to buy it?
  • Be honest in answering questions that your customers will ask you, and never try to give false statements just to make a sale.
  • Apologize whenever you made a mistake, for example, you didn’t be able to deliver the goods on time or there’s a problem encountered with your product. Apologizing will help you to avoid losing that customer.
  • Keep your communication open to previous buyers because it’s a good way to keep them and to encourage them to buy again your products.
  • Keep updated about trends, what are new on the market today? What products are seasonal, or how to make your product match with the season?
  • Be confident with your pricing, stick to your price or give some special discounts, but never come to a point that you already lose your profits.
  • Avoid spending too much time with people who are negative and aren’t motivated to buy because there are many people out there who deserves your attention and are willing to buy your products.
  • Be a good listener, you have to listen about their queries, comments, or suggestions to better improve your products.
  • Networking in any business is significant to spread the word about your products. It’s also an economical way to save for a paid advertisement.

“Consider your buyers or consumers as friends because they are the life blood of any businesses, without them growing your business is somewhat difficult“.

10 tips on how to save money while at home

10 tips on how to save money while at home

by MJMCM ♥ 0 Leave a Comment
Saving money at home

Money is an essential thing, and honestly, we really needed this to live, we use this to buy what we need like products, materials, and services. Nowadays, inflation is high, the increase in the prices of goods are inevitable, so it means that the amount of money that you can buy for a certain product increases. Comparing it a few years ago, a certain amount of money you bought for a product is no longer the same if you buy it today! So, we really require ourselves to know how to save and just buy those essential things in order not to run out of money.

Here are some tips on how to save money at home:

1. Schedule your grocery or market day, for instance once a week. Determine what things you need to buy and to consume for that specific days. You will be able to save time and money for transportation.

2. Make sure to turn off the appliances or the faucet when not in use.

3. Set a schedule for your laundry day. By doing this you can save not just for electricity and water but will save you time and effort.

4. Celebrate special occasions at home. Very practical and safe for your family.

5. Use online payments for paying your bills. Just be cautious to choose the legit and the government approved bills payment providers. Just register for an account, be verified, add money, and you’re ready to pay your bills without going and mingling in the crowd.

6. Do gardening at home, plant fruits and vegetables. It is very beneficial to plant your food, and very fulfilling when cooking and consuming them. You will not just save money but will also benefit your physical fitness.

7. If you have extra money that you will not be using for a longer period of time, it’s best to invest it to your bank. They have a lot of investment options available for you.

8. Use credit or debit cards in your purchases. Just make sure you’re transacting with verified providers. These cards have numerous freebies awarded to you for every spend you make. The accumulated points can be exchange into goods.

9. Sell your pre-loved items online or in your garage. You will not just earn money for the things you don’t need anymore but will also provide more space for your cabinet or storage.

10. Use discount vouchers and buy discounted items. Many groceries or food stores often have a promotion day, wherein they offer countless discounts and freebies for a certain item bought.