Pinoy Financial Freedom & Money Tips

When I first started this blog, my aim is to teach myself as I blog my way to others. One of the things that I would like to happen is to finally apply what I learned from various books and ebooks I have read so far on this sensitive subject - my financial literacy.

For a while I thought I am financially literate. I am a CPA by profession and a financial planner at that but I can say that my finances, for the most part, is in a mess. As of now, I am still getting out of the pit of debt hoping that within early next year I can pay of all my nasty credit cards and loans.

But I am on it. From a whoping half a million pesos 6 months ago to less than P200K now. My recent financial struggles have brought me to a realization that prompts me to make certain decisions that changed my life entirely. Spinning my financial mess 360 degrees would mean a lot of sacrifices for the luxuries I once had from debt. I have to pay the price. I have to...

I HATE CREDIT CARDS! (Well, lately I guess coz I kept on using it before so I will be hypocrite if I say I never loved to use it.)

It was my fault though. I thought all these loans will help me out propel my business so I kept on borrowing and borrowing until I woke up one day my debt is full to the brim of my credit limit. I thought it will give me the luxury of owning things I dont need at the moment but are nice-to-haves in our lives. I thought this credit will help me secure a bright future for me and my family. I was wrong. Sounds familiar? I hope this would not happen to you.

This blog will tell my story and my family and friends' stories of struggle and battling our way of the crisis that is within most of the Filipino homes today - the rising and menacing costs of credit in our lives. The credit card that I thought was a friend was now an enemy to me. And I want to get rid of it fast and quick.

I hope this blog will help me instill in my system everything that I will write here and continue this momentum and focus on becoming debt free and wealthy in 2008. I dont want to get back to my old debts. I want my life back.

Are you with me?