FILAM FINANCE

My wife is going back to school so we are currently looking for a new laptop. I mean we do not need an expensive one especially if it is going to be used for homework and exploring the internet. Our current laptop actually cost around $1700 and it has a lot of good features. We […]

My wife’s family is in the Philippines and we normally spend around $40 per month in long distance bill. My wife’s family there did not have internet connection back then but they recently have one. Because of this, we could potentially cut down on our long distance bill because she can communicate with them through the […]

When starting a business, most entreprenuers start as a sole proprietorships. However, on the liability side, there are a lot of disadvantages of staying as a sole proprietor. Owners should think of converting into a corporation so that they can limit their liability. If there is a big lawsuit against your business, the plaintiff would […]

After completing the most awaited big celebrtion of your life, it’s now time to face the ups and downs of a marriage life. What more can you expect but to start with the financial aspects as a couple. Here’s 13 money saving tips that newly weds can use coming from the pros:
Set Goals - set […]

I am writing this post to give you a quick synopsis of my future F-inancial IL-literacy A-nd M-istakes articles. The first topic, I used to be in the low income household, has already been posted and this one talks about my humble beginnings. The article discussed our family’s migrating to America with little or no money to begin with and being […]

Haven’t you wished you know back then what you know now when it comes to the financial aspects of your life? I reviewed my personal finance history to examine the various reasons of my financial mishaps during the early stages of my life. One of the reasons, sad to say, is that my parents were […]

Understanding the power of compound interest shows the benefits of starting your investments and savings plan, preferably your retirement, early. Compound interest means that the interest of your investments will earn interest as well, thus, allowing you to build a bigger nest egg.
There are three key things that affects your retirement fund:

Time
Rate of Return
Contribution/Savings

Of all the three, time is the one […]

Most recently, I wrote an article regarding one of our short term goals for this year. With all the other expenses and savings that we have to consider, sometimes saving up for an emergency fund is pretty tough. But with a budgeted monthly expense, I know contributing money towards our emergency fund would be possible even if it […]

The key to a better financial future is to set up both short term and long term goals. There are a lot of financial advices available out there but the key is identifying any of these advices that applies to you and try to incorporate those to your specific financial situation. You should always make […]