Monday, February 3, 2020

5 Ways You Can Handle Money Better This Year

New Year, new you. Every first month of the year calls for a fresh set of resolutions, money included. We all need a certain level of inspiration to craft up new rules for our finances, but their success boils down to our effort and dedication. 

Having trouble making your resolutions work for you? Read on below for your new money commandments and how to finally stick to them this 2020.

1. Be realistic. 
Targeting to pay off all your debts is good and all, but you need to be realistic to make it successful. When assessing the amount that you want to pay off for the year, make sure that you leave enough budget to support your regular lifestyle. You have a higher chance of making financial mistakes like overspending if you limit yourself too much, so try to find the perfect middle between achieving your financial goals and supporting your needs.

2. Have a purpose.
Wanting to start or grow your savings 'just because' is good, but you can feel more inspired if you connect it to an actual purpose. Do you want to travel to your dream destination? Buy your very first property? Get a life insurance? Having an end goal in mind will give you a clearer vision (and better motivation!) when trying to achieve your goals.

3. Keep your money in separate accounts.
Having multiple accounts can be difficult to handle, but it can also be helpful if you want to make it easier to manage your finances. Have a separate account for your savings where you can automatically move or deposit your money—and forget about it. If you want to have a clearer view of your finances, you can even create a separate account for the different things you’re trying to save for (property, travel, etc.). Want to be extra sure that you don’t easily spend your savings? You can opt for a checkbook or even simply leave your ATM card at home so you won’t get easily seduced to withdraw your funds.

4. Have a splurge budget.
This sounds counter-intuitive, but it’s actually helpful in the long run. Limiting your spending too much can backfire and make you more prone to sudden overspending so make sure to give yourself room to breathe and enjoy. The secret is to set the right amount that you can actually spend on recreation. To do this, take out the cost you need to cover your basic expenses and the amount you want to save. You can use what’s left on yourself.

5. Be smart in managing your cash flow.
Sometimes, emergency situations will require you to touch your savings. Did an important household appliance breakdown? Do you suddenly need to shell out a big amount for something? In cases like this, what you can do is to consider other options that can help you afford things without draining your savings. Cash loans and installment plans are a good option for this because you can pay the cost gradually. Reputable providers like Home Credit—which now offers other financial products like cash loans and credit cards on top of their in-store product installment plans—is a prime example of an option you can consider. It’s so easy to apply for their products, too! You just need to provide two (2) valid IDs and even apply to their partner stores or online. Processing of your applications won’t even take long—you just need less than a minute to know your results. So the next time you find yourself in need of some financial help for something important, consider to do it the easy way and #iHomeCreditMoNa!

For more information on their products, you can visit their website or reach out to them via Facebook.

Want a more convenient way to access Home Credit’s offers? Just Tap the App! Download their MyHomeCredit App in Google PlayStore, and get access to their products and offers wherever you are, whenever you want. 

Starting your resolutions is one thing, but actually making them successful is a different story. Follow the tips above if you’re set on starting a better financial journey this new decade.

Home Credit Philippines is a consumer finance provider that promotes the principles of financial inclusion and safe lending, providing world-class financing services to qualified customers, often first-time borrowers. Company’s core business is non-cash, no-collateral instore financing of purchases for customers, seeking to buy appliances and mobile devices (computers, tablets, laptops and mobile phones) through monthly installments without a credit card. Home Credit Philippines operates in 63 Philippine provinces plus Metro Manila, with a blueprint to expand its business to other Philippines developed cities. Home Credit Philippines is headquartered in Bonifacio Global City, Metro Manila, total employee strength is over 12,000 and keeps growing, with more than 5,600,000 customers and counting served. Home Credit Philippines is part of Home Credit B.V. (HCBV), an international consumer finance provider. More information on Home Credit Philippines is available at 

Home Credit N.V. (“HCNV”) is the Netherlands-based holding company for Home Credit’s global platform, which centrally manages its core strategy, technology, risk, product and funding functions while adapting to local market needs. HCBV is an emerging markets’ consumer finance specialist with operations in (1) Central & Eastern Europe including Czech Republic and Slovakia; (2)  the Commonwealth of Independent States including Russia and Kazakhstan; (3) China and (4) South & South East Asia including India, Indonesia, Vietnam and Philippines. 

Founded in 1997, Home Credit focuses on responsible lending primarily to people with little or no credit history and is fully licensed to operate in its chosen markets. Home Credit drives and broadens financial inclusion by providing financing to under-serviced populations wherever and whenever they need through its omni-channel distribution network, while providing a positive and safe borrowing experience. 

HCNV has so far served over 123.7 million customers through a distribution network comprising approximately 453,539 points of sale, loan offices, branches, post offices and ATMs. Total consolidated assets reached EUR 25,6 billion. All figures in these Notes for Editors are as at 30 June 2019 unless otherwise stated. More information on HCNV is available at

The 100% owner of HCNV is Home Credit Group B.V. (‘HCGBV’). In the year 2019, HCBV transferred to HCGBV several small-sized and non-core operations, including its business in the U.S. The results in this announcement are presented as if such small-sized and non-core operations were owned by HCGBV on 1 January 2018. HCGBV is a 91.12% subsidiary of PPF Financial Holdings B.V. 

PPF Financial Holdings is a 100% subsidiary of PPF Group N.V. (“PPF”). PPF invests into multiple market segments such as banking and financial services, telecommunications, insurance, real estate, metal mining, agriculture, retail and biotechnology. PPF's reach spans from Europe to Russia, the USA and across Asia. PPF owns assets of EUR 34.5 billion (as at 31 December 2018). More information on PPF is available at

A minority stake (8.88%) of Home Credit Group B.V. is held by EMMA OMEGA LTD, an investment holding company ultimately owned by Mr. Jiří Šmejc. More information on Emma Capital is available at

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