Here's how to win the goal game painlessly
Have you written down your goals list for the year? Kudos if you have one already.
If you haven't gotten around to doing it yet, it's about time you sat down and thought things through. Valuable pieces of advice are up ahead on how to achieve common goals minus the stress.
To achieve goals, you have to plan well and work hard. You must also find the right allies to help turn your aspirations into reality. It can be challenging to determine who or what to trust, but you'll know it when you see it—reliability cannot be faked.
Here are five goals that most Filipinos work towards, easy headache-free tips to achieving them, and partners that will make the journey not just worthwhile but fun.
THE GOAL: Leveling up your savings
There are countless ways to save, and not necessarily everything will work for you. The best way to really know if a saving hack will boost your savings is if you try it yourself.
A debit card makes leveling up your savings easy. You'll be able to effectively monitor your spending and keep a record of all your transactions. It will also help you become a more disciplined spender since you'll only be spending money available in your bank account. What's more, you can avail of instant discounts and freebies from select establishments nationwide.
With a debit card, essentially, you will not need to bring cash--just tap, dip or swipe your BDO Debit Card when you shop, dine, buy groceries, book your trips and more. You can even use it online.
The goal: Maximizing your salary
Here's a sobering truth: To maximize your salary, you have to minimize—not just your spending (especially if you're already a wise spender to begin with), but the processes and habits in your life.
You will need to streamline the way you pay bills. Instead of heading to different payment centers, why not charge your utilities to your credit card? That way, you get to easily monitor where your money goes and avoid extra charges (like for transportation going from one payment facility to another, or perhaps online payment facility charges).
Using your card, you can also get awesome big ticket items at reasonable installment rates without interest. BDO offers a wide array of credit card options that suit different usage habits and lifestyles. The best thing about it is that it is widely accepted in thousands of establishments around the world, convenient, safe to use, and has loads of exclusive promo offers—discounts, rebates, freebies and more.
The goal: Buying your first car
This is one of the most exciting big-ticket purchase for a young professional or a starting family. The first important thing you must keep in mind to avoid future regret is to be realistic.
Don't be blinded by shiny models, and stay true to your needs, budget, and future projected income and savings. Flashy cars aren’t the be all and end all. It is also better to stick to a unit that you can maximize based on your lifestyle and income.
Thankfully, there are a bevy of good car deals that you can easily avail of. Through BDO Auto Loan, you can take advantage of affordable rates and flexible payment terms.
You also have the option to increase your initial cash out to have a lighter monthly amortization or go for a longer loan term. On top of that, you may also opt for an All In Financing to cover payment of your car’s Chattel Mortgage Fees and First Year Motor Insurance Premium up to the term of your loan. Plus, you’ll be treated to fast loan processing—within 24 hours if you have the complete requirements.
The goal: Investing in a new home
This is one of the smartest moves you'll ever make in your lifetime. Instead of spending your money on items that you don't need, invest your money wisely on something that appreciates in value and would be very beneficial for you in the long run.
It's not easy to find the right location to plant your roots in, so to make the process less bumpy, you have to be decisive—consult others who are more knowledgeable and experienced when it comes to purchasing a home, know your negotiables and commit to your non-negotiables. That way, it'll be easier for you to spot "The One."
You don't have to worry about financing this new investment, thanks to BDO Home Loan. There's a variety of options to choose from, for every "nesting stage"—whether you're looking into purchasing a condominium unit or constructing a house on a currently owned vacant lot or renovating an existing house. Maximize your loan up to 80% of the appraised value of your property or apply for a minimum of P500,000, enjoy low interest rates, flexible payment terms of up to 20 years, and all-in financing.
The goal: Increasing your income
If your business has become such a huge hit that you're considering launching a new product line or expanding your operations, there's no need to fear--just plan, do your research, and do it.
It can be difficult to think of expanding your business, but you can take it all in stride because of BDO SME Loan, which offers financing options.
You may borrow up to P20 million depending on the appraised value for your collateral, specifically taking into consideration your business and what you want to do with it.
You may choose between Term Loan, a secured fixed-term loan facility that is ideal for acquiring property and equipment for your business, or SME Ready Check, which is a secured revolving credit line that you can use for your working capital requirements, among others.
With new knowledge on new allies, it can be easier to turn your goals into reality. Cheers to a 2018 filled with achievements, unlocked without the hassle!
For more information about BDO products and services, visit www.bdo.com.ph.
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