How do successful people manage their personal finances? You, how do you decide on matters that concern money and resources?
There exists a distinct line between someone’s professional or business finances and their personal finances. For businessmen, network marketers, and even regular employees, how they manage the professional aspect can be quite different from how they manage their money at home. Successful network marketers know how to budget for their marketing operations. Prudent employees like most of us know how to allot daily allowances and spare a little part of their salary for savings. Entrepreneurs employ finance officers or staff to budget for them.
You may often find yourself in a position where as your income increases, so does your spending. You have the money (and it might be growing exponentially), but not enough financial wisdom to manage it effectively – and this is not your fault.
Luckily, online financial tools exist to help you handle your personal finances more effectively. One such tool that has recently been launched in the Philippines is a comparison platform called MoneyMax.ph.
Launched late last year, MoneyMax is a free comparison platform for financial services. Currently, it has successfully rolled out its credit card comparison service, where users can easily sign up and then take a look at credit card choices offered in the Philippines through one centralized dashboard.
The simplicity might be misleading: MoneyMax isn’t just a collection of credit card details. When users login, MoneyMax takes their details and indicated preferences into account, and then supplies a customized list of credit card options. This provides endless personalization options that results in credit card quotes that match user needs and preferences.
MoneyMax also aims to be a one-stop reference point for financial tips and advice, offering a full range of content designed to guide users into becoming as financially savvy as possible. Users will find FAQs, glossaries, and in-depth guides available, and as the website continues to grow, so will its selection of available categories to compare and content to peruse.
“MoneyMaxing” Finance Management
Let’s talk about how to leverage MoneyMax in terms of an actual scenario that applies to you right now: credit cards.
Despite the many negative associations credit cards may have gratuitously earned owing to cardholder misuse, it’s a fact that with proper use, credit cards are tools that give anyone a financial edge. Proper credit card use, however, doesn’t start from the moment cardholders receive their card in the mail; it starts with choosing the right card in the first place.
It’s in this facet that MoneyMax’s platform is a must-use financial tool. Users can take their time to comb through all the card choices from different banks in the Philippines, and thereby match their choices with specific criteria. For instance:
- Choose cards that have more traveling perks like extra points per mile, travel insurance inclusion, and special offers for hotel accommodations
- Look for low-maintenance cards from banks that waive maintenance fees or have special offers such as a year of 0% interest
- Find cards that have partnerships with specific establishments you frequent, like malls, restaurants, or hotel chains
Users just have to figure out what perks and advantages from a card they can benefit from the most, and take that into consideration when browsing MoneyMax. Furthermore, as MoneyMax offers useful tips and advice, users can find financial content relevant to their situation and apply any takeaways they learn.
The Future of Maximizing Personal Financial Management
MoneyMax is set to roll out other categories for comparison in the future, with plans to be already comparing many financial services (home and personal loans, insurance, et al) by the end of 2014. This means users can look forward to using the website’s service for many more times in the future – making smarter purchase decisions on the choices that matter each and every time.
This is the future of personal financial management: the convergence of digital technology and finance. Aside from MoneyMax, there are other sites and even mobile apps people professionals can use to be just as successful in personal finance management as they are at professional financial matters.
The key learning here? Sound financial management starts with choosing the best financial services for one’s specific needs. How do successful people manage their personal finances? Through making smart, informed decisions. Make sure that before purchasing an Internet plan, you know the extra costs that it will entail. When applying for a credit card, you need to be aware of its fees and charges. Always make informed decisions.
With free tools like MoneyMax, anyone can make these important decisions like successful businessmen.