How To Enjoy Summer While In Debt

April 27, 2018

Debt is stressful and no fun but it doesn’t mean that you just curl up in a corner and do nothing. Everybody has the right to enjoy and have fun - you are no exemption! Some people get their enjoyment from eating out, some would go shopping or others feel the need of traveling. Whatever it is that will make you happy go for it as long as you don’t forget your financial obligations, that is absolutely fine. Depriving yourself at everything all the time is impossible!

Let’s take a look at the suggestions below and learn how you can truly enjoy summer even if your wallet is on a diet:

1. Fix your budget - List down all your payables to see how much extra you have. If you can afford to save a little for one to two travels, which are not luxurious, the better. If there’s nothing really left from your income, plan some activities that will not cost you anything like run with a buddy, watch movies at home, read a good book or learn how to cook.

2. Earn extra - Because you are loaded with bills to pay, think of a second source of income. You can do online or direct selling, be a sub-agent for real estate or insurance company, accept printing/typing jobs, declutter your closet and sell your old stuff. Set aside the money that you will earn from your sideline business for your “summer fund”.

3. Change in lifestyle -  First, you have to accept your current situation. Then, tell your friends that you cannot hang out with them, for now, at fancy restaurants or for some drinks even if you love to. Discipline is the key. Sad reality is that you may lose your friends in this trying times but don’t worry you can always meet new ones or go out with your family.

4. Pay in cash - Anything you purchase on your credit card is debt. So, make sure to leave your credit card at home and don’t bring it with you until you pay off all your debts. So for the meantime, pay in cash.

5. Get advice from a financial planner - Talk to a professional who can help you organize your finances and reach your financial goals.

Investing in a health insurance is a lot cheaper and easier than you think. Imagine how much harder it’s going to be if you get sick and don’t have an emergency fund to pay for your medical expenses. Your debt is the reason why you need to buy a health insurance now. This will keep you from worsening your financial situation.

Paramount Direct offers HealthCare Cash Plan which provides Daily cash assistance of up to Php4,000, Daily Dread Disease of up to Php8000.  Other benefits include Daily ICU Cash, Maximum Surgical and Convalescence.

Another good thing about this product is that all benefits are directly paid to you - have the freedom to choose how you’ll spend the cash benefits.

Now, pay off your financial obligations and add health insurance to your budget. For as low as Php95 a month, you know that you are protected when things go wrong. Apply online today!

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