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The Bogo Times

When your personal loan application gets denied, it can be disappointing. Most people are also puzzled. Even people with strong credit scores can get denied, and it makes them wonder why. Below are a few common reasons why banks deny personal loan applications so the next time you apply for one, you’ll know what and what not to do.
Bank Loan
Photo by rawpixel.com from Pexels

Bad credit score

Let’s get the most obvious reason out of the way. When you have a bad credit score, lenders are most likely to deny your personal loan applications. Your credit score is what tells banks the likelihood of you paying them back for the loan. If your track record is not very good when it comes to paying what you owe, chances are your bank will be resistant to granting you loans.

The loan amount is too high

Lenders will take into account your capacity to pay back when you apply for a loan. When you fill out that loan application form and put in too high of an amount in the “desired loan amount” field, banks will most likely deny your application. To avoid this mistake, use an online loan calculator. Loan calculators can tell you how much you can borrow given your current income.

Unstable employment record


Because banks consider your ability to pay the loan off in the long run, they will be looking at your employment record. So if you have an unstable employment record or worse, no employment at all, banks will be hesitant to grant your loan application. Lenders will require certain employment tenure or length of service, which is why banks typically require you to submit a certificate of employment.

Insufficient income

When you don’t make enough to apply for a loan, you will most likely not get approved. You need to be able to make the monthly loan repayments, and If you do not make enough money to pay them and at the same time address your basic needs as well, lenders will not grant you a loan. This is because you are most likely to use your income for your basic needs than to pay off the loan.

You have too much debt

When you apply for a personal loan, your bank will do a background check to see if you have any outstanding loans. This is so they are sure that you have the capacity to pay. If you meet the minimum income requirement and have a good credit score but have several outstanding loans, they will most likely be hesitant to grant you another one. The more loans you have, the less capacity you have to pay back an additional loan.

How you fill out the loan application

If you have any mistakes or inconsistencies in your loan application, lenders might not grant you your personal loan. Your data needs to be complete, correct, and consistent. Lying on your application will get you denial and could possibly land you on your bank’s bad side.

Consider the list above the next time you apply for a personal loan. Make sure you fill out the application completely and honestly, have a good credit score and enough income to make the payments, and make sure you’ve been employed a while.

This article originally appeared on Payment1.com


5/31/2019 01:41:00 PM No comments
You’ve probably heard that eating healthy is more expensive than eating processed junk. (Whole Foods, Whole Paycheck, right?!) But is it really true? The answer may surprise you. No matter what, we’ve got some pointers to help both your nutrition and bank account stay on track.

Healthy Food
Photo by Trang Doan from Pexels

The Verdict

According to a 2013 Harvard study, yes — eating healthier will inflate your grocery bill. Processed foods are cheaper to manufacture meaning that adding more produce, lean meat, and fish to your diet will cost you an extra $1.50 per day or $550 per year. While some budgets can’t absorb the hike, the difference between eating a balanced diet and surviving on prepackaged food may be easier to overcome than you thought.

One Caveat

Even though wholesome foods sometimes comes with a bigger price tag, we need to be mindful of our own psychology. Recent research indicates that we tend to assign greater nutritional value to more expensive goods. When we’re wrong, our wallets take an unnecessary hit and we perpetuate the idea that a nourishing diet is financially out of reach. Rather than focus on price, we should review the product label to gauge vitamins, nutrients, fats, sodium, and sugar which are true measurements of nutrition.

Long Term Benefits

Even though your wallet may be displeased now, you’re really doing yourself a financial favor by improving your diet. Research shows that eating well reduces your risk for a whole host of unpleasant and costly conditions like cancer, dementia, heart attack, diabetes, and more. With health care expenses reaching new highs every year, it makes sense to invest a little upfront to avoid a potential fiscal disaster later.

How to Eat Healthy on the Cheap

Yes, you may pay more to eat better — but shopping smart can curb the cost. Here are several ways to boost your diet without breaking the bank:

  • Hit up farmers markets and buy seasonal produce.
  • Buy frozen produce — it’s cheaper, keeps longer, and packs the same nutritious punch.
  • Buy inexpensive whole grains, beans, and peanut butter because they’re tasty, versatile, and good for you.
  • Cook with cheaper cuts of meat like chicken thighs, ground turkey, and beef sirloin.
  • Buy store brand goods — they usually taste the same as name brands.
  • Shop sales, use coupons, and go to discount stores. Where you shop can make all the difference.
  • Meal plan and cook at home. You’ll be in control of the price and what goes into each dish.
  • Grow your own food. While more land and more free time equate to more crops, even busy apartment dwellers can grow herbs in their windowsill.
Check out recipes for inexpensive and wholesome meals here and here.


Final Thoughts

Eating a balanced diet does cost a bit more than eating processed foods. However, with these money-saving strategies, you can curtail the expense and treat your body better. Your future self will thank you!

This article was originally published at HiCharlie.com. 
by Laura Gariepy | May 15, 2019
5/28/2019 09:39:00 AM No comments
This article was originally published by Uncapped Mortgage

Gone are the days when the American dream means climbing the corporate ladder. Over the last years, the mindset of the American worker has shifted to valuing flexibility and freedom over stability. Self-employment continues to be a rising trend as employees leave their day jobs to do freelance work or start their own business. 
self-employed
Photo by Tim Gouw from Pexels

One of the major challenges self-employed individuals face is managing cash flow. Since you do not have the regular pay that a day job provides, not to mention health insurance and tax duties, it can be challenging when all these things fall on your shoulders. Saving and budgeting can be taxing, too, as there will be months when you’ll be flushed with cash, while there will be months when you’ll need to tighten your belt a little. 

Below are a few money-saving tips for the self-employed.


Set a budget

Whether you are a business owner or a freelancer, this is very crucial. Good financial planning can determine the success of your new venture. Total all your income sources. Make sure to list down all your expenses every month. Determine all the fixed costs such as monthly bills, subscriptions, and mortgage, which takes up a huge part of your budget. You may want to consider paying off your mortgage early to get it out of the way and have more room in your budget for other things like savings and retirement fund.  After listing down the fixed costs, add the variable expenses such as payment to freelancers if you hire some, and any other expense that vary month-to-month. By doing this, you’ll know the amount of cash you need every month to live comfortably. Stick to the budget as much as you can. There are plenty of budgeting apps and tools that can assist you with this.

Set your rate

Do not undersell yourself and do not be shy to increase your rates as you gain more experience. In terms of billing, it’s better to be billed in installments rather than in lump sum at the end of a project. It would be harder to budget your money if your cash comes in once every three months rather than having them sent in monthly installments.

Build your emergency fund

And maintain it. It is important to always save for the rainy days. An emergency fund can save you from high-interest debts in times of financial stress. Make sure you have a fund, ideally a 6-month cushion - for when something unexpected happens such as a big client backing out. This 6-month cushion cannot be built right away, but you must work towards building it as soon as you begin getting paid. Set a certain percentage of your income to be allotted to this fund every month.

Know your taxes

Now that you are self-employed, you no longer have your HR department’s compensation and benefits people to look after your taxes. You must do them yourself now. Be aware of the tax bracket you are in now that you have gone solo. If you are a business owner, seek the help of a financial advisor in determining the best entity type to register your business as.

Get help

Time is money. If you think it would be best to delegate some of your tasks to freelancers in order for you to focus on more crucial tasks, hiring help could be a great idea.



5/20/2019 11:43:00 AM No comments
The City of Bogo will be accepting applications for the June 14-15 Passport On Wheels starting May 20th, 2019. Just visit the City Public Information Office (PIO) at the second floor of the Bogo City Hall from 9:00 AM to 4:00PM.  Make sure to bring all the requirements (see photos below) and make sure to have at least one active and accessible E-mail address.





Passport On Wheels is open to everyone including citizens from Bogo's neighboring municipalities. This is made possible through the partnership between the Department of Foreign Affairs, Republic of the Philippines and the City of Bogo.

P.S. Slots are limited.

Source: City Government of Bogo FB Page

DFA CONTACT NUMBERS:


Passport, Authentication, & 
Other Consular Inquiries
556 0000

651 9400

234 3488

DFA Home Office
(02) 834-3000
(02) 834-4000
5/17/2019 07:53:00 PM No comments
Miss Bogo, Cebu 2019

Talent Night: May 19, 2019 | 8:00 PM | @Bogo City Amphitheatre 

Pageant Night: May 27, 2019 | 8:00 PM @Don Celestino Martinez Cultural & Sports Complex 

Photographer: iClickPhotography 


MARY DWAYNE MONGCOPA Candidate #1
MARY DWAYNE MONGCOPA Candidate #1

SHAREE CAVALIDA Candidate #2
SHAREE CAVALIDA Candidate #2

KARYL PAREJA Candidate #3
KARYL PAREJA Candidate #3

ANGELICA GULANE Candidate #4
ANGELICA GULANE Candidate #4

MARY BETH MARTEL Candidate #5
MARY BETH MARTEL Candidate #5

JHEIZL MAE YNOT Candidate #6
JHEIZL MAE YNOT Candidate #6

CHARLA CLAIRE LEPON Candidate #7
CHARLA CLAIRE LEPON Candidate #7

BHEA GRACE GOMEZ Candidate #8
BHEA GRACE GOMEZ Candidate #8

ERICA PINO Candidate #9
ERICA PINO Candidate #9

CARYLL ANN RIVERA Candidate #10
CARYLL ANN RIVERA Candidate #10

ZYBELL QUIJARDO Candidate #11
ZYBELL QUIJARDO Candidate #11

KATHRYN NEPOMUCENO Candidate #12
KATHRYN NEPOMUCENO Candidate #12

METZIE ANN FLORES Candidate #13
METZIE ANN FLORES Candidate #13

NEIAH CARMELA NADELA Candidate #14
NEIAH CARMELA NADELA Candidate #14

SOURCE: Miss Bogo FB Page

5/17/2019 05:33:00 PM No comments

Talent Night: May 19, 2019 | 8:00 PM | @Bogo City Amphitheatre
Pageant Night: May 27, 2019 | 8:00 PM @Don Celestino Martinez Cultural & Sports Complex
Photographer: iClickPhotography

Mary Dwayne Mongcopa Candidate #1
Mary Dwayne Mongcopa - Candidate #1

Sharee Cavalida  - Miss Bogo 2019  Candidate #2
Sharee Cavalida  - Candidate #2

Karyl Pareja - Miss Bogo 2019 Candidate #3
Karyl Pareja - Candidate #3

Angelica Gulane - Miss Bogo 2019 Candidate #4
Angelica Gulane - Candidate #4

Mary Beth Martel - Miss Bogo 2019 Candidate #5
Mary Beth Martel - Candidate #5

Jheizl Mae Ynot - Miss Bogo 2019 Candidate #6
Jheizl Mae Ynot - Candidate #6

Charla Claire Lepon - Miss Bogo Candidate #7
Charla Claire Lepon - Candidate #7

Bhea Grace Gomez  - Miss Bogo 2019 Candidate #8
Bhea Grace Gomez  - Candidate #8

Erica Pino - Miss Bogo 2019 Candidate #9
Erica Pino - Candidate #9

Caryll Ann Rivera  - Miss Bogo 2019 Candidate #10
Caryll Ann Rivera  - Candidate #10

Zybel Quijardo - Miss Bogo 2019 Candidate #11
Zybel Quijardo - Candidate #11

Kathryn Nepomuceno - Miss Bogo 2019 Candidate #12
Kathryn Nepomuceno - Candidate #12

Matzie Ann Flores - miss bogo 2019 Candidate #13
Matzie Ann Flores - Candidate #13

Neiah Carmela Nadela Candidate #14
Neiah Carmela Nadela  - Candidate #14

SOURCE: Miss Bogo FB Page
5/17/2019 04:37:00 PM No comments

This article was originally published by Uncapped Mortgage

Generally, people think of debt as something to avoid. Debt usually means “bad” and no debt means you are better off financially. So the idea of using debt to build wealth can seem a bit dubious. Can you really build wealth using debt?

wealth and debt

In order to answer this question, we first need to know that there are two kinds of debt. There is good debt and bad debt. And though the thought of debt being “good” seems counter-intuitive, the fact remains that some debt is actually good.

Good debt is a debt that will increase your finances over time. So something like a small business loan is good debt because you use the money you borrowed to build up your business, thus, bulking up your finances in the long run. Good debt also has a smaller interest. So while you are expanding your business with your small business loan, you aren’t paying an exorbitant amount in interests. This type of debt also allows you ample time to pay back your debt.


Bad debt is the exact opposite. This kind of debt has astonishingly high-interest rates and usually involves some form of collateral. There is also a very short turnaround time for you to pay your debt, plus interest, back. Some examples of bad debt are credit card debts, car title loans, and payday loans. A loan of $100 will have you paying back nearly the same amount in interests alone. Bad debt will sink you financially faster than a boat riddled with holes.

So now that you know the two types of debt, you can probably guess which one can be used to build wealth. The question now is “how”.

A good way is the example stated above. Use debt to expand your business. If you do not have a business, use debt to invest. It could be in property or in various investment funds. Whatever you decide to invest in, it is important to know your risk tolerance and how much you are willing to invest.

The principle of leverage can help you out as well. Say for example you are investing 100 dollars of your own with an expected return rate of 10%. This will earn you a return of $10. If you borrowed money with an interest rate of less than 10%, you can add to your initial $100 investment and still earn from it despite having to pay off the debt you used to invest. You can diversify your financial portfolio using this strategy as well; borrow to invest in different institutions and different kinds of investments.

There are a few to consider when using debt to invest. Think of your tolerance for debt. Can you realistically pay off your monthly payments? Can you pay off that debt within the time frame or do you need more time? Consider your cash flow as well. You need to make sure that you have enough income to pay off your debt.

So the answer to the question can debt be used to build wealth is yes, you can. You just need to choose the right kind of debt, invest in the right things, and keep in mind your debt tolerance.

5/17/2019 04:05:00 PM No comments
Region:
REGION VII
Province/District:
CEBU
City/Municipality:
BOGO CITY

Bogo City Election 2019 Results

Bogo City Election 2019 Results

Bogo City Election 2019 Results

Bogo City Election 2019 Results

Bogo City Election 2019 Results

Bogo City Election 2019 Results

Bogo City Election 2019 Results

Bogo City Election 2019 Results



Source: https://2019electionresults.comelec.gov.ph
Last update date and time: 15 May 2019 | 01:19:08 PM
Information based on COC


5/15/2019 06:30:00 PM No comments
According to the New York Times, the average wedding guest spends nearly $900 to partake in the festivities. That price tag can make your wallet want to say, “I don’t!” — especially if your wedding season dance card is full.
But don’t worry. Charlie knows a bunch of money-saving hacks so you can catch the bouquet without breaking the bank!
Photo by Blake Newman from Pexels

Set a Budget and Prioritize

Take a peek at your finances and determine exactly how much you can spend on the occasion without wreaking havoc on your budget. Once you have a figure in mind, it’s time to create a spending plan.
You can stay near the venue in style, rival the bride for beauty, or be the best gift giver ever — but you may not be able to afford to do it all. If that’s the case, you’ll need to make some trade-offs to stay within your set limits. For example, if you want to give a lavish gift, that could mean forgoing the expensive salon visit the morning of the ceremony.
Tip: Charlie can help you plan ahead by starting a new savings goal called “wedding.”

Pool Resources

Try going in on wedding attendance expenses with family and friends. You can split the cost of lodging, transportation, and even the gift. That way, everyone saves some cash and can still fully take part in the experience.

Beautify Yourself (or Find a Deal)

If you’ve got the skills, skip the pricey salon and do your own hair, makeup, and mani-pedi. DIY’ing your beauty regimen will save you some serious cash. (You may even already have the supplies on hand!) Afraid of looking like Elizabeth Holmes? Ask a friend to help paint your face and braid their hair in trade.
If you really want to be pampered, check Groupon to score a deal on the service. You can also reach out to local beauty schools. Often, their students will gussy you up for much less dough than a pro.

Re-wear or Rent Attire

There is zero shame in wearing a killer dress (or suit) twice. So save your wallet and rock that outfit again! You can also raid a friend’s closet to wear something that’s new to you. But — if you must wear something brand new, consider renting your ensemble for a fraction of the price of buying it off the rack.

Make Your Gift

If you’ve got the talent, why not use it to make something heartfelt and budget friendly? Your newlyweds will appreciate the gesture and will likely cherish it over another set of wine glasses.
Here are some ideas to spark your creativity:
  • Sing a song at the reception
  • Make the centerpieces on the dinner tables
  • Offer to photograph the event
  • Create a scrapbook about their relationship
  • Knit a blanket for their couch or bed
  • Paint their new family portrait
Still feeling uninspired? Pinterest has got you covered!

Just Say No

Although it hurts to check “will not attend” on the RSVP card, remember: an invitation to a wedding is a request, not a requirement. Sometimes your wallet just can’t swing it and that’s OK. If that happens, confidently decline with your regrets and send a little (perhaps homemade) gift in your place.

Final Thoughts

Being a wedding guest can be crazy expensive — but it doesn’t have to be. Every element of the experience can be optimized to fit your budget. So go ahead and feel the love while enjoying your fatter bank account.
Tell Charlie: What’s the most you’ve ever spent as a wedding guest? Was it worth it?
Please note: We don’t have an affiliation with or personally endorse any of the services linked to in this post. We’re just trying to give you some ideas.

This article was originally published at HiCharlie.com. 
by Laura Gariepy | Apr 3, 2019
5/06/2019 10:02:00 AM No comments
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