5 Reasons to Raid your Nearest Hardware Store - Philippine Home Renovation Trends for 2020

This pandemic has changed is in so many ways, and today we are particularly interested in looking at how it will change how we want to change our homes. Having the longest quarantine period of any other Asian country, the Philippines and the Filipinos has seen so much of their homes but still might not know what renovations are needed. Get your masks and face shields ready because we are about to give you a rundown of new normal trends we think might be in this 2020 and beyond.

Sanitation is Everything

Hygiene has been given new emphasis in this pandemic. With everything we don’t know about the pandemic, what we do know is that staying clean and sanitized can literally keep as safe. A trend that we might see emerge is houses having a sanitation station complete with sanitizing mats, misting machines, maybe even a mini shower room.

Calamity Proofing

So far, we’ve experienced the changing of season in the Philippines in the isolation of our homes. We’ve experienced a scorching summer as well as a handful of typhoons and heavy rainfall. We may already know the ins and outs of our home but this quarantine might have revealed to us vulnerabilities in our home like leaky ceilings, clogged drains, cracks on the walls and so on. There are hardware stores in the Philippines that can over you a variety of climate proofing options for roofing, windows, paint, awning, and more.

Colors are Always In

When it comes to any renovation, paint will always be popular. It’s one of the simplest renovation but also the most apparent and beautifying. Used to be, repainting the house only meant changing colors but with technology, you can now use paints that eliminate odors, kill germs, and are eco-friendly.

DIY through and through

Since social distancing is the primary and overall best method of keeping the pandemic at bay, DIY project, including home renovation, is where it’s at. People are going to YouTube to learn how to finish projects themselves. With the hinged capabilities of public transportation, it’s also in your best interest to order hardware in the Philippines online. Research renovation projects you plan on doing on the internet, order your materials and tools online, and get building. You aren’t only making your home better in a safe way, you also get to discover or hone your craftsmanship.

We can’t say for certain how long we’ll need to keep on staying indoors but one things is for sure, we’ll always be at home. That’s reason enough to get it maintained and renovated to fit your needs and to answer to the crisis at hand.

Tips on Managing Debts and Paying Your Loans On Time

 

Loans even the ones with the lowest interest rate can be overwhelming especially after you miss a payment or two. You often hear advice about paying them early but why? As per finance experts, not being able to pay your loan on time results in penalties, additional interest rates, and credit score damages. It “pays” to pay your debt early to stop the accumulating interest. Doing so saves you more money in the long run, improves your financial strength, and gives you peace of mind. And how will you do that? Read on and find tips on how to clear out those loans as soon as possible!

1. Choose the right loan facility.

First things first, stay away from loan sharks, scammers, and other illegitimate companies. No matter how good their offers might seem, avoid them to protect your personal information and money. Only borrow from a well-established and reliable financial institution that is authorized by the Bangko Sentral ng Pilipinas and is endorsed by well-known organizations. Take the time to research and read reviews online to ensure that you’re dealing with a legit bank or savings and loans association. Remember, borrowing from the right loan facility not only gives you a loan with the lowest interest rate, but also provides good payment flexibility, protects your information, and helps you in the best ways possible. 

2. Do not loan more than you’re able to earn.

Even if you’re eligible to apply for a higher loan amount, only borrow what you need. Loaning more than you can afford to pay increases your risks to be buried in debt, as well as tempting you to do unnecessary and unplanned purchases. Keep in mind that the bigger you borrow, the higher the interests are. The larger the loan amount, the longer you’ll most likely pay. We highly suggest you check your budget first and see how much you can comfortably afford to pay every month. Work within your current income and loan wisely. Practice discipline especially on your finances!

3. Enroll in autopay.

Enrolling in autopay means your selected loan facility will automatically deduct payments from your bank account per month or depending on your agreed repayment terms to clear your loan. Choosing this option allows you to set spending limits for yourself and helps you to be committed to paying your loan on time. No need to worry about potentially skimping on payments and suffering from penalties as your payments are already scheduled. Setting monthly reminders and regularly checking your loan balance are also smart moves to not miss any important updates.

4. Budget and pay more than the monthly minimum.

Budget your money. It helps when you align your monthly repayments with your income cycle – allowing you to plan your household expenses and loan payments accordingly. Paying more than the monthly minimum requirement, but not more than you can afford to repay comfortably also goes a long way. Say, you’ve got your salary, paying a little extra each month won’t hurt your wallet and will reduce the overall length of your loan repayment plan. This will help clear your loan on time or earlier, and also lower the amount of interest you owe, saving you more money in the long run.

Selecting the right financial institution, availing a loan with the lowest interest rate, keeping track of your balance and expenses, and taking responsibility to pay will place you ahead of your repayment term and clear your loan in no time. Just put in that discipline and commitment for you to manage your loans, stress-free!