Tuesday, January 22, 2008

Buying the ring of love



(Note: An overdue post - just reminded about it since this is also my upcoming article for MoneySense's next issue.)


“Will you be part of my life?” I resoundingly replied, “Yes, I will spend the rest of my life with you.” There goes my marriage proposal, but while it was a breeze to say yes to a life-changing decision, what I found jittery was, when my fiancé, Robin, asked me to look for the engagement ring that I wanted.

I’m not a big fan of jewelry, even accessories, but still, I did my homework, scouted for a ring, but nothing caught my attention. So when he was here for us to buy the ring, it wasn’t an easy search - he had his ideas what to get for me: I had none as to what would I wear. After trips to numerous jewelry stores spread across Metro Manila malls, we found it. Here’s what I learned in finding my engagement ring, and how such lessons will help when it’s time for us to buy our wedding rings:

1. Spend within your budget. My main contention about getting an engagement ring was, I didn’t see the point of wearing an expensive ring to prove a man’s love to his lady (Is love not enough?) To convince me, Robin said from centuries back, a ring (usually diamond ring) traditionally serves as a betrothal gift of a man to his prospective bride while or directly after she accepted his proposal, signifying a formal agreement to marriage.

To paraphrase him, he added it has been society’s way to think that his amount of love is tied to how much he could spend for a ring. So he was able to appease me, but I ended turning down most prospective rings because of their prices – too pricey even if discounted. The diamond industry is said to create the rule that an ideal budget for a ring is worth two months’ salary. Set that aside for it is your fiancé who will eventually determine how much he is willing to shell out – both for engagement and wedding rings.

2. Weight the stones. Robin observes I’m not keen on jewelry, so he was on the lookout for simple yet classy ring for me. He was first considering round cut diamond. When I later became pro-active in our search, I leaned more on a princess cut – which what we got since we both discerned it’s quality made (though I’m not exactly keen on having diamonds for wedding rings).

There are countless choices now but know the basics if toying to get a diamond ring: cut (according to Tiffany and Co., the diamond’s cut will determine it’s defining characteristic – so check for angle and size and the shape; round remains classy, but for variety, you may opt for emerald, heart, oval, marquise, pear, or princess cut); color (the most valuable is white or colorless, and graded “D” by jewelers); clarity (examine the ring through a jeweler’s loupe or magnifying glass, and when the stone is graded SI1 [Slightly Included 1] or better (best and most expensive is IF, or Internally Flawless; worst is I3 or Imperfect 3], then your pick is fine), and carat (ask for stones than the next carat [example: 0.9 instead of 1], since this almost indiscernible difference can lead to significant savings).

3. Pick the band. While we had different idea regarding the stone, Robin and I settled for 18K white gold band. According to Suarez Wedding Rings site, white gold is becoming more of an option since it is trendier than the traditional yellow gold and not as rare looking as rose gold, not to mention it is more affordable than platinum, an extremely white metal that is harder and more expensive than gold or any other metal at that.

Note also that white gold is recommended for stone settings than yellow – you may also opt for 24 karat gold, but if you want value for your fiancé’s money, let him save more by opting for gold of lesser karat, since gold by nature is a soft and malleable that generally loses its shape over time (so cleaning and maintaining your engagement and wedding ring might eventually become a real expense).

4. Tap for quality. We searched in mom and pop jewelry stores and even those jewelry chains – but the latter of course, command higher price because mainly of their name and years in the industry. But we found our ring in a less popular store, which has the accreditations required and follows global guidelines (for example, the country follows the International Gemological Institute guide on diamond clarity). Most stores we checked also offer discounts, but the more eager stores will give in to the customer’s (reasonable) demands.

In our case, when Robin said he already had his pick, price wise, and how he thinks the ring looks good on me, we want back to the store, tried the ring once again, and after exchanging agreeing looks, my fiancé made the purchase. The sales lady did the tests on the diamond, detailed the ring’s specifications (which suited Robin satisfactorily), and computed for the price. When we got the discounted amount, I asked if they could just waive the excess P2,500 since it’s the only ring of its kind left and we truly came back for it after all the choices we have had. So they waived it and my fiancé gave me an approving smile for sealing the sale at a more reasonable amount. We also tried a couple of wedding rings, and which the store ladies said, if we purchase those, we’ll get another discount since we got the engagement ring from them (which I’m remembering well in case we buy there again).

5. Don’t buy alone. It is advisable to have someone when buying jewelry – whether your fiancée’s mother or best friend who knows your lady love’s preferences. When a college friend saw my engagement ring in my blog, he inquired via SMS about its particulars, especially how Robin got it for me. When I told him, I went with my fiancé in searching and buying the ring, he followed up if the process lost the surprise element and the romanticism (since he was considering then to propose to his girlfriend, and wanted to get a lady’s perspective on the matter). Without a doubt, I said it was worth all worth it.

Though it took almost an exhaustive week for us, I told my friend it was a real bonding time for us, and I see our ring shopping as an exercise in mutual decision-making –and it involved money at that, and I’m just glad we agreed about it. It was bliss and for a job well done in finding my ring, my fiancé just asked for a kiss on the cheek, which I gladly gave: Not only we’re happy with the purchase, but also buying the engagement ring gave us an idea how are we going to fix on more “couple” matters in the near future.

Thursday, January 17, 2008

Article - 5 franchising myths

5 franchising myths
From content sharing of inquirer.net and MoneySense


By Lynda C. Corpuz
MoneySense
First Posted 09:01am (Mla time) 01/14/2008

Rommel Juan, president of novel Filipino food fare Binalot, says the easiest way to get into business nowadays is through a franchise. “The success rate of a franchise is higher than starting your own, considering the estimated 85% closure rate of start-ups,” he cites.

Compared to a startup, a franchise already has a brand, customer loyalty, and systems in place. Pacita U. Juan, president and CEO of Figaro Coffee Systems, Inc. encourages people to get into business through franchising: “When you get extra money or a windfall, get a business. You can be a full-time employee or you can be a part-time employee and full-time entrepreneur through franchising.”

Despite the advantages, however, there are also myths surrounding franchising. Here’s what you can do to ensure your success:

Myth #1: Bigger is better. Sure, bigger companies have stronger marketing and more sophisticated systems. But there are smaller franchisers in the market who provide more “tender loving care” to their franchisees.

Myth #2: Cheaper is better. You might get tempted to buy the first franchise you can afford. But be wary of little-known franchisers. “Ilan na ba `yung tindahan nila? Mayroon na ba silang commissary? Ilan na ba `yung franchisees nila? And be wary of scam artists. Many try to sell you concepts that are too good to be true,” Rommel (also the PRO of the Association of Filipino Franchisers, Inc. [AFFI]) cautions. To make sure you don’t get scammed by fly-by-night operators, check the members of organizations like AFFI (caters mainly to local businesses) and the Philippine Franchise Association (addresses both homegrown and foreign businesses).

Myth #3: Waiting is better. Dare to be the first franchisee in a system – that is, after your thorough research shows your prospective franchiser is established and reputable enough. There are quite a number of companies with a long track record of success in the market but have just started to open their business to franchising. Consider them.

Myth #4: A franchise makes it easy to get financing. Generally, lenders are more likely to finance franchises than unknown startups, but they won’t necessarily believe in you or the franchise you choose. With that, Rommel suggests that if you have minimal capital, tap your family and friends, or approach institutions known to help small businesses like Small Business Corporation and Planters Development Bank. “If you’re starting with a small fund, better prepare to lose it. There are many ways to tap funds basta, babayaran mo sila pagkatapos,” Rommel ends.

Myth #5: A franchise always spells success. A franchise’s success rate goes up to 95%, according to the US Department of Commerce, but a franchise alone will not instantly ring your cash register. Any venture involves risks, so work together with your franchiser to increase your chances of success. “We really screen our applicants. “Hindi dahil may pera ka, puwede ka na mag-franchise. You should have the passion. Gauging the success rate of franchises, as expected, those who are more focused are more successful,” Rommel cites.


This article is from MoneySense, the country’s first and only personal finance magazine. Visit www.moneysense.com.ph for more.

Friday, January 04, 2008

I was tempted...

...to take this test. And wow - I'm a "saint." Meaning I can go to heaven because of this test result? :-)






Take this test!


Yes, it's true, you are a living Saint. Where you come from and how you do it, we're not sure. But, we can confidently tell you that you're highly evolved when it comes to resisting earthly temptations!


Unlike most of us, you probably eat only when you're hungry, buy only what you need, and "lying" is certainly not part of your repertoire. And if you ever come face-to-face with a fleeting temptation, you're one of those people who can dismiss it quite easily and get on with the rest of your disciplined, good-hearted, well-intentioned day. The more people like you in the world, the better it will be — (and the more cookies for the rest of us!).





I like to think though the result speak mostly of what I value, especially for the most part of my adult life: That is, to be honest, as much as possible, in all my doings, to myself, and to those who trust me.

Temptations are there, yes, but somehow, they never saw and don't see me at all, haha. Most of the time, I didn't or don't bother to take any of them - only when I'm being nosy though.

There are good, there are bad temptations (depends on how you view them). Overall, I think - though not generally easy to do - if you know what you what and satisfied, even blessed, with what you have, then you can resist most, if not, all the temptations that will come your way.

I speak vaguely, but I hope I get the message across. :-)

Oh! This test is one temptation that I wasn't able to resist though :-) Going back to my readings now.

Tuesday, January 01, 2008

Welcome 2008

Praying has been my way to bid good bye the old year and welcome the new one.

While a variant of fireworks lit the evening sky and cool monsoon breezed with 2008 revelry, I thanked God for my 2007 and prayed that my 2008 will be:

2007: Taking care of my mommy and my brothers, and for us surviving another year of occasional family misunderstanding, financial stretches, and sickness bouts

2008: Help me become a more responsible daughter and sister


video
My 27th birthday cake for the family


2007: Hurdling the challenges I faced in my career, continuing to write, having mentors who both criticize and encourage me to further my craft, and getting opportunities that not only adding to my income but also honing my talent
2008: Hone my craft and continue to improve it to prepare myself for opportunities elsewhere and tap more more worthy breaks for career development and additional income
2007: Helping me to become financially-savvy

2008: Improve my finances through careful spending and continuous saving

2007: Advancing myself through graduate education and realizing there is better academic opportunity for me elsewhere
2008: Exit gracefully from my graduate studies, as I pursue, in the near future, an opportunity to academically further myself abroad
2007: Spending, even short and spontaneous, but quality time with my friends for life

2008: Have more quality time with my friends for life


Coffee after La Naval 2007

Our Halloween party

Happy with Jayme, the December bride

Bonding at Tagaytay

Coffee treat from our UST Varsitarian adviser, Sir Lito (seated, seventh from left)

2007: Giving me the gift of love, and that's Robin, the only man I love and will always love
2008: Improve to be a better, caring, loving, and understanding fiancee to my "mahal", as Robin and I walk the path to a married life, and 2008 will be the start for us, together

My "mahal" is still handsome even if he's not facing the camera :-)

Us at Varsi amihan's Halloween party

2007: Achieving relative peace and stability for my country

2008: Pray, and work in my own little way, for my country's further stability, and of course, world peace
= = = = =

2008 is a leap year, though I have an extra day to fulfill all these endeavors, I will not be lax in achieving all these, so I'm starting now.

Blessed New Year to all!!!