Financial planning early on required each family. This holds true both for young couples as well as married couples for more than 20 years. Make a good plan will help to use funds wisely according to the level of requirements.
Family financial planning doesn’t have to be complicated. You may just have the planning details and neat, but sometimes simple is also planning to succeed.
The following 3 basic principles you need to grasp in making the permanence family:
1. Shopping is less than income
This is the first law obligatory obeyed. Very simple but often violated. Never spending more than your income. Major problems in family finance starting from breaking this. This happens when You spend something it really isn’t you have.
When you start shopping is greater than income, buying goods exceeds capability, then the financial catastrophe began. You will begin to make a hole that continuously deeper. And far more difficult to attempt to get out of the hole rather than try to avoid it at the first opportunity.
So, shopping wisely, don’t exceed income. You will live happier, at home and in the workplace.
2. avoid debt
Frankly the debts so tempting. What can’t you buy can now also owned by debt. But keep in mind, the debt will make you miserable especially if it turns out not to have the ability to restore it.
Thus, is it possible to live without debt? Of course it is possible. If you run the first principle shopping less than income, then you don’t have to owe. Hold all desire to buy something unless you already have the ability.
This way you will learn to conduct only have something if indeed have the capability. Or if you are coveting a neighbor’s things, tabulation on a regular basis until you are able to buy what you want without having to owe.
3. the simple life
Whether it’s a simple life? Whether living with no home or vehicle? In my view, a simple life means living as needed. Not to be all that you want it to be bought. Life according to your needs and for benefits to others in need. This is the living to give meaning.
Simple life could be different for each family. If you are very rich, so the ends meet it’s self with one or two vehicles only. Not necessarily collect all Your vehicle to show your ability.
If you live with financial limitations, thankful for what there is and there lived a potluck. If you don’t have money, there lived without it. Anyway, the world will not be the Apocalypse because of it. You don’t have to have the latest mobile phone, laptop, iPad, watch movies or eating in the restaurant. There are many ways to find bliss in simplicity. Discover how to enjoy the fun with your family at no cost.
Previously I have discussed that making financial planning that’s actually easy if you attempt to try and run it. As for which is the basis of all planning is the habit of doing the recording.
Next, we can arrange finance family planning or budget and monitor its implementation.
At this time, I’ll discuss how to put together a budget for your family or personal finances.
For you who are not familiar with the term economics or accounting, budgeting for financial planning said the family feels it is too much. Isn’t it necessary for budgeting financial planning country such as drafting BUDGET? Or budgeting a minimum required by the company to predict profit and loss in the coming years?
True, the budget that I am referring to more or less as it is. The difference is this time we will be drafting the budget for family finances. In a simple budgeting is the process of compiling the budget, both the funding that goes and comes out. More specific related financial planning budgeting is the process of family, arrange and plan how much revenue you generate in a specific time period, and how many expenses to be spent over the same period. With budgeting, you can see whether the current financial surplus, breakeven, or minuses. The good news is: with budgeting, at least the conditions imposed in order that you can at least break even.
Financial problems are commonly experienced by young families, especially in the first years of living the life Not to mention the little one soon comes in the midst of you and your partner. Is it true that the problem lies from family income?
“Often the problem is not located on the income is less, but the habit is wrong in managing the money,” expert financial in a some time ago. It turns out, in fact, a father who earn hundreds of millions of dollars could be experiencing shock when finding the money to stay at $ 500 before the end of the month.
Linage give some keys to managing their finances are simple:
- Understand your family’s financial portfolio. Do not let You do not know the contents of the savings, the number of utility bills, telephone, car services, shopping, doctor’s check fee, and others. You should know how much credit card debt, bank loan or mortgage the House and car.
- Arrange financial plan or budget. Realistic financial plan helps you be objective about the excessive spending. No need to be too ideal, so forget the needs of yourself. There is no harm in putting the needs of go to the salon, spa or clubbing. An important, realistic amounts and you must comply with the budget.
- think more thoroughly understanding between “need” and “want”. Oftentimes we are spending money for things that are not too important or just driven desire, not a necessity. Make a list in the form of a table consisting of columns for item shopping, needs and desires. After filling the item column, fill in the column “shopping needs” and “wants” with a check mark (V). From here consider with more mature, objects or things you need to buy/fill it or not.
The temptation to consumerist life. But it’s not that easy you purchase various items for credit. Grow a garden healthy financial habits starts from simple, as it does not have debts of consumerist.
- minimize the consumptive spending. Meet old friends to exchange ideas in the cafes sometimes indeed necessary, but does not mean you should do it on every Friday afternoon. You can use this to save expenses or meet the needs of others.
- set goals or financial goals. Arrange financial targets that you want to reach on a regular basis, together with a partner. Set specific goals, realistic, measurable and within the specified period. These goals help you focus more designing financial. For example, aspire to have international standards for preschool education fund and so forth.
- saving, saving, saving. Change habits and mindset. Soon after receiving a salary, set aside for savings in the amount of days you plan appropriate goals or financial goals of your family. Preferably, you have a separate account for savings and daily needs.
- Invest! Of course You will not be satisfied with just waiting for your savings soaring. Whereas your goals for the family “exorbitant”. This is a good time to also think of the investment. Now its messes. Fear of investment risk?! No need to worry, you just need to learn on the experts. Consult your finances with reliable financial experts!
Another example of financial innovation is to have as many assets consumptive than productive assets. Have you seen the merchant who lived in a Shop house, where the bottom floor is used for trade, while the upper floors used as a residence?
That is, a place of business and residential into one. In other words, the merchant houses are not just houses, but has become a productive asset that can generate money, aka the place to do business. What about you? Perhaps you have the house for more than one. And you do not live in the house every month instead drain your pockets because it must pay the cost of electricity and other maintenance costs. In fact, housing conditions continued to decline due to aging and so forth. Concretely, some houses you have not only not productive, but instead become a burden. Therefore, the house must underproduction, in the sense of providing an income, such as leased to another party.
In addition to the house, try to see again those resources you have. Pay attention to whether the asset is an asset just as consumptive, or a mere tool to maintain prestige, or is quite productive. If you have gold jewelry whose value increases, the jewels belonging to the productive assets that can increase your wealth. So also with paintings whose value could be increased. In summary, productive assets are assets that have investment value.
Financial innovation can also be done by way of selection of appropriate investment. Understanding the right investment here is how to send your money “work” for you. So, money making money. How do I? Do the active investment.
Investment is active on a regular basis to select and evaluate investments that have been done. In capital markets, for example, some people buy stock, then keep holding it in a long time, with the hope of obtaining dividends and capital gains. It’s not wrong. However, in this period, could have held the stock price decline in price. Among those who hold these shares may not care or even sell it for fear that stock prices will further decline.
good debt or bad debt, they remain a burden to be paid, then any person should not be too easy for the debt. Well within the framework of Mother “brake” husband owes habit, Mother can help by inviting him to a mature consideration before deciding to debt. Some tips include:
1. Review the purpose of debt. think again 3-4 times, do not let emotion overcome common sense.
2. Calculate the first total family income and cash flow you both. Ideally, the amount of funds allocated to pay the mortgage debt not exceeding 30% of your total family income. Before you owe, check once again if there were any allocation of funds to pay for it?
3. Know your financing scheme-2, for example, of a loan or mortgage? Note the procedures and fees / interest charged.
4. Where the source of financing, whether individuals or institutions (banks, cooperatives, etc.).
5. Something that you financed with debt should be something that brings income to repay the mortgage debt. Do not let your debt burden the family income.
6. Consider the risks you face in debt, namely default risk because you lose your income or decrease the risk of collateral value, so no longer able to “cover up” the amount of debt remaining in default when
Have a guarantee of tomorrow for themselves and families in preparing for the unexpected things is the right solution for your future and your family can be well planned. But unfortunately prepare for the worst thing that has not become a habit for most people in the homeland. However, the occurrence of earthquakes in some areas many parties and they realize that it takes preparation to deal with it. Because that’s the reason for your present insurance products.
Insurance comes to comfort you and your beloved family life, arranging future financial plans and protect your valuable assets.
Benefits you can get when you have an insurance account:
1) Long-term investment with protection / complete protection, so that financial goals can be achieved
2) Protection of Potential Income or Economic Value your
3) Confirmation of the availability of Pension Funds
4) Certainty Education Fund availability for your baby without concern when there is a risk and inflation
5) Maintain your standard of living and family
Everyone has a dream and living standards are different. In order to realize a dream and achieve the desired standard of living, everyone is vying to accumulate wealth. However, did you ever think what will happen to their wealth and standard of living you and your family if there is a risk of unwanted …? This is where the benefits of protection / protection of the insurance will be felt valuable. Insurance will always help you and your family sustain or maintain your current standard of living when you run the risk that had never previously suspected. Remember the saying of our parents, “Stand Umbrella Before the Rain.”
Every human being should plan life possible, the risk transfer through insurance is one way that God has provided. “If God has provided a way, why do we want to run / own
To enable us to process your claim more efficiently, please provide as much information as possible regarding the circumstances of theft or loss. Failure to provide circumstances in full will delay your claim
All claims made on the policy are subject to an excess fee. This must be
enclosed with the claim form. We recommend payment is made by
credit/debit card, (please note, we do not accept Visa Electron, Maestro
International or AMEX ),but you can pay by postal order if you prefer.
Please make postal orders payable to Supercover Insurance Ltd.
Once your claim information has been received approval will take up to 48 hours. If any of the requested information, including your proof of purchase, is not sent, your claim will be delayed until such information has been supplied by
For reference program credit card:
1. Akki Checking.
2. SID Negative.
3. Income Adequacy applicant to meet debt obligations and needs.
4. Age period of less than credit card required.
5. Use credit cards exceed credit limit.
6. The number of credit application.
7. Credit history of applicant
8. Period of employment from the prospective applicant.
From the point above is very important so we can better maintain the credibility of the data themselves on credit history and others. This information is intended to help the circle of ignorance, so do not accidentally included in the category of the Black List or the other and thus difficult to relate to his credit.
At the time of submission of personal loan, the most annoying is when we again need and more – awaited the results, it turns out that comes even SMS or rejection letters ….. wah …!! plan would be used to pay for it so it paid off ….
For that perhaps this post can reduce disappointment ..!
To apply for a personal loan, in general terms, namely:
- With reference Slip salary.
- Reference credit card.
For submission with reference paycheck will take much longer process than credit card references.
Connecting from the previous topic about the rejected application or credit agreement which does not comply with the submission.