Preparation Of Draft Budgeting
Have you already started doing financial record-keeping as I described in a previous post titled Custom noted, the basic foundation of financial planning. If Yes, let’s open the notes. Pay attention to anything that you buy over the last few months and have observed a pattern is emerging. Is there a particular pattern there? If Yes, you’ve been easily know what are the types of expenses and income that You routinely do.
In general budgeting for families consisting of expenditure as follows:
Do you have a home loan, car loan, or other? Determine how much you have to spend on each debt.
As a devout Muslim and want of cleanliness within the property. You can calculate whether obligatory are included or not and . If not, it is feared part of the treasures that should be issued can be eaten by you thus reducing
If you also are a backbone of the families that helped parents or other family, budgetary spending for it so regularly you can help the people you loved.
The rest depends on Your ability and willingness to remove it as infak or sadaqah.
The second post after debt is savings. In order to be safe, budgetary savings at the beginning and consider as expenditure. Thus, you will not feel the weight to do so. Do not save from the rest of the budget available for likely no rest.
Including savings here is something that you prepare for the future such as: educational savings accounts, an emergency fund, and others.
The main problem is that there’s always a family usually revolved around finance. Could be due to lack of money, the excess money or because of the confused how to arrange the money his earnings while always needs exceed intake.
But it’s all Word of mouth key is how to manage the family’s finance or personal with intelligent, meticulous and well. Due to financial problems set regardless of you people are poor, medium or rich. Because anyone can manage his family’s finances, then it can be said to be 50% of their already successful and unsuccessful in terms of financials.
To that end on the inscription this time we will divide one of the tips are taken from one of the endorser My Family Accounting Mr. Ahmad Gozali. As for he gave a tip and tips how to make a successful family in organizing his family finances. As for the secret to success is by performing the following steps in order and discipline, namely:
Each time receiving the salary of the player who most of all you have to do first is to pay the mortgage debt first. Why? Because of the debt is the most important obligations that must fulfill to the other party is from banks and other financial institutions. Because the discipline you are paying in installments and ratings are a reflection of your good name in their eyes. Once You pay the late your name will be entered in the list that should look out for black later. So keep the good name as a debtor is very important here, because it would be useful later on in the future. In addition it is with this installment, prioritizing pay means we already appreciate the creditors we were kind enough to lend money to us.
After paying their mortgage debt, then you’re doing is the tithe or make a donation. Yes this is one of the proof of our gratitude to Allah, the Almighty God who has given the gift of luck to all of us, so that we can do everyday economic activities smoothly without drawbacks. By allocating special funds to tithe was then it surely Allah will increasingly add grace and abundant sustenance to us. Do we want more and received by The Creator and giver of Sustenance we?
After the tithe what else ya? Next are not equally important is set aside at least 10% of your income for savings/investment. Wow, a why front of you? Instead of just saving it at the end of alias if there’s any left over? that’s one of our bad habits with the wait if there’s any remaining money in the end of the month, when in reality it is almost always no remaining right? That means we’re never going to be saving. Well, now the trend is a good habit of saving and in front, with a cut right off every time it receives a salary/income. For more information about what and how this has been disciplined in saving we explain in a previous article entitled “Saving Tips For Low Earning .
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