Financial Problems
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.
Healthy Financial Habits
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!
Saving Tips For Low Earning
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 .
Investigate Financial Habits of Men Before Marriage
Investigate Financial Habits of Men Before Marriage,
I think we pretty stressed about work and bills the bank account. Unfortunately, the financial problem was not just attack you, but also the relationship with your partner.
Relationships also subject to the impact of less favorable economic conditions. If you are not a conglomerate of children, may not always be filled out with dinner at a fancy restaurant, a holiday to Bali, or buy him the expensive diamonds.
How difficult economic circumstances affect the relationship?
When people are afraid of losing jobs or money, it can cause a large amount of tension and strife. Spending habits-something as simple as a date at a restaurant, can sharpen the arguments of each side.
So, how do couples get past the problem without breaking the bond?
Take advantage of this condition as an opportunity to find out how your male partner to deal with money. There are four things you should investigate as a major consideration when deciding to marry him.
First, how much he used to save money in the bank?, Second, whether he tends to shoppers splurge?, Third, whether he’s responsible enough in holding the money?, And fourth, how to pay any bills?.
Is there something to be sought out in the dating process?
Credit card debt is a legitimate thing to ask. You certainly do not want a relationship with a blind which was at risk of destroying the contents of your own credit card. But, do not mention this problem in the first date, second or third. You can begin to raise this subject after the third date.
What is your advice to women who have better financial condition than their lover?
Supposedly, you are sensitive to self and selfishness side of him. In order not to humble his pride, let him be paid expenses for a date. Men will feel little if you always pay for dates.
What if the opposite is true?
Ladies, you do not always rely and expect the lovers who will pay all dating expenses.
Do men have to pay for a first date?
Yes.
Is it permissible to lend money on a girlfriend?
If you love her, yes.
What about joint accounts?
There’s a good idea to have two accounts. One account for the joint, and another one for your own account.
Credit Card Debt Freedom Tips Part II
tips free of credit card debt:
- If possible, do the payment of outstanding credit card bill as a whole on the interest-free period.
- Use cash as a means of payment if possible.
- Reduce, avoid using credit cards unless you can pay the bills paid in interest-free period.
- The use of credit cards should not exceed the credit limit / over limit, except for credit card holders can pay it off in the short term or immediate.
- Should not expect or rely on credit cards second and third will be able to solve the problem of credit card.
- Avoid using credit cards for cash advance / cash withdrawal, upon consideration of the interest expense.
- We recommend that you consider the direct payment of bills charged to credit card, for more controlled spending.
Credit Card Debt Freedom Tips
The use of credit cards can help and facilitate the user in the transaction either to shop or pay other bills such as insurance billing, mobile phone credit bills or other bills that allow to be transferred to the credit card bills.
However, the excessive use of credit cards is limited incomes it will cause financial difficulties / debt. It’s good for credit card users with limited income can read tips free of credit card debt:
- If possible, do the payment of outstanding credit card bill as a whole on the interest-free period.
- Use cash as a means of payment if possible.
- Reduce, avoid using credit cards unless you can pay the bills paid in interest-free period.