No need to be a financial expert or an accountant first to be able to manage the money. You can, too. Even more okay!
Own income or not, the amount of money you receive each month must be managed wisely. Attitude wise as to what is right? The following five tips to help you manage your finances more carefully.
Active in every family's financial decisions.
Most of the women are responsible for household finances. Unfortunately, most of them it is not the decision maker in choosing the type of investment, retirement, and choosing insurance. Mothers can actually play an active role in any decisions related to family finances. Even if the mother still is not the decision maker, they can communicate the solution to every financial problem with a partner. Mom can make suggestions or ideas on future financial plans related to children's education, insurance, retirement, or a new policy on saving for a vacation. Importantly, the mother is not passive.
Find out about the investment.
Fear of women to invest, two times more than men. Thus the results of the survey Charles Schwab Corporation Foundation in San Francisco, USA. Women are generally less confident choosing how profitable investment. Learn different ways to invest easier than just imagine it. Today there are a variety of workshops, seminars and reading about how easy and profitable investing. There is also a question-and-answer section on investments in the media that the mother can use. Learning the ways of the investment is not time consuming. Provided that you are serious about listening, knowledge about investment you will get.
Save for save.
To start saving, do an inventory of the items need to facilitate the work. For example, a washing machine and a car you already have, then start to pay attention to the needs of the other smaller. For example, tape recorder, television or microwave. When all critical equipment needs are met, you can start saving. Savings can be started by doing some savings in expenditure. Redecorate the house, for example, does not need to be done every year. That way you can budget tube. Efficient use of electricity, water, telephone and internet can do. If you can save Rp. 50.000, - per month and saved, in one year you earn Rp. 600.000, - Twenty years later, the numbers are not small. Try to start saving now!
Thinking about retirement living expenses.
Now the high life expectancy allows humans to live to old age. If you are currently 25 years old, you have income earning age for 25 years. After retirement, where the cost of living for you? Of course you do not want to run into financial difficulties in the elderly. You are not recommended to use education funds be allocated to children living expenses in retirement. If you have a steady job that provides retirement, start calculating the amount of pension you will get later. When you earn is not sufficient for you, start setting aside funds for retirement.
Avoid debt.
Not a few families pay substantial expenses using a credit card. Unfortunately, most people are happy to rely on credit cards to buy anything, including the little things you never want to travel. For example, buy a friend a birthday present. As a result, the desire to buy something using a credit card is often out of control. 'Surprise' unpleasant when you are used to pay the bills, could be, the amount exceeds your balance. Avoid debt. Ensure use credit cards only for things that have no funds you allocate. For example, pay for hospital care or pay the cost of staying at the hotel while on vacation. Plan carefully any decision to buy something, and control the use of your credit card. Controlling the use of credit cards can be done by not changing desires into needs. That way you do not need to suddenly feel the need to spend.
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