Hai dear,
Financial management is important. Each individual should be wise in this case no matter how the amount of money or assets that we have. Sometimes maybe we feel stressed when pronouncing or hear the word financial management. In fact, exercise is not difficult. I share 5 only tips that are easy to you use in financial management:
1) Save 10% of your income
Only 10% at least, need to be transferred to your savings account (Non Financial Account). Where the savings are ' reward ' to yourself after the toil of working every month. You have a 90% to be distributed as follows:
10% – free account (use for cutter/hobbies for example, travelling etc)
50% – Account Requirements (home, monthly expenses)
10% – an emergency Account, long-term
10% – educational account (fields)
10% – Grant Account (for example, to a parent or welfare)
By making such a distribution, it will help you set up a monthly budget.
2) have to pay the full amount of the use of credit cards every month
Not one of the credit card. Many facilities. No need to bring plenty of cash, more secure. But use it as you spend in cash for each month you have to pay the full amount, and avoid high interest costs for the remaining monthly payments when you pay the minimum amount only. The cost of these benefits is extremely expensive, can exceed 20%! But if you are smart, the savings can also be enjoyed with the use of a credit card.
3) set up a budget and make a list of monthly expenses
Once set up and make the distribution like tip # 1, can provide a more detailed budget. Through the budget, you will find there are surplus to put your financial free account. If there is no surplus, you can make changes to the level of monthly expenses such as reduce certain costs for example replace the packed outside by eating with family at home.
Last 4) list of goods before purchasing goods
Without providing a list of goods to be bought, chances are you will spend over 30-50% than necessary. Especially when buying essential items in ' hypermarket '. List of goods will help you more focused and save time. So SAVE MONEY + SAVE Time!
5) talk to your spouse about finances
For those who have families, I highly recommend always talk with your spouse about money management. This is very important so that each understand the financial position and can implement the appropriate strategy to improve financial situation towards the better.
Thank to read..
