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Posts Tagged ‘5 Ways in Managing Money’

When considering a job offer, you must also take into account the salaries of factors before making a decision. A dream job can immediately lose its charm, if the compensation offered by the company can not make ends meet.

Amid the growing needs of life from time to time, a lot of things you should think about starting from the cost of rent or mortgage, monthly bills of electricity, water, and telephone, until the cost of meals and various other expenses. For those of you who are married, living expenses per month certainly much larger.

On the other hand, a job which you worked really well keep hidden expenses that must be taken into account. Anything?

1. Clothing
Regardless of whether you should be wearing a blazer or semi-formal clothing to the office, work clothes need not cost you a bit and must be replaced periodically. In addition, an expensive suit that you buy may also require extra care and should be taken to the laundry to be washed. However, all it requires funds that are not small.

2. Transportation
Unless you travel to work by foot, go to work need money for transportation costs. Public transport may be cheaper than bringing a personal vehicle. But, you are forced to sacrifice more time to arrive at the office because of it.

If bring their own vehicle, you not only have to consider the fuel costs incurred, but also the cost of vehicle maintenance up to a toll ticket.

3. Eat
One of the easiest ways to save money during the work day is to bring their own lunches. However, it is often difficult to say no to colleagues or colleagues to enjoy lunch outside. That means, there are a number of other extra money should be spent.

4. Nanny
If you have a dual role as mother and career woman, one of the other expenses that must be considered is the cost of babysitters. If no parents, family members, or others who can be trusted as a place to leave baby, way out which might be taken is to find a nanny to care for children while you work.

5. Helper
Working at least eight hours a day may be too drained of energy, and does not leave much time for you to manage at home. Hire a housekeeper to clean the house, washing, and cooking does make everything easier affair. But it certainly does not come for free. You also must set aside part of your monthly budget for salary.

Regardless of your job, and regardless of income every month, should be managed better to avoid a deficit. Management and proper financial planning will give the solution of financial problems. Including developing self-sufficiency, particularly for women heads of households. Often deny women could never spare the money. Including to save let alone invest. Though, by reducing the consumption of goods that are less important, such as jewelry or clothing different variations of the model and color, women can set aside Rp 300,000 each month. By leaving money USD $ 300 000 only, women can save money, have insurance or other investment.

Five stages that can be started women in managing finances:

1. Paying off debt
Although financial management already cluttered, not too late to fix it. Especially if you have the amount payable for patchwork. Start setting aside money from revenue to pay debt. However the debt to your obligations. Unpaid debt will gradually destroy your credibility. Your reputation is at stake if the liability (debt) still not settled. Allocate a maximum of 30 percent from a month to pay salaries or debt repayments.

2. Save
Convince yourself that regardless of the value of income, so could be set aside for saving. Allocate funds 10-20 percent of income for savings. To be able to carry out this plan, limit consumption. Women often tempted by any of the goods purchased are actually not too important. In fact, sometimes only carry the influence of friends or a trend. Begin firmly to yourself, by making the priority needs of a much more important.

3. Emergency Fund
Prepare also a reserve fund as an emergency fund. There will always be unforeseen needs, such as serious illness and should be treated. Hospitals need not cost a bit right? Start setting aside funds amounting to five percent of monthly income. Prepare emergency fund to six months ahead. As a precaution, make a special passive account for emergency funds, or acting as a savings. Separate accounts are passively activated from the special account for everyday needs.

4. Insurance
After deducting monthly demand, pay the debt, saving, and preparation of emergency funds, the remaining income can be used to purchase insurance.

Polar life insurance for the head of the family. Anyone who has become the backbone of the family, woman or man, should have life insurance, because if anything happens to the head of the family, family life can still walk and pay of insurance for a specified time.

In addition to life insurance, other insurance types that can also be given priority among health insurance. Also insured property, let alone used to do business, such as kiosks or stores.

5. Investment
Set aside money for investment, should be performed after the above obligation is fulfilled. The simple shapes, if you have more funds, invest your money in gold. But should be careful when investing gold, notice and understand the value of sales and quality.

Allocating money for investments can be taken from other revenue sources as bonus, inheritance, or other income outside the main income. Many kinds of investments, the risk varies, as well as with its investment in the future. Should identify more carefully before selecting an investment product.

If all five of this obligation has been fulfilled, monitor expenditure and adjust the plan that has been built. Disciplined use the money to be key to the success of financial management.