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Posts Tagged ‘finance’

Certainly, the financial problems often becomes the main cause of the destruction of relationships. In a dispute that occurred in the family, money often becomes the trigger. The location of the problem, among them due to lack of communication, and lack of proper financial planning.
Barton Goldsmith, psychotherapist and author of Emotional Fitness for Intimacy, said the financial problems become the number one cause of divorce. “If you do not master the language of compromise, is easy once the relationship is disturbed,” he said.
To be able to plan finances well, you would need first to discuss about finances with your partner, parent, or child. What should be considered?
1. Journal of expenditure.
You and your partner need to discuss the financial outlay. For what your money is used, this is the main issue.
According to Goldsmith, each couple must discuss this issue, even if you feel fine finance and control. The purpose of the financial control of them regularly so that you can analyze whether to make changes in priorities.
How to undergo this kind of financial control is to keep a journal of personal and household expenditure. You and your partner need to make this journal respectively. Benefits, at the end of the month you and your partner can evaluate the financial condition. This journal helps you to stay within a stable financial condition. At the same time can also see, whether there should be a reduced expenditure or increase savings.
2. The division of tasks.
Living in pairs need compromise and cooperation. Included in the shared role in financial matters. Conflict is inevitable in the presence of a clear division of tasks. That way, you can avoid the unpleasant situation that a source of dispute. Like, one party feels burdened because they have to take care of everything alone.
How, make a list of obligations related to household needs. Start buying gas for cooking until the electric bill. Share the role of who pays what. To undergo this task, perform monthly meeting. When talking about money, you can not underestimate.
3. Pension fund.
You and your partner may have already occurred or even already has a pension fund from the company. Has this pension fund, however well planned and capable of meeting the needs both of you later?
Talk about this pension fund with a partner. If you feel the need to invest together to prepare for retirement, looking for solutions together. If you do need the help of financial planning, financial planners start looking for services that you agree with the couple. Uncertain economic conditions require that you and your partner ready for any situation.
“Engagement with the financial planner provides another advantage, because it can provide more objective advice, ‘clear Goldsmith.
4. Investment plan.
Variety of investment options may be tempting for you and your partner, is associated with more optimal financial planning for the future.
The right time to talk about investing is when the end of the year, said Goldsmith. At the time this is the one usually re-evaluate their financial condition. To select investments, make sure you and your partner are equipped with appropriate information. With the right information, you can measure investment risk and financial capability.
To unify the views about investment, you and your partner need to have the same perspective. That any financial plan that will be made or executed, the sustainability of the relationship above all else. So make sure you and your partner is fully forward the relationship of any disagreements or concerns to invest.
5. Buying gadgets for children.
Increasingly sophisticated technology. More and more products are offered and seductive, even for children. Mobile, iPad, and others, it was as a premiere and not a tertiary needs anymore. As a parent you need to discuss the nature of the consumer to children. Shopping stuff like this certainly was not financial concerns?
Parents need to give an understanding to the child about the priority needs. What is important and not to have them. That way kids can pick their needs.
Be open, because the children also need to understand the parents’ financial condition. Give a copy to the child’s household budget. Children learn about financial management of these ways.
6. Credit cards for kids.
Children under 18 years, while in junior high or high school, may require a credit card. But if you feel the need to give credit cards to children, teach how to use a wise first. Just lend your credit card, then evaluate what your child is using it.
By Jennifer Austin Leigh, PsyD, a psychologist and family counselor in Ney York, parents need to provide restrictions. Begin the use of credit with a small limit. If the child is capable of accountable, add higher.
“If parents give high credit limit from the beginning, you are being taught to the child’s failure,” said Leigh. Give a complete understanding about credit cards, from how to use, responsibilities, and risks.
7. Children’s education expenses.
You and your partner need to discuss the cost of education since the child was born, said Kalman A. Chany, founder of Campus Consultants. Start saving or consider a number of financial planning related to children’s education expenses.
First step, do the investment. Choose the type of investment that is most comfortable and fit your abilities. If you do not feel confident with the decision together with a partner, find a financial planner to help you make the decision.
Involve your child as well as will discuss the cost of college. By college, children are better able to understand the parents’ financial condition. Encourage children to talk about the family’s financial situation, and discuss options following university costs. Discussion of this important open like parents do with children, in order to create mutual agreement.
8. Help finance the parents.
Your parents may have set up pension funds, but whether it has been self-sufficient in old age? Not a few children, though already married, keep a financial contribution to her parents. Research from the Pew Research Center in Washington DC showed 30 percent of children in adolescence contribute to the financial parents.
As a child, you can discuss a financial contribution to parents with other siblings. Generally, parents do not want to bother their children and are reluctant to discuss its financial difficulties. We recommend that you ask the oldest brother to convey the family’s financial plan to help parents. If you are married, the financial contribution for the parents also need to be agreed with the couple.
9. Health insurance for parents.
Do not wait until parents aged 50-60 years, then you consider to make health insurance for them. Prepare health insurance for parents as soon as possible, so you have no reservations when a parent when ill.
Expand the appropriate information before selecting a long-term health insurance products. Give understanding to parents about the benefits of this insurance. Because they do not necessarily feel the need to purchase an insurance product, or because it did not want to bother her. Give examples of cases of family or friends who struggle to pay health costs without insurance. Then ask your parents to talk about the choice of insurance products that you find out in advance.
10. Financial guardian.
In an emergency, who can you trust to take care of your finances? Likewise with your parents. When he was growing older, to whom financial decisions will be delivered?
Talk to your parents about this family’s financial guardian. If you feel more just to hire a lawyer, make a family agreement. Or if you feel comfortable with family, point to one of the most trusted to manage the family finances.
This talk is not about heritage. However, more to the preparation of the financial management of the family is more restrained. By talking about since the beginning, you and your family to walk on mutual agreement about the family finances, with more comfortable and well planned.

There is no single person who wanted greater financial condition than revenue expenditure. However, no single person can ensure that its financial condition would be fine. In fact, somebody who experienced an increase in income each year its financial condition will not necessarily be better. Why? Because the amount of increase in spending could be greater than the increase in revenue. Therefore, the key word to stabilize financial conditions, or even make it better, is the expenditure or cost.

Cost, can essentially be divided into two, namely the cost to finance something that is a must have and the costs that are nice to have. In reality, many people find it difficult to distinguish both these costs. For example, to meet the primary needs, like clothing, food, and shelter. At first glance, the fulfillment of these needs are all costs that are a must have. Though not the case.

Clothing, for example, that each person must cover his body with clothing is a necessity. However, what brand of clothing that will be purchased and at what price is not demand but desire, and it pertained nice to have. In summary, controlling the cost of actual expenditure is how to understand the characteristics of the costs which are the must have and nice to have. How concretely? Must have more function of an item. For example the vehicle, someone needs a vehicle as a means of transportation. However, whether such vehicles should be high-priced, European-made, shaped luxury sedans, and so forth, it is nice to have.

The next step, first, make sure all the costs you spend on a plan. If you want your financial condition is not included in the condition “greater than the pivot pole”, then the discipline in a plan and execute it is absolutely essential. Planning expenditures that could be annual, monthly, and weekly. Create a detailed needs of your spending. Then meditate on each item first, whether the spending plans were a necessity or simply the desire.

Plan
Second, review the spending plan before implementation. Say all the spending plans already made is believed to be based on something that is must have. Is the problem over? Not yet. Check before implementation. That is, at the time of execution, may be items that would be funded were not a need anymore. What for example? In June, you’re planning to buy new shoes. Apparently, the shoes you have are still good. Purchase new shoes would no longer be required.

Third, innovate for costs to be issued. Innovation cost far more strategic than the two things mentioned above. How does that mean? A simple example, you allocate the funds to pay for transportation to the office, for example, to buy gasoline. This is indeed necessary.

However, do you ever think that the cost of petrol vehicles do not always have to be borne alone? How come? Very able. If you live in the complex, you can actually invite the neighbors to get together to ride your vehicle to the office. Then for the cost of petrol is borne along. Maybe you feel ashamed for doing it. However, try to use rationality. Or if you do not want to use these ways, can vote the opposite way, ie, you are riding your neighbor’s vehicle. If you do this three times a week, calculate how much savings that can be done in a year.

Innovation costs can also be done in other contexts, let alone the needs of secondary or tertiary in nature, such as travel. Currently, nearly all of the needs of tourism. However, not all people are able to plan and finance travel well. For example, buying a plane ticket before departure. Clearly, ticket prices will be very expensive. In fact, the plane ticket let alone the promo can be very cheap if bought in advance.

That innovation costs in the context set of expenditures. Even more sophisticated is that if innovation costs can be applied in all settings of your assets. One example is if you have unproductive assets. Do you have more than one house. Houses that do not you live in is the cost. Because you have to bear the cost of electricity, water, maintenance, and others. To be home is not a burden; it must be productive, such as rent, so he became a source of revenue.

In order condition is greater than the revenue expenditure can be avoided, then the entire expenditure plans items that have been made to do a review, whether there is room to apply the innovation in it. The simplest is your monthly spending plan, whether in monthly shopping frequency is more suitable and efficient than, for example, spending per bi-monthly, or shopping through the orders.

Thus, the true cost of innovation is not just in the context of items to be purchased, but also in terms of buying procedures. Another example, shopping at the time of season sale could be categorized as innovation costs, all items purchased is indeed a necessity. So it was not because of emotional factors. Good luck.

1. Introduction and Assessment

Do the introduction and exploration of the environment on a small scale, such as the type of food / cake what will be offered and liked the environment, the current trend is a popular food because the seller usually follow the market taste. Many of the early steps starting from a wide range of food, until finally there was only one type of food at the market appetite enjoy doing, such as independent case, Amanda steamed brownies and so forth.

2. Must Delicious

After the market appetite we hold, the next step is the quality of taste. Do not hesitate to do some experiments in order to taste the food you keep awake, surely it can not be separated from good quality raw materials.

3. Interesting Views

Taste delicious and tasty but unattractive appearance also inhibits lho customer purchasing power. Remember, the customer before buying would be seen from the first appearance, no matter how tasty food if bad how the presentation would have been fatal.

4. Service

Customers are king. yes, it is not just a slogan only. Maybe between us never buy food / cake is delicious but bad service! Do not count on customers coming back. Therefore give the best service you have. Many ways, among others, the quality, taste, cleanliness, delivery on time, show a sympathetic attitude, a friendly greeting, a smile sincere. This is a business law in interacting with customers.

5. Do Campaign

To promote a wide variety of food / cake. Starting from disseminating brochures, business cards, giving free samples to try and one that is very influential
word of mouth promotion. Testimony was extremely effective. But if without the support of brochures, business cards and so forth do not necessarily reflect the professionalism of good business.

6. Finance

Income and expenditure in managing the business of food / cake can be done in various ways, ranging from the most conventional way is the note in the book / agenda and with the bookkeeping in a way that is sophisticated computer systems. The basic remain the same good record income and expenditure and do not mix personal finances with your business governance.

Persistence and the ability to see opportunity in an entrepreneurial character representing that need to be grown from the outset. Especially to adolescents, to be ready to enter the next era. Chance to continue higher education do not possess all of the young. Therefore, the spirit of entrepreneurship needs to be built since high school.

Entrepreneurs build not just talking about access to finance. Entrepreneurial spirit and character need to be built early, though later applications through a variety of ways besides being a businessperson or social entrepreneur, for example.

Have the tenacity, ready to face challenges, smart in the circumstances and opportunities, creatively, to think more open and less compartmentalized compartmentalized, or think out of the box, are some of the most prominent entrepreneurial character. Anyone can have an entrepreneurial character like this.

Education of entrepreneur which is part of the CSF program concept was built 20 years ago in America and adapted in each country. In Indonesia, activities that focus on education was held since eight years ago to build a robust entrepreneurial character.

Soul or character of entrepreneurship needed because the world continues to grow. In the era of globalization in the future, young children need to have the entrepreneurial spirit like this.