Stop Five Bad Habits Finance

Diposting oleh pak yons on Minggu, 09 Desember 2012

Do you often wonder why the self is so difficult to maintain a financial budget in order not to deviate from the plan? Most likely, you make at least one of a number of financial management following error.

Check out a variety of financial bad habits as told by a number of financial experts below, the following solutions to resolve the issue:

The budget is too tight
Such diets are too strict, too strict financial budgeting can also cause you is 'cheating.' Begin by cutting the budget just in one area. Clarky Davis debt management experts advise to look for ways to cut spending monthly needs.

For example, by replacing branded goods with similar goods produced supermarket - which is usually cheaper. After feeling comfortable with the new routine supermarket, you can begin to cut the budget in other areas.

Buy new stuff when there are other options
You do not have to always go to the store and shopping center when in need of clothes, handbags, shoes, or new pants. Because, there are other options available, namely a fashion swap with friends or acquaintances. In addition to saving the budget, this measure is also in line with the green movement is being touted.

Similarly, for books or movies, for example. Instead of buying, you can borrow at a library or rental center.

Do not have the basic knowledge of financial
What is not known can hurt you. Deana Arnett, a certified financial planner at Financial Planning Services in Manssas, Virginia, said many of his clients who are worried about their finances. If you do not know how to handle the debt or invest savings, and ignore it instead of taking action, it could jeopardize your finances.

Arnett advised to take a course in basic finance local high school, in order to provide a solid financial foundation for you. Or, broaden horizons diligently reading financial books.

Hoard money in savings

You are not maximizing income if all the money deposited in the bank account of the interest one percent or less. Have enough cash to cover the cost of living is important. But, you also have to invest in order to maximize earnings.

'' People are focused on short-term survival when they have to think about the long-term success,'' says Steve Siebold, author of "How Rich People Think. ' In fact, even the most conservative investments can give better results than a savings account from time to time.

But, prepare yourself for a storm if the market deteriorates, and do not invest all savings. If you are not sure about the best way to allocate assets, talk to a certified financial planner.

Do not have a household budget

You and your partner will tend to fight a lot of money if it does not have clear rules about saving and spending. Having a household budget to help you make a better plan, says Cathi Brese Doebler, author of "Ditch the Joneses, Discover Your Family." Sit down and negotiate with a partner to make a deal on spending goals - such as buying a house or movbil - and saving strategies.

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