Four Tips Manage Financial

Diposting oleh pak yons on Rabu, 02 Januari 2013

KNOWLEDGE good way to manage financially certainly very necessary for every person to ensure quality of life. If it is not appropriate to set out and the flow of money, it is not likely we will be caught in the trap of financial turmoil.

Therefore, there is no harm in continuing to learn to make the right decisions in managing finances. Here are some lessons that you can look at to avoid the mistakes that occurred in the financial sector:

1. Lifestyle
Learn to adjust your lifestyle that you live with the income they have. Do not be easily influenced to spend money on things that are not too crucial, like going on vacation every weekend or applying for a loan to buy a new car.

If you are gasping for breath by the end meet every month, so it's good start to tighten their belts by cutting many unnecessary expenditures. For example, if your need for coffee and hang out can not be stopped but you are very dependent, as a first step you can try to reduce it.

In addition, create a financial budget to determine how much monthly income and expenses. Thus it easier to control and regulate the financial condition, thereby limiting what can and what can not be bought.

2. Debt
Saving money is very important and must be done to ensure the future. However, if you have credit card debt amount is very large, then you better give priority to pay off the debt first rather than saving. Therefore, interest rate credit cards are generally much higher than the interest rate on bank savings.

But, of course you should have an emergency savings fund to anticipate when something happens that is not expected. When saving an emergency fund sufficient numbers, then you can concentrate of their earnings to pay off debts.

3. Savings

Saving money in the bank it is the safest way to save money because there is no risk of loss, your records should selectively look good bank. However, that does not mean it's the best way to save your money. In addition to the growth of limited funds, the value is also becoming more days following the dip of the higher inflation rate.

According to Annabel Brodie Smith, communications director of the Association of Investment Companies, whether or not to save money by opening a savings account at a bank is entirely dependent on two things. First, your goal of saving. Second, how long you will be saving.

If you plan to save money over the next five to 10 years, then opened a savings account at a bank is the best option. However, if you have the time that is longer than 10 years before needing the money back, then play the stock to be a better choice because it is more profitable.

But, of course, this type of investment is not without risk. Because, you can just lose and lose some money. However, if done wisely and thoughtfully, for example by planting money not only in one place, then you can get better results without too gamble with fate.

4. Investment
Do not follow trends when they want to invest. Because when an investment becomes popular, it means time to sell. Before deciding to invest, the first thing to do is figure out what your goals are, how much to invest, and how severe the risks can be borne. You should also consider breaking investment into some fields in anticipation of a total loss.

Another thing to keep in mind, you must be committed in carrying out investments that have been, and do not easily panic when market prices fall so instantly liquefy investments.

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