Just like what we talked before, you could be a financial planner to control wisely your family finance without asked financial planner to help you. Make a simple financial planning by following these tips; avoid large expenditures than revenues, avoid a debt, and simple life. Another tips that you should try are; Fourth, Set a Budget.
To manage your finance not always have to ask help financial consultant. However, you can become a financial planner, manage your own family financial planning with the simple way. Split the money according to the needs of every month then put it into envelope, then your family finance will be more controlled. Next tips, Don’t delay paying the bills. Every family must have a bills, such as water, electricity, telephone, and many more.
Try to pay the bills when the bills arrived. Don’t let the bills pile up because it would be a trouble for your family especially when you didn’t have money. The last, Deal. Agreement in family financial planning is needed. Transparent in planning a family financial, husband and wife should know of each revenue. Determine whether only husband’s income used to finance all family needs or combine income both of you. So you can arrange a family financial planning by yourself without asked professional financial planner.
Try to implement those tips and try to break that.
Sunday, June 24, 2012
Tips of simple family financial planning (part 1)
Family financial planning is highly recommended, not only for the new family but for those already in pairs over 15 years. The current cost of living is expensive, for eat or drink, educational fee and healthy also. However whether your expenditure appropriate with your income? Everything must be managed well and wise. You set yourself as a financial planner to make your own family financial planning, composing a simple family financial planning. There are some tips for you who want to try to become a financial planner. First, Avoid large expenditures than revenues.
Your family will get problems if breaking it, you as the family financial planner should be wise. Try to buying based on need rather than desire, try to buy things that you really need. Second, Avoid a debt. Indebted to buy something you really want is so tempting. However, if you can't afford to pay the debt then it would be a big problem for the family. Hold the desire to buy things until you are able to buy without having to indebted. Thrid, Simple life.
A simple life is life which fit with needs. Be grateful for what you have today. Don't see the rich people because they who have a lot of money not always happy. But not always all rich people always squander money, there are still live with a simple life even though they have a lot of money. Lots of happiness can be found in the simplicity.
Your family will get problems if breaking it, you as the family financial planner should be wise. Try to buying based on need rather than desire, try to buy things that you really need. Second, Avoid a debt. Indebted to buy something you really want is so tempting. However, if you can't afford to pay the debt then it would be a big problem for the family. Hold the desire to buy things until you are able to buy without having to indebted. Thrid, Simple life.
A simple life is life which fit with needs. Be grateful for what you have today. Don't see the rich people because they who have a lot of money not always happy. But not always all rich people always squander money, there are still live with a simple life even though they have a lot of money. Lots of happiness can be found in the simplicity.
Financial Planning for Small & Medium Enterprise
Today there are many Small-Medium Enterprise (Usaha Kecil Menengah) that appears. The income of small-medium enterprises is quite promising than you have to be an employee. However, these promising earnings can be obtained from the good financial management. Sometimes in a small business, business financial mixed with personal financial and the revenue and expenditure not accounted only remember. It is so not good for a business, you will feel desperate when you really need money for your business even you can bankrupt if you still like that.
Therefore, financial planning in a small-medium enterprise is needed. With a good financial planning, the flow of funds will go well, controlled and easily to be evaluated. Financial planning for small-medium enterprises that have to do; first, you should separate business financial and personal financial. You are a financial planner in a business of your own, you must be disciplined with this if you want your business are going well. You can make separately savings for each, personal and business. Second, Cash Flow, watch the cash flow of your business. If the expense of sales minus the cost of production and other cost then the result is positive, so your business got profit. Third, you as a financial planner should try to save money for emergency fund, it would be very helpful in case of an emergency.
And the last is income protection (insurance). Protection of income or in other words the protection of entrepreneurs who became a source of family income is a thing that needs to be planned. That’s financial planning for a small-medium enterprise. As a financial planner you should be disciplined with what is already planned.
Therefore, financial planning in a small-medium enterprise is needed. With a good financial planning, the flow of funds will go well, controlled and easily to be evaluated. Financial planning for small-medium enterprises that have to do; first, you should separate business financial and personal financial. You are a financial planner in a business of your own, you must be disciplined with this if you want your business are going well. You can make separately savings for each, personal and business. Second, Cash Flow, watch the cash flow of your business. If the expense of sales minus the cost of production and other cost then the result is positive, so your business got profit. Third, you as a financial planner should try to save money for emergency fund, it would be very helpful in case of an emergency.
And the last is income protection (insurance). Protection of income or in other words the protection of entrepreneurs who became a source of family income is a thing that needs to be planned. That’s financial planning for a small-medium enterprise. As a financial planner you should be disciplined with what is already planned.
The importance of Certification in choosing a financial planner
Nowadays the cost of living is getting higher and many investment products offered make we must have a good financial planning. Financial planning can be studied independently. However, if you still feel difficulty and not confident then you need Financial Planner to help you. Financial Planner is a professional who is helping to plan a personal finance and give solutions in financial planning. Do not choose the wrong financial planner which would make you harmed, there are some things we should ask and ensure, one of them is have a certification and became a member of association of financial planner.
With that certification we can see their experience and skills. it aims to prevent us from fraud. International standard certification should be owned if someone wants to be a reliable financial planner. International standard certification were obtained by finished the profession education. In that education a candidate financial planner composing a financial plan and studies the financial planning. After that, financial plan that has been composed that will was presented and tested which in the end will be given certification financial planners. The existence of certification will give you the sense of trust to financial planner that you are going to choose to help you in financial planning. Another way to ask the financial planner about their certification is see the title in their name and check the association which issued the title also. Since there are association claimed to be international standard but not in reality.
So do not be hasty in choosing a financial planner who will be asked to help. Don't ever harmed because you choose the wrong.
With that certification we can see their experience and skills. it aims to prevent us from fraud. International standard certification should be owned if someone wants to be a reliable financial planner. International standard certification were obtained by finished the profession education. In that education a candidate financial planner composing a financial plan and studies the financial planning. After that, financial plan that has been composed that will was presented and tested which in the end will be given certification financial planners. The existence of certification will give you the sense of trust to financial planner that you are going to choose to help you in financial planning. Another way to ask the financial planner about their certification is see the title in their name and check the association which issued the title also. Since there are association claimed to be international standard but not in reality.
So do not be hasty in choosing a financial planner who will be asked to help. Don't ever harmed because you choose the wrong.
Knowing The Financial Planning
Financial planning for some people might still rarely implemented. However this is turned out to be important, considering the cost of living that more expensive and whether your income enough to afford it. So that you have to start make a financial planning. Financial planning according to experts is an action that aims to help analyze and manage the finance of individual or family as well as business objectively, in order to achieve the target of finance or lifestyle as expected.
Financial planning not only for a business but also for a personal finance. In financial planning you determine the clear direction of financial management. Without a planning, your finance will be uncontrolled and you are going to wasteful. It is not good if it keeps happens, don’t get owe to resolve your financial problem because therefore instead will add problem.
The purpose of financial planning is we financially free in the future, that we will have sufficient funds to meet our needs. Then what is the benefit from this financial planning? The financial planning beneficial gives the direction and meaning of our decision. Then what is steps that must to do next? First, determine the goal of your life. And then, calculate the financial goal and set strategies to achieve it. After that, implementation the strategy in accordance with the time that available. Monitor and evaluate periodically later. The last, revision the strategy and planning.
Financial planning not only for a business but also for a personal finance. In financial planning you determine the clear direction of financial management. Without a planning, your finance will be uncontrolled and you are going to wasteful. It is not good if it keeps happens, don’t get owe to resolve your financial problem because therefore instead will add problem.
The purpose of financial planning is we financially free in the future, that we will have sufficient funds to meet our needs. Then what is the benefit from this financial planning? The financial planning beneficial gives the direction and meaning of our decision. Then what is steps that must to do next? First, determine the goal of your life. And then, calculate the financial goal and set strategies to achieve it. After that, implementation the strategy in accordance with the time that available. Monitor and evaluate periodically later. The last, revision the strategy and planning.
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