Simple Ways to Manage Family Finances

Manage Family Finances

Financial problems are a common thing experienced by young families, especially in the first years of married life living. Not to mention the little guy soon be present among you and your partner. Is it true that the problem lies on the large-size family income?

"Often the problem is not a lack of income, but the wrong habits in managing money," said Ligwina Hananto, financial planning experts at an event Ayahbunda some time ago. It turns out, in reality, a father who earn hundreds of millions of dollars could be in shock when they found the money stay $. 50.00 before the end of the month.

Here are some keys to managing finances in a simple :

1. Understand your family's financial portfolio . Lest you do not know the contents of the savings , the amount of electricity bills , telephone , car servicing , shopping , doctor's office and other expenses . You have to know how much credit card debt , bank loan or mortgage and car .
2. Arrange financial plan or budget . Realistic financial plan to help you be objective about the excessive spending . No need is too ideal , so forget your own needs . Nothing wrong insert needs to go to a salon , spa or clubbing . Importantly, the budgeted amount is realistic and you must comply with the budget .
3. Think of a closer understanding between " need " and " want " . Quite often we spend money on things that do not matter or just driven desire , not a need . Make a list of a table consisting of columns for shopping item , needs and desires . After filling the items, fill in the " needs " and " wants" with a check mark ( V ) . From here consider the more mature , objects or things you need to buy / fill or not 
4. Avoid debt . The temptation for the greater consumptive life . But that does not mean you easily purchase various items on credit . Grow a healthy financial habits start from the simple , such as having no consumer debt .
5. Minimize consumptive expenditure . Meet old friends to exchange ideas in the cafe sometimes necessary, but it does not mean you should do it in every Friday afternoon . You can use this to save expenses or other needs .
6. Set goals or financial goals . Arrange financial goals you want to achieve on a regular basis , as a couple . Set specific, realistic , measurable and within a certain time . This goal helps you focus more financial design . For example , aspire to have international standard of preschool education funds and so on .
7. Save , save , save . Change habits and mindset . Soon after receiving salary , set aside for savings in the amount you had planned to the purpose or goals of your family financially . Instead, you have a separate account for savings and day-to- day needs .
8. Invest ! You certainly will not be satisfied with just waiting for the savings soar . Though your ideals for families " exorbitant " . This is the time to also think about investing . Various forms now . The fear of the investment risk ? ! No need to worry , you just need to learn a professional. Consult your finances with a reliable financial expert !

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