Especially those who are family heads Must have twice as prudent financial planning as not only living alone But still have a family, children, as well as other household expenses And if not careful or already planned May be at risk of financial liquidity in the future
Beginning with this characteristic introduction Wise financial planning techniques for the family Then how to do? And how to achieve sustainability Consisting of
goal
Everything we do has a goal. So that we will come out of our target Same as financial planning Our goal should be related to saving money before retirement. Or investments in various forms that add value to your savings The result of the goal that we have done For the family and children Has financial stability If an unexpected situation happens to you However, each person's goals are not the same. But how to achieve financial goals must start with saving with a goal first.
Organize expenses and incomes (easy formula)
Everyone knows that How is your income and expenditure each month? But have you ever organized them in concrete? With a way to record your income and expenses each month Reason for note taking To see what you spend on each month And are those things superfluous or not generating income? If the audit finds unreasonable expenses You will be able to limit that expense. In order to have more money left to save
Create debt but fit
Of course, building a family at an early stage May have some financial negative, such as home installments, condo installments, car installments, these are all debts that are based on necessity. But also need to check for yourself if you are ready to owe it to you or not Because if the income does not correspond with the debt burden to be paid Debt creation may lead to future problems. Debt should be created when the financial condition is ready.
Conscious investment
When creating a family begins to take shape Savings kept only Would not have any benefit Things that will create more financial security Therefore cannot escape the investment with savings Whether it is buying mutual funds, shares, bank notes, or debt, etc. But what will we choose to invest in? Must have knowledge and understanding, not to follow the trend, must firmly find information on what we will invest Or consult with relevant experts before investing And important things for investors The money invested must be cold money. Money that doesn't affect your finances If there is a reason for the need for urgent money
Purchase life insurance
Aside from good financial security Health and life security must also be coupled. Should choose to buy insurance for peace of mind If an accident or illness occurs The insurance policy that we bought will be able to help cover the cost. However, choosing to buy life insurance Should choose which suits us and our financial condition Because the insurance premiums of each policy are different. Depending on the conditions and benefits. The selection should select the one that matches your needs and is able to bear the insurance premium until the end of the policy.
From all the techniques mentioned above Should be a way for those who are creating a family To create a happy family It may not be necessary to have 10 million to 100 million dollars, but family can be happy, must arise from love and debt. The family will therefore be perfect.
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