3 Tips To Finance Salaries Set

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How to manage your salary to be effective. You need to manage it properly..It could be because the salaries are not able to cover all the needs or it could be because you are not able to manage it properly. In order for the family's financial security, there is a good start to learn to manage earnings.

These are the three steps of good financial management. Listen, are the steps:
1 Set a financial management system
Financial system that you normally do in a family. If all income is used for living expenses, so that at the end of the month are not left out any alias, then you are categorized as poor.
But if your income, in addition to life can still buy consumer goods such as electronics, clothing, shoes and more, you get a mediocre class or middle class.
Well, you get rich in an income category, but used to live on, still can be used to purchase the property as well as productive. Productive costs in the form of savings, insurance, mutual funds, gold, deposit of shares, and other businesses that could add to revenues. '' So, wealth is not determined by the amount of income a person, but of how much productive property that you own.
2. Five elements 'property'
Wealth itself is composed of five elements, which must have income coming in, expenses can be paid every month, has cash reserves, there are outposts of investment, and protection (insurance).
For the income coming in, many of which can be extracted in addition to the post of the monthly salary. For example, the sale and purchase of goods, selling skills, business, MLM, profit-sharing investments, fixed income investments, buying and selling investment products (stocks).
For expenditures that could be paid off every month, a man who studied the family finances of this self-taught to distinguish between needs and wants. Needs to be now, there is a limit, while the desire is not necessarily required and no limit.
Therefore, the need to prioritize which ones should be removed first. The first to be issued is that there is charity and spending it is due, for example pay telephone, electricity, water. After that spending for needs such as food. Third expenditure by the desire to relate to that desire.
What about cash deposits? You must have cash deposits for three to six months. as a handle if something happens, should be noted that deposits a husband and wife do together, but each must have its own.
Note also posts the preparation of future investment. Instead, prepare all of the post investment that you can get started school children, retirement homes, private vehicles, the business until the pilgrimage. Nothing wrong with knowing your investment products, the monthly savings or all at once.
The last must-have is protection. Have any insurance, from health, life, loss, .If your office already bore a particular insurance, not your problem any more insurance to individuals.

3. Be careful with debt
 
Debt to be one cause of financial problems. If you want trapped in debt, pick who will owe. Choose a party that allows the negotiation can be done if you are late paying the debt.
For those of you who will take the credit needs to consider the following tips. Take credit not more than 30 percent of income. Had more than 30 percent should be renegotiated, so that repayments can be reduced.