Posts Tagged ‘Personal Finance’
THERE IS NO REASON FOR NOT SAVING
“Who the hell is, not, want to have a savings account? I also want, saving. The thing is, my money runs out keeps … “
“Not to mention the kids asked her shoes …”
“I also need to buy this and that …”
“Ah, I really talented engage manage money …”
The wording above may be familiar in your ears, or maybe you yourself experience it. You’d be saving, but in practice, it is hard to do. You always run out of money at the end of the month so it could not save. Do you belong to a person like that?
Do not be discouraged. Everyone will almost certainly experience it. Save money (investing regularly) is often done for a variety of purposes. However, if you set aside money regularly, then the money you collect can be very rewarding.
Someone who has an income of Rp 1 million per month, for example, after a year of saving only have Rp 200 thousand account balance in the account. Once asked why the number of just balances it after a year’s work, he says his income often wears out in a month. So, he could not save.
Actually, if he want to save $ 100 thousand every month, then at the end of the year he will have a number of account balance of $ 1.2 million, plus interest.
If such a situation quite familiar in your ear? Or, have you also experienced it?
For many of us it is very difficult to save, either through lack of money for expenses that we have at home or by the need to buy all the things we like. Something we must always keep in mind: “The basis of all wealth is saving.” You have to save for emergencies, for retirement, to buy a house, etc.. … It is as you’re winning that matters, but how much you spend. We are used to living paycheck to paycheck.
We have an anxiety that makes us burn our pockets or bank accounts until there is a penny in it feel the need to spend. And this is not only blame us, nor we are not passing through part of the standard, but because the world economy is based on that, in consumerism, but they do not consume, or at least save, they those who stay up.
Spend less than you earn
It is important to know to live below our means. There will always be bills and receipts, and will be easier for us to spend than save, but if we have to save a percentage of our wages each payment date, learn to adapt to live without that income and only spend what we have. As if our salary decrease for lack of work, eventually spend less than what we have. If we continue spending the same amount that our revenues, we always get used to spend our salary no matter if they are $ 30,000 per year or $ 300,000 if they are, always find a cost.
It is not how much to save what matters, but it saves.
We must focus not save a high or very ambitious, but an amount that allows us to save that much religiously every week (fortnights, months, etc). One way to make this happen is to make a personal budget that includes saving as a priority, such as rent or the mortgage on your home.
The ideal amount to save is 10% of everything you earn, as they say many finance books , but you can start with 5%. The key is to save time.
We mentioned earlier that the savings are essential for any family’s financial growth. The savings, however, constitutes a battle against a skill that developed naturally over the spending. The saving is not something we can do the overnight, but it is something that can be achieved, no matter how difficult it is present. Here are some tips that may help save a little more, while continuing to spend, but in moderation:
- One of the first barriers that we put the savings is the fact that we did not win enough to do so. In doing so we do not understand that we are putting a barrier to a future of wealth and abundance. Usually, people who can not save when you earn $ 20,000 a year, can not save when you win 40 000. The reason for this is the saying that “the more we earn, we spend more.” One solution to this problem start saving a small amount, for example ten dollars per check, and increase the amount when you get a promotion, raise or earn more income. What is more money: $ 10 per week or $ 500 a year?
- We have a budget for how much we spend. Many people spend more than they produce and spend everything they produce. In order to save should spend less than our income. The best way to do this is by establishing a spending plan that allows us to spend all we have, after having saved a percentage of our income. Ideally it would be 10%, but start with 5% or 3%. Remember that what matters is not how much you save, if not how often. Create a personal budget (income minus expenses) and start watching your savings bloom.
- By saving sacrifice a certain amount of money we spend on something else. But in reality, that sacrifice is to help us buy our dream house, education of our children, high definition flat screen TV, the vacation of your dreams, etc. When you think how hard it is to save, think of the immense satisfaction to be able to achieve your financial goals.
To paraphrase the famous book by Napoleon Hill, Think and Grow Rich, for people who want financial freedom to opt for the first step is to take control of their personal finances and reading about it as if it were for dear life. Especially read anything that will help us improve our financial condition. Read has a profound impact on the life of the dancer. There are people who have the habit or never bothered to read even the press.
But when our day to day is tainted with bad financial decisions, when our economy is not very healthy personal so to speak.
When we are caught in a labyrinth of debts, the first step to bring order to that area of our life is about to read.
When I say read and get rich, I mean look at the books, sites and forums all information and help teach us to control our personal finances without having to attend a course or workshop to teach other.
Even I think if you read more about the topics covered in this blog, even lurk on here.
Many people will one day discover by accident that there are people who not only passed the same as them in financial matters, but will have had experience of how they came up with such problems.
That is perhaps why the impact of Robert Kiyosaki’s books, which in very simple language tells us why we should abandon the rat race that has become the economic life of many middle class people in the world.
Concepts over and over again in different books. Books that have made him a millionaire because contrary to what many think, especially people who write things brainy and complex, the ordinary people is what interests him to explain in clear and simple things you are doing wrong you go as it goes.
Utilities online with Google docs then we can find documents, spreadsheets, presentations, drawings and forms, find spreadsheet templates (Spreadsheet like Excel) you can use to help manage your personal finances
Some tools you can find:
* Multiple Family budgets
* Books of Accounts (Ledger)
* Tools to pay credit cards.
* Templates to help you save.
Note: If you want to use the platform of Google Documents, or want to work offline, you can easily save the template in Microsoft Excel format and use it on your computer.