1. From now on pay your family routine outcome just from your routine income. Example you get $ 1000.000 every month and your outcome is $ 900.000 so just finance it from your routine income.
2. Although there are outside post outcome like emergency and not routine one. Use your savings to cover it.
3. If you don’t have money for point 2, you had better postpone that.
4. From now on, prepare your children education whether by savings or apply in insurance of education.
5. Determine the reserve fund. It can be used if your husband gets fire or gets bankrupts.
6. If you don’t have insurance, just take it. You can insure your home, car or even your soul.
7. Save your coins in a saving box and it forces you to save and it effects good for all age.
8. Think to get increase in your income. Why don’t try to run other business. Who knows it can be succeed in the future.

Happy New Year 2009. I hope this year everything will run better for you and your family, including the financial planning in your family.

Save first and the rest to spend

You are used to spending first and than save the rest, why don’t you backward the process. Yes it may be your outcome get less but it is the consequence. But if you think it is not enough, you may do one of the three processes above:

1.    Increase your income

By increasing your income, you are still able to spend equal money.

2.    Pressing your outcome

On this you have to spend less than before.

3.    Do both of them

By increasing income and pressing the outcome. You will have much difference. And all is up to you. And if you have problem to save, you may save in advance right after you get an income. The most essential things make saving as a habit. Remember always: you need a reserve fund for unexpected / emergency need.

Where to save?

The most popular one is saving in a bank. The prominent thing you can take anytime you want. The weakness is the low rate of interest. Besides you can buy gold. As an alternative you can invest in long term investment. To join this you need a minimum sum of money $ 10, - for this. So, there are many chooses to save. Read one of the tricks.

Increasing Income

Just face it; sooner or later it will increase. For long time, there is only one way to overcome it: increase income in the family. And maybe you think you will get increasing salary next year, just wait and your income increase right? Frankly speaking I don’t suggest you to keep on wishing the company your husband are working increasing your salary. I just ask you to anticipate the worst thing. Why don’t you start your own business using your skill to increase your income? Other alternative, invest your money to various investment products. With this in mind, you will get more income than what you have from your job.

Manage The Family Outcome

As an alternative in short period, there will be no wrong to manage outcome according to priority. It means you can classify the family outcome in line with need. Here are several tips to manage the family outcome:

1. Try to buy the things in a wholesale store

One of the place sell in wholesale is who sale agent and I believe the price is much cheaper. Or you may buy things bargain able in the market.

2.    Make the price as the main factor to choose shopping place since it is needed every time or routine.

3.    Buy the needed thing first

Make a difference between a want and a need. Try to buy the needed things first than the wanted ones.

4.    Don’t buy things just because of ads

Please try to buy things not because of ads. Ads are made in order to buy not just to give information.

Do We Need Lending It?

If we had the money we should have helped other people if we help in the shape of action is no problem but for money? Wow waits a minute! It is undeniable our good willingness doesn’t end well. The turn to borrow money her face is so miserable, but the turn we want it, how difficult it is and the impression is like we are chasing her. And the relationship can be broken just because of loan. Therefore here are several tips before lending money to other people:

1. Look at your financial condition

If you have money, it doesn’t mean you become a bank of other people. Take a look first the probability outcome for next month. Maybe your children want to enter school or you will have a new baby. It is difficult when the money is not in your hand. Or maybe you can budget it, and you can loan to the people you can trust.

2. Search before giving

The thing you have to search is the capability to pay back your money. Make a questioner whether they deserve to get loan or not. Here are the lists you can use before lending money to other people:
“Who is she? What is she? Is she relative or friend? What for she borrow? Business or living need? Is it urgent? What is the guaranteed thing? She gives material or only on word for guarantee? Does she have a good record to you or other people? How is the fate of the debts? Can the money be paid back? When will she return it? Is the promise possible? Than you can judge whether he deserves to get loan or not.

3. Make a record

Don’t be lazy to make on a paper agreement if the money more than one million. And fewer than one million just use a note. You have to write: Who borrow it? how much is it ? And what for and when to return?

When The Loan Has Come To The Deadline

Ok, let suppose we have lent it. And now look like the time to collected and if so there are two kinds of things you have to take care:

1. Collect politely

Everything started with smile runs smooth. Just come to her house and ask about how is her business and family and if she still can’t pay her debt give other chance. And discuss about it more.

2. Willingness to give a part

Maybe this is hard to do. We are difficult to earn just given to other people. Yes if the cost to collect more than your loan just let it.

So, principally in becoming “bank” for other people we help other people.

The more we help the more blessing will come to you. But please, help other people justice, but do it in a smart way. Search and consider before lending money to other people.

1. Improve your habit of financial

As far as I know there are three kind of people habit of financial, which one you have to manage to each category:

a. The extravagant

This kind of man tends to spend more money than his income. How much your income is, if you are the extravagant you always do this way? Please try to limit your outcome almost compare with your income.

b. The manager

This is a good type because how small your income is, you can manage for not more than your outcome. But this year, it is time to increase your income by using your skill.

c. The saver

This is a good type you are always able to save a part of your income. And slow but sure you can be welfare for this. But this year please invest in more profit one, not just only in deposit or saving in a bank. But, remember learn its investment, than you can enter in it.

2. Make a starting line

At this early year, you had better know your financial position. So you can be financial statement. You can count how much is your wealth and count how much is your debt, minus it than you will know how much rich you are.

3. Make financial strategy

Count all things how much fund for this year, prepare the money. If you think you are not able to reach all, reduce some.

4. Protect your family wealth

If you have a home why don’t you insurance it. You can escape from shock of fire for example. You are the asset of family, why don’t you insurance for yourself?

5. Don’t put off any longer

If you have a habit to put off anything. Change for this year. Like insure your home before getting fire. You know to postpone is nice but the effect is not always nice.  

1.    Buy it because you need it
Yes we must ask to ourselves. Do I really need this thing? Am I good wearing this ? It is okay the thing is good, but should we buy it if we just wear once in our life ? Talking about good things , there are many good things in every mall. But don’t decide to buy it because it is good. Trust me, the manufactures tries hard to give the comfort clothes to us.

2.    Budget  the buying  if you think you need it
I am sure some of us think shopping for clothes and accessories as a hobby. If you buy them suddenly, you will take the wrong money that can disturb your living cost. From now on, start making special outcome post for this monthly.

3.   Pay more attention to quality than quantity
Many of us feel proud we can buy cheap things. There will be no wrong to choose a bit expensive but the quality is good. Fashion designer used to say “ for looking interesting in performance, you need not have many clothes and accessories. What you can learn is how to combine the color and the style of what you have”

3.    Find other cheap place
You like to shop in mall ? It is okay since you have much variation. But do you ever think to find at the other place that is cheaper ?Why  is the price of cloth and accessories at the mall is more expensive is that they use AC, light and employ many staff. Why don’t you spare your time to try to get the other place. You can find the same things with much cheaper price.

1. Buy gold

It protects you from it. It is usually increasing as the price of everything increase. Please try to buy a coin and a piece of gold. And a coin one is more flexible since it is available in a heavy shape smaller than the piece one.

2. Do investment that gives more profit than you invest in a bank

The interest of a bank is 10 % now while the increasing of fuel is 22 %, this is clear enough that you have to invest in more profit investment.

3. Think to increase your income beside your job

It is better to press your outcome, but until how long you can do it since sooner or later everything will increase. I know it is hard but if you don’t try it. You will keep on pressing your outcome.

4. Choose your shopping place

If you are used to shopping in a bit expensive place try to move in a cheaper one and you will get the difference.

To reduce the risk, here are several tips that can help you.

Please know that giving an envelope is not a must.
May be you are shock to read it, but it is right. Do you know what make the marriage couple scared ? Please guess. What make them scared is if there is no guest come. Actually , they don’t care whether you give envelope or not. They are much happier to see your face in wedding. What they want, the party is crowded.

Don’t hesitate to decrease the content if you feel too high.
Because of the relative of yours, so you want to give more money. The problem is if your limited money. On seminar, there is a participant expresses his problem. Why we tend to give more money to the married couple is the children of a boss or important people, but give little donation to ordinary man. If your family looks at you with the content of envelope you have a wrong relative.

Consider to give money in the shape of useful things
Other unique present is a voucher, like shopping voucher and other ones. May be the content is not so much, but is unique. One of the present you can give is a book, any books about wedding.

Start including envelope and presents in your family budget.
From now on, include it in your monthly outcome. With this you can estimate earlier whether they will waste your money at the end of month or not. I hope the tips above can help you. See you next on the post of clothing and accessories.

Let’s discuss those four factors.

Pos I : Telephone , Electric and Water.

We start from telephone. There are two things in it that is the burden and pulse. How are the tips.

• Stop talking non sense in telephone. The pulse is getting expensive. So don’t talk in telephone for long time if it is not important.
• Reduce the internet usage. If you want to browse just go to internet. It is more economize.
• Lock your telephone if necessary. Which one you choose, called ‘stingy’ but the telephone cost is cheap or not called ‘ stingy’ but you pay so much for it.

Electric.

1.    Avoid using it altogether at night. Spread it , okay .
2.    change the AC with fan or exhaust fan
3.    Reduce your TV sets.
4.    Change the ball lamp with neon. You are lose in buying but win in using.
5.    turn off all equipments when not using.

Water.

Let’s talk about it. But you can do this way to economize it.
1.    use water shower
2.    Avoid over filling  water from the basin. You  turn on the tap, and you do something else and the water over filling.

Well , readers. In the next edition we are going to discuss our outcome swell that is prize and donation. See you next post!

1. Adjust your buying with the need

You have already have a handphone. Its function is all right. Do you want to buy more ? before buying a thing ask yourself whether you need it or just to satisfy your desire.

2. Don`t be influenced by sophisticated designed thing

Don`t ever buy a thing by only sophisticated design without checking its function.

3. Buy guaranteed things

Like many people when they  buy a hand phone they just consider the cheap price, black market and this and that and it is broken it is out of order. And they have to spend much money for this. and please check the kind of guarantee is it shop or factory guarantee ?

4. Don`t be influenced by cheap price

If the difference is not so far , don`t buy the cheap one. Buy a bit high but you will have a quality thing.

That`s all the four post of outcome that must be wacthed out . I hope that will be useful for you.