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Wednesday 2 November 2011

4 Steps Necessary Financial Organize Known



Of course there are those among us who 'know' that has knowledge in financial management and control of their daily expenses, there is also a 'lazy' to do in everyday life. But for you who do not know, this is a must be step you know.

Think of the future
 
If you feel that knowledge of financial management and planning of expenditure is not important then you are wrong! Financial management and planning of expenditure is a matter that should be practiced by everyone. If not for today, it would bring benefits to our future.
 
Imagine if you want to get married, at that time you did 'realized' that you did not have to keep or provide any budget for supplies and you also have to make a personal loan through a bank for the purpose.

But remember, if you are married then you need to multiply the responsibility to bear. Do you want to increase your liability burden of existing debt? Therefore, plan your budget planning now wisely so that you can save each month.

Determine a financial goal

In the context of financial management, we must know that our goal is. For example, there may be between you aim to:
 
Connecting education
• Buying a house
Married
Honeymoons
household expenditure
Education children
expenses during retirement
• Buy a dream car and more

Clearly here is a financial goal that you want and choose. Such goals might take a short-term or long term, but to make it a dream, we should know how to plan for our finances more organized.

Write the plan or plan expenses

Try to ask ourselves over the years, have you ever committed expenditure plan before shopping? Many of us receive money wages, the first thing considered is to pay existing debts or liabilities. Then, when it looks to spend money to use it up that we tend to do savings.
 
To avoid this happening, you should have to write and plan your shopping trip so that you know to use and save money when you're in a whole day later.

Save before spending
 
The concept is right and proper expenses is as follows:
 
Income - Saving = Expenses + Debt
                        NOT
Income - (Debt + Expenses) = Savings

The meaning here is every time acquired a monthly salary should be the first priority is to do safe, then used for pay debts and expenses. But unfortunately most of us, when you accept the money pay it continued to be used for the purpose of paying the debts and spending, it is exempted for storage. That is if you have more money, then stored. This is a real misconception. All financial management requires careful planning and expenses. If without these two, I'm sure we will not know the financial goals we are.

Written by : Abdul Afutawae Al Malique

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