Five Signs Your Financial Well Enough
It can be said that our financial activities whether it be credit card debt, monthly expenses, house rent, bills or home loans cannot be removed from our lives. For that reason, no wonder if a great total of debt or financial condition can immediately influences our emotional life, physical, and also spiritual.
Just imagine when half of your salary must be deposited into your bank to repay your credit cards every month. This is a sign that you are driven by money (or debt). Income is no longer a sign that you are independent, but come to be a source of stress even nightmare because some must be used to repay debt.
It is important to ensure that our financial conditions remain proportionate and healthy. There are at least five things that indicate that your financial well enough: Continue Reading »
Measuring the financial problems
Financial problems not only experienced by a single man or women with a mediocre income, but also those people who earn much money but have a lot of debt. The root of common issues is inappropriate of financial management that is not measurable well.
A number of factors that need to be identified earlier in order to measure the financial condition, such as:
Debt
Reduce debt consumptive and non-productive. Debt divided into two namely the productive and consumptive. It said productive is if you buy a house with credit, but despite owing the home values will continue to increase, and the price even higher. You buy a camera with a credit debt virtually productive if the camera is used for such photography business. This means that this camera to make money from a number of projects you is running.
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Save Some of Your Salary
In order to get comfortable life and do not need much cost, and then save or put aside for savings some of your income is required. Thus, the future of you and your family will be protected. Then, how should the percentage of your monthly salary divided?
According to the business and financial practitioners, percentage that have saved or saving ratio ranges from 10-50 percent. The calculations based on the following three aspects.
First, the amount of savings fund that is owned today. Second, amount of remaining installments. Third, financial goals to be achieved within the next 5-25 years. From there, you can divide the savings for some purposes, namely;
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