Entering the world of
marriage is a very happy time. You start living together as a husband and wife
in the face of whatever happens in life.
When you start your
small family, it turns out that not everything is as easy as you imagine, there
are many things that you have to think about more carefully, especially about
problems managing family finances.
Changes in mindset must
be started. Currently, your money is mutual money, so you can't use it like it
was when you were single.
No matter how much you
earn, it turns out that there are still people who are short of money at the
end of the month. So, the main problem is not how much you earn, but how smart
you are at managing it.
Managing finances seems
very difficult to do, especially when you have a family. But all of that is not
as difficult as you think. Here we provide some easy ways to manage family
finances.
1.
Understand All Aspects of Your Family's Finances
The first step you must
take in order to better manage your family finances is to know how much money
you have, your income, and also know all the bills that must be paid, such as
electricity bills, telephone bills, monthly shopping, medical expenses, even up
to vehicle service costs.
Then you also have to
always know the amount of credit card debt, home installments, or your vehicle
installments. By knowing all this, you can calculate the range of expenses that
must be spent.
2.
Create a Financial Planning
After you know all the
sources of your expenses, now is the time for you to make a plan in managing
your finances. Arrange all the money you have, where the money will be used or
how much will be saved.
Make a realistic financial
plan, not so ideal that you forget about your own needs. Include fun funds as
part of your financial plan. After you worked hard, don't you want to enjoy it
a little?
3.
Start Saving Together
As with managing
personal finances, saving is absolutely essential for you to do in managing
finances. By having savings, you can feel more secure and financially more
stable.
Set aside some money
when you just receive your salary to save, that way the money you save will
always be there. Try not to use up savings before it is really needed. Because
if you keep using it, it's not savings.
4.
Distinguish between wants and needs
These two things look
very similar, sometimes what we want we can make into our needs. Therefore, you
must really be able to distinguish between Best online Fire Insurance Company In US and
what you really need and what you want.
An easy way you might
be able to distinguish between them is to make a list of your needs and wants.
Every time you fulfill one of them, give a sign that your need or want has been
met.
Always try to meet your
needs first, then fulfill your desires. But remember, don't overdo it.
5.
Avoid Debt
As much as possible,
stay away from debt. Often times we become accustomed to debt because of using
a credit card. The ease of payment processing provided by credit cards often
makes people forget themselves and become very consumptive.
This is very bad in
your financial arrangements. However, a credit card is still needed. Back
again, the problem is in how you manage your finances.
6.
Set Long-Term Financial Targets
You do this so that you
have goals that you must achieve in the future. Suppose you determine that in
the next 10 years, you must have Rp. 100 million in savings, by having a
target, you can focus more on managing your finances and minimizing waste.
7.
Start Investing
As a family, you have
to start thinking about how your life will be in the future. Start thinking
about your financial plans in the long term. Starting to invest is the answer.
Conclusion
Even though managing
family finances will definitely be more difficult than managing personal
finances, but rest assured you can if you want to try.
By following the easy methods above, we are sure that you will become a smart person in managing family finances. Make sure your family is always awake and prosperous by managing good finances. Good luck!
