Almost everyone has dreams, but not everyone is trying to achieve. In life, we should be able to distinguish between dreams and success. And then, how do we order to realize a dream come true
Financial planning to be one factor that is important enough to change all your dreams come true. Your dream to own a house, a car then you do not have to always dreamed of, but trying to prepare money to buy it.
Good financial planning is a benchmark that you can use to achieve it, then how which way to plan your finances well? The first thing to do is make sure our finances in a healthy position. There are some items to look at the financial condition:
1. Debt You should check back, if your debt exceeds 25% of your income? What if this happens it means your financial situation really became worried. When you face a problem where your income is lost or down, then you can experience bankruptcy.
2. Emergency Fund Emergency funds should be owned by every people, this is aimed at an emergent things For example, layoffs, accidents, illness and so forth. For singles without dependents must prepare 3x fund income, families with one dependent 6x, with two dependents 9x and 12x as many as three dependents.
3. Insurance Every person, family should have the life insurance, life insurance serves to protect themselves against the economic value of a person, so if the insured (the backbone of the family) died, then the sum of insurance will be out to meet the needs of the family left behind. Besides life insurance, health insurance also need to be prepared because of the cost if the pain is not cheap. Make sure you choose a pure insurance to get the maximum protection.
4. Investment Investment is the road that could be achieved for wealth you have to grow, to invest you should know these things positive and negative, since investment has a risk, but many low-risk investments, you can choose low-risk investment if you want stay safe.
Tips To ensure that every month you can save money and pay all your mortgage, then that should be done at the time of receiving the income is 1. pay your obligations, including tax 2. paying debt 3. Income set aside for emergency funds, 4. Set aside revenue to pay insurance / saving for insurance purposes if it is paid only once a year 5. Investing according to the desired destination and duration of the achievement.
Make sure your family finances healthy for life towards a more prosperous future.