The mentality problem in Family Financial Planning

The financial issues of family planning has become a hot topic, because asking people increasingly start is what the family's financial planning. Then, as financial planning, be true?

Apparently, the problem is in us. Different kinds of people in this world, because apparently all live the dreams and desires for a comfortable and pleasant's Got, and a variety of ideas and ideals, but how many of those who really want to realize their ideas and ideals, was his dream to live or bad? Remember, everything is a price to pay, let us not because it wants faster you need to realize the dream of high seriousness and commitment. Apparently the hardest part is not exactly different plans, but how do I run a plan itself, so our goal is reached.

According to me, as you answer the financial question, you can learn, or even if you learn to not have the time and create your own, you can ask financial planners to help set one up for you. But on what? This is a guide or a guide or an integrated set of planning your family's financial planning, and nothing means more than just a book report. The question then, what?

For the success of your financial planning, to the mentality of self-administered, no phone, you can NAPO aka No action .... It .. it .... Therefore we need three main attitudes are: discipline) - 2) Discipline - 3) discipline. It appears that the evolution of a discipline which is not easy to discipline by his lifestyle should be a long time and it is not often easy. Discipline is the realization of a clear obligation. examples of people want to lower blood cholesterol, should modify their behavior and unhealthy lifestyle, it can reduce fatty foods such as discipline seafood, dagingan consumption of meat and more vegetables and fibers. If disciplined, and I certainly have never run this scheme, if my high cholesterol. Just click on "Discipline". A bodybuilder who has always been with rigorous training schedule and eating habits. Very often we can hear the saying that "You are what you eat" or something similar to what the law of sowing and harvesting clearly the law of nature, which can be used. Lo, it is not different in many ways ... You owe your success to accumulate from time to time, so you can make the next jump in success. It is not possible if the people whose lives richly, not want to live not on the priority scale, no savings and investment, and not have a clear financial plan before not even for financial planning at all, more comfortable and convenient in the future. Therefore, we draw a simple lifestyle so that you stand the hard life in future.

Remember that God Mmberkati people who really want to be truly blessed, not people who do not like how it is possible to produce rice fields was, Farmer was not working, if the care membajaknya hoe him occasionally, until the harvest time has arrived. Similarly, life must be treated, we introduce the roles and responsibilities, and God the Creator we see how serious we are and the blessing will certainly be upon us. I hope so.

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Financial Statements Analysis of Financial Planning For Your Family

As I said in previous articles of financial planning, we are a family no different than a society where money is the fuel to run the wheel of life in this world. Sorry, I did not teach secular lifestyle that often seem materialistic. We can not deny that we actually need money to live comfortably in this world. It is true that there are people who say always, money is not everything, because life is the true life in the hereafter later. Do I deny it, this statement because it is the highest aim of our life together, with God, our Creator. For, in my opinion, should not blind the eyes of our heart treasures, so we become cruel and cunning. It is therefore fortunate for the good so far used not only a pleasure. Therefore, no way we try and go break a reason, not out of fear, a wrong move, because your life is not merely about the time, but used the time to make the best life and note the time will never wait for you. Every minute that just missed entry into the past. When you really love your family and accept the responsibility that was entrusted to you, then you are forced to draw attention to the family whose name is to pay cash.

Well, what the way is able to be seen, or do you think about your financial situation of the family, then you have begun the consolidated balance sheet and income families and begin to analyze the accounts of the family you.before, I would ask "Do you know how much your spending per month, as much as the spending by type of transaction on your fixed costs, including fees, depending not specify what the consumption is the is an investment." If you can answer my question then you can create reports or calculate net cash flow of your household budget. Try to summarize all your expenses, here your surplus or deficit on the income your family. Most of us whose names do not control spending or withdraw this, especially when our credit cards more and more .... What might be thc slid aja .... .. I had to sing slogans ... Shop Till You Drop .... ... we are invited to even go bankrupt. Finally, what has happened and we dig only pay with credit card ... ... dig a hole to open the cover of this month and created so ... cool ... save it as it is called a hamster on wheels. What we do not recognize the models and ways of life like this?

Learning to think critically in terms of money, considering the following questions:

1. What are my purchases are elements that I really need?
2. Is the need or desire?
3. Is there another alternative for the goods that we need those who have a lower price with good quality
4. As such purchases could be delayed for a few minutes?

Short words can not buy, do not buy if yah ... it .. he ... lo so clever, not so greedy and smart, but if necessary, and are not necessary. Try this simple life, so you can easily manage your finances in the family.

Make an analysis of your spending and develop a financial strategy continues through the test:

1. Highest Priority Scale => Where and what is not output, then this is not the priority it has begun to be analyzed immediately eliminates unnecessary indiscriminate.
2. Percentage of expenditure => how much of each type of expenditure to total expenditure of your transactions, somehow the largest to the smallest. Learn how to the large expenditure which naturenya a great need, and whether the amount reduced, particularly in connection with consumption.
3. Create an analysis of how much you spend on consumption, how much money will be used for investment, how to use a lot of money to pay off your loan?
4. Business models of your knowledge, what you buy with a credit card or by cash, what do you with a shopping list or not where you shop, what attracted the discounts that are not necessarily the level of competence in these positions you need.

The goal is to ensure that the expenditure expenses that you are smart and wise to be removed only for purchases really, really, and be sure to set up the first cut of at least 10% of your income aside for the future of your family. Do not let your big pin of the mast, the deficit, and may have their own headaches. Save and invest your money wisely for the future needs to meet not miss today's lifestyles are komsuntif. Strategies to a large net cash flow is form, to increase revenues and reduce costs as much as possible as quickly as possible and then use the surplus or net cash flow for further investment and or long term needs and financial protection of the family and increase your cash reserves of emergency when you are not satisfied. If necessary, if you make a radical change in consumption habits, or go shopping, so you healthier and produce instant profits need for your family.

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Your Family Financial Statement Analysis

As we have seen that in assessing the health of a company is not independent of its financial reports and analyzes the existing ratio in such financial statements, as well as the financial health of the family also require analysis of the financial statements of the respective families.
Financial Statements Analysis

Financial Statements Analysis

Previously we have spoken about the financial statements of income and cash flows of the family finances, now we'll talk specifically about the family's finances. Actually, what tuh Financial balance family and what information can you conclude through the analysis of this report.

Just as the balance sheets of financial firms, we also divide it into Assets on the left side, and side Liabilty, and Net Worth on the right. You can divide the assets into three parts, namely Liquid assets (ie funds that you can use at any time as there is in cash, demand deposits and savings), Personal Assets (ie assets that generally are not productive and only used for private purposes such as private cars, home furnishings, jewelry for personal, Electronics, etc.) and the last Asset Investments (ie assets that generate returns, or its value tends to increase from time to time, so its not productive and consumptive purposes such as deposits, mutual funds, bonds, stocks) . While the Liability side can be divided into two ie Short-Term Debt (which will fall due within one year) and Long-Term Debt (remaining debt will mature in the first year). While the Net Worth or net worth staying between total assets by subtracting the total such liability. Well just like the analysis of financial statements in general, that the Net Worth, this must always be maintained because it shows the net wealth of a family, you are rich or not visible from the value of this net worth. The ability to manage finances by always doing the family finances traffic analysis to study spending patterns can result in the ability to control family finances that can result in a net cash flow each month from time to time. Net Cash flow is what will add the Net Worth or your net worth. So do not be extravagant, man and Non ... so that your wealth continues to grow. Try to imagine if every month the value of your deposits and mutual fund increases, a relatively small big yah yah, but it's important that you are committed to your family until the goal is reached. While for a detailed analysis of family financial health position required ratio-ratio analysis such as analysis of the liquidity ratio, debt ratio, debt service ratio, saving to income ratio, solvency ratio. Through this analysis, ratio-ratio we can determine the position of financial health so we know what the strategy should be improved and what should be done. This analysis will help us in setting family financial goals.

The strategy is directed to you as much as possible to have a productive asset, or some people call it an investment asset, there is an asset called good, others call it a positive asset that is an asset that can give you extra cash flow, and completing the additional investment (reinvestment) with fixed maintain your liquidity position and keep your debt position, so you still get additional net cash flow or economic value added to the management of your debt. Well may-be owes no debt to the origin aja consumptive purposes, such as credit card debt to buy electronics or a longer ngetrend hp. Berhutanglah with rational economic benefits created by looking at you, well if owed to a business or to buy the leased property-rentals okay okay well just have to count aja, you make money or loose money. If there was additional value or benefit in the long term to produce a return that provides economic value added (net additional cash flow) seteleh offset the debt costs, then you have been indebted to the rational. Do not let what happens is you owe it to the opposite ie consumptive purposes to the extent your net worth is less than your debt, I'm sure your net worth will soon be eroded over time that eventually you can go bankrupt. Now it needs a rational way of thinking, well do not need is a luxury European car if it had not in his capacity, is not more rational if we choose a Japanese car was a smaller CC. Well, aspires to have a luxury car should be aja-mate, but think about what all needs and financial planning priorities for your family has been fulfilled or not. Only by acting wisely, can help you help yourself reach your final destination the family finances.

Remember Mensana Incorporisano sentence that is within the Healthy Body Healthy Soul there is also, well in that regard until we do not maintain the financial health of our families, if not keep in good health until this one, be careful lo any one day her soul was also disrupted, try aja you see husband and wife who are fighting just because of financial problems that are not healthy. Hmm but she said Love is everything Love ... Can you beat this one issue. Well it back to your own.

Tags: family financial statement analysis, financial ratio analysis, investment assets, liquid assets, personal assets, economic value added, managing family finances, family financial balance sheet, net cash flow, net worth of families

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