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Trouble With Abstinence From Live Consumerist Behavior

Indeed although already know and read a lot about how to manage personal finances properly as well as financial goal setting with mature. However, in practice it is not easy for us to be consistent between science obtained by works in the field. Take an example, we know that saving it should be in front each time receiving an income, but because of the unfamiliar and trained still lure lust consumerist emerged which “ORDERED” us to whisper or “conscientious consumption” us by saying “… , later  shopping again, anyway this bit if saved …”. Finally philandering commitment and knowledge gained, so that repeated itself again as before, the money ran out the remaining salary already without savings without leaving the slightest.

Other conditions for example, we already have a N95 gadgets still okay to use. Uh, suddenly there’s a show-off  friends already have BB Onyx or iPhone 3GS. Finally anger consumerist plus its prestige” in order to have as well. But we already know that planning ahead we are not buying gadgets, but setting up a cash advance tomorrow’s child to enter school SD. However, since it was already burning sense of “jealous” was unambiguous 1, 2, 3 credit cards belonging to a friend bought some gadgets like it

Indeed after buying the gadget itself feels very satisfied where we also go up prestige class) But after that, the following month we begin to pay installment dizzy credit cards already in use plus the interest rate. It turns out eh turns out, we don’t have the funds to pay the mortgage, because in fact we did not have the funds and can’t afford to buy the gadget itself. But due to consider credit card is “extra bonus money” Finally we forget on the nature and benefits of using a credit card. Finally, because it is often too late to pay plus interest credit cards more than plus fines applied, let alone close hole hole strategy finally debt pay off strong and we don’t be gadget “prestige” was eventually sold back to cover the debt.

Well, what lessons we can take from the story above? What might be some of us who’ve been there? If you’ve never be grateful, because You don’t get stuck with a ridiculous consumerist behavior like that. Indeed in the days of a versatile measuring degrees of social/economic with material owned by making us drifting into it. Whereas the family financial management sciences never taught us that way. For that we must always run on the line the corridors of financial policy of family/personal we already set. Hence from that once again we are always reminded that how important we have good family financial planning and applying financial discipline and behavior on a regular basis.

Makes Personal Finance compulsory subjects at colleges

At the college level, there is usually a college compulsory subjects that should be pursued by all students or often called General Courses . These courses teach the science required to be taken by all students of a wide variety of Courses, with the aim that students would later have a uniformity of thought and understand knowledge. Take for example we surely still remember with Pancasila courses, United Kingdom Language, religious education, etc.

From the above, the bedsitter idea could it be science, personal finance, or language are generally financial intelligence/financial literacy was made compulsory subjects in College? According to us and maybe the reader Melanesian very much agree with the proposal. Why? Since this time the more we realize that financial literacy is a must and even should this science should have been enacted historically aligned with the Pancasila, language courses, education United Kingdom that religion.

Some of the reasons why the financial intelligence courses began to be taught in already College:

Money is something that is already attached and was recognized by everyone since I was a toddler.
Mostly small since we aren’t taught how to recognize and manage money well, and this condition continued until adulthood. So the impact on the behavior and decisions of our financial future confused and disorganized in managing the lives of financials.
Getting to know early about money, then it will help alleviate financial woes later when fully grown.
If the Government concerned with the ideology of Pancasila, and religious education of its citizens. The Government has also started to be concerned with the level of financial intelligence of its citizens from Sabang until Merauke.
And others, anybody want to add?

Thus the short nature of this suggestion, hopefully someday it could be realized.

Personal money and money Business: Mixed or Split?

For a personal and family while running a business, you’ve surely had to grapple with dual mode personality to be  every day. In one moment to act as the head/part of the family, but in another moment to be cast as a leader/business owner who executed personal and business are the two entities or institutions unit to each other have the characteristics and traits and the rules of the game are different. Not even rare many were considering did not want to interfere with the Affairs of a business person. Whereas it results from business/business we run is none other than for the support of our family life is not it? The greater the effort/business that is run, then the chances of being born to the family of excess will be more wide open.

But there is one thing that until recently became a never-ending debate regarding understand about personal money management business with the money (read: business). Understand first that money between business and personal money should be split. The reason is because of the policy and management in managing finances in these two areas is quite different. For example, when it comes to debt problems, between strategy and policy for personal use and for the purposes of business are certainly very different. Because if the debt is for a business by increasing local blood  effort. Whereas debt for personal use must go through a strict selection of the calculation is a very mature. Because of wrong in taking the debt, then automatically have an impact on the lives of systemic family financially in the future. Especially for families who are the main source of their income only from wages. So the debt is indeed mostly a “disgrace” for the family.

Besides other reasons why needs to be separation between the personal and business money money is because when mixed it will happen the chaos and confusion in determining between which one personal money and where the money business. If this happens then do not be surprised many stories and experiences that we have heard that they apparently have used not even rarely spend money trying to buy personal needs! Consequently when calculated and traced has been spending his grind venture capital. So the turnover of goods business so choked up and even lead towards bankruptcy!

While the second was  believes that it does not matter the money business and personal money mixed. Those who believe this holds that the second  money will increasingly make their passion in running a business and his business. They will be more encouraged a spirit of raising her efforts, and so each there is a need to make a purchase that is consumerist for family and for business development they should quickly could meet and have the money to make the purchase. From our observations, after this second much embraced by the traders and entrepreneur, which many rely on instinct and predictive calculation in running his business.

Apart from these two familiar, there is really no wrong or right, please just we want to implement which. Most importantly you can monitor and manage inflows out money is fine. Controlling the ratio-financial ratio monitor both and business growth based on financial data. Of course to be able to do that all of the required tools, so once again  financial software would be a surefire solution to cope with it all.

Various search to find additional income other than regular salary. If you do not have much time for a side job, you better start thinking to look for investment.

Investments can be done in a variety of instruments, ranging from bonds, stocks, gold, and others. Look for investments that provide approximately yield (yield) is higher than the annual inflation rate.

Do not get more money you just saved in the bank because of the longer will be increasingly depleted inflation eroded. Moreover, in today’s entire relationship savings banks provide a very ‘economical’, well below inflation.

Here are seven tips from beginner invest, which may be useful for you in starting to invest. These tips are not limited to just the few investment instruments, but as a whole:

1. Invest at the right time

The first key in successful investing is to know in advance that such a life, the economy also runs its own cycle. Much like the season that runs almost the stock each year, as well as in investing.

If you enter at the right time in the cycle, then the money generated will be more. One way to see this cycle is still in its early stages or have a peak, or even decline will be discussed at the last point.

2. Determine the cycle that matches your

The second key to investing is to know the cycle is in progress. As an example of financial cycles in the U.S. who had been victorious early 80 to late 90′s is over, now they get into the cycle of commodities, such as steel, crude oil, palm oil and so on.

3. Observe each cycle, select the best

The key to successful investing is the third in the cycle when observing any investment instruments, you can choose which one is ready to cycle uphill. For example, if in the U.S. is currently entered in the commodity cycle, the steel could be the most sexy. Now steel is starting to fall and be ready superseded gold. If you look at this cycle well, then it is time you go to buy gold immediately.

4. Find your investment instrument control

The fourth key in successful investing is to choose an investment instrument that you control, even better that you like. There are several options if you are going to start investing with capital less than Rp 10 million.

- Mutual Funds, namely the container and the pattern of management of funds / capital for investors to invest in a set of investment instruments available in the market by buying mutual funds. These funds are then managed by the Investment Manager (MI) into the investment portfolio, whether it be stocks, bonds, money market or securities / other security.

- Purchase of shares in the capital market. By going directly to the capital markets you can own shares in companies that you want, live appoint a professional broker then you can immediately start. Costs (fees) to the broker is not too high and you can easily diversify to reduce risk.
- Precious Metals. By buying the metal began, for example gold, you do not need to bother tothe care of. Stay left alone then the price will go up. But, in the midst of crisis like today’s price fluctuated rapidly. If you are smart, you can buy cheap and sell when the time high.

Within the deposits paid in kind, the Star Deposit Caixa is one of the best in this segment we can find because even though it is a deposit that has been around for some years, La Caixa has been renewed its features to keep making it attractive to customers.

Thus we have the Star Deposit Caixa is a choice of individuals to enjoy their savings without having to spend hard as they can get any article either a telephone, a television … only to deposit their money in this product.

Star Deposit this entity offers a benefit in kind, ie to choose between a range of kitchen items, appliances and apparatus of image, sound … enjoy them in advance, similar to a deposit that pays interest in advance.

That if the Estrella deposit is that their recruitment disadvantages can only be carried out through internet, by the Caixa Hotline and their remuneration, Tae, is not very high, not from 1.5%. Read the rest of this entry »

The house prices in recent years has been declining, and so many people see the opportunity to buy a home but within your reach. It is important that if you are buying a house, especially if it’s your first time, you do your research and you know how to choose a home that ultimately will not give you more problems than you had before you buy. These tips will help you in your selection:

Buy a house you can afford
Many people usually buy the house you can buy with the money offered by the bank as a mortgage. You have to have the price yet you can tell your bank to pay for a home will not necessarily be the one your budget can handle. Before deciding on the value of the house you want to buy make sure this is not a heavy load on emergency cases. Your house payment should be less than 40% of your income.

Think of the repair costs
When you think of the money you spend to buy the house, also thinks the repairs necessary to the move, new paint, etc. .. Many people think of home and not in maintenance costs or that they have remodeled. This expenditure will also be part of your budget when you move. Experts say that the estimate for repairs each year is about 1% of the value of the house.

Inspection
An inspector can tell the problems are not at home at first sight. Even if you have a friend who knows a lot of houses, finds that the expenditure of an inspector is part of the ruling of the house and this will help you be more sure of what you buy. Do not want to buy a house after realizing that the repair costs are higher than the value of the house.

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The State of Massachusetts has a list of very useful tips you should keep in mind when you go grocery shopping:

Before going to the Supermarket

* Plan your menu and write your shopping list in advance. This will help you buy only what you need, and prevent food from spoiling.
Eat something before you go shopping. If you shop hungry, be tempted to buy things they do not need.

In the Supermarket

* Buy fruits and vegetables in season. The farm product markets (Farmers Market) is a great place to find good prices.
* Buy canned or frozen fruit supply. Make sure they are packed in water or 100% juice without added sugar.
* Buy canned or frozen vegetables offer. Canned vegetables before cooking, rinse with water to reduce salt content.
* Try store brands are as good as commercial, and significantly cheaper.
* Look for coupons and announcements of deals in the supermarket and get the discount card to customers.
* Spend your food budget wisely. For the same price of a big bag of chips and a box of cookies, you can buy a lot of apples, bananas, carrots, potatoes, peppers and other healthier foods.
* Join a local food cooperative and share the cost and shopping with a friend.
* Join a community garden and learn to grow their own vegetables.

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The Consumer Federation of America has a list of ways to save money on your everyday life. Here are a few of the tips on how to do it:

-If you want insurance protection only, and not a savings and investment product, buy a policy term life insurance (Term Life Insurance).

-You can save more than $ 100 per year in fees by selecting a free checking account or one that requires no minimum balance. Ask for a complete list of fees charged in these accounts, including charges for the use of automated teller machine (ATM) and debit card.

-To yield the highest return on savings (annual percentage yield) with little or no risk, consider certificates of deposit (CD) or savings bonds USA (Series I or EE).

-Be sure to consider the price difference between financing with a low interest rate and a lower selling price. Remember that receive funding from zero or low rate of grantee may keep you from getting a refund or rebate.

-Once you have selected a specific brand and model [Electronics], check the Internet or yellow pages to see which stores have them. Call at least four of these stores to compare prices and ask if that’s the lowest price they can offer. This comparison shopping can save you $ 100 or more.

-You will spend less on food if you shop with a list, by taking advantage of sales, and purchase basic ingredients, rather than pre-packaged ingredients or items ready to eat.

Much of our revenues are going into financial service charges. Interest, money orders (money orders), Flight Attendants, overdrafts, etc. are some of these for example. Here’s a guide to help you save here and there in your services and you have more money in your pocket or in your piggy:

Communicate with your credit card to reduce the interest

Every six months the credit card companies can assess your credit and payment history to tell if there are ways to reduce your interest / increase your credit line. If you have not done so, call each of your credit card and ask to Represent if they can reduce your interests. This works best if you owe much to the cards, you have a spotless payment history, and if you invent a little white lie that another company is offering a lower rate so you can change.

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I was reading this article on CNN Money entitled “The Smartest Advice I Ever Received” and I started thinking about how to make a list of these financial tips. Among the best tips that are listed over 40 are the following:

* “Do not follow the pack” is to use your own discretion and find out enough to make concise decisions. The fact that many do not work means it will work out for you.
* “Do what you like” Do not work for money, working with what you like. This will help you feel better as human beings. There is no better job than your full-time hobby.
* “No one gets rich on her salary” All people who accumulate wealth that they do not expect the next fortnight to collect, they think of accumulating wealth and for that there is only one way: Savings.
* “It is moderate, but not mean” Do not throw your money, but learn to strike a balance to educate. For example, do not buy a car last year for which the value of a car is reduced by 80% the first year and most of the time changes from one year to another are minimal.

What advice would you give to our loved ones about finances to help them have a better future?