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Posts Tagged ‘money saving’

How smart do asset allocation according to your age. Age mid 20s. Lifestyle: Fast, aggressive, fixed-income and high risk tolerance. This age requires great discipline to save. New start career after graduating from college and began to earn money from his own sweat. Short-term top priority is to break away from dependence on parents. Recommended Investments: Stocks 70%, 25% bonds, 5% deposit.

Age 30 to 40. Lifestyle: Couples career with few or no children. The position of middle to senior managers. Companies where work may already provide health facilities and have received allowances in accordance with the position. Maybe being installments bulk and already have a vehicle to support mobility. Recommended Investments: Stocks 60%, 35% bonds, 5% deposit.

Age mid 50′s. Lifestyle: Still a lot of money to pay the cost of leaving a child’s education, start thinking about retirement and the need to protect revenue. recomended Investments: Stocks 50%, 45% bonds, 5% deposit.

Age 60s to top. Lifestyle: Enjoying retirement periods, require substantial medical expenses just in case. Recomended Investments: Stocks 30%, 60% bonds, 10% deposit.

The amount of income and expenditure ourselves we can certainly measure. Make it easy, by controlling our spending globally. No need to calculate in detail is complicated by our expenses, even if we make it into detail would be even better. The amount of income an employee is a regular amount each month, do not make expenditures greater than income received.

Even more, compensate by spending in the next month. Of the several components of their salary, an employee can make savings of one component. If you are a person who has a habit of shopping, use a small portion of money is to fulfill your desires; above all your shopping desires channeled and save the rest as savings.

Do not torture ourselves by doing strict savings, essentially every extra income… there are some left who can save. Then counting our spending is not difficult, we must know how much we are spending. Calculate the monthly expenditure globally we are alone; because it will be very frustrating ourselves if we are too detailed count.

If in the office we got the insurance facility, we do not need to follow other insurance… because it will increase our expenses. The point is additional insurance (other than insurance from the office) can we follow if we can save money and have more money. That we can use to get additional insurance. If our office does not cover by insurance, selective in following the insurance.

Type of investment (savings product): Deposits, term deposits, this product requires that you invest some funds for a period of 1, 3, 6 and 12 months. For this you will be promised a higher interest from savings, but you cannot simply withdraw your deposit at any time, such as savings. You must wait until the deposit matures. If you withdraw deposit before maturity, you will be fined a penalty.

Certificates of Deposit, you will receive a Certificate of Deposit. The advantages of this product is, usually the interest will be higher than time deposit products. And the same school you can sell to others, even if you have not reached maturity deposits.

Gold, gold prices usually directly proportional to the level of inflation and price changes in U.S. Dollars. So if inflation increases or currency U.S. dollar increases, the price gold increases.

There are three kinds of gold products, namely: Jewelry, if you buy gold jewelry, then you pay the price of gold is added to the cost of making jewelry. But when you sell it, normally you will receive the price of gold alone. While the cost of manufacture to be cost to you.

Coins, Gold Coins are popular gold coin, as an investment, gold coins can usually be more profitable than jewelry, remember to buy jewelry making requires costs that you cannot ‘claim’ again when selling gold.

Having full control of the money is something that can make someone feels happy, whether he is rich or not. Every person may feel happier about his entire financial life by adopting some good habits. Here are some good financial habits that you can apply. Organized, do the filing system so you can easily record the income and expenses. Thus, you can save your time and energy.

Pay the bills immediately, do not wait until all the bills piling up and then pay it all at once. It would be better to pay the bill once it comes. Paying a dozen bills all at once can make you upset due to the amount of money that is drained from your savings. Pay the bills one by one will not make you too shocked to see the numbers.

Five percent savings, take at least five percent of your monthly income for savings. It can make you automatically filled with financial happiness. You can immediately set aside five percent of your income before spending it for other purposes. Once you get used to it, you can increase this number gradually to 10 percent or higher.

Create and achieve goals, Achieving happiness is not merely a matter of whether you reached the goal or not, but it’s about making a progress. Create one or two financial goals, and work hard to make it a reality. Feel the happiness when you go through these whole processes.

Every person has a way of managing their finances. The principle is, monthly income should meet all the needs and spare the money for savings. Next question, have you already spared you income for savings? Actually, the first thing that should be change is the mindset so that you are able to manage your finances properly.

If you previously focused on the way to spare the money, then change your mind set to spend the money from the monthly income in a good way. Do not spare the money, but spent it wisely. Because the money and salary indeed is aim to spent. Spending your salary doesn’t mean that you have to adopt consumptive behaviors which tend to promote desire instead of need.

To determine priorities, first you need to determine expenses by looking at risk factors (high, medium, and low) and its flexibility. Flexible expenses are for long term and still negotiable, while his opponent, namely inflexible needs or fixed is for short term. Future needs, at least 10 percent of the income.

Saving, investing, and buying insurance is a form of future needs that must be allocated from the monthly income. This requirement is important because of dynamic financial conditions. Especially for the employees, where the allowances tend to go up and down or even without income a.k.a lost their job (layoffs). This expense is fixed and has higher risk.