Many people who have difficulty adjust revenues to cover or pay the entire cost of living an increasingly complex and high. Freddy Pieloor from CFP recommend a few things below:
There are two common ways of managing personal finances and family, namely:
a. Replenish the income (payroll) received, in the sense of spending should be smaller than the revenue, by suppressing or reducing the cost of living.
b. Increasing the income (payroll) received, if the expenditure can not be reduced or suppressed.
Actually lowering the cost of living expenses is much easier than increasing income for living expenses are in self-control, while increasing revenues will involve 3rd party.
Enlarge or increase income (salary) can be done in several ways, among others:
1. Increase the working hours or overtime, both on weekdays and Saturdays. Surely you must coordinate with the leadership of the company where you work, having regard to the existing workload.
2. Looking for extra work you can do on a weekday (Monday-Friday), and / or on Saturday and Sunday.
3. Utilizing a hobby or pleasure you in the days that you went through, such as sewing, embroidery, flower arranging, and writing books.
4. Open a sideline business from home you can do on Saturday and Sunday, like opening a small diner or catering, give lessons or additional training for school children, such as music, mathematics, English, and computers.
There is now quite a lot of books that discuss and explain the various home-based business that can be started and conducted with relatively small capital and can help and give you an idea. However, these efforts should be made without your having to leave work today.
Explore the potential and ability you have and needed by the people around you, and start making an analysis and plan of work or a sideline business that you like and mastered to supplement your income.
Congratulations arrange and obtain additional revenue. Before and while planning gain extra revenue, you should rearrange all of your expenses. Thus, you will get two greatest benefits to your financial management.