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.

Hard times could unaccompanied worse if do not know how to manage money. No one wants to be left by their partner, but if it happens, then one of the things that need attention are the financial problems. Strengthen yourself, get up and do not let life become a mess. Continue living, governance and take steps appropriate, especially in financial management.
There are six (6) steps that need to be considered and carried out:
-. Clear administration, manage all paperwork relating to your partner, especially for women, correct the legacy her husband. Suppose the left since died a death certificate, property, etc., or take care divorce letter to its conclusion. Then check out other important documents such as credit cards, bank accounts, insurance. So at least be ready with single status again.
-. Do not take risks
Do it right and quick action after emotions subside and calm. Be clever to take advantage and finish what was left. If the legacy of a very large number of funds, need to look at do not rush to invest, you should first input in savings deposits, time deposits, only after the atmosphere and stable emotional state and do yourself a wise decision for the future, this will minimize the risk.
-. Take control of all expenditure
Make a budget and re-design in accordance with the new status. Write down everything neatly, both revenue and expenditure. Here must begin to control spending based on budget and to avoid a mess in finance.
-. Communicate any information
promptly provide information / notification about the new conditions, such as corporate workplace, both you and your spouse own and attach a letter supporting such a bill of divorce / death. Similar information was also submitted to insurance companies, banks, etc.
-. Pay off bills
Check back to what is still a dependent of the bills that must be resolved so as not to make unnecessary payments. Immediately resolve not to make the payment late.
-. Make the right decisions
Make the right decisions for the specific steps of your own, though sometimes can take advice from relatives, friends but not necessarily suitable for you.

The journey of our life in the world would be through the following phases, starting from childhood, adulthood, old, retired and eventually died. Generally, each phase has different financial goals.

The diagram below represents a general phase traversed by humans. Each individual must have a distinction between one another. so that we as individuals have to look and plan a trip in a phase of our lives each well and correctly in accordance with the road of life we want.

Our age through the above phases will vary. Someone entered the early phases of marriage at age 20-something but have also already entered the age of 30 years.

In relation to age, we want a little give an idea of planning for them in several age groups ranging from age 20 from the bare phase till the early phase of marriage.
Then, aged 30-40 years as the parents. Their 50s entered the phase of old age and retirement. Each age group has the general characteristics required planning.

Importance of Planning in the Age 20 Annual

Many people do not do the planning at age 20, they feel they still have a long time later. Enjoy it before, but in this period it is important to us to build good habits related to finance, for example in terms of spending and savings habits. This habit does not come as such, must be done continuously.

Learn about the budget and the investment becomes an important topic that needs to be understood, when you are still in her 20s. If only they understood the concept of time value of money and the concept of blooming flowers, they certainly would not spend money with casual work is fixed for one month only for a moment.

In the concept of time value of money and the concept of blooming flowers, the longer the time which would have required less and less savings each month to achieve target goals. Or with the same investment value and assuming the same interest rate, the result of the investment will be even greater when you do it in a much longer time.

Financial Goal Setting Short, Medium, and Long

Setting specific financial goals is the most important initial step in the process of financial planning. At the age of 20 years, a common short-term goal is to prepare the wedding expenses, buying a car or motorcycle, and much more dependent of each individual.

The important thing here is the goal to be achieved the next 3-5 years. Medium term between 5-10 years, generally are buying a house, preparing children education expenses fund others. Now for the long term goal is retirement. This preparation should be done early.

Of all the financial goals that you have estimated how much value these goals and to value what is the value of savings to be invested regularly every month should be set aside. For this calculation we have that in detail in earlier reviews.

The Importance of Understanding Investment Concepts

People often tempted by the various bids that common sense will certainly be very difficult to obtain, for example the case of PT. Qsar a lot of harm society.

One keyword in an investment is no investment without risk. Everything there is a risk. The important thing is to recognize those risks and what can be done to reduce them.

Investment law that could not be avoided is the higher expectations of rates of return, the higher the risk. We need to learn a variety of investment alternatives in terms of profits but do not forget also about the risks. Balancing them both into the destination of us all. Investment strategy to spread the funds in various investment instruments is a wise step in maximizing profits with a measured risk; this strategy is known as diversification.

After you understand the basics of investing and learn the advantages and disadvantages of each instrument related to your finances, start to invest regularly to achieve financial goals that you set.

Evaluation Planning Becoming Necessity

At the age of 20 surely you’ve completed your education and work in a company that you want.

Any income received each month. Once you’ve entered the age of 30 years, usually in your career already established, although maybe you’re still going to change jobs before you retire.

It was at this age you have a family. This is certainly going to change various financial priorities that were not included in the planning for a still-doodle-doo, let’s say the cost of education, holidays with family, buying a house and others.

Therefore, once the family has become a priority for you, surely you should reevaluate the financial goals that have been first. These changes must be done because of course you have to consider other things in setting family financial goals.

In the 30-40 age range, you should continue to evaluate various investments that you have done to achieve medium and long-term finance. Revise the budget should also be made to remain in accordance with the changes in family finances.

Once you are married, give priority to a variety of protection, ranging from death, sickness, critical illness, and others for risk is not detrimental to the family’s financial condition is good.

Costs of Education Children and Retirement

In this age range (30-40), of course, you should already have conducted preparatory children’s education expenses. Education costs are increasingly expensive. From our monitoring, to building much larger than the annual inflation rate, mainly related to the money base. is therefore wise to start early to prepare for education expenses of your children.

Currently in Indonesia, many people assume that with the Social Security and pension program provided by the company is enough. Calculated first.

In many consultations that we do, it turns out these two things are not quite so appropriate measures are required to save or investment independently to achieve the retirement life you want. Social Security is the beginning and you still have to assume greater answer to prepare for retirement you want.

You Will Get What Is Desired?

Time was running, and now you’re entering the age of 50 years. In terms of investment we recommend that allocation is more moderate, which was as large stocks possible this should be reduced and investment instruments moved to lower the risk.

At this age, hope the kids have started large and can support its own needs. You can now focus more on preparation for retirement you want. In this age should you begin to calculate whether you want resign needs can be met with a variety invests you have done.

All this must be calculated and analyzed whether you will be a deficit or surplus during your retirement? This calculation is very important to do because you’re close to your retirement and if it turns out that the funds currently collected does not achieve what you want.