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| Family financial plan. Image: fcac-acfc.gc.ca |
Family
financial arrangements for some people may not be an important thing to talk
about when the wife of the husband's income per month is the level above the
average income of other people, and maybe for some other colleagues again,
maybe the family finances is taboo for discussion. But despite the family
finances is not an important thing in the family, family finances is one vital thing
in a family. There must be an orderly family financial management and proper
coordination between husband, wife and other family members.
Now
there is a wise tips and solutions to manage family money management as
mentioned in some of the following points:
Set mindset together in family
financial management.
Husbands
and wives need to be compact in the family finances. Each other should take the
time to sit down together, talking heart to heart and make detailed notes about
the family finances. Disclose all the agreement will be what she likes and does
not like. Give the mission vision as to what the family finances. There is no
harm in reading the financial management of the family, but after reading
several sources, remains to be understood and then arranged a family financial
management framework, because each family has a unique structure of family
financial management is not equal to one another.
Make
a list of the estimated income and expenditure of the family finances. Either
the husband and wife both work or is only one that works, preparation of
estimate lists debits (income) and credit estimates (spending) will help provide
insight to the husband / wife who prepare financial statements in family,
family finances would be covered every month or not. The rationale of debit and
credit points will help the husband and wife to go to the next point.
Make a list of the family's financial
needs in stages.
Husband
and wife should be with a great soul revealed and discussed what exactly
constitutes "essential needs"; "requirement can be
suspended"; "personal desire" and the other list upon mutual
agreement. Make an estimate of funding / allocation of money in each of the
list and always cross check back every month whether the allocation is correct
/ still need to be adjusted / probably wrong. Routine evaluation is mandatory
and shared responsibility.
Arrange regular family finance
journals.
On
this point, even though the husband and wife is not from the field of finance /
accounting, finance journals can be done with a simple family with just using
books and stationery simple. The important thing is disciplined, organized and
meticulous in every shopping transaction, proof of purchase receipt / anything
related to family finances should be kept, given the mark and the date of the
transaction. Wives in general are usually more thorough and regular in the
administration of the family finances, but it is possible if the husband is
working. Simply put, there must be a date column, column information, and debit
and credit columns for later checked every end of the month / early next month.
Avoid consumptive
activity, impulsive, and should be able to save.
The modern era stimulate more consumption because of all the retail stores
and companies are racing to reach the market. Stimuli in the form of discounts,
attractive deals, vacation packages and more so given that the crazy shopping.
The problem that we all are not careful, to affirm all deals by not thinking
clearly (impulsive) and relaxed faces as if there might be a problem in the
back (I arbitrarily) alone, do not be surprised when our family finances will
face fast / slow. Not skimp mental mental mental miser because frugality is for
allocation of funds for the appropriate needs while griping likely perform a
variety of ways to not spend money without thinking of the side effects.
Start saving and
investing.
In terms of the economy will always fluctuate with inflation per year, yet
the political, legal and social life will always affect the economy
every day. Wheel of life is always spinning like the proverbial "One day
we were on, one day can fall down". Saving and investing will help improve
the family's financial reserves in the future without us knowing. Never
underestimate any small money we have saved. We will never be able to guess
when such a small money when saved with a backup routine will greatly help the
family's financial future. Choose investments (perhaps in the form of life
insurance, retirement savings and education of children) are safe, which is
bona fide and that has been measured to credibility for minimal 10 years or
older. Do not be tempted by the seduction of the interest and offers
unreasonable for us to avoid all the dangers of bogus investment scams.
Always be ready
to face the unexpected needs.
The world is not running like it is now without some things unexpected. The
existence of grief as death, sickness, accidents and other bad things can
happen to us anytime and anywhere without discrimination despite already
married and wish to do our best without expecting any problems. This point
should be addressed with the mindset when everything goes well, always ready
with savings up to prevent the bankruptcy of the family finances. Husband never
hurts his wife and children have life insurance and family financial education
savings that can withstand the storm.
Long-term plan
for the preparation of the future.
In excellent condition, husband and wife should have to plan ahead in the
old days of what might be they want. All want the good things in the old days
but it should be remembered, only relying on the kindness of God Almighty alone
is not wise. Almighty God has given a gift of health, knowledge and wisdom,
then do it with sincerity, surely we all will also receive the fruits of our
hard work in the future.
Thus some points that if it can be a wise solution to manage all of our
family finances. There is no standard formula that would run 100% right in the
financial arrangements of the family, but we can do the basics and hope that
the best will always come in our household.
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