Now we will enter the mid semster this year. Would you have made a resolution this year? Include your financial life out front? Maybe you should try to answer honestly the following questions:
- Did you already set aside some funds for retirement?
- Do you pay your full credit card?
- Do you monitor how each month your expenses?
GOOD, if you answered “Yes” but if your answer “No”, it’s time to organize your personal finances in the year Future.
To better manage your finances is to evaluate your current financial position, namely the data re your assets have and how much debt you have.
Managing finances is used to create a budget where you can monitor income and expenditure.
Financial Intelligence Survey (Financial Quotient) showed only about 29% of people who adhere to a monthly budget that they create, while 82% only at the stage trying to create and follow a budget.
To trim the start of financial management and once you know the current financial position.
Determine from now your Financial Plan and objectives for next year by SMART (Specific, Measurable, Attainable, Realistic, Tangible)
1. S (Specific)
Specify a specific target, do not just say “Starting next year I’ll be more diligent in saving money.” Determine how much savings you want, whenever you start saving money and in how long you will obtain the desired value. Thus, you can also become more disciplined to set aside some funds to be saved per month.
M (Easily measured) – Define measurable goals that can help you monitor if you’re already on track to achieve its goals. If your goal is to raise funds for the payment of advances for a new home next year, then determine how much of your income that the fund should be set aside per month. Each month you can measure has come where your financial position.
A (will be achieved) – Set goals you can accomplish and think long term, but still set small goals can help you achieve greater results. Suppose you want to have a USD 15 million in a year, then the small goals you need to accomplish each month is to save a minimum of USD 1.25 million within 12 months.
