![[finance,what?]](http://fbmc.b4g.info/fwlogo.png)
Rule of Ten: The Least You Can Do
Let’s face it: saving is not that easy with all of those bill and additional expenses that we need to cover. But fortunately, it’s not that hard either. As long as you are willing to commit to it, a little tip and rule of ten, will help you go trough this small hurdle of making a saving.
For the Savvy, There is No Junk Mail ?
I think it’s everywhere. The junk mail that is. In our place they come weekly without fail. From local restaurant, supermarket, department store even from local politician and many other sources, they just somehow stuck them in in your mailbox. But put your frustration aside, can this “junk mail” or more politely marketing material can be used somehow to boost our finance matter ? Yes, why not? They are here already anyway. Check this out…
Taking a mortgage ? Do Not Change Your Lifestyle Dramatically
My observation could be too narrow, but from what I saw, when someone want to take a mortgage, he/she tends to go for the maximum available even exceed it. The argument usually that they can still afford the repayment, so there should be no problem taking that amount of mortgage/homeloan. It seems they forget one golden rule that I always endorse: if you take a mortgage you cannot change your lifestyle dramatically.
Income Protection: Your Salary Cover In Need
One of the important protection that you need to consider is income protection insurance. This insurance will pay most of your income when there is unfortunate event beyond your control that prevent you to earn that income. For example: if you are involved with some accident that make you unable to work for several months or you suffer from an disease or illness that make it impossible to work as normal. In this case, usually your employer will not be able to employ you any more, and you will receive the replacement of your salary from the insurance company instead. (Unfortunately, no payout will be transacted if you lose your job because of your own will or sacked by the company)
Protect Your Financial Life: Insure Yourself
When we are busy trying to improve our financial situation and our life in general, one thing that usually people forget is that we are human. As human we got sick, sometimes very sick: do we have enough money to cover the medical cost? Do we have enough money to pay those bill when we are not well? Do we have enough money to finance the recovery? And as human we also will die, sooner or later. And when that’s happen, are we going to be ready ? At least financially ?
Collect Your Changes: Handy Little Saving From Your Coins
For now and then, I get some changes from my cash transactions. These coins can be handy when you need some for parking fee. So, I always have some amount inside the console box of my car for this purpose. But the small problem is, these coins also handy for some vending machine stuff and other petty items that could be impulsive and not budgeted item.
Improve Your Finance Position: The Big Picture
Most people will think that to improve their finance position what they do is just increase their income. Unfortunately, that is not true at all. When people get an increase on their earning, immediately they increase their expenses: new house, new car, new TV, holiday, an many more. After a while they will found out that they are in the same position like before: living from pay check to pay check, no or negligible saving, and I bet the debt in form of credit card debt or other debt is even higher than before.
Debt is Good: Only for Investing & Business Though
When business and investment people are asked, what sort of criteria to make a investment or a business is an ideal one. One of the item high on the list is that the investment or business should not used their hard earn money. In other words: taking other people money (OPM) or having a debt.
On separate article, I have explained why having a debt is not really a good thing, especially if the debt is used for acquiring any kind of lifestyle product. So, what is the different now, why suddenly debt become a good thing to have ?
Debt Is Bad: Insight From Franklin and Gandhi
Having a debt on your name means you will personally responsible to repay that amount of money to the lender. This is a responsibility that you cannot avoid unless you declare yourself bankrupt which carries a lot of severe consequences. (Trust me, you don’t want declare yourself a bankrupt!). So, in other words, Debt is Bad. But there is also a psychological factor that might prevent you to reach a happiness if you engage yourself into the world of debt.
Effective and Smart Budgeting With No Hassle In 15 minutes!
When talking about budget and actually doing it, for some people seems to bother about which software need to buy, which method do they need to follow (as in accounting method ), etc. On the other side of the coin: some people only do the budgeting on their head, as remember everything on their memory. And the rest of us simply don’t bother about any budgeting at all…..