Tips Your Financial

UNDERSTANDING FINANCIAL MANAGEMENT FUNCTION

2013-11-04T10:12:00.001-08:00

FINANCIAL MANAGEMENT

Financial management is an activity of planning , budgeting , inspection , management , control , search and storage of funds owned by an organization or company .

A finance manager in a company must know how to manage all the elements and financial terms , this must be done because it is a financial one important function in achieving corporate goals .

FINANCIAL MANAGEMENT ACTIVITIES

3 relating to financial management activities , namely :

Activities use the funds , the activity to invest in various assets .
Fundraising activities , ie activities to obtain funding , either from internal cash resources and external funding sources .
Asset management activities , the following is obtained and allocated funds in the form of assets , funds should be managed as efficiently as possible .

FINANCIAL MANAGEMENT FUNCTION

Here is a brief description of the function of Financial Management :

Financial Planning , income and expenditure to make plans and other activities for a certain period .
Financial budgeting , follow-up of financial planning to make a detailed expenditure and income .
Financial management , use of corporate funds to maximize existing funds in various ways .
Financial searching , finding and exploiting the resources available to the operational activities of the company .
Financial storage , as well as the company raise funds to save and secure the funds.
Financial control , evaluation and improvement of finances and financial systems in the enterprise Audit , internal audit of the financial companies that exist to avoid deviations .
Financial reporting , providing information about the financial condition of the company as well as an evaluation

When associated with these objectives , the financial manager functions include the following :

Exercise supervision over cost
Set pricing policy
Predict future earnings
Measuring or exploring the working capital

How to Manage Finance by Teachers of Mathematics

2013-11-03T09:41:00.001-08:00

It turns out that managing finances is not only smart economics teacher alone , my friend , a father , and he is also a teacher of mathematics , was well versed in managing the household finances . He shared tips with me when were both waiting for the rain letup in school . According to her financial planning is very important for the future . Therefore , the longer the family's needs will become more complex with increasing the child , age , and the necessities of life . "Therefore , we must be frugal and careful since the start of a family, " said my friend

" Often the problem is not a lack of income , but the wrong habits in managing money , " the friend said . It turns out , in fact , we are able to earn millions of dollars into shock when they found the money just $ 100.00 before the end of the month . Change habits and mindset . Soon after receiving the salary , the amount set aside for savings that we have planned in accordance goals or ideals of our family financially . Instead, we have a separate account for savings and day-to- day needs . Temptation exists for consumptive life . But that does not mean it is easy to buy a variety of items on credit . Grow a healthy financial habits start from the simple , such as having no consumer debt .

He also advised me put it this way , " Jenengan ( you ) and husband both civil servants , should you save one salary , which is used for everyday purposes , salary or salary jenengan husband , so jenengan have a backup for the future , or if jenengan want to buy a car or build a house does not need bank loans or cooperative "

If we could just use one of our salaries , given the need for our lives so much ? Of the need to eat , milk , soap , pay school , and others. Actually its good that we can save finances and not have to buy anything excessive . My friend said , that the wasteful mothers . When mothers have excess money he would spend the money based on what is seen , aka hungry eyes is not what they need. It kuakaui true . I also like it , when to market , saw something interesting or like normally without thinking again direct buy , especially food , even at home still has reserves of food , still continue to buy because interest and love , eventually existing food not so processed and so occupants rubbish . I'm one of those people who consumptive , especially about food , I can not get out of the pocket on the outside . My principle is to feel happy when able to eat outside with your family or friends. I admit , my finances during this extravagant hobby because I snack , almost every day to buy fast food because it could not cook themselves , especially when Saturday and Sunday , the event routine for eating out with her husband and children . Because I think that's when we can get together and mutual communication . Not to mention when buying clothes , shoes , and handbags both children and me alone , to the extent that my husband once commented , " Legs only two , really more than a pair of shoes "

Therefore , according to the math teacher , mothers do not have to save a lot of money , let alone on his salary account . Let's just say that work only a . Similarly, if got money allowance once every three months , let alone remain in the account , the money let sleep for 5 years . Well , after 5 years then we use to buy something that is valuable and useful . Let's just say we never got the money allowance . Apparently he apply what he said to me , his money intact . His salary and allowances of the profession was never taken . In 2014 he was about to pick it up and will be used to buy Avanza . If the salary according to him , for retirement savings .

I applaud him , the young do not actually apply how to manage family finances like that . We usually tend to spend money when it knew would get sustenance . Heard rumblings for a raise or TPP will only liquid we're already planning to buy something and go on holiday to a place too! My friend how could let the money languishing in accounts , without touching it at all . I was amazed to hear it , but my family was young , which usually still full of desire for this and that.

We went home after the rain stopped , it was just a chat to pass the time waiting letup in the rain is very useful , we can share the experience , even to the house it was still ringing my ears , I told my husband about what we talked about. My husband smiled and said, " If you can , you must be good! " I was just smiling

6 Tips to Teach Children How to Manage Finance

2013-11-03T09:14:00.001-08:00

Can we , the people are more mature , teach children about money management ? Turned out to be yes , Bro - Sist .

Is it enough to just teach frugal lifestyle ? or maybe itung - itungan about change?

It turns out there was something else ya , Bro - Sist . Namely to educate children to be able to make decisions about money , because it affects the management of money in the future . So what are the tips? let's discuss!

Give Allowance

How do I want to manage their own money if the money is not there ya , Bro - Sist ? Hehe . For that , we can entrust the child to give him pocket money . Not daily , but weekly or monthly . Remind your child that the allowance should be enough for specified time limit . Thus the child will begin to learn to manage their own finances , will be disciplined and responsible .

Teach About Budget Finance

The next step is to teach children about financial budget . One of the ways is to teach children to sort out how much money to pocket , to buy toys and to ditabungkan . Explain to them will also be the risk of wasteful

Shopping wisely

Grant all requests child is not the same as " dear son " ya , Bro - Sist . Unless the request is important and can support needs . If they want a toy , it helps us to navigate so they set aside some pocket money . With records , according to the ability of the child . That way , the child will learn to be independent and realize that we must first strive to achieve a thing , including in-kind though .

Being Examples and Determining Priority Scale

Surely it would be funny if we just give advice without being an example . Thus , we should be a role model for children . We, too, must be " neat " in managing finances and likes to save money . This will help the child in determining what needs to be a priority .

Teach Children Donate and Doing Good

No wonder religion encourages us to contribute , it turns out the effect of one -on-one social activity is indeed good . Children will be personally have high social life , not selfish and materialistic as well . So we are encouraged to bring children to the orphanage , providing some relief to the needy , accounted for the uniform no longer used, and so on .

If Kids Less Interested in Finances ?

If so , start to introduce children to the exciting things for him such as art or sports . Only after that connect the areas he likes to managing money . For example, if a child likes football , we can teach them to menyicil money to buy balls , soccer shoes , socks , etc.

3 Tips to Manage Finance For Beginners or Startup Entrepreneurs

2013-11-03T08:46:00.000-08:00

There are times when a businessman complained income from his business always runs out before the save. If there is to be saved , only a small amount . In fact , the project that he has received quite a lot . Supposedly, the business can run smoothly and lives can be happy even though there were no orders . However , the opposite happened .

This may be experienced by some people who started the business world . Moreover , if the business belonging to the family business type . At the beginning of the business , when he gets the project , the money always runs out to support the family . The term , when it's happy , forget everything . Forget having to pay electricity , telephone , internet , transport , and so on .

And one thing that is always overlooked is the record of all activities and transactions . Not many small businesses do . In fact , the recording is an important basic step that must be done to promote the business . Then , how to manage business finances are good ? Here are the things you can do like we sadur from Chic Magazine .

1. Determine the portion of the financial

The easiest way to manage business finances is to agree on what portion of the money from the beginning to be used according to the traffic needed money . For example , how much money would be used to pay for salaries , operations , and how much profit will be used to develop the business and to save.

For starters , you can try to divide the portion of 30:30:30:10 . Portion of 30 percent for salaries , 30 percent more for the company's operations , such as office rent , electricity charges , telephone , fax , transportation , and so forth . Then the other 30 percent to develop the business , and the remaining 10 percent for personal savings .

So , for example, income of $ 20 million , $ 6 million ( 30 percent ) directly cut in early to disishkan as salary , $ 6 million for operating expenses , cost of $ 6 million for business development , and $ 2 million for personal savings .

Distribution pattern with the structure of this average is not absolute . You must decide for themselves . Noteworthy is split based on the value of discipline that has been agreed in the beginning . This way , you will more easily manage business finances .

2 . Separate personal and business accounts

After a specified portion , the next step to do business financial records . Indeed, if the business is still small , we often tend to equate between the money received in the effort and money for personal gain . In fact we usually keep the money in the account number .

In fact , if the business finances and personal finances are merged , you will have difficulty in monitoring the income or expenditure that has been done . With the separation between business financial records to personal finance , it will be easier to distinguish between the flow of funds out of the business with the use of the money for personal gain .

In addition , the separation of recording can also provide further information about the financial state of the business that is being run . Especially when a number of banks already provide product support services to the financial records of your business .

3 . Do not be easily tempted

Here are the main points as a form of self-discipline effort . And , indeed the key to manage business finances is a discipline in which we adhere to the percentage share set for business and personal finances .

The temptation usually comes when it is often many orders . The goods were not already too important to be like " asking purchased " . Sometimes , when a large amount of money coming in , all of a sudden we felt the need this and that. One of them , buy clothes for the reason to make it look more appropriate when meeting clients .

There is nothing wrong satisfy that desire . But with records , you should be able to differentiate needs and wants . Before you buy something with a business reason , ask first , whether it is an urgent need or desire that can be postponed . Well , this answer will help you determine where the money can be used .

If possible you could try to use accounting software for business financial records . With this software , financial records could be done more easily and neatly . By doing so , you also do not have a gap to arbitrarily take money for personal business .

Simple Ways to Manage Family Finances

2013-11-03T08:32:00.003-08:00

Manage Family Finances

Financial problems are a common thing experienced by young families, especially in the first years of married life living. Not to mention the little guy soon be present among you and your partner. Is it true that the problem lies on the large-size family income?

"Often the problem is not a lack of income, but the wrong habits in managing money," said Ligwina Hananto, financial planning experts at an event Ayahbunda some time ago. It turns out, in reality, a father who earn hundreds of millions of dollars could be in shock when they found the money stay $. 50.00 before the end of the month.

Here are some keys to managing finances in a simple :

Understand your family's financial portfolio . Lest you do not know the contents of the savings , the amount of electricity bills , telephone , car servicing , shopping , doctor's office and other expenses . You have to know how much credit card debt , bank loan or mortgage and car .
Arrange financial plan or budget . Realistic financial plan to help you be objective about the excessive spending . No need is too ideal , so forget your own needs . Nothing wrong insert needs to go to a salon , spa or clubbing . Importantly, the budgeted amount is realistic and you must comply with the budget .
Think of a closer understanding between " need " and " want " . Quite often we spend money on things that do not matter or just driven desire , not a need . Make a list of a table consisting of columns for shopping item , needs and desires . After filling the items, fill in the " needs " and " wants" with a check mark ( V ) . From here consider the more mature , objects or things you need to buy / fill or not
Avoid debt . The temptation for the greater consumptive life . But that does not mean you easily purchase various items on credit . Grow a healthy financial habits start from the simple , such as having no consumer debt .
Minimize consumptive expenditure . Meet old friends to exchange ideas in the cafe sometimes necessary, but it does not mean you should do it in every Friday afternoon . You can use this to save expenses or other needs .
Set goals or financial goals . Arrange financial goals you want to achieve on a regular basis , as a couple . Set specific, realistic , measurable and within a certain time . This goal helps you focus more financial design . For example , aspire to have international standard of preschool education funds and so on .
Save , save , save . Change habits and mindset . Soon after receiving salary , set aside for savings in the amount you had planned to the purpose or goals of your family financially . Instead, you have a separate account for savings and day-to- day needs .
Invest ! You certainly will not be satisfied with just waiting for the savings soar . Though your ideals for families " exorbitant " . This is the time to also think about investing . Various forms now . The fear of the investment risk ? ! No need to worry , you just need to learn a professional. Consult your finances with a reliable financial expert !

How to Manage Personal Budget

2013-11-03T08:18:00.000-08:00

Managing the Budget

Creating a budget is not difficult . All you have to do is set aside time to make arrangements and planning . If it is made , a budget can be easily managed . Steps to manage a budget :

Step 1 : Determine the target

The first thing to do is to specify a target , for example, has a new home , early retirement , or preparing for education expenses .

You can group your goals into three categories : short-term financial targets , medium term and long term .

Ask yourself : What is important to me ? What do I need? What do I want? The answer to these questions will help you determine your target . If you are married , you and your partner should discuss their answers together to decide the target .

TIPS

determining Target

Write down your targets . If you already know what you want , you can begin to make a budget .

Short-term targets : Is the target you want to achieve in less than one year to the next , such as paying off credit card bills , buy a television or a refrigerator , or saving for a vacation .
Medium-term targets : Is the target that you want to accomplish in the next two or five years into the future , such as down payment on a home purchase .
Long-term targets : Is the target you want to achieve in more than five years forward , such as retirement savings and college tuition .

Step 2 : Collect information

Collect all the data of household income and expenditure . Thorough and honest when making expenditure estimates . Budget that you create must be an accurate picture , not the "best possible " . Collect the following :

- Salary Slip

- Tax Returns

- Note checkbook

- Credit card bills

- Receipt important purchases such as a car loan

- Receivables from banks or other financial institutions

- Other expenditures , such as : monthly shopping , social gatherings , school fees , etc.

TIPS

Managing information held

You have to manage the information that you have into three parts . The third section will be used to create a budget .

How much income you : Collect all types of income , such as : including " clean wage " after taxes , commissions , bonuses , social security or pension , disability assurance , interest income , dividends , and other allowances .
How much money do you spend : Collect all fixed expenses and variable expenses are not fixed . Spending is spending that amount remains unchanged every month , such as rent , loan , insurance , loan payments , retirement savings , tuition , money and other social gathering . and usually can not be contested . Expenses are not fixed variable expenses which amount is subject to change and may be reduced or eliminated , such as cable television subscriptions , daily shopping , petrol, phone bills , and others. and can be reduced or eliminated .
Number of late : Subtract total expenses by total revenues . The result is a reduction in the budget balance . If spending is greater than revenue , the budget shows an unhealthy condition . If spending less than income , then the remaining amount remaining amount is called " discretionary income " . This is a number that can be used for emergency purposes or saved to and meet budget targets . And this shows the condition of a healthy budget .

Step 3 : Understand your current financial position

After all the information collected , you can see the relationship between income and expenditure . You can use numbers when making a budget estimate for the first time , because it takes time to understand your actual financial position . This information can at least give you an idea of shopping behavior is good and right.

Step 4 : Check the number of final

The final amount that you have is the difference between your income and the amount you are spending . This figure gives an indication of whether you are spending too much money or not . If the number is positive , you can increase the amount of your savings and if the number is negative , it means you are spending more money than revenue .

If you spend more than 15 % to 20 % of net income to pay the debt and credit cards , chances are you are in a danger zone . If the final amount is negative, you have to examine your expenses , especially those that are not fixed , so that your spending habits back under control.

Step 5 : Record spending

After you do the initial stages of the budget calculations , start to record monthly expenses . Even if your final number is positive, it helps you understand your spending patterns so far .

Carry a small notebook wherever you go for the record spending and cash withdrawals . Of note that you do , you could be surprised to find your spending patterns . Many people who realized that they could spend millions of dollars just to buy snacks , clothes or pay the mobile phone bill . Usually problems arise due to the purchase of the goods are not important , which otherwise was actually not purchased anything . The purpose of this listing is to look at the pattern and amount of your expenses .

If you feel your financial mess , try implementing measures to make budget and planning below so you can get back in control of your finances . Maybe you need some time to fix the spending patterns , but you need to continue to adapt to get the most appropriate financial planning with your financial behavior and condition .

Manage the expenditure is not easy , so include your family in the planning . They also can help your financial arrangements . In addition , the changes you make may affect them as well , so they should also be involved in the budgeting process .

TIPS

Overcome financial problems begin

You will run into problems or are on the verge of a problem if your bill swell while your income has not increased . Immediately fix your finances if there are at least two points below that suits your current situation .

- Bill me monthly minimum 20 % or more of net salary , not including rent or mortgage payments .

- I withdraw cash from one credit card to pay another credit card .

- I do not know the total amount of the loan and use my credit card .

- I got a call or letter from a bank or lending institution does not make the payment due at maturity .

- I am often late paying bills .

- My credit application was denied .

- My income is not enough to pay all my bills current .

My credit card was declined while buying something because its use has been exceeded .

- I have more than three credit cards are all I use .

- I have three credit cards and still apply for a new credit card.

10 Ways Smart Set Personal Finance

2013-10-22T06:47:00.000-07:00

Personal Finance

As any income earned by workers will never be enough to meet the need, if not stopped word satisfied. On the other hand an increase in the cost of living increasingly unstoppable. If no financial smart set then not profit achieved but can accumulate debt.
Do not want to continue mired in financial management, the following 10 smart ways that can be replicated on personal financial management.

Set Financial Goals, For some people, nothing is more exciting than setting aside some money to buy a three-bedroom house with a fenced white. Another dream of traveling to all over the world. It is true if you have a definite goal will make it easier to manage personal finances. It will also be motivated to collect revenue.
Create a Spending Plan, Most people spend about two thirds of their income on three important things, namely: food, housing, and transportation. Unisex debt payments, savings, household expenses, and optional items such as entertainment. You should create an annual budget to allocate spending goals by sharing their posts.
Hold Yourself Against Temptation Bids Sale, Shop was created for shoppers emptied pockets. Promotional offers such as discounts, prizes are some of the techniques used sellers to attract consumers. But if we know their tricks, will enable us to resist the temptation of such bids. It is easier to immediately say no to all the offers.
Track Personal Expenses, Keep track of every expenditure for two weeks to filter unnecessary spending, such as restaurant meals and taxi costs.
Looking for the Offering Similar Products Cheaper Price, Pricing of the product in a store it can much more expensive than the starting price of the product. If when you want to buy a product and see a lower price somewhere else listed, please feel free to move to the store.
Perform Online Research Before Visiting Stores, Product review sites , and online discount warehouses often provide information about how and where to find the best deals. Moreover, if there is a free shipping offer , can make an online purchase as an option .
Find More Revenue from One Source, In the day and age anything can happen . Lack of job security in today's market can make anyone lose their jobs or face pay cuts. However this is fixed if there is a second source of income . Look for ideas on how to get more money .
Start Your Own Business, As in America , the recession inspired many to explore entrepreneurship as a way to take back control of their financial lives .Even relatively small businesses , such as blog that makes money through advertising or flower garden produce , can turn into a source of financial security .
Negotiate Salary Back, Many workers feel fortunate to have a job in its current state . But sometimes asking for a raise can be a smarter move . If you have recently changed jobs , received a promotion , or realize underpaid compared to other peers , it may be time to sit down with your boss and ask for a raise .
Do Avoidance of Debt, Debt has a bad reputation because it is considered lead to bankruptcy . But take credit with proper management it can be useful . Credit allows people to buy a home or finance other urgent needs . But still evaluating decisions about the impact of this debt by considering carefully