5 Good Financial Habits

1. Calculate-Calculate Budget

Honestly we do not really like thinking about the budget, right? "Hard" or "never work", that is the reason that we catapult. Like it or not, aka budget budget is an important tool for financial control. You can see how much money you have, where "gone", and how much is left.

Tip: According to financial planner and director of the Women's Financial Network, Susan Jackson, so that the budget was more positive words replace it with money planning, spending plan or cash control. As he writes in his book Why Saving Is Like Dieting and Budgets Do not Work, said the budget is similar to the word diet. Well, try to be more realistic. Do not do a total change. Do it gradually. The important thing is to comply with budgetary discipline. That is why, perhaps you need to always carry a small notebook containing notes or shopping lists in a bag. If you find that your expenses still exceed the budget, do not punish yourself too hard. Remember, the change will not happen just one night.

2. Of Small

It can not be denied, the cost of living is now expensive. However, you actually still have the ability to save. Imagine now you have to save 200,000. Perhaps you will be justified because there was no funds to pay this and that. However, when an old friend called clan invite you to meet at a restaurant, all of a sudden you have the money 200,000 to go.

Advice: "You better start saving a little money rather than wait until the money actually collected a lot but never started (because the money does not get-togethers)," advises Susan. Only 10% of the minimum income that must be why you tube. If it is still difficult as well, just try it the old way of using a piggy bank (but do not be piggy padlocked and keyed, yes). You can tuck 100,000 each paycheck into a piggy bank or coin insert 500 every day of the return bus or shopping in the supermarket. Do not forget to always raise the money savings, if your salary rises or mortgage is paid off KTA.

3. Forget Credit Cards

Paying bills more than the minimum payment should be the first step to leave your dependence on credit cards. You must know the minimum payment will not erase the debt on your credit card over the flowers continue to bloom. Well, here's where you'll realize you need to make a budget. You can see the big remaining funds and may be used to pay debt. This could accelerate repayment of debt.

Tip: Another alternative is to take advantage of balance transfer program from another credit card that offers 0% interest for a period of 6 months, for example. However, according to Brouwer of Outlook Financial Solutions, a key out of debt is to change the habit of using credit cards. You can start by leaving credit card at home or not to delay payment of bills. Want a little extreme? Ask your credit card limit reductions, for example, only two times your salary. In this way, you will use credit cards only for immediate needs only and not for consumption.

4. Learn to Invest

Now, having settled the affairs of the debt, now you'll have more money to start investing. Actually, with only $ 100,000, you can already invest. Perhaps the next question is what kind of investment is right for you?

Tip: You can judge for yourself through quizzes that contained in the books of investment or financial planner for help services, the type of investor are you? Conservative, moderate or aggressive? Indeed you will be charged when consulted. However, when considering the situation, you still get the benefits anyway, the advice from the pros.

5. Do not Forget Protection

Ok, at this stage you must have successfully had a number of funds in savings and investments. However, all that means nothing if all of a sudden you are sentenced to suffer severe illness. Money saving and investment can be discharged for medical expenses.

Suggestion: The disease that is increasing due to unhealthy lifestyles, makes us inevitably must have health insurance. Especially for you who are health costs borne partially or not covered at all by the company. So, with little money set aside for protection, you can take the benefits at a later date.

Future starts Today

Maybe you think, too early to think about retirement. Newpoll survey in 2004 found 56% of workers were forced to postpone retirement plans for not preparing for retirement. Well, there's nothing wrong you start thinking about the future financial plans. Maybe you intend to retire early and do not want reduced lifestyle. That's the importance of establishing financial strategies from now on.