Personal Finance How to Manage and Maximize Income Supplement
One of the symptoms that usually occur among young people who have income are increasing needs of life, aka the increase in expenditure. whereas, before his own income (from the parent item), he usually can not live with ‘crude’, but when it can be ‘independent’, the pattern of his life had changed little by little.
There bebarapa things that can be used as steps for managing finances, especially for those who are ‘long life’ and on the other side of the mental ‘adequacy of a sudden’ after his own income.
First, 50 percent of revenues. that is, spend a maximum of 50% of revenue / income (take home pay). This concept of training to always live under its maximum capacity. because it is not always the wheel of life is above, below and sometimes pinched condition. if we could earn a month, then with 50% of revenue, it is enough to live 2 months. if 3 (months or years), then 6 (month / year). That’s a practical example.
From the above concept, then at least 50% of income going to savings (saving). minimal, so it could have been larger nominal must be saved than spent. by savings or deposit it, then trigger the next action.
Second, investment, and investment. The most fundamental cornerstone of investment (in the real sector) is the value of money continues to decline with time (time value of money). even greater savings, the sheer number of large real exchange rate will be reduced over time. say a big interest (interest) or profit sharing (profit sharing) of financial institutions a maximum of 6% per year, while average annual inflation of 8%, then the value of money saved in the exchange rate will fall 2%.
In addition to consideration of time value, there are other considerations that drive the real sector and participate socially. The real sector is the field of business engaged in the community. the real sector is not exactly directly related to the macro economy, represented by the level of economic growth, GDP (Gross Domestic Product), balance of payments, etc., or with the devices such as the stock market. It could happen, a country with high GDP JCI fanstastis but the real sector was not enthusiastic. it may be due to new investments (real) does not occur and the only ‘game’ buy / sell shares (or other financial means of exchange) only.
Investment of social reasons, because it is usually close friends or relatives who need a pioneering new business venture or investment capital, where the formal financial institutions is likely to assess the feasibility or the confidence level (reliability) is low on the new efforts are initiated. Sure, it does not mean investors are non-financial institutions are not counting the risk. What a pity, if the sacrifices made by the concept of 50% had ended with no results even lost investments as well anyway.
It seems, investment issues will be discussed in more detail in another article later on, because there are some things that should be equally considered in investing, namely profitability (profit), durability (resistance), and the most important blessing.
So, the more important at this time how to run the concept of 50% so as to set aside more money (in nominal investment ‘small’, is certainly very rare), and then think for investment. his question then, what is the minimum amount of income so that the concept of 50% could walk?
The question provides a subjective answer because the ‘standard’ every person is different. a factory worker in Jakarta will probably earn about 1 million (corresponding UMP) and with some extra to put 2 million to the home (take home pay). there is more below that number, but not a few others on it. I think number 2 tersebutlah (there are friends who refer to 1.5) which can be used as the lower limit of the cost of living in big cities (read: New York).
Later, the concept of 50% moving from the lower limit. For example, if the income of 2.5 million, has 500 thousand at least can be saved. and if 10 million, the maximum spending should be 5 million. once again, all up to personal because ‘living standards’ each is different, the person single or married, who had married between the two of them worked or one, and between live jakarta or Jogjakarta. Number 2 would be great for the former overseas students who can live with 500 thousand / month (excluding tuition fees + contract), or become meaningless because the 2 million it had also run out of fuel for cars (let alone the toll, parking etc).
However, that is where we actually have to measure ourselves, where we actually are. The essence is, paradigm and our versatility in managing finances and set aside some money as much as possible. And lest, like the saying goes, Big Stake Than Pillar. Substantial income, it could open opportunities to deviate is greater. That’s right, but not always guarantee. More definitive, large income people will push for more spending.
Finally, rather than the size of income, but how much can be saved. And should, provide a ‘souvenir’ to the mother, though he still could, because he would be happy with her condition. And do not forget, the obligation of zakat and or infaq to be accomplished.
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