Paul Chaney Business

Archive for the ‘finance tips’ Category

Practicality and ease the main reason some people use more than one credit card. Credit cards are not only easy when shopping (because do not have to carry cash), but also useful when you pay your hotel bill when you’re abroad for example.

Credit cards become problematic when you can not self control when using it. So, before you have a credit card, it is important to understand how to use it intelligently.

Syafriady Hutagalung, financial planner, writing in the Financial Consultant Group defines credit cards as a form of loan account that can be used continuously within the specified time period. The man who was familiarly called Adhie this continues, the loan account has been determined maximum limit that can be used by the borrower. Borrowers can use these funds continuously provided that not reach the maximum limit. Each time the debt repayment of the loan will reduce the balance in the account. This means funds can be used also increases.

credit card user is the borrower. So make sure you have strong self control for wise use of loans. However credit card is debt.
there are some disadvantages and advantages of using a credit card:

Advantages:

* You will not be charged interest if you pay your debt until paid off under the grace period (prior to maturity) within 25-30 days.

* Simplifying the registration because the credit card company will send a report to your account.

* Convenience and can be used when not have cash for unexpected needs.

* The risk is lower than carrying cash.

* Can be used around the world because the issuing bank in cooperation with the international financial network that is recognized throughout the world.

* Benefits of the current widespread because the issuing bank has worked with several merchants to provide special discounts with credit card.

Weaknesses:

* You tend to spend more with credit cards so that the consumerism trend higher.

* High interest rates. You have to pay high interest for the balance that has not been paid.

Tricks:

* Save your credit card for payment by installment system. Do not get stuck to always rely on payment by credit card if you can only pay the loan installments.

* Do not buy their daily needs through credit cards because you will be addicted and then get stuck with consumer debt. Pay cash for daily basic needs, and save your credit card at home.

* Pay your bills before the due date to avoid interest.

* Pay your bills at the amount of groceries. That is, do not indulge yourself by delaying payment of bills. If not capable, then the self control to not only shopping with credit cards.

Having a house is indeed a pleasure for us. In addition to the obligation to pay taxes and incur expenses to enhance your home, you also need to prepare ourselves fatherly set aside extra funds in terms of home care to prevent bad things happen to your home.

For instance, if you are negligent in managing electricity at home, disaster such as fire or electric shock may occur.  So, here are some things that need to be considered in nursing homes in order to prevent these unwanted things that may harm you.

1. Electrical equipment
Whatever the problem on the electricity at home, should be quickly addressed in order to prevent bad things like fires. Do not leave electronic devices turn on continual rapikanlah cables and electrical connectors and make sure the Stop The contacts are not loose and so there is no short circuit.

2. Leakage
When the roof is leaking or you have previously seen the roof color change due to water entering the roof, must not be ignored because it could get worse. Find leaks and fix immediately. So also when a leak in the toilet, sink, or there are droplets on the wall. All that must be addressed urgently to prevent more severe damage.

3. Air conditioning
If your house has air conditioning system, care and clean on a regular basis at least once a year so durable and more efficient so you do not have to pay extra to fix fatherly.

4. Roof
If your roof is missing, cracked, or seen decreases, there will soon replace it before further damage.

5. Foundation
Just as a relationship, the foundation must also be strong to maintain its continuity. Make sure your house foundation remains strong and sturdy. If there is a rift, immediately improve for the water can not seep into it.

6. Window
Keep the cool air-conditioned house with the windows closed the meeting house. In addition, closing the window would also prevent the entry of wild animals such as cats into the house.

7. Gutter
Make sure the front of your house gutters also smooth and clean. Clean at least twice a year in order to prevent congestion and improper drainage.

Money is one of the main sources of argument in the couple married. But, not necessarily that is the situation. Indeed, if handled carefully and wisely, money can be increasingly close relationship partner.

The main key is communication. Starting today, try to be cooperative in managing family finances by implementing some of these tips:

Build connections

Setting goals related to financial issues together, can make the relationship with the couple became increasingly tight. Mutual of dreams about home, children, and retirement plans, will unite you and your husband’s life.

Increase empathy

Understand the root of your husband’s financial habits to help you understand it, and vice versa. Instead of cranky with his custom to dissipate it, try to find out where these habits originated.

Mutual acceptance

Accept the fact that you and your husband would argue about money. It is indeed reasonable. Try to embrace and minimize these differences by seeking middle ground.

Share value

Write down the values that you embrace as a couple, and determine how to make financial decisions that can be taken in accordance with those values. This is useful as a reminder about the things that unite you and your husband at first, and keep the fundamental values are still alive.

Enjoy life

Look at money as a tool that can bring good things in your life and your partner, such as houses, children, travel, through charitable donations and a comfortable retirement.

Joint effort

Open-minded and responsible answer when the financial delegate. Just because one party has long set the budget or investments, it does not mean he should do so forever. Both parties should be involved in setting family financial goals. In addition, they also have to check those goals regularly so that everyone assumed the same responsibilities, as well as strengthen the foundation of the relationship.

If you are reluctant to queue at the cash cars floating around to exchange the new money, try to come to your house to the nearest bank.

Head of Public Relations Bureau BI, Difi A Johansyah, in Jakarta, Thursday, August 12, 2010 explains the BI launch a pilot project of cooperation with the currency exchange small pieces of 10 banks in 50 bank branches in Greater Jakarta.

Small fraction of money changers in 50 different bank branches with cash around BI serving the general public. The focus of the currency exchange services in 50 small fragments of the bank is to visitors and customers of the bank.

Here’s a list of banks and money changing the location of the pilot project in collaboration with a small fraction of BI:

1. Bank Artha Graha, Branch Office in Tanah Abang, Jatinegara, and Mangga Dua Morning Market.

2. Bank Central Asia (BCA) in the Branch Office Asemka, Pluit, Sudirman, New Market, Daan, Thamrin, Wisma Asia, Wahid Hasyim, and Rawamangun.

3. Bank Negara Indonesia (BNI) in Tanah Abang Branch, Grand Indonesia, Wisma 46, Rawamangun, Pondok Indah Mall, and Mayestik.

4. Bank Rakyat Indonesia (BRI) in the Branch Office Jatinegara, Pasar Minggu, Kebayoran Baru, City, Tangerang and Cilegon.

5. Bank Danamon Branch Office Phone City.

6. DKI Bank Branch Juanda, Matraman, Permata Hijau, Lower Dam, Tanjung Priok, and the Mayor of East Jakarta.

7. State Savings Bank (BTN) at the Harmony Branch, Bekasi, Tangerang, Bogor, Ciputat, Depok, and Cikarang.

8. Bank Mandiri Branch Juanda, Kebon Sirih, Falatehan, Juanda Bekasi, Tangerang Ki Samaun, and Depok.

9. UOB Buana in the Office of Harmony, Asemka, and Green Garden.
10. Bank of North Sumatra in Jakarta Main Branch, Commander Polim, and Tanah Abang.

The current cost of education becomes increasingly large. Therefore, education funds should be prepared well in advance rather than when the child will attend school.
A family who already understands the family expenditure and has been preparing financial planning education funding since the child was born.

There are a number of steps in preparing for education funding. First, determine the child’s school. Families should know that education is clearly desirable for the child and adjusted to the ability of children. Family can not force children to attend schools far above the standard value is the ability of the child.

Second, calculate the costs needed for the education of children. Families should gather information on the costs required for the education of children. These costs include school fees, building fees, recreation fees, cost of books, and other costs.

Inflation and interest rates
Third, determine the rate of inflation from now until the child goes to school even when the kids get educated in the schools. The inflation rate can be calculated using inflation rates are now assumptions. When the inflation rate is now too small, the estimated inflation rates to be raised. If this year we have five percent inflation, the family should raise the inflation rate around 6 percent to 7 percent.

The government itself has appropriate expectations of inflation, moderate, and worst. Families also can ask a research institution or agency that issued the inflation, such as the Central Bureau of Statistics or economic experts; in order to get inflation numbers are valid and reliable for estimating the future.

Fourth, calculate the interest rate prevailing in the future. Interest rates are predicted in the future can not be separated from the estimated inflation rate. Interest rates are a reflection of the prevailing inflation rate. Therefore, families must obtain a desired level of real interest the government every year. When the desired real interest rate the government about 1 percent to 2 percent today, the prevailing interest rate is the result of the real interest rate with inflation. When inflation 7 percent, and the interest rate of 8 percent to 9 percent.

Fifth, determine the magnitude of savings that are made. When the funds needed have been determined and the amount of time to get to school children, families can determine the amount of savings each month. For example, families need a fund of Rp 75 million, of which these funds are needed in five years or 60 months, the fund should be set aside from the monthly household income amounted to USD 1.25 million. That is, funds amounting to USD 1.25 million of savings are kept under the pillow have not bred through investment. When families make an investment, the funds set aside will be smaller and very good if more time to invest.

In the conduct of investment options, families can invest their own or place them on the investment manager and also combined it with insurance. When used alone investment, the investor requires knowledge of investment and takes time. When deposited, the family must get the information more widely, both interest rates and banking conditions in question. All actions must contain risk and the family must be understood.

Education Insurance
When families choose education insurance, it should be realized that in addition to paying an insurance premium, the family also invested. Useful insurance premiums to pay tuition fees when the family could no longer pay the mortgage investment. This could be due to the inability of the insurer the premium can not work or death.

When the family took the insurance, household expenditures for education fund savings will be greater. On the other hand, the family does not need headache thinking about investments that will be done in order to achieve the desired educational funds. Risk in the future has been transferred to the family insurance through premium payments. However, this insurance is not required if the family knew exactly health and for the foreseeable future. Families should know exactly the skills that families can provide the education fund.

As described previously, in preparing for this education fund, the family would face the risk, both risk tightening of household expenditures, investment risks, and risks of the funds needed for swollen with the situation. Families must prepare themselves to address these risks by looking at education funding very carefully.