How much salary is , will be enough !
Are you confused to know that your parents with only civil servant with enough salary can satisfy all family in one month and educate us till university ? Don’t be shocked, the key is salary management.
Like what happened to Jeremy ( 25 ) , single get salary 3 million every month. However, he feels it is not enough. Every end of month, he still withdraw his saving account or even borrow to his friend to continue the rest of month.
One of Jeremy mistaken, he used to write his outcome every month, and he let money flow as his desire, not his need. Please, understand it he wants to enjoy his salary first.
Actually , the point is how the salary can be used for daily operation , but can be save some for future. well, the saving can be really for future, but for unexpectedly need.
According to money planner, based on the monthly usage salary, the outcome can be categorized into four stages, like :
1. Outcome for daily cost pose
2. Paying on installment pose
3. Insurance premi pose
4. Saving and investment pose
Installment and savings
Now we already know what will be the must outcome every month. Than what make the priority of those pose ?
The first one is to pay the installment. Our life won’t be peace to chase by it. This must 30 % of the monthly income. Including all kind of installment.
The second priority is saving and investment ( if any ) . It is not much just 10 % of your income ( more is better )
The third priority to pay the insurance premium. The budget is 10-20 % from your income every month. If you don’t have it you can continue to next pose. But if you are interested, don’t buy too many. Just choose the one can anticipate the risk and take the economical premium bonus.
At last, is everyday out come. This includes food, transport, pulse and so forth. Why it is made the last priority ? Because it is more flexible. Like the budget on transportation. Ideally , you can save 50% from your monthly payment.
Tags: family budget