7 Habits to Improve Personal Finance

 

Habits that we run every day to determine what our future. Not least in financial terms. Try to observe how we handle money and habits. If until now the personal financial situation is still messy, has a regular monthly income but can not enjoy it or even mediocre deficit end of each month, it's time for introspection.

Let's recognize seven good habits that need to finance our practice to make a positive personal
1.Menabung.
    Only by saving the lives we can be more peaceful. You will be comfortable in spending in the future is already on the savings.
2. Smart shopping.
    we recognize and avoid excessive spending habits undergo. How, we only shop according to your needs and budget. That way, we can save more so that there is enough excess funds to invest.
3. Record the revenue expenditure.
    This is a simple method that can be applied to anyone. The goal, so we are much easier to control spending. By recording, we can see more details of each financial turnaround. But do not just record it, but make a note of this as a reference to make changes and improve the poor financial habits.
4. Avoid debt.
    Debt, especially consumer debt can hurt us because the flowers are very burdensome debt. Credit card interest that we often use the shopping example of three percent per month or 36 percent a year, even higher than deposit funds in the market. Debt must be controlled to achieve good financial condition.


5.Mengendalikan expenditure.
    Various ways can be done by keeping track of spending. For example with the envelope system that can help us to limit expenditures and more disciplined use of funds at ATM machines. With the envelope system, we are "forced" to use funds already budgeted through the envelope system.

6.Menjaga family financial security.
    Can be done by applying the purchase of insurance such as life insurance and health insurance. Life insurance serves to protect families from losing their living source of income a person who becomes a mainstay of the family when he died. Serves as a health insurance plan because of illness and risk of living as a replacement provider can not work while ill.
7.Berinvestasi.
    Many options how to invest, could buy precious metals gold, saving money on deposit, buy mutual funds and stocks. Inv estasi component has various advantages and disadvantages, and risks, so it depends than our profile as an investor.