Money Management after Receiving Salary
It is so common in many companies that employees are absent on the middle of the month because many of them will search side jobs since their salary money has run out. On the day you receive salary, it is for sure that all of your friends in the office will present too even they are sick. They don’t want to wait payday until next day. All of eyes will be so bright when receiving salary.
You have to manage your salary money, so you don’t get out of control after receiving this money. Good salary management will make you easy to spend money on priority scale. Start with your duty that you have paid each month like vehicle installment. Make sure that the debt is not more than 30% of your salary. Your meal, transportation and utility bills must not more than 30% too. You can separate 30% for purchasing insurance and investment.
The rest 10% must be a spare budget. It is for preparation in case you have emergency situation which force you to spend money. Nevertheless, you need to enjoy life too. Don’t forget to separate money for holiday purpose. This will make you enjoy meaningful life.
Protect Your Valuable Asset Soon
Commonly, people will have one common goal in their economic life. It is the goal to achieve financial security. Being financially secured, people will feel more comfortable to face their life. It is a fact that economic problem can cause psychological depression. There are many people who become insane because of bankruptcy. That is why, financially secure becomes realistic goal in this unstable economic era. If we are financially secured, what should we do next?
Some people will face confusion when they achieve economic financial security. They confuse about what they should do next. A recommendation for you is that you need to make investment. Investment is a means to protect your asset in the future. If you have real big capital and you want to make investment in a bank, you shouldn’t invest your money only in one financial institution. You need to divide it to several banks that you can trust.
Besides investing your asset in banks, you also need to choose another form of investment. Gold bullion can be good idea. Instead of collecting jewelries, it will be better for you to invest your asset in gold bullion. The selling price will be more stable. Those are suggestions for you when you have achieved financial security.
Money Management for Single People
It is very easy to manage money if you are a single person. Unfortunately many single people do not have good money management after receiving payday. They always lack of money in the middle of the month.
How to overcome lack of money in the middle of month? Firstly, analyze your habit for spending money. If you always go to big restaurant and purchasing expensive clothes, so you need to reduce these expenses. You can eat healthy foods which are not so expensive in the cheap restaurant. Do not hesitate to move several percentage of your money into insurance instrument which has investment plan. If necessary you can buy gold as saving for your wedding plan. Well, you must be discipline to have good money management, so you can continue this habit until you are married. This small habit will give many advantages when you are in unfortunate situation like sick.
As a single person, you must think about future expenses which will be so high because of inflation effect. With good cashflow management from now on, you will be ready to face worse economic situation. If many single people do not ready for marriage because of their economic situation, so you are not one of them.