21.24
Yamamoto
The Importance of Understanding Your Financial Life Cycle
In line with the passage of the human life cycle ranging from infants, toddlers, children, adolescents, adults, parents to the elderly, the various views and our financial needs are also always changing according to circumstances. For example, when someone was in the 30s, chances are very enjoying his youth, worked diligently and aggressively, but chasing with consumptive lifestyles are struggling with credit card bills Approaching retirement at age 50's, someone usually is trying hard to make sure already have enough money to be able to resume his life after not working, looking for safe deh!
In this opportunity, let us learn some of the keys to financial decisions in every phase of human life - which I think we need to understand thoroughly. Studying it aims to facilitate financial decision making, what we need to do and what we do should not be associated with money from every stage of our lives. Moreover, the benefit not just only to increase our own knowledge, but also helps to understand the needs and views of others financially, according to age as well.
Because the imperative for us to be able to occasionally put yourself in someone else financially. For a financial decision that can rarely stand alone, both you who are single or married, or you have dependents or you just covered. There's always other people influence and interests therein.
Elementary school age to graduate university with S1 in the age of 20
* At the age of 0 to 18 years, most people were still in elementary school education and all living expenses borne by parents. "Life is beautiful, with no responsibilities what so ever .. "Picture that's about someone's life in childhood and adolescence. It's just as beautiful as it is not reality when it comes to money. You know how in the days of old school, the difficulty of asking for money in the elderly. No.
* While in college, most of you may still be financed parents, but the influence of friends, follow the trend or mungkian indeed forced many of you even have to work part time looking for additional income for the additional cost of college. With the rising cost of tuition, transportation and books, it is rather difficult if it must rely on parents.
Besides having his own money, it sound more cool and slang. Menntukan freer choice in spending money, as well as an occasional treat parents and friends can be proud. As long as they can share time with class schedules that must be resolved, then worked part-time or trying to get his own money while college course can be done. Working while you study it with a positive use of leisure time, of course, we can more or less practicing what is learned during this in school,
At the age of 20
* You may also still want to go to school because the desire to learn also still mengebu-enthusiasm. Fortunately, if parents can help you pay for education costs, but most likely the parents can not help too much because the level of advanced education after high school or equivalent education advance learning far more expensive than basic education in elementary through high school. So to pay the cost of further education are likely to be undertaken alone. Can also try to get a scholarship to sponsor your education costs. Another case if you want to take out a loan for the purpose of paying tuition fees, the burden of educational costs as a result become more severe, because you also pay interest on their loans. Only if you believe that the benefits far greater than the money spent, then spend more money to continue your studies may be conducted. Conversely, if only as a driven desire to get the prestigious brand with no further effort to replace the money runs out before, then education may become a hobby or recreation facilities that are too costly in terms of money, effort and time that have been sacrificed.
* Do you remember the first time get a salary? Your income is not too great at this time because it began to develop shopping habits in a way to spend money in accordance with the planned budget.
* At this time most people are still lazy to save money, but diligent shopping. But no matter how your income, try to always be able to set aside money regularly from your earnings each month. Make sure that you have savings in banks, with a comfortable condition, complete facilities, low administrative costs with competitive savings rates. Separate savings account with an account of salary,
* Try to establish a reserve fund, which is deliberately set aside some funds to finance its expenditure sudden emergency. At this age requirement has not been too large a reserve fund so that sufficient reserves of 1 times the expenditure is per month. You can place this reserve fund account in a savings account
* Start thinking about retirement preparation, although still far from the truth alias is still a long time you retire, no one has started to prepare from now. It's never too fast and too early for retirement preparation. If your employer has a pension program their own distinction, join, or you bsia Social Security retirement program of the government or buy pension plans offered by other institutions such as finance, banks and insurance companies
* Do not buy life insurance if you do not have dependents or unless there are debts to be covered, but consider taking health insurance if your employer does not mencover this cost.
In the 30s,
* At this point you probably already married. Because it is necessary once mencover your income with life insurance especially if you already have a child. Do not let the family that you leave behind have suffered too badly financially because you died too soon
* With the child, then it is time to prepare the child's education fund. You can prepare by saving money on education savings accounts, take out of education or into other investment products.
* Also consider taking a more comprehensive health insurance such as accident risk mencover insurance, critical illness, permanent disability resulting from accidents, or other health risks of risk-which is not covered by medical benefits from your company
* Do not forget to mencover your property with insurance vehicle insurance as well as fire insurance
* Make sure you take the mortgage down home loan or mortgage that is not too burdensome to you. Take the time to compare mortgage deals between banks and the one with that and do not be lazy to hunt for your dream house, to fit between the budget with the desire.
* If you already have a number of treasures, make a will. Making a will is actually easy and not expensive, but people are not used because it does not know how. Though very important to do for families left behind are not fighting over the estate, also facilitate berbgai paperwork for couples and children. We recommend that you ask the friend who is an expert or a notary who is experienced in making a will.
* Evaluation keep pension plan that you follow, be sure has provided a number of investment return you expect.
* If you are still grappling with credit card bills, try to control your lifestyle and gradually paying off bills debt. At least look for ways how you can pay this debt repayments with the most inexpensive way.
* Add your knowledge and experience in investing, be creative and start investing outside of a bank product. Look for investments with low cost, flexible investment deposit, easily accessible, even if a small tax could be tax free, and liquid.
In the 40s usa
* Seek to increase the deposit of savings and investments each year primarily for retirement preparation. Make sure the deposit of savings and investments always go up in accordance with the increase in your income. Each time you get a better fortune in the form of bonuses or THR, Set aside in advance to increase your investment.
* Evaluation of Sum Insured more life insurance that you take, whether the number has been in accordance with the need to cover the risk of losing income. If the cost of your family life has changed, up or down, so should the amount of money was also adjusted his life insurance coverage
* Ensure that your mortgage repayments still running properly on schedule, keep all records following receipt of final balance your mortgage debt. If interest rates rise, and therefore the number of installments to be too heavy, you can consider to extend the time limit.
* Conversely, if lucky you have a fairly large number of funds, can be considered to hold some or seluruhnys mortgage repayment of the remaining mortgage balance is now. Doing this can make you save on mortgage interest payments, and speed up settlement.
In their 50s
* While before retirement, you should know the final balance of your retirement, so they can make an evaluation and revision if the funds collected are still far from the target,
* Review all your investments, if almost all of your investment risk and allocate it immediately perform iversifikasi is proportional to the investment risk is lower,
* Record mortgage home loan the last time and make sure that home loan repayments have been completed before you retire,
* Consider having the old-age health insurance, which cover health care costs and hospitalizations that occurred in the hospital. Old age health insurance or long-term care insurance is the benefit should be enjoyed at the time of retirement until the rest of your life,
At retirement age, 55 or 60s
* This is the time to claim the pension fund of a pension plan that you follow along. Pension funds are followed from the company you work for, usually give the total pension funds in seklaigus front, so that your next stay mengemabil accordance with the needs of every month, and the rest to continue growing menginvesatsikan into investment instruments that are not at risk terelu namaun can give opinions remain equivalent to interest.
* If you mengiktui be held Social Security retirement program, immediately filed a claim with the agency of this government. You can get two choices, whether it can be taken at once or take it like a monthly salary. If you had changed jobs several times, but the Social Security retirement program at your previous company has not had a claim, but had already started a new one, do not hesitate to file a claim separately
* Perhaps the first ever fun retirement program offered by a bank or insurance company. Do not be ashamed to make a claim simply because they feel money is not much. For a little or a lot during this age will be very significant amount.
* Maximize all your assets are unemployed to soon be able to generate income for you. For example if you have land, buildings or unemployed kendaaraan, mungkina you can try to get rental income from those assets.
* Be careful in high-risk investments, the fluctuating character probably less suited to their age and your health.
* Double check your will if it's the way you want, make changes if necessary. Make sure you and your spouse take the kids to know about the will,
* Consider setting aside some funds in cash to prepare funds for you and your partner's death. It sounds very unpleasant too menakutan, but this action will greatly help the families left behind, although not able to reduce the misery of people who love you that you have left
In line with the passage of the human life cycle ranging from infants, toddlers, children, adolescents, adults, parents to the elderly, the various views and our financial needs are also always changing according to circumstances. For example, when someone was in the 30s, chances are very enjoying his youth, worked diligently and aggressively, but chasing with consumptive lifestyles are struggling with credit card bills Approaching retirement at age 50's, someone usually is trying hard to make sure already have enough money to be able to resume his life after not working, looking for safe deh!
In this opportunity, let us learn some of the keys to financial decisions in every phase of human life - which I think we need to understand thoroughly. Studying it aims to facilitate financial decision making, what we need to do and what we do should not be associated with money from every stage of our lives. Moreover, the benefit not just only to increase our own knowledge, but also helps to understand the needs and views of others financially, according to age as well.
Because the imperative for us to be able to occasionally put yourself in someone else financially. For a financial decision that can rarely stand alone, both you who are single or married, or you have dependents or you just covered. There's always other people influence and interests therein.
Elementary school age to graduate university with S1 in the age of 20
* At the age of 0 to 18 years, most people were still in elementary school education and all living expenses borne by parents. "Life is beautiful, with no responsibilities what so ever .. "Picture that's about someone's life in childhood and adolescence. It's just as beautiful as it is not reality when it comes to money. You know how in the days of old school, the difficulty of asking for money in the elderly. No.
* While in college, most of you may still be financed parents, but the influence of friends, follow the trend or mungkian indeed forced many of you even have to work part time looking for additional income for the additional cost of college. With the rising cost of tuition, transportation and books, it is rather difficult if it must rely on parents.
Besides having his own money, it sound more cool and slang. Menntukan freer choice in spending money, as well as an occasional treat parents and friends can be proud. As long as they can share time with class schedules that must be resolved, then worked part-time or trying to get his own money while college course can be done. Working while you study it with a positive use of leisure time, of course, we can more or less practicing what is learned during this in school,
At the age of 20
* You may also still want to go to school because the desire to learn also still mengebu-enthusiasm. Fortunately, if parents can help you pay for education costs, but most likely the parents can not help too much because the level of advanced education after high school or equivalent education advance learning far more expensive than basic education in elementary through high school. So to pay the cost of further education are likely to be undertaken alone. Can also try to get a scholarship to sponsor your education costs. Another case if you want to take out a loan for the purpose of paying tuition fees, the burden of educational costs as a result become more severe, because you also pay interest on their loans. Only if you believe that the benefits far greater than the money spent, then spend more money to continue your studies may be conducted. Conversely, if only as a driven desire to get the prestigious brand with no further effort to replace the money runs out before, then education may become a hobby or recreation facilities that are too costly in terms of money, effort and time that have been sacrificed.
* Do you remember the first time get a salary? Your income is not too great at this time because it began to develop shopping habits in a way to spend money in accordance with the planned budget.
* At this time most people are still lazy to save money, but diligent shopping. But no matter how your income, try to always be able to set aside money regularly from your earnings each month. Make sure that you have savings in banks, with a comfortable condition, complete facilities, low administrative costs with competitive savings rates. Separate savings account with an account of salary,
* Try to establish a reserve fund, which is deliberately set aside some funds to finance its expenditure sudden emergency. At this age requirement has not been too large a reserve fund so that sufficient reserves of 1 times the expenditure is per month. You can place this reserve fund account in a savings account
* Start thinking about retirement preparation, although still far from the truth alias is still a long time you retire, no one has started to prepare from now. It's never too fast and too early for retirement preparation. If your employer has a pension program their own distinction, join, or you bsia Social Security retirement program of the government or buy pension plans offered by other institutions such as finance, banks and insurance companies
* Do not buy life insurance if you do not have dependents or unless there are debts to be covered, but consider taking health insurance if your employer does not mencover this cost.
In the 30s,
* At this point you probably already married. Because it is necessary once mencover your income with life insurance especially if you already have a child. Do not let the family that you leave behind have suffered too badly financially because you died too soon
* With the child, then it is time to prepare the child's education fund. You can prepare by saving money on education savings accounts, take out of education or into other investment products.
* Also consider taking a more comprehensive health insurance such as accident risk mencover insurance, critical illness, permanent disability resulting from accidents, or other health risks of risk-which is not covered by medical benefits from your company
* Do not forget to mencover your property with insurance vehicle insurance as well as fire insurance
* Make sure you take the mortgage down home loan or mortgage that is not too burdensome to you. Take the time to compare mortgage deals between banks and the one with that and do not be lazy to hunt for your dream house, to fit between the budget with the desire.
* If you already have a number of treasures, make a will. Making a will is actually easy and not expensive, but people are not used because it does not know how. Though very important to do for families left behind are not fighting over the estate, also facilitate berbgai paperwork for couples and children. We recommend that you ask the friend who is an expert or a notary who is experienced in making a will.
* Evaluation keep pension plan that you follow, be sure has provided a number of investment return you expect.
* If you are still grappling with credit card bills, try to control your lifestyle and gradually paying off bills debt. At least look for ways how you can pay this debt repayments with the most inexpensive way.
* Add your knowledge and experience in investing, be creative and start investing outside of a bank product. Look for investments with low cost, flexible investment deposit, easily accessible, even if a small tax could be tax free, and liquid.
In the 40s usa
* Seek to increase the deposit of savings and investments each year primarily for retirement preparation. Make sure the deposit of savings and investments always go up in accordance with the increase in your income. Each time you get a better fortune in the form of bonuses or THR, Set aside in advance to increase your investment.
* Evaluation of Sum Insured more life insurance that you take, whether the number has been in accordance with the need to cover the risk of losing income. If the cost of your family life has changed, up or down, so should the amount of money was also adjusted his life insurance coverage
* Ensure that your mortgage repayments still running properly on schedule, keep all records following receipt of final balance your mortgage debt. If interest rates rise, and therefore the number of installments to be too heavy, you can consider to extend the time limit.
* Conversely, if lucky you have a fairly large number of funds, can be considered to hold some or seluruhnys mortgage repayment of the remaining mortgage balance is now. Doing this can make you save on mortgage interest payments, and speed up settlement.
In their 50s
* While before retirement, you should know the final balance of your retirement, so they can make an evaluation and revision if the funds collected are still far from the target,
* Review all your investments, if almost all of your investment risk and allocate it immediately perform iversifikasi is proportional to the investment risk is lower,
* Record mortgage home loan the last time and make sure that home loan repayments have been completed before you retire,
* Consider having the old-age health insurance, which cover health care costs and hospitalizations that occurred in the hospital. Old age health insurance or long-term care insurance is the benefit should be enjoyed at the time of retirement until the rest of your life,
At retirement age, 55 or 60s
* This is the time to claim the pension fund of a pension plan that you follow along. Pension funds are followed from the company you work for, usually give the total pension funds in seklaigus front, so that your next stay mengemabil accordance with the needs of every month, and the rest to continue growing menginvesatsikan into investment instruments that are not at risk terelu namaun can give opinions remain equivalent to interest.
* If you mengiktui be held Social Security retirement program, immediately filed a claim with the agency of this government. You can get two choices, whether it can be taken at once or take it like a monthly salary. If you had changed jobs several times, but the Social Security retirement program at your previous company has not had a claim, but had already started a new one, do not hesitate to file a claim separately
* Perhaps the first ever fun retirement program offered by a bank or insurance company. Do not be ashamed to make a claim simply because they feel money is not much. For a little or a lot during this age will be very significant amount.
* Maximize all your assets are unemployed to soon be able to generate income for you. For example if you have land, buildings or unemployed kendaaraan, mungkina you can try to get rental income from those assets.
* Be careful in high-risk investments, the fluctuating character probably less suited to their age and your health.
* Double check your will if it's the way you want, make changes if necessary. Make sure you and your spouse take the kids to know about the will,
* Consider setting aside some funds in cash to prepare funds for you and your partner's death. It sounds very unpleasant too menakutan, but this action will greatly help the families left behind, although not able to reduce the misery of people who love you that you have left
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