Purpose of making other financial planning is that we can achieve financial goals to be achieved in the future. Suppose you want to be able to prepare children’s education fund, this financial objectives are intimately associated with making a monthly budget, namely in terms of making the post-post expenditure budget.
Meant to prepare for the education fund would be established an expenditure budget contains a number of funds to be deposited regularly into an education savings accounts or education insurance or other investment products within a certain time period, so as to use the funds already available.
Prior to the termination of employment, you should have a reserve fund for at least a monthly budget for the next 6 months. The funds are actually used only for daily needs (food, transportation, paying bills, and so on) for 6 months. Consideration, the period of 6 months is a pretty safe, you may need to find a new job and go back to get regular monthly income.
For that, the money you get severance pay, set aside funds for 6 months earlier to your savings account. The rest can be invested in investment instruments that are medium to long term, such as ORI, stocks, or mutual funds (types of fixed income, mixed, or shares). If you already take into account expenses carefully, but was still short, so try to find other revenue enhancements. Looking for extra income does not mean having to return to work as a fulltime employee. Because there are many ways you can do to get extra income for the family, among others:
1. You still can work again but not necessarily full-time as regular employees. But you can take a job that can be done part-time or time flexible, for example, becomes an insurance sales agent or real estate broker.
2. If you have a skill that can be sold, then use all these skills so they can generate income for you. Your hobbies cooking flower arranging expert, skilled sewing, mastering a foreign language. Find out the ways how you can offer these skills to people in need. And how people want to pay to use your services.
3. Her own business at home such as rice kiosks, selling clothing, grocery shop, selling baby equipment, and others. Consider also to join the multi-level marketing, if you have experience in opening your business and a small capital.
4. Do not forget to invest. Advantage of interest savings or deposit is worthy of your income into account as additional income.
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