Money is needed by everyone and always, but it's a shame to see a situation when a person becomes their slave and brings himself to the point where spending starts to guide him, and not vice versa.
Today we will talk about what is personal financial plan and how to make it up.
Why do you need a personal financial plan?
If you conduct a short survey among your friends, relatives, acquaintances and colleagues on the subject: "What do you lack for happiness?", The answer "Money!" Will be one of the leaders.
It always struck me.
I can still understand some grandmother with a minimal pension, which the state really gives out a shamefully meager allowance, which does not cover even the basic expenses.
But I run into a stupor when people complain that people are making quite decent money for not having money.
I have one sad example: the monthly income of a family exceeds 2 thousand dollars, but people for ten years have not managed to use their decent earnings.
They continue to live in an old apartment without repair, barely repaid a loan product of the domestic car industry, which is already beginning to pour, but that there - they even were not abroad even once.
It is clear that there are no savings or investments at all.
Everything that my friend earns, she immediately spends, and, really, she can not even answer: what exactly is she spending two decent salaries?
Fortunately, my friends, whose average monthly income is 400 dollars, help me not to lose faith completely in humanity.
In the apartment left by the parents they made a cozy repair, bought a second-hand foreign car and made a doll from it, for six years of joint life they managed to visit several times in Turkey, Egypt, Montenegro.
And their travels in Ukraine can not be counted.
So far, it's true, these my friends do not get too much to save for a rainy day, but they continue to work on it.
How to make a family budget?
Such a different attitude to money is explained simply: the first pair generally disconnects the brains when it starts spending, and the second thinks about the how to draw up a financial plan for .
Today you will also learn how to compose it, that is, optimize your earnings and expenses.
What do you need to make a financial plan?
Some people think that it is impossible to draw up a financial plan without an economic education.
Like, only accountants or financiers can disassemble with long columns of numbers and not get confused.
Nonsense!
In order to intelligently manage your earnings, you do not need to know any special wisdom.
This business will take no more than 10 minutes.
All you need is a pen with a sheet of paper, a sober head and a calculator, if you really think so badly in your mind.
And, of course, it is impossible to make a personal financial plan without the finance itself.
If you do not work anywhere or interrupt random shabaks, then planning something is silly.
First you have to get a good job or start your own business, and then with an important view to distribute what to spend.
It is not necessary to undertake planning and those who receive negligible.
If your monthly income does not reach up to 1 thousand hryvnia, then do not hope that you can allocate this meager amount for a month.
If you are healthy, young, have hands-feet and head on shoulders, then find another job with a good salary.
5 tips from an expert on how to draw up a financial plan
In total, 5 steps are needed in order to create a competent financial plan that will help you secure a secure future and not depend on government handouts, which our rulers call a pension.
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Determine the exact amount with which we work.
If you and all family members have a stable monthly income, then there will be no difficulties with this stage.
Harder for those who earn depends on many factors: for example, the amount of sales, successfully held presentations, the number of written texts, etc. In this case, you have to take the arithmetic mean.
To show you an example of how a financial plan is drawn up, I'll take an arbitrary amount.
Let it be 1 thousand dollars.
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Set aside 10% of the amount for a deposit or an investment project.
If you have just started to prepare your financial plan, you must initially accumulate a reserve fund( RF), that is an inviolable stock that will help you if you lose your job.
The reserve fund should be at the level of 3-6 monthly salaries. The more popular your profession, the less can be RF.
Once you have filled your RF, start investing 10% of your income in profitable projects or just put that amount on a deposit.
1000 $ - 10% = 900 $.
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Subtract the amount of the rent and monthly payment for the loan( if any).
With a credit payment, I think everything is clear, you do not need to explain. Let's stop on the rent.
Since now everyone has meters, then the monthly cost of utilities is different. For example, in winter, residents of private houses pay much more for gas than in summer.
Put in the financial plan the maximum amount for utilities. For example, $ 150.
900 $ - 150 $ = 750 $.
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We save money for entertainment.
Yes, this expense item should be under control.Estimate how many times a month you arrange gatherings with friends, family outings, romantic dinners in a restaurant. Add here gifts for birthdays and other celebrations to close people. For example, you need $ 250 for all this.
750 $ - 250 $ = 500 $.
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We live for the rest of the sum.
You have 500 $ left.
To calculate the budget of one week, divide $ 500 by 4.3( because the month is usually 30 or 31 days).
You get $ 116.
How to spend money?
This amount should be enough for food, clothing, travel, household chemicals, cosmetics and so on.
Try not to exceed it.
Get rid of the habit of lending or getting into a reserve fund.
On the contrary, strive to spend less than you earn.
Then you can start investing in your own future much faster.
And to motivate the application of the acquired knowledge in practice
I propose to watch the following video:
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At first it will be incredibly difficult for to draw up a financial plan for , especially if you do not earn a lot.
But gradually the process will be adjusted and you will understand how pleasant it is: to control own expenses and take care of your financial well-being.