Posts Tagged ‘Manage finances’
Woman’s Financial Condition According to Her Age
August 3rd, 2010 | 
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Age 20 years for women in general are now starting a career and a job. This is when young women began to earn. Furthermore, the financial needs begin to increase as the age and status of single or paired (with or without children).
The financial needs of women began to increase after marriage, childbirth, educate children, to retire. After a period of retirement age, you are no longer productive, it means no more income productive age appropriate. With appropriate financial planning stages of your life, you can get a better financial condition though no longer productive.
Prudential’s share ways to manage finances, as outlined in the book titled “Managing the Fund for Women Tips: Investing in Your Future.”
Single people aged 20-30 years
Should begin to recognize your financial condition in the early career and work, while you are still very productive. You must already have an income, but check back to how much expenditure or liability, such as personal loans, credit card bills, or help the needs of the family.
Do not forget, there are expenses associated with your wishes. For example, want to have a private vehicle, laptop, vacation, continuing education, get married and honeymoon.
By understanding the sources of your income and expenditure, continue preparing a monthly budget. Allocate finance under the post and scale of your priorities. We receive a monthly salary, simply take 10 percent for savings (read: Tricks Without Spending Salary Guilt).
Begin to familiarize yourself to be disciplined and committed to manage your finances from the age of earning.
Couples aged 25-35 years
Since getting married, you and your spouse had total income increases. Personal expenses can be more efficient because it is borne along. But still allocate a reserve fund amounting to 3-6 times the monthly expenditure. Also, start looking for the right investment products as required. Of course, before you have first have a savings.
Insurance needs are also important for those of you who have more funds. Polar life insurance for the head of the family.
If two heads have different wants and needs, then communicate and set long term goals together. For example, you and your partner will want to honeymoon. Preparation of pregnancy and childbirth have also started planned financially for a young couple, including other needs such as vehicles, homes, and children’s education. Set the priority of needs and how to plan finances.
Couples aged 30-40 years with children
In the case of desires and needs, you and your partner must be adept at distinguishing the two things that often disrupt the financial stability. Set priorities together, what need would you and your partner dahulukan? Education costs, home, family holidays, happy children, or helping a parent?
Seeing the higher costs due to inflation which is always increased every year, be sure you have a small family savings. Householders should start with life insurance guarantee life. If husband and wife work, plan for investment as well as “saving” your retirement future.
Manage finances by setting priorities and allocating funds from monthly income, can save you from financial ruin. At least you have a reserve fund, savings or investments that could be sold if there has been an unexpected condition. Such as critical illness, layoffs, or even forced to divorce. As a woman, you also need to be financially independent.
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