Almost everyone has had the debt. You should immediately reduce consumer debt and non-productive debt. If you are married and you and your wife work. May pay the debt will be lighter. As much as possible the debt is only 30% of routine primary income. Husband’s income is usually the main income. When women work will usually tend to have conditions that should lead to a sudden stop working, such as pregnancy, childbirth, and so forth. But if the husband’s income was not enough, it can be combined with earnings wife. And if there are remaining funds, the remaining excess funds can be used as an investment.
In managing money, you need to know that you have a net worth, debt and assets that have the tone. Here the asset is an item that we buy today when it sold the next few years is still very valuable, is still above 50% of its original price.
Calculate the net cash flow, by reducing the income and expenditure. If you are having a negative value, you must know the cause of the expenditure that cannot be overcome. So you can stop it immediately.
Provide emergency funds which are allocated separately to the daily needs. It should be noted, a person or family is not allowed to invest long term before it has saved at least one to three months of emergency savings fund. For those who are single and have no savings, deposits must have a minimum of three months salary. For those who are married or have dependents of two people, must have a minimum of six months salary savings. While for those who have borne more than two people should have a minimum of 12 months salary.
Insurance has a profound, especially health insurance, if actionable workplace does not have the insurance, you should buy insurance at other places. Because health care is expensive. If necessary, you also have to insure the assets you have. In this case the life insurance is not so necessary for those who are single, but for those who are married it is necessary to insure his life for the sake of his future, if at any time to die.
For short-term investments can choose a savings as gold, or deposit, for the medium term gold could be a good choice. For the long-term, can be a way to open a business. Investment gold or precious metals can apply to any period, either short, medium, and long. Investment of precious metal or a certified gold bars can be called as the safest investment and easy. The reason, increase the value of gold could reach 15-20% per cent per year and inflation were stable.