The Guide to Be Smart Shopper
If we had the money, what will happen? That’s probably our thinking when you’re having money. Sometimes we do not know about financial planning, if we’re holding money in mind must have occurred to shop. Shopping is quite good activity, especially when it comes to the fulfillment of the necessities of life. Shopping activity is also said to be able to release stress.
But do your shopping if you could also spend money in an instant? All that can happen if no control is good in your finances. Then how to solve it? Here is The Guide to Be Smart Shopper:
• Reduce the purchase of goods whose value decreases
Spent your money on goods whose value increases. Most people shopping on goods whose value is gone once used as food, clothing, or the value is declining as electronic goods and other consumer goods. As long as you are able to distinguish between wants and needs of the shop is a natural thing done and open it just simply hungry eyes
• Little stuff means a lot
Often we do not find out a lot of money to buy cigarettes, buy a snack or just coffee-coffee. Naturally, if we forget because only a small amount and had become a habit. The danger is due to become daily habits that we forget that this small amount in a year if we calculate the amount so great as well. Obviously the numbers will be further doubled if invested.
• Keep your total installment debt below 30% of salary
Habits of people in general are using almost 90% of monthly income to finance the expenditure needs of the household. What happens if you have a home loan repayments, car or credit card spend 50% of income? Where do you have to meet the needs of household spend. You might find spots loans to replace household needs. Therefore if you have debt, keep the total debt per month installment of no less than 30% of your income, so that the remaining 70% can be used to meet household needs.
• The credit card is not more money
Credit cards often make us richer than the truth. Credit card is limit to make us seem to have more cash. Though the credit card limit granted is not free. So we use it we must return it, and if you can not afford to make full payment you will be charged interest. It’s because for everyday spending pay with cash or an ATM card or your debit card. Keep your credit card for emergencies, as a quick source of funds when a state emergency, but cash is not available.
• Have a reserve fund
Sometimes though people already have a budget, still being broken. This is usually because there is not routine expenses or unexpected that are not in the budget. For example there are brothers borrow money, giving a birthday gift, wedding donations, and others. Usually to pay for this unforeseen expenditure we are forced to take deposits from savings or time deposit or a credit card. If this happens constantly as a result of your investment objectives could not be reached because the funds are always used. Therefore form reserve fund into a minimum of two or three times your family expenditure per month to pay for sudden expenses that are not routine. If your income is not regular or not stable then form a larger reserve fund. Before you invest for any financial purpose, make sure you’ve established this reserve funds first.
Best Regards,
Great to know about how to become the Smart Shopper,from the all tips most i like and favorable is the reserve fund. I try to follow these one.
Many people know that most people like shopping, but should have certain reserve fund, then is to selective shopping
Most people shopping on goods whose value is gone once used as food, clothing, or the value is declining as electronic goods and other consumer goods..