Financial arrange for the Future Children
The key is in planning / comprehensive financial management. Here are some financial management steps you need to do in accordance with the phase of your life.
Before Marriage
Unifying vision of education for children
First we must first identify with the vision of our partners. Begin the conversation by telling of childhood respectively. Usually parents desire for a child’s development will be affected on the life experiences of each.
When Married:
Establishing good money habits
Good financial habits will be a strong foundation in support of a financial plan. This can begin with a detailed income and monthly expenses. For convenience, details of expenditure made by the following categories:
* Savings / investment routine
* Installment debt
* Transportation expenses
* Help the family / social
* Expenditure children
* Expenditure workers (maids, drivers)
* Expenditure lifestyle / personal
Note that expenses will increase in the above line with your family expands. Be like an accountant (financial accountant or public accountant) in order to clear your finances
Before and during pregnancy
Defining financial goals
There are some expenditures (financial management) that require attention in preparing the presence of children, namely:
1. While Pregnant: Fund expenditures, funds control obstetrician (if you do not have adequate health protection).
2. Birth: Dana gave birth (if you do not have adequate health protection), baby equipment funds, funds control pediatrician (vaccinations, doctor fees, medicines, vitamins, etc.)
3. Early School: Fund the education of children from pre school to university.
In determining the financial goals earlier, you need to do a little research. Then we need to think about how to meet the needs of this seabrek. For the short term, under 3 years old, you can still save routine from the rest of the income per month and the annual income. You can also take advantage of financial consulting services if their own difficulties.
When a child is born
Start learning about investing and protection
Most people are afraid to invest because of one problem: do not understand. That is, it can be changed by: learning. Most people either buy the product because it carried the emotion.
Investment easiest thing to do is invest time investors in Mutual Funds. This investment is necessary to fight inflation, which erodes the value of our money at the time of saving.
What we need to understand when you start investing? There are three words are important to note: Risks, Objectives and Results. Understand the true risks inherent in investment products. You need to fully understand the tolerance for what you have when buying investment products according to financial objectives. Once again, you can take advantage of consulting services if you do not understand it.
School
Family’s financial stability
In preparing the family finances since before marriage, it should be in the child enters school level, we already have a pattern of financial (financial management) are regular. We also should already know of investment commitment required by the family.