How to solve family’s economic problems

Year 2006 predicted that economic problems will be more occur. Inflation rate recorded by 12% – 14%, but salary has rise average between 9% up to 10% although UMP (minimum wages of province) rise with 15%.

Most of employee complaint about their economic problems. So, I would like to share how to solve the problems:

1. List all of your spending categories (meal, education, household, gasoline, medical, entertaint, etc.)
2. Think of what is the priority or unavoidable spending.

3. Put the monthly amount for each spending.
4. Count up the amount and compare with your income. If your spending is being in between 75% up to 85% of your income, you can feel free. If it not, through down the step below.

5. Cut the totally amount. Count up only for unavoidable spending. If it be in 40%-60% of your income, it’s okay and you just have 15% up to 35% for other expenses. But if your unavoidable spending more than 50% of your income, feel free to evaluate the cost, maybe you can make any reduction. Beside that, feel free to reduce your avoidable spending. Try to get 85% maximum of your income for your cost living.

6. What about the 15% or 25% of your income? I suggest you, don’t think about this, because it will cover your unestimated cost.

7. How to save the 25% of your income? Open one more bank account, and deposit the amount as soon as you get your salary and forget that you have the bank account.

8. If you have installment, try to communicate to your creditor to rescheduling your installment.

9. Don’t forget to record all of your spending to compare with your budget.
It’s difficult ways, I know! But, you must do this. If not, you can’t enjoy your income. Don’t be ashamed because you must reduce your comfort living.

Or, follow this another ways. That is “INCREASE YOUR INCOME”.

8 thoughts on “How to solve family’s economic problems

  1. dewo says:

    That’s family of worker/labour problem! How about the economic of entrepreneur problems? It would be more complicated. May be you have tips for the entrepreneur economic problems?


  2. lyntrias says:

    Economic of entrepreneur problems? Wow…it’s so complex I know. But, it’s easier for the way out. The way out of economic of entrepreneur problems is just Increase your income. It’s easier for enterpreneur to increase their income than an employee. A good entrepreneur is a strong person, and they always use their money carefully. But, I suggest you please always saving 30% of your income to build your new business. So, you can keep on your business.

  3. dewo says:

    Increasing income always?

    I think it’s not the best suggestion. Still we need evaluate our cost (of production or operation). If not, we would face the inefficiency problems.

    But I agree with you: the problem is complex. And may be more complex than employees’ problem since an entrepreneur should manage their financial in term of business and family as well.

    I’ll wait your next article about financial management, especially for entrepreneur.

  4. panduranga says:

    i am getting 8000 RS salary but problems are more i can’t solve the problems becuase of i am only person solve the problem.

  5. panduranga says:

    i am waiting for ur sugesion.


  6. panduranga says:

    i have not confirmed in th company

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s