Respect Yourself by Saving Liabilities

Quite often we hear of rejection, such as: "Oh, very expensive cost in the candidate choice school kid. It seems we can not afford it. You know? Dad did not have that much money. Pick a cheaper school."
Been able to guess the mood of the child, who was disappointed not to get what she wanted. Not infrequently also the father regrets. "If only I had saved a long time ago, my son would not have to be disappointed like this." Rice has become porridge.
  There still is no solution to not upset the child? There. Borrow money. Which means the debt. I think the reader agrees, that this is only apparent solution to remove the alias problem. Finish the problem to avoid disappointment baby, moved into the problem of debt being chased, which not infrequently lead to big problems in our domestic life. A disaster is not it?
How about 'small' so-called savings can make a difference in our lives. Unfortunately, our awareness of saving the community today is still minimal. Various reasons appear when we actually have the ability to save, such as: "There are many purposes, hopefully there'll be a rest, my new tube."
Delays such as this often leads to: never got around to save. Time passed, without knowing at the time we come to stay 'sorry'. Is something like this would you let it happens in your life?
Dear readers, citing wise words from Mother Teresa: 'Yesterday is gone. Tomorrow has not yet come. We have only today. Let us begin. " Let's start saving now.
How to ensure that the activities of our savings will give optimal results? At the moment we receive a regular income every month, of course, will flow into monthly expenditures for household needs (let's call it shopping), to pay obligations such as credit card bills, mortgages, car payments, etc., and allocate more funds for saving. Which was to be paid? . Let's review some of the funds flow pattern following routine:
Pattern 1.
Revenue -> Shopping -> Liabilities -> Savings
In this first pattern, shopping comes first, then pay the obligation and the rest to save. Most of us use these patterns in everyday life. The advantage of this pattern is all your shopping needs and obligations (or part) you satisfied. But usually the expenditure needs vary, ranging from primary needs until the desired goods bought but not required.
Chances are you spend all the funds are so high that not all liabilities are paid and there is no residual left to save. Unless you are a very frugal in spending.
For the long term, this pattern would be very difficult in getting a positive cash flow, even next month will be a burden (which actually does not need to happen), remember there are still delinquent installments of the course will be exposed to compound interest (interest bearing).
Pattern 2.
Revenue -> Liabilities -> Shopping -> Savings
In this second pattern, because the obligations are paid first, then you will avoid unnecessary costs in the form of compound interest expense due to delay in payment of such obligations in the next month. Still, chances are you will spend the remaining funds for the expenditure is still very high. So no rest for the save.
Pattern 3.
Revenue -> Save -> Liabilities -> Shopping
In my opinion, this third pattern is the best. That is, you obligate yourself to cut your income for savings first. It is better you change the "Mind set" of these savings with the concept of "Paying yourself first" as a key principle in the book "The Richest Man in Babylon" written by George S. Clason (read deh!). In this book provides inspiration that you should appreciate all the effort you all this time to pay yourself at least (minimum) 10% of your income in the form of compulsory savings you before paying your obligations and spending.
This will provide more flexibility for increasing your assets through savings accrued. Fund savings will be "Income Generating Asset" or assets that have the ability to develop himself which will give you a "passive income". Of course the amount of passive income is dependent on the financial instrument that you choose to put your savings fund (see our previous articles).
After that first pay all your obligations. And then you are free to shop without worries. (Quite enough guns, should be enough!).
With this third pattern that will provide certainty will increase your assets, in accordance with the financial goals you have planned. Moreover, the sentence of rejection (because guns have no money) in the first paragraph of this article would never have happened.
Readers who are wise, surely you agree that saving is compulsory. Let's do it right, with memprioritaskannya as main points in our lives. With the added discipline and persistence in savings would provide more certainty for achieving your financial goals for the future. Hopefully useful.
  Budi Cahyadi MM, CFP ®, Financial Planner TGRM.

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