How to overcome the sick financial

Though, you have high salary but you cannot fulfill your spending. Your financial health must be sick, that is why you have to overcome or cure the sick. The sick will harm your finances. You will not save any penny and you have no retirement fund.

Perhaps there action can cure your problem:

1. List of your spending

What is the total of your spending? Perhaps you spend much for leisure only but you ignore the important things, you do not save or invest but you just buy useless things. Track the spending that you spends everyday. Write every spending that you use at the afternoon. Do not write the today spending at the next day. You must be forget to record all the spending.

2. Create a budget

This is a ways to term down your spending. By creating a budget, you know where to spend the money. You must obey the budget that you have made it or you cannot improve you financial health. By creating the budget, you know the balance of your spending and the income. Reduce the speeding when it beyond the income. You can also increase your income if you cannot or do not want to trim down your spending.

3. Crate financial goals

Perhaps you have the financial goals but you do not have the specific one.  You goal just want to be rich. We do not know the reach it .Is rich people who have the car in the house only.  A poor man has car or house but they still poor. You should make specific goals that derive you to work hard.

Perhaps you want to get one million dollars for next ten years. Then, you should save your moneys for it. You can also open a business or invest at some investment.

How to prioritize the saving goal

Most people confused to set the goal of saving. That is why they do not have the saving goal and then they do not have motivation to save. Actually, it is not difficult to set the saving goals. Here is some guidance to prioritize the saving goal:

1.       Get out of debt

If you have so much debt, you have to pay it down. When you have debt, you will not be able to save any penny. Collect each dollar for paying down the debt. Pay down the high interest debt first and then, pay other debt.

2.       Build Emergency

After get out the debt, you have to create emergency fund that is useful to avoid you from debt, when you suddenly need money, you can use the fund. The amount of emergency fund is around six times of your spending monthly.

Once you have fulfilled your emergency, you can think about the other saving goals.

3.       Retirement

Some article that I have read said that the retirement is 50% of our salary. It is very big to me.   The retirement is very useful when you quit working. It is help you to buy the food, cloth and other when you have no jobs. Some people use the retirement for go trip outside to enjoy their old time.

4.       House

People must have house as their shelter. They know where they go home. House is not cheap and you need to save before buying a house. Some people need saving dozen years until they buy a house.

5.       Cars

You may need a vehicle so you can use it to go everywhere. An old car may be suitable for you if you have low saving. If you have so much saving, you can consider the new car that is more comfort than the old.

6.       Others

Perhaps you want to continue your study to the master degree. Perhaps you want to save for new laptop or perhaps you want to repair your house. You can set it below  the others saving goals.

Read Also 

How to recession proof to your money 

How to live in a low income

How to manage less money

Most people just make less money. They are difficult to reach the financial freedom because they need to cover their spending. Sometimes they borrow other people money to cover their spending.

Off course they must pay back the loan when the debt due. Sometimes they must pay the interest that is higher than the principal.

The people should not borrow to cover their spending. They must manage the money well so they can cover all the spending.  The keys of manage less money is to strict the spending. So we have to:

1. Create a budget

Budget may not help you to become rich but it is a good ways to manage your less money. Allocate your moneys to important things such as food, beverages, your apartment fee, also your credit.

2. Make more money

This is a good ways to increase your money and cover your spending. Find another side jobs that you can do after working hours. One or two hours that you use to work may make dozen or hundreds money.

Writing is the way to make money from the internet. You can also participate at the paid survey but you should sure that the website pays you.

3.  Live below your mean

Do not live like other people that spend so much money. You can go to the office by mass transportation that can save hundreds dollar from it. You should not buy the food outside that can

4. Saving first

Though you just have little money, you can save your money from your salary. Try set a side money for saving about ten percent. You can deduct other spending so you can save for more money. When you get the unexpected income you can put it on your saving.

One day, your saving will become large and one day you will have more money.

How to save on lunch

As the worker or employee, we must stay at the office until the afternoon, meaning we have to eat lunch at the office.  Few people may go back to house to eat lunch because the house it is not far from the office. Other people eat lunch at the office or the cafe that near the office.

Eating lunch at the cafe is not cheap. You must provide five o ten dollar. The cost of your lunch will be $ 140 dollar a month to $ 280 per month.

If you live at the tighten budget, you must change it. You can reduce the cost of lunch by doing this:

1. Bring the lunch box to the office. You can save your money and you health more health food. Your wife may cook the best food for you. He may reduce the salt on your food or the sugar. I believe your wife will not add the worst food to your lunch box. The box may contain various foods such as bread, vegetables, meat and fruit.

2. Bring also bottle in water or biscuit.

Sometimes i need a snack at the working hours. If i hungry i eat one or three slice. You are better buy the biscuit on the market rather than buying at. You are better to drink water that is cheaper than a cup of coffee.

3. Fasting

You do not have to eat lunch at the middle of the day. You can fast two times a weeks.  As Muslim, we can fast on Monday and Thursday.

How to protect Your Business During A Recession

How to Protect Your Business During a Recession
By James D. Foster, Ph.D.

A recession's impact not only has devastating effects on households, but it can harm businesses as well. Learn about the effects of an economic downturn and use them to prevent your business from succumbing to a recession's deadly claws. Here are some subjects to think about.

1. Customer Scarcity

When your customer bases shrinks, your income suffers as a result. Rising prices produce picky customers who are less interested in giving you their business. Existing customers might also re-assess their spending, which could result in fewer orders from your company. So what do you do? Try changing your customer acquisition techniques. Online marketing might be a way to go. It might not be suitable for all businesses, but there's no harm in considering it. Online marketing exists in many forms, and doing your assignment will be helpful in determining which technique will be most beneficial to your business.

2. Large amounts of credit card debt

Inflation is a usual byproduct of a down turn which means higher costs on essential business elements. If you've been making the majority of your payments with credit cards, you need to pay special attention to your spending. If you don't keep track of it, you could be surprised one day when you find yourself struggling to pay your bills. You do not want to get in trouble with credit card companies, as a low credit rating will negatively impact your ability to obtain approval for loans.

3. Increase in utility costs

The rising price of food, electricity, and gas can put a big dent in your business. This is especially true when running your business out of a physical location such as an office, as the increase in utilities and rent can take a bite out of your revenue. So how do you resolve this? Try being more efficient in your utility spending.

There are so many ways to save money on utilities. One is to cut back on non-essential costs. If you don't need to have your air conditioning on full blast, turn it off. If you can operate without have as many lights on or having them on as long, turn them off. If you can utilize less expensive packaging methods or materials, take advantage of the cheaper alternatives. Re-assess every aspect of your business. Take a closer look at your books to find deductions and lessen your costs in any way possible. And make the most of technology; automate your business wherever you can. You can also hire virtual workers on a contract basis, allowing you more time and energy to be productive and brainstorm ideas on how to improve your business.

4. Funds availability

If you needed a loan to start your business, you might run out of savings to fall back on to withstand the recession. To control this, devise a suitable savings plan to store some of your income. By creating this nest egg, you have a bit of a fallback for when an economic downturn happens.

5. Low staff morale

Slow periods can diminish the attitude and morale of employees. Why not create incentive sand contests to boost the morale of your sales team? This is the perfect time to get creative and find ways to inspire your employees. Don't be stingy with incentives and praise; go out of your way to create excitement.

Have you felt any of these effects yet? If you have, there's no time better than now to try some of these suggestions and find a way to fight your way through the recession.

For more information, articles, videos, audios and other helpful tips, check out our blog and get a free gift. http://www.fosteryourlife.com

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How to make debt reduction plan

The debt can make people bankrupt. The amount of the debt increasing when we do not pay the debt on time. The debt also can load our finances. We have to make the debt reduction plan to settle our debt fast.

Here are ways to make debt reduction plan:

Tracking everything
In the middle of month, some employee confuse because the money almost loss. They do not know where the money gone up. They do not track it.
Supposedly, you should track all of your money. It help you to allocate the money to the debt payment. It is not difficult to do that. You just need to record the spending in a piece of paper or you can record it at spreadsheet. 
Base on tracking, you can make a budget. Set aside the money for the debt. To settle the debt fast you must prioritize the debt.

Balance the budget
The generic ways to balance the budget is to reduce the spending. This is not an effective ways to settle your debt. You need to pay attention to your income side. Try to boost the income to pay the debt immediately. There are so much ways to increase the income. If you cannot do it, you can reduce the spending. Use the generic product to save some dollar.

Renegotiate debt
You can ask the creditor to enlighten your debt. You can buy the interest only for temporary when you have so much money, you can pay the debt immediately. It will good when the creditor forgive your debt.

Generate income from the debt
Some people put the loan to deposit. It must be wrong steps. The loan interest is higher than the deposit interest so they must pay the interest. If you have house or car, you can generate income from them. The house or the car that you have not pay off can be hired to anyone. You can use money to pay your debt.
In my country, some public transportation use this way to get the transportation. You do not have to sell the asset but you still be able to pay the debt.

Generate income from investment
This time, you need to generate income from investment. Despite the economic downturn, you should find the investment that can makes money. There are some stock from Brazil, India, Russia, and China that can makes money. The money that you can get from investment will help you to settle the debt.

How to side with windfall profit

Some people cannot stand with the poor living but some people cannot stand with rich living. Some unlucky people get windfall profit. A beggar may get a house from a kind person, a poor student may get dozen gold bar, a homeless get an inherent from unknown parents and so on.
When they get money, they do not know how to spend the money. Most people spend the entire money bust some of them save all the money. They go to Solomon Island to holiday that need thousands dollars. They buy luxurious car so they can so it to other people who ever tease them. I believe the money run out immediately. Buying a luxurious card need much money and the maintenance. The money just for the car but they do not get the money.
Some others people prefer to save the money. It is not wrong to save the money because we know we will use the money when we need it someday. However saving money cannot help people to get the wealth. Someday the money runs out.
Though we are poor man, it is not wrong to plan something. Perhaps we have dream to open a small business or to be a doctor. Here are some ways to spend your money when you get windfall profit:
1.    Investment
Some people believe that investment is a way to increase the wealth. I will save our windfall profit money. There are some cheap stocks that will increase when the crisis over. The business of the company is no over though the crisis. The company may pay the dividend to the stockholder.  Off course, only the good company that pay the dividend. Research the stock first before buying a stock. It will help you to find the right stock for you. Construct the portfolio that consist some stock such as infrastructure, retail, software, and else. Each stock is different. Some are goods in crisis but some other is worst in crisis.
You have better to get some suggestion from the financial advisor. The kind financial advisor may direct the right stock for you. Beside stock, you can invest your money on mutual fund, ETF, precious metal and others.
2.    Pay the mortgage or buy house
You are no rich until you have a house. A small house is enough for small family. You are better to pay off the mortgage soon so you will feel safe.  If you want to buy new house, it will be good too. Perhaps you want to live in a new environment or you can use the house to make money by renting it.
3.    Open a business
When you have so much money, you can open a business. Perhaps you want to buy a store that sell vegetable or fruit. We will get benefit from the store. Research first the business place because it can influence the sales. Sell what people want by hearing them.

How to adjust smaller household budget

The budgeting is an important skill for our life. We should be clever to manage the budget. We must sure the budget balance. What we stream should not different with what we spend. It will be better when you have higher income.
If you have still high spending, you need to adjust it. There are some action to adjust to a smaller household budget:

1. Track your expenses
Write down all the expenses include the small amount of expenses in a month. Categorize the expenses to some category. It will help you to recognize the kind of expenses. You can separate the necessary need with unnecessary needs. When your income so small, you are better to leave the unnecessary needs. For example, you need to eat but you do no have to eat at restaurant. Eating out can increase your spending around hundreds or thousand dollar in a month. It will better to cook the food that is more health and cheaper.
People often buy an item hat they do not need it. A mom often buys too much cabinet to keep the newspaper or other things. Supposedly, she does not have to buy cabinet but she can keep the old newspaper in warehouse or she can sell the newspaper.
Sometimes a mom also spend does no realize that she has spent dozen r hundreds dollar. Sometimes a mom buys soft drink everyday. The price a can of soft drink is a dollar. In 30 days, she spends a last $30. Supposedly, he mom reduce the sift drink because it is expensive and It is bad for your health. The soft drink can lift our body weight.
Consider the annually spending such as insurance and taxes.  Divide the amount of annually tax or insurance to the number of month in a year. Allocate the ax or insurance spending in a years.

2. Reduce your food cost
No matter the economic condition. No matter who you are, you should still eat food. We should earmark money for the food spending. However we can trim down the spending. Do not eating out to save hundreds dollars a month  If you cannot avoid eating out, you can reduce it first. You are better to cook  your food alone and you can cook any food that you like. Some people suggest buying in bulk because we will get rebates. We can buy in bulk such as meat, chicken, bread, tissue paper, towel, and so on. Notice that the meat is easy to damage so you must consider he expired date.
Find the supermarket or grocery that sell the food cheaper. You can make bit research to find it. Buy the items that you need it. Do not buy any grocery items that you do need. Sometimes the discount often tempts us to buy more.

3. Reduce the utility bill of your household
Be sure the faucet closed down when someone do not use the water. To spray the grass or garden, you can use the used water. You can save your bath to spray the water. You can also it to wipe the window by using water. Harvest the rain with the drum. You can use it at the dry season.
Plug on the electric or gadget if you do not use it. Do not forget to plug of the charger when the battery is full. We need to reduce the electric bill in order to reduce our spending. Use save energy wash machine. Most wash machine suck high electric bill. Always turn off the light when you do not use it.
Be sure what you spend is what you need. Do not waste your money though you have so much money. You will need money when you have no job. We do not know whether we need the money someday. Sometimes, we should expenses so much money for health.

Read also:
The envelope budgeting
Four FInancial Goal Mistakes
The budget for worker who has no field income 

How to make money when you are broke

When you are broke, you need to find money. You still need money for food, cloth, and settlement. Do not stop to make money until you get it.
Here are some ideas to make money when you are broke:

Short term construction
You can apply to the construction near your house. I believe some real estate company need the worker for construction. The salary is high because only few people who want to work as construction worker.  In Japanese, the construction jobs salary is very high.
The work is not easy. You should have strong body to do some jobs and some skill. You should be able to lift the heavy and climb high construction. The construction jobs can make your cloth dirty because you have to paint and mix the material. The construction job is also dangerous. If you are not careful, you will fall from the building.


Freelance writing
There are some jobs in writing article. You can write short article for 5-10 dollars. There are some blogger who need the article for their blog. They want other article because they have no time to write the content.
If you like traveling, you can be a travel writer. Write your experience in your last travel. People like to travel and they want to know the detail information about where they go shopping ,where they find the hotel, where they go by and others.You can also draw the map of the place and also give some useful tips  for the reader.

Work at a bookstore
Bookstore must need some person to keep the bookstore. You can apply the job at bookstore and you will get paid from it. It is not much but you can use the money to buy food, cloth and paying apartment fee. The job is not difficult. You should be patience to wait the customer. You should be able to explain the book and find the book that customer want.
Of course, you should love book. You must know book that the store sell with the price. Some bookstore gives bonus to the keeper who sells some books.
Massage
After working, some people may need message. Some message can make the people fresh. Some massages can heal certain diseases.
If you are able to message, you can make money from it. The professional massage will get more money.
 
Farm work
 Though the machine can harvest the grain and fruit, but it cannot pick the apple or the orange on the tree. Only human can harvest the fruit on tree. Go to the fruit field and ask some jobs. It is not difficult to harvest the orange or apple as long You are dare to climb the stairs and harvest he fruit.
When the cabbage or lettuce ripe, the farmer must need people to harvest it. You need to cut the vegetable from it leaves and collect it to the truck. Some cattle farm also needs people to shepherd their cattle. You can herd the cattle from the field to the cage.
Work in a hostel
I have see in bbc, a millionaire want to work in a hostel. He just get free room and free food. Surely, you can also work for hostel like clean the room or cook the food. You must be able to sweep the floor, or clean the window. You should also change bad cover and pillow.
You will get not only free food and room but also some money. The money may be not much but you do no have to buy food or pay the apartment fee. When you have so much money, you can find apartment and work for other company.

Recycle
Sell the bottle or aluminum can for recycle. You can collect those items to make money. Some PET or polyvinyl can be recycled too.You may get dozen or thousand dollars from it. Explore the rubbish near your environment and you may get some recycle items.  Some store also

Resell stuff
Sell the stuff from you garage or warehouse at garage sales.Perhaps we still have old bicycle or old wardrobe that Your neighbor may need it. Clean the bicycle with first and you can also paint the bicycle. Do not forget to oil the chain and the pedal. I believe the buyer dare to buy the bicycle expensive.
You can also sell the stuff on internet. Here are so many surfers who need the old stuff because it is cheaper than the new one. Open a website or blog to promote the items and you might get call from the buyer soon.

Sell blood
It is not difficult to sell your plasma blog. Each time you donor the plasma, you will get $20 - $35. Surely, you should be mature or 15 to 59 years. You should also be health and you have no diseases. Keep your body health by consume good food and do some exercises. Some doctor suggest us to donor our blood because it keep our body health. Do not worry that you will loss your blood. Your lever and bone will work to make the blood.  After selling the plasma, our organ fast produces the new blood.

Handicraft
You can also make handicraft if you are able to make it. Some people find the unique handicraft. You can sell the handicraft at the website.  Etsy.com provides the handicraft maker spaces to sell the handicraft.
I saw some shop sell the knitting such as scarf, baby heat, sweeter, gloves and others. You can do knitting in the night or after you back from your office.  Create some education toys from wood than paint it.

Sailaways
Some ship need crew for sailing. You can also apply as the crew. Perhaps you can clean the floor or cook for the ship captain. We can work and enjoy traveling with other people. Not all can people sail with expensive boat.
It is not easy for every people to do this job.  We must be able to swim.  If the boat sunk, we must swim.
 Photo by Bob Jagendorf

Read Also:
Hottest Trend To Make Money
Top five reason you will ever rich
Five Ideas to boost income