Posts Tagged ‘Finance’
Utilization of social networking (social media) such as Facebook, Twitter, or LinkedIn in the activities of the business not just a promotional medium.
“Should companies use social networking as a social business that is to empower them to productivity,” said Manager Software Group IBM Indonesia, Nina K Wirahadikusumah, in a press conference here on Friday.
Nina says era of social business began when a growing number of organizations or companies who consider social media as a way to win the competition and earned a profit.
“One of the ways to improve the productivity of the company is carried out by adopting a social networking model to establish interactions with employees (internal), customers, and partners (external),” said Nina.
Internal company interaction, according to Nina, not only requires a system, but also requires a culture of communication within the company.
“Why after someone can communicate openly with his friends in social networking, he is not able to open with colleagues to be more productive,” said Nina seraya described the open communication that should be based on responsibility.
Meanwhile, the interaction of external enterprises, further, means the company sued by Nina for more creative to communicate with customers and business partners through the social networking model.
“In order to keep customers loyal, companies can link messages on the social networking site with companies through special software especially messages that are complaining,” said Nina.
Nina says IBM offers solutions for companies or organizations to utilize social networking interaction model as a tool of development and business opportunities.
PLANNED FUTURE FINANCIAL CONDITIONS
Has become a common phenomenon that many of our colleagues, or people around us who frequently complained that the conditions of the financial. The loan amount in excess of its revenues, and even exceed the number of assets that it owns. In such a condition that usually becomes a scapegoat is the small amount of income he has.
But the root of the problem which is actually not located on the side of income alone, but a failure to manage finances. Many of us who do not have financial planning, never even thinking to plan financial condition, let alone in the future. Financial planning is the absolute activity to be performed by any person and this is what will distinguish between a group of people who always stuck by the difficulty of liquidity and the Group of people who can enjoy life. This paper will try to discuss in a simple, how one should start planning financials.
Diagnosing the financial condition
The first step that needs to be done in preparation of financial plan is to diagnose the condition of our personal finances at this time. To note in diagnosing the financial condition is the magnitude of the total revenues, total expenses, the size of assets and liabilities debts we have.
In general it is clear that total income should not exceed the total expenses. For those who have a fixed income every month then could easily estimated the magnitude of the total income in one year, including income non routine such as allowances and bonus feast day. Then its expenditure should be regulated not exceeding total revenue routine that he possesses.
The income of the non routine should not be allocated to bear the total expenditure, but it must be allocated for the purpose of investment or reinforce emergency fund. As for people who have that kind of income variables (not fixed) then the total of its expenditure may not exceed 80% of the average income.
The next post is the asset that needs to be noted. We often mistakenly defining about assets in relation to financial planning.
The assets are in fact everything that delivers productive activity or support us. A simple example is the House we live in and the vehicle we wear can be classified into an asset because it supports our productive activity, while villa, stereo set, an acoustic guitar, golf and a second vehicle that is rarely we wear, definitely not an asset category. Savings and investment is one of the tangible assets yields.
Debt is the plural thing is done and is not really a thing that needs to be feared. Debt in fact is adding to the buying power of our revenue by attracting us in the future to the present. Are analyzed in terms of debt is a type of mortgage debt and liabilities we have responsibilities. Home credit and productive vehicle is definitely the kind of debt that is reasonable and can be tolerated, but credit card debt is a type of debt that is absolutely to be avoided. Interest rate credit card debt average reach 35 – 48 per cent per year and this is clearly burdensome financial digitalis us.
Given the size of the interest rate credit card, then use a credit card to look out for limited funds for the sake of practicality and comfort only and not to increase our buying power with the way owe. In terms of managing debt, the magnitude of the total liability of our debt repayment should not exceed 30 percent of our total revenue. When we’ve been stuck on the conditions of the obligation to pay the debts that exceed the threshold, then the restructuring absolute debt have to do with prioritizing on debts that have high interest credit card debt, such as credit without collateral, and the like.
Having An Emergency Fund
The second step in the preparation of financial plan is to check the availability of emergency funds that we have. An emergency fund is a Fund at any time must be available when unexpected expenditure arises. Many people don’t think about the availability of an emergency fund in their financial planning, so that when unexpected expenditures arise then that is often done is add the ability of purchasing power by creating debt, and usually this type of loan is a debt with such high interest rate credit card debt and credit/loans without collateral.
Whereas it is clear that the actual debt should not at all be a mainstay for unexpected expenses this close. This is where the importance of the availability of the Emergency Fund, so we don’t get stuck coils of high yield debt. The magnitude of the emergency fund to be owned in the financial planning vary, ranging from 5 to 20 times the total monthly expenses.
WHEN FINANCIAL DIFFICULTIES
we can experience financial difficulties when job loss, illness, divorce, debt, failing business caught up, and more. Financial difficulties can engender a sense of anxiety, anger, panic, and even cause us currency slumped because of bad money management.
The first thing that should be attempted is to stay calm. Only by remaining calm we can take decisions are good and help other family members to be able to cope with the situation well. Loss of income affect all. Adults may be very depressed and preoccupied with the chaos he feels himself, forgot that happened also affect children.
No matter what happens, children need emotional security of adults around it. Adults may be trying to hide the actual circumstances with a view to protecting children. However, the children are good observers. They will capture the existence of something goes wrong, especially when the adults around him looked tense, brooding, or quick temper. It could be that they will take wrong conclusions about what happened and blaming yourself.
Therefore, to better explain the circumstances are open to all members of the family. Children acquire description according to the stages of its development, with the aim to make him understand without having to be burdened by excessive concern and sense of wrong. Parents also need to listen to the voices of children: disappointments, fears, and shame because conditions changed.
Maybe we don’t want to discuss the bad stuff happens, but sometimes it’s necessary to lighten the burden of all: the burden of parents, helps children understand what is really going on, and can be used to strengthen cooperation within the family.
The second important thing is to set priorities. Parents need to work together to assign a priority to leave egoism for the family, for example education and nutritious meals that are more economical. Everything else is no longer a priority, even if it needs to be removed from the list, for example, the budget for a cigarette, new clothes, or collection of goods as a hobby.
Required tightening expenses of family members: father, mother, and children. For example, initially take a taxi ride or minibus buy now products cheaper household. It is a time to educate the young willing sacrifice and the simple life, which of course we have demonstrated themselves through our behavior. A child who is already big enough can help parents to supervise the household spending, find discount-special discount, or think up creative ideas of money management.
Relationship with family
When collapsed, we may be reluctant to hang out and get away from the others because of the shame. We thus need to keep good relations with his family and close friends because they can provide social support while we are experiencing difficulties. We can recount the difficulties that are being faced and demanded they give emotional support. When such a situation as bad, maybe we should ask for help from them, for example, borrowing a home while when we are not able to pay the contract home or entrust the child to leave school together in order to save money on transport.
Maintain positive behavior
When depressed, it is very likely we are stuck in behavior even self-harm, such as smoke, eat, consume drugs excessively, buying goods, and owe. Very important to stop owed, including through credit cards, and focus only on the most spending priorities.
When necessary, we ask for the friend who we trust to help keep an eye on our behavior. Indebted and unable to pay will reduce our appreciation to yourself. Shyness can be avoided if we act positively and responsibly. If we do not demonstrate positive behavior, how are our close friends would believe and are willing to provide support? Difficult situations are sometimes made us so much more creative. We can clean the House, checking the goods that can be sold. Some are probably can be cleaned, refurbished, and used again. Whenever possible, rather than go by car, older children can be asked to ride a bicycle, to become trendsetters “cycling to school”. All the family members can also bring supplies lunch from home.
Example for children
It is important to continue we remember that we are to be an example to the kids about how they can confront and overcome the difficulties of life. When we stay calm and able to think positive, children will learn that all of us. Needs to be emphasized that the difficult situation was temporary alone and parents are doing the best measures to improve the economic conditions of the family.
Actually very easy to live on easy street: Spending less than income, save and invest the rest.
Many people realize that spending more money than they get is bad, but still many people who were in debt a credit card. It is 8 lessons use the money I wish I knew when I was 20 years (now I am 42 years old), who also has the power to change your life:
1. Money Not Buy Happiness
All do not forget to hum songs Beatles: Can not Buy Me Love?
It took me several years working at a big company to earn enough money, but did not enjoy my job, ultimately think that money itself does not make happy, and very little amount of money give you happiness unless you know how to use the money after you have it.
2 Key Objectives
I initially did not make financial objectives specially to the early 30′s, and it destroyed me that I lost 10 years earlier.
The old adage says that if you do not know where to go, it’s hard to get there and have never been better with your financial goals. I do not need much time to write down my financial goals in detail, so I began to find financial success.
Financial goals gives you something to fight and give a clear knowledge of how you want to spend the money you earn. The goal also is to help you avoid buying unnecessary items and spend money on things that are unimportant.
3. Purchase of Large Waste Items Not Important
I spend more and more money when graduating from college than I keep.
Shopping suddenly instantly attracted to a good (Impulse Buying) is the worst kind of shopping you do, but most people spend their money like this when they have no financial goals. In fact it can be very dangerous if it develops into credit card debt. Impulse Buying happen when you’re not really sure what you want in your life or what will make you happy.
This is why advertising is very effective. Advertising makes you believe that buying a product or service will give happiness you are looking for, but not necessarily.
If you can learn to be patient with your money and avoid Impulse Buying by knowing what your financial goals, you have made great strides in getting your finances as expected.
Financial problems in marriage such as uncertainty, unemployment, and financial hardship will hurt your marriage if the two of you are not talking with one another or if either of you prefer hiding your head in the sand.
Practical Tips for Weathering the Storm and Handling Rough Financial Waters Due to Unemployment
When short term unemployment turns into long term unemployment and unemployment benefits run out, feelings of panic, depression, guilt, blame, fear, and helplessness may set in. The worse thing you can do is to blame your unemployed spouse or yourself for the situation.
Recognize your marriage is probably stressed. Learn ways to cope with the stress that work for the two of you.
Stephanie Coontz: “A critical point is whether couples can remember and express the things they admire about each other. People under stress often cease to notice and acknowledge the helpful things their partners or children do, responding only to the irritating ones. This undermines the “economy of gratitude” that sustains mutual trust and obligations in a healthy family, creating the psychological equivalent of a credit crunch.”
You need to talk. Don’t hide your heads in the sand. Even though it may be difficult, talk about your financial situation. Focus on what you can do about your financial problems and then try to do it.
It doesn’t make any difference if you have money or if you don’t have money. If the two of you have different spending habits, different savings goals, different thoughts about investing, or different fears about being poor, then financial problems will eventually surface in your marriage.
It’s quite possible that the one making the most money may try to control all the finances. Sometimes a power struggle concerning money will creep into your marriage.
“Like success, money is an emotionally volatile issue for most women. It’s probably the most complicated relationship we have—and the one that most controls our lives because we let it
How Many Checking Accounts?
Financial planners generally recommend that individuals in a marriage relationship who have disposable income should each have their own account. They can then save or spend money as they want without having to justify the expenditure or feel guilty about spending the money.
Importance of Talking About Finances in Your Marriage
Even though it is difficult sometimes to face into your feelings and thoughts about money, it is imperative that a married couple make time to discuss their finances and to make decisions together about budgets, short- and long-term goals, and investment strategies.