Financial Methods » Financial Planning http://www.financial-methods.com about financial methods and financial tips Wed, 24 Feb 2010 01:37:25 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Pension for Freelance Workers http://www.financial-methods.com/pension-for-freelance-workers.html http://www.financial-methods.com/pension-for-freelance-workers.html#comments Sat, 05 Dec 2009 06:53:29 +0000 Admin http://www.financial-methods.com/?p=9 In the past, have children who worked as a Civil Servant being the dream of all parents. In fact, this type of work would be getting more points in the eyes of prospective in-laws. Perhaps, this public opinion is formed because of the retirement facility for a civil servant.

Meanwhile, one of the global trends in the world of work these days is more and more individuals choose to work as a freelance (part time) rather than full time working. At least this phenomenon has occurred in developed countries.

But there is one more factor that is very important, financial markets are now very modern. Creation of modern investment instruments can reduce the negative impact of fluctuating incomes and pensions in the absence of freelance work. Family financial management with the use of modern investment instruments can make as safe a freelance job with a steady job.

In terms of retirement planning for freelancers, the first thing that must be taken into account is how spending per month currently. If we assume we will run the same lifestyle when we retire later, then this expenditure will be adjusted for inflation 20 or 25 years from now when we retire. After that we will know the needs of pension funds and can count the number of monthly investments to be done.

It should be remembered also that the illustration above has assumed that the need for an emergency fund and insurance are met. If both these requirements are not met then the financial planning is more comprehensive and detailed to be done.

]]> http://www.financial-methods.com/pension-for-freelance-workers.html/feed 1 Frugal Living for the Future Happiness http://www.financial-methods.com/frugal-living-for-the-future-happiness.html http://www.financial-methods.com/frugal-living-for-the-future-happiness.html#comments Fri, 20 Nov 2009 05:06:31 +0000 Admin http://www.financial-methods.com/?p=20 Frugal Living can give the future happiness. How we started the frugal living? You can follow these tips.
1. Donate goods we do not need to those in need. They could be relatives, friends and neighbors of our office. Some institutions such as mosques, churches and charities often mobilize social action. Simplicity and generosity will make our lives more grateful and happy.
2. Check items that neglected. Open a child’s wardrobe. Are there still find decent clothes to wear or delegated? Also with cooking equipments. Would still be used? Do not rush to buy a new one.
3. Before making a purchase, always ask yourself: is your goal is to buy new stuff? Remember, what the new today, will soon be obsolete later.
4. Shop at markets or stores that sell products with a more affordable price. Consider buying when there are special offers or discounts.
5. Toward the end of the year, take a family vacation somewhere nice but not necessarily expensive. Limit eating and drinking in restaurants. Our baby can bring a more healthy lunch, parents processed.

Live happily is not only confined to those who earn big. A taxi driver may be enjoying life in the middle of the load to stay in the big city, if he knew how to manage money. We just need to be careful to not spend money for things that not must or do not need.

]]> http://www.financial-methods.com/frugal-living-for-the-future-happiness.html/feed 0 Quiet Life with Health Insurance http://www.financial-methods.com/quiet-life-with-health-insurance.html http://www.financial-methods.com/quiet-life-with-health-insurance.html#comments Fri, 30 Oct 2009 05:27:12 +0000 Admin http://www.financial-methods.com/?p=32 Health is one of the most precious gifts. Pain is almost always being suck experience. In addition to the perceived pain, also have to spend large sums of money for treatment. Not to mention if the disease is forcing us to not work for some time. How difficult the circumstances.

With the increasing the cost of health care, no doubt health insurance become a must for all people. Also keep in mind that there is no never too young to participate in health insurance because of illness and misfortune can befall anyone, no matter how old.

To select the appropriate health insurance, we need to consider a number of things:
1. Dependents vs. premium: The amount of premium you pay will depend on the value and type of responsibility that we want. However, we do not need to spend money in quantities too large to adequately protect themselves.
2. Value of protection you already have: Almost all employees get health insurance coverage from an employer. For disability, we also have the additional protection of Social Security. In addition, we also receive the protection of an accident when we traveled in a particular mode of transportation. Input all values of this protection into the frame value that we need protection, and if the amount has not sufficient, then we add as needed.
3. Riders: To obtain optimal protection, it is recommended optimizing the choice of additional benefits (riders) that are provided such as for critical illness, outpatient, accident and disability. It is recommended to prioritize riders to protection of critical illness in order to avoid the nightmare scenario above happened. For others, adjust needs of each. For example, if traveled, or have a lot of work accident risks, take protection of accident insurance in the options.
4. Wide network: This includes non-financial aspects are most important in determining choices. Preferred Insurance should have a broad network that will no difficulty in finding a partner hospital in case of unwanted things. Also try to cover the selected works with at least one hospital close to home.

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