Purchase Life Insurance
Purchase life insurance
When starting to have children, the family should buy life insurance. This life insurance aims to protect the financial risks of the breadwinner in the family. In the hope that if something happens to the breadwinner that causes the source of income to stall, there is insurance that can replace the function.
Insurance money can be used to meet the life needs of the child to adulthood. Suggestion Lici, families should calculate the true projection needs of children to adulthood. The amount of sum assured money (UP) is expected will affect how much the premium should be allocated. Therefore, these small premiums will certainly erode the family's monthly income.
If the condition of husband and wife work, whether each need to buy life insurance? Financial planners from Fahima Advisory Fauziah Arsiyanti say, depends on the function of each salary. When the salary of husband and wife become the main source of fulfillment of family needs, each must buy life insurance. Conversely, if one salary does not sustain significant family income, the payroll owner does not need to buy life insurance.
Pandji added, even could have, both husband and wife, did not buy life insurance. With note, "During the turn of the economy wheel, there is a passive income from ownership of assets that amount far greater than the monthly salary," explained Pandji.
In addition to life insurance, other insurance that must be added is a health insurance for the baby. The average insurance company requires a minimum age of health insurance membership is 30 days. Preferably, from that age the child is purchased health insurance. Advice financial planners, families can buy health insurance collection. That way, the premiums paid can be more mini.
Educational investment
Not just the needs of food clothing or children who siphon large funds, but also education. Financial planners suggest, since the child is present in your life, should be immediately drawn up funds for education. Lici said, education investment can be divided based on education level, for example the level of play group, kindergarten, elementary, junior high, high school, and college.
Selection of investment basket can be adjusted with the education level. The farther the level of education that will dituju course of investment basket options can be more aggressive in hopes of getting greater returns. Choice of investment products, such as short-term precious metals, medium-term mixed mutual funds, and stock mutual funds for long-term investments.
If young families have difficulties meeting all educational investment levels at once, families can make payments from the longest educational investment post. For example, from investing for education in college then sustainable to the nearest education level. "Because investment funds in the furthest education level is the smallest," said Pandji.
Tighten the belt
The addition of the three expenditure items that must be reserved will certainly swell the family expenditure. If your source of income remains, that means there must be a strategy to be done. With the aim, all the posts are met but the basic needs are undisturbed.
Pandji offers three solutions. First, reduce spending. For example, when you have no children, you and your partner have a hobby dinner at a restaurant or recreation, this habit can be reduced. Reload the expenditure, such as the use of postpaid phone or entertainment needs, such as pay-TV subscription.
Second, lower the consumption class. Put the word, you and your partner everywhere almost always drive a car, but have a motorcycle as well. Well, what's wrong with changing the habit with more frequent riding a motorcycle?
Third, eliminating the need. If the previous two methods do not work well also reduce expenditure, it seems you and your partner must be willing to eliminate some needs. For example, your original hobby of collecting something that drain money, now, it can be eliminated. This decision certainly requires sincerity. Like the saying, raft upstream, swim to the edge. Concerned first, prosper then.
When starting to have children, the family should buy life insurance. This life insurance aims to protect the financial risks of the breadwinner in the family. In the hope that if something happens to the breadwinner that causes the source of income to stall, there is insurance that can replace the function.
Insurance money can be used to meet the life needs of the child to adulthood. Suggestion Lici, families should calculate the true projection needs of children to adulthood. The amount of sum assured money (UP) is expected will affect how much the premium should be allocated. Therefore, these small premiums will certainly erode the family's monthly income.
If the condition of husband and wife work, whether each need to buy life insurance? Financial planners from Fahima Advisory Fauziah Arsiyanti say, depends on the function of each salary. When the salary of husband and wife become the main source of fulfillment of family needs, each must buy life insurance. Conversely, if one salary does not sustain significant family income, the payroll owner does not need to buy life insurance.
Pandji added, even could have, both husband and wife, did not buy life insurance. With note, "During the turn of the economy wheel, there is a passive income from ownership of assets that amount far greater than the monthly salary," explained Pandji.
In addition to life insurance, other insurance that must be added is a health insurance for the baby. The average insurance company requires a minimum age of health insurance membership is 30 days. Preferably, from that age the child is purchased health insurance. Advice financial planners, families can buy health insurance collection. That way, the premiums paid can be more mini.
Educational investment
Not just the needs of food clothing or children who siphon large funds, but also education. Financial planners suggest, since the child is present in your life, should be immediately drawn up funds for education. Lici said, education investment can be divided based on education level, for example the level of play group, kindergarten, elementary, junior high, high school, and college.
Selection of investment basket can be adjusted with the education level. The farther the level of education that will dituju course of investment basket options can be more aggressive in hopes of getting greater returns. Choice of investment products, such as short-term precious metals, medium-term mixed mutual funds, and stock mutual funds for long-term investments.
If young families have difficulties meeting all educational investment levels at once, families can make payments from the longest educational investment post. For example, from investing for education in college then sustainable to the nearest education level. "Because investment funds in the furthest education level is the smallest," said Pandji.
Tighten the belt
The addition of the three expenditure items that must be reserved will certainly swell the family expenditure. If your source of income remains, that means there must be a strategy to be done. With the aim, all the posts are met but the basic needs are undisturbed.
Pandji offers three solutions. First, reduce spending. For example, when you have no children, you and your partner have a hobby dinner at a restaurant or recreation, this habit can be reduced. Reload the expenditure, such as the use of postpaid phone or entertainment needs, such as pay-TV subscription.
Second, lower the consumption class. Put the word, you and your partner everywhere almost always drive a car, but have a motorcycle as well. Well, what's wrong with changing the habit with more frequent riding a motorcycle?
Third, eliminating the need. If the previous two methods do not work well also reduce expenditure, it seems you and your partner must be willing to eliminate some needs. For example, your original hobby of collecting something that drain money, now, it can be eliminated. This decision certainly requires sincerity. Like the saying, raft upstream, swim to the edge. Concerned first, prosper then.
