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About Finance

About Finance

Many of you may think that “financial” is easy to earn and spend, but the truth is that finances have more things to calculate. Have you ever wondered why some of you work for good income? But the money never stayed while some of you have a middle to low income But there are storage for use in times of need.

That indicates discipline in the systematic allocation of money. On the other hand, if there is no serious use of money allocated. It may cause income and expenses that are not related. leading to insufficient money rotation or simply referred to as “money shock”

No matter how much you earn If there is a smart and systematic financial management The end result is financial stability. which will lead to convenience in the future

An easy way to allocate your finances is to look at your monthly income and expenses first. How many channels does your income come from, for example salary, bonuses, commissions? or other additional channels What are the monthly expenses such as house payments, car payments, water and electricity bills, credit card bills? Then take notes to analyze the financial path. and create a balance between income and expenses Maybe by reducing the part of the expenses that will not go out. or add other income channels All of which will lead to stable and efficient future financial planning.

However, no matter how prudent financial planning There will always be periods that do not go according to plan. There was a sudden increase in expenses. When it is really necessary to apply for a loan Apply for a credit card Apply for a cash card It’s an interesting option.

in the market for these cards quite a lot of options Each card is designed for customers with various financial plans. different interest rates To understand the conditions and benefits that will be received It is important to compare the information and properties of each card. To help you decide on the card more easily.

Good Financial Planning

Debt organization is another important factor in financial planning. You need to know what debts you currently have. The debt has both good and bad debts, which are debts that generate more income than expenses, such as business loans. Home loan debt that reduces the burden of wasted rent and will become our assets in the future. Because homes are assets that grow in value all the time, bad debts are debts that generate more expenses than income, such as cash cards, credit cards, etc.

Of course, when you are in debt, you have to pay debt. However, we should have a systematic order of importance of debts to be settled. Start managing bad debts as quickly as possible. by choosing from debts with high interest rates first by increasing the principal payment limit above the minimum payment amount to cut interest burden It is recommended that in the meantime, try to avoid default and not incur new debt. I’m sure your life will be a lot easier.

Frequently Asked Questions

Frequently Asked Questions About Finance

1. How to save money to stay?

Insurance is an agreement to distribute risks to insurance companies that we buy insurance premiums to bear. and risk management When a disaster that meets the conditions made with the insurer, such as a car accident Sickness, hospitalization, death, or house fire The insured will receive compensation in an amount greater than the premium paid. It is considered a worthwhile hedging investment.

Insurer means the insurance company from which we purchase the insurance premium. also known as the policy The company has a duty to protect pay compensation or compensation to us as the insured in the event of a disaster according to the conditions specified in the policy

2. I can’t pay installment for the car. What should I do?

In the event that the car payment cannot continue Regardless of any problem There are many ways to solve the problem, such as returning the car to finance to be sold at auction. This method may have additional sales differences. or resell to others and change the contract This way you can bring the money you sell to close the finance balance. But it must be borne in mind that these two methods will completely cut off the burden. This means that we will no longer have a car to use.

If you still want to keep the car, you should use the refinance method. is a new debt restructuring To extend the installment period and reduce the burden of installment payments to be cheaper

3. Apply for a credit card What documents do I need to prepare?

• Copy of ID card – The service provider needs to know the card applicant’s information. to verify their presence and provide evidence in case problems arise
• Salary slip – showing the source of income It is a factor in determining the credit limit of the card. Confirm that you can pay off the debt. Having a certain income gives service providers confidence in the financial status of loan applicants.
• Copy of deposit account (statement) – to be consistent with the source of income Showing the entry-exit path of real income So it’s important. Most of the service banks will ask for a statement of the past 3-6 months to see the consistency of the financial path.
• Other documents – such as salary certificate, copy of the front page of the passbook. And a copy of the house registration, etc. These may not be as important as the documents mentioned above. But prepared, it was not damaged. Better than running and not having