1 / 10

How to manage your finances

Discover essential strategies for effective financial management in this concise guide. Learn budgeting techniques, savings tips, and investment basics to secure your financial future. Whether you're starting out or seeking to improve your financial health, this resource offers practical advice to help you achieve your goals and navigate economic challenges confidently.

GTECH3
Download Presentation

How to manage your finances

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 01/12/2023 HOW TO MANAGE YOUR FINANCES created by VV STOCK ZONE www.vvstockzone.com

  2. Today's Highlight 1 Cash Flow 2 Protection 3 Investment www.vvstockzone.com

  3. Step 1 Cash Flow For recording cash flow. We need to do the percentage distribution of expenses first. 1 50 % from Income = Needs 2 30 % from income = Wish 3 20 % from income = Savings www.vvstockzone.com

  4. Needs Separate 50% of income for all primary needs. These needs include food, clothing, and shelter. Make sure the primary needs do not exceed 50%. www.vvstockzone.com

  5. Wish The next 30% we can allocate for our wishes. For example buying the things we want but should not exceed 30%. If not used, the funds can be allocated for savings. www.vvstockzone.com

  6. Savings Before allocating funds for needs and wish, first separate 20% for savings. Try not to use savings funds, savings funds will be used for the next step. www.vvstockzone.com

  7. Step 2 Protection The next step is the allocation of funds for protection. The protection fund is obtained from 20% of the savings that we set aside each month. If the savings fund has reached 6x of salary, we can enter step 2. www.vvstockzone.com

  8. Various Kinds of Protection The protection fund consists of: INSURANCE FUND EMERGENCY FUND Emergency funds that must be available to be safe at least 3x our income each month. List of health insurance and life insurance. www.vvstockzone.com

  9. Step 3 Investment After step 2 is fulfilled, we can go to step 3. Step 3 is allocating funds for investment. For income that is not so big we can choose the following investments: 1 Invest in something that creates income 2 Invest in financial instruments www.vvstockzone.com

  10. Thank You! www.vvstockzone.com gtech.seo6@gmail.com.com

More Related