Budgeting and Financial Management

Budget is one of the very first topics in Personal Finance.

Many may think budget is about control expenses but the true meaning of budget is to PLAN AHEAD. Although they may mean the same thing but actually it will leave a very different psychological effect.

At one hand, one is focusing on 'expenses'. Controlling implicitly mean NOT to over spend it. This creates an internal conflict of "I want it but I can't have it". Whenever a control fails, its due to lack of discipline. The resolution is to control it better which is enforcing discipline. Enforcing discipline on a person who naturally does not have discipline is the internal conflict mentioned earlier.

On the other hand, PLAN AHEAD would simply imply "I want it and I will get it". This is more target oriented and positive minded. Whenever a plan didn't materialize, one would have to plan better; as in "how else can I get what I want". This may further enhance one's creativity.

To control or to plan ahead,

its your choice of words.

If budgeting is the beginning of personal finance, the other end would be Financial Management; as in fine tuning her very own portfolio.

At a personal finance level, financial management would typically focus on increasing cash flow and net worth. However, there are 1001 finance tools out there. So there is really no one single portfolio that suits all. Everyone will have his own skills and preferences.

Comments

Cara Membuat Salad Buah Segar Yang Enak dan Praktis

Cara Membuat Salad Buah - Assalamualaikum Bu Ibu, yang seger-seger numpang lewat ya. Hayoo siapa sih yang bisa menolak kelezatan dari salad buah ini? Terbuat dari buah-buahan segar seperti strawberry, kiwi, melon, kelengkeng, naga merah, semangka dan pepaya yang dipadu dengan dressing yang creamy pasti mantul banget kan. Apa lagi jika dinikmati selagi dingin, endeus! Cara membuat salad buah yang enak dan segar tentu saja cukup mudah. Bahan-bahan yang digunakan juga terjangkau dan mudah ditemui dimana-mana. Selain buah yang sudah saya sebutkan di atas, Anda juga bisa menggunakan buah lainnya sesuai selera. Namun untuk saus atau cream yang akan menemani potongan buah tersebut harus tepat. Tidak boleh terlalu asam, terlalu manis dan juga jangan terlalu gurih. Pokoknya harus pas manis asam dan gurihnya, agar salad buat yang Anda buat enak dan tidak bikin eneg saat dimakan. Tips sukses membuat saus salad buah yang segar dan tidak eneg adalah gunakan yoghurt plain. Kenapa? ...

New Sabah Property : HOT !

Famous Feng Shui sifu said that new sabah property is going to continue to be HOT for the next 20 years. As a matter of fact, he refers to both Sabah and Sarawak. Some may have already seen that properties development have been on the rise in East Malaysia for some time now especially in Kota Kinabalu, capital of Sabah. Although there have been critics that such a trend has no sustainable growth and therefore they considered it a bubble rather than a living standard up scale. However it doesn't really matter how right they may be or how noble you are, the market doesn't really care. If it continues to have more buyers than sellers then the price will continue to trend up, despite anything else i.e. no one actually utilize those properties. It shouldn't be too hard to understand the rise. First of all, Borneo is an island. Island has limited land. So 'eventually' the price of land will rise. Its been proven in Japan, Hong Kong Island, Singapore and even Aust...

Find out Your Life Purpose in 5 minutes !

Answer these 5 questions Who are you ? What do you love to do ? Who you do that for ? Is it their Need or Want ? How would they change from what you do ? Example: I write personal finance articles so that anyone can be richer everyday I sell salt lamps so that Asthmatic people can sleep better at nights I drive all the business men in London so that they are always on time I write philosophical topics so online readers can have an inner peace stronger mind. Please write down yours in comments below ~

Masakan Tradisional Indonesia

Search This Blog