How To Determine Your Insurance Premium
A study at HARVARD says 78% of people in the world are
falling poor, because of health costs / hospital costs are HIGH. Protect
yourself and your family for a better future !!.
There is no standard count in determining the insurance
premium of a prospective customer, the following way you may already know from
the insurance agent who came to you the last 1 week. However, it never hurts to
share with you.
Ideally, your family's insurance premium is between 15-20%
of your income and wife (if both work). To facilitate you, sy give the
following example:
Husband's insurance (5 jt / month salary)
If in a year then 5 jt x 12 bln = 60 jt then the premium
min. 15% is 9 jt / yr or 750 rb / bln and max. 20% 12 jt / yr or 1 jt / month.
Wife insurance (salary 3 jt / month)
3 jt x 12 bln = 36 jt, then premium min. 15% of 5.4 jt / yr
or 450 rb / bln, and max. 20% 7.2 jt / yr or 600 rb / month.
So if in join, your family's ideal insurance needs are
between 1.2 jt - 1.6 jt per month.
How easy is not it?
Saving With The Right
Way
Hearing the word "saving", many people
automatically associate it with a frugal lifestyle. Lately even the word save
and save even sometimes negative connotations because it tends to seem stingy
against everything. But saving is not just a life saver.
It's so much more than just spending less money. So let's
try a new perspective: saving is the way we 'pay ourselves' in the future by
setting aside some of our income today. Saving is no longer a piggy bank that
is only filled with money from the remnants of spending or accounts with a
balance up and down because there is an ATM that allows us to withdraw funds at
any time.
Ideally, saving becomes the main focus. Do not wait for the
rest of the income to be put in, because in the future we will definitely need
the funds we set aside today.
In fact, it's often easier to say than done. There are so
many saving challenges, including determining how much we have to save, whether
the right product to use, and how to ensure the money we have set aside we do
not sabotage in the future.
So, how is the right way to start setting up realistic
financial goals and optimizing the money we have? Here are the steps:
1. Sort your debts
How much of your monthly income is used to pay the debt? It
can make you realize that paying off debt is the simplest way you can save
more. In some people, the ratio of debt to income is inversely proportional to
the ratio of saving to income. In short, the bigger the debt repayments, the
less money saved for later needs.
So write down all your debts and separate productive debt
such as mortgages, KPM, KPA, and accounts payable, with non-earning debt such
as credit card installments. As far as possible, pay off your credit card debt.
Realize that you are learning to save for the future and you can save more if
you do not have to pay off various debt installments and interest.
2. Build an emergency fund
The only reason you can postpone your debt repayment is to
build your emergency fund. The amount of this fund ranges between 4 - 12 times
your expenses per month. Calculate your needs and start saving to achieve them.
Building an emergency fund can be your initial exercise to get used to saving
with discipline.
3. "What's your purpose?"
... is the question that trademark Ligwina Hananto, CEO of
QM Financial, to illustrate that saving needs goals. In addition to helping you
determine the appropriate product, it is this purpose that will limit yourself
when you are tempted to sabotage the funds you have saved.
If you sabotage the pension fund, then you will not be able
to maintain your lifestyle now when it is retired later. If you sabotage a
vacation fund, then you can only bite your fingers when your friends are busy
updating their holiday photos on Facebook. If you sabotage the cash advance,
then you will stay with your parents or in-laws, and so on.
Then determine your financial goals and do not forget to
determine the realistic time period needed to achieve that goal so you focus
and get the spirit to achieve it.
For short term goals, this is easy to do because you only
need to look for the numbers and save regularly to achieve them. For long-term
goals such as pension funds or college tuition, you need to take into account
the inflation factor into your calculations. It's a good idea to learn about
investment products so that your managed funds can be managed optimally.
4. A journey of a thousand miles begins with a single step
Now is always a good time to start saving. If you do not
start immediately, pensions, vacation funds, education funds, and funds for
other financial purposes will not accumulate by itself. Realize that to achieve
the financial freedom you've been dreaming for, there's a long process to go
through.
Do not be too stressed think if you fail to save this month.
Just mean that you will be better on your next payday.
