What does your Family Financial Balance

What does your Family Financial Balance

As we have seen that in assessing the health of a company is not independent of financial reporting and ratio analysis is in such financial statements, as well as their family's financial health also requires analysis of the financial statements concerned families.

Financial Statement Analysis
Previously we have talked about the financial statements and reports income flows of cash from the family finances, now we'll talk specifically about the family's finances.Actually, what the hell tuh financial balance family and what information can you conclude through the analysis of this report.
Just as the company's finances, we also divide it into the Assets on the left and side Liabilty and Net Worth on the right.You can divide the assets into 3 parts namely Liquid assets (ie funds at any time you can use like the one in Cash, Current and Savings Accounts), personal assets (ie assets that are not productive and only used for personal purposes such as private cars, home furnishings, jewelry for his own use, Electronics, etc.) and the latter Assets Investment (ie assets that generate the return or its value tends to increase from time to time, so its not productive and consumptive purposes such as deposits, mutual funds, bonds, shares) . While the Liability can be divided into 2 of the Short-Term Debt (which will be due within 1 year) and Long-Term Debt (remaining debt will be due on the 1-year). . While Net Worth or net worth staying subtracting the total assets with a total liability of those. Well just as analysis of financial statements in general, that the Net Worth must be always kept for showing a net worth of a family, you are rich or not visible from the value of this net worth. The ability to manage finances with always doing traffic analysis to study the family's financial spending patterns can result in the ability to control the family finances that can result in a net cash flow each month from time to time. Net Cash flow . Net Cash flow is what will increase the Net Worth or your net worth. liquidity ratio, debt ratio, debt service ratio, saving to income ratio, solvency ratio. So do not be extravagant, man and Non ... so that your wealth continues growing. Try to imagine if every month the value of your mutual fund deposits and growing, relatively little large-well-well, but it is important that you are committed to your family until the goal is reached. While to analyze more details of the family's financial health position required ratio-ratio analysis such as analysis of the liquidity ratio, debt ratio, debt service ratio, saving to income ratio, solvency ratio. . Through analysis of this ratio-ratio we can know the financial health of our position so that we know what the strategy should be improved and what should be done. This analysis will help us in setting family financial goals.

. Strategy is to direct as much as possible so that you have a productive asset, or some people call it investment assets, something called good assets, some assets are called positive assets that can provide you with additional cash flow, then do the additional investment (reinvestment) with fixed maintain your liquidity position and maintain the position of your debt so you still get the additional net cash flow or economic value added to your debt management. owed Well okay just do not aja debt for consumption purposes, such as credit card debt to buy electronics or the more hp ngetrend, you make money or loose money. Berhutanglah with rational by looking at the economic benefits for you, yah kalo owed to the business or to buy the leased property-rental okay okay well live counting aja aja, you make money or loose money. Kalo there was additional value or benefit in the long term or to produce returns that provide economic value added (net additional cash flow) seteleh deducted the cost of debt, then you have debts with the rational. . Do not let what happens is the opposite of your consumer debt for purposes to the extent that your net worth is less than your debt, I'm sure your net worth will soon be eroded over time that you eventually go broke. So in this case required a way of thinking rational, well do not need to ride is a luxury European cars do not reply in his capacity, not more rational reply we choose a Japanese car was a smaller CC. Well, aspires to have a luxury car aja okay man, but think about what all needs and priorities of financial planning for your family are met or not. Only by acting wisely, can help you help yourself achieve your family's financial end.
.Remember Incorporisano Mensana sentence is within the Healthy Body Healthy Soul is also, well in that regard should not we do not maintain the financial health of our families, kalo gak health until this one, be careful lo one of his soul will also disturbed, try aja you can see husband and wife who fights only because of financial problems that are not healthy. Hmm but he said Love was everything ... Love you can beat this one issue. Now back to your own.