The above example is just one live footage from the episode about the need for planning. Planning we can do is spontaneity, feeling as if we’ve set, or we plan it in writing and detail. We can see an example of strategic planning organization that we met in the office, organization, party or wherever.

But let’s try again further study. Compare the plans which will be more successful, planning or spontaneity that is already arranged in detail? If we go back to the example of this drive, it turns out that when we choose the path A at 6:30, we forget that it is our Way Through A on the clock through a well-known private schools that often tie up the road, because the number of cars that use the introductory student body way. If concluded again, our planning was correct, but less information.

Family Financial Planning is a planning is integrated for control over matters pertaining to the needs and use of state money to achieve a prosperous family financially in the future. Our strategy for the control of monthly expenses, education preparation, preparation to go hajj, retirement preparation, protecting families with insurance, choosing a good alternative investment to develop the property are small examples of financial planning activities.

If congestion on the road we can wait for 1-2 hours longer, but if the family’s financial bottlenecks, which concerns the life of our long-term? Can you stand it? Plan your family life from now on!  Step-by-step practical financial process you can do is to first, determine the specific family financial goals. Second, evaluate your family’s financial performance. In this case you create a balance sheet (balance sheet) and cash flow statements (income statement).

The next step is to develop strategies for better planning and protection of investments. Conduct and implement planning that you have created is the next process and we are confident that this step is most important. And the last is to evaluate and make revisions if needed. For more concrete we will try to explain the processes that must be done.

Set Financial Goals!
Determining the specific financial goals is the first step in a family financial planning comprehensive. Determining the family’s financial goals in accordance with the wishes of each family member in need of conversation. Each individual in the family must have a difference in many ways and preferences. Therefore, in determining a family’s financial goal of openness and consensus required family members, especially mothers and fathers who will lead or lead the family in the future.

Family financial goals should be stated in the measured values and accomplishments period. Suppose, you want to be living on easy street in the old days later. One thing that is also important in determining the family’s financial goals are realistic. Do you set financial goals are not realistic with your financial situation now. So this is not a dream that can not be achieved as long frog months. But it is a conscious goal you can accomplish through the implementation of sustainable.

Why is this so important ? Because the financial goals is the foundation of a family financial planning. Defining financial goals beyond the capacity will actually backfire for you in the future. This can only make you even do not do planning at all. Family financial goals should also be sorted by priority. If you have several financial goals, you should determine what should be achieved first. Because of limitations may be due to inflow or income that you can each month requires you to choose which goals to be achieved and more important to you and your family. Planning so that it can be implemented. Another achievement that can be done in the future if the financial situation allows.

As the story above, you and your family will be traveling, whether you will go away without any purpose? Of course not. Usually you have to specify where, for example to the summit. That’s the goal you want to accomplish.

Identify the Current Financial Condition!
Well now, you already have a goal to the top. You need a tool to reach there, let’s say with a car or other vehicle. Similarly, families with financial need tools to assist you in achieving your desired goals. This tool is the cash flow statement and balance sheet. With both these reports, you can follow the progress of the implementation plan for this. With both these reports, you can also see the family’s financial circumstances change.

Without a second of this report, is very difficult for you to identify problems or issues that arise and also the chance that you can maximize. Without it would be difficult for you to decide is where you are now and also difficult to determine a realistic planning and hard to develop a strategic plan.

Making cash flow statements should use the cash basis principles. This means that you receive income actually was at hand. If you have a deposit and the interest rates you can not take, this can not be included in the cash flow statement, unless the interest can you melt right away, it can enter into income.

In this report is recorded all that has happened or realized. So in fact, cash flow statement is a report of money in and out of what had happened. Report balance sheet is a second portrait of a family’s financial circumstances, such as of December 31, 2002. This report gives a picture of your family’s financial circumstances, whether the value of your assets good enough? What about the debt you still have? How does the solution if there? This should be viewed from your cash flow statements. Are sufficient funds for the loan installments are still there?

So the two of this report is to provide input to you about your family’s financial situation.

Alternative Strategies, Action, and Revisions
Well, you already have your own goal and you also have to prepare a vehicle for how to get there. Now the steps to be taken is to determine the desired route, Surely each route has a different view. Based on the agreed objectives and current financial condition, you begin to set the strategy needs to be done in order to achieve the desired financial goals, let’s say your financial goals is to prepare educational costs. Many products to choose from. Analysis of all the available alternative and take the best according to you and your financial condition right now. Once the route is determined, you will not get to the top if you do not step out the house and drove there. Similarly, the strategy you’ve set, only a strategy on paper without any action. Because we all do not know what will happen in the future. Finally, Plan your life and turn your plans