manage the money after the holiday
Author: Hector
most families in Indonesia, would increase spending approaching Eid. The problem is whether the activity is carried out according to ability or beyond capacity? Well this is the danger if the activity is carried out especially with the ability to use aliases loan debt, especially credit card debt.
It would be nice if we begin to understand that debt can actually be managed or managed with the aim that the debt does not backfire.
Facts on the number of diseases that are difficult to cure the syndrome aka debt digging the hole closed.
Readers are wise, in general debt that occurred outside the inability to pay is the debt of credit card transactions. In order not to contract the disease syndrome debt then please use these signs:
Large debt repayments (principal and interest) up to 30% of the average of your regular income rather than a combined income of the spouse and not the accumulation of a bonus.
Explanation:
1. Maximum mortgage limit of 30% is a healthy ratio of family finances because 70% is used for investment as well as the needs of the monthly routine.
2. Not a combined income is part of the debt management & risk management to maintain if one of them stopped their income.
3. Not accumulated by the bonus is a bonus for non-routine nature, is also part of debt management.
Case
One has a credit card with a limit usage Rp 20 million, monthly salary of Rp 5 million, Rp 4.8 million bonus THR, In an emergency (if very, very forced) the maximum amount of usage of credit cards amounted to Rp 15 million with a minimum payment of 10 conditions % Rp 1.500.000, – (this is 30% of salary with no bonuses). However, we strongly recommend to perform a credit through Credit Card (very high interest).
More if our surgical cases, the payment is made in installments (not full), then it must be noted that the costs are very expensive, because the excess money is given to very large banks, let us compute: eg transactions made on the date. A Rp 15 million, the payment (the minimum) do date. 21 Rp 1.5 million are credit card interest rate is 3.0% per month, then a year to 36%. In fact, the interest you pay over 36% per year!