Four Fundamentals of Family Financial Planning
The leadership of the family is shared by the husband and wife. They are the leaders who lead either to success and prosperity or to drowning in debts and diasporas. All this is done through intelligent financial planning in a country that avoids leveraging and at the same time avoids the package of problems resulting from family financial crises. The couple must always try to create some financial savings that will benefit the family in future financial conditions and contribute to ensuring some stability. The couple tries as much as possible to apply the following verse in the words of the Almighty:
(And those who spend did not distracted and did not buy and there was a force) [Al-Furqan: 67].
Determining the budget and dividing the monthly income:
The importance of good planning for the smart family, in the presence of budget for the family, through that budget provides the family a reserve amount to help them to face difficult conditions and raise the standard of living, and secure the future. This is due to the fact that the household income or the salary of the husband is divided into three parts or more - a household item that does not exceed the limits set for him, a second item for personal expenses, another item for public services, The surplus (if any) is then collected from these main items at the end of each month and added to the reserve amount saved for contingency, collected at the end of each year for the benefit of the household.
Al-Ahtat with a deposit book:
There are different ways to keep the family budget! The successful smart family is the one that controls its expenses reasonably, without extravagance or reduction, and in order to protect the family from borrowing at the end of each month. This, of course, may require the family budget officer to keep a book of expenses to cover all expenses spent on reviewing them. At the end of the month to know the necessary and unnecessary to avoid duplication of spending. With the waiver of the luxuries that can be dispensed by the couple and as limited as possible to the necessary expenses.
Participation of all in planning and implementation:
The smart family is the family whose members are involved in the management of their affairs, in order to discuss the expected problems and the desired desires and to differentiate between the objectives and plan them in light of the available resources. In addition to the many economic benefits of the family itself, it is a strengthening of family ties and the formation of individual personalities with high responsibility, planning and thinking.
Making good purchasing decisions:
Financial planning, purchase planning and disbursement; buying a variety of household needs is not an easy buying process, as many people think, but need to think and know. Decisions such as: How much money with the family are to buy? What kind of need to purchase? And where do you buy? And how to store! Etc. These decisions affect the members of the family, so it is necessary to think deeply and experience and compare prices and types, so that the decision to buy a wise right. Therefore, the first thing to consider during the purchase process is not to buy more than necessary, that is to buy the quantities of food needed only, to avoid unnecessary damage, and should be purchased from the central stores and take reduction periods, events and other such as buying summer needs in the winter And vice versa.
We wish everyone a happy and successful family life and a lasting prosperity.
- 10 Apr, 2018
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