stages of budgeting:

1. Determine financial goals
To be financially independent, start by determining the financial objectives of short, medium, and long. Ask a number of questions to yourself to help you clarify the objectives financially. What is Your top priority, whatever your needs are, and what is your desire?

2. Collect a variety of personal financial information
The next stage, collect all income and expenditure data. The Data should you collect in between the salary for that already work or allowance from parents, credit card bills, payment of goods which become primary needs, and more.

Then do the classification of data into three parts for the basis to make a budget. The first part, i.e., earnings, earnings from the entire summing these all sources of income. The second part, i.e. the expenditure, expenditure remained as summing these all home mortgage, and spending money on gasoline, variables such as phone, and more. Third is the bottom line, i.e. the difference between the income and expenditures that will give you size does your spending has been excessive.

See Your bottom line, if the difference is positive then you could set aside more funds to save money or raise the amount of payment or credit card debt. If the difference is negative, it means you spend more than income.

“If you spend more than 15-20 per cent of net salary, plus payment of debt or credit card bills, you are on dangerous position. Thorough back your expenses, especially expenditure variables to control spending. Do not get the salary of Rp 5 million but spending a month Rp 7 million, “Hotman said. “If necessary, write down the monthly expenses,” he added.

3. reduce expenses!
Many people are spending money for goods which actually they don’t need, although perhaps she wanted. Therefore, you need to monitor your spending with small notes always bring. These notes will help you recognize the spending habits of each month. Of course you need to discipline records all daily and monthly expenditure in this entry.

Even though the bottom line you are positive, the habit of reducing spending still needs to be applied. Start by bringing food from home and eating in restaurants. Subtract also the habit of drinking coffee and eating at fast food restaurants. “You could save USD $ 5 million per year if the habit of drinking coffee is Rp 20,000 per day could be reduced,” Hotman suggestions. Quit the habit of smoking a pack a day can also save some Rp 1 million per month.

4. make a budget formula
The last stage in drawing up the budget was made formulations. Determine the composition of the budget presentation from your monthly salary. Like what percent you  for savings, the cost of the rent or mortgage, food, clothing, transportation, sightseeing, and more.

You can adopt the composition of the budget as described Ligwina  financial planner on the occasion  is different. Ligwina suggests, the composition of the debt repayments are a maximum of 30 per cent; insurance premium, composition of household, transportation needs, the needs of children and families, as well as health is 20-40 per cent of earnings; the composition of your personal needs like shopping for clothes, grooming salon, or buy a gadget is 20 percent. The rest, about 10-30 per cent, is to be saved as an emergency fund.

Research on financial awareness held Citigroup Asia Pacific or the Citi Fin-Q on 2010 points out, more and more people are realizing the importance of Indonesia’s financial planning. Of the 500 respondents with an average income of $ 10 million per month, is 57 from Indonesia worth 100 points, up from the previous year, 52. Unfortunately, this increased awareness coupled with implementation. Only 47 percent of respondents who obey his monthly budget, while 38 percent of respondents are still in the stage of trying to follow a budget. Jesus Christ, Vice President of Customer Care Center Head of Citibank, said, the first step to be able to have the financial  is making a budget. “Beginning with the budgeting, saving, investing, and sharing. Budgeting is important to help you achieve financial independence, “explains Hotman in Citibank Journalist Class in Jakarta,

Stages of drafting the budget to achieve financial independence begins with determining the financial goals; then collect personal financial information; then reduce spending; and lastly make formulas in the preparation of the budget

 Solve the Financial  Troubled

You may experience problems or are on the verge problem if your Bill swelled while your income doesn’t increase. Your financial solve immediately if there are at least two points below that fits your situation right now.
My monthly bills for a minimum of 20% or more of net salary, excluding rent house repayments or MORTGAGES.
-I withdraw cash from one credit card to pay another credit card.
-I do not know the total amount of the loan and use my credit card.
-I get a phone call or a letter from the bank or lender institutions because it does not make a payment at maturity.
-I am often late paying bills.
-My credit Application is rejected.
-My income is not sufficient to pay all my bills at this time.
My credit card was declined when buying something because its usage has exceeded the limit.
-I have more than three credit cards all of which I use.
-I have three credit cards and apply a new credit card.

Understanding The Budget:

• Glenn a. Welsch defensiveness budget is as follows:

“Profit planning and control may be broadly as defined us systematic and formalized approach for accomplishing the planning, coordinating and control responsibility of management”.
From an understanding of the above, the budget associated with basic functions include the management functions of planning, coordination and oversight. So when the budget is linked the basic functions of management then the budget covers the functions of planning, organizing, directing and supervising every unit and organizational fields in the business entity.

• According to Gomes (1995, p. 87-88), the budget is a document that seeks to reconcile priority-priority programs with income resources projected. Budget combines an announcement of organizational activity or purpose for a period of time determined by information regarding the funds needed for the event or to accomplish those goals.

• According to Mulyadi (2001, p. 488), the budget is a plan of work which is expressed quantitatively measured in monetary units and standards of measurement units to other menvakup a period of one year.

• According to Supriyono (1990, p. 15), budgeting is a financial planning firm which was used as the basis for control (supervision) corporate finance for the period to come.

The budget is a short term plan arranged by plan the long-term activities set in the process of drafting the program. Where the budget drawn up by the management for a period of one year, who later would take the company to the specific conditions of the desired with the specified resource.

Budget Function:
The role of the budget on an enterprise is a great tool to assist management in planning, implementation, coordination, monitoring and also work as a guide in the conduct of the company for the intended purpose.
a.  Planning Function
Planning is one of the management function and this function is one of the functions of management and functioning of this is the basis of the implementation of other management functions.

• Winardi gives the notion of planning are as follows:

“Planning actions include selecting and connecting facts and create and use assumptions about the future in terms of visualization as well as formulating the proposed activities as deemed necessary to achieve desired basil”.
From the above quote before it was concluded that the company commenced operation, the leader of the company should first define what activities will be implemented in the future and the results to be achieved from these activities, as well as how to execute it. The existence of such plans, then the activity will be able to do the job properly.

b. the Surveillance Function
The budget is one way of conducting surveillance within the company. Supervision is the efforts taken in order for the plan which has been drawn up  can be achieved. Thus the supervision is to evaluate the achievements of the work and the corrective actions if necessary. Aspects of oversight namely by comparing between the budgeted, with accomplishments are to be found the efficiency or whether the managers of the executor has worked well in managing the company. The purpose of supervision it is not looking for mistakes, but prevented and imperturbable errors. It often happens that the supervision function of the proposition that debugging subjected to others or as a punishment for a tool dropped the mistakes made on purpose to guarantee the establishment of supervision that the goals and plans of the company.

• 

  The Function Of Coordination

The coordination function of the alignment of action demanding work of any individual or the inside of the company to achieve a goal. Thus it can be said that the
to create the coordination required good planning, which can show the harmony of the plan between one part with another part. The budget serves as a planning should be able to adjust the plans made for the various sections in the company, so plan an activity that one would be in harmony with the others. For that the budget can be used as a tool for coordination that exists in all parts of the company, because of all the interrelated activities between one part with another part is set up properly.

• Budgets As Working Guidelines

A budget is a plan of work drawn up systematically and expressed in monetary units. Often the preparation of the budget on the basis of past experience and the appraiser estimates in the future, then this can be employment guidelines for each section within the company to run its activities.
The main goal of most of the budget is for outside oversight, namely to limit the overall resources available to an agency and to
prevent spending-spending for things or activities that are not justified by law.

Working Capital
When traditional lenders say no, Merchant Ad visors says yes. Here’s how…

With our wide range of funding programs we’re able to customize a plan that gets you the funding you need, when you need it, and at an affordable price.

We can free up your working capital by factoring outstanding invoices, by purchasing some of your future credit card receipts at a discount, or by creating a customized business loan or business line of credit solution.
What is Working Capital?

Working capital is the usable excess of your current assets such as purchasable invoices, or sale of future credit card processing receipts.

In the end, you’ll have the most funding at the most affordable repayment discount. With a strong pool of funding sources, we bypass stringent requirements of traditional bank loans and put you back in control of your business.

We’ll review your situation and come up with a solution that meets your immediate cash needs. We’ll also structure a relationship that is set up for the long-term.

I have some complex (fairly) user controls that I have created. Some of
those user controls host other user controls. When I host one of these on a
WinForm, I sometimes run into problems where the designer blows up with an
“Object Reference Not Set to an Instance of an Object”. Sometimes it even
(so kindly) “munches” my code in the hosting control. Unfortunately, it
seldm if ever tlss “where” exactly the problem occurred, and to my knowledge
there is no way to run the designer in debug mode and stop through what it’s
doing.

My fix, for now, as been to put a “if( !DesignMode) test around al of the
set / get fxns in my properties. This works (usally…. Although under
certain circumstantial, the designer has apparently not set the value of the
Design Mode property by the time these properties are getting configured.)
All this fact-checking in my properties is superfluous, were it not for the
fact that the designer always wants to assign values to them that sometimes
do not make sense. Especially and most particularly when the properties take
objects as their values, and the designer is trying to assign “NULL” to them.

Is there some attribute that I can assign to my properties that will prevent
the designer from trying to retrieve values from, or assign values to them
while rendering the control in design mode? I have seen the [Foreseeable()]
attribute, but that doesn’t seem to fully cover it. Is there a collection of
information on these attributes somewhere that I can read up on? Surely
there has to be a better way to do this other than what I am currently having
to do.

When the borrower’s promise of his home equity as collateral to obtain loans, home equity loan is called loan. Nevertheless, equity home loans granted to be determined before the borrower. According to the standard definition, home equity is the value of homeowners burdened market interest in their real property that is the difference between the fair market value of the home and the balance of all liens on the house.

In addition, home equity increased as the debtor makes payments to the mortgage balance. In addition, the value of the home can also increase when there is a real appreciation of property values ??in the market. Often referred to as the value of real property, borrower’s home equity to help meet a variety of expenses including home improvements, medical bills or college education and the requirements of contingency like that might come to him.

More often called HEL, Home equity loans are usually considered a second position lien or second trust deed. However, the same can be held even in the first or, less commonly, third position. Most lenders equity loans require borrowers to provide good to excellent credit history and reasonable loan-to-value and combined loan-to-value ratio, among others. In addition, there are two types of home equity loans such as closed end and open end equity loans.

Then there are special requirements documents and fees that must be met before obtaining a home equity loan. Assessment of costs such as fees, expenses of origin, title fees, stamp duty, fee setting, Closure fees, early pay-off fees, etc. must be paid before leaving for home equity loans. In addition to the previously mentioned costs, surveyor and conveyor or valuation fees may also apply for loans but some may be eliminated.

It is remarkable to note that borrowers must understand the difference between home equity loans (HEC) and Home equity line of credit (HELOC) and there is no ambiguity maintained. While the HELOC is a revolving credit line with adjustable interest rates, home equity loan is a one time lump-sum loan. In addition, home equity loans come in fixed rate which may be high at the beginning and low at the end or vice versa.

Home equity loans and lines of credit are usually much shorter than the first mortgage term, however, the same is not universal truth. HEC and both are usually referred to as a HELOC second mortgage for the reason that they are secure against the property value in the traditional way of mortgage taken. As seen, the home equity lender in the United States is sometimes cut off a home equity loan interest on one’s personal income tax.

As is quite clear, loans home equity loans are considered safe to reason that the debt secured against collateral. In the event the borrower fails to return the loan amount the lender can request ownership of the asset or it could go for a foreclosure home. Interestingly enough, while credit card loans are unsecured loans, pay credit card debt using home equity essentially converting unsecured debt to secured debt.

One of the biggest worries for people to see the effects of debt consolidation is what will happen to their credit ratings.

Common myth is that the Credit Card Debt consolidation is like a debt consolidation is as damaging as filing for bankruptcy. Nothing is further from the truth. Debt consolidation ignorance perpetuates this misconception. Debt consolidation is a mulch-faceted approach to debt freedom. Understanding the different aspects is the best way to understand why they are not bankrupt like.

Bankruptcy is a legal process, in which the courts step in and work on reducing or eliminating non-guaranteed debt. Bankruptcy remains on your credit for at least seven years and can stop you from getting the front line of credit. Even secured loans, like mortgages, was forced to renegotiate their loan terms. Non-guaranteed loans are often omitted, leaving a credit card and other similar credit line, without payment. There are different types of bankruptcy, several attempts to repay the debt, while others try to eliminate it?

Debt consolidation is very different. Debt consolidation consists of various approaches. Debt management, debt settlement, debt consolidation and all the different approaches. Each approach has distinct advantages and disadvantages.

Debt management is also called debt counseling. In this type of consolidation, the agency works to manage your debt payments. This is the most damaging your credit. This does not affect the score, but lenders often treat it as a bankruptcy. This means that it will be difficult to get credit in the future. It needs a long time to get out of debt, in this way. Some agencies are not careful, will charge even when they can not fully manage the debt.

Debt settlement and debt negotiation is the fastest way out of debt. In the form of consolidation, the agency negotiating for a lesser term of the creditors. They usually handle payments to creditors. Since you no longer pay the debt, there is a negative impact on your credit score. This negative assessment is usually short-lived and the score increased after the debt is finally paid off. It has a long-term impact on credit that is very small, very different from bankruptcy.

Debt consolidation is the best choice if you are worried about the credit. These usually use the equity from collateral sources, such as a house. This allows for lower interest rates and the possibility of tax exemption