“Plus the euro is starting to strengthen against the US $ from 1.9 to 1.21 to make the position fueled rupiah would come up,” says Head of Research and Futures analyst PT Monex Investindo to okezone Johannes Ginting, Friday (06/11/2010).

According to him, strengthening the rupiah is still very dependent on the latest situation in the European crisis and if you see two days before a positive increase on the opening day of this amount tends to a positive direction.

“Rupiah is expected to strengthen to a level between Rp9.150-9180 per US $,” he explained

But it was likely to weaken rupiah will return to the level of Rp9.300 per US $. This is due to negative sentiments from the European crisis.

In trading yesterday, the rupiah closed victorious and not affected by the weakening of the Composite Stock Price Index (CSPI).

Based on data from yahoo finance, the rupiah was trading on Thursday (10/6/2010) closed at Rp9.232 level, five after previous open Rp9.252 level, 5 per US $.

Meanwhile, according to data rates when the central Bank Indonesia (BI) rupiah closed at the level Rp9.250 per US $. The strengthening of world oil prices at USD74 per barrel level to be one trigger of the strengthening rupiah.

Of course everyone has a different view about granting credit cards supplementation in children aged adolescents.

“Giving credit cards to children is a training trust and responsibility are extraordinary, both for parents and for children themselves,” said Maria Sukrisman, Vice President, Card & Strategic MarCom Head, Citibank.

He explained that credit card issuers in Indonesia generally allow supplementation for children who already have identification such as ID cards, namely the age of 17 years.

The majority of parents agree that children should learn to be independent. They are taught early on saving and budgeting and, if necessary, be able to earn my own income. One way that can be achieved in teaching children how to manage finances is to give credit card.

Large profit from credit cards is to avoid the risk of carrying too much cash.

“Through the credit card, you can also control your spending and your children the ability to manage credit. You can see the transactions that they do through a monthly bill, so you can also see the habits of children and thus find out what problems might arise in the future , “explained Maria.

Based on that information, he added, parents can talk with children about the correct ways of using the credit card before they will have it own when having my own income.

Here are some tips from Citibank for parents who give credit cards to the child:

Teach children to use credit cards wisely

You should teach and give examples of the use of credit cards well to children. If you do not have good habits, most likely your children will follow the habit. Always remind you that credit cards are the means of non-cash payments, not for debt facilities.

Convey that the credit card is a Privilege

The first time you have a credit card, tell them that this card is a privilege that you give him and therefore they should be fully responsible for their use. Tell also that you will continue to monitor transactions performed by the children.

Review and discuss the bills every month

We accept credit card monthly bill, sit down together and examine every expenditure made by your child. If you feel there are things that are not needed or not should be, straight talk and finish it with your son or daughter. Through a monthly bill, you can also teach the children about the importance of interest and pay off bills on time.

Have a clear payment plan

One important thing is to be discussed with your child how he would pay the charge. If they have not worked, then you can put pieces of money monthly. Teach that they could only do the expenditure of the amount of money they have. If not, then they will not have the ability to properly manage credit card. If you buy a child something with a big cost, you may be charged interest when he returned the money to you.

Specify the limit that can be used child

Parents should make a deal with the child about the limits the use of credit cards. With the limit of it, both parties must be consistent in complying with the agreement that has been created. Make sure you only give one credit card to child.

If you plan to send children abroad, make a credit card payment facility that enables

Credit cards are very commonly used outside the country, so for the payment of tuition fees, purchase books, dorm room rental and other necessities could be done with credit cards.

For children, she will feel safe that parents in the ground water will meet the cost of education is needed. As for parents, although far in the eyes of children, credit card bills can be a role model activities and spending habits of their child.

As I promised, this edition focuses on the discussion of the estimated financial resources in old age as well as tips for identifying the funding shortage of funds with various funding sources available. Although it seems simple, there are systematic steps you should take to ensure a happy old age.

Prepare the Source of Funds

To facilitate your understanding about the methodology of calculation of income in old age, I will present illustrations Sasongko Pak family (quoted from the Old Days Planning Module Book Courses Certified Financial Planner).

Mr. Sasongko (in her 30s) has two teenage children. Husband and wife in this family is quite successful in their respective careers and they run a simple lifestyle. Both their income approximately Rp10 million per month before taxes.

They agreed to stop working at age 60 years (30 years). They want to have living standards that are simple, comfortable, but there is a certainty to finance their spending in retirement.

Furthermore, Mr. Sasongko need to make estimates about the needs of old age, and initial step is to estimate household expenditure when they retire.

Based on the records of income and balance sheet monthly household expenditures, household expenditures for Rp7 million per month. At retirement, their obligation to pay the mortgage (mortgage) has been completed and two beloved children no longer live with them.

Because some expense items reduced, Mr. Sasongko estimate that they only require 80 percent of the current financial expenditure to be able to have an adequate standard of living.

Thus, in later retirement years, Mr. Sasongko know that their life needs Rp5, 6 million per month or Rp67, 2 million per year. What next? They must find the source of funds for survival in the old days when they were not earning more.

Currently they already have two sources of income for such designation, the product of the Social Security savings accounts and life insurance programs they already have since several years ago.

In total premium benefits from both these sources could eventually provide income amounted to Rp50 million per year. Fortunately, they already have life insurance savings products so there is certainty of income sources in the old days later.

Based on the estimated quantities Sasongko Pak family needs in old age (Rp67, 2 million per year), there is a shortage of funds amounting to Rp17, 2 million per year in order to achieve their desired standard of living.

In addition, due to inflation, the shortfall will become greater. If their spending affected by inflation of seven percent per year, for example, means a total lack of funds will be Rp130.931.560 ballooned within 30 years (the amount calculated using the Future Value Table).

That is why, Mr. Sasongko need to calculate the amount of financial resources in the old days so they can finance the projected shortage of tersebut.Untuk find out how much money they need to collect, they first had to estimate the level of investment returns they can get at retirement will be.

This figure shows how much the funds they need at retirement so they could meet the shortage of funds that had previously predicted. When the results of investment amounting to eight percent per year, for example, means the family of Pak Sasongko needs capital for Rp1.636.644.500 when they retire.

This figure is obtained from the division between the magnitude of the lack of funds (Rp130.931.560) with investment income level (eight percent). During their funding of capital (Rp1.636.644.500) is not touched, the accumulated amount will provide an annual income as they need (Rp67, 2 million per year).

So, Family Pak Sasongko can know that they need the accumulated funds of Rp1.636.644.500 at retirement. Where does the need for these funds can be obtained?

The next step, Mr. Sasongko need to know the amount of funds they must set aside each month in order to achieve the target of accumulated funds. For example, the rate of investment return their funds amounting to 12 percent per year and the long investment period of 30 years.

Based on the calculation of compound interest factor to the Table for Future Value of annuity factor, the investment results obtained by the range factor of 241 333.

Thus, the amount of funds they need to set aside is Rp6.781.685 per year (or Rp565.150 per month). This quantity obtained from the division between the accumulation of funds that they need at retirement (Rp1.636.644.500) with the amount of investment yield (241 333).

That is, they must set aside funds Rp6.781.685 per year and this should result in savings interest rate of 12 percent per year so that the target of accumulated funds in the old days can be realized? Based on these illustrations, you can understand step by step what to do in financial planning in the old days.

More importantly, you’ve seen how important financial planning for old age! To accommodate the large accumulation of funds that you need later, you can equip themselves with life insurance savings products are designed so that you can get a guaranteed income which would, as surely as the standard of life you want later. Such planning requires an insurance agent and trained experts.

Within this context, involve a professional life insurance agent to discuss and design a financial planning program for the welfare of the old days you and your family.

Do you think you have enough income, but never able to save regularly?

Do you have attempted to set aside some funds for savings but ultimately abandoned funds and save any intention to fail?

If you answered yes to one of the questions above, then you need to listen to the following article.

Saving regularly challenge for everyone. Many people who have an income large enough but difficult to set aside money to save. While there are people who earn a relatively smaller but capable of setting aside some money for savings.

Here is an easy way for you to get used to saving money:

1. Immediately after you receive savings income

Yes, once your payday, receive commissions, receive a salary or any form of your income, immediately set aside some for savings. This way you avoid the delay and ensure that savings as a priority.

2. Separate your spending account with a savings account

In order to save can be run effectively and you can monitor its development, separate spending account with a savings account. Savings account you can create the same bank so it does not need to pay transfer fees for savings. I also recommend not to make an ATM card for your savings account. Thus, money that has been entered as a savings account will not be easily retrieved, so you avoid temptation and spend the money that has been painstakingly saved. Do not combine a savings account with a spending bill because it would result in confusion how much you’ve saved and how much should be spent.

3. Determine the amount of money you want tube

Based on your current income, determine the fair value of savings that you can do. As a guide number of 10% is the minimum which means you set aside some for savings. If you are still single and have no other substantial expenditures. This percentage could be increased up to 30% or even 40% of salary. With the other remaining 60% you will still be able to finance the needs of regular and a bit of fun with your income. In personal financial planning, create a budget for this and do regular savings in an orderly manner.

4. Think of saving as spending and forget

Once you determine the amount of money you want to save every month, then consider this amount as mandatory spending each month and after soon forget after you do it. Mentally when assuming the savings as an expense then you will be able to do it with discipline and routine as a liability. By forgetting that you have saved will avoid you think that there are surplus funds in the savings that can be used for various purposes.

5. Set your budget and any excess tube at the end of the month

If you have applied the preparation of monthly budget, then at the end of the month check your budget. If there are excess funds, then the excess is stored as additional savings for the current month.

6. Gradually increase the percentage of money you’ll save

Once you get used to the pattern of saving regularly, then you can increase the value of the percentage of income that is saved, for example from 10% to 20%, 30% and beyond. This will further increase the amount that people save and make you more efficient.

7. Do not ever count on saving money “if there is residual”

If you rely on money from the income remaining after use various needs for savings, it’s likely there will be no rest. Even if there is, usually the amount is very small and not comparable to your earnings.

Thus some simple ways to save that I can share with you. Error in saving many people are relying on the remaining balance of funds saved for later if still remaining. Believe me, if you do it that way, there will never be the rest of the remaining money could be saved and you will never start saving.

The temptation to use and spend money so large that they need a strong determination by way of saving money in the future, as soon as you get a refund.

Congratulations to save for future needs.

Recently, a reputable survey organization that is Citi Financial Quotient Survey (or if diarti-in more or less means the Financial Intelligence Survey), released new data about the habit of saving the Indonesian society. The result is no surprise that does not mean that, where the core is still a lot of our society who have not adopted the habit of saving with a good pattern. The survey results indicate that, estimated that only 47 percent of our society who have the habit of saving, rose only 29 percent are obedient to the budgeting, expenditure made and planned.

According Sonitha Poernomo as Vice President Corporate Affairs, Head of Citibank, said the questions frequently asked by several people about the saving is:

1. How to save money, while revenue is always being spent on everyday expenses?
2. How to choose the most promising investment and profitable? If even we already know, but still confused how to get started!
3. Still confused determine the most appropriate business, so once again still confused where to start, etc..

Responding to these questions, here are 10 top tips on how to save with ease which are strongly encouraged to apply:

1. Analyze our habits conducted during each month it.

Actually saving requirements are simple enough that if we get a month income is greater than expenditure. But here also a crucial problem why most people are reluctant to save. But when viewed closely, there must be actual expenditure could be reduced or even eliminated as long as we have a strong desire. Now to select and sort out what expenditure should be reduced or even eliminated, so we must first know the habits that we do to her every month. Analysis and study it in depth, then for sure we will find the solution to determine what types of expenditures that must be suppressed.

2. Set aside money in the beginning of the month.

Why not just end of the month. Usually if we want to save money with the money remaining at the end of the month, then the remaining amount of money is little or sometimes no. Therefore there is no harm in setting aside money for the tube at the beginning of the month. In this way we will try to adhere to the plan we have made previously saved amount so every early month.

3. Determining the date for the save, of course this is not a problem if we have a monthly salary. But this should be looked at if we are such a good entrepreneur. Therefore determine the exact date to be saved each month.

4. If we have a debt, such debt to the bank so make it priority to immediately pay off the debt. Because as we know the value of debt interest is greater than the value of interest savings. If the debt is paid off, it will make it easier for us to conduct a consistent savings each month.

5. Fine, then if the habit of saving has been running a little better, then start to keep trying to save consistently every month. Even if necessary and allow better investment in the program which usually can withdraw the money automatically (auto-debit) each month for the tube. Many Banks that offer this type of program, please select in accordance with our respective needs.

6. After saving activities can really run well, then it motivated us to increase the value of the amount of savings for each month. Many of motivation that can be used in this case, for example, seemed to want to give parents the cost of the pilgrimage, the intention of vacation around the country or even abroad with the people we love, and many other types of motivation who know this is more details ourselves to each other.

7. After a big motivation in saving already exists, then we should move to a higher level. Use our infrastructure to realize the motivation. Many facilities that we can choose, such as using a savings account that can not be in touch within a specific period such as deposits, etc..

8. Although we had walked to save any amount above the average, it then do not underestimate the amount of change. Nothing wrong with buying piggy bank to save coins than we have used to comply the needs that not important! For as the saying goes we’ve heard so familiar from childhood, although a little long but a hill. And this may be useful for us someday.

9. Then use the additional income (income excluding the principal) that if we can, then it should be saved, do the opposite in fact inserted into the bag for everyday needs if there is no need for that important. This habit can make our savings grow faster every month.

10. And for the latest tips may sound a bit cliche and boring, which is try to have the habit of living frugally. Do not underestimate this, because if we apply it right and followed with a consistent effort to make money then I assure you we will be far from the financial difficulties! Then if we already have a good habit to want to live frugally, it is never to try and extravagant lifestyle, because in principle we know to cultivate good habits is hard, in contrast to ruin a good habit is very easy.