Multiple sources of income. Sources of family income
This article will pay attention to the question of why multiple sources of income are needed and how they can be created.
One salary is not enough
This issue is of no small importance,if these sources of income overlap due to the loss of a job, and the family needs to be fed, and there are other financial obligations (for example, a bank loan). In this case, the variant of earning will also help in another place.
Therefore, in the subject literature can be foundinterpretation of such a concept as multiple sources of income. It is the creation of these will contribute to the formation of true financial freedom. Especially if such sources of income generation are passive. In other words, it is the profit that a person receives, regardless of whether he works or has a rest.
Passive income sources
1. Opening of own business. This is a kind of activity that does not require special participation in the process of functioning, but will require a lot of attention at the initial stage.
2. Income from leased real estate. It can be personal property both in Russia and abroad. Such sources of family income are relatively stable. At the first stage, it is advisable to have such a property abroad.
3. Copyright - quite interesting sources of income, formed due to various printed or audio, video materials, as well as inventions created personally. The source of such earnings is the receipt of royalties.
4. The bank deposit, which is the most common source of additional income. It is formed due to the investment of a certain amount of money in the bank at interest, which also refers to the passive type of earnings.
In what order is it better to generate income
If today there is only one type of income in the family, then experts recommend adding others gradually.
Multiple sources of income: their creation
- the direction of activity in which it is planned to create a source of income is chosen;
- a definite plan for its formation is drawn up;
- this plan is being implemented.
Other sources of income
In addition to passive, there are also sources of income, such as:
- the award for work;
- compensation and compensation for damage;
- Pension;
- scholarship;
- alimony.
Income and expenses
It is quite another matter if it comes toirregular earnings. In this case, it is more difficult to plan the sources of income and expenditures, since the size of such an average family budget for the previous year and the moment concerning what is expected its minimum amount per month remains uncertain.
An important issue for the budget of any family isits planning in accordance with the minimum size of the source of income. And in case of surplus, it will be possible to direct them to cover additional needs.
Security of income sources
The best option is that all the able-bodied workfamily members. At the same time, they must have different places of work, so that in the event of any reorganization at the enterprise, the family does not remain without earnings. Family income depends on a large number of factors, but effective planning will help to increase the effect of income growth with their distribution among sources.
An additional source of income
As an additional income, you can try to get a temporary place of work (if possible, it can be combined with the main one).
Each person has his own uniquetalents, which he realizes as a hobby. An example is handcraft. So, crocheted products can be sold with good income, they can be made to order.
Another example is the hobby of the garden and the garden. Thanks to successful sales, you can also get additional income from your land in autumn.
Thus, such activities will bring pleasure, and, perhaps, a small, but still earnings.
Spending part of the family budget
Expenses are an important component of anyplanning of the family budget. After all, the well-being of all its members depends on their optimization. Often in families there is an excess of expenses over incomes. This situation facilitates the collection of loans in banking institutions, which subsequently increase the expenditure part of the family budget, because the loan must be returned on time, and even with interest.
- food, shelter, clothing and expenses that are related to health;
- the upbringing of children, related to the payment of tuition and rest.
Such needs are the same for everyone,but only differ in the level of earnings of family members. For some parents, raising children of preschool and primary school age is much cheaper than those who, thanks to their income level, can provide their offspring with additional elements of education (for example, foreign languages). The latter in the future will have a better quality of preparation and, accordingly, life than the parents themselves.
Depending on the size of the source of income, people plan their vacation. So, for some, it will be expressed in work in the garden, and for others it is a trip to a foreign resort.
Expenses, like revenues, can be permanent and random. The first can be classified as those that are repeated in a certain period (for example, once a month):
- utility bills;
- rent;
- repayment of loans;
- premium insurance;
- tuition payment;
- fare.
The incidental costs are:
- capital and current repairs;
- purchase of equipment;
- costs for examination and sickness.
There are also so-called "undesirable" costs, consisting of:
- fines and penalties;
- various compensation (for example, repair of housing flooded with water neighbors);
- interest for unpaid obligations.
Summarizing the material presented in this article,it should be noted that drawing up a family budget is an integral part of any "social unit". Only through effective planning can the family exist at a sufficient financial level.
