In addition to ensuring the economic future of your children, it is important to start planning your retirement, to meet this goal it is necessary to organize to save 10% of your monthly income.

Habits such as saving and financial planning can be great allies of single mothers who head families, as well as build a future for their children should also start working for their own future, said the director of Human Capital Skandia’s investment funds, Maria Eugenia Castillo.

In Mexico there are 4.5 million single mothers (single, widowed or divorced), of which 71.8% work, while the third lives in poverty, according to the National Population Council (CONAPO), and for this reason it is important start thinking about how to prepare for a sound financial future, he said.

“The economic risk of single mothers is that they focus all their financial efforts to provide their children with education, health, clothing, housing and entertainment, neglecting a very important aspect of life, that is their retirement,” said the expert.

While the financial priority in these cases is focused on children and supports themselves, if not start a savings plan for retirement, it is possible that in adulthood does not have the money to sustain themselves. (more…)

” How to divide financial based on their posts?  Example: The cost of sales, promotion, profit/gain “. Financial planning will be discussed below associated with trading activities, which can give you an idea how to do financial planning.

Financial Planning.
Good financial planning, can be a part of the success itself. The beginning of success begins with good planning. Here is a simple example of how financial planning, which is associated with a distributor of business / trade snacks.

Tell the coming year you plan to distribute 12 tons or 12,000 kg snacks to customers. If divided into 12 months of the estimated 1000 kg per month. If the purchase price is USD 2,000 per kg and you plan to sell at a price of USD 2,500 per kg, while costs such as transport orders, etc. is USD 200,000 per month or USD $ 2,400,000 per year, then the calculation of benefit plans in 2008 after the count and general administrative expenses USD. 600,000, as shown in the following table: (more…)