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

If the main sources of income are only the salaries of family members, then this is a rather unstable financial situation. This is especially true if the window below traces the next financial crisis.

This issue becomes important 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 earnings will also help in another place.

Therefore in the thematic literature one can meet the interpretation 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, this is the profit that a person receives, regardless of whether he is working or resting.

Passive income sources

So, what is it and by what criteria can they be evaluated:

1. Opening your 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 the 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. 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

For the successful implementation of their achievements and developments in order to obtain additional earnings in the future, it is necessary to draw up a certain algorithm of actions:

- 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:

- a prize for work;

- compensation and compensation for damage;

- Pension;

- scholarship;

- alimony.

Income and expenses

Provided that the family receives regular income, it has the opportunity to plan the appropriate level of expenditure. However, often, allocating spending on future monthly payments, you can find the need for additional payments. Thus, additional financial plans may appear.

It is quite another matter if it comes to irregular earnings. In this case, the sources of income and expenditure are more difficult to plan, since the size of such an average family budget for the previous year and the moment regarding what is expected to be its minimum amount per month remains uncertain.

An important issue for the budget of any family is its 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

In this case, it is necessary to reiterate the need for additional family members, in addition to the main source of income. For example, if a family member receives only a social allowance, then there is a possibility of changes in the current legislation, which will lead to the loss of the status of a citizen who meets the specific criteria for obtaining such a benefit.

The best option is that all able-bodied family members work. At the same time, they must have different places of work, so that in case of any reorganization at the enterprise, the family does not remain without earnings. Family income is dependent on a large number of factors, but effective planning will help 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 you can combine it with the main one).

Each person has his own unique talents, 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.

The Expenditure of the Family Budget

Expenses are an important component of any family budget planning. 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 contributes to 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.

The following are the main expense items:

- food, shelter, clothing and expenses that are related to health;

- the upbringing of children, connected with 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, the education of preschool and primary school children 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 those that are repeated in a certain period (for example, once a month):

- utility bills;

- rent;

- repayment of loans;

- premium insurance;

- tuition payment;

- transportation costs.

Random expenses 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 compensations (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 thanks to effective planning can the family exist at a sufficient financial level.