Whether you work full-time, invest a large part of your savings, like a large part of Dutch households, or actively invest in cryptocurrency: it is important and pleasant to keep a good overview of your financial affairs. This way you keep your finances healthy and you can continue to invest and invest with a good feeling.
With handy tools for your financial affairs, such as an administration tool like WeFact, you have more control over what comes in and what goes out. In this article you can read more about how to properly arrange your financial affairs.
1. Ensure clear administration
To get straight to the point: always ensure clear administration, regardless of whether you spend a lot of time with money or not. It does not matter whether you invest as a private individual or as an entrepreneur; in both cases it is necessary to have clear accounting. You can immediately see what comes in and what you spend. This also applies to entrepreneurs or employed people.
There are several tips for keeping track of your administration. Do you still have (partially) paper administration? In that case, use folders and cupboards to keep everything safe. In addition, take care of your digital administration by creating digital folders and using a good tool such as the WeFact administration tool. With such programs you have access to your accounting wherever you are.
2. Actively update your administration every week
Keeping your administration is a good basis for your overall finances. It is advisable to pay attention to your administration every week. Check whether you have paid all the bills, what you can invest that week in cryptocurrency or something else from money you may have left and whether important digital mail is waiting for you, for example from the government or your work.
What is recommended here is to have a clear overview of your monthly expenses and income. This is where a handy administration program comes in handy, so that you know exactly what you have in terms of money every month. With this information you can always ensure that you have sufficient money in your account and prevent an automatic transfer from failing.
3. Having a buffer provides security
Another aspect that has to do with arranging your financial affairs properly is having a buffer. If you regularly invest money in shares or Bitcoin, for example, you know better than anyone how important it is to have a buffer. Such investments are quite volatile, which means that you can never be sure whether you will lose your investment. If that is the case, it is wise to always have a buffer.
This certainly applies to arranging your financial affairs: if possible, try to save money so that you have a pot ‘just in case’. There is a good chance that you will have to deal with unexpected costs at some point. Think of costs for your car that breaks down or costs for a vet visit with your dog or cat. You better be well prepared with a healthy bank account.
4. Write down the end date of insurance and subscriptions
Nowadays, the average Dutch person has a subscription or contract in various places. Just think of the contract for your smartphone or the extra insurance you took out for your car or house. Add to this the fact that daily life has become considerably more expensive in recent years and you are faced with many monthly costs.
To have a better insight into your financial affairs and to save some money here and there, it is advisable to write down the end date of all insurance policies, contracts and subscriptions. If the end date comes into view, you decide at that time what you will do with the insurance or the contract. Cancel or continue? This means you at least know where your money is going.
5. Be smart about investing your money or start saving
Finally, it is advisable to actively invest in your financial future. That is, do you have any money left over at the end of the month using your financial statement? In that case, saving or investing is a very good idea to hopefully make your financial affairs even healthier. This way you build up money for later or perhaps for a good cause such as a house, a car or a holiday.
Of course, it is important to save or invest in a way that suits your financial situation. Not sure where to start? On our site you will find a lot of information about the different rates, such as the crypto rate, and via the internet you will find plenty of content about starting to invest.