I copy this from MSN web. I think it might be useful to you.
"How many times have you told yourself you'll sort your finances out … tomorrow? Well, tomorrow is now. Procrastination is an insidious problem and it's costing you cold hard cash! Allison Tait shows you how to break the 'tomorrow' cycle and get your money working today. If I had a dollar for every time I've heard someone say 'I must start saving' or 'I must stop spending', well, let's just say I wouldn't be slaving over a hot keyboard for a living. Procrastination, or putting things off, is not just an annoying habit, it's a big problem when it comes to your finances. Every day that you don't get your savings plan organised, or your credit card under control, or your super sorted out costs you money. Now, the art of avoidance is a hard habit to break, but it can be done.
Firstly, are you guilty of procrastination?
"Procrastination is avoiding things that need to be done," says Robert Wickenden, a counsellor at Macquarie University who runs workshops on the subject. "It has been called 'the act of needlessly delaying tasks to the point of experiencing subjective discomfort' [Solomon and Rothblum, 1984]. Procrastination always comes at a cost to us." Now there's no doubt that we've all at some point 'put off until tomorrow' what we probably could have had done in five minutes today, but if you're making a habit of it when it comes to your money then it's time to take stock.
I know I do it, how do I stop myself?
Robert has a six-point plan for beating procrastination.
Acknowledge there's a problem.
Work out why you're doing it? Are you confused about what you need to do? Afraid you'll mess it up? Do you think this is one area of your life where you're sadly lacking?
Make a commitment to change, to making a start. It's very important that you make a definite decision to change. Remember, you're not doing it for anyone else, you're doing it for yourself, says Robert. See change as your personal responsibility and one that will bring you personal benefits.
Modify the way you think. So you think that money stuff is boring, or too hard, or better sorted out by someone smarter than you? Change the way you think. Sorting out your finances will make life easier. Start small, perhaps trawl the internet for a high interest account for your savings and break it down to one step at a time.
Clearly spell out your strategies for change. Get out your diary and make a contract with yourself. State your intentions, work out a plan to enact your intentions, be specific. For example, if your credit card debt is a big problem, create a strategy to make it smaller. Diarise a date and time to call the bank and discuss a payment plan. Put in details of when you'll cut up the card if necessary. Put a note on each payday with an amount to pay off. Be realistic about what you can manage, and assess your plan regularly.
Once you've made a start, focus on maintaining progress. Give yourself credit for any progress you made (no, not by heading out to spend up big!). Make a weekly date with yourself to take a financial check-up and deal with any bills or tasks immediately.
Talk is good, but I need a plan of action.No matter what your particular area of financial procrastination, here's an action plan to help.
"I need to start saving."
Open a high-interest internet account linked to your everyday account.
Arrange a direct payment from your wage or salary to your new account. Be realistic and remember that every little bit helps. If even this seems too difficult, get yourself a piggy bank and start emptying your shrapnel into it. Instant savings. "I need to do something about my credit card debt."
Freeze your credit card (literally, in the freezer) or cut it up. It's hard to reduce the debt when the temptation to spend is constantly in your wallet.
Make payments a priority. Work out how much you can afford to throw at your card weekly and do it. Remember, paying the minimum amount each month will not pay off the debt.
If you're seriously over your head, don't hide from the lender. Contact them for help in organising a manageable payment plan.
"I need to sort out my super."
Find out how many superannuation accounts you actually have. There are several websites that will tell you in minutes whether you have any unclaimed or lost super accounts. Try www.unclaimedsuper.com.au, www.findmysuper.com.au or www.ato.gov.au.
Decide which fund you wish to stay with, and roll all your accounts into this one. Having accounts all over the place is not the best way to maximise compound interest — it's costing you cash! When choosing your fund, don't forget to look at fees and charges, as well as returns. Rolling your accounts over is simple and will usually be managed by the fund you choose.
"I think I'm paying too much interest on my mortgage."
Contact a mortgage broker — visit www.asic.gov.au/fido for straightforward advice on how to choose one.
Take a look at the loans on offer and decide if there are new features you would like to use to your advantage, as well as interest rates on offer.
Do some maths and work out whether the cost of changing mortgages will outweigh the benefits.
Obviously these are not entire financial solutions, but they offer a few simple steps to get you started. And isn't that all most of us need, just to get started!
From http://money.ninemsn.com.au/article
Loan program is becoming one big area of operation in the KSA. This is why we will be doing things differently this year. we will be looking closly to how best the loan program should be manage. the attachment is a step in that direction.
Ajak
There is always something new in the KSA Ausrtralia. Atem Dau had sent me some 100 pens last week with KSA names on them. I have sold about 20 pens for $3 each. I helieve that I will be able to sale the whol lot after the 25 december 2006.Ajak Ajang
I visited Adeliade sometimes in 2004 with mr Atem Dau for memory. The main reason for our visit was to do some work for the KSA. I was invited for lunch by Mr Ajangduek and Ajieth Atem. I sort of forgot where Atem was. On our way to the city, we were talking about why it was such a good Idea to support the KSA in all the ways possible. Ajang said and I quote " some people might think that they are capable of supporting their immediate relatives in Africa educationally and see the KSA as a total wast of time;yes we can do that no problem, but what about those who do not have any one here in the western countries" He continoued to say that if we put our hands together, my brothers,nephews, aunts or cousin together with yours plus all the other orphans and many other less fortunate children will benefit. he said.Is that not a good thing? he asked. Now I should extend the question to you, is that not a good thing ladies and gentle man? Believe it or not I was energised and wanted to work overtime to make sure that what we do increased and maintained, not thrown away. I felt then as working with people who fully understand the deeper meaning of all that we dream to achieve in the next few years for our people.I guest Ajangduek did realised too that I understand why we do what we do and that was may be why he decided to share with me.I felt honoured by them in a big way. I think the brothers took me for lunch as an appreciation for what I believe was a thomb up for the KSA. We went to a Chiness shop where the two men ordered three plate of rice and some sphagetti for memory. I chose my plate of course, but was ask not to worry about the cost. the usual Sudanese way. I got a bottle of coke too from the percentage.As we were enoying our lunch,we started talking about the conferece in Melbourne, I forget who started it. I raised with Ajang and Ajieth that having a drum will make a huge difference. Ajangduek simply said " leave it with us" Ok, please try that,I said. We spoke about organising some children for drama too. Ajang said "leave that with us too, it was what I was known for when I was in Kakuma"I got a call from Ajangduek sometimes in october 2004 to recieve some news that the Drum was a done deal. That drum was later name Kongor at the conference in Melbourne. The main reason Ajang called me was to tell me that four of them had paid $460 for the drum to be made and would want a refund from the treasury. Yes of course I will refund you I said. After some weeks I got a call again from Ajang that said " don't worry mate, we will split the cost among ourselves. For two years we have enjoy using Kongor for our intertainment. Say for example these two people were not Kongor or were kongor, but not in Australia or In Australia, but not motivated to assist KSA, do you think Kongor would have came to existence?I guest two thing might have happened' either some one else would have done it or we would have not enjoyed our Melbourne and Sydney traditional dance. The point I want to make here is that some one or some people had to act for Kongor to come to existence. They were not chairmans, secetaries, treasures or presidents, but they were just people. Kongor people for that matter. Why do I write this story? I am writting because we are now more than $460 richer because some one or some people were ready to act positively for our success. I can not put a value on the convinient that having Kongor with us has created. We need people who act. I will continoue with the story when I have time. We have the capacity to build our capacity to to change our world.
I had a discussion with a good number of people in the national committee and it seem that all of them feel
strongly about practicing the concept of self reliance in regard to all that we do in the KSA.
On our way to Melbourne from Adeliade in 2003 just after our first conference, Yout Ajang mentioned that what
we do and intending to be doing is self development of our members, which in turn will empower the community.
I thought he nails it right then. I believe considering ourselves resources first is number one priority.
The KSA contribution for this year has not started yet. can you believe that?.
If you don't pay then, we are out of business. Do you want all that we do and are planning to do come to a complete stop because you can not pay your contribution in monetary and in kind?
We have faile the treasury. However, it is not too late you can decide to pay in the next two weeks.
Please act. talk to people, let us moblise ourselves.
Ajak Ajang
1. Airfare-Loan Policy.
Due to our cash flow problem, KSA money is available to Kongor or Kongor related persons. And KSA will give not more than 25% of the full airfare loan for families. Loan for Single person is negotiable.
The proposer has to contact the airfare loan committee with a request for the airfare loan. The Head of the airfare loan committee will consult with his/her team and the census they reach will be brought to the management committee to vote on. The whole process need to be completed with in two weeks from the day, the proposer place his/her request. This team is considered part of the KSA treasury.
The proposer has to sign a contract with the KSA treasury agreeing to the term and condition spell out in this policy. The proposer is responsible for the payback of the KSA money and its 15% simple interest to be paid strictly with in 3 month, for loan below $2000.and 6 month for loan above $2000 and below $3500. The proposer has to arrange automatic fortnightly payment to be made by the new arrival.
A proposer must be a paying member of the KSA. He/she has to pay his or her annual contribution before applying for assistance.
The Airfare loan committee has to make sure that the loan is paid as agreed.
The KSA treasury is allowed to invest the money at the discretion of the treasurer in consultation with the management committee.
KSA money is available only to members that help the KSA course by paying their money and supporting KSA projects in other ways.
The treasury has to ask the members to help proposers through the KSA by lending their money to the treasury to help in paying for their proposed person (s). This will be paid back whenever it is asked after three month.
The KSA treasury has to keep a ratio of 1:1 for its debt. That mean having a dollar in the bank for every dollar that the KSA owed.
2. Annual contribution:
Every Kongor and the KSA members have to pay annual contribution every year.
$220 per a year for working Kongor and KSA members
$150 per a year for non-working members who have an income of $300 and over a fortnight.
Those who have income more than $150 and less than $300 a fortnight have to pay $80 per year.
Others have to pay anything between $20 and $80 per year.
The states treasury have to make sure that annual contribution is paid on monthly basis.
The treasurer and all the girls in every state will help in the campaign for raising the annual contribution.
The sectary for the KSA treasury will keep the records for all the financial transaction. He or she will always work together with the KSA treasurer in producing reports like quarterly report and any other report as requested by the management committee and the chairman.
KSA annual contribution is accumulative. For example, if you have not paid in the previous year, you will be expected to pay double contribution this year.
3.Fundraising activities.
3.1. The KSA treasury has to run at less one fundraising activity a
year beside the conference’s party.
The task of the treasurer and the management committee is to look for grant money for projects.
The treasury has to organise sale of different items during the conference as a fundraising activity.
4. Cash handling.
4.1 The cash has to be handled by at less two people.
4.2 Cash record need to be kept by at less two people