DDHK. ORG – Managing finances is very important to do so you don't always feel boncos every time you get paid or when you receive money trade results.
The beginning of the year is the right time to implement healthy financial patterns so that money doesn't just pass through your account or wallet.
At the beginning of the year, it is important to change these bad habits by starting to do planning and management finances well.
Therefore, here are tips that can be applied quoted from the page Take Care of Your Money OJK. Here's to changing a bad habit for the better:
1. Discipline in Managing Money
Managing money is not a difficult thing, congratulations, you are always disciplined in managing it. If you have decided to save money, then make sure that the decision does not only last a week or is temporary, but can continue.
Apart from being disciplined in managing money, it is also important to be able to be disciplined in saving and investing in preparation for your future financial needs.
2. Record Expenses
If you want to manage your income well, then start recording expenses regularly. It can start by recording common expenses ranging from daily, weekly to monthly.
After recording the expenses, do a simple analysis of the expenses that have been made by grouping them into mandatory, non-mandatory and complementary expenses.
Do not let expenditures that are not mandatory or complementary actually have a larger portion of expenditure than the mandatory needs.
3. Prepare an Alternative Account
Having an alternative savings account can help you save money and manage your money better. This of course will have a positive effect on finances. If you have received a monthly salary, then immediately set aside the salary in the alternative savings account that you have provided.
4. Avoid Lifestyle Competition
Lifestyle is one of the things that greatly affects the financial condition. If you adopt a consumptive lifestyle in order to follow a competitive lifestyle, then this can certainly affect your financial condition because your expenses become more wasteful.
Therefore, they can make lifestyle adjustments while maintaining a simple, healthy and prosperous behavior. And stop being prestige and extravagant.
5. Avoid Debt
One of the habits that you need to apply in order to have a good financial condition is to avoid consumer debt. Even though various facilities in debt are now available, these facilities can become increasingly out of control from dependence on debt.
Therefore, create healthy finances for yourself by avoiding debt that is consumptive but directed to owe something productive, for example as business capital.
6. Fight Wasteful Habits
One of the bad habits in finance is having a wasteful habit. If you don't want to experience financial problems in the future, you must learn to prioritize so that the pattern of using money prioritizes meeting needs rather than wants.
Start saving or investing by allocating at least 20% of the income you earn because it will be useful for meeting financial goals in the future.
So, those are the habits that can be applied to manage finances at the beginning of the year.
Of course, to change habits that have not been good so far will require strong intentions and determination. [DDHK News]
