A month’s salary just hitchhiked past. Nearly half the salary was used up to pay debts.
If two ‘phenomenon’ is often recur mean something is wrong with how to manage our finances. One of the things that makes our finances chaotic is our own habits.
We are not accustomed to discipline in managing finances and cannot distinguish between lust and needs. But calm down, it’s never too late. If you really want to improve your financial condition, now is the time.
Well, some of the habits of managing your personal finances must be implemented so that the salary is not just hitching a ride. Try to see!
1. Track income and expenses
Often we do not care about our expenses. Where do our monthly salaries go? Tracking income and expenses can be done by making simple bookkeeping. If you don’t want to bother, you can use the financial control application on your smartphone.
2. Giving a gift
Wedding invitations from relatives or friends can come repeatedly in a month. Donating money is legitimate, but you must keep in mind: do not let the money burst because of the frequency of donations.
3. Check the bill
Accustomed to checking bills is important. The receipt goes to the most important credit card bills. This is important so that we don’t find stealth costs there.
4. Take advantage of the internet
It’s not an age to queue at the bank for transfers. Take advantage of e-banking.
Especially if we want to compare and propose banking products such as unsecured loans (KTA), motorcycle ownership credit, credit cards, etc. With the internet you don’t need to go around the bank just to find information.
5. Saving, saving, saving
Saving habits do need to be fostered early on. But it’s never too late for those of you who aren’t used to it.
Start setting aside a small portion of your salary. This is important for reserve funds or future funds.
6. Take advantage of credit cards
Who says credit cards are demon cards? If used wisely, credit cards make life easier.
Monthly shopping and buying tickets will be easier. Not infrequently credit cards that offer promos, point rewards and cash back.
[Read: Additional Credit Cards Are Sustained, but Could Be Disaster]
7. Always make an expenditure post
After payday always make expense posts. This list of expenses must be obeyed so as not to be distracted towards the end of the month.
8. Avoid unnecessary costs
Often late paying bills and being fined, using the services of brokers, breaking traffic that ends in traffic. These unnecessary costs are often underestimated because we feel our salary is decent. If you are not disciplined in such a trivial matter like this, how can you manage your finances wisely?
9. Always compare
Be sure to always compare prices when buying goods. Whether it’s electronic goods, smartphones or plane tickets. There’s no reason to be lazy, there’s already internet technology, right?
10. Always take care
Being used to caring is good. Not only items that must be cared for are durable, taking care of yourself is also important.
Pain is expensive. Better to prevent than cure.
Lust and desire can arise at any time. Especially if I go to the mall again.
Seeing a big discount board, my chest was jumping. It’s hard to hold back, but instead of starving at the end of the month, it’s better to endure unnecessary shopping.
Remember, discounts can occur at any time. So just be patient.
12. Always set the targets
There is a principle in life ‘let it flow’. This principle is not wrong.
But setting targets in life will be much better. For example, at the age of 30 you must have a house. 35 years old must have their own business.
Self evaluation. Don’t wait for the end of the year for evaluation. Evaluating mistakes and doing things is a good habit. With evaluation we can learn not to fall into the same hole.
Anticipating events that have not yet happened must be done. For example, preparing a reserve fund to anticipate unexpected events.
15. Think long
Think long and ahead. Investing your funds is an example of long thinking. That is, by investing you are preparing your future.