The importance of managing finances for the future
there are many ways to manage finances towards a bright financial future one of the simplest ways is to save, if we are faced with a choice between buying branded goods or saving and we choose to save, it is certain that it will have a positive impact on future finances, we never know what will happen in the future lest there is an emergency that forces us to go into debt, if we are in debt with a large flower at least we already have enough reserve funds
from the money we save kemudain can be developed to be invested in financial instruments that provide rapid growth in a long time, by building a strong mental and reduce the possibility of debt
Financial planning
managing finances is not something that especially those of us who are teenagers with psychological conditions that are still unstable here we will discuss several strategies for financial planning
Avoid bad habits one bad habit that is often done is to waste our money as young people are often tempted to spend their salaries especially with social media that makes it easier for producers to reach the target market of young people who are just earning.
when you get used to this kind of wasteful, of course, you lose the ability to drink
Record monthly income and expenses
the majority of people do not want to make detailed receipts and expenditures, this is considered troublesome and not important, but actually this is a good thing to know the direction of Finance, Young recording by utilizing small notes or can use the application platform from playstore to record our finances
Consistent
financial management requires regularity, with this we can be more careful in making decisions to maintain financial stability by avoiding loans that are consumptive and free from debt circles
Create A Budget Plan
there are many budget sharing models such as 50/30/20 or 40/30/20/10. pambagian is divided into 4 pos pos the first is the basic needs of 40 percent of revenue, 30 to be saved, 20 to pay debt installments and the remaining 10 percent for zakat or alms, with the distribution of the budget at the beginning of the month we can set aside money as per peruntukanya
Distinguish between needs and desires
the next step in managing finances is to divide between wants and needs. one of the characteristics of the need is this baranag if delayed will result in a vital thing, in contrast to the desire if delayed will not affect our vital needs
Example Kebutuan makan manuasia need to eat protein we can meet our protein needs with tempeh or tofu sehaga 5,000, we do not have to consume animal protein such as chicken at a price of 30,000 per per 500 grams, here it can be concluded the need to have a characteristic cost that is needed a little Yatu seniilai 5,000, while the
set aside funds for education, retirement is also the future
another solution to make us more eager to save by realizing how much money is needed for the education of children who are increasingly high, not to mention when we have reached an age that is no longer productive the body can no longer work we need a pension fund, all this aims to prevent our children and grandchildren avoid the sandwicth generation
avoiding unnecessary debt
most people have an impulsive nature when shopping, sometimes when we push ourselves to look for reasons to normalize desire, sometimes one thing falls into the category of desire but because we are looking for reasons for it to become a necessity, it is important for us to keep our lifestyle simple