Saving is a basic thing that parents often teach their children. The hope is that your future life will be better with small changes from yourself. Save the rich base is an old adage that will remain current and relevant forever. That is, to be successful and rich, you must be frugal, not wasteful, and wisely use money.
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| Tips to set aside money |
In fact, saving is not as easy as it seems. Along with increasing age, the level of human needs will certainly increase as well. It is undeniable that saving will be the last thing to think about after all needs are met.
What's more, for those of you who are still first jobbers or fresh graduates, they tend to have the same problem, which is finding it difficult to save.
Salaries are still small and needs are increasing, always being the main reason for delaying saving activities.
Supposedly, saving is one of your priorities because savings can be used as a handle for emergency funds, capital to buy assets, and life in old age. First jobber is the most appropriate time to save, because you don't have many dependents as daily and monthly mandatory expenses.
With this condition, the money you save should be more than your daily expenses.
Without realizing it, the problem of saving is not a small income, but the wrong mindset when forming habits in the beginning. Before starting to save, there are several parts and mindsets that need to be improved.
Savings Constraints
Knowing your constraints in setting aside money as savings will help reduce the risk of failing to save. What are they?
Not Prioritizing
The future is something that must be prioritized because it is full of uncertainty. If you want a bright future in financial rights, saving should be a priority.
Priority is making something come first. So, before your salary is used for other things, use it first to save. Then the rest is used to meet daily needs.
Misunderstanding the Concept of Allocation
Maybe you still think that saving money is a salary that is still left over after being used to meet needs. Many people think that allocating is the same as leaving, even though the two are very different things.
What if your salary or income has been used up for daily needs? Of course in these conditions you will never be able to save.
Instead, you have to do the opposite, which is to allocate income for savings first. Determine the nominal amount of your savings each month, so that when the salary is received, the first thing to do is allocate savings.
No Saving Goals
It's like traveling, in life you should always have a goal, including saving. Goals will make your strategy clearer.
For example, your goal of saving is to prepare an emergency fund, so you need to decide how much budget should be allocated each month.
Then, choose the type of savings that best suits your condition, for example according to age, status, or income.
Consumptive Lifestyle
Consumptive nature is closely related to a person's failure to save. An example of consumptive nature is too much in shopping.
If there is no self-control to restrain the consumptive nature, then you will never be able to save. The salary that goes into the account will always run out to fulfill the desires and desires in shopping.
Feeling that if you don't buy an item then you will miss the trend is a big wrong mindset. If consumerism is still inherent, how can you start saving?
Saving Tips For Beginners
It's never too late to save, although it means that the more you delay saving, the bigger the amount that must be allocated.
In order to be diligent in saving and make this habit a part of your lifestyle, consistency is the key word. For those of you who are just starting to save, use the following tips to be successful and consistent in setting aside money:
Create Auto
Creating a savings auto-debit system from a salary account every month is a surefire way to get used to saving. After making a nominal budget allocation for saving, autodebit will help you make automatic savings without any reason to forget.
For example, on the 25th you receive your monthly salary. Make a savings auto debit on the same day, or a maximum of one day after payday to avoid the risk of the balance being used for other needs. Without realizing it, this habit will help you to be consistent in saving.
Set aside, not spare
As explained above, the concepts of setting aside and leaving are two very different things. When making a financial budget, set aside at least 10% of your salary to save. After that, you can use the rest to meet your daily needs.
A minimum portion of 10% of salary is absolute and cannot be disturbed. If there is an urgent need, what should get adjusted is your daily expenses, not the portion of savings. And if there is an increase in salary or bonus, the portion of savings also adjusts to increase.
Set Target
Starting to save by making money is a small step that forces you to put money aside. For example, setting an emergency fund target of 10 million in one year. That way you can make a monthly savings projection of at least 830 rupiah.
Likewise, for example, you have a target cost of getting married, want to buy a house, and so on. Targets help increase your enthusiasm for saving.
Believe that consistency will help achieve the target. And always remember that your life is constantly evolving and your income will increase every year.
Create a Separate Account
In order for your savings to be more secure and uninterrupted, savings money should have its own account. Try not to mix between a savings account and a daily expense account.
Having a separate account aims to secure savings funds without worrying about being eroded by unexpected expenses.
Especially for savings accounts, you can choose to limit the transaction facilities. For example, do not use an ATM card or can not be taken within a certain period of time. Be sure to use an account type that suits your financial goals.
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