Managing finances in this day and age is a skill that you must have, because by managing your finances well you can feel the benefits, you can avoid debt, save money and achieve the financial goals you want. There are several ways you can try to manage your finances. Come on, check out the tips!
Using financial applications
There are several financial applications that can help you manage your finances, such as Money Lover, Spendee, or FinancialBooks. These apps will automatically record and analyze your expenses every month.
Set up an emergency fund
You must set aside an emergency fund every month, at least 3-6 times your monthly expenses. An emergency fund can be a lifesaver when you are in a pinch such as losing your job or having sudden medical expenses.
Invest
Investing is one way to stabilize your finances in the future, by starting to invest such as planting stocks, mutual funds or gold. Investing also helps you so that your money can grow and fight inflation if the value of the currency is declining
Avoid a consumptive lifestyle
Nowadays, many people are more concerned with social status that does not match their income, want to look rich on social media and end up trapped in a consumptive life. Stay focused on long-term goals such as buying a house, land, or investing in gold
Needs and Desires
Many are still confused about distinguishing between needs and desires, sometimes what we want is really our needs but must be considered again and make sure we don’t get carried away because our desires are greater than our needs and in the end we only buy things that are not too important.
These tips can be a reminder for you to stay on financial goals, because managing finances is not a difficult thing if it is based on the ability and desire of yourself in order to live more calmly financially na avoid wasteful habits is the key to financial success is discipline.
