When you get your first job, it is a new phase or chapter in life. This means that your needs and responsibilities will change, you can be said to become an adult. Especially when you receive your first salary, it will definitely be a happy moment.
But why do so many people already work but still complain about finances? Apart from the many needs, the main problem is not being able to manage finances well. So, for those of you who have just started working, immediately find out how to manage your income properly.
Don't let yourself experience financial difficulties when you are already working because you are unable to manage your income and expenses well. Especially if you have targets for the future, you must be able to manage your finances as best as possible.
Manage Your Income Appropriately
For those of you who are working for the first time and getting your first salary. You can feel happy, but try to pay attention to several important things that you should pay attention to below. Don't let your salary just disappear before the end of the month because it wasn't managed well.
- Don't be Crazy After Receiving your First Salary
Each person's salary is different, according to the work they do. But many people feel that their first salary is always the moment when they can actually have a large nominal amount of their own money.
However, don't build the mindset that your money is that much, because you must have careful consideration for your future needs. Don't immediately rush to hang out or shop, but think about other more important needs.
So instead of spending money straight away, try making a financial management plan for at least one month first. That way, you won't experience a financial crisis at the end of the month, and you can even put it aside because you don't immediately go on a spree. - Make a Financial Plan at the Beginning of the Month
After getting paid, the first step you have to take is to plan your finances for the next month. Therefore, make data on the expenses you have to pay for that month. Make a sequence starting from primary, secondary, to tertiary.
For example, primary or main costs are paying for electricity, water, house and vehicle taxes, or boarding house rental fees (if you still live in a boarding house), petrol, food money, and others. In essence, the main expenses you have to pay every month.
After that, make details of secondary expenses, for example to buy books, cosmetics, and others. Indeed, these items are necessary, but not the most important thing. And for tertiary needs, you can buy it if your finances are in a positive condition. - Make a Spending Target
Spending targets will make you more disciplined in using your own money. Without a spending limit, you might go crazy or go too far when using money. For example, make a daily, weekly or monthly spending target.
For example, the food target for one month is IDR 600,000, then think about ways you can save money and your food costs will not be more than that money limit for one month. Likewise with other needs, set targets as limits.
With this target, you will get used to using money wisely. Don't go crazy when you want to buy something, and use money according to your needs and requirements, not to fulfill endless desires or prestige. - Don't Carry a Lot of Cash
Get into the habit of not carrying large amounts of cash, because that will make you more wasteful. Therefore, carry enough cash in your wallet, and only provide it for daily or weekly target needs.
That way, you will avoid impulsive and unplanned purchases. Bring cash according to your needs, so there is no room for buying something you don't need. - Create a Limit or Account Limit
Not only with cash, because currently payment methods are often made online. So also create a limit or limit for using the balance in your account. For example, make a monthly limit, so that your expenses in one month cannot exceed that limit.
You can also manage expenses in the form of transfers, especially if you like shopping in online marketplaces, you will be very vulnerable and pay by transfer and spend a lot of money on things you don't need. - Create a Special Savings Account
Savings accounts should be distinguished from accounts used for daily needs. This savings account is used to store the money you save so that you have money saved for future needs.
If there is no savings, when there is a sudden need, you will be confused and have no money. Apart from saving, you can also start investing with little risk as a beginner. - Join Insurance Services
From the moment you start working and get your first salary, immediately join the insurance service to guarantee your finances in the future. You can make health insurance, if, work, vehicle, and others.
But also make sure that the insurance is indeed comfortable and brings benefits to you. You also have to understand how the insurance service works or system works.
Conclusion
If you have just started working, make sure you immediately learn about how to manage your finances. Don't let yourself lose because you can't manage your finances well and suffer in the future. Apart from saving, another way you can do this is by having insurance.
One aspect of insurance that you must understand is the policy. An insurance policy is a letter of agreement or contract between the participant and the insurance service provider. This agreement or contract contains the provisions of the insurance that you carry out.
One insurance that is trusted and guaranteed to be safe is insurance at BNI Life. To find out detailed information, you can visit this page https://www.bni-life.co.id/id/.
