What is child free?
child free is a decision by a person or couple who are married not to have offspring, aka not to have children. child free considered a Western culture that began to invade Indonesia. Despite the pros and cons, from a population perspective, the government says the majority of the population still wants to have children. The government also hopes that Indonesia’s population growth will not bottom out.
isu childfree This is increasingly being discussed by Internet users. Some netizens say childfree it will be more prioritize us, especially in terms of finances due to the lack of spending. However, there are still many netizens who say that despite having children and living much happier lives, household finances are still secure. The method How? So, back to each other! There are also many tips for managing household finances. NO Don’t worry, that’s why you need to manage your finances and easy ways, try it!
Why is managing household finances important?
As an expectant parent or new parent, the presence of children certainly adds to the cost. From hospital costs during pregnancy and childbirth, to children’s nutritional needs, to clothing and other equipment. However, if we are good with finances from an early age, it will make household finances easier in the future.
The main reason managing household finances is important is to protect our families from financial risk. Away from these risks, of course, it will lead to a safer and more comfortable life. Not only for the present life, but also for the future of the family.
10 surefire ways to manage finances
10 surefire ways to manage finances to keep the family safe, comfortable, and more profitable. Come on, come on!
1. Create a monthly budget plan
Start by setting a budget or monthly budget for your household. Also make a list financial statements Information on income and monthly expenses. Stick to the budget! Next question: What should be reduced? Limit what? Here’s how!
-
Distinguish needs from wants
Need These include basic things that cannot be removed from life, while desires are additional things that are not really necessary but can be the spices of life. It is important that we distinguish between these needs and wants before setting a budget so that we can prioritize all needs over wants. Eits, but that doesn’t mean you can’t enjoy life and refuse all desires! Of course, we also need entertainment and wishes that can also be important, such as mobile phone and internet costs. The key here is to prioritize needs, but also make time for needs when our income allows.
-
Expenditures must be saved!
Aside from reducing spending on just needs, you can also reduce spending by reducing the cost of needs! For example, food is a necessity, but it can be reduced by cooking your own food. When you do the math, the cost of cooking at home and the cost of eating out at restaurants out there can be far in comparison, you know.
Also read: Understand the importance of frugal living and ways
Apart from the reduction limit spendingyou can also increase your income with a part-time job! Some ideas that could be done are investing with stocks or taking freelance jobs (self-employed) to increase income.
-
Separate budget specifications from the start!
After creating a budget list, immediately separate funds for each allocation by primary needs. This prevents money from being used for things that are not a priority.
2. Establishing financial priorities and goals
Every family must have priorities and financial goals to achieve. Knowing this, the allocation of household funds will become more regular. It’s also a reminder that your household’s financial priorities and goals must come first.
3. Manage installments and bills wisely
In fact, it would be better not to owe. But when circumstances dictate, such as house rate, cars, motorcycles, mobile phones or other bills such as credit cards, electricity and water, which are among the basic needs. Nevertheless, installment payments and invoices can also be agreed You know! The following is a summary of the easy way.
Also read: 20 100 million car recommendations
-
Make sure the monthly installments are under 30% of our monthly salary
If you’re paying off a house, vehicle, or other item, make sure you don’t spend more than 30% of your salary. Maybe you can also look for installment payments with cheaper offers with longer-term risks or pay off your needs piece by piece. By strategically managing your installments and diligently researching the best deals, you can set aside more money each month for the needs of your kids and household.
-
Limit the use of credit cards
Credit card can be very addicting and one of the reasons bills are soaring. Try to get used to using cash (Cash), debit cardor maybe electronic money who gives often money back! However, that doesn’t mean you don’t have to have a credit card, as credit cards often offer attractive discounts and/or promotions that can reduce our spending.
4. Always bring monthly shopping notes with you
Especially for mothers NIHattempt er if you shop monthly, bring the monthly expenses with you. Why? Plus, it will help moms remember what to buy, guaranteed NO There will be a name Nombok because you buy the original NO necessary very!
5. Use the 50-30-20 method
This method looks familiar to me. Still don’t know? If you are still struggling with how to distribute your salary and how much, you can use this 50-30-20 method. 50% for your basic needs, 30% for wish fulfillment and another 20% for savings.
6. Begin saving
In addition to satisfying the current needs of life, especially that of children, parents should also think far ahead about their future. Start investing funds in savings accounts. The thing that may need to be focused on financially first is the cost of educating the children, which is increasing every year. So that your saving fails, try to follow the following saving tips!
-
Create a budget or an education budget
Find out more about the current tuition fees. Estimate the possible increase in the cost of education by averaging the increase over previous years. Then start calculating what the estimated cost of educating the children will be in the year they reach school age. If possible, carry out these steps for all levels of education, starting with kindergarten, elementary school, junior high school, high school and also college.
-
Create a separate savings account with a daily account
Separate savings accounts from day accounts. Why? While combining them will add to the balance in the account, this will subconsciously encourage you to keep spending. It could be the wrong mindset “there’s money left in the account” because you saw the large face value earlier. In fact, savings funds are for the future.
-
The nominal percentage saved must be smart
Once you have established your monthly budget plan and household financial goals, ideally set aside about 10-15% for savings. If income increases, the nominal share of savings should also increase.
The important thing is to do it consistently! Make sure there are no other activities on the account besides saving!
Also read: Stop the wrong kind of saving
7. Deposit
You’re welcome Save money in the bank, but deposits are more of a simple form of investment by banks that promise fixed interest rates for a set period of time. With this fixed deposit, the money cannot be withdrawn before a certain time has elapsed, but the interest rate offered is higher than other banking products.
8. Investment
idea investment including stocks (if you understand), mutual funds or even buying dollar bill And it is not (what he said see rating continues to rise). In short, investing is investing in money or other valuable assets to make a profit. Note, however, that these methods take time to withdraw, especially for stocks and mutual funds.
9. Set up an emergency fund
Earlier we already know approximately savings tips That’s right, this emergency fund can of course be your savior! For example, if (God forbid see!) If you have an accident, natural disaster, recession or economic crisis, or even get laid off, an emergency fund can be your financial first aid. Open an additional savings account so you can set aside about 5% of your salary (or more) for that emergency fund. There are many things in life that we may not be able to predict. as people say Always expect the unexpected (Always expect the unexpected). Therefore it is important for us to provide umbrellas before it rains. So which umbrella should we prepare?
10. Buy insurance
Insurance has become a basic requirement in times like today, when competition has become very fierce and our finances falter more and more easily. Especially for those of you who are struggling to keep and save your own money, insurance is the solution. If you choose to register, your income allocation will be more regular. As if that weren’t enough, insurance has other advantages, namely the sum insured you can get from the insurance is higher than the accumulation of your own emergency fund.
These are 10 surefire ways to manage income, our future will feel safe, comfortable and more profitable! In addition, today’s insurance policies are much more affordable, with premium prices starting at just Rp. 28,500 per month, you can already feel that insurance benefits to protect yourself and your family! Let’s check in fully Here!
