Ladies! Are any of you live in a dorm or do you live alone? Is it because of education or work or do you want to live alone for certain purposes, for example? If so, you may experience a difficult and confusing situation in managing and managing incoming and outgoing finances every month. Fitie wants to give tips and special ways to help manage and manage children in the home!
Take detailed and thorough notes of your needs
Your needs can be varied. There are shopping needs for food, skincare and medicine, electricity, transportation, credit, cosmetics, and other necessities that must be met. After documenting it in detail, make sure not to forget something because this expense is mandatory. After being carefully noted, you need to add up all the total needs to be spent and first separate them from the money you have (pockets, salaries, etc.). Tips for managing needs well is to match expenses with income. So you have to choose and choose again, ladies. Either because you really "need it" or because you "want it". Do not forget to write down the needs for a certain period. It is recommended to record your needs for at least a month.
Apply Priority Cost
After setting aside mandatory needs, it is equally important to set aside savings in the beginning. For reference, you can use the 50/20/30 system. That is by setting aside 50% of your money for needs, 20% for savings, and 30% for personal things or other needs. You can also look for money-sharing references that are more suited to your goals or lifestyle. Even better if your needs don't hit the 50% mark. Of course, you are free to put the extra money in any slot. But it's a good idea to put the rest in your savings as an emergency fund.
Then for other personal needs such as entertainment, giving to your parents, snacks, hobbies, and others, you also need to budget. Give yourself a limit so as not to exceed the budget you set. This will make you get used to your financial management discipline, ladies!
Shopping in one go every month
After you know the list of needs and separate the budget for each need, all you need to do is spend monthly. Remember the need for a MONTH. So, you need to calculate and make a careful and thorough list of your needs in a month so that you only have to shop once. Consciously or not, doing shopping multiple times in a row will waste your money because we will feel the need to buy this and that which may not be necessary.
For other tips, you can save money such as washing your clothes yourself so you don't have to pay for laundry, switching to cheaper public transport or bringing your car such as a motorcycle or bicycle to reduce transport costs, finding a data package, or installing WiFi that works best for your budget., cook yourself so you don't have to buy out often, and so on. Most importantly, be disciplined with your financial planning, ladies!