Tips for Managing Finances When Pandemic: Set aside Income, Not Leave

JAKARTA, KOMPAS.com – Founder of the Young Investors Community, Jason Gozali, give tips manage finances well during the Covid-19 pandemic.

Jason said, what had to be done first was set aside half of income, not just leaving income. Put aside income means allocating a certain amount from the beginning of receiving income.

“As wise people we don’t save money but put money aside,” Jason said at Graha BNPB, East Jakarta, Sunday (6/28/2020).

According to Jason, some people are not smart set their finances. The income is almost spent in the first two weeks, while the next two weeks they will have difficulty surviving.

Also read: Investment Tips When Corona, Don’t Play Short-Term

Therefore, Jason recommends that everyone manage their finances from the beginning of receiving income.

“For example 50 percent for our needs, 10 percent for insurance, 20 percent for investment. That is for example. We make allowances at the beginning of the month but not at the end of the month,” he said.

To be wiser in managing income, a person is advised to calculate the value of the needs that he wants to achieve in the future.

Jason said, in general, someone is lazy to manage finances if he has no goals. Therefore, a person must ensure the goals and values ​​of the goals he wants to achieve in order to discipline financial management.

“Usually we will be lazy set finance if we don’t have the goals. For example I want to get married in five years, I want to school my child is 10 years old again. If we have a dream we have goals (goal), we must count, “he said.

Jason acknowledged, the amount of money set aside by each person could not be beaten evenly. Because, it depends on the amount of income and needs of a person.

Some can survive by using 40 percent of income, others have to spend 70 percent of income.

However, Jason suggested that at least someone set aside 20 percent of their income to save or even invest.

Also read: See 3 Gold Investment Tips for Millennials

“Investment aims to increase our wealth saving The return is only 5 to 6 percent, our wealth nope add, just awake. If you want to be rich, we look for more aggressive, investment, “he said.

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