Payday is a pleasant moment for all people, not even you. You certainly feel proud when your boss gives first salary. Or maybe you’ll be a satisfied smile when your hard work is printed in the form of nominal amazing savings account. But, wait a minute. Do you satisfied with spending it when it has received a salary.
Perhaps during your work, you are tempted to buy luxury goods previously inaccessible, such as the latest mobile phones, clothes dream, or a bite to eat at the restaurant. Believe me, that desire is only appearance. There are still many needs that you need to plan. Perhaps it seems abstract, but trust me. You need to set your salary before you use it.
There are various things you need to prepare. Here is a surefire tips to organize your future salary. Here reference.
1. Create a Priority
When received the salary, prioritize the things that you must meet. The first is a bill of everyday life, be it water bills, gas, electricity, internet, cable tv and the various needs of your everyday for a month. Make sure that no bill is missed. Furthermore, pay your debts. Believe that debt is an important thing for you to do.
Protracted debt you do not pay will make you feel uneasy. In addition, for the person you owed may feel upset and did not want to lend you money again. The most frightening is your relationship with the person can end badly. If you owe money to the bank, fill the date specified. Do not delay payment or you will only be subject to greater interest or it may be legal problems.
2. Set Spending
Expenditure becomes inevitable in your financial management. Take special care with expenses that you make. However, that does not mean you can not enjoy your salary. You still necessary and mandatory to enjoy life. Buy items that you need, but do not obey all your wishes. Make a budget of spending a maximum of 40%, inclusive of the expenses to pamper yourself and do not exceed it. Also, do not be tempted by the credit advertisements that often you meet.
It looks cheap and profitable. But believe that together with debt repayments that you need to pay off and it haunt you for months or even years. For that, you should buy goods in cash. How, by setting aside little by little your salary every month to buy the things you want. If the item you purchase has a high value, such as a car or a house, kreditlah the property with large advance.
3. Create Financial Reports
Note any income and expenses, including the amount of spending your food every day. Indeed sound trivial, but to get used to record the financial statements in detail, makes you appreciate every penny that you spend. For your convenience, save your shopping receipts neatly in a separate envelope along with a note that other expenses.
In addition, make management of the envelope containing the money you spend for a month. You must be precise and careful in using it. Budgets in the envelope is the maximum budget that you need to spend. Never touch the money in your account or withdraw money from an ATM.
It has become your duty to save. Saving money has many benefits, especially for building your future. You certainly do not want to work forever right? In the old days you definitely want the peace and enjoy the old days you do a lot of hobby or get together with family. Determine your target age group financially free. The bigger the money you save the faster your chances of financial freedom. For savings, the minimum you need to set aside 10% of your salary each month.
Make a separate savings account with the account that you normally use to transact everyday, either for shopping or leisure. Make sure you use your savings account wisely. If you’re the type of person who easily tempted to use the money, try to not activate ATM card service on your savings account. So access to retrieve the money will be difficult.
Also Read: 5 Reasons Why You Should Banget Saving
Nowadays, you need to increase your income by investing. It has been proven that investments can improve your financial well-being. For that, you can set aside approximately 30% of your salary for investment. If you think your salary is large, try to invest in shares or property. However, you also need to learn to manage and monitor. If your capital is limited, you can play investing in gold or deposits.
6. Create a Reserve Fund
What can I use the reserve fund? The reserve funds are useful for facilitating you when things happen unexpectedly or very urgent. One example when one of your family members are sick or have an accident. You can provide funds for treatment. Set your reserve fund of at least 10% of your salary.
7. Have Insurance
Insurance has become mandatory to provide. With insurance, you protect your financial circumstances. You will never know the events in the future, whether you experience sudden illness or accident. There are various types of insurance. The most important insurance to have is health insurance, homes, and vehicles. You’re lucky if your company is already protecting your insurance. For valuable property, be it a home or car insurance make sure you continue to keep it running. Do not let the insurance only applies when your credit alone. That way, if there is something you want, insurance can ensure your financial situation remained stable.
8. Set aside for Charity
If you are religious must have heard that the more you give, the more you receive. Similarly, when you put aside your money for charity. Use presentation of how much money you can set aside to give others, ie 2.5% of your salary per month. Perform every month on a regular basis. With charity, will automatically make you feel any sense of loss. Thus, you will be the one that is not too obsessed with money. In addition, the share was beautiful. You can help ease the burden of people in difficulty.
For charity, you can leave it to a charity that has been competent to manage earnings to charity. Or it could be, you trust the people closest to then be distributed to those in need, such as children orphaned or poor.