Any financial problems that arise may be because we repeat the same mistake in managing finances. The more entering the new age, mistakes in regulating finances should be avoided.
But, when we make this mistake sometimes we are also not aware of the action. As a result the problem continues to occur and we have not been able to find a solution.
To solve financial problems, of course we must find the root of the problem first. Find out why we often find it difficult to meet the needs of each month. It could be because we have not eliminated the extravagant nature in us. In addition, we also always say "later" for investment and savings. Here are six financial mistakes that should not be repeated in the next year.
1. Not Critical Savings
Actually, the saving function is not just for saving money. Savings can help realize the wishes and dreams of the future. But our consciousness to save is still very low. In fact, if the maximum savings, we can buy things we want such as homes, vehicles, vacationing abroad, married, and so forth.
Well, saving must also be accompanied by a clear purpose. Do not just want to save a lot of money. Determine what goals you want to achieve, both short and long term.
2. Not Creating a Financial Plan
Did you know that making a financial plan is the basic of the financial situation that must be done. As in the savings, there are short-term and long-term plans. To start the plan, we should make the mapping. Do not ever think that life is like running water, because to be able to realize the desire can not just wait for the passage of time. Do planning with detail, for example want to buy a new mountain bike.
If it should be obtained by saving, plan how much will be saved monthly to buy the bike.
3. There is a BPJS means it is safe
For those of you who work in the company, may be familiar enough with insurance BPJS employment. Some of them know that the funds that are budgeted for BPJS in each month will be a pension fund when it comes to retirement age later. But the benchmark pension fund should not only from BPJS alone. If you have a special retirement savings account, the funds can be added to your BPJS. If this is done regularly, the pension fund will get maximum. At least, after retirement, we are not too troublesome in financial terms.
4. No Insurance Required
Most people still feel afraid to have insurance. They feel the loss, if the money that has been collected for insurance instead of burning if the contract is over. Some also agree that insurance is no different from banks. In addition to the money given a lot of pieces, will also earn interest.
Know that insurance is not what you think. Insurance is precisely the protection against the various risks that occur in your life. The guarantee will be given to the insured, if only at any time you experience a disaster or an accident that makes a disability. The insured person is your family. Provide umbrella before it rains, that's the actual insurance function.
5. Continue to Owe
The mistake that also often occurs in finance is owed. More and more years, but the debt is getting bigger, of course this is not good. This mistake usually also happens because you dig a hole in the hole cover against the debt. If you do not have current debt, life will feel more comfortable.
But, despite having a debt, do not be afraid to consult with a financial expert in order to get a solution to immediately pay off debt.
6. No Emergency Fund
Emergency funds can actually represent some of the above financial problems. If only, most people consider emergency funding important, their future will be more secure.
The amount of emergency funds depends on the number of your current dependents. If you are still single prepare an emergency fund at least 3 times of expenditure per month. If you already have dependents, prepare up to 6x the amount of expenses.
Should the emergency fund collect to the maximum, we do not need insurance. But it takes persistence and commitment to continue to collect emergency funds. How to separate the emergency fund from mandatory savings and from monthly expenses. If necessary make a special savings emergency fund.
Identify Financial Errors Before It's Too Late
Instead, we begin to look for the root of the financial problem by identifying the error. If it does not start to improve right now, we will tend to repeat the error. Do not be late to know the financial mistakes because the effect will be less good for our future.
"Thanks you for reading*
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