Having a fixed salary every month can sometimes be crazy. We tend to be consumptive, for example, more and more things we want to buy.
It's perfectly fine to use the money you earned from your hard work to please yourself. It's just that, if you don't brake, you can risk going bankrupt, you know!
Well, you may see that there are friends who are fellow employees but can still be calm even though they are old. Not only that, you can also hear stories from around people in retirement who are enjoying an affluent life or vice versa, living a miserable life, even though when they were young they both worked hard.
Although many influence this, the following habits can lead you to potentially become rich and vice versa. Check, come on!
1. Manage Salary and Record Expenses
According to financial planners, regardless of the amount of salary, it should be managed as wisely as possible. The goal is to live enough now and in the future. Namely we need to divide it into several parts.
For example 50% for rent, food, utilities; 20% to save for retirement and 30% to be used for other purposes. However, the magnitude of this calculation is only an example. You can adjust it again yourself according to conditions.
That way, of course, you can still snack and fulfill your style of must-buy items, it's just that there is a 'brake' with the implementation of salary management. In addition, knowing how much to spend or save.
In the end, it is true that we do not always need to spend money on excessive lifestyles for the sake of the validity of social groups alone.
So, how about recording expenses? It becomes important so that you know where your money is going, so that expenses can be planned and can determine spending priorities.
2. Not Easily Lulled by Installments
Fixed income every month as well as permanent employee status, often makes the desire to pay in installments increase. From vehicles to homes.
It's okay if you want to have installments, it's just that you need to be careful by doing in-depth calculations from all aspects first, aka not easily lulled by a cheap down payment offer.
For example, when taking home installments, don't forget to consider additional costs such as credit interest to other additional costs. Likewise with vehicle installments and so on.
Don't let the total installments look cheap, but when they are combined the total will almost take up your entire salary.
3. Keep Upgrading Yourself
In addition to working hard everyday, take your time to practice skills to increase your 'selling point'. That way, citing CNBC, this will allow employees to develop and open up good opportunities to work in more productive companies.
With increased income, the hope is to increase your assets as well.
Good luck!