Hi everyone, Shalom Aleichem!
300x600
300x600
Good afternoon GanSist everyone!
In several previous series, the Superwoman Series has discussed how women can build physical health, strengthen mental health, develop charm, avoid people pleasingcontrolling consumer habits, and choosing a healthier lifestyle. All of these discussions have the same goal, namely to form women who are strong physically, mentally, socially and spiritually.
However, there is still one important aspect that is often overlooked, even though it really determines a person’s quality of life, namely the ability to manage personal finances.
There are quite a few people who have high incomes, but still experience financial difficulties. On the other hand, there are also people whose income is ordinary, but are able to build savings, have an emergency fund, and live more peacefully. The difference often lies not in the size of the income, but in the way it is managed.
Financial literacy has long been recognized as an important life skill. Organizations such as the OECD and the World Bank emphasize that the ability to budget, save, avoid unnecessary debt and plan for the future is an important part of a person’s well-being.
As part of Superwoman Series138th, here are 7 simple habits that can help you manage your money more wisely.
Quote:
1. Keep your money and assets a secret
Openness is important in a healthy relationship. However, this does not mean that all financial information must be announced to everyone.
The amount of savings, investments and personal assets is sensitive information. Sharing it with unauthorized persons may increase the risk of fraud, manipulation, or social pressure.
Being humble does not mean hiding yourself, but rather understanding that not all information needs to be known to the public. Of course, in certain relationships, such as with partners or parties who have joint legal and financial obligations, openness about finances is actually important. What is meant here is maintaining confidentiality from parties who have no interest in Sista’s financial condition.
Financial security also starts from being careful in protecting information.
Quote:
2. Avoid exploiting material from people who are not your family
Healthy social relationships are built on mutual respect, not taking advantage of each other. If there is someone who continually asks for money, borrows without the intention of paying it back, or approaches you only because they know your economic condition, refuse firmly.
Helping others is a good act. However, helping is different from people pleasing.
Setting healthy boundaries doesn’t mean being stingy. On the other hand, healthy boundaries help keep relationships fair and respectful, while providing motivation for the other person to grow and be independent.
A strong woman is able to say “no” firmly when a request is not worth fulfilling.
Quote:
3. Have an Emergency Fund Stored Safely
Life is full of unpredictable things, such as job loss, hospital bills, vehicle breakdown, disasters, or other urgent needs.
Therefore, having an emergency fund is one of the basic principles in financial planning.
Emergency funds should be kept in a safe place, easy to access when really needed, and not used for impulse shopping.
The term “secret” in this context does not mean hiding it from parties who have the right to know, but rather protecting it so that it is not easily used up due to momentary impulses or pressure from other parties.
An emergency fund is not a symbol of fear. Emergency funds are a form of preparedness to face uncertainty.
Quote:
4. Don’t let money come quickly and go quickly, build added value
Many people work hard every day. Salary comes in. Not long after that it was gone. The following month the same pattern repeated itself.
If all income is only used for consumption without building skills or assets, this condition can make someone continue to depend on the next month’s income.
Therefore, try to use some of your energy and time to produce added value. For example, opening a small business, selling your work, writing an online novel, creating digital products, teaching skills, or developing skills that increase career opportunities.
Being a manufacturer doesn’t always mean owning a factory. The point is to produce something valuable
value to others, not just being a consumer all the time.
Quote:
5. Avoid Online Loans and Online Gambling
In recent years, online lending and online gambling have become increasingly serious social problems.
Even legal online loans must still be used wisely. If used for consumptive needs without careful planning, debt can become a burden that disrupts mental health and financial conditions.
Even more dangerous is online gambling. Various studies show that gambling can cause addiction, economic problems, family conflicts, and even psychological disorders.
The apparent advantages at the start of the game often only create the illusion that one can gain riches easily. In fact, in the long term, most players actually experience losses.
Healthy wealth is built through work, skill, discipline and good financial management, not through detrimental speculation.
Quote:
6. Record your expenses every day and avoid impulse shopping
One simple habit that often has a big impact is recording financial flows. Record every income. Record every expense. No matter how small the value.
Through recording, you can find out where the money is actually used. Often times, someone feels that their money has “just disappeared”, even though it is actually used up because of many small expenses that they are not aware of.
Apart from that, make it a habit to pause before buying something that is not urgent. Ask yourself, is this item really needed? Is it still within budget? Will this purchase still feel important in a few weeks? These simple questions can help reduce impulse purchases.
Quote:
7. Set aside part of your income for savings from the start
One of the principles that is widely used in financial planning is “pay yourself first”, that is, setting aside savings immediately after receiving income, rather than waiting until there is still some left over.
As a simple example, if financial conditions allow, you can use around 80% of your income to meet your needs for a month and set aside around 20% as savings or long-term investments.
This percentage is not a rule that everyone must apply. The amount can be adjusted according to income, family responsibilities and individual conditions. The most important thing is to build the habit of saving consistently.
Small amounts but done consistently often provide better results than saving large amounts but only occasionally.
Quote:
CLOSURE
Managing money doesn’t mean being someone who is afraid to spend money. Managing money means using every rupiah consciously, responsibly and according to priorities. Maintain financial privacy. Avoid exploitation. Have an emergency fund. Build added value. Stay away from online loans and online gambling. Record expenses. And get used to saving. All of this is not just a financial habit, but also a character exercise.
As part of Superwoman Series #138, the main message of the series is simple. A strong woman is not measured by how much money she has, but by how wisely she manages that money.
Because money is a tool. If managed well, money can be a means to build a future, help others, and live a calmer life.
Quote:
SOURCE
Y*ut*be’s account is one hundred percent male (but adapted to a female style).
Atkinson, A., & Messy, F.-A. (2012). Measuring Financial Literacy: Results of the OECD / International Network on Financial Education (INFE) Pilot Study. OECD Working Papers on Finance, Insurance and Private Pensions, No. 15. OECD Publishing.
Organisation for Economic Co-operation and Development. (2020). OECD/INFE 2020 International Survey of Adult Financial Literacy. OECD Publishing.
Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1)5-44.
World Bank. (2022). Financial Inclusion Overview. World Bank.
Consumer Financial Protection Bureau. (2023). Managing Your Money. Consumer Financial Protection Bureau.
@vale79791@strangerfdotnet @jokingwet
