Is your motto "better to regret buying than regret not buying? The good news is, there are 5 practical tools that can help you control spending and manage expenses.
Control and Manage Spending With These 5 Tools
1. Saving Pocket and Spending Pocket
To spend better and stop overspending, you can start budgeting with the Jago Pocket. You can choose the Saving Pocket or Spending Pocket to separate various needs.
You can separate needs such as paying installments, paying bills, transportation, daily meals, online shopping and entertainment in the Spending Pockets. At the same time, you can separate your emergency fund, retirement fund and home purchase fund in the Saving Pockets.
Of course, it still takes discipline in using money even though the budget has been allocated for each need. So, for example, the online shopping budget for a month has run out. You can't take your emergency savings budget and make it your online shopping budget.
2. Locked Pocket
Next is the Locked Pocket. It has the same function as the Saving Pocket, which is to be with your every step on your journey to achieve your dreams, whatever they may be. It's just that, the Locked Pocket can help those of you who are still easy to fall into the temptation to spend money, even though the money is in savings.
How so? Because the Locked Pocket will lock your money for a certain period. The locking period is up to you, Jagoans. If the money is locked, you can't use it. Overspending can be prevented and you can manage spending better.
3. Bibit Pocket
Instead of spending all the money, or even worse overspending, what if you grow your money and make it your additional income?
One way to do it is to invest in mutual funds. Mutual fund investment is not complicated, in fact it is very practical, when you use the Bibit Pocket. Can top up for free too.
4. Autosave and Jago Autodebit
Now, to ensure that there is always money that goes into your savings or is invested, you can use the Autosave and Jago Autodebit features.
If you already have a Saving Pocket and a Locked Pocket, you can choose to activate the Autosave feature so that your saving becomes automatic without you having to transfer money to your savings account manually.
Then, you can use the Jago Autodebit feature to invest in Bibit mutual funds. With this feature, you can consistently plan your investment every month or according to the time you set yourself.
5. Spend Analysis
The last tool you can use to combat overspending is the Spend Analysis feature. Through this feature, you can get data regarding your expenses in a month and how you use your money.
In addition, based on the data presented in the form of diagrams and percentages, it will be easier for you when you want to be better at managing expenses. Do you think spending on entertainment could be reduced a bit? Do you spend too much money to eat at restaurants? Everything can be seen when using the Spend Analysis feature.
You can find all of the above tools in the Jago application. >The Jago application can be downloaded here for those who don't have it yet.
