For many people, saving money is not something that can be easily done. But, saving is important for the future and emergencies that can happen at any time. Thanks to advanced technology, saving is no longer difficult. Now, there's an easy way to save money with Jago's Auto-Budgeting feature.
The Importance of Automatic and Routine Saving
Before we discuss how Auto-Budgeting can help you save, let's first get to know the importance of saving automatically and regularly every month.
1. Not to use money carelessly up front
Have you ever bought something because you gave in to your urges? After making a purchase, it turns out you rarely use or don’t use the product at all. Usually, you splurge because you see that there is still a lot of balance in your account, especially days after payday. By saving in advance, you can minimize the careless use of money.
2. To be more certain in achieving your financial goals
Everyone has their own financial goals. In the next 5 years, you may want to have enough capital to start a business. By always saving regularly every month, you increase your chances of achieving your financial goals.
3. To save time
When saving is automatic, you no longer need to make manual transfers, whether for retirement savings, emergency funds or investments, such as mutual fund investments.
4. To be free from guilt when you want to pamper yourself
You can reward yourself after working hard every day. You might want to get a new gadget, buy a new pair of shoes or add your game collection. If you have set aside money for savings in advance, you can be free from guilt when you want to reward yourself by buying whatever you want. This is because the money you use is ’leftover’ money.
The Auto-Budgeting Feature Helps Make Saving Money Easy, Automatic and Routine
When saving has become a habit, you don't need to worry anymore whether you will have money to live tomorrow or the future.
As the name suggests, the Auto-Budgeting feature in the Jago application can help you save money hassle-free. So that the 4 goals above can be achieved, setting aside money for savings can be done at the beginning of the month.
Before you can take advantage of the Autosave feature, you should first create a Saving Pocket or some Saving Pockets, depending on your savings needs. So that the savings needs don't get mixed with spending needs, such as food and transportation, you can create separate pockets for savings needs. For example, you can create 1 Pocket for Retirement Funds, 1 Pocket for Emergency Funds and 1 Pocket for Investment.
After, you can set for money from the Main Pocket or from a Pocket that is a source of funds to go into the Pockets for savings and investment needs automatically and regularly every month. Saving will be consistent. The fun is when you can relax while enjoying the savings that continue to grow as desired.
It's really easy to use the Auto-Budgeting feature. You can follow the simple steps on this page.
Give it a try.
