With good money management, as a result, many positive things can be enjoyed in the short and long term. For example, no need to be stressed about money anymore. Without stress, mental health can be maintained. Let's start practicing financial self-care to achieve financial wellness.
Financial Self-Care, What Can You Do?
You must have often practiced self-care, for example by exercising and maintaining nutritional intake to maintain health. Indeed, self-care is a variety of actions that we do consciously and intentionally. Therefore, self-care must be initiated by yourself, not someone else.
In order to achieve and maintain financial wellness, it turns out that there are also a number of actions that can be taken as a form of financial self-care:
1. Set up automatic contributions to savings
Savings are very important, Jagoan. Savings can be a cornerstone for many things, depending on the type of savings. Emergency savings can help you get through unexpected circumstances. Retirement savings can help you live your retirement life with comfort.
How to keep your savings growing steadily without the hassle of transferring a certain amount of money every month? You can set up automatic contributions. In the Jago application, you can activate the Autosave feature for every Saving Pocket you have. Savings in sufficient amounts provide financial security and peace of mind.
Also read: 4 Types of Savings Everyone Should Have
2. Set financial goals that keep you enthusiastic and motivated
Achieving financial goals is a process and there are no certain rules that apply to everyone. Some people need only 1 year to achieve their financial goals, but others may need 5 years. As long as the journey you are taking brings you closer to financial wellness, then you are on the right path.
Therefore, choose and set financial goals that make you enthusiastic and motivated to achieve them. It will be easier for you to control expenses and stick to the budget.
For each financial goal you want to achieve, you can create its own Pocket in the Jago application. After that, you can set a target and monitor its progress at any time.
3. Allocate a budget for things that make you happy
Financial wellness must go hand in hand with mental health. Achieving financial wellness shouldn't be something you feel compelled to do.
What are the things that make you happy? You need to allocate a budget for these things, as long as they don’t blow your budget and you still prioritize financial goals. You can also allocate a budget for self-reward, for example when one of your financial goals is achieved. It feels nice when you appreciate yourself.
When budgeting, make sure there is a separate Pocket for things that make you happy. To make it even more fun, you can personalize the Pocket by adding an image, emojis and color and renaming it.
4. Don't forget to track expenses
People say if you don't know something, you don't have to worry about it. But when it comes to your finances, it does not apply.
Keeping track of expenses on a regular basis is actually important. By knowing your finances clearly, you can make decisions regarding what to do next, of course, in order to get better results.
When spending consistently sticks to the budget, you don't have to worry about anything. When you overspend in one of the expense categories, you can find out the cause and take the necessary action.
The Jago application has the Spend Analysis feature that makes it easier for you to monitor spending in real time.
Uniquely, it's not only total spending that you can compare with the previous month, but also spending per category. Everything is presented in the form of diagrams and percentages so that it is easy when you monitor them.
Ready to practice financial self-care in everyday life? The Jago application can be downloaded here if you don't have it yet.
