Jagoan, did you just graduate from university? Congratulations! This means it's time for you to enter the workforce and earn a salary every month. Receiving a salary is fun, but at the same time, you also take on many new responsibilities, such as managing finances well. There are 3 most important financial tips for new graduates from Jago.
3 Most Important Financial Tips for Every Fresh Graduate
1. Set short and long-term financial goals
As a fresh graduate, you may be tempted to have fun first. Only after a while then it's time to get serious.
You need to be serious from the start, especially when it comes to money. If you don't manage it seriously, money can run out in the middle of the month, while the next paycheck is still half a month away.
As a new graduate who already has a job, it's time for you to be independent and not depend on others. Do you agree, Jagoans?
So that money doesn't just run out, you need to set financial goals, both short and long-term. For example, do you want to have your own house? If so, when do you want to buy the house? Financial goals can help you set priorities more easily.
2. Budget every month
As a new graduate who may not be experienced or accustomed to budgeting for each need every month, you may be confused about where to start.
You can start with routine needs, such as electricity, internet, water and rent bills, as well as food and transportation.
In addition, you also need to set aside some money for savings, before using it for personal enjoyment. When there is still money left over, then you can use the money for whatever you want.
To make budgeting easier and more practical, you can make it automatic, which can be done in the Jago application.
3. Save every month
Saving is indeed difficult for new graduates, especially if the salary is not high. However, saving is important. Besides being able to help you reach your financial goals faster, saving can also help you when you experience an emergency or unexpected situation.
Jagoans, did you know that 71% of Indonesians still don't have enough savings for the future stage in their lives (marriage, buying a car, building a house, developing a business)*?
Therefore, being disciplined in saving every month is an important financial tip that is highly recommended for new graduates. To save, starting with a small amount is not a problem. The most important thing is that you are always consistent in saving.
You can try saving in a Locked Pocket in the Jago application. The Locked Pocket is flexible. You can save from just Rp100 thousand at the beginning. Then, over time, you can continue to increase the amount of savings in the Locked Pocket.
In addition, the Locked Pocket also helps prevent you from being tempted to splurge. The money will be locked for the period you choose.
It's nice to save in the Locked Pocket as you will get competitive interest. So, saving is not gonna be in vain. When the lock is unlocked, you will get more than the total amount you saved.
Are you ready to be jago at managing finances?
*Based on quantitative research by the independent survey agency YouGov; With a total sample of 1000 respondents. The survey process was held on 14 - 18 August 2021, and was conducted online. The survey results are a representation of the opinions of the online population in Indonesia/internet users in Indonesia.
*Interest rate can change at any time according to bank policy
