The strawberry generation is vulnerable to financial problems such as lacking of savings and investment due to a lot of consumptive spending. However, there are various ways to manage money that can be applied so you don't become the strawberry generation.
What is the Strawberry Generation?
As seen on the website of the Ministry of Finance of the Republic of Indonesia, the strawberry generation is a generation that looks beautiful and attractive from the outside, but is soft inside, making it easily brittle or crushed when under pressure.
The strawberry generation phenomenon is often found among young people. The reasons are varied, such as the large number of young people being raised by parents who are more financially prosperous and differences in how children are educated compared to previous generations.
Why is the Strawberry Generation Vulnerable to Various Financial Problems?
A fragile and soft mentality makes it easy for the strawberry generation to spend money on things that are unimportant or unnecessary. For example, when the strawberry generation feels a little stressed, they end up 'escaping' by buying various things just to calm or entertain themselves.
Because they are soft, the strawberry generation is also easily influenced in social circles. An example is wanting to show off because one or two friends are showing off after buying luxury goods.
Due to a mentality that can be said to be not tough or resilient and soft, the strawberry generation spends a lot of money to live a consumptive lifestyle. This has an impact on the lack or even having no savings or investment at all. And worse, the accumulation of debt is only for consumptive spending.
How to be Jago at Managing Money to Not Become the Strawberry Generation
As Jagoan, you certainly don't want to be the strawberry generation. There are many ways you can manage your finances to avoid becoming part of the strawberry generation.
1. Determine priorities and allocate the budget appropriately
Which is more important, fully-filled savings for future security or buying things just because you are emotional and for momentary satisfaction?
Which is more important, needs such as emergency savings or wants such as having the latest gadget even though the existing gadget still functions well and was recently purchased?
By realizing what is more important, you can more easily allocate your budget in the right portion for each type of expense.
2. Be more mindful about spending money by choosing what you want
Spending money on wants or pleasure is certainly permissible. Why have money if you can't enjoy it? However, there is one important thing to remember.
When spending, you also need a more mindful and wise attitude. Of all the wants, which one do you want the most? You can set your budget to fulfill one want this month. Other wants can be postponed to the following months.
3. Use the Jago application and its features that make it easier for you to manage your finances more practically
The easier and hassle-free it is to manage your finances, the more enthusiastic you will be in doing it. By having an account at Bank Jago, you can manage your finances more practically through the Jago application.
After registering and having a Jago/Jago Syariah account, you can start taking advantage of the various features available.
The Pocket feature, for example, makes it easier for you to have multiple accounts to manage multiple needs. Separate each type of expense into its own Pocket. You can create up to dozens of Jago/Jago Syariah Pockets.
Next, allocate a budget to each Pocket that has been created to ensure you don't overspend and help maintain self-control. Budget allocation can be done automatically or manually.
Budgeting with the right allocation of funds helps ensure savings and needs and wants go together, without taking each other's funds.
The features in the Jago application such as debit cards and QRIS Jago make it easier for you to spend money according to the preset budget, because they can be linked to any of your Spending Pockets.
Also read: Differences between Jago and Jago Syariah
Becoming a strong generation and avoiding being part of the strawberry generation can start by being jago at choosing your wants, self-control, budgeting and managing finances as a whole.
