Who can't wait for the new year to arrive? Indeed, everyone is looking forward to it because with a new year comes new enthusiasm, hope and optimism. It's also important to ignite new enthusiasm for managing finances. You don't need to do anything grandiose. Instead, start with these 5 simple but impactful ways.
Managing Finances in the New Year: How to Get Started
1. Revisit the existing budget and create a new budget
Over time, needs may change. Especially in the new year, we usually also make a number of new financial goals that we want to achieve.
For example, in 2023 you want to be able to spend time with your beloved family by traveling abroad 2 times a year. Or, you want to upgrade your house to make it more comfortable to live in.
With new financial goals to achieve, it is likely that the existing budget needs to be reviewed. In order to achieve financial goals, are there any expenses that can be reduced? Maybe, you subscribe to too many digital services and want to reduce them in the new year because it turns out, not all of these services are used as fully as possible.
For those of you who are still doing manual budgeting, you can make practical budgeting a New Year's resolution. By using the Jago Pocket, budgeting simply becomes faster, more practical and easier.
Create as many Pockets as needed to separate the various needs in the new year. Allocating funds is as easy as moving money from one Pocket to another. And, you no longer need to calculate or do manual recording because a clear and detailed transaction history is available in every Pocket.
2. Check your emergency savings
Having an emergency fund is always important no matter what the situation is. Especially in the midst of economic uncertainty or a global economic recession that is predicted to approach in 2023, having an adequate emergency fund is a priority. When an emergency fund is available and can be used in times of urgency, you don't need to use the money that has been allocated for other purposes.
The Autosave feature in the Jago application can help you be more disciplined in building an emergency fund. Before it is used for other things that are less important, the money must first be put into savings. This is guaranteed when the Autosave feature has been activated in the Saving Pocket or Locked Pocket.
3. Ensure you are on the right track with your financial goals
Having new financial goals doesn't mean we forget the old ones. As the new year begins, make sure you are on the right track in your journey to achieve your goals, both new and existing ones.
Apart from saving money in a Saving Pocket or a Locked Pocket, you can save in the form of mutual fund investments, especially if the financial goals to be achieved are long-term ones.
Utilizing the power of the Jago digital ecosystem that is already linked to Bibit, you can top up your mutual fund investment without any fees at all. In terms of practicality, you can also monitor your Bibit investment portfolio directly from Jago, so there's no need to switch applications. You can even withdraw certain mutual funds directly from Bibit to Jago in seconds with the Instant Redemption feature.
4. Prioritize timely payments
The payments referred to here are bill payments or recurring transactions that you often make. When payments are made on time, you are free from worry when it comes to other transactions, such as buying snacks and online shopping. Another great thing about timely payments is that you don't have to pay late fees.

With Jago’s Plan Ahead feature, no matter how many commitments you have in a month, everything will be paid on time. You decide for yourself when the transaction must be completed and whether the payment is automatic or semi-automatic. If it's semi-automatic, payment requires manual confirmation from you.
5. Manage expenses without the hassle
Who wants their 2023 to be free from the hassle of managing expenses? Everyone, that’s for sure. With Jago you can also manage expenses hassle-free.
For those who often use Gojek services, link Jago to GoPay so you don't have to do top-ups anymore, ever. When a Jago Pocket has become a payment method or source of funds in GoPay, your expenses can be managed more easily. Overspending can also be minimized because you can only use the balance in the chosen Jago Pocket.
Another feature that you can use is the Spend Analysis. The Spend Analysis feature presents total expenses for a month, the amount and percentage of expenses per category as well as a comparison of expenses between the current month and the previous month, making it easier for you to analyze expenses practically. You can quickly forget about manual recording and expense calculation.
Together with Jago, you can start fresh financially. The Jago application can be downloaded here for those who don't have it yet.