Alan Lakein, a famous American writer, once said that “planning is bringing the future into the present so that you can do something about it now”. It's true, if you want something to run smoothly or to achieve a goal, careful planning is mandatory. Jagoans, do you know that there are 3 important things to start planning from now on when it comes to money?
Let’s Start Financial Planning for These 3 Important Things
1. Payment of bills and/or installments
If you want to live comfortably and free from drama, such as a sudden power outage or internet disconnection, you need to plan ahead of time to pay your bills on time. It's not just bills, if you are also paying in installments for something like a house or a car, then financial planning is also necessary.
In addition to living a comfortable and drama-free life, paying bills and/or installments on time also frees you from the obligation to pay fines due to late payments. Oh yes, if all the bills and/or installments have been paid, it’s safe to use the available money to meet other needs.
2. Emergency savings
There are various types of emergencies. Your fridge and AC suddenly break down? It is an emergency. Natural disasters such as floods and earthquakes are also emergencies. Likewise road accidents, sudden illness requiring special care and job loss.
All emergencies are sudden, cannot be predicted and require a large amount of money to be handled properly.
Therefore, having emergency savings is very important. Planning to set aside some money to save for emergencies is highly recommended. If an emergency occurs, you don't need to use money for daily needs or borrow money from other parties to deal with it.
3. Retirement savings
Do you want to be able to live your retirement comfortably and without a burden? You need sufficient retirement savings.
Of course, to have sufficient retirement savings, you can't just start saving 5 years before retiring. It's best if from a young age or when you get your first salary, you have thought about the bigger picture and start saving for retirement. The longer you save, the bigger your savings will be, as you can benefit from compound interest as an extra.
Start Planning and Managing Your Finances with the Jago Application
So, Jagoans, are you ready to start doing financial planning? To make it easy and practical, you can take advantage of various features in the Jago application.
1. Have your financial planning the way you want with the Jago Pockets and Auto-Budgeting
Imagine having a superpower to effortlessly manage your money! The Jago Pockets are like your personal financial command center. Forget messy spreadsheets – create dedicated Pockets for everything, including your emergency funds, retirement savings, and monthly bills.
What's more, with the Jago application you can allocate your budget automatically. Simply choose your Saving and Spending Pockets, set your desired budget amounts, and select your preferred frequency – daily, weekly, or monthly. Jago will then automatically channel funds into each Pocket, ensuring your needs are met and financial goals are consistently funded without you lifting a finger.
2. Say goodbye to late fees with Jago's Plan Ahead feature
Tired of the stress of remembering due dates and the sting of late payment fees? The Plan Ahead feature is your ultimate bill-paying superhero. Set it and forget it! Schedule automatic, on-time payments for all your recurring bills, from electricity and water to internet and loan installments.
Just link your Spending Pockets, define the due dates, and let Jago handle the rest. Once configured, Jago will automatically deduct the necessary funds, guaranteeing you never miss a payment again. Reclaim your time and enjoy the peace of mind that comes with knowing your bills are always paid promptly – effortlessly and reliably.
