Jakarta, 27 June 2024 - PT Bank Jago Tbk, a technology-based bank embedded in the digital ecosystem, and PT Bibit Tumbuh Bersama provided financial education to students. In collaboration with Seeds Finance, a community-based multi-asset investment platform for the younger generation, the SeedsTalk x CAMPUS Talk workshop was held at Mercu Buana University, West Jakarta, on Thursday, 27 June2024.
Titled “Unlock Your Financial Potential, Unleash the Power of Financial Freedom,” this financial literacy workshop featured Bank Jago's Consumer Business Community Manager, Edo Velandika, and Bibit’s Product Marketing Lead, Pebriani Artha, as speakers. They shared strategies for achieving financial freedom through financial management and investment to hundreds of Mercu Buana University students from various majors and study programs.
Edo Velandika stated that before achieving financial freedom, students need to understand inflow and outflow in financial management. “Simply put, it's like a water tank that serves as a savings account, where the water stored or money is the inflow, while the faucets in the house or our expenses are the outflow. So if you want the tank to be full, increase the inflow or income sources and reduce the outflow or expenses,” he explained.
Dika, as he is commonly known, added that an effective way to manage finances so that expenses are always controlled, savings are sufficient, and financial goals are on track is through the 50/30/20 method or 3F (fixed cost, fun, and future).
“50% of income is allocated for fixed costs or needs, 30% for fun or wants, and the remaining 20% for the future or savings and investments,” he explained.
Dika added that the Jago App is not only useful for saving and supporting payment transactions but also has a Pocket feature that greatly helps in customers' financial management. The Jago App has 60 pockets, which are essentially savings accounts.
“This means you can have 60 financial goals separated within one Jago App, as you want,” he said.
At the same event, Pebriani Artha shared several tips for students who are just starting to invest to avoid falling into unclear or fraudulent investment instruments. “Before deciding to invest, first ensure your financial priorities and goals, don’t easily get tempted or FOMO (fear of missing out) because every investment asset has different risks,” she emphasized.
Pebriani believes that a goal-based investment approach can simplify investing for beginners because it answers three important questions: what goals you want to achieve from investing, when you want to achieve these goals, and how much risk you are willing to take to achieve those goals.
“Through the Jago and Bibit apps, investments can be made according to individual preferences, from products, time, to financial goals. One of them is through the SIP (Systematic Investment Plan) feature, which also helps build a routine investment habit by using the auto-debit payment method from Jago Pockets for investments in Bibit,” concluded Pebriani.
