When you are here, you are in your 20s to 30s, it is a process of exploring the world of work before you finally find a permanent job that can continue to grow and guarantee your old age later. Awareness in managing finances intelligently and wisely may not be owned by everyone.

But once you find and are able to apply it in your personal life, it will be able to maximize the income you have. The following are some habits that you must apply in order to have healthy finances.

What are the habits that must be applied in order to have a healthy finance?

Saving and Investing

Investing the income you have has not been the main choice for some people, because some are afraid of losing because the market price could drop the selected stock. Saving money in an account may seem comfortable, but this method will be an obstacle in making your wealth grow with lInvesting

A possible solution is for you to set up automatic transfers in the payment period, i.e. 10% of the income to be invested and the other 10% to be put into a savings account that has a lower interest or time deposit.

Don’t be afraid to quit your job

When you are here already accustomed to applying the style of saving while also investing from the income you get every month, then you need to try to focus and think about how to increase your income, so that it will have an impact on the amount of savings and investment that you are trying.

That means it will encourage and motivate you to do promotions at work or to ask for a raise, even leaving jobs that have much higher pay or offers for career advancement.

Avoid Inflation

Those who are young tend to have the mindset of choosing a much larger and more expensive place to live after earning a fairly high wage from their work. For example, they look for a place to live that has adequate facilities, take many holidays to go on vacation and so on.

This of course would be very unfortunate because what they should have done was to keep the cost of living low and in accordance with their needs. You need to set rules so you don’t spend more than 30% of your income on rent.

In the future you will still need needs that have a much higher priority than using them now for things that are considered less important. One of them is saving for marriage, financing and raising children and so on.

Be More Thorough On Credit Reports

The next habit that you must apply in order to have healthy finances is to be more careful with the credit reports you get every month so that here you avoid fraud. You can later use a tool for security verification so that your credit card is not misused.

We recommend that you double-check your books, old spelling mistakes or multiple rejected transactions. If it always appears, then it could be an opportunity for fraud. When you find things that feel strange and odd about using a credit card, then you need to report it to the relevant party, such as the credit bureau. Only then can you apply. Of course, fraud during the pandemic has caused everyone to be much more aware of their financial routines.

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