Suitable For New Workers And Young Families, Financial Management Tips In 2025

JAKARTA - The new year is the right moment for us to reflect ourselves and make resolutions, including in financial management in 2025. Resolutions in financial management are not only about how to save more, but also how to determine the financial targets in the next year, regulate more realistic finances, and apply discipline in financial management.

Lindawati Octaviani, Director of Finance of SeaBank Indonesia, shared practical tips that can be used by anyone, including workers who only have income and young families to organize finances in 2025, are healthier and more planned.

The first step to achieve a healthy financial basis is to set a clear financial target. Try to define what you want to achieve this year. No need to be grandiose, the preparation of targets can start from short to long-term goals, the most important thing is that these targets must be realistic and measurable.

Starting from simple things such as saving for holidays, to big plans, namely buying a house or preparing pension funds.

How To Use SMART Principles (Specific, Measurable, Achievable, Relevant, Time-bound) in preparing financial targets to make it easier and more realistic. Adjust the principles of SMART to your financial goals.

Developing idealistic financial targets is of course permissible, but you still have to be realistic. Being too concerned with idealism can make our financial plans an 'odd', you can avoid it by doing things like;

Join the budget by calculating monthly income and expenses, including small things such as transportation costs or daily coffee snacks.

How to apply the 50/30/20 rule, where 50% of income is used for needs, 30% for wishes, and 20% for savings or investments.

Pastikan Anda memiliki dana darurat minimal sejumlah tiga hingga enam bulan pengelian sebagai perlindungan untuk menghadapi kondisi tak terduga, seperti kehilangan pekerjaan atau masalah kesehatan.

After setting a realistic 2025 financial target, the next step is to create and evaluate the remaining list of debts during 2024. Good debt management can prevent excessive financial burdens, as well as help you optimize the use of funds based on debt types and interest rates.

Some of the steps that can be done are:

Do data collection on all remaining debts, complete with interest rates and due dates.

Prioritize debt payments with the highest interest rates. This can reduce the overall interest expense and speed up the repayment process.

Pay more than the minimum amount, by paying more we can reduce the principal of the debt faster so as to reduce the interest expense that must be paid.

After compiling a financial target and a list of debt repayments, another important thing is to apply a disciplined attitude in financial management. If you are not disciplined, the financial plans that have been made will not be realized, for that you need to do:

Rutin records every expenditure, both large and small, to help evaluate the budget. Check back monthly expenses, which ones can be reduced or even eliminated.

Avoid reducing non-priority expenses by making a list of daily necessities to seasonal needs and determining the budget. Prioritize primary needs, if there is a remaining budget, it will only be allocated for secondary and tertiary needs.

Avoid periodic financial evaluation to ensure a year's financial plan to stay on track

You can take advantage of technology such as financial applications to monitor your expenses and see the extent to which targets have been achieved.