The Best Way To Deal With Dry Bag Conditions At The End Of The Month

Dollar Money (Karolina Grabowska / Pexels)

JAKARTA - The end of the month is certainly a tense time for workers who still rely on income from their monthly salary. It could be that at the beginning of the month you make a financial plan so that the bag doesn't dry out, aka it goes bankrupt in the middle of the month.

Unfortunately, all of that is far from reality. The condition of the wallet says otherwise. When you want to spend money to buy necessities, suddenly your wallet and ATM are empty.

So that this incident does not repeat itself in the following months, let's read some tips for dealing with dry bags at the end of the following month.

Share as needed

Tips for anti-dry bags at the end of the first month is to divide the income into several parts. For example, the need to pay debts, daily living needs, savings, social affairs, and other parts as needed.

Better yet, determine the percentage of each portion. For example, the portion of paying debts is 30 percent, 40 percent of daily needs, the rest is for savings or monthly spending.

Know priorities

After dividing according to your needs, you automatically know which parts are important and should be a priority. It could be that the priority for paying debt and credit installments ranks first.

The second priority is usually on the part of daily needs such as electricity bills, water, internet, and others. It is this priority that you must pay first because it is urgent. Here, you can also add a percentage of the set value.

Don't mix money

Tips for dealing with dry bags at the end of the next month are saving. If you have a savings plan, the most appropriate step to take is to separate your savings account from your daily needs account.

So, don't mix your expenses and savings in one account. The goal is to make it easier for you to control your savings. It would be great if you choose savings with low administrative costs.

Then, try to keep your savings ATM card at home so you don't use the money in your savings casually.

Have a reserve fund

Tips for dealing with dry bags at the end of another month is to have a spare fund. Remember, unexpected events can happen at any time. Whether it's illness or other needs that require sudden money.

For that, it is important to always prepare a reserve fund in savings. To make it easier, determine the percentage of each income you own.

Investation

Have you ever said 'the more you give, the smoother your sustenance will be'? You can believe it or not, but at least social activities have a positive value.

Therefore, after implementing the four tips above, try to allocate a little money for social activities such as helping the poor, helping people who are sick, and so on.

If your salary is still left, you can try to use it for investment. The goal is to increase your money. You can take advantage of various channels such as mutual funds, deposits, or gold savings.