Financial Resolution 2025 For Young People So They Don't Get Stuck In The Phenomenon Of Eating Savings

Illustration of financial management (Pexels / Kuncheek)

JAKARTA - The phenomenon of eating savings or known as mantab has recently been widely discussed for the past almost a year. According to a number of economists, this happens because the price of food ingredients continues to rise.

The year 2024 is said to bring many challenges to the Indonesian economy. The high number of layoffs (PHK) is the cause of the decline in people's purchasing power. Many people celebrate the current economy so sluggish.

For most people, this situation worsens their financial condition because they are forced to take savings to meet their daily needs.

Therefore, in 2025, it is recommended to have a financial resolution to avoid the phenomenon of eating savings. Here are some financial resolutions that can be applied, reported by Truist, on Monday, January 6, 2025.

Proper budgeting is needed to avoid financial problems going forward. Although it requires discipline, budgeting can help you find ways to buy more things you care about the most.

The first step in budgeting is to pay attention to your expenses to determine where your money is spent. Then, use this insight to make spending plans by prioritizing things that are your priority, so that money is easy to manage and save.

Savings is often used to deal with unexpected situations that require large funds. To overcome this, you need to create an emergency fund outside of savings.

Keep the funds in a separate savings account. It is recommended that these emergency funds amount to at least three months of expenses for your daily life.

In the midst of difficult conditions, having several incomes is a solution to dealing with financial problems. You can increase your income potential by developing skills, seeking support services, and building networks by focusing on professional relationships.

While not everyone can get their dream job, you can still prioritize your own happiness by aligning your career choices. Like what you do or where you work with your personal values.

Financial resolution is very good to set, but it has to stick to and be consistent to make it happen. One way to stay consistent is to write down your financial resolutions and other goals you want to achieve in the coming months.