Ersa Mayori Reveals 6 Tips For Managing Finance For Young Couples

Ersa Mayori shared tips on managing finances (Adelia/VOI)

JAKARTA - Managing finances properly is the key to achieving financial stability in the family, especially for young couples who are just starting a life together.

Artist and presenter Ersa Mayori revealed several important things that need to be considered in financial planning so that the family's future is more secure.

Ersa Mayori revealed 6 tips that young couples can apply in managing finances at the Indonesian Zurich press conference in the Mega Kuningan area, South Jakarta on Tuesday, February 11.

The first step in managing finances is open communication with your partner. Discuss your dreams, ideals, and values in life. By uniting your vision, new partners can determine financial priorities that are in line with common goals. For example, whether to buy a house within five years, save for children's education, or invest for the sake of the future.

"Tips manages finances for young couples. The first is having to communicate with your partner, about your dreams, your dreams, what values you have, unite your vision," added the 45-year-old woman.

Saving and investing is a long-term process that requires discipline. Therefore, young couples must be committed and consistent in allocating funds for savings and investment. Start from now on, no matter how small the amount, because the effort done from an early age will provide better results in the future.

"Second, it must be committed and consistent. Because it is called saving, investing, it is a long-term goal, carried out from now on. This means that you want to achieve your goals, business from now on. That's why you have to be committed, disciplined and consistent," said Otto Djauhari's wife.

As a young couple, it is important to have a clear budget plan. Make a list of monthly expenses, separate between needs and desires, and avoid a consumptive lifestyle. With careful planning, you can avoid waste and ensure that money is used effectively.

"Mother has a lot of roles, but especially managing finances. For me and my husband, the children are already big. So currently, his homework manages not as much as before, in the sense that one has studied, the other is thinking about going to college," said Ersa.

"Financial management issues should be as soon as possible if you are married. Because you become a parent and have children, we have a responsibility. So actually my husband and I are lucky to have one vision," he continued.

For couples who already have children or plan to have children, planning education funds is very important. Education costs always increase every year, so it needs to be prepared early on. In fact, since pregnancy, parents can begin to estimate the costs needed for children's education in the future.

"We have two children who must be accompanied for life, and not only attention and affection, but we also have to support them financially. Including helping them achieve their dreams so that they can be independent and mature," said Ersa.

Emergency funds are very important to deal with unexpected situations such as job loss, medical costs, or other emergencies. It is better for young couples to set aside about 3-6 times of monthly expenses as emergency funds to be better prepared for unexpected conditions.

"That means we have to have a good money plan, because that is our responsibility. One of them is education. This education is always full of surprises, the numbers always go up. Always make sure we can measure, when our children go to school, even since we get pregnant we can measure it," said Ersa.

Insurance is a form of financial protection that is often overlooked. Make sure you have adequate health insurance and life insurance to protect your family from financial risks due to unexpected events.

"As a parent, one form of affection and love for the family, with a form of responsibility with financial planning as early as possible." added Ersa.