JAKARTA - Homecoming costs a lot, it is not uncommon for savings to float for Eid. In order to get back healthy, financial planner Ligwina Hananto shares several tips in allocating monthly salaries to achieve a healthy financial condition, with a cash flow formula of 1-2-3-4.
"In general, spending can be calculated with a cash flow formula of 1-2-3-4 from QM Financial, which is a minimum of 10 percent for saving, a maximum of 20 percent for lifestyle, a maximum of 30 percent for installments, and a regular 40-60 percent for (expension) including charity," Ligwina said as quoted by ANTARA, Tuesday, May 2.
However, he emphasized that the amount is not a definite benchmark but only a benchmark to measure a person's financial health.
If you are married or support the life of your extended family, then regular posts can dominate more than these benchmarks. In addition, various other personal factors can also affect a person's monthly expenses.
"Everyone will have their own expenditure pattern, according to their respective ways of life," he added.
Ligwina also emphasized the importance of recording expenses so that they can find expenditure patterns or track records of funds that have been issued.
"Recording expenses is the most tedious activity. However, this activity is important. Do record expenditures for one day, three days, or seven days. That way, you can find patterns (financial) of working days versus weekends and know what expenditure posts are going on," he explained.
Ligwina said, usually everyone has their own wasteful posts. There are those who are wasteful in debt installment posts because they do not control the amount of debt, some are wasteful in routine posts because they have to support the lives of many people, and some are wasteful in lifestyle posts.
But of all that, according to him, what can be cured the most immediately is wasteful in lifestyle posts, namely by getting used to living according to your abilities, not prestige. That way, financial conditions are certainly healthier, savings and emergency funds can be collected properly.
When saving, Ligwina said this could be done in the form of banking savings, investment products, or real assets depending on the financial goals to be achieved.
"For short-term financial purposes under one year, it is better to use banking products so that they are low risk and easy to disburse," he said.
He added that someone can also have some savings, one of which can be used as an emergency fund deposit.
"It is possible that emergency funds are stored in savings products, you can also have several savings, such as A savings for emergency funds and B savings to raise holiday funds," concluded Ligwina.
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