Saving has become one of the activities that must be done when after getting income. The purpose of saving itself also varies, although generally for emergency funds only, the allocation of savings for other things should also be planned from now on. Here are some types of costs that must be saved from now:
If you talk about your body condition, of course you cannot predict this. Health funds are included in the type of fees that you must save from now. A better step is to prepare health insurance and life insurance, in addition to still saving funds for health expenses. Usually there are still side costs that may not necessarily be claimed to use insurance costs, especially if the type of insurance you take does not include the type of illness / disaster that might happen to you later. If you still don’t have health insurance, it’s good to start registering yourself, one that is quite cheap is BPJS Kesehatan.
Just like its nature, this fund is intended for something emergency. If you currently have a business that runs smoothly or a job with a steady income, you also still have to set aside at least 30% of the total monthly income for emergency funds. Business moves are indeed unpredictable, so there is always a possibility if the business you run suddenly stops in the middle of the road or the company you work for has problems that have resulted in layoffs. To prevent sudden loss of sources of income, it’s a good idea to start saving these emergency costs to save from now. Emergency funds when losing this job will be felt its function if in these conditions you still have the remaining obligations that must be paid, for example credit card arrears or KTA that have not been paid off.
Pension funds are often ruled out because they don’t feel important enough and don’t feel appropriate put in the cost category that you have to save from now. For those who have a steady income every month, of course, they will assume that the pension fund will accumulate on its own, especially considering the pension that is generally given by the company where you work, considering that companies now generally have registered their employees with BPJS Employment. However, it is better if you start to calculate again whether the funds that you will get can meet the costs of your life and your family in the old days. Therefore, it is not wrong to set aside a number of funds and save for future pension funds.
One of the costs that you must save from now is the funds for your child’s future education. Education costs that tend to increase from year to year make us have to continue working to meet these costs. Not to mention the higher levels of education will require funding which is certainly much higher. If you currently have children who are still in elementary school, you can start saving for the cost of education when going to college later. Of course you have to estimate how much it will cost in the future. To get around this you can also open an education savings for your child or include education insurance, which functions so that your child can continue education if the family’s backbone dies.