Newly married couples often face quite a challenge right away. One of the biggest challenges is to manage finances right. Actually this topic has to be discussed between a couple before the marriage. To think managing personal finances is difficult, it is even more complicated once you’re married.
Managing household finances cannot be done by one person only. It needed to be discussed with your partner as well. Even if the amount of your income is arguably high, it is still neet to manage properly to ensure it will not use to waste but savings. Here are some tips for managing household finances that you should do.
Create a Monthly Budget
The first thing first is to consider creating a monthly budget as a measurement to manage household finances. It is very important because it will keep your discipline, away from the consumptive habits. This budget of expenses included basic needs like food, electricity, water, transportation, and so on.
If you have any installments or debts, then you need to include it as well in the budget. This too shall need attention for you to not overdue the payment. It is better to put installments and debts at the top priority to pay off first. The rest of your income that not make it to the budget then will allocate as emergency funds and savings. This monthly budget you’ve created will help you control the expanses easier.
Don't Forget to Save
Savings habit has already created since we are a kid. It is then getting more important to do especially when you have entered the stage of marriage. By savings every month you can help your future condition and avoid unwanted financial problems. You can also consider allocating savings for your children’s education funds.
If you have never been saved in your life before then it will be difficult to do. However, you take it as a routine to do savings and try to keep consistent until it becoming your habit as well for it certainly useful. Married couples who do not have savings will tend to have financial problems that could endanger your domestic relationship.
Apply a Life-Saving Lifestyle
Sometimes a certain lifestyle can cause a big waste of money. The finances status will always be put into trouble if you are not willing to live an economical lifestyle. Yes, to the fact that not everyone can do savings or live a simple lifestyle. But it is necessary to do especially if you have a lower income. You need to adjust the lifestyle to be more efficient. But, it doesn’t mean that by having a larger income you can live an excessive lifestyle as well, for it’s still can cause financial problems. This is why the life-savings lifestyle is important.
Be Honest Regarding Personal Expenses
There is one main key to have a harmonious household, it is honesty to one another. Especially in communicate the financial issues. You need to be honest with your partner about your personal expenses as well. Try to be more open and honest when you are about to purchase something.
More of it, if you have added income or bonus from the office you also have to tell it your partner. It can be tempting, but being open about these expenses is very much needed. Especially if you want to buy something you craving for so long and it’s quite pricey then you need to talk about it first with your partner. This open attitude will help you have a harmonious household and financial status.
Those are some tips to manage household finances. The financial problems need to be considered thoroughly for it will affect your household. You can start to plan it from now on by using Permata Bank savings products like PermataTabung Bintang to start your savings habit or PermataTabung Bebas that provide cashback when you refill your tank at a gas station. Choose Permata Bank services for more benefits.
Aspiration for You
21 FEB 2020 | CONVENTIONAL NEWS
4 Ways to Prepare Children's Education Costs
14 OCT 2019 | FAMILY ASPIRATION
Investment Trends for Families in 2019
Privacy Policy
As privacy is an important aspect for the visitors of PermataBank website, PermataBank is determined to protect the visitors’ privacy. You may browse most part of PermataBank’s website without submitting any personal information. However, you may be asked to disclose certain information for PermataBank to be able to provide the service you request for. The privacy statement in this website is prepared to help visitors understand the types of information provided in PermataBank’s website, and how PermataBank handles the information.
The Collection and Use of Information
PermataBank is the sole owner of the entire information in this website. PermataBank will not sell, share, or rent the information in this website to other parties in the manner contradictary to the aspect presented in this statement.
Browsing the Information
During your access to PermataBank website, you may find some information in the form of ”cookie” in your computer, so that PermataBank can recognize you the next time you revisit the website. Cookies refer to small size text archive transferred by the website to a visitor’s hard disk when the visitor is browsing the website. PermataBank does not use cookies to collect personal information such as names or email addresses; therefore, all information collected by cookies will be arranged anynomously. PermataBank only uses cookies to measure the effectiveness of PermataBank online, such as by identifying the repeat visits to PermataBank’s website and observing the channel chosen by visitors when browsing PermataBank’s website, so that PermataBank will be able to adjust the website to your desire. If you do not wish to receive cookies or wish to be informed when cookies are placed, you can arrange your web browser for such purposes, provided that your web browser supports it.
Security
PermataBank will make continuous efforts to maintain the security of your personal information and protect it from manipulation, forgery, and irresponsible access and disclosure. PermataBank will also endeavor to maintain information accuracy.
External links
This website may accommodate links to other sites. Please be aware that PermataBank is not responsible for the privacy practices of other sites. PermataBank strongly recommends website visitors to read the privacy statement of all sites that collect personal information. The privacy statement in this website applies only to the information presented in this website.
Changes of Statement
PermataBank reserves the rights to change the statement in this website at anytime. PermataBank suggests the visitors of this website to recheck the privacy statement from time to time and learn a number of new privacy practices or modification of PermataBank policies.
Terms of Use
© Copyright 2024 - PT Bank Permata, Tbk. All rights are protected by law.
Information Policy
The use and content of this website are provided for your convenience. The information presented in this website is provided for you, without any kind of guarantee, either written or implied, included but not limited to the guarantee on tradeworthy goods and/or services, the compatibility for any purpose, promotion for a product without violating any rule.
This website may contain technical guidance that is inaccurate and typographical errors. PermataBank reserves the right to correct and/or modify the information in this website at any time and by any methods, without prior notice.
PermataBank is not responsible or liable for any material and non-material loss, which may be suffered by anyone or any party, as directly or indirectly resulted from the use of the information contained in this website, either in part or in entirety.
Link to Other Websites
For your convenience, PermataBank can also provide some links to other sites in the Internet, which are owned and/or operated by any party. Please note that those sites are not under PermataBank control, and therefore, PermataBank is not responsible for the content of such websites.