Most young people today migrate to other cities to pursue higher education or to start a more promising career. Most of these young immigrants live in boarding houses.
Well, the bad habit of boarding children is not managing their finances properly. Wasteful at the beginning of the month and drag at the end of the month. It’s true, managing your own pocket money is not easy. But, it’s still worth a try to make your finances better, right? The following IDN Times summarize some tips for managing pocket money for boarding children.
1. Set daily pocket money
Illustration of wallet and finance (IDN Times/Dwi Agustiar) The first thing you have to do is manage your daily allowance. Use the money sparingly, or give yourself a daily allowance. Do not keep too much money in the wallet so as not to be too extravagant. Do it every day! Let it become a good habit and pocket money stay safe.
2. Saving in a piggy bank
Illustration (IDN Times/Mia Amalia) The habit of saving must have been taught by parents and teachers since childhood, right? However, this simple thing is so difficult to do. The key is only one, consistent to fill your piggy bank! Just try starting at the beginning of the month, you set aside a thousand rupiah per day. At the end of the month, you will not run out of money and you will still have Rp. 30 thousand in savings. That’s great, right?
3. Don’t buy things you don’t need
Shopping illustration (IDN Times/Arief Rahmat) Instill in yourself to use money as necessary. Don’t just buy the things you want, but prioritize the things you really need. It’s very important to consider what you should buy!
4. Cooking at the boarding house
IDN Times/Alfisyahrin Zulfahri Akbar Usually the children’s pocket money will run out quickly because they often eat out. Buying food outside is indeed easier and faster than having to cook it first. But remember, spending is endless if you always buy food outside. Try you browsing Recipes of various dishes on the internet and start cooking! The cost of buying groceries a day is certainly cheaper than buying a single serving of food.
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5. Limit activities that cost a lot of money
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Tourism Illustration (IDN Times/Arief Rahmat) Far from parental supervision, boarding children usually go out with their friends more often. The more often you go out with your friends, the more money will come out of your wallet. Watching, karaoke, or hanging out that often makes pocket money dragging. Therefore, reduce it, yes!
6. Bring drinking water from the boarding house
Illustration of a tumbler (IDN Times/Anata) Getting used to small things like this is also very beneficial, you know. If you always bring your own drinking water wherever you go, you will no longer buy it at the kiosk, canteen, or mini market. Even though a bottle of mineral water is cheap, it would be better if the money was used for other things that are more needed, right?
7. Work part time
Illustration of Work (IDN Times/Dian Ayugustanty) If you want to increase your pocket money, try registering for work part time according to the area of interest. If you like writing, become a freelance writer. Be freelance model if you have to go to college, but are also interested in the world modeling. Not bad for adding pocket money!
8. Eat at an affordable price
instagram.com/sepiring.warteg Lazy to cook and want to eat outside the boarding house? Can you eat out once in a while? But, don’t choose a place that fancy yes. Eating at affordable prices will help you save money. Keep choosing a clean place to eat, so that your health is also maintained.
You can apply some of these tips for managing pocket money every day, starting from now on. It’s hard at first, but it gets easier once you get used to it. Cheer up and don’t forget to save!
Also read: 12 Warren Buffett Investor Quotes That Really Kick For Your Finances
