Talking about the boarders life, it is inseparable from indomie( a kind of instant noodle ),burjo ( a kind of an eating place ) and hanging out. Â You must know that boarders are not always about them all, but more than that, it is about how they survive every day with the money that has been given by their parents. Therefore every boarder needs to manage their finances in order to be sufficient until the end of the month. In fact there are still many boarders who are bad at managing their finances. As a result they will have a deficit at the end of the month.
Thus, financial management is a must for boarders. According to Keown et al, 2005, page 4), financial management is about making and keeping the economic value or wealth by taking the best financial decisions. For boarders, the financial management is of course simpler. Here are a few tips and benefit on how to manage finance from boarders.
The simplest and most basic aspect of a person's financial life is budget planning. This planning begins by knowing the financial position of the boarders by knowing total income received over a period of time, which can come from various sources. After that, the next step is plan the expenditure of the priority scale needed. So do budget planning to keep the finance running smoothly.
At the present time, savings are one of the important aspects that every boarder needs to have. Not only boarders who need to save their money, but also individuals who have goals in their lives need to apply saving habits, because saving is very important. There are various ways that boarders can put their money into savings and people have their own way. Therefore boarders are encouraged to put their money into the bank or the savings in their boarding house.
After budget planning, evaluation is the next step. Evaluation is very important in financial management because with evaluation, we can know what is less from the activity that has been done. so with the evaluation we can add and improve. Therefore, there should be an evaluation so as not to make the same mistake from time to time.
When boarders have managed their finances well, they will definitely get a few advantages. First, they can live more economically, as they are able to prioritize the most important needs over their desires. By managing finances the boarders' lives become more calm than those who do not do financial management, Because the boarders who do financial management have a good preparation to live their daily lives. So those who do financial management, will live in peace related to finances.
Those are some explanations of why managing finances well is very important and should be prioritized. You will never know the unexpected events will happen in your life. A financial expert once said "You mush gain control over your money or the lack of it will forever control you" - Dave Ramsey. Therefore, it is the boarders who can control their own wisdom wisely to make life safe, peaceful and happy.
References :
Antariksa,Y.n.d " 9 Cara Cerdas Mengelola Keuangan Pribadi " http://strategimanajemen.net/9-cara-cerdas-menjadi-milioner/
Keown, A. J, Martin, J. D., Petty J. W., Scott, D. F. Jr. 2005. Financial Management. 10th ed. Pearson Education, Inc., New Jersey.
