Many things changed during the coronavirus outbreak, socially and economically. Reporting from tempo.co, the corona virus pandemic that has changed the lives of most people in Indonesia has an impact on economic conditions.
There are people who still get a normal salary in the midst of a crisis but there are also those whose income is drastically reduced because work is delayed due to social restrictions that have made lifestyles recently changed.
Financial planners provide tips on how to manage finances in the middle of the COVID-19 pandemic. According to some economists, the COVID-19 pandemic has a big impact on those whose income is blocked due to social restrictions, for example doctors who rely on income from practices or restaurant owners who are lonely visitors because people stay at home.
The important thing to do is evaluate the income earned while the corona virus outbreak is still spread. Record the amount of income obtained neatly.
Freelancers can evaluate the assets they have in the form of money to gold jewelry. Also calculate the income from projects that have been done. Then, make a calculation of any expenses for the next three months.
There are mandatory expenses, there are necessity expenses.
Mandatory expenses that he meant were installments, children’s school fees, to salaries for household assistants. While spending needs can be adjusted to conditions, such as money to eat. In difficult situations, anyone can adjust the menu so that spending is more efficient.
The thing to remember is knowing which priority. Arrange expenses according to ability. Do not spree when income is limited.
For three months, the nature of desire to postpone first because we do not have the luxury to buy desires. The focus is obligations and needs.
If the amount of expenditure is greater than income, the difference can be overcome from savings or emergency funds.
If you are not sure how to make an income, you have to adjust your lifestyle.