Sharing About Financial Planning

   Financial planning process is the process of managing the finances to achieve the goals. I create this financial planning activities because i must have a financial planning to manage my money because i am a college student and i live in a boarding house . Hence, i want to share my experience to all of you. All of you certainly have a goals to achieve in short-term or long-term goals and that goals is related to the money. For example from myself for the short-term goals i want to buy a novel, in order to get that i have to manage my money so it doesn't run out  and i can buy that novel and buy the other things for my needs. In this world we get the money from our work and it doesn't long lasting if we do not manage well. So, in the order to achieve your goals you need the financial planning process.

   To create the financial planning activities the first things you need to write down all of the things you spent your money like money to rent,  money to eat and the others. Next you will write down your expectation of your expense for 1 month or less of it. For example you set the target to food is Rp 1.500.000  and for entertainment activities you set Rp 300.000 for a month. After you plan your budget don't be stress of the plan , don't be over think about this so relax to do this plan. You can still spend your money but it must be controlled. If you spend your money for the things that have bill, collect that bills. The purpose of collect the bills is to know where your money going. If possible your actually expense is not surpass from your budget target. If you surpass from your budget target that's mean you have to repeat you analyze about your expense, that means the target you set is not success. It say success if you still have leftovers money from your expense in one month and the leftovers money you can save in savings account.

   Budgeting can look be simple and easy because you just have to set the target for your money, but getting into this habit and can manage well you needs some practice. While we doing this plan we could to enjoy life, spend the money to what we need but we must wisely about that. With you create this financial planning you can manage the money for many things for now or for the future. Don't forget to regularly access and review your financial planning process because every month your situation not always same, maybe this month your spending is not too much but who knows about next month maybe you need to buy many things. Doing this financial planning activities is not really hard, but you have to discipline about yourself to spending your money.