Finances

Manage Planned Finances

Managing finances for future savings is one of the most important foundations in life. Unfortunately, not everyone can save and be able to manage finances well, especially the 18-30 year old generation or what is commonly called the millennial generation.

The demands of lifestyle and consumptive behavior are one of the main factors for this millennial generation who tend to prefer to enjoy life just for sightseeing, hanging out, shopping online, watching concerts and other entertainments. This is certainly a worrying fact, especially considering the continued soaring prices of land, property and basic needs that can happen at any time.

No wonder, if you have worked for many years, but not a penny of money has been collected to be used as savings in the future. Saving is clearly not easy, therefore, it takes determination and good financial management in order to be able to set aside our income so that it can be maximized. But don’t worry, for millennials who are still having trouble managing finances, let’s look at the tips for saving and managing planned finances below!

  1. Open a special savings account

In today’s era, there are many banking products that make it easier for you to save. You can choose one of the many banks that provide savings facilities that can provide benefits or benefits in the future according to your needs. Avoid saving in the same account as your monthly income account, of course this needs to be done to control your expenses so they don’t mess up.

  1. Set aside 10% of income

Even though the amount looks small, it takes a lot of consistency to be able to do it. You must be orderly and consistent from the start to set aside 20% of your income each month to be saved to the savings account that you created earlier.

  1. Make a list of expenses

Recording every expense that you have spent will really help you to manage your finances every month. Don’t forget to always detail your expenses in as much detail as possible, the goal is to let you know where your income is going every month.

  1. Find extra income

If you feel you can’t set aside some of your monthly income for savings, don’t worry. You can look for other additional income outside of your regular income every month, such as trading, becoming a reseller to freelance. As long as it doesn’t interfere with your main job.

  1. Reduce the use of credit cards

Having too many credit cards is also not good for your financial condition. Having more than one credit card will only make you have a consumptive behavior and get used to being in debt. Even though you are not necessarily able to pay the installment bill every month, right?

  1. Start to dare to invest

Although most millennials have started saving early, only a few percent of them have the courage to invest. In fact, there are various benefits and advantages that can be obtained in the future if we dare to invest. The choice of investment types is now increasingly diverse, such as deposits, mutual funds, bonds, stocks, gold to property. Please select the type of investment that suits your needs.

Those are some tips for managing planned finances for the millennial generation in the future. Even though it’s hard to start and feels heavy at first, believe me, the results you get will be very profitable later on. The most important thing is intention, consistency and discipline. So don’t just enjoy life for today, you must also be able to enjoy life for the future!

Fifty

Yeah, I turned fifty last week. Might as well memorialize it here in my journal. Below is the photo I took that day as I walked into town for a glass of wine and a stop at the food hall. Which, I guess, looks as bleak as most of the photos I take. But the air was crisp and clean, and the sky was nigh cloudless and the sun was bright and hard. Reminded of that line (and many others) from Cohen’s “Tower Of Song” – standing by the window, where the light is strong. It’s a song I identify with more and more as I age. Or, at least, understand more.

Fifty doesn’t feel too bad. Although I feel compelled to mention the extremely mild barely-there recurring headache I’ve had for a couple of weeks, to strike that doomy foreshadowing note if it turns out to be a brain tumour.

See? I can still make jokes. Not dead yet.

Or, as the other guy said “Well… yes, and here we go again.”

Recent Quotes 17feb18

Xefirotarch makes vampire architecture. The reasons for this go beyond the now well-known series of incidents at the group’s recent SF MoMA show, during which, over consecutive days in the spring of 2006, several children were left bleeding and traumatized by their encounters with the installation. Each claimed to have been “bitten” by its forms, but more likely the children had fallen upon one of its dangerous, fang-like angles, and left punctured by the sharp contours. One boy was hospitalized for nearly a week because of his injuries. The linear gash in his abdomen is now healing, but he remains adamant that the work lunged at him and not the other way around.

Dispute Plan to Prevent Future Luxury Constitution, Benjamin H. Bratton (UK) (US)

Cohen got up early and studied the market at home before being driven to the office by 8 A.M. by a bodyguard in a gray Maybach. He arrived to find a bowl of hot oatmeal wrapped in cellophane waiting on his desk. His station at the center of the trading floor resembled a cockpit, with twelve monitors mounted in front of him.

Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street, Sheelah Kolhatkar (UK) (US)

‘We see the same stars, the sky is shared by all, the same world surrounds us. What does it matter what wisdom a person uses to seek for the truth?’

– The ‘pagan’ author Symmachus

The Darkening Age: The Christian Destruction of the Classical World, Catherine Nixey  (UK) (US)

REQUIREMENTS 18feb18

  • Figuring out a way to make LinkedIn rebuild and expand my network and contacts list, i.e. the only thing it was ever good for
  • Learning how to see the future again
  • A Hunter satchel from Peg & Awl.  (I don’t require one, but they look awfully nice, and I don’t currently have a good day bag)
  • I need to get my schedule to land so that I can plan some travel. Europe is calling.
  • Batching my email, probably. I’m at Inbox 39, which, for me, is criminal. I need to get back on my shit with replying and dealing with stuff and setting reminders.  This year started so fast that I didn’t have the usual few weeks in January to review my habits, practise and mechanics.
  • Hammer a fucking earphone jack into this stupid fucking new iPhone I had to get because an audio device without an earphone jack is like a car without fucking doors
  • also maybe work on my blood pressure some more

BLACK EDGE

BLACK EDGE, by Sheelah Kolhatkar, is the story of Steve Cohen, financial wizard and insider-trading pirate, his weird life and the strange, damaged people who fell into his wake because of the riches he brought with him.  And the fucked-up financial policing system in America.

Ever watch that show BILLIONS?  You know, the one which opened with Paul Giamatti being pissed on by his dominatrix?  This is the real story.  It is both less lurid – no obvious piss play — and more fucked up.  Yes, it’s fun to see Paul Giamatti looking for new things to shout at while Damien Lewis smiles his weird little smile, but there is nothing in that show like the howling human void that is trader Matthew Martoma, whose story becomes the centre stone of this carefully assembled liar’s house.

With clear explanations of the financial shenanigans for people like me who are all but mathematically bind, and exquisite pen-portraits of all the characters involved  – the brief sketch of the demented informant known as “Winnie The Pooh” was an especial favourite — BLACK EDGE manages to be entertaining as well as rich and, of course, quite chilling. Totally recommended.

BLACK EDGE, Sheelah Kolhatkar  (UK) (US)

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