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There are several "sacred" principles that you must adhere to if you want your life to be free from financial worries. Here are some of them. Listen!
Pay Your Credit Card Bills On Time
Ugh, Cosmo knows you must be nervous every time you get your credit card billing statement, especially in the last month, almost every day you use Uber car services. But at least pay your minimum bill, dear. Because if you don't pay, the number of bills will continue to double and the bank will continue to contact you like a possessive lover. But try this discipline, ladies: maybe you can only pay Rp. 500,000 a month, that's okay, but be consistent in paying that amount every month even though your minimum bill is actually reduced. Provided you don't use your credit card anymore, this trick can speed up your credit card billing!
Don't invest in stocks if it's for the short term
Why ? Even though the promise of interest is tempting, what you have to remember is that long-term investments tend to fluctuate and you will only get a brilliant return according to the investment period. ( FYI , some investments charge a penalty if you withdraw prematurely.) So don't put all your money in long-term investments in the hope that in five years the amount will continue to grow. Big NO, ladies —save the money in short term deposits or investments such as money markets that are safer and where the money is more easily accessible without penalty.
Don't Borrow Money from
Well 's Family , unless your parents or aunts really don't mind releasing some of their savings to you. But if you know beforehand that your family is very calculating, and you don't want to take the risk of causing family divisions, then it's better not to borrow. Or if it's really urgent, make a black and white agreement that includes a promise that you will pay it off plus interest within a certain period of time. You know what they say, business is business (or in this case, money is money ).
Buy Term Insurance
In Indonesia there tends to be confusion between health insurance and life insurance. They should be two different things. But in fact here the benefits are often combined, and usually the benefits are for life (or what is often called universal insurance ). But did you know, ladies: You don't have to keep paying for life insurance until the end of your life, you know . Abroad, life insurance is designed for family members—such as your wife or children—but if your child is old enough to support his own life, then it's time for you to stop having life insurance, and the premium you pay (or a certain amount promised by the party) insurance) will be returned again.That's why it's called “ term insurance .” Then calculate how long you need life insurance for your loved ones (which can include parents). It is better to invest in unit-linked FREE health insurance even though you are already covered by the office.
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