Jakarta, CNBC Indonesia – The DKI Jakarta Provincial Minimum Wage (UMP) in 2024 will increase by 3.6% from the previous IDR 4.9 million to IDR 5,067,381. Do you think this amount is enough?
The size of a salary certainly depends on the lifestyle and expenses of the person concerned. Some say it is enough, while there are also those who think the amount is very low.
For those of you whose salary is IDR 5 million or whose amount is not too far from the DKI UMP, here are things you can do to keep your finances healthy.
Control your desires
Everyone certainly has different desires because what they like is also different.
There is nothing wrong with saving or using the money we have for things we like as long as it is in proportion.
Just allocate a maximum of 10% of your monthly salary to buy or do things you like. So that in the future, you can return to your enthusiasm for work.
Have an emergency fund
Record your expenses in as much detail as possible to find out how much you spend in a month. And start saving an emergency fund every month with 10% of your income until you have accumulated money equivalent to up to six times your monthly expenses.
For those of you who are single, an emergency fund equivalent to three times your monthly expenses is certainly sufficient. However, for those of you who are married, provide a minimum of six monthly expenses.
Make sure BPJS Health membership is active
With BPJS Health, you will not spend money if you have to undergo treatment, whether outpatient or inpatient.
Make sure your workplace always pays your BPJS Health contributions, because if not, you won’t be able to use the free medical treatment facilities.
So what’s up with insurance? Should people with a minimum wage need to buy health insurance?
Considering that his income is still relatively mediocre, health insurance is not mandatory as long as he has BPJS. Just allocate your funds for the things below.
Neck up investments and long term investments
If you really want a job with a better salary, then know that you won’t be able to get it until you are willing to develop your skills and work skills.
The best investment is actually an investment in yourself. Seek as much knowledge as possible so that you can gain new skills that will support your performance in the world of work.
And focus your investment in long-term financial instruments first. Call it like a pension fund.
No need to worry about postponing short-term desires in order to get optimal results in the future.