1. Have Financial Goals
Having financial goals is important to have early on so that teachers can plan their finances and start managing their income better and more directed towards achieving financial goals in the future, for example having a pension fund or buying assets (houses or land). Therefore, set financial goals early on. Because, knowing financial goals, this can make teachers more careful in managing finances by limiting unnecessary expenses according to a priority scale for financial goals.
2. Manage Salary Wisely
A teacher’s salary can vary widely because it can be influenced by several factors such as employee rank, competence, educator certification, performance appraisal, work experience and other factors. Regardless of the amount of salary income received, the most important thing is how to manage the salary wisely. Therefore, recording expenses and income and compiling a monthly budget is important in order to be able to manage salaries wisely.
3. Saving and investing
In order to have a good financial condition, start setting aside income for saving or investing as early as possible. Avoid spending your salary uncontrollably in accordance with the budget plan that has been made and start saving and investing even from receiving your first salary. If you who also work as a teacher have not done this, then you can start now so you can create a prosperous life in retirement. In the current digital era, it is very easy for people to obtain financial literacy materials as long as they are connected to the internet network, including those related to financial information, you can access them through the minisite attitudeiuangmu.ojk.go.id. However, in investing, of course, teachers need to make sure in advance that the financial service institution used is registered and supervised by the OJK.
4. Increase Income
To increase financial strength, in addition to relying on salaries, teachers can also increase their source of income by looking for additional work such as providing additional private lessons outside of lessons, opening a side business or other additional work. By having additional income, this can strengthen financial conditions and accelerate efforts to achieve financial goals.