Why You Must Make a Financial Plan

"I want to buy a house"
"I want to buy a car"
"I want to vacation in Japan"
"I want to open my own business"
"want this, want it ..."

If you ever say one of the above sentences even silently, I'm sure you have to read my post until it's finished. Humans are destined to get the desire aka WANT, and have the opportunity to make it happen. Often we are trapped in the sense that WANT is not important, so our income can run out every month.

Why you must make a financial plan
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The financial plan (financial plan) is a new term for most Indonesians people. What is a financial plan? Why does someone need to have or make a financial plan? Financial planning is a process where an individual tries to fulfill his financial goals through the development and implementation of a comprehensive financial plan.

Why you must make a financial plan
Source: pixabay.com

 The financial plan book contains profiles of people and their partners (demographics, family conditions, etc.), financial health conditions, income statements, balance sheets, insurance needs, investment needs to meet financial goals.

 From that definition, financial planning is conceptually an activity consisting of several elements. That is, if someone can proudly say "Yes, I am doing financial planning now", then he must have the following things:
* There must be financial goals to be achieved 
* There must be a period or period to fulfill that goal
* There must be a clear and practical action plan to do 
* There must be resources that can be used to run an action plan 
* There must be a number of risk factors associated with the choice of resources

If there is only one element missing, then the concept of financial planning is gone or failed.

Why you must make a financial plan
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Where Should You Start? NOW!

If all this time you actually already know and already understand about Financial Planning then now is the best time to apply it. For those of you who don't understand, now is the right time to learn about this Financial Planning. Here's the first step you can take to get started:

 1. Do Financial Check Up
As with your vehicle, which is must be routinely checked, y
our finances must also be checked regularly too. Make a detailed record of income and expenses so you can analyze the position of your income and expenses including the amount of assets and debts you have. Healthy cashflow is a positive cashflow that is your income is greater than your expenses, the assets you have are greater than your outstanding debt. Do this regularly so that you will have a habit of controlling your financial situation. Do not let you experience the saying "Big pegs rather than poles".

 2. Set Your Life Goals and Financial Objectives
Set financial goals, namely to set the ideals of your life needs. Share those goals in short-term (<3 years), mid-term (3-5 years) and long-term (> 5 years) goals. An example of a long-term goal is to prepare college education funds for children. By determining your financial goals like this, it will make it easier for you to set priorities for financial needs and make it easier for you to find the right investment instrument to meet these target goals.

 3. Discipline
The key to the success of Financial Planning is discipline in carrying out all financial plans that have been prepared and disciplines in lifestyle that reflect your financial health condition. You who have understood the importance of Financial Planning will not be worried if you do not follow a certain trend which costs do not match your cashflow.

Financial Planning is the first step so that your entire financial plan can be achieved optimally. Be wise in planning a cause like the saying "failing to plan is like planning failure".

Why you must make a financial plan
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The financial planner will make a plan to protect you and your family from financial losses that may occur when one of the family financial risks occurs. Five family risks are loss of work, injury, illness, death and lawsuits.

Funding children's education costs.
In your opinion, how much the cost of university, when your child enters college? Do you have a strategy to finance your child's education?

Financial planners will help you prepare for your children's education funding. In conducting financial planning for children's education funds, financial planners will pay attention to all aspects, such as the risks that may occur, the right investment strategy, and other factors.
 
Why you must make a financial plan
Source: pixabay.com

 Don't forget to pay consumer debt and manage debt.
Do you think credit card debt, electronic installments burden your family's financial condition? Are you having trouble managing existing consumer debt?
Financial planners will help you solve your consumer debt problems. Debt is generally divided into two types, namely productive debt and consumer debt. Financial planners will help you manage your debt, both productive debt and consumer debt.

Why you must make a financial plan
Source: pixabay.com

Protection against family financial risks.

Usually financial planners will discuss with their clients about the client's current financial condition. Then the data is processed to get a picture of the health condition of the family finances.

Family financial health reports, known as financial health checks, can be used as one of the bases for improving family financial posts that are considered less than ideal. What is a family financial risk? Let's think, if someone who is a pillar of someone's family dies, what about the economic life of a family that is left behind?

Preparing for old age funds
In your opinion, what are the conditions for the past that you want to run? Do you want to enjoy life and no longer work because you are looking for money? Financial planners will help their clients to calculate old-age fund needs and strategies to meet old-age funds. Steps taken include preparing the funds needed for old age or preparing passive income for old age funds.

Forward wealth to the next generation
What do you think you expect from your wealth? How do you transfer your wealth to your children?
A financial planner will make inheritance strategies for the next generation with various considerations. Many problems occur when inheritance distribution, such as large inheritance taxes, this deduction for assets to be inherited, funds cannot be inherited due to lack of conditions and others. The financial plan will prepare a strategy so that inheritance can be carried out smoothly without significant problems.

 
Source: pixabay.com

Retained death benefit for children

Usually the financial planner will advise us to take life insurance, so if it happens to be one with a husband or wife who is a pillar of the family, children will get retained death benefit that will not interfere with their future.

All you have to understand is financial planning is a process that never stops aka always sustainable. Life is like a wheel that continues to rotate as well as a financial planning process. This is because the financial situation of a person or a family will always change in line with changes in financial needs, economic conditions, and stages of life.

The name of the plan certainly will not guarantee 100% success. But, without a plan, I am sure that success will be increasingly difficult to obtain. Because you don't know exactly when you will get sick, when you will stop working, and also about the age of life in the world, financial planning is a guide that can help you.

So do you understand the importance of planning family finances for a better future? Don't forget to be consistent and not easily tempted by unimportant desires. Good luck with your financial planning and dont forget to Live a Beautiful Life!

Bye bye now 😊
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32 comments

  1. Harus ya mbaa, plan. Orang udah plan aja suka mleset akuuu hehe. Gimana nggak pake plan 😁

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  2. nah menarik nih kak hehehe... memang sih kita harus punya yg namanya financial plan.

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    1. iya biar nggak mengalir trus pas kena musibah (amit2) kayak hilang arah gitu :(

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  3. Emang penting sih financial plan tp kadang bikinnya susah hahaha

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    1. seenggaknya kan kita berusaha hahahaa tp kl kata financial planner tu kita harus punya tabungan 20x biaya hidup sebulan :( kapan ke kumpulnya, makanya aku mah nabung aja, at least berusaha drpd nggak sama sekali

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  4. Setuju banget! Financial plan emang penting banget ya, harus dibiasakan sejak dini juga, biar pola keuangan lebih teratur dan jelas juga uangnya digunakan untuk apa aja.

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    1. apalagi beauty blogger kayak kita yang di tuntut selalu update dengan produk terbaru ya :(

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  5. Nah ini dia masalahnya kak. Selama aku masih single happy, aku gak punya financial plan. Hahaha paling stres kalau udah lihat diskonan skin care. Pasti langsung beli. Tapi kalau udah tinggal maribu maratus, hemat deh aku 🤣

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    Replies
    1. itu resiko pekerjaan kita ya harus update sama produk terbaru :( tapi kalau masih single harusnya bisa lah sisihkan sedikit2 :)

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  6. Wajib nih hukumnya, mulai belajar cara mengatur keungan pribadi sejak dini..

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    1. bener, sedikit-sedikit belajar nabung sejak dini walau aslinya susah banget mencapai target yang diinginkan :)

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  7. Penting banget ya financial plan gini ci. Dan yg pasti harus disiplin ya~♡

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    1. iya, berat awalnya tapi kl disiplin pasti bisa, kita mulai dari nominal yang ga terlalu besar dulu biasanya

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  8. penting banget nih financial plan aku jg udah mulai mikir kesitu, btw artikelnya informatif banget kak huhu seneng bacanya jadi terinspirasi

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    Replies
    1. harus mulai walau awalnya susah :) demi masa depan hahahaa yuk nabung bareng

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  9. wajib mulai dini untuk mengatur keuangan apalagikan kita bakal juga jadi emak-emak

    ReplyDelete
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    1. Mengatur keuangan bukan cuma buat emak-emak loh 🤣 justru kalau sejak muda sudah punya financial planner, saat berkeluarga akan lebih mudah karena sudah punya “modal”

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  10. Penting banget dong ya mba. Agar hidup juga lebih tertata dan ga kelimpungan disaat ada kebutuhan urgent dan mendadak.

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    1. Bener banget mba, intinya financial planner ya itu,mempersiapkan keuangan kita saat mendadak ada kebutuhan urgent, jadi nggak sampe mempengaruhi kehidupan sedemikian besar efeknya.

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  11. duh tergetok daku...kalau enggak liat postingan kayak gini suka lupa tentang plan financial ce, habis ini auto liat info info tentang keuangan lah, penting emang buat yg udah berumah tangga...

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    1. Iya vi, pernah dengar berita anak artis yang sampai putus sekolah saat ibunya sakit? Nah finanvial planner gunanya mempersiapkan diri dari hal tidak terduga seperti itu ☺️

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  12. Beneran deh kalau gak punya finalcial plan kalau butuh dana dadakan bikin kelabakan. kalau sudah diplan kan tenang.

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    1. tapi proses mengumpulkan dananya ga semudah membalik telapak tangan mba, banyak yang gagal di tengah jalan :) saya termasuk salah satunya, tapi sekarang saya tetap menabung walau sedikit

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  13. Cocok banget nih buat bacaan aku sebelum nikah

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    1. aku dulu nggak ngerti beginian :( alhasil pas nikah struggle banget, puji Tuhan sekarang udah mulai membaik dan ga struggle lagi heheheee

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  14. Full English, aku rada ngerti rada enggak nih

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    Replies
    1. hehehee maafkan lain kali aku bikin dalam bahasa indonesia deh ya :)

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  15. iya bener banget nih, aku harus mulai perencanaan, pengen main forex masih atut :(

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    Replies
    1. forex sih aku juga takut ya karena emang aku ga paham hehehee aku sih lebih ke tabungan, deposito sama LM

      Delete

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