8 Ways to Manage a Monthly Salary of 3 Million for Boarding School Children
Hello friends, those of you who already have permanent jobs should be very grateful even though your salary is not yet at the minimum wage standard. Because, there are still many people out there who complain and despair because they haven’t been able to produce anything.
Talking about boarding house children, of course not everyone knows how bitter and sweet it is to go through and what’s more, the needs are their own responsibility. But if you know how to manage your finances then you will definitely be fine.
A salary of 3 million per month does sound very good. But a salary of that size will have little value if you live in a boarding house. Even one of my friends said he couldn’t save 1 million per month.
How come? That’s because you don’t know how to manage your finances well for your own future. Therefore, Digitalkit has 8 tips on how to manage a salary of three million for a boarding house child so that it is enough for needs and savings.
8 Ways to Manage Monthly Salaries for Boarding School Children
The three methods that we have proposed require a strong mentality, such as needing patience, saving money, studying in moderation and not liking to waste money. Come on, read it carefully and apply the recommendations from now on!
1. Look for the cheapest but safest boarding room
We recommend looking for the cheapest boarding house if your goal is just to sleep overnight after coming home from work. We still found lots of cheap boarding houses, especially in the Makassar area, around 400k – 500k per month.
The most important thing is that you can sleep, shower, defecate and wash clothes, which is enough for your needs while living in the room. Boarding rooms priced at 800k – 1 million do have complete facilities such as mattresses, 24 hour WIFI, television, AC and others. But that’s the same as wasting money that doesn’t have to be enjoyed with a mediocre salary.
So this is our first tip which is not to prioritize prestige but to adjust your basic needs when choosing a bedroom boarding house.
2. Eat a lot but cheap!
There is no need to ask about eating anymore. But as a boarding house student, you must know how to make a list of food expenses so that your hard work doesn’t become like “digging a hole and closing a hole.” Imagine if you spend money on food irregularly, you could end up spending more than your existing salary.
There are 2 methods for managing your food money from us that you can choose from: eating “ready-made food” but cheap or eating cheap but making it yourself in the kitchen!
- Ready Food But Cheap! Many sellers on the side of the road sell packaged rice priced at 5k – 10k, lots of side dishes + jumbo portions. You can buy two portions for day & night, and in the morning it’s delicious to eat cake and steep tea before going to work. This economical method assumes that approximately 800 thousand is enough for 1 month.
- Homemade Food! This method is said to be very economical because you only need to buy basic necessities such as rice, vegetables, fish and tempeh to cook once and can be eaten for 2 days and one night with capital of approximately 30k.
3. Save electricity as needed
We recommend using tools according to your needs. As a boarding house student, you don’t have to use a refrigerator, large fan and TV. If your electricity needs are only for cooking the rice cooker and charging your cellphone, then just a 10k voucher is enough for a month.
4. Transportation Money
Generally, everyone needs a vehicle to go to work. If you want to save money, we suggest looking for a boarding house that is close to your place of work so you can use petrol for several days. Even if you are lucky with a boarding house that is 100-300 meters away, it is better to walk.
If the distance is approximately 4 kilometers, we recommend that you never use an online motorbike taxi because it is very expensive. Use a petrol-efficient vehicle so that the petrol can be used for 3-4 days. Assuming your expenses are approximately 80 thousand a month.
5. Saves on the need for toiletries
Did you know that one body wash for one person can be used for 1 month. According to experts from Halodoc sources, it is recommended to shampoo your hair 2-3 times a week. If averaged, expenses can be approximately 25 thousand a month.
6. Take into account other expenses!
Many needs include other expenses for each person such as medicine, snacks, hair oil and facial washing soap. The following are things that are recommended to take into account while still saving!
- Perfume! Use cheap perfume because there are lots of them on the market for 15k – 25k for 2 – 3 months of use. There is no need to buy perfume costing hundreds to millions because many cheap perfumes smell very good like expensive perfumes in general.
- Internet Packages! Choose an internet package that is cheap according to your work and family needs. We recommend the Indosat card with the cheapest package with 50k – 70k, you can get 25GB – 40GB monthly internet quota.
- Haircut! Nowadays it’s viral that you pay 300 thousand for one haircut. Imagine if you shave your hair once every two months, the total is up to 1.8 million compared to 15 thousand but the quality is not much different.
- Accessories and Clothing! As a boarding house student, it is not so important to wear watch accessories that cost millions and clothes that are too expensive. Because, if you are used to buying expensive things every payday, I’m sure it will be difficult to set aside a million a month.
7. Don’t smoke
Don’t try smoking if you are curious, because smoking can be addictive. Imagine if you smoke 1 pack 2 days with 40 thousand cigarettes a month then your expenses could reach 600 thousand. Not to mention money for food, room rental, petrol and other necessities.
If it has already happened and it is difficult to stop smoking, try calling the “QUIT LINE TO QUIT SMOKING” 0-800-177-6565 or replace it with cheap cigarettes.
8. Don’t Play Online Slot Gambling!
This last tip is not only for boarding school children but for everyone who is addicted to online gambling. Online gambling actually steals all your wealth secretly because of the effects of addiction and the hope of always winning at bets. Even though it is a fact from the news that online gambling has been arranged in such a way by the bookies so that members always lose. So, we suggest do not approach gambling games.
Assumptions/Expenditure Estimates
1. Boarding room rental = 500,000/month
2. Meal allowance = 800,000/month
3. Electricity Voucher = 10,000/month
4. Transportation money = 80,000/month
5. Toiletries = 25,000/month
6. Other needs = 300,000/month
7. Emergency Fund = 200,000/month
Conclusion
Spending 1.9 million a month from these digitalkit tips allows you to save 1 million per month. Once again, this tip requires struggle and patience to resist the urge for all the needs that are not so important while working while staying at the boarding house.
That’s it for this article and if it’s still not enough, please add it in the comments column & if it’s useful, please share it on your social media!