Developing long-term finances is not just about saving money, but about how you organize all aspects of your finances for a more stable and secure future. Many people only realize the importance of financial planning when they are already at a crisis point: when emergency funds are not available, when health is compromised without insurance, or when approaching retirement age but there is no adequate savings.

In fact, with a little discipline and purposeful planning, you can build a more secure future. With that in mind, we will discuss five important steps that you can take starting today to effectively and sustainably structure your long-term finances.

How to Develop Long-Term Finances

1. Set Specific and Realistic Financial Goals

The first step in developing long-term finances is to set clear goals. What are your dreams in the next 5, 10, or even 20 years? For example, buying a house, preparing a child’s education fund, or retiring early. With specific goals, it becomes easier to determine strategies and measure progress.

In long-term financial planning, it is very important to set clear but realistic financial goals. That way, it can help you determine how much nominal needs to be set aside each month so that you can achieve your goals in the next few years.

2. Apply the 30-Days Challenge

If you have a little trouble in planning long-term finances, you can apply the 30-Days Challenge method. This method challenges you in the next 30 days to postpone the purchase of items that are not actually needed. This method is used in order to reduce unstoppable impulsive spending.

After successfully doing it in 30 days, the feeling of wanting to buy the item must have disappeared. This is because you actually don’t really need that item. Well, so what are you waiting for? Let’s apply this 30-day challenge to help you organize effective long-term finances.

3. Create Separate Savings Accounts as Needed

One simple but effective trick in planning long-term finances is to create separate savings accounts for each goal. Do not mix emergency funds, vacation savings, or education funds in one account.

With this separation, you can more easily monitor the progress of each target, and avoid the temptation to use important funds for consumptive purposes. Use the automatic savings or auto debit feature so that you can save consistently without having to think about it every month.

4. Create a Budget and Track Expenses

Without a budget, your money can disappear without a trace. Make a monthly budget that includes all mandatory expenses, wants, savings, and investments. After that, record all expenses regularly to know which items can be saved.

With the discipline of recording, you can find small “leaks” that turn out to be large when collected. This is an important foundation in developing long-term finances that is often overlooked.

5. Invest Early

Saving alone is not enough if you want to fight inflation. For that, you need to start investing. Choose an instrument according to your risk profile and long-term goals, such as digital gold, mutual funds, stocks or bonds.

Investing makes your money grow, not just stay in savings. Especially for beginners, digital gold investment such as in Treasury can be a safe choice because it is easily accessible, stable in value, and can be started with a small nominal.

6. Conduct a Financial Evaluation

Financial conditions change over time, there are so many possibilities that can happen at any time. For example, losing a job to the increasing price of basic necessities. Therefore, in preparing long-term finances it is very important to conduct a financial evaluation.

In doing this evaluation, you can do it monthly or annually. Has your income increased? Are there new needs that must be prioritized? This evaluation will ensure that the steps in preparing long-term finances remain relevant to your life situation and development. Don’t be afraid to change your strategy if necessary

Developing Long-Term Finances with Treasury

The future is unpredictable, but it can be prepared for. With long-term finances in place, you are not only protecting yourself, but also your loved ones. So, start from small steps today before you regret it in the future.

With Treasury, you can start building your long-term finances safely, practically and flexibly. No need to wait until later to start investing with just Rp5,000, you can already own digital gold.

Let’s start building a long-term financial plan with Treasury!