Treasury friends who have entered the age of 20-30 must be facing a quarter life crisis phase. But do you know what is quarter life crisis and how to deal with quarter life crisis?
What is Quarter Life Crisis
A quarter life crisis is a phase when a person in their 20s to early 30s feels confused, anxious, or uncertain about the direction of their life. This phase is often triggered by social pressure, high expectations, and comparisons with other people’s achievements. Many feel like they haven’t achieved what they want, whether in their career, finances or personal relationships.
At this age, people begin to question their life choices: is the career they’ve taken the right path? Are finances stable enough? What about relationships and social life? All these questions can lead to stress and uncertainty.
However, as scary as it may sound, facing a quarter life crisis can actually be an important moment of reflection. It’s a good time to re-evaluate your life goals and strategize to be better prepared for the future, including by managing your finances more wisely.
Facing Quarter Life Crisis with Wise Finances
1. Create a Clear Financial Budget
The first step in dealing with a quarter life crisis is to organize your finances by knowing your income and expenses in detail. Make a monthly budget to ensure that expenses do not exceed income.
Start by recording all sources of income, whether salary, side income, or bonuses. Next, make a list of fixed expenses such as rent, electricity, transportation, and daily necessities.
Set spending limits for each category to keep the budget under control. By being disciplined in following the budget, you can avoid unnecessary expenses and more easily achieve financial stability.
2. Reduce Spree Lifestyle
One of the main causes of financial problems in your 20s is excessive lifestyle. Social media often makes us want to follow trends without considering our financial condition. Learn to differentiate between needs and wants so that you are not prepared for a quarter life crisis.
In addition, making a habit of postponing purchases is a powerful way to deal with quarter life crisis. If you want something, try to wait a few days before deciding to buy it. Sometimes, the desire is only temporary.
3. Add a Source of Income
Facing a quarter life crisis in the digital age, there are many ways to earn extra income. You can try freelance work, online business, or small investments. Don’t just rely on one source of income, because having several sources of income can provide better financial stability.
If you have skills in graphic design, writing, translation, or programming, try looking for freelance projects through platforms like Fiverr or Upwork.
Increasing your sources of income will help you improve your financial stability and give you more flexibility in achieving your financial goals.
4. Preparing an Emergency Fund
When facing a quarter life crisis, uncertainty is often a major source of anxiety. Financial security can provide peace of mind, and one of the best ways to achieve this is by building an emergency fund.
An emergency fund serves as a financial safety net in case of unexpected events, such as job loss, sudden medical needs, or other emergency situations that can destabilize your finances.
5. Dare to Start Investing
After successfully building an emergency fund, it’s time for you to dare to invest. Many people put off investing because they feel they don’t have enough money or are afraid of risk. In fact, investment is one of the best ways to develop financially and achieve long-term financial goals.
You can start investing in various investment instruments that suit your financial goals. The sooner you start investing, the easier it will be to deal with quarter life crisis.
Quarter life crisis can indeed be a phase full of uncertainty, especially in terms of finances. However, by managing finances wisely starting from making a budget, reducing consumptive lifestyles, to daring to invest, you can be better prepared to face challenges in your 20s and achieve financial stability.
One investment option that is safe and suitable for beginners is digital gold. With a value that tends to stabilize and increase in the long run, gold can be the right solution to face financial uncertainty. At Treasury, you can start investing in digital gold easily and safely, even with a small capital!
Come on, what are you waiting for, start investing in digital gold at Treasury! face quarter life crisis with Treasury!
