The millennial generation is still often labeled as a generation that has a consumptive lifestyle, tends to be extravagant, has difficulty saving, and is still indifferent to investment. In fact, early financial regulation is an important attitude to be applied in order to maintain financial condition stability and fulfill needs both for the present and for the future.
Having wise financial planning can be a consideration for the millennial generation to be able to set the scale of their financial priorities. Moreover, for those who are married and have various monthly bills and needs, such as house renovation, paying installments, children's health and education costs, and other consumptive needs.
In line with that, OK Bank provides three smart steps that millennials can implement to meet their plans and needs more quickly and stay safe in managing finances.
First, understand your financial condition. In essence, we need to know the financial condition we have. By knowing the monthly income received, the total exact expenses as well as the estimated uncertain expenses can be known. Thus, we can allocate funds to cover it. In addition, by understanding the condition of cash flows, all expenses can be recorded with greater precision, what expenses are important to expenses that are actually less important, and what can be saved or tend to need to be added.
Second, set aside income for savings. When you know your finances, the next step is to set aside 5-10% of your total income for savings. With this step, a person can have preparations when there are unexpected expenses in the future, such as sudden house renovation costs, vehicle repair costs, medical expenses and much more.
Third, access other sources of funds to meet daily needs. After having an orderly financial division, one can easily determine priorities in meeting needs. Understanding the financial capacity that we have also provides an advantage, where we become more flexible in considering options for additional sources of funds. Accessing other sources of additional funding allows us to be able to carry out plans more quickly without having to think too much or procrastinate.
In line with that, OK Bank noted, many agencies offer various access to fast, secure additional funds and competitive interest rates to support people's daily planning and needs. OK Banks don't want to be left behind. This South Korean bank offers its newest program, Me Too, which gives the public easy access to get loans of up to Rp. 20 million.
“Me Too is the newest product from OK Bank which is currently valid for customers in the Greater Jakarta area. Me Too is available for those who need additional access to funds to meet their daily needs when money is tight in their wallets, such as paying monthly installments, renovation costs, health, education and others. Me Too can also be an alternative choice when people want to reach their plans without worrying or procrastinating," said Hardiansyah Ramadhan, . head department retail , OK Sunday (19/6/2022)
Me Too, he said, comes with very simple requirements, namely, it is enough to attach a personal identity card (KTP) and a second vaccine proof reference. Customers who want to make an application also do not need to go through the BPJS membership checking process. This program is valid and can be accessed by those who have credit cards or KTA at banks, such as BCA, BNI, BRI, Mandiri, Danamon, Panin, DBS, UOB, CIMB, Maybank, BTPN, OCBC and Permata.
“The loan application process is also fast, only five minutes, and disbursement takes one working day, if the documents included are complete and appropriate. This easy, safe and convenient way is our commitment in presenting banking programs to the public. It is hoped that in the future, OK Bank can continue to be the best solution in responding to the financial needs of the people in Indonesia," concluded Hardiansyah.
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