Jakarta, CNBC Indonesia – News regarding data from the Central Statistics Agency regarding 10 million young people who have no activities or youth not in education, employment, and training (NEET) is attracting quite a lot of attention. Apart from that, news regarding the cost of the Single Tuition Fee (UKT) is always increasing.
The Directorate General of Higher Education, Research and Technology of the Ministry of Education and Culture also said that quite a few Gen Z young people are unemployed because they are tired of their job applications being continuously rejected.
When someone has been a NEET for one year or three years, this will cause mental pressure which results in a decrease in self-confidence to continue applying for jobs.
Of course, this could result in new problems when they finally join the workforce. Poor motivation can certainly affect the continuation of their career in the future, and when they have children, it is not impossible that they will find it difficult to deal with inflation in their child's education costs.
For those of you who already have children, of course you don't want your children to have difficulty getting a higher education because of their parents' financial conditions, as well as becoming unemployed in the future. Therefore, do these four things right now.
Encourage children to learn financial planning
Financial planning is something that is not taught in school, but it can certainly help someone understand their life goals both in the short and long term. Starting from how they prepare themselves to enter each stage of life to developing wealth.
By understanding financial planning, your child will be able to draw a picture of your plans for the future.
Emphasize them to continue to upgrade their knowledge
Receiving income is certainly not limited to being an employee at a company and receiving a salary, holiday allowances and bonuses from the workplace. Income can be obtained from various things, such as business or freelance work.
However, to be able to get this, someone must have sufficient knowledge to be able to compete.
Encourage your child to expand their skills into various fields, so that they can take advantage of all the opportunities that exist in the future.
Teach to distinguish between needs and desires
It's not wrong to let them spend their money on something they want. However, also remind him that there are necessary things that must be purchased so that he can be more responsible.
Remind them not to spend all the money, and allocate some of it to buy what they need.
Plan educational costs for him as early as possible
Children's education costs will indeed experience inflation every year. It's a big mistake if you don't anticipate this as early as possible, before your child enters school.
Ideally, parents should start collecting funds for their child's education when the child is born. However, each person's financial understanding is certainly different, as is the financial burden they carry.
However, it is never too late to plan regarding children's education costs.
It's a good idea to find out by asking directly to the university concerned or to relatives.
If your child is 10 years old now, then it is likely that in seven or eight years you will have enough money to send him to college. Therefore, you have seven to eight years to save.
By knowing the time period for investing or saving, you can determine what investment instruments should be used.
The longer the investment period, the more flexible the choice of instruments. Meanwhile, the shorter the time period, the more advisable it is for you to choose instruments with low risk.
[Gambas:Video CNBC]
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