This mother of 3 has a monthly salary of IDR 3.5 million but can pay off a debt of IDR 200 million and buy a house, here's the trick

With a limited income, he lives a simple life.

Brilio.net - Frugal living or a frugal lifestyle is a strategy for managing finances wisely. This concept emphasizes the ability to prioritize needs and control the desire to shop excessively. With consistent application, this lifestyle can help someone achieve long-term financial goals.

One real example of the success of frugal living is the story of a mother with three children who managed to improve her well-being despite having a limited income.

Reported from the TikTok account @selyya14, a mother of three shared her experience in managing her finances with the principle of frugal living. Initially, she only had an income of Rp3.5 million per month, but with careful financial management, she managed to achieve better financial stability.

Thanks to her meticulousness in controlling her spending, this mother was able to own a house and a car. Her story is proof that discipline in managing finances can bring significant changes in life.

photo: TikTok/@selyya14

"A frugal living couple can have a house and a car with a salary of 3.5 million," he said, quoted Monday (2/12).

With limited income, he lives a simple life, while learning to manage his finances more wisely. One of his strategies is to hunt for discounted products, sometimes even getting items for free from online shopping platforms.

This saving strategy is applied to various types of needs, from household needs such as toiletries, to children's school equipment purchased when there are discounts.

"School equipment is always discounted. If you're lucky, it's even free," he added.

He also saves the money that is not spent. In fact, he can add income or other income from selling online. It is said that he sells baby equipment that is marketed online through e-commerce.

photo: TikTok/@selyya14

Meanwhile, for food needs, she prefers to cook at home rather than buy. In addition to being healthier because she buys various vegetables rather than snacks, her finances can also be more controlled.

Luckily, her children are educated in public schools. So, there is not much expenditure for education costs. It is said that her child's school is free and only pays cash of Rp10 thousand.

photo: TikTok/@selyya14

"My child goes to a public school. There are no tuition fees. At most, it's just cash. It's also cheap, only IDR 10 thousand per month," he explained.

Unexpectedly, his frugal life made him live more prosperously. He also managed to realize his dream. In addition to being able to buy his children their favorite toys, he was also able to own a house even though he still had to pay installments for 15 years.

photo: TikTok/@selyya14

"You can still make your child happy by buying their favorite toys. Just pay the down payment for a new house. There are still 15 years of installments left. Let's still be happy," he said.

Not only that, he also managed to buy a car even though it was second hand and paid off a debt of Rp200 million. Because, during the pandemic in order to expand his business, he had tens of millions in debt which increased to Rp200 million.

"The debt is hundreds of millions. Initially it was tens, but because they dug a hole to cover another, it ended up being big," he concluded.

In implementing frugal living, using a financial management application can help record expenses, control budgets, and plan savings more efficiently. Here are some recommended applications:

1. Money Lover

Makes it easier to record daily income and expenses.

Provides budget features and bill payment reminders.

2. Monefy

A simple interface that makes it easy to record finances in seconds.

Can be synchronized with various devices.

3. Wallet by BudgetBakers

It has detailed financial reporting features and visual graphs for financial analysis.

Connect with bank accounts for automatic tracking.

4. My Finances

Suitable for users who want to get financial education.

Has a consultation feature with a professional financial planner.

5. Spendee

Allows users to create multiple budget categories.

Can be used to manage family finances or with a partner.

By using a financial management application, a person can be more disciplined in recording, controlling, and planning finances to be more stable and in accordance with the principles of frugal living.

(brl/far)