UNS — Students of Communication Science Study Program, Faculty of Social and Political Sciences (FISIP) Universitas Sebelas Maret (UNS) Surakarta hosted a Webinar on Cuap Financial & Entrepreneurship (CAFE) on Saturday (5/6/2021). The webinar was available through the Zoom Cloud Meeting. The CAFE Webinar aims to be a source of financial education for the public by presenting material on ‘Financial Planning to Start Business.’ High enthusiasm from participants was proved with the number of attending participants totaling 250 people.
CAFE Webinar was led by a student of the UNS Communication Science Study Program, Rahajeng Kartika Wungu, as the moderator. Meanwhile, Fatih Hadiwarsa dan Shresta Purnamasari, S.E., M.Sc., were attending as the speakers for the event.
As the founder of @olehrestuibu, Fatih Hadiwarsa, shares his experience in building a business during his university study. According to him, to establish a business, someone needs to prepare several aspects such as unwavering spirit, competency, portfolio, appropriate equipment, networking, and management skill.
Meanwhile, Shresta Purnamasari reveals that to start a business, entrepreneurs must have financial planning. As a lecture in Universitas Katolik Soegijapranata and alumnus of Management Study Program UNS, Shresta, stresses that financial planning is crucial and needs to be established as soon as possible. “Financial planning needs to be established immediately, no matter how much we earn,” Shresta said.
To start the planning, Shresta shares tips for using personal income wisely. The tips for financial planning consist of four aspects, namely, budgeting, financial goals, Trade-off between risk and return, and investing. Budgeting is the first step in starting financial planning. Through budgeting, a person’s income or revenue can be allocated properly. Shresta also shares the budgeting formula that consists of consumption budget and saving, which includes emergency funds and investment.
“Budgeting can use the 70 : 30 rules. This rule refers to the percentage of revenue allocated for consumption and saving, respectively. However, others can use different curves, depends on their condition and situation,” she explains.
Following budgeting, the next step is to establish financial goals. Financial goals are the objectives to be achieved in the future and are expressed based on the currency value. Shresta analogizes financial goals as one’s life goals. When someone has a life objective, then their life will flow like water. The next thing to consider is the trade-off between risk and return. This knowledge is a must when someone is planning to invest their fund. “Greater risk will bring higher profit. On the other hand, the lower the risk, the lower the profit,” Shresta adds.
After understanding the trade-off between risk and return, the next step is to start investing. One aspect to consider in choosing an investment is the maturity period. “Investment is different from trading. Trading is a direct transaction with a direct return. While investment takes time to earn the return,” Shresta explains.
Some types of investment with low risk to high risk are saving, savings, time deposits, money markets such as bonds, mutual funds, and stocks. “ If you wish to be successful in investing, you need to be discipline and some time to learn,” Shresta concluded. Humas UNS
Reporter: Alinda Hardiantoro
Editor: Dwi Hastuti