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Coba Cek 4 Rasio Keuangan Pribadi Kamu!
Published on 13 Sep 2021
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Coba Cek 4 Rasio Keuangan Pribadi Kamu!
Have you heard of Financial Ratios? Financial Ratios are comparisons of financial statements in order to determine certain financial conditions.
According to Kasmir, financial ratios are activities that compare the numbers in the financial statements. Comparisons can be made between one component and a component in one financial statement or between components that exist between financial statements. Then, the compared numbers can be numbers in one period or several periods."[1]
And it turns out, financial ratios are not only used to measure a company's finances. Financial ratios can also be used to measure the level of one's personal financial health as well.
Usually in a financial checkup we analyze our financial ratios to determine whether our current finances are healthy or not.
This time let's discuss together some financial ratios that can be used to check your personal finances!
1. Liquidity Ratio
Liquidity ratio is a ratio used to measure how much liquid assets compared to monthly expenses and the overall assets you have.
And liquid assets are assets that are easily liquidated if we need cash at any time. Some examples of liquid assets are savings, mutual funds, and precious metals.
The ideal liquidity ratio is 3-6 months of monthly expenses. For example, if your monthly expenses are 3 million rupiah, then the total liquid assets you should have are around 9-18 million rupiah.
2. Debt Ratio
Debt ratio is a comparison between the debt you have and your income in a certain period of time.
Healthy finances usually have a debt ratio of no more than 30% of income. For example, if you have a mortgage and vehicle installment totaling Rp5,000,000 per month, while your monthly income is Rp15,000,000. Then your current debt ratio is 30%, which is the maximum.
Our advice, if it's 30% like the case above, don't take on more debt until you pay off one of the installments, or if your income has increased.
This debt ratio is very important to maintain your financial condition. If the debt ratio is more than 30%, then it is feared that later you will have difficulty paying your debt.
When the debt ratio is too large, it will also interfere with the budget for you and your family's needs, and even make you have difficulties in the future.
3. Saving Ratio
The saving ratio is the ratio between the amount of savings to total income. Usually in making financial planning, the ideal savings ratio is 10%-20% of total income.
For example, if you earn 10 million per month, then at least you have to save 1-2 million per month.
Try to save at the beginning of the month, when you first get a salary. So, please save before spending the money on your daily needs.
4. Investment Ratio
The investment ratio is measured by comparing the amount of money invested with the total income.
The higher the investment ratio, the better your financial health. Although actually, this investment ratio is a little difficult to achieve for beginners because usually investments are made after all needs have been met.
In investing itself, you need more knowledge in risk management, choosing investment instruments, determining the amount of investment, and others. Don't let yourself forget about other basic needs just because of investing.
So those are the four financial ratios that you can use in checking your financial condition. Try checking now, is your financial condition healthy or having trouble?
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