(To Quoc) - Some young people plan to spend a lot of money during Tet this year. However, many people are worried that they won't have enough money to spend during Tet because their income is unstable.
This year, Lunar New Year comes earlier than previous years, quite close to the New Year. Many young people have to "run deadlines" and worry about preparing for Tet. On the other hand, young people's worries do not only stop at the story of lack of time to prepare for Tet but also in the financial aspect.
2022 is a year of many fluctuations in the economy, especially the "price storm". "Salary has not increased or even decreased due to the company's revenue decreasing, while the prices of essential goods have increased rapidly. I feel pressured when thinking about Tet because my income this year is quite unstable", Hoang Nhi (24 years old, office worker) shared. Young people are also the most affected force because they have just graduated and their income is not stable.
Worried that Tet bonus is not enough for shopping and lucky money
Thu Thao (22 years old) has just graduated from school and officially joined the "ranks" of giving lucky money. However, because she has only been working officially for half a year and her Tet bonus is only half a month's salary, she is very worried about her Tet expenses.
“This year, prices have increased, and I have just started working and am trying to be financially independent. However, with a monthly salary of 8 million, I can hardly save in the current price storm. Not to mention, preparing for Tet is also difficult." She shared that because she had just started working, her parents did not put too much pressure on her about gifts or lucky money. However, she also wanted to buy gifts and support her family during Tet when she officially started working.
Moreover, she also has to give lucky money to her grandchildren. "This is a mandatory expense, it cannot be cut down. I have to use all my December income, set aside a portion to cover the Tet shopping expenses."
Illustration photo - Pexels
Like Thu Thao, Manh Tien (25 years old, office worker) was quite depressed and worried when preparing to plan his spending for Tet. According to him, partly because Tet came quite early this year, and at the same time, the company's business was not good, so he decided to transfer the 13th month salary to pay after Tet.
He decided not to buy new clothes for Tet and just wear the clothes he already had. Besides, he usually sends 15 million to help his parents cover Tet expenses. However, this year Manh Tien decided to only give 10 million because his income this year has decreased.
“I also want to support my family more, but my personal financial situation is still unstable. Therefore, I decided to cut down on expenses, especially unnecessary ones like decorating the house or buying new clothes for the year-end company party."
Illustration photo - Pexels
However, there are still young people who spend a lot of money on Tet thanks to their many sources of income.
Unlike Thu Thao or Manh Tien, Hoai Linh (24 years old, office worker) decided to spend Tet more comfortably because his income this year has increased significantly compared to previous years. His salary from office work has not changed, but in 2022, Hoai Linh has started to have a passive income from investments.
“People often say that the market is not good this year, but I see that there are still opportunities for everyone. It may not be as profitable as previous years, but it is completely possible to have a higher interest rate than savings interest rates." Due to her diversified income, Hoai Linh has a fairly solid financial foundation despite having to go through a period of unstable prices. She also supports her parents in shopping quite comfortably.
In addition, during market periods, especially periods of market volatility, investors who regularly buy stocks over a period of time will help accumulate and improve investment efficiency through price averaging, bringing in a better price than the market price. Along with that, automatic periodic investment is also an ideal solution for new investors to avoid the influence of psychological effects, establishing long-term and sustainable investment habits.
At this time, Hoai Linh is using KB Buddy, a newly launched stock investment application of KB Securities Vietnam, to invest. KB Buddy integrates the unprecedented feature of placing periodic stock purchase orders on the market. This feature allows users to systematically place investment orders within a predetermined period of time. KB Buddy will automatically push stock purchase orders according to the value set by the investor and the frequency chosen by the investor such as daily, weekly or monthly.
Illustration photo - Freepik
Sharing the same opinion with Hoai Linh, Ngoc Thao (26 years old) has also diversified her income sources for more than 2 years through investment and business outside of her main job as a media worker. She shared that from the time of Covid-19 until the period of price storms like 2022, Ngoc Thao was quite comfortable with spending, especially during Tet.
“If this source of income is reduced, there will still be cash flow from other jobs to compensate, so overall my finances are quite stable. This year, I plan to buy my parents 2 taels of gold as a Tet gift. At the same time, I will reward myself with a new laptop on the occasion of Lunar New Year."
Source: https://giadinh.suckhoedoisong.vn/thoai-mai-chi-tieu-tet-nho-nguon-thu-nhap-thu-dong-172250109150334257.htm
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