The presence of a teacher has unquestionably a significant and priceless impact on the course of our lives. We all know that being a teacher is a noble and not an arbitrary career choice. As an educator and mentor, teachers play a critical role in educating and shaping the character of their students, who will later become the next generation of the nation. As a result, we can conclude that the term “teacher” is a hero. Let us pray for the well-being of the teachers who have enriched our lives on this National Teacher’s Day.

There is no doubt that you desire a financially secure future, don’t you? All of us, including teachers, would like to see that happen. Teachers, therefore, need to know how to handle their finances. Teachers, of course, need to learn how to manage their finances early on so that they don’t run into financial difficulties when they reach retirement age.


1. In order to achieve your financial goals, you must first have an idea of what you

It is important for teachers to set financial goals early on in order to plan their finances and begin managing their income in a way that is more focused on achieving financial goals in the future, such as having a pension fund or purchasing assets (houses or land). Therefore, it is important to set financial goals at an early stage of your life. Teachers who have a clear understanding of their financial objectives are more likely to exercise greater restraint when it comes to spending money, which can lead to better financial management.

2. Make Strategic Use of Payroll Funds

Several factors, such as a teacher’s rank, proficiency level, certification, performance evaluation, and other aspects all play a role in determining the salary of a teacher. No matter how much money you make, the most important thing is to know how to spend it wisely. As a result, it is critical to keep track of expenses and income, and compile a monthly budget, in order to manage salaries effectively.

3. Investing and setting aside money

The sooner you start saving or investing, the better your financial situation will be. Save and invest from the moment you receive your first paycheck to keep your expenses under control and to help you stick to the budget you’ve set. In the event that you are a teacher and haven’t done this, now is the time to get started. The minisite provides access to a wide range of financial literacy materials, including those related to financial information, as long as you have an internet connection. Of course, teachers need to make sure that the financial service institution they use is registered and supervised by the OJK before they begin teaching students about investing.

4. Boost Your Income

Additionally, teachers can look for additional work such as providing additional private lessons outside of lessons, opening a side business, or other additional work, in order to increase their financial strength beyond their salary. Having more money in the bank can improve your financial situation and speed up your efforts to reach your financial goals.

Well, that’s all we have for you, teachers, in terms of money management advice. Everyone should be aware of the importance of good financial management. Understanding the characteristics of products and services, as well as the financial services industry, is critical in order to effectively manage one’s financial resources.

The current financial services industry must be well-understood in order to carry out sound financial management. OJK has provided financial literacy series books for students at the formal education level from early childhood, elementary to tertiary levels, which can be downloaded via as a form of support for improving public financial literacy from an early age. Teachers are expected to be able to provide their students with a basic understanding of the financial services industry through this book. Because of the positive effects on your financial well-being and the potential for avoiding costly mistakes that come with poor financial literacy.