Investing doesn’t always require large amounts of capital. With digital innovations in the financial sector, such as Blu by BCA Digital, students can now start investing with smaller amounts.
Students, for example, can start simple investments through digital deposit products starting from IDR 1 million. This type of investment is believed to be the right first step for students who want to learn to invest gradually.
Katherine Elovani, the Head of Growth and Acquisition at BCA Digital, conveyed this message during a financial literacy discussion titled “Financial Literacy: Digital Cash Stuffing.” The event was organized by the Association of Master of Business Administration Students of the Bandung Institute of Technology (ASOMBA ITB) and took place at Amphitheater 1 of ITB’s Gelap Nyawang MBA Campus in Bandung on Thursday (March 12th). The goal of the event was to enhance students’ understanding of personal financial management and emphasize the importance of starting to invest early.
Katherine shared insights on the importance of financial literacy for the younger generation, especially students, so they can manage their income wisely and begin preparing for their financial future early. She emphasized the importance of investing as early as possible, given that prices of goods and necessities tend to increase over time. By starting to invest early, a person has a greater chance of building financial stability in the future.
Katherine not only discussed various investment instruments but also encouraged students to cultivate a healthy financial mindset by following several important principles for managing their finances. These principles include: ensuring that when income increases, lifestyle does not have to change; purchasing items based on their functionality rather than their prestige; and recognizing that the longer a desire can be postponed, the more likely it is to become a non-urgent need.
She also encouraged students to transform anxiety about the future into energy for creativity and increased productivity. Katherine introduced the concept of happy money, which is a balance between enjoying life now and preparing for a financial future. This concept describes a condition in which a person can meet their needs and enjoy life in the present while still maintaining savings and sound financial planning for the future.
Through this activity, ASOMBA ITB hopes that ITB MBA students will gain a deeper understanding of the importance of financial literacy and begin developing healthy financial habits, including saving and investing gradually during their studies. The collaboration with BCA Digital is also expected to provide students with practical insights into financial management in the digital era.
