The notion of saving money is considered cumbersome and discouraging to some. Most likely because they feel like they could not reach their target. Here is an idea to save money in a fun and effective way: arisan.
You may have heard of arisan, but never really tried it. Arisan has many challenges. For one, it’s not that fun having to ask for money from participants. Some participants like to procrastinate and make excuses that they have other stuff they need to prioritize.
Arisan offers many benefits. This article explains the main benefits of arisan.
Arisan: An Effective Way to Save Money with 3 Main Benefits
Before getting into the three main benefits of joining an arisan, here's some information on what an arisan is like. Arisan is an activity carried out in a community (it can be in the neighborhood, an office community, etc.) to collect money for a certain period.
After the money has been collected from all members, a draw will be made to determine which member will receive the money. Everyone will get a turn to receive money, so don’t worry.
For example, in an arisan there are 10 members and each person has a contribution of Rp500 thousand per month. At the end of the month, a name that wins the draw can enjoy the total amount collected, which is Rp5 million. The draw will be repeated every month until everyone gets to enjoy the Rp5 million.
By participating in an arisan, each participant can enjoy the following benefits.
1. Arisan makes sure you set aside money for savings
Arisan is a very effective way, especially for those who find it difficult to save money. By joining an arisan, you inevitably have to set aside money. If you don’t contribute, other members may judge. This is something you want to avoid. At first, you may feel heavy, but after a while, it starts to grow on you as it has become a habit.
To make it fun, you can use the Jago application for arisan, through its unique feature the Arisan Pocket. The Arisan Pocket is the place to collect money from all arisan members.
Moreover, the Arisan Pocket allows you to set the roles of each member, as agreed. You can set an arisan target and monitor its progress at any time.
By using the Arisan Pocket, transparency is also guaranteed. You can see who has or has not paid, as well as the transaction history. Very practical, isn’t it? You don’t need to do it manually. You also don’t need to collect money from each participant.
How to create an Arisan Pocket? It is very simple. You can read it on this page. In addition, your Arisan Pocket can also automatically raffle the arisan by activating the raffle option. The guide can also be read on the same page.
Make sure every member who wants to be invited to the arisan is already a Jago user. Jago account registration can be done quickly and easily, from anywhere and at any time.
2. Arisan money can be saved for the future or emergencies
To be more effective, you can directly save the arisan money for a secure future or in case of emergencies. You can lock the money in a Locked Pocket, another innovative feature from Jago.
How long will the Pocket be locked? You decide. It could be as short as 14 days or as long as 6 months, very flexible. One sure thing, the money will increase once the Pocket is unlocked because there is competitive interest waiting for you.
3. Arisan money can facilitate a loan with zero interest
In need of money? You can use the money from the arisan as a loan. Don’t worry, this loan has zero interest. You still set aside money as usual in the following months.
Quick Q&A on Arisan and Jago's Arisan Pocket
1. How does a monthly arisan generally work?
Arisan is the simplest form of group savings. Here is how it operates:
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Group formation: Gather a group of people (e.g., 10 members).
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Rule setting: Agree on an equal contribution amount (e.g., Rp500,000) and a set deposit period (monthly).
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Duration: If there are 10 members and the payment is monthly, the Arisan will last for 10 months, with a total collected fund of Rp5,000,000 each month.
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The draw: Every month, a draw (or lottery) is held to determine one winner who is entitled to receive the entire collected fund (Rp5,000,000).
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Recurring cycle: This process continues monthly until every single member has received their turn.
2. Are there risks involved in playing arisan?
While arisan is an effective saving method, it does carry several risks:
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Risk of default: The biggest risk occurs if a member who won the arisan early suddenly fails to pay their installments in the subsequent months.
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Lack of transparency: In manual arisan, there is often confusion over who has or has not paid, and how the money is being managed by the treasurer or administrator.
3. How does Jago's Arisan Pocket overcome the risks of traditional arisan?
The Arisan Pocket feature in the Jago application is specifically designed to increase the security and transparency of your group savings:
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Automatic transparency: All members can view the payment status in real-time within the app, eliminating the risk of administrator dishonesty.
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Notification delivery: Jago automatically reminds members who have not yet deposited their installment, so the admin doesn't have to chase them individually.
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Digital draw: You can conduct the draw digitally and transparently directly in the Jago Arisan Pocket, avoiding suspicion or manipulation.
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Segregated funds: The arisan money is stored securely in a dedicated Pocket, separate from personal Pockets, ensuring the fund is not mixed with other personal spending needs.
Jagoan, are you ready to save money together with your friends through arisan?
