Do you often get caught up in an endless lifestyle that makes saving money even difficult? For those who want to change your lifestyle and want to learn to live a simple life to achieve better financial goals, keep it up and read the 3 frugal living tips below. This article also discusses how to manage your money better by using Jago Syariah Pockets.
What is Frugal Living?
Many of you may have heard about frugal living. Indeed, frugal living is a wise lifestyle where someone is fully aware of the importance of using money for the right purposes (financial priorities).
Someone who lives frually does not spend money carelessly and is able to manage or allocate the money they have appropriately. Not only that, frugal living also emphasizes a simple lifestyle, in moderation and as much as you can afford.
The initial goal to be achieved from frugal living is being able to meet basic needs, then being able to realize financial goals both short and long term, and ultimately achieving financial stability and enjoying financial freedom.
3 Frugal Living Tips to Live a Simple Life and in Moderation
1. Be mindful about what you spend your money on
Spending money with full awareness means you can resist temptation and actually use money as needed. For example, when doing your monthly shopping, you only buy things that are really necessary or needed by referring to the list that has been made. Even though there is a big discount, you are not tempted to buy, let alone buy up, because the items on sale are not the items you need.
Frugal living is not the same as being stingy. A stingy person doesn't want to spend money on something even though they really need it.
2. Be willing to sacrifice lifestyle
When you spend money with full awareness, it will be easier for you to sacrifice your lifestyle because you are aware of the priorities for using money. It turns out that after thinking back, there are many expenses that could actually be reduced or even sacrificed because they are not necessary or very important.
You can start sacrificing your lifestyle by having the courage to adjust the portion of your expenses that are lifestyle in nature. Small things such as starting to take public transportation instead of private transportation, delaying buying a new gadget if the gadget you currently have still functions well and reducing your budget for buying coffee are examples of lifestyle sacrifices that can have a big impact on reducing expenses.
3. Be disciplined about setting a budget every payday
To ensure you live frugally the way you intend to, managing your finances well is certainly an important step that cannot be missed.
As soon as you receive your salary, make a monthly budget for each expense right away. Make a budget for each need, starting with priority needs and financial goals or dreams to be achieved.
Of course, you can still allocate money for various expenses. But you can reduce the budget, especially if the expense is a consumptive one. Buying snacks (not daily meals) every day can start to be reduced in frequency to only 3 times a week. Hitting the cinema every weekend can be reduced to once a month.
Frugal Living is Easier with 60 Jago Syariah Pockets
Managing finances is easier and more practical with Jago Syariah. Why? Because you can have up to 60 different bank accounts in the form of Jago Syariah Pockets.
For every need, both savings and expenses, you can separate the funds in the Jago Syariah Pocket. Create up to 20 Saving Pockets for 20 savings with various purposes. Create up to 20 Spending Pockets to more easily manage 20 types of expenses. Have up to 20 Sharia Deposit Pockets to secure money from improper use, long term financial goals, even saving emergency funds.
Besides being able to apply a frugal lifestyle more easily, managing finances with Jago Syariah is also more blissful because the Saving and Spending Pockets use Wadiah Yad Dhamanah akad without interest. Meanwhile, the Sharia Deposit Pocket uses Mudharabah Muthlaqah akad that provides profit sharing according to sharia principles.
Various Other Jago Syariah Features for Better Financial Management
Don't just take advantage of the Jago Syariah Pockets because there are many other features in Jago Syariah that you can use to manage your finances better.
1. Pay your monthly bills on time using Plan Ahead
Often forget to pay bills because there is not only 1 but several bills every month? Time to start using the Plan Ahead feature. Paying bills can be automatic or semi-automatic according to your choice. But one thing for sure, payments are on time.
Not only bills, the Plan Ahead feature can also be used to transfer to other banks automatically. You set the schedule yourself. It doesn't have to be monthly.
2. Use Autosave to save automatically in the Saving Pocket
Want to save automatically to avoid spending money on something consumptive and at the same time can help your frugal living? If you have a Saving Pocket, you can set a target and activate the Autosave feature. In this way, money will automatically go into the Saving Pocket. You decide the time and the amount of money yourself.
3. Set a daily transaction limit to avoid unnecessary spending
Even though you have made an effort to live frugally, the temptation is still there and can come at any time. When temptation comes, you don't need to worry because you can set a daily transaction limit for your Jago Syariah Visa Debit Card. Online transactions, payment using EDC machines, cash withdrawal, you can set the daily limit for all. As such, unnecessary spending or overspending can be prevented. You can stick to your frugal habits from day to day.
Ready to start practicing frugal living? InsyaAllah, you can continue to do it with joy and without burden. Jago Syariah is always there at every step you take in managing your finances.
