The general view often associates the act of wasting money with excessive and unwise consumer behavior. However, what if we redefine the concept and way of wasting money? Wasting money can actually be a way to live happily, as long as it is done correctly.
How to Overspend Money to Be Happy?
A sense of security and assurance in the future has a significant contribution to the level of happiness. Financial uncertainty is often a source of stress and anxiety (source: Radio Republik Indonesia).
In this context, the act of wasting money through a significant allocation of funds for savings and investment can be seen as a proactive step in creating a sense of security.
Instead of excessive spending or always fulfilling one's desires, allocating a significant amount of money towards savings and investments can lead to a greater sense of happiness. Financial uncertainty is a common source of stress and anxiety, while a sense of security and assurance about the future can significantly contribute to one's overall well-being (source: Radio Republik Indonesia). Therefore, "wasting" money on savings and investments can be seen as a proactive way to build a sense of security and ensure future financial stability.
Overspend money in a productive way: save regularly
Building a strong financial foundation requires consistent and substantial savings. A sufficient emergency fund can alleviate anxiety caused by unexpected costs, while long-term savings can open doors to significant achievements like homeownership, higher education, or even financial freedom in retirement. The journey towards these goals, fueled by accumulated savings, fosters a profound sense of accomplishment and contentment, which are crucial components of happiness.
How to spend money to grow money: investing
Likewise with investment. Allocating a significant amount of funds towards capital market instruments, property, or business can lead to potential growth in investment value in the future. Investment can pave the way to financial independence and the opportunity to enjoy the rewards of hard work. The benefits of investment can include financial freedom, reduced economic stress, and an overall improvement in quality of life and happiness.
How to Save the Way You Want, According to Your Principles at Bank Jago and Jago Syariah
Bank Jago and Jago Syariah offer a personalized saving experience that aligns with your principles. With the Jago application, you can create multiple customizable Pockets, each with a unique name that reflects your specific goals, such as "Emergency Fund" or "Buy a House."
Save routinely automatically in the Jago application
Set the frequency and amount of your regular deposits to your Saving Pockets—daily, weekly, or monthly—and automate your savings.
Learn about the automatic budgeting feature in the Jago Pockets in this article.
Grow your money with Jago Term Deposits/Sharia Deposits
Both Jago Term Deposit and Sharia Deposit provide safekeeping of your money and the potential for optimal growth. Jago Term Deposit offers flexible terms and competitive interest rates, allowing you to align your savings with your financial goals and earn attractive interest profits.
Sharia Deposit, based on Mudharabah Muthlaqah akad, provides competitive profit sharing in accordance with Sharia principles. With various term options, it caters to both short-term and long-term financial planning.
Hassle-free Investments with the Bank Jago and Jago Syariah Ecosystem
Investing in mutual funds and stocks is now simpler and more accessible with the Bank Jago and Jago Syariah ecosystem. Through integration with investment platforms like Bibit and Stockbit, you can directly link your Jago/Jago Syariah account and invest without any top-up fees.
How to invest routinely automatically on Bibit using Jago/Jago Syariah
To set up automatic routine investments on Bibit using your Jago or Jago Syariah account, first link your Bibit account with your Jago/Jago Syariah account. Then, in the Bibit app, choose your desired investment product and investment amount. Select Jago Autodebit as the payment method and set your desired routine investment frequency. Bibit will automatically debit the specified amount from your Jago/Jago Syariah account according to the schedule you set, allowing you to invest consistently without manual transfers.
Diversify your investment portfolio on Stockbit using Jago/Jago Syariah
Stockbit streamlines the diversification of your investment portfolio by integrating with Jago and Jago Syariah. This integration allows for instant, free fund transfers from your Jago/Jago Syariah account to your Customer Fund Account (RDN), enabling you to purchase various stocks from different companies. Jago Syariah users can conveniently invest in and transact Sharia-compliant stocks through RDN Jago Syariah, ensuring adherence to Islamic principles.
Enjoy Happiness by Being Financially Jago
Financial security, attained through savings and investments, can provide peace of mind and protection from future financial risks, leading to long-term happiness. This is a wiser alternative to spending money on fleeting pleasures.
