Fithri Widanarty, who is usually called Fithri, is a mother who has introduced financial concepts to her children from an early age. However, before getting to know Jago Syariah, Fithri had some difficulty opening a separate account for her child that could be monitored from Fithri's account.
But now that Fithri uses Jago Syariah, it is easier for her to encourage her elder child to learn to save and spend money responsibly from a young age. How does Fithri do it? What Jago Syariah features does Fithri rely on?
Encouraging Her Son to Learn to Save and Be Aware of Spending from an Early Age
Before getting to the story of how Fithri was greatly helped by the Jago Syariah Pocket feature, aren’t you curious about why Fithri has encouraged her children to know and learn about money from an early age?
“I want my children to gradually understand the concept of money, saving, managing spending and making money from a young age. So, the money isn’t available just like than or can be withdrawn directly at an ATM when needed," said Fithri, who runs two companies at once.
Fithri further added that the reason she teaches her children to save from an early age is because they have lots of time.
“Children still have a lot of time. And we all know, time is an important key in investing. The earlier we invest, the greater the return we can get. My first child has been buying stocks and bonds since he was 7 years old. He is also wiser in using money. If he goes to eat at a restaurant, for example, he is surprised to see the price of a drink that is very expensive and doesn't buy it. My other child is still at the early stage of knowing the concept of money," said Fithri, who got to know Jago Syariah through social media.
The Jago Syariah Pocket Allows Fithri to Have Multiple Accounts in 1 Application, for Herself and for Her Son
To start encouraging her son to learn to save from an early age, Fithri created a Jago Syariah Pocket for him. The Pocket is separate from other Pockets so it is easier for budgeting. However, all Pockets created can be monitored from Fithri's Jago Syariah account in the Jago application.
“My child is given an allowance of Rp200,000 per month. Every month I put the budget into his allowance Pocket. I created 1 more Pocket for savings. So, if he didn't use all of the Rp200,000, I will move the remaining balance to his savings Pocket. More often than not, the allowance doesn't run out because my son doesn't like to buy snacks. Main meals are already provided. So every month he can often save Rp50,000 to Rp75,000."
The Jago Syariah Visa Debit Card that Can be Linked to Any Spending Pocket Makes Spending More Practical
Apart from the Jago Syariah Pocket feature, another feature that is no less important for Fithri is the debit card feature.
“I really enjoy using Jago Syariah because the Jago Syariah Visa Debit Card can be linked to any Spending Pocket, just the way I want. Simply link and unlink. I deliberately differentiate between debit cards for children and for myself.
“So I have 2 Jago Syariah Visa Debit Cards. I linked my child's debit card to the Allowance Pocket. One day, if I create another Pocket for him and I want to connect the debit card to the new Pocket, just do the link and unlink. Later I can also link the debit card back to the Allowance Pocket."
By giving her son a Jago Syariah Visa Debit Card, Fithri encouraging him to follow today's shopping style, which is more practical without cash.
Budgeting and Managing Household Expenses: Also with the Jago Syariah Pocket
It's not just allowances and savings for her child that are easier to allocate using the Jago Syariah Pocket. Fithri also finds the feature very helpful when budgeting and managing household expenses.
“There are definitely operational costs every month when you have a family. The Jago Syariah Pocket feature truly makes my life easier. I don't need to worry about funds for various needs getting mixed up. I have created a Pocket for monthly house bills such as electricity and water, as well as the costs for petrol which are separated into a Transportation Pocket. Budget allocation and managing expenses becomes much easier.”
Apart from all the features mentioned above, Fithri also builds emergency funds in the Sharia Deposit because of the flexibility in withdrawal at any time and without penalty fees.
Jagoans, do you also want to start teaching your child to save and manage finances more easily from an early age? You can use Jago Syariah like Fithri.
Whether you have a few or lots of Pockets, the number can be adjusted according to your needs. Fithri herself has more than 10 Pockets to make it easier for her to manage her personal, child and family finances.
Jago Syariah uses interest-free Wadiah Yad Dhamanah akad for its Pockets, both the Spending Pockets and Saving Pockets. Meanwhile, the Sharia Deposit feature uses Mudharabah Muthlaqah akad with a transparent and competitive profit sharing principle. Alhamdulillah, saving and managing finances with Jago Syariah is even more of a blessing because it complies with sharia principles.
