Ramadan is the perfect time for Muslims to engage in self-reflection and evaluate not only their spiritual practices and habits but also their financial management.
Financial Reflection During Ramadan: An Honest Self-Assessment
To gain a deeper understanding of your financial habits, consider asking yourself these questions.
1. Does the money I have make me feel more calm or anxious?
Does having money provide you with a sense of calm? If so, you are likely on the right track financially. However, if you are frequently anxious, it may be time to reevaluate your financial habits.
Do you find that your monthly salary disappears within a few days, leaving little to no savings? This Ramadan season, consider reflecting on your spending habits. Are you overspending on non-essentials? Are your life priorities out of balance?
2. What has resulted from my spending habits: regrets or happiness?
Reflect on your spending habits. Are you happy with how you're saving and investing your money to get the expected returns? Or, do you often regret purchases and realize you do not need the items you bought? If so, it is time to rethink your financial management and create a budget that aligns with your needs.
3. Did my financial choices bring me closer to my loved ones, or did they push us apart?
Reflect on your past financial choices during Ramadan. Have you made decisions that negatively affected your financial well-being or disrupted your financial stability? These choices can cause anxiety and stress, not only for yourself but also for those closest to you.
4. Did I truly let go of my past financial mistakes?
Regret and forgiveness are essential aspects of self-reflection. Everyone makes mistakes, especially when it comes to finances. Have you truly learned from your past financial mistakes and forgiven yourself? Or are you still repeating those same mistakes?
5. Has external financial support significantly impacted my life?
Additionally, it is important to remember any financial assistance you may have received from others. Perhaps you have faced financial hardship and received support from kind individuals. This generosity should be valued and remembered.
Before starting anew and adjusting your financial management habits for the better, it is essential to be truthful with yourself. With Bank Jago and Jago Syariah, you can manage your finances the way you want, according to your principles.
The Jago Application Allows You to Manage Your Finances the Way You Want, According to Your Principles
Various features available in the Jago application can help you manage your finances better.
1. The Jago/Jago Syariah Pocket and the automatic budgeting feature are good for managing various needs
Having trouble managing your budget and keeping track of your spending? Create separate Pockets for each of your needs in the Jago application to easily allocate and track your budget.
For even easier budget management, automate your finances by setting budgets for each Saving and Spending Pocket. Start by allocating funds for essential needs and savings goals, then use the remaining funds for your wants.
2. The Spend Analysis feature is good for checking and controlling your finances
Jago's Spend Analysis feature can also help you manage your finances. It allows you to regularly check your spending by presenting data in the form of diagrams and percentages, along with categories for each transaction made through the application. By understanding where your money is going, you can make informed financial decisions for the future.
3. The Jago Term Deposit/Sharia Deposit is good for saving or investing long-term
In addition to using the Saving Pocket, you may want to consider saving money in a Jago Term Deposit/Sharia Deposit to meet your long-term financial goals.
Saving in a Jago Term Deposit/Sharia Deposit prevents accidental spending. Jago users can enjoy competitive interest, while Jago Syariah users enjoy profit sharing based on Mudharabah Muthlaqah akad.
Learn more about the differences between Jago and Jago Syariah in this article.
4. The Jago/Jago Syariah Visa Debit Card and QRIS are good for everyday spending
For easy and practical transactions, always carry your debit card. When making payments, link your Jago/Jago Syariah debit card to the right Spending Pocket. The same can be done for QRIS Jago/Jago Syariah transactions from the Jago application. You can also set daily transaction limits on your debit card to help prevent overspending.
