Blog Post --- Published on March 07, 2023 | Last Updated on March 07, 2023

Shared Pocket vs. Arisan Pocket: What’s the Difference?

Shared Pocket vs. Arisan Pocket: What’s the Difference? Shared Pocket vs. Arisan Pocket: What’s the Difference?

It's a lot of fun to be able to manage finances with other people. With a partner, for example, you two can lighten each other's burdens when managing the household budget together. With friends, managing finances together can minimize overspending because you can remind each other.

There are many purposes for financial collaboration. Some people want to achieve dreams or financial goals together, some others 'force' to build savings through arisan. There are those who want to simply chip in for an event. Whatever the goal is and whoever the financial collaboration is with, you can do it easily and practically with Jago through the Shared Pocket and Arisan Pocket.

The Shared Pocket and Arisan Pocket both make it easier for you to manage finances with those closest to you. By joining either the Shared Pocket or Arisan Pocket, each member can view the balance and history of using money or transactions in the Pocket from the Jago application on their respective mobile phones.

And, because each Pocket has its own account number, you don't need to worry about the funds in the Shared Pocket or Arisan Pocket being mixed up with funds in your personal account or other Pockets.

However, there are distinct differences between the Shared Pocket and the Arisan Pocket. 

The Shared Pocket

The Shared Pocket can be used for both savings and payment purposes. Therefore, a Shared Pocket can be a Saving Pocket or a Spending Pocket, depending on your needs and those you invite.

If your Shared Pocket is a Saving Pocket, you and all the members of the Pocket can set a target together and define automatic saving rules by activating the Autosave option in the Pocket.

If your Shared Pocket is a Spending Pocket, you can set a daily transaction limit and the role of each member, whether ‘can view’ or ‘can spend’ money in the Pocket.

Before changing a Pocket to a Shared Pocket, you need to create a new Pocket first. After that, you can apply the following steps:

1. On the Pocket Details page, tap the Invite button at the top of the screen.

2. Select the user you want to invite from your Jago Contacts or your phone's contacts.

3. Define roles for the invited users.

4. When the invitation is sent, your Pocket will automatically change to a Shared Pocket.

The Arisan Pocket

What makes the Arisan Pocket different from the Shared Pocket is its function. As the name implies, the Arisan Pocket can only be used for arisan. Therefore, it is only in the Arisan Pocket that you can find the Raffle add-on, which can be added when you create a new Pocket or after creating a Pocket.

With the Raffle add-on, you can specify the amount of money you want to raffle, automatically raffle the winners of the arisan and distribute the cash from the raffle directly to the winner's Main Pocket.

In addition, another thing that distinguishes the Arisan Pocket from the Shared Pocket lies in the role of the members. Each member of the Arisan Pocket can only ‘view’. Only the creator or owner of the Arisan Pocket can manage the money and do the raffle. In other words, full responsibility lies with the owner.

To create an Arisan Pocket right from the beginning, you can follow these practical steps:

1. On the Pockets page, click Create Pocket.

2. Choose Arisan Pocket.

3. Personalize the Arisan Pocket by changing the emoji, image, or background color and name it.

4. In the Add-Ons section, you will see Raffle add-on has been added to your pocket automatically. But if you want to add more add-ons, tap More.

5. When you are done, click Create Pocket.

Jago juga ya when we can manage money together using the Shared Pocket and Arisan Pocket without the need to share personal account numbers and everyone can have access from their respective cellphones.

The Jago application can be downloaded here for those who don't have it yet.

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