Did you always overspend during Ramadan? You're not alone. Many other Jagoans also experienced the same thing. Especially when you get the THR, which can tempt you to overspend. But, there is no need to overspend again this Ramadan.
3 Tips for Managing Money During Ramadan
1. Allocate a budget or funds for Ramadan needs using the Pocket
So that overspending doesn't happen again this Ramadan, you can make a list of necessary expenses and estimated funds for each expense.
For example, there must be expenses for sahur and breaking the fast. Likewise expenses such as zakat, gifts and THR. All expenses can be separated in the Pocket. Create 1 Pocket for all your Ramadan needs or several Pockets to make monitoring easier, it all depends on you.
If you want to save money, just break the fast and sahur at home. You can also sahur or break the fast with the closest people to save more. Just manage the money in the Shared Pocket. Of course, once in a while it's also not a problem to eat out. For this, you can also use the Shared Pocket.
2. Prioritize needs over wants
During Ramadan, fasting Jagoans discipline yourselves to endure hunger and thirst. Well, in addition to hunger and thirst, you can also train yourself to prioritize spending whose purpose is to meet only main necessities. Keep in mind, you have a goal to achieve this Ramadan, which is to reduce expenses and avoid overspending.
To help control spending, you can use the Jago Visa Debit Card or QRIS Jago. The reason? Because you can link both to a Spending Pocket as a source of funds. There are many Spending Pockets? Choose the 1 most suitable when making a payment.
Apart from that, you can also fulfill all your Ramadan needs without spending too much money because Jago has lots of THR (Traktiran Hadiah Ramadan) promos.
3. Stick to the budget
Finally, of course, you have to stick to the budget. How much is your budget for sahur and iftar? What about the gift budget?
After making a budget, you have to consistently stick to it. If you add another budget after two weeks of Ramadan, for example, then overspending is likely to happen again. Your goal of not overspending during Ramadan will not be achieved. Too bad right?
Together with Jago, it's easier to manage spending during Ramadan. The Jago application can be downloaded here for those who don't have it yet.