There are many needs for Ramadan and Eid. Almost every day we get the invitation to bukber and it's hard to refuse. Not to mention the desire to buy new clothes and give hampers. If you make a list, it must be quite long. However, if you have to fulfill everything, you may run out of money after Eid. We need to wisely manage THR by prioritizing the important things first.
Show Gratitude of Receiving THR by Wisely Managing It
1. Use THR money to pay off debts
If you have debts, you can set aside some of your THR to pay them off. Burdens will be lightened when some of your debts have been paid off. It is important to use your THR, wisely by fulfilling existing obligations first.
2. Set aside a portion for an emergency fund
Have you got an emergency fund? Before spending THR on new clothes or bukber every day at a restaurant, you can ask yourself. Actually, which is more important? Have an emergency fund that can be used whenever something unexpected or urgent happens or have new clothes? There's nothing wrong with celebrating Eid with the clothes you have, as long as the clothes are clean and polite.
If you don't have an emergency fund at all, you can save some of the THR money for this purpose. If you already have an emergency savings but you feel the amount isn't enough, THR can speed up your efforts to save.
3. Save for financial goals
Is there a financial goal or dream that you want to achieve in the future? Be it short term and long term, it is a financial goal.
Instead of buying something that you do not use a lot, it would be nice if some of the THR money could be saved to reach financial goals more quickly. At the beginning you needed 2 years to achieve a financial goal. But because you save some of your THR money, a financial goal can be achieved faster, for example in just 1.5 years.
For financial goals related to Islam, for example, you can save to buy Eid al-Adha sacrifices and save to perform Umrah and perform Hajj.
4. Allocate for zakat in the holy month of Ramadan
How beautiful it is if you can help others in need. Don’t forget to fulfill your zakat obligations. Apart from zakat maal, there is also zakat fitrah. For zakat fitrah, make sure you pay it before the Eid al-Fitr arrives.
5. Essential needs during Ramadan to Lebaran
What are the essential needs during Ramadan to Lebaran? Mudik is one of them. After so many months of spending time away from your hometown, of course you miss going back there. And, because Lebaran is a beautiful moment where all the family can gather together, mudik is a priority.
Therefore, you can also allocate THR to buy tickets back to your hometown. But, you don't need to bring home souvenirs from your hometown in large quantities to avoid overspending.
Other important needs, for example, are paying THR to helpers and/or drivers. With THR that is 1x your salary, it will be easier for you to allocate funds for the THR of those who work for you.
6. Self reward
Of course, THR can be used to reward yourself. Is there something you've wanted to have for a long time? Or do you want to travel to a beautiful destination? Make it a reward for your hard work so far.
The thing to remember is the limit. If you have allocated THR money for priority needs as stated above, then you can use THR for a self reward without worry.
Managing THR with Jago Syariah Pockets
To easily and practically manage THR and allocate a budget in the right portion for each need, you can use the Syariah Jago Pocket. 1 Pocket for 1 need so funds don't mix.
Is it possible that all needs during Ramadan can be separated? The answer is yes they can, because you can create up to 60 Jago Syariah Pockets. 20 of which are in the form of Sharia Deposits, which can be used as a place to save money for various financial purposes and emergency funds. Sharia Deposit can be disbursed earlier without penalty fees.
You can also choose between a Saving Pocket and a Spending Pocket. For priority expenses such as mudik, you can create a Spending Pocket and put money there.
Besides being able to easily and practically manage THR, managing finances with Jago Syariah is more blissful because Jago Syariah is in accordance with sharia principles, using the Wadiah Yad Dhamanah akad for each Pocket and the Mudharabah Muthlaqah akad for its Sharia Deposit.
By wisely managing THR, insyaAllah, there will be no problem with your cash flow and finances after the Lebaran celebration ends.
