Lebaran is just around the corner! This special occasion marks the culmination of Ramadan, a month of worship and reflection. Around this time, many of you have likely received your THR (Tunjangan Hari Raya or Holiday Allowance). Some people use it to share with family members, while others treat themselves with long-awaited purchases.
However, don't let your THR run out even before Lebaran arrives! Here are some expert tips from BFI Finance to help you manage your THR wisely and make it last.
1. Control Your Shopping Urge!
The temptation to shop can be hard to resist, especially with massive discounts and sales leading up to Lebaran. The combination of these deals and a fresh THR deposit can lead to impulsive spending, leaving you with little to no money left. The key to managing your THR wisely is to control your shopping desires.
2. Minimize Exposure to Ads
With money in your pocket, online and offline ads become even more tempting—especially with discounts and free shipping offers. According to research by Populix, people tend to shop 3.6 times more during Ramadan after receiving their THR, particularly on online platforms.
To shop wisely, limit your exposure to ads by reducing your scrolling time on e-commerce apps and avoiding unnecessary advertisements.
3. Be Realistic—Save a Portion of Your THR
A practical approach to managing your THR is to save a portion of it. However, avoid dipping into your savings for unnecessary shopping. Set aside a realistic amount—saving 40% without touching it is far better than saving 80% but later withdrawing most of it.
4. Fulfill Your Zakat and Charity Obligations
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Ramadan is the perfect time to earn blessings. Allocate a portion of your THR for zakat fitrah, which must be given before Lebaran, and help those in need. Giving charity, no matter how small, brings rewards and blessings, inshaAllah.
5. Pay Off Debts
Using your THR to pay off debts may seem insignificant, but it can significantly ease your financial burden. Clearing debts now means you won’t have to worry about them later or will only need to make smaller payments in the coming months. Consider using the debt snowball method or any strategy that works best for you.
6. Take Advantage of Promotions
One of the best ways to manage your THR is by using available promotions wisely. Look for discounts and bundle deals when purchasing essential items like rice, cooking oil, or other groceries. For example, promotions like "Buy 2, Get 1 Free" can help you stock up on necessities while saving money for future needs.
7. Create a Priority List
Prioritize your expenses! This is a crucial step in managing your THR effectively. List out what needs to be paid and what can be postponed. Having a clear budget plan will prevent you from spending recklessly.
8. Don’t Forget to Invest
Last but not least, consider investing some of your THR. Choose an investment option that suits you best—whether it's gold, mutual funds, or other financial instruments. Each option has its pros and cons, so make sure to do your research before making a decision.
It's undeniable that Lebaran comes with higher expenses than usual. That's why you need a solid strategy to ensure your THR doesn’t run out too quickly.
THR is a once-a-year bonus, so managing it well is crucial—especially if you have a long list of things you want to buy. Keep in mind that you won’t receive another THR until next year, so spend wisely!
As part of your financial preparation for Lebaran, you can also take advantage of special promotions from BFI Finance. BFI Finance is a trusted financing company that offers loans with motorcycle BPKB, car BPKB, and house certificates as collateral.
Apply for financing today! BFI Finance is officially licensed and supervised by Indonesia's Financial Services Authority (OJK). #SelaluAdaJala
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