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It is important to manage your THR wisely so that your finances after Eid remain safe.
2 April 2024 11:43
Brilio.net - Hari Raya Allowance (THR) is a form of appreciation from companies to their workers ahead of the Eid celebrations. THR is usually received by workers who have worked for at least one year at the company in question. The amount varies depending on company policy, but what is generally used is one month's salary or more.
Managing THR well is very important for workers because it is usually used to prepare for Eid. THR can help meet basic needs such as buying new clothes, paying debts, and preparing typical Eid dishes. However, it is important for workers not to be tempted to spend THR unwisely.
Instead, they must manage it well to provide long-term benefits. One step that can be taken is to set aside part of the THR as savings or investment. Apart from that, good THR management also includes making a realistic expenditure budget and adhering to it.
In this case, it is important for workers to prioritize urgent needs, such as daily necessities, debts and delayed payments. By managing THR well, workers can celebrate Eid more calmly and without excessive financial burden.
Apart from that, the habit of managing THR well also helps encourage wiser spending patterns in life leading up to Eid. Summarized by brilio.net on Monday (1/4), here are tips for managing THR in preparation for Eid, easy and practical.
1. Make a budget for the THR received.
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By making a budget or details of the THR received, you will know how to manage it and how much money you have. Try to determine how much THR you receive and allocate it wisely for Eid needs such as new clothes , food, gifts, etc. Making a budget will help you not to be impulsive and manage the money coming in and out.
2. Prioritize main needs.
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When you get your THR, try to prioritize your main needs such as food, transportation and house preparation. Make sure that most of the THR you have is allocated to these needs before considering purchasing items that may be smaller and have less long-term use.
3. Tube for urgent needs.
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Even though you get THR every year, never spend it all at once on necessities ahead of Eid. Try to set aside a small portion of your THR as emergency savings. This is important to deal with urgent needs or other unexpected events after Eid. Because sometimes the needs after Eid are greater than during Eid.
4. Avoid debt because you don't get THR.
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When you don't get THR, never use the THR as an excuse to borrow money or take out a loan. Avoid debt while preparing for Eid so that you are not burdened by repayment afterwards. Because you need to remember, Eid doesn't always have to be synonymous with excited preparations. Eid is a moment to strengthen relationships, not to get trapped in debt.
5. Compare prices before deciding to buy an item.
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If you plan to buy things like new clothes or household appliances, take the time to compare prices from several places before buying, whether online or going to a store. This can help you save money and ensure that you get the best value or what is usually called the best deal in purchasing.
6. Shop smartly using THR money.
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Don't be tempted to just spend your THR. Shopping smartly by prioritizing items you really need and taking advantage of discounts or special promotions can help you save. Especially when approaching Eid, of course there will be lots of discounts and promotions, try to be smart in looking for discounts so that your THR doesn't run out instantly.
7. Share with those in need.
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Eid is the right time to share happiness with those in need. Set aside part of your THR to give charity to the less fortunate. This will not only provide social benefits, but also provide spiritual satisfaction. So, managing THR is not only so you can save materially in the world, but it can also be a long-term investment in the afterlife.
8. Maintain balance by knowing your spending limits.
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Lastly, it is important to maintain a balance between celebrating Eid happily and being financially responsible. Enjoy moments with family and friends without having to burden yourself with excessive expenses. So try to be smart in managing your THR so you don't feel free after Eid is over.
Disclaimer: This translation from Bahasa Indonesia to English has been generated by Artificial Intelligence.
