DIGIVESTASI - The Eid celebration is about to begin. Of course, a lot of preparations are made so you have to spend a lot of money to fulfill your needs during the holidays. If you don't know how to manage your finances well, your expenses can increase. Therefore, you need to know how to save your holiday budget properly, if you want to save money during Ramadan, you need to prioritize the necessary expenses.

Check out our tips to save money during Eid: 

1. Create a holiday shopping budget
Efforts to save money during the holidays include making a shopping budget. Many people overlook this for various reasons, including wanting to serve the best food and look the best while on vacation, resulting in many unexpected expenses. From now on, plan your budget by allocating at least 30% of your monthly salary for vacation. It is important to pay attention to your income and expenses during your vacation. If your net salary is Rp 5 million, avoid spending more than Rp 1 million in your budget. 
 

2. Make a list of items
You can make a list of spending items to avoid unexpected expenses and budget overruns. Making a list of items to buy can help you buy fewer items that you don't actually need. Make a list of items you need to buy, such as Christmas clothes, cookies, decorations, household supplies and cooking ingredients. Make sure your shopping list doesn't exceed the budget you set, and don't buy items other than those listed on your shopping list.

3. Look for discounts and shop wisely.
During the holiday season, many shopping centers hold massive discounts ranging from 20% to 50% off the original price. This way, you can benefit from the discounted prices offered and save money. However, many people are fooled by the low prices and this results in them spending more. When buying, you should stick to the shopping budget you set at the beginning and be careful not to waste too much. Make sure that the items you buy really suit your needs. . 

4. Don't go into debt.
Having a large number of holiday needs, ranging from primary to secondary needs, can increase your expenses compared to other months. Due to this situation, some people have to borrow money or go into debt to fulfill their needs. However, this only adds to your expenses as you have to pay interest. Therefore, avoid getting into debt so that your expenses continue to grow. 

5. Making holiday meals at home.
One of the unexpected expenses is the food you consume. Many people overlook their grocery expenses during the holidays, and some end up going over their budget. One way to save on grocery costs is to prepare holiday meals at home. Cooking your own meals can help you avoid unnecessary expenses. In addition, the assurance that the food you eat is clean and healthy is much higher. 

6. Set up an emergency fund.
With so many essential items to buy, some people neglect to set up an emergency fund. An emergency fund can help you avoid new debt or increase existing debt. From now on, try to allocate a small portion of your budget, between Rp 500,000 to Rp 1 million, as an emergency fund. Having a large emergency fund can help you deal with unexpected expenses, such as a car breaking down on the way home, medical bills, or expenses that exceed your budget.

7. Plan your Eid trip
Planning your trip home well in advance can help you save on your budget. If you prepare everything you need in advance, you'll be able to price your travel accommodation better and stay at a much lower price.
 

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