7 Culprits Behind THR Funds Vanishing Without a Trace, No. 3: The Danger Trap
Jakarta, CNBC Indonesia - Ahead of Eid al-Fitr, the disbursement of the Tunjangan Hari Raya (THR) becomes the moment workers look forward to the most. Usually, the THR is received no later than seven days before Eid.
Although these funds are very helpful for various festive needs, unfortunately many people exhaust THR money in an instant due to uncontrolled spending. To avoid such experiences, proper financial management is essential.
Quoting Beautynesia, here are several habits that cause THR to run out quickly, along with their solutions.
Here is a summary of the THR management points:
- Plan From the Start
Immediately create a detailed budget as soon as THR is received so the money does not disappear without a trace. Ensure you allocate funds to vital posts, starting with Ramadan basic needs, zakat payments, Eid preparations, savings, and travel or transport costs.
- Prioritise Needs vs Wants
Focus on fulfilling primary obligations such as paying bills, education costs, or vehicle servicing before succumbing to shopping desires. Avoid impulsive checkouts on e-commerce and ensure THR is used for essential festive needs, not merely to accumulate consumer goods.
- Beware of Discount Traps
Do not be easily tempted by big promotions in stores or marketplaces that trigger wasteful spending. Always ask yourself whether the item is really needed; if not, it’s better to restrain yourself and redirect funds to more useful purposes.
- Limit Bukber Schedule
Control social spending by screening buka puasa together invitations that often drain the wallet. Set priorities by choosing only one or two important events to attend, so finances are not wrecked merely to satisfy social status.
- Mandatory Saving & Investment
Do not spend all THR on consumption; treat this fund as an opportunity to strengthen future financial conditions. Allocate at least 20-30 percent of total THR to savings or long-term investment instruments such as mutual funds and gold.
- Wisely Giving Hampers
Avoid spending THR merely to maintain social prestige through gifting or hampers that are excessive. Set a strict budget before shopping and choose gifts that are not too expensive but remain meaningful for the recipients.
- Anticipate Unexpected Costs & Debt
Prioritise debt repayment (such as credit cards or online loans) and prepare estimates for unforeseen costs, especially if you plan to travel home for Eid. Careful calculations will prevent budget blowouts and ensure financial conditions remain safe after the Eid period.
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