Not Just for Shopping, Tips for Wisely Managing THR

JAKARTA - Ahead of Eid al-Fitr 1447 H, many people have started receiving the Eid Allowance (THR). For some people, this fund is often considered as a surprise money that usually runs out in a short time for consumer needs, ranging from clothing shopping to various celebration needs. In fact, if managed wisely, THR can be the starting point for building a more planned financial future.

THR is an additional income that comes once a year. Because it is not routine, this fund is often used without careful planning. However, setting aside a portion of THR for long-term goals can have a big impact. Small steps that are consistently carried out can help realize various dreams, such as education funds, weddings, buying a house, to preparing for retirement.

According to William, Head of PR & Corporate Communication Bibit.id, the moment of receiving THR should be used to start investing without having to wait for the time that is considered more ready.

"THR is an additional income that comes once a year. If we set aside a portion for investment, the impact can be big in the long run," he said, quoted from Bibit.id's official statement.

Currently, there are various investment instrument options that can be adjusted to each individual's risk profile. Mutual funds are suitable for beginners because they are managed by professional investment managers. Shares can be an option for those who are ready to face market fluctuations with higher potential returns.

Meanwhile, fixed rate (FR) government bonds offer fixed returns and are guaranteed by the state, making them relatively stable. The tax is also lower than conventional deposits, so the potential net returns received can be more optimal.

"We want to ensure that THR is not only spent on shopping, but also becomes a productive capital. With FR bonds, money can work harder for us," said William.

For people who want to continue to invest according to Sharia principles during Ramadan, there are also various options for Sharia mutual funds with an affordable initial nominal. With funds starting from Rp. 10 thousand, people can start the habit of investing gradually and consistently.

The key to investment success is not only in the amount of funds invested, but also in consistency. One strategy that can be applied is the Systematic Investment Plan (SIP), which is a regular investment method in a certain amount at a fixed time period. This strategy utilizes the compounding effect (interest bearing) and Dollar Cost Averaging (DCA), so that the risk of price fluctuations can be more controlled in the long term.

With the autodebit system, funds can be automatically set aside each month. This way helps maintain commitment and reduce the temptation to use money for less priority needs.

In order for THR to really be a first step towards a better future, it is important to set financial goals clearly. Determine the target to be achieved, the time frame, and the estimated funds needed. With measurable planning, the investment process becomes more directed and not just a trend.

The celebration of Eid al-Fitr is synonymous with victory after undergoing the month of Ramadan. The meaning of this victory can be expanded, not only in the context of spirituality, but also in financial management. Allocating a portion of the THR for investment is a form of effort so that today's happiness does not sacrifice the needs of the future.

"We want this Eid al-Fitr not only about sharing and visiting relatives, but also about starting good habits for financial well-being. With the right investment knowledge, THR can be the beginning of a journey towards a greater financial goal in 1447 H. Because in the end, celebrating true victory is not only about today, but also about ensuring tomorrow remains full of hope. "said William.