Prioritize Priority, Here Are Tips For Managing Spending During Eid

Illustration of tips for managing expenses during Eid (Unsplash/Sasun Bughdaryan)

YOGYAKARTA – Expenditures can be managed properly if you know which ones are priorities and which are not. But often during Eid all things seem worthy of being prioritized. This can be wasteful if not identified carefully.

So that savings don't decrease as expenses increase, here are tips for managing money during Eid that you can practice.

1. Make a list of needs

Making a list of needs is the first step before eliminating non-priority expenses. Starting from the expenditure of daily necessities, zakat, social money, to the need for snacks or sundries related to social relations.

2. Eliminate non-priority

Of course you don't need to give gifts or treat a lot of people if close family is enough. For that, cross out the list of expenses that are not too important. The good thing is, choose wisely and not overdo it so you can still save even though it's Eid.

3. Shop as needed

Sometimes, what is needed is less than what is wanted. Therefore, shopping with detailed records will make you more careful in managing your money. In addition, set a budget limit when shopping so you don't buy too many things outside of your needs.

4. Limit using credit cards

Often, credit cards help you when shopping. Because there are more discount offers or discounts. However, make it a habit to keep counting bills as monthly expenses. Including during Eid, you still have to take it into account as expenses for needs.

5. Minimize eating in restaurants

For certain purposes, you and your family can occasionally eat at a restaurant. But to tighten spending during Eid, try to minimize eating at restaurants. This is because eating at a restaurant is more expensive than cooking at home. Especially if you have to eat with a large family.

You can plan a menu for guests who come to your house, and prepare it before arrival. In fact, you can prepare a simple menu with seasonal ingredients so that it is cheaper and easier to prepare.

6. Evaluate every expense

Carefully evaluate its objectives for improvement and management. If you spend too much one day on Eid, it is necessary to evaluate it so that it doesn't happen the next day and expenses stay on track.

Well, those are tips to save money during Eid that you can practice.