After a long wait, finally the holiday allowance (religious holiday allowance ) has come down. Surely you have compiled and planned to spend this religious holiday allowance. This religious holiday allowance  usually has a plan on where to spend it. However, without careful planning, religious holiday allowance can run out quickly without providing long-term benefits.

Maybe you are tempted by Eid promos to buy dream items, or even pay debts. Many end up running out of religious holiday allowance  in a matter of days without leaving anything for future needs.

While there is nothing wrong with enjoying the fruits of your labor, it is important to be wise in managing your religious holiday allowance  so that it does not only provide momentary happiness, but also long-term benefits. One effective way to ensure that your religious holiday allowance  doesn’t run out quickly is to apply the 50-30-20 rule.

Common Mistakes in Managing religious holiday allowance 

1. Shopping Without Clear Planning

When you get your religious holiday allowance , you must be immediately hungry and tempted to shop big. Thousands of temptations of discounts and attractive promos are used as an excuse for your friend to shop “it’s a shame if you don’t buy it because it’s a promo” even though it’s not actually needed. As a result, money runs out quickly without providing long-term benefits.

Therefore, before spending religious holiday allowance , make a simple financial plan. Determine what percentage will be used for needs, wants, and investments to keep money under control.

2. Spree

Once the religious holiday allowance is disbursed, many people immediately use it for fun without thinking about other needs. Eating at expensive restaurants, shopping without limits, or sudden vacations are often done without calculation. As a result, the money runs out quickly in just a matter of days.

It’s okay to enjoy the fruits of your labor, but there should be clear limits. Try to arrange finances to be diverted to vacations or sprees and never exceed the limits that have been set. That way, you don’t have to worry about running out of religious holiday allowance  in the middle of the month.

3. Not setting aside funds for investment or savings

Another common mistake is neglecting savings and investments. Many think that religious holiday allowance  is a “bonus” that can be spent entirely, as a result religious holiday allowance  will run out and not be useful for the long term. In fact, this can be a golden opportunity to increase assets.

It is important to set aside at least 20% of your religious holiday allowance  for investment or savings. One easy and profitable option is to buy gold, as its value tends to be stable and can be used as a long-term asset.

How to Apply 50-30-20 religious holiday allowance 

The 50-30-20 rule is a simple method of managing religious holiday allowance  by dividing income into religious holiday allowance ee main categories:

1. 50% for necessities

In managing 50% of religious holiday allowance, you can use it for daily needs such as paying debts or installments, buying basic necessities. For example, if you get an religious holiday allowance  of Rp 5,000,000 then 50% or Rp 2,500,000 is used for daily needs.

2. 30% For Wishes

It will feel empty if the religious holiday allowance is not used for vacation refreshing and buying things you want. With 30% or around Rp.1500.00, you can shop for new clothes, share religious holiday allowance  with your family, and invite your family to eat at a restaurant.

3. 20% For Investment

The last or 20% of the last religious holiday allowance or Rp. 1,000,000, buddy divert to investment. Well, if you want to invest for the long term with a consistent increase, you can invest in digital gold. That way, the religious holiday allowance  that you receive can be more useful for the long term.

With this division, you can still enjoy your religious holiday allowance  without feeling guilty, because some of it has been allocated for more productive things.

By applying the 50-30-20 rule, the religious holiday allowance  received can provide longer benefits, not only for momentary pleasure, but also for a more financially secure future.

So, before the religious holiday allowance  runs out for less important things, let’s start investing in digital gold at Treasury now and make this Lebaran moment the first step towards more stable finances!