Table of Contents
1. Set a budget limit from the start
2. Make a Priority List of Expenditures
3. Match the budget with priorities
4. Set aside 10-15 percent for unexpected expenses
5. Avoid consumer debt
6. Monitor and Record Expenditures
7. Bring a drinking bottle and supplies to save money
8. Take Advantage of Free Events and E-Commerce Promotions
Jakarta, hitclubapk3 Indonesia
—
Holiday
Christmas
synonymous with moments of gathering, sharing gifts, and traveling with family.
Behind this warm atmosphere, there is one thing that often causes headaches, namely extra expenses.starting from shopping for gifts, preparing meals, to end of year holidays.
To keep your wallet safe, financial planners share a series of practical tips for managing your Christmas holiday budget.
ADVERTISEMENT
SCROLL TO CONTINUE WITH CONTENT
Here’s the summary:
1. Set a budget limit from the start
OneShildt Consulting Financial Planner Budi Rahardjo said it was important to determine a spending limit before starting activities.The budget can be calculated from the percentage of income, THR value, or previous year’s spending experience.
“Without clear boundaries, it is very easy for us to make expenses that we sometimes consider ‘trivial’ but in fact make our wallets empty,” said Budi to
hitclubapk3Indonesia.com.
2. Make a Priority List of Expenditures
According to Budi, it is necessary to record all holiday needs such as gifts, food, decorations, transportation and recreation.
Then, group expenses into mandatory, secondary and tertiary.Because, this priority list will help you adjust your plans if your budget starts to get tight.
“Place mandatory category expenditure at the top of the budget plan, followed by secondary and tertiary expenditure. With a priority list, it makes it easier for us to make modifications and avoid waste,” said Budi.
3. Match the budget with priorities
Budi suggests comparing the budget with the priority list.If the budget does not cover all items, adjustments need to be made.
Modifications, said Budi, can be done by eliminating the least priority expenditure first (tertiary), followed by secondary expenditure and so on.
“Another alternative is to make adjustments to reduce both mandatory, secondary and tertiary expenses to balance expenses if you want all categories of expenses to be met,” he explained.
4. Set aside 10-15 percent for unexpected expenses
Budi also suggested that even though you are on holiday, it is very important to set aside money to anticipate unexpected expenses.For example, 10 percent of your holiday budget savings.
“Don’t spend the entire budget on planning, set aside around 10-15 percent to anticipate a spike in spending due to unexpected things,” he added.
5. Avoid consumer debt
Budi also emphasized not to force yourself to go into debt for the sake of a festive holiday.It is necessary to adapt your vacation style to your own financial capabilities.
“There is no need to force expenses by going into debt, because debts must be paid along with interest, which ultimately increases costs,” he explained.
6. Monitor and Record Expenditures
Another tip, Budi asked during the holidays to record all transactions.This is not only to keep expenses under control, but is also important data for planning Christmas next year.
“Monitor every expense by recording expenses for evaluation material and reference for the following year’s expenses,” he said.
7. Bring a drinking bottle and supplies to save money
Meanwhile, Advisors Alliance Group Indonesia Financial Planner Dandy provides simple and interesting tricks for saving your holiday budget, especially when you are outdoors.For example, reducing purchases of drinks and snacks can cut daily expenses.
“Don’t forget to bring a drinking bottle to save more or bring provisions,” explained Dandy.
8. Take Advantage of Free Events and E-Commerce Promotions
Apart from that, Dandy gave tips for actively looking for events that offer attractive promotions.For example, discounts on plane tickets or hotels for the year-end holidays.
“Also take advantage of the free events that are often held to celebrate Christmas, and usually there are lots of promotions or flash sales for tickets, accommodation in
e-commerce
which can be used to be more economical,” he said.
Another important tip is to avoid buying tickets while
peak season
because prices usually soar.
“As much as possible, avoid buying tickets during peak season, such as 24-25 (December). Order well in advance,” he concluded.
[Gambas:hitclubapk3 Video]
(skt/sfr)
