Every year, the arrival of Eid al-Fitr brings not only joy and hospitality but also a valuable financial opportunity. The Eid Al-Fitr allowance (THR), received by many, becomes a crucial moment to be managed wisely, not just for instant gratification in shopping.

THR, which is an additional income that must be given to workers before religious holidays, is often used for various consumptive purposes such as new clothes, shoes, or the latest gadgets. However, this impulsive habit often leads to the quick depletion of THR, without providing sustainable impact on personal finances.

In response to this, here are 5 smart tips in managing THR:

• Understand the Value and Benefits of THR: Before spending THR, it is important to understand its value and long-term benefits. THR should not only provide short-term satisfaction but can also be directed towards saving for children's education, investments, or even for Umrah pilgrimage.
• Plan the Use of THR: Planning the use of THR in detail is a wise step. Make a list of needs and expenditure priorities, and allocate funds for long-term savings. Investment can also be a smart choice to better utilize THR.
• Avoid Impulsive Spending: Stay away from the temptation to spend THR impulsively. Make a list of priorities and differentiate between needs and wants. Avoid unplanned or unnecessary purchases.
• Utilize for Investment or Savings: Set aside a portion of THR for long-term investment or emergency savings. This way, the money will be able to grow and provide greater benefits in the future.
• Create a Long-Term Financial Plan: Long-term financial planning is key to managing THR well. Create a thorough plan and follow it with discipline. Learn more about personal financial management and seek advice from financial experts if needed.

By implementing the above tips, it is hoped that people can be wiser in managing their THR. Remember that Eid celebration is not just about shopping but also about preparing for a more stable financial future.