Welcoming Eid al-Fitri, a holiday bonus or also known as THR is something employees are waiting for.
With additional funds entering your bank account, you need to manage it wisely so your THR would not disappear without a trace. Below are some tips you can consider to manage your holiday bonus:
Do not see a holiday bonus as a fixed income
You should categorize THR as an additional income in your budget. Why? Because despite it being mandatory for employers to give THR, the amount and time are never certain. This may happen if you just moved companies, resigned, or even when there were unpredicted events, such as the Covid-19 pandemic. If you perceive THR as a fixed income, your financial planning might be disrupted.
Allocate your THR wisely
Below are few alternatives to use your THR:
- Holiday necessities: You may allocate a portion of your THR for your holiday needs, such as celebratory food, new clothes, and gifts for your parents and extended families.
- Pay debts: If you have debts, you should allocate a portion of your THR to pay them. Reducing your debt would lessen your burden and you will be more flexible in your future financial planning.
- Investment: Allocate a part of your THR for investment according to your risk profile and needs. For example, you may add investment in mutual funds for a retirement fund. For investment needs, Welma have it covered.
- Emergency Fund: You can also separate a portion of your THR to add to your emergency fund stash, which should be liquid. You never know what may happen, better safe than sorry.
- Charity: There are other people’s rights in your blessings, so do not forget to share with people in need.
May this information and tips be useful for you. Happy Eid al-Fitr holiday for everyone who celebrates it.
Lebaran makan ketupat, lauknya disajikan di atas meja
Alokasikan THR dengan tepat, agar tidak menguap begitu saja
Penulis: Liza Lavina, EVP Intermediary Business Schroders Indonesia
Disclaimer: Mutual Fund is a product of the capital market and not a product of PT Bank Central Asia Tbk. (BCA) and BCA are not responsible for any claims and risks related to the management of the Mutual Fund portfolio. Investments in Mutual Funds are not part of third-party deposits with BCA so they are not guaranteed by BCA and are not included in the scope of the object of the government guarantee program or deposit insurance. BCA only acts as a selling agent for Mutual Funds. Investment in Mutual Funds contains risks that allow investors to lose part or all of their invested capital. Mutual Fund's past performance is not a guarantee of future performance. Prospective investors are required to read and understand the Mutual Fund prospectus before deciding to invest through the purchase of Mutual Fund participation units.
PT Schroder Investment Management Indonesia has obtained a license as an investment manager from the Financial Services Authority (OJK) and is supervised by the OJK in carrying out its business activities.