26 Apr 2022 | Edukatips

How to Allocate THR Bonus Wisely

As Eid al-Fitr is just around the corner, companies are giving Religious Holiday Allowance (THR) as the right of each employee. Many use the THR bonus for shopping, be it to pamper themselves or for family for Eid celebration.

However, there are also many of them who use the money for savings or investment. Everyone has different ways in spending their THR.

You can frivolously use up all of the THR bonus if it’s managed properly. That’s why it is important to set up a financial plan to avoid this thing to happen.

How to Allocate THR Bonus Wisely

To use money appropriately and wisely means maximizing what you have according to your needs. Living a provident lifestyle while implementing the proper way to use the THR bonus through good money management.

With many different needs, both personal and professional, you must learn how to properly allocate your needs. Here are some tips for managing THR wisely.

1. Pay Your Obligations

First, you must use the money to pay what you owe. For a Muslim, paying zakat is an obligation. The amount payable is equal to 2.5 kilograms of rice or other staple foods such as corn and sago. 

In addition to receiving THR from the company your work for, you should also give THR for those working for you. For example, your personal driver, domestic helper, or gardener.

Besides that, another obligation that you need to pay is debt. The THR bonus can help pay off debts. Once paid, it reduces your financial burden. 

The THR allocation for these needs is around 30% of the amount received. However, the amount may vary depending on the condition of each individual.

2. Don’t Forget to Save

Another THR allocation if for savings. If the source of your savings comes from monthly salary, the THR bonus can be an addition to your savings. Savings can be used for emergency funds, preparation for retirement funds, or vacation expenses. You should have savings for emergency needs. You can allocate 20% of your THR for this. THR should also be allocated for investment for the future.

3. Additional Expenses

No doubt, when Eid arrives, it is necessary to prepare for additional expenses, including for mudik (homecoming). Mudik incurs big expenses. However, it is better if the expenses for mudik doesn’t come from THR to avoid exhausting your holiday bonus.

Another additional expense is for buying new clothes and food for Eid. However, these expenses need to be managed well so you don’t overspend.

Especially it has become a tradition to give money to family and relatives. Make sure that you manage it according to your budget. For a more practical and fun cash giving tradition during Eid, you can use the BagiBagi feature on BCA mobile.

With the BagiBagi feature, senders can adjust the amount of money to send and choose the fixed mode for the recipients to receive the equal amount of money or the random mode for random amounts.

What’s even more exciting is that you can send greeting cards when using the BagiBagi feature on BCA mobile. The sender only needs to share the link via a messaging platform, in which the recipient clicks on the link to receive the BagiBagi. 

You no longer need to send money to different accounts one by one, because with BagiBagi you can send 1 (one) link into a group chat. Make sure that the recipients have the Sakuku app.

It is very easy and interesting, isn’t it? It’s time to try giving away THR through BagiBagi on BCA mobile.

For more information, click here.