Aidilfitri celebration is one of the most-awaited holidays, especially by Muslims in Malaysia. Many city folks will get busy preparing for their journey to go back to their hometown for the festive. Amid the celebration, there are many things to prepare. The Raya expense may be costly depending on how you manage your finances. Want to spend wisely to save your wallet? Read on as Bjak will share financial tips to spend your budget during the festive season.
Financial tips for Hari Raya
Prepare budget
It is necessary to allocate your budget in the first place. This includes the budget for the festive season like Aidilfitri such as Raya clothes, balik kampung expenses, duit Raya, and car maintenance service.
Does that sound a lot? Yes, that is common when you have a handful to prepare for the festive season, especially for the breadwinner in the family. People might find it a burden because they have to spend extra on the preparation. However, you can lessen your burden by planning and preparing the budget in advance.
Don’t exceed your Raya shopping budget
Do not overbuy. Just buy what you need.
For example, buy a pair or two Raya clothes at affordable prices. Don’t be too engrossed in following the trend, thus ignoring your financial situation!
Home-cook Raya food
Some people may prefer to use a catering service instead of cooking the food themselves. It is no brainer to use catering because it can cater to the crowds better during Raya.
But if you want to save your wallet, you can consider cooking your Raya meals at home. You may pool the money with your siblings to save more on the groceries shopping.
Treat your family and friends to these delicious homemade recipes!
Prepare emergency fund
Prepare an emergency fund prior to Raya.
Who knows what may happen during Raya. Should your car suddenly breaks down a few days before Raya, you could use the money to repair the damage!
Your fund would have saved you from an expensive headache. You will thank yourself in the future for being cautious.
Renew insurance & roadtax
When Raya festive is approaching, many will start preparing to head to their hometown. Therefore, make sure your car has valid road tax and insurance coverage before embarking on a long-distance journey.
Why should you ensure they are activated?
The answer is simple. You do not want to be summonsed for driving illegally without valid insurance and road tax. During the Raya festive, you can expect to bump into countless police officers at roadblocks. So save yourself the trouble by renewing them before hitting the road.
How about not having insurance coverage for your vehicle?
Say if your car breaks down or involves an accident on your way to your hometown, you do not have a choice but to pay for the damages. What if you do not have an allocated budget to cover this ‘unexpected’ misfortune?
In this situation, you do not have to worry if you have purchased insurance for your car. Your insurer will cover the damage cost on your behalf.
Hence, you need to make sure your car is covered. Please be reminded that insurance and road tax renewal does not cost as expensive compared to the amount that you have to pay by yourself for summons and car repairs.
Therefore, renew your insurance and road tax before you hit the road. For your convenience, do it online at Bjak. You may compare across 15 insurance brands. You can also save up to RM480 when renewing here – worth every penny!
Plan financial tips for splendid Raya
Plan your Raya expenses thoroughly to ensure you can manage the cost within your allocated budget. We hope this article is helpful to guide you better in managing your finances. Have a divine Raya alongside your loved ones.
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