Check Financial Conditions After Eid - Lebaran is a happy moment for us because we can gather with family, halalbihalal, wear new clothes, eat delicious food, and so on.
When the Eid celebration is over, we will return to our usual routine. The thing that really feels after Eid is the thinning financial condition. It's not surprising, indeed, during Eid, our expenses become bigger, starting from buying clothes, delivering for family, kitchen needs, going home, to distributing THR.
With that much spending, we have to be smart about managing our finances after Eid. Let's take a peek, how to check the following post-Eid financial condition.
Also Read: Tips for Securing Family Finances, Must Try!
7 Ways to Check Financial Conditions After Eid
1. Calculate the Funds Still Saved
After Eid, the thing you have to do is check every income and source of funds that are still stored. Calculate the funds you still have. If there is additional income, note it immediately.
After calculating and recording, don't be tempted to use the remaining money for consumptive things.
By calculating the funds, you can determine a plan for the next budget.
2. Do a Financial Check Up
In addition to calculating the remaining money, you also have to do used for financial check-up. Make a report of your expenses during Eid. Record as much detail as possible so that it is easy for you to evaluate. By making an expense report, you will find out what your biggest expenses are used for.
In addition, you also have to make sure whether you use an emergency fund during the Eid holidays. If so, you have to think of ways to meet your emergency fund again, because an emergency fund is an important financial post and must be filled.
3. Pay Off All Debts
Do you use credit cards, debt, or other installments to meet your needs during Eid? If so, pay off all your debts immediately.
Debt that is left too long can be a burden for your finances in the following months.
4. Reset Your Budget
Resetting the budget is an important step that you must do after Eid. After knowing the rest of the money and what expenses you used during the Eid holidays, now is the time for you to make a spending budget.
Adjust the budget with your remaining money. Limit unnecessary expenses. Make a budget as detailed as possible. After that, stick to the budget you have made so that expenses are kept under control.
5. Prioritize Basic and Health Needs
When creating a budget, prioritize basic needs and health. You have to make sure the funds you have are sufficient to meet your needs for a month, especially basic needs, such as food, water, electricity, and others.
In addition, when the situation is uncertain as it is today, you must also prioritize your health. Provide vitamins, medicines, masks, and hand sanitizer. Even though the government has lowered the level of Covid-19, maintaining physical health must still be a priority.
6. Savings and Emergency Funds Are Mandatory!
In addition to basic needs, you also have to think about savings posts and emergency funds. If you use both posts during the Eid holidays, try to fill them back. You won't feel the benefits right away, but they will be very useful in the future.
So, don't let your savings and emergency funds be empty, OK!
7. Take Advantage of Financial Apps
So that you don't have to worry about checking your financial condition after Eid, take advantage of financial applications. Currently you can download financial applications for free and easily. One of the financial applications that you must use is the Whiz Financial App..
With Whiz you can not only manage your finances, but also use it as a means of payment, send and receive money securely, set aside money to meet your needs. wishlist, even control the finances of children.
Lots of interesting features that will make your finances easier.
Also Read: Bad Habits in Managing Finances to Avoid!
Those are 7 ways to check post-Eid finances, easy, right? Try to apply it so that your finances are more controlled after Eid. The important thing in managing finances is to be consistent and not easily tempted by consumptive things.
Now, to make it easier to manage finances, use the Whiz Financial Application, let's go!
So, what are you waiting for? Feel the ease for your finances by using Whiz!
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