Jakarta, CNBC Indonesia – Homecoming is a tradition that most Indonesians do every year. However, what you need to pay attention to is expenses, don't let going home make you spend money after Eid.
So what do you need to prepare financially so that you don't have to worry about going home after Eid?
CNBC Indonesia Financial Expert Ayyi Achmad Hidayah explained that the first thing that needs to be prepared is from the budgeting side.
The expenditure that must be allocated is accommodation. If, for example, there is a house or residence at your homecoming destination, there is no need to rent accommodation. If you can't, you need to budget for a place to stay.
Accommodation also includes transportation options used for going home. Do you want to use public transportation or private transportation? This depends on your needs according to your budget.
“Usually when people choose a mode of transportation, there is usually a cost approach, secondly a comfort approach,” said Ayyi in the Investime program CNBC IndonesiaFriday (22/03/2024).
“For example, on one island, if you use the opinion approach, let's say, how many trains, how many planes, how many ships, then how much compared to (private) cars. But whatever approach you take, don't exceed the budget that has been allocated, we must still calculate it,” ” he added.
The third thing that is no less important is recreation. Of these three costs, the maximum operational costs are 60 percent of salary or holiday allowance (THR).
“We can use the analogy of moving operations from our homes to our hometowns,” he said.
With that budgeting, there will usually be unexpected costs. For this matter, Ayyi said, we need to budget 10 percent of our salary or THR to cover unexpected costs.
Budgeting for going home, Ayyi advised not to use emergency funds because this homecoming was actually scheduled well in advance. He suggested that homecoming funds should be budgeted well in advance.
“Actually, you can't (use emergency funds). Emergency funds are for emergency purposes because (going home) is scheduled every year. If you need to save from the previous 6 months, we set aside every salary we can, don't just rely on THR.” he concluded.
[Gambas:Video CNBC]
(dem/dem)