• About UGM
  • SIMASTER
  • SINTESIS
  • Public Information
  • SDGs
  • English
    • Bahasa Indonesia
    • English
Universitas Gadjah Mada Universitas Gadjah Mada
Faculty of Economics and Business
  •  About Us
    • Overview
    • History of The Establishment
    • Mission & Vission
    • School Values
    • School Leadership
    • Senate Leadership
    • Department Leadership
    • Study Program Leadership
    • Unit Leadership
    • Faculty Advisory Board
    • Annual Report
    • Campus Facilities
    • Visual Identity
    • News Room
    • The 70th Anniversary
  • Academic Programs
    • Undergraduate Program
    • Master Program
    • Doctoral Program
    • Profession Program
    • Short Academic Programs
    • Professional Programs & Certification
    • International Undergraduate Program
    • International Doctorate in Business (IDB)
    • Academic Calendar
    • Rooms and Events
  • Faculty & Research
    • School Memberships
    • School Accreditation
    • International Networks
    • Faculty Members
    • Visiting Professor & Research Fellows
    • Professional Staffs
    • Publications
    • Published Journals
    • Working Papers
    • Fields of Study
    • Supporting Units
    • International Conference Partnership
    • Call for Papers
    • Community Service
    • Faculty Library
  • Admission
  • Home
  • News

Tips for Managing Finances Before Eid

  • News
  • 13 March 2025, 13.12
  • By : shofihawa
Tips Mengelola Keuangan Menjelang Lebaran

Ramadan and Eid al-Fitr are special moments that Muslims eagerly anticipate. Indonesians often express their joy and excitement during these moments by shopping for fasting and Eid needs, buying everything they desire.

Without proper control and planning, these shopping activities can become highly impulsive. So, how can students plan their finances and manage their spending priorities during this time?

A lecturer from the Department of Economics at the Faculty of Economics and Business UGM, Akhmad Akbar Susamto, S.E., M.Phil., Ph.D., explained that this phenomenon is natural from a religious and cultural perspective. However, proper planning is required to keep finances healthy before and after Eid.

“It is important to think seriously about what items we will buy and where the funds will come from,” he explained in the FEB UGM podcast titled Rahasia Kelola Keuangan Menjelang Lebaran, Bebas Tekor! (Secrets of managing finances before Eid, free from debt), recently.

In managing finances, he continued, having a shopping plan and prioritizing needs is essential. Before making expenditures, it is necessary to determine the items that are needed.

“Before planning expenditures, we must determine which urgent needs are less urgent. Then, we should rank these needs from the most essential to those that can be postponed,” Akbar added.

In addition, Akbar mentioned that the presence of digital payment capabilities and “pay later” options is a factor that contributes to increased shopping behavior. These payment conveniences ultimately lead to impulsive buying behavior.

“Don’t buy when you crave, either physically or mentally. Looking for discounts is fine, but why buy it if you don’t need it?” Akbar said.

Akbar added that financial planning for Eid also includes religiously recommended spending, namely giving alms. Although almsgiving is not mandatory, Akbar urges Muslims to set aside non-essential expenses for almsgiving.

The time of Eid is also synonymous with the Holiday Allowance (THR). According to Akbar, people can use this THR for relatively unimportant things.

“We should not use our savings to buy things that are not urgent because the THR is an allowance to celebrate the holiday. So we must be careful in our financial planning,” he added.

“Do not let us do less urgent things with the savings that we saved long ago for more important and urgent things. Now we can use the THR, and the name is also a holiday allowance given to celebrate the holidays,” he explained.

Similarly, students who do not have an income and are still dependent on monthly money have to adjust to their parents’ financial capabilities. Of course, students also need to make a shopping plan so that financial management goes well.

Reporter: Shofi Hawa Anjani
Editor: Kurnia Ekaptiningrum

Sustainable Development Goals:

SDG 1 SDG 4 SDG 8 SDG 10ย SDG 12

Views: 722
Tags: SDG 1: No Poverty SDG 10: Reduced Inequalites SDG 12: Responsible Consumption And Production SDG 4: Quality Education SDG 8: Decent Work And Economic Growth SDGs

Related Posts

Apia Dewi Agustin

The Story of Apia, PMDSU Scholarship Recipient and Best Graduate of the Master of Science in Accounting FEB UGM

Graduation Friday, 25 July 2025

Do you still remember Apia Dewi Agustin? Her name once captured the public’s attention with her inspiring story. This young woman from a remote village in Magetan Regency, East Java, successfully pursued her undergraduate degree and then continued her Master’s and Doctoral studies at the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), free of charge, thanks to her academic achievements.

Now, Apia has once again made her alma mater proud.

Primastuti Indah Suryani

Optimizing Social Media to Boost MSME Visibility

News Friday, 25 July 2025

Building a brand and reaching consumers no longer rely solely on conventional promotions. Social media has become a primary channel for shaping a business’s image.

Field Trip GSW 2025

GSW 2025 Invites International Students to Explore Industry and Art in Yogyakarta

News Friday, 25 July 2025

The clinking sound of metal echoes through a silver craft workshop in Kotagede, Yogyakarta. Skilled hands carefully hammer sheets of silver on a steel anvil.

Andar Danova L Goeltom

Green Jobs and Green Curriculum, the Key to Indonesia’s Tourism Future

News Thursday, 24 July 2025

Significant changes are taking place in the global tourism industry. Today’s travellers, especially younger generations and international tourists, are increasingly concerned about the environmental impact of their travel activities.

Latest News

  • The Story of Apia, PMDSU Scholarship Recipient and Best Graduate of the Master of Science in Accounting FEB UGM
    July 25, 2025
  • Optimizing Social Media to Boost MSME Visibility
    July 25, 2025
  • GSW 2025 Invites International Students to Explore Industry and Art in Yogyakarta
    July 25, 2025
  • Green Jobs and Green Curriculum, the Key to Indonesia’s Tourism Future
    July 24, 2025
  • Unemployment Rate Declines, FEB UGM Lecturer Says Decent Work Remains a Challenge
    July 24, 2025

Related Article

  • The Story of Apia, PMDSU Scholarship Recipient and Best Graduate of the Master of Science in Accounting FEB UGM
    July 25, 2025
  • Optimizing Social Media to Boost MSME Visibility
    July 25, 2025
  • GSW 2025 Invites International Students to Explore Industry and Art in Yogyakarta
    July 25, 2025
  • Green Jobs and Green Curriculum, the Key to Indonesia’s Tourism Future
    July 24, 2025
  • Unemployment Rate Declines, FEB UGM Lecturer Says Decent Work Remains a Challenge
    July 24, 2025
Universitas Gadjah Mada

Universitas Gadjah Mada
Faculty of Economics and Business

Jln. Sosio Humaniora No.1, Bulaksumur, Yogyakarta, Indonesia 55281

Map & Direction
More Contact Information

Department

  • Accounting
  • Economics
  • Management

Faculty Directory

  • Public Information
  • Room Management
  • Asset Management
  • Cemetery Management

Alumni

  • Alumni Community
  • Alumni Services
  • Tracer Study
  • Jobs & Internships
  • Scholarships

Social Media

© 2025 Faculty of Economics and Business UGM

DisclaimerSite Map

๐Ÿ’ฌ Need help?
1
FEB UGM Official WhatsApp
Hello ๐Ÿ‘‹
Can we help you?
Open chat