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It will soon be the Feast of Sacrifice! Are you ready to save money to prepare for the Eid al-Adha sacrifice in June 2024, FinTERZ?
On June 17, 2024, Eid al-Adha, a significant celebration for our Muslim friends, involves the tradition of sacrificing farm animals like cows or goats. Typically, the price of these animals increases on the eve of the Feast of Sacrifice.
It is crucial to begin saving and managing your finances now if you plan to participate in the Eid al-Adha sacrifice. Early planning demonstrates your commitment to worship and ensures financial stability, providing a sense of preparedness and control.
Want to make a sacrifice during Eid al-Adha? Learn about the terms of sacrifice, the prices of sacrificial cows and goats, and how to manage finances for Eid al-Adha 2024 here!
Sacrifice, or qurban, is a form of worship to slaughter livestock such as cows, goats, sheep, and camels on Eid al-Adha or Tasyrik. According to Islamic belief, qurban is a legally permissible farm animal and a highly recommended practice (Sunnah Muakkad).
According to several studies conducted by MinETIKS, sacrifice is considered the most noble form of worship for Muslims. In addition to symbolizing obedience and patience, performing qurban can improve life quality through gratitude, sacrifice, solidarity, and social care.
Why is it essential to carefully plan finances before making sacrifices during Eid al-Adha? Read the critical explanation below.
Saving money for Eid al-Adha sacrifices is crucial to stabilize one's financial situation. Besides worship, participating in Eid al-Adha provides various social and economic benefits.
"Why should we save money in advance for Eid al-Adha sacrifices? Can't I buy it right away?" Of course, it's okay to buy it right away, but make sure you have enough funds so that it does not worsen your financial situation.
We recommend that you plan your budget for qurban so you can worship calmly and optimally to avoid financial burdens, especially considering that the prices of farm animals usually increase closer to the feast day.
Therefore, saving money for Eid al-Adha sacrifices and simulating the calculation of sacrifice savings will help you to prepare for the worship activities of the Feast of Sacrifice.
Before organizing finances for the Day of Sacrifice, it's important to review the price list of farm animals such as cows and goats. Understanding their price range will help you allocate funds more effectively.
From several sources, the following is the price range of sacrificial cattle and goats per head:
The price of livestock for Eid al-Adha sacrifice varies depending on the animal's weight and type. When selecting animals, pay attention to the following:
When choosing a sacrificial animal, always choose a male and healthy farm animal, FinTERZ. After knowing the price range that must be prepared, let's save money for Eid al-Adha sacrifices using the method below!
There is no need to accumulate debt or apply for loans online. There are numerous ways to save money for Eid al-Adha sacrifices, from setting clear intentions to taking advantage of bonuses and THR.
MinETIKS has summarized the best steps to organize finances for Hari Raya Kurban in 10 ways.
Always start by saving money for a specific goal. For example, FinTERZ and I both want to save for the feast of sacrifice.
Determine which sacrificial animals to buy, whether cows or goats and decide on the number of farm animals based on financial conditions and capabilities to simplify financial organization.
Observe and calculate the price of the sacrificial animal you choose. For example, you will buy a qurban cow for IDR 18,000,000 and a qurban goat for IDR 1,500,000.
When organizing finances for Hari Raya Kurban, set a goal. For example, save money for 20 days for cow sacrifice and 8 days for goat sacrifice.
After deciding on the duration of your savings, adjust the deposit to align with your savings goal, whether it's daily, weekly, or monthly. Use the financial planning app FINETIKS to manage Qurban and Zakat.
Download FINETIKS from Google Play or App Store to set the saving term and deposit amount. Receive reminders to allocate funds for Qurban and Zakat.
You can use your monthly salary as the initial capital to purchase the sacrificial animal. Allocate 10-20% of your monthly salary, adjusting the amount based on your monthly expenses, the cost of the qurban animal, and the length of time you plan to save.
If you plan to manage your finances for the Feast of Sacrifice, consider cutting back on non-essential expenses. Instead of dining out or making impulsive purchases, allocate that money towards purchasing sacrifices.
Is there still any money left? Thank God, we can use some of it for additional savings for the Eid al-Adha sacrifice.
Do you need help saving bonuses and THR money? To ensure that they are not spent right away and can be used for zakat next year, check out these THR management tips to maximize your profit here.
How much do banks typically offer in special savings for Qurban as a form of future savings? Choosing the right savings option to allocate funds for sacrificial purposes will help you manage your finances in preparation for the Feast of Sacrifice.
Inviting your family to participate in sacrificial worship is no harm. Make this a moment of prayer to increase familial bonds through joint qurbani ventures.
These are 10 money-saving alternatives for Eid al-Adha sacrifices that you can consider. You can implement the above steps or modify them according to your financial situation.
Remember to embrace a frugal lifestyle and avoid wastefulness when managing finances for the Day of Sacrifice. Find tips for living frugally and minimizing waste here.
