The Raya season is here! While a festivity is a time of joy and celebration, it can also be the most expensive time of the year. Between buying new outfits, feasts, and gift-giving, it is easy for you to run out of your budget, especially with rising costs. But, this does not mean you cannot have a good time with your family and friends. Here are some easy ways to save money while indulging in the festivity spirit!
1. Set a budget
This would be the most fundamental step to help you save money. Determine how much you can spend on gift-giving (duit Raya, ang pows, presents), clothes, decorations, and more. Once you have a budget in place, make sure to stick to it! Prevent impulsive spending by tracking your money flow using a spreadsheet or an app.
2. Make a shopping list
List down the items that need to be purchased — festive clothes, accessories, tableware, and more. Stick to the prepared list to avoid overspending or excessive shopping.
You don't necessarily need to buy new festive outfits to wear. If your old clothes are still in good condition and can be worn, you can make use of what you already have. Get creative with what you have by giving them a little twist, such as pairing your kurung top with a batik sarong, and so on. But, if you do need to buy new clothes, you can save money by shopping for some pre-loved clothes. You can also get hand-me-down clothes from your relatives!
3. Do it yourself
Bring out your baking trays and parchment paper from hiding because it is the time to make those delicious homemade cookies! Making sweet treats at home is a great way to save money and bond with your kids and relatives, too. A simple Google search will yield hundreds of yummy recipes and tutorials!
4. Shop smart
Take advantage of most shopping centres and online shopping websites that offer festive sales and discounts. This way you can get the items you need at cheaper prices. While these offers are enticing, ensure to spend only within your budget and what's on your prepared shopping list. Don't go broke purchasing something beyond your means and personal needs.
5. Create a gift list
The festive season can easily make you feel overwhelmed with all the preparations. To avoid overspending, spend some time making a list of everyone you need to give a gift to and set a limit. Ensure to spend within your means.
