Nowadays, the convenience of transferring money provides benefits to many individuals, including facilitating deposits for activities such as arisan. Yes, in today's modern age, participating in arisan has become much easier thanks to the availability of transfer systems.
Are you also part of a specific arisan group? Or do you participate in multiple arisan groups? Many people think that arisan has the same system and concept as saving. But is this opinion true, and does joining arisan offer the same benefits as saving?
Arisan is Not Saving
The concept applied in arisan is actually different from saving. Although both involve depositing money regularly, they operate differently. In the arisan system, you deposit money gradually over a set period. The amount deposited varies depending on the agreement within the arisan group. Eventually, there will be a designated time to determine the arisan winner.
The arisan winner will receive the money deposited by the members during that period. Ultimately, this arisan system is more akin to repaying interest-free loans rather than saving.
There are many things that can cause the arisan money to decrease. For example, when you win an arisan, you'll use that money to host the next arisan. The benefits gained from the arisan money feel less than optimal.
Essentially, with the arisan money, there's a budget that needs to be allocated for other things. For example, hosting the arisan, buying food for the arisan members, and usually, there are administrative fees as well. These are the things that cause your arisan money to decrease, and the outcome isn't as optimal as saving.
Additionally, arisan money cannot be accessed at any time when needed, unlike savings, which offer more flexibility for immediate use. Participating in an arisan requires waiting for the designated time until declared the winner before the funds can be utilized.
Moreover, arisan funds are not readily available for immediate use when required, unlike savings, which provide greater flexibility. Being part of an arisan means waiting until the designated time to be declared the winner before accessing the money.
Risks and Benefits of Arisan
Even though arisan cannot be equated with saving, this activity also has several benefits. For instance, it teaches you to allocate finances more systematically. Arisan can also be used to achieve specific goals if you utilize it wisely.
The most noticeable benefit is that arisan can also serve as a platform for socializing with friends or expanding your network. Through arisan, you can stay connected with your friends even amidst busy schedules. This might make you feel happier and more satisfied, hence arisan is considered an important need.
However, there are also risks you should be aware of when joining an arisan program. The first risk is the possibility of missed deposits. In an arisan system, this is highly likely to occur. There might be one or several members who fail to make regular deposits, causing delays.
Another risk that can occur is irresponsible management of the arisan. This typically happens when you join an arisan program with people who are not very close to you and the group is quite large. The management may run away with your arisan money and that of other members. So, the safety factor certainly needs to be considered.
Furthermore, you can't rely on arisan money whenever you need it. It's difficult to depend on arisan money at certain times. You'll have to wait for your turn to win the arisan and get your money.
Manage Your Budget Wisely for Arisan While Saving
There's actually nothing wrong if you want to join an arisan group. However, make sure that you don't equate arisan with saving. If you want to participate in arisan, it's best to also continue saving consistently for your future financial health.
Of course, you need to thoroughly prepare your finances if you want to join arisan while still saving. Here are some tips on budgeting that you can apply to ensure that both of these can run smoothly in balance.
Understand Your Financial Goals
Start by comprehending the financial objectives you wish to fulfill through both avenues. What are your aspirations for arisan outcomes and what milestones do you intend to achieve through saving? A solid grasp of these aims will assist in establishing an effective budget.
Use arisan to fulfill non-urgent financial goals or those related to tertiary needs, socializing, and entertainment.
Meanwhile, savings can be utilized for far more critical financial goals. For instance, you may need to save to cover your child's education expenses. This means you need to determine how much to allocate and be consistent in saving to achieve the desired amount.
Be Selective with Arisans
Avoid joining every arisan group available in your community. With a large social network, you may encounter several arisan options. Choose only a few arisans that you find significant and whose members you have confidence in.
Moreover, align the number of arisans with your available budget. Select arisan types with deposit amounts that match your financial plan. Also, consider the deposit procedure, whether it requires direct contributions or not.
It could be more convenient to participate in remote arisan groups. This allows you to transfer your contributions without the necessity of physical gatherings. With modern and efficient money transfer systems available today, there's no need to allocate extensive funds for in-person arisan meetings.
Create Multiple Savings Accounts
Another tip you can apply is to create multiple savings accounts. If you want to achieve specific financial goals through saving, then this could be the right solution. Separate your savings into several accounts so that you can accumulate more money.
Creating separate savings accounts will also make it easier for you to achieve your financial goals. It means you won't misuse the funds in this account for other needs. So, all your financial goals can be more easily achieved one by one.
Make sure to continue creating a detailed monthly budget so that arisan and saving can proceed in balance. You can also utilize various features from digibank by DBS to ensure that saving and arisan can run smoothly without disrupting cash flow.
For example, you can use the Tabungan Maxi feature from digibank by DBS to effectively save in 20 wallets. Then, for arisan purposes, you can utilize the free interbank transfer service without quota using BI-Fast. Just imagine if you had to transfer arisan money to many members with different banks? With free transfers, there are many administrative fees that you can save.
Additionally, the transfer transaction limit can reach up to Rp250 million per transaction per day and can be conducted 24/7 using the digibank app.
Therefore, feel free to utilize the money transfer service and other appealing features provided by digibank by DBS. You can save effortlessly and facilitate various transactions, such as paying arisan funds more economically and conveniently. Click here for access to comprehensive information.
