Saturday, July 20, 2024 | 11:35 WIB

“blu by BCA Digital”: your easy savings account for Eid al-Adha

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Jakarta, IO – Eid al-Adha, also known as the “Festival of Sacrifice” (Qurban), is one of two major Islamic holidays celebrated by Muslims worldwide, apart from Eid al-Fitr, which marks the end of Ramadan. Eid al-Adha is a common practice to ensure that individuals and families can participate in the celebrations and have a moment to honor the extended family and share with unfortunate people. 

The sacrifice of an animal (Qurban) holds deep religious significance and commemorates the willingness of Prophet Ibrahim (Abraham) to sacrifice his son, Ismail (Ishmael), as an demonstration of his obedience to God. 

However, many Muslims face a challenging situation that might sway them to skip performing the animal sacrifice, in view of the steep cost of the animals: Qurban animal prices steadily rise over time, a financial burden for families unable to set funds aside for the sacrifice, when Eid al-Adha arrives. Therefore, it is important to be able to create a special budget plan for the Qurban, or even set up a dedicated savings account so that we can fulfill our religious duty every year. 

These tips and strategies, provided by “blu by BCA Digital”, will assist you in saving for Eid al-Adha: 

Prepare a thorough financial plan

Incorporate sacrifice financial planning into your monthly or yearly annual budgets. You need to reconsider your budget for daily needs, allocate money for savings, and accumulate an emergency fund. Careful financial planning will help you afford the sacrifice without disrupting your cash flow or financial stability. This way, you and your family will feel the essence of “sacrifice” monthly, which will accumulate, thus allowing you to perform the blessed Eid al-Adha when the time comes. You can conveniently share your animal sacrifice with entitled recipients. 

Adjust your savings target, according to the Qurban animal 

Set a savings target amount according to the price of the sacrificial animal you wish to purchase. Start by researching the current price of the desired animal. Prices can vary depending on the type, weight, quality, and condition of the animal. It is important to have all the information from various sources, to have a range of market prices as references. This will help you create a more accurate and measurable financial plan. 

After estimating the animal price, determine the amount of money that should be set aside daily, weekly, or monthly in a dedicated savings account for the sacrifice. Adjust your regular savings according to your financial capacity. It is important to do this diligently and consistently, to collect funds in time for the Qurban purchase season. 

Create a dedicated savings account for Qurban 

Open a savings account specifically for Eid al-Adha expenses, apart from your main savings. This helps keep your savings separate and avoids using them for other purposes. It is easier to track your progress toward reaching the target amount. Set up an automatic transfer to this account from your main account every month. 

You can use the bluSaving feature from blu by BCA Digital to separate savings allocations within the same account. bluSaving will help you set financial goals, determine the desired time frame, and manage how much money needs to be saved at specific intervals. You can also activate the auto-debit feature, which can be set to daily, weekly, or monthly frequencies directly from the blu app. Create a joint savings account for a cow sacrifice on Eid al-Adha. 

Goats, sheep, cows, and camels are a few animals used for the sacrifice during Eid al-Adha. Goats and sheep are for individual sacrifice, while cows and camels can be used for group sacrifices of up to seven people, collectively. 

Pooling funds for a cow sacrifice requires careful planning and discipline. To facilitate and secure your collective funds, you can open a joint savings account with clear bookkeeping to ensure transparency for all participants, by using the joint savings feature, bluGether. This feature provides easy access for all participants to check the balance and track transactions transparently, as everyone will receive transaction notifications on their blu app. This feature allows up to 49 members to collectively save for other communal needs.

Read: Tapera-The Public Housing Savings Fund Fiasco Despite Its Noble Intentions Of Aiding Low-Income Families, The Funds Program Has Been Marred By Miscalculations, Leaving Many Questioning Its Efficacy And Integrity

Ruli Himawan Nugroho, Head of Marketing Communication at BCA Digital, stated that BCA Digital is pleased to meet the community’s needs in achieving their financial goals, including collecting funds for sacrificial offerings. “The blu app provides features that support financial planning, such as bluSaving, bluGether, bluDeposit, bluInvest, Tracker, Analysis, and other easily accessible features in one application. We believe that sobatblu (blu apps users) and the public will feel at ease in completing banking transactions, as well as having access to innovative financial solutions to manage their daily finances and achieve long-term financial goals,” he said. 

These practical tips to prepare your next Qurban funds are provided by “blu by BCA Digital,” because every step in saving, including sacrifices, is a part of a meaningful financial journey. To achieve your sacrificial dreams, let’s manage your finances together wisely, with blu by BCA Digital. (des)

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