5 Tips To Help You Save Money In Your Raya Shopping
With Raya less than a month away, it’s time for frantic shopping in between iftars and family gatherings. More often than not, we get carried away in the shopping craze and forget our budget that we painstakingly drew up before Ramadhan to ensure that we would definitely not break it this year – no matter what.
It is evident that prices of daily necessities are not coming down anytime soon. There is a steep price increase this year due to the declining value of Ringgit and also the pesky 6% GST. But it doesn’t mean we should let all these ruin our finances and our Raya holiday.
If you are tasked to shop for the family this Raya, we have come up with the ultimate Raya shopping guide that will help you keep your cash in your wallet, without sacrificing your Raya tradition!
1. Scour for promotions
Every hypermarket and supermarket comes up with promotional leaflets or catalogues to let their customers know what good deals they have for the week or month. Get hold of these leaflets and start comparing prices. You can even look for them on their websites.
If you are looking to buy food stuff for Raya early, find the best price and buy in bulk. However, this does not apply to fresh produce as you may end up wasting money instead of saving when the produce rots before you can finish.
For the usual perishable food items that have a slightly longer shelf life, such as condensed milk, cookies, chocolates and candy, you can buy in bulk and in advance when the price is slashed.
2. Look for free money
Who doesn’t like to shop for free? And no, this writer is not losing her mind. It’s entirely possible to shop without paying a single cent. You just need to know where to go.
If you are looking to pick up some household items for Raya at Lazada, we can definitely hook you up with some vouchers. Apply for selected credit cards with us, and you will get a cool RM100 Lazada voucher from us upon approval.
Yes, it is as easy as that. Kill two birds with one stone – get the right credit card that rewards you for your spending and a RM100 voucher to make anything you buy on Lazada, a 100 bucks cheaper!
Don’t wait. Get your RM100 Lazada voucher now!
3. Shop with the right plastic
With the rising cost of living, and wages that do not raise in tandem, the most obvious choice to survive is to tighten our belts.
However, you don’t need to sacrifice every single thing. There are ways you can still afford some of the previous luxuries. Getting a high cash back credit card for your daily expenses like groceries will help you slash off some of price hikes. At the very least, you don’t have to worry so much about the 6% GST in your purchases.
How about luxuries like a designer bag for this Raya? Do you have to kiss that goodbye? Not necessarily. The UOB Lady’s Classic Card allows you to convert purchase above RM2,000 on designer shoes, bags, watches and jewellery into 6-month or 12-month instalment plan at 0%.
You can also earn up to 10% cash back on grocery transactions at selected merchants, and 3x UNIRinggit Reward Points for every RM1 spent at Aeon Store, Parkson, Isetan, Metrojaya, Sogo and Robinson.
Up to 10% cashback on grocery transactions at selected merchants3x UNIRinggit Reward Points for every RM1 spent at selected departmental stores
4. Sniff for deals online
Why pay full price when you can get a discount? It just takes a little more work from you.
If you are going for Ramadhan buffet, you can pay a fraction of the usual price by booking in advance or shop for it on group-buying sites like Groupon.
The Royale Bintang Kuala Lumpur charges RM89 nett per adult but if you purchase it from Groupon, you can get it at just RM59 nett. That’s a whopping RM30 saving per person.
There are many online vouchers and deals floating around on the web and it doesn’t hurt to go a Google search to save some bucks.
5. Envelop that budget
Envelope budgeting has been around for a very long time. We even had a reader sharing how envelop budgeting worked for him to pay off his RM60,000 debt. However, if you are not in debt and prefer a little more freedom in your expenditure, you can just adopt the envelop budgeting at certain times.
The few weeks before Raya usually involves a lot of shopping, making sure you have everything you need. During your shopping craze, we can definitely get lost and break the budget. But you can adopt this budgeting method while preparing for Raya.
Set how much you want to spend for Raya, and divide the money according to different categories. For example, you may allocate RM500 on baju raya, and RM800 on food for Raya, and RM500 on travel back to kampung. Take the cash out from your account and put it into individual envelope.
The most important part of this method? STICK TO IT. If you overspend on one category, cut back on another.
The rising cost of living and the current economic climate can hurt our budget, but we don’t have to make it an excuse to not have our usual Raya tradition. It just takes a little more planning to ensure our finances are taken care of for Raya.