5 Tips to Start Saving for Hajj While You're Young

Inspiration from Jombang Residents: Collective Savings for Umrah

According to Kompas.com, an inspiring story comes from a village in Jombang, where 52 residents successfully embarked on their journey to the Holy Land for Umrah. This began with a simple idea; saving IDR 10,000 (approximately $0.65) per day together.

After several years of disciplined saving, they accumulated enough to finance their pilgrimage. This story demonstrates that with commitment and discipline, even the most ambitious goals can be achieved, regardless of financial limitations.

If saving for Umrah can be done this way, preparing for Hajj can certainly be started early using similar methods. Consistent, gradual savings are key to planning your journey to the Holy Land. But how exactly can you effectively prepare for Hajj from a young age? Here are a few tips to guide you.

1. Start Saving Now

Just like the inspiring story of the Jombang residents who saved IDR 10,000 per day, you can start saving the same amount, or even more, depending on your financial capacity. Let’s break it down for a clearer understanding:

If you save IDR 10,000 per day:

In 1 month, you will have:
IDR 10,000 x 30 days = IDR 300,000
In 1 year (12 months), your savings will amount to:
IDR 300,000 x 12 months = IDR 3,600,000

If the current cost to secure a Hajj spot is around IDR 25,000,000, you would need to save for:

IDR 25,000,000 ÷ IDR 3,600,000 = 7 years (assuming no increase in costs)

However, if you increase your daily savings to IDR 20,000, you can reach your goal faster:

IDR 20,000 x 30 days = IDR 600,000 per month
IDR 600,000 x 12 months = IDR 7,200,000 per year

With this amount, you can reach the target of IDR 25,000,000 in:

IDR 25,000,000 ÷ IDR 7,200,000 = around 3.5 years

The key to this saving method is consistency. InshaAllah, the earlier you start, the sooner you can fulfill your dream of performing Hajj.

2. Create a Dedicated Budget for Hajj Savings

In addition to daily or monthly saving, it's essential to organize your overall budget wisely. Create a dedicated budget specifically for your Hajj savings, separate from your routine expenses.

For example, if you have a steady income, allocate a specific percentage each month solely for your Hajj savings.

Let’s say you earn IDR 5,000,000 per month; you could allocate 10% or IDR 500,000 each month for Hajj. In one year, you will have IDR 6,000,000. This method ensures that your personal finances remain intact while you focus on saving for your pilgrimage.

3. Take Advantage of Hajj Savings Products

To make financial management easier, you can utilize Hajj savings products offered by Bank Muamalat, the iB Hijrah Hajj Saving Account. Which is specifically designed to help prospective pilgrims accumulate funds for Hajj.

This savings account offers benefits such as a low initial deposit, automated monthly contributions, and, of course, compliance with Islamic principles. With a dedicated Hajj savings account, you can maintain discipline in saving and gain access to a Hajj spot as soon as your savings reach the required amount.

4. Look for Additional Income Streams

Having an additional source of income can help speed up your savings process. Consider side jobs such as online selling, freelancing, etc. Any extra income can go straight to your Hajj savings, allowing you to reach your goal faster.

For instance, if you manage to earn an extra IDR 1,000,000 per month, you will accumulate IDR 12,000,000 in a year. This additional income could reduce your saving time to just 2 or 3 years, depending on the total amount you aim to save.

5. Consider Long-Term Investments

Aside from saving, you might also want to consider long-term investments. Islamic mutual funds or gold are great alternatives to grow your savings over time. Just make sure to choose safe investment options that align with Sharia principles.

Long-term investments will help your money grow, especially if you have a few years before your planned Hajj departure. However, always ensure you understand the risks and potential returns of each investment type.

Start Preparing for Hajj from a Young Age

Preparing for Hajj from a young age is a smart decision that can be achieved through careful planning and discipline. Consistent saving, using Hajj-specific savings products, finding extra income, and making wise investments are all effective ways to realize your dream of visiting the Holy Land.

By starting early, you can embark on this sacred journey with greater peace of mind.

Start saving today with the iB Hijrah Hajj Saving Account and make your dream of Hajj a reality!

5 Tips to Start Saving for Hajj While You're Young

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