The year 2026 presents a unique phenomenon for Indonesians. With Chinese New Year and the start of fasting falling in February, and Eid al-Fitr (Lebaran) at the end of March, we face a financial challenge called “Double Celebration.” Two major holidays in close proximity mean double expenses for red envelopes (angpao & THR), feasts, and travel costs. To prevent savings from running dry, a precise budget management strategy is essential.
Here are some “Double Celebration” strategies for managing your Chinese New Year and Eid al-Fitr budgets:
1. Clearly Map Out Your Budget for Chinese New Year and Eid al-Fitr
The first step is not to cut your budget, but to map out what you will buy. Interestingly, these two holidays have similar spending patterns, such as eating together with family and giving THR or Angpao to relatives.
2. Apply the “Sinking Funds” Method
Since the holidays are very close together, don't rely solely on your current month's salary. Use the Sinking Funds method by setting aside a special account for the holidays. Allocate your bonus/THR early. If you receive your bonus at the beginning of the year, immediately set it aside for Eid so that it won't be used during Chinese New Year. If your budget is limited, determine your top priorities. For example, prioritize your Eid trip home but simplify your Chinese New Year meals, or vice versa.
3. Smart Shopping & “Wholesale” Strategies
Taking advantage of the short time frame can be beneficial if you are smart about shopping. Buy baking ingredients such as flour, sugar, butter, and other dry baking ingredients that have a long shelf life. Buy in bulk (wholesale) to use for both celebrations. If you plan to send hampers to relatives who celebrate both holidays, consider sending one exclusive hamper between the two dates with a message saying “Happy Holidays.”
4. Be Wise in Giving (Angpao & THR)
This is usually the biggest expense. To keep it meaningful without breaking the bank, make a list of recipients and group them based on age or closeness (children, parents, domestic helpers). Don't feel pressured to give more than you can afford just for the sake of prestige. Remember, the essence of the holiday is to strengthen relationships, not to show off how much you can spend.
Dealing with Chinese New Year and Eid al-Fitr happening close together is challenging, but it’s not impossible to get through calmly. The key is to start planning now and be disciplined in resisting impulsive spending.
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