Tips for Long-Term Saving for Hajj

Going on the Hajj pilgrimage is the dream of many Muslims around the world. However, realizing this dream requires careful and planned financial preparation. Long-term saving is the key to being able to go on Hajj with peace of mind and comfort. To achieve your dream of going on pilgrimage, here are some long-term saving tips that you can apply.

Create a detailed budget

The first step is to make a clear budget. Determine the cost needed for Hajj, especially the particular Hajj programme that you are interested in –  taking into consideration inflation and other additional costs.

With a financial plan in place, you will know how much you need to save each month.

Start saving in a time deposit savings account

One of the safest and most profitable long-term saving options is through deposits. You can look for deposits that offer higher-than-average interest rates, so that your money can compound faster.

Nobu Bank offers various deposit products with higher interest rates than regular savings. This can be a solution for you to save for Hajj.

Invest

If you are comfortable taking a higher risk to receive a higher return, you can also invest. Investments can provide potentially higher returns in the long run.

The important thing is that you choose investment products that suit your risk profile, and save consistently.

Reduce unnecessary expenses

To do this, the first step is to evaluate your monthly expenses. This can be done easily on the Nobu App by looking at your transaction history.

From this evaluation, you can proceed by reducing unnecessary expenses. The funds saved from these expenses can be diverted to your Hajj savings, which can significantly increase your funds over time.

Nobu Bank understands the importance of financial preparation for Hajj. That's why we offer deposits with competitive interest rates and other conveniences. By choosing Nobu Bank as your savings partner, you can feel more relaxed and focused in pursuing your dream of going on Hajj.

With the steps lined out above, realizing the dream of going on Hajj is no longer just wishful thinking, but a possible reality. Visit the nearest Nobu Bank or access Nobu Bank's official website for more information on deposit products and other banking services.

Happy saving and may your dream to go on Hajj be realized soon!