When we receive money, our goal is usually to make it last. But reality doesn’t always align with our intentions—especially when payday arrives. My aim might be to save money until the end of the next month.

Often, that income gets drained to cover daily expenses and lifestyle needs, leaving little to no room for saving—even when our earnings are actually sufficient.

To tackle this issue, we can start a savings plan. But aside from saving traditionally, cutting back, or holding off on spending, there are alternative approaches to managing money. One of them is allocating the funds you already have.

This means placing your money strategically into specific channels. Fund reallocation isn’t just an alternative to conventional saving—it also opens up the possibility for financial gain.

You don’t need a huge amount of money to start; just use what’s within your means. You don’t have to allocate your entire salary—what matters is prioritizing essential daily expenses. Even something as modest as IDR 1 million can be used strategically to generate profit.

6 Ways to Make the Most of IDR 1 Million

Want to know how to effectively grow IDR 1 million for maximum profit? Explore the options below:

1. Become a Reseller or Dropshipper

Starting a business is one way to turn money over. With IDR 1 million in hand, consider becoming a reseller or dropshipper, both of which are popular because they require minimal startup capital. Since you don’t need to stock inventory, you avoid clutter and storage issues.

Your role is that of a middleman. Simply promote products. When you receive an order, just pass it on to the supplier—they’ll handle the shipping directly to the customer.

Read: The Advantages of Deposits at neobanks. From Competitive Interest to Flexibility

2. Start Investing in Mutual Funds

Another way to grow your money is by investing in mutual funds, especially if you’re looking to invest a relatively small amount over a shorter time frame. Compared to other types of investment, mutual funds typically carry lower risk.

You can choose from four types of mutual funds: money market, fixed income, balanced, and equity funds. Investing is now more accessible and convenient, as it can be done easily online through apps.

3. Invest in Gold

Besides mutual funds, gold is also a great investment option. Gold tends to hold its value against inflation, offering stability and growth potential. As a result, saving in gold is often a smart and profitable choice due to its consistent value.

Much like mutual funds, gold savings can also be done online through apps or marketplaces. You don’t need to worry about physical storage. Plus, it’s easy to pawn or sell the gold you’ve accumulated when needed.

4. Try P2P Lending

A quick way to rotate IDR 1 million is by investing in P2P (peer-to-peer) lending. In short, P2P lending connects borrowers with lenders. Through a fintech platform, you lend money to people in need and earn interest in return.

For example, if you invest IDR 1 million into a P2P platform after some analysis, you may get back IDR 1.1 million. That profit comes from the interest paid by the borrower. P2P lending can be a profitable way to make your money work for you.

Read: Calculating Profit with Deposit Calculator

5. Sell Pre-loved Clothes

Another way to spin IDR 1 million is by buying and reselling secondhand clothes that are still in good condition. Use your funds as capital to source trendy items that suit your taste. Then, boost their value by styling and photographing them well.

Thrift stores and secondhand fashion are booming, especially among younger generations. They offer affordable, unique items and promote sustainability. Wearing secondhand clothing benefits the environment and supports eco-friendly habits.

6. Open a Time Deposit

You can also grow your IDR 1 million by placing it in a time deposit. As a type of investment instrument, time deposits offer higher interest rates than regular savings accounts. This means you can earn passive income over a set period of time, based on the term you select.

You don’t need to do anything. Just store your money in the deposit, and after some time, you’ll see the interest profits accumulate.

These are some ways to rotate and grow IDR 1 million effectively. No matter which method you choose, remember—there’s no instant route to success. Everything takes time and effort.

So, start using your money wisely for something meaningful!

Download neobank on PlayStore or App Store now!

For complete information and terms & conditions regarding neobank products, click the following links:

- WOW Time Deposit: https://bit.ly/EdWebDepositoWOW

- FLEXI Time Deposit: https://bit.ly/EdWebFLEXI

If you want to try neobank products, click the links below:

- WOW Time Deposit: https://bit.ly/DepositoWOWEdu

- FLEXI Time Deposit: https://bit.ly/EduDepositoFLEXI

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PT Bank Neo Commerce Tbk is licensed and supervised by the Indonesia Financial Service Authority (OJK) and Bank Indonesia (BI), and an insured member of Deposit Insurance Corporation (LPS).