Skip to main content

Muslimah’s Guide to Saving Smarter



“Saving” is a term not necessarily restricted to money and finance. There are many different avenues where you could potentially save. some tips to start saving are as:

Use your wealth to your benefit

So you’re thinking Jimmy Choo’s and Louis Vuitton handbags, shopping sprees in Paris, Milan and New York, right? Wrong!

As a Muslim, it is our duty to acknowledge that whatever wealth we have been blessed with, is indeed a blessing from Allah. Use your wealth to cater to your own needs and halaal (permissible) desires, but always remain mindful that Allah has given you a measure of wealth to test what you will do with it, whether you will hoard it selfishly or spend an amount for His pleasure:

“And spend of your substance in the cause of Allah, and make not your own hands contribute to (your) destruction; but do good; for Allah loveth those who do good” [Qur’an: Chapter 2, Verse 195].

Don’t be wasteful

A visit to any restaurant or eatery presents the same scene: a family of four order enough food to feed a small army. The same thing happens in most of our homes. We’ve become thoughtless in our disregard for the less fortunate; we’ve become extravagant and wasteful without batting an eyelid. Many of us, go into shopping frenzies and literally “shop until we drop,” but my duaa for each of us is that we become aware of what we are spending, how much we are wasting and what the consequences of our actions are.

“O children of Adam! Wear your beautiful apparel at every time and place of prayer: eat and drink, But waste not by excess, for Allah loveth not the wasters” [Qur’an: Chapter 7, Verse 31].

Thankfulness leads to untold treasures

When a person says “Alhamdulillah” (All praises are due to Allah) for everything that he has been granted, Allah says:

“If you are grateful I will grant you increase (in your bounties) and if you are ungrateful then verily my punishment is very severe” [Qur’an: Chapter 14, Verse 7].

The message is simple: give thanks to your Creator and you shall be rewarded in abundance, In sha Allah.

Islam is a practical religion, and Allah
has made it easy for us to incorporate our religion and its teachings, into our daily lives. Now that we know what the Qur’an and Hadith say about saving and wastefulness, let’s look at some

practical tips to saving:

1. Know your money: Sounds fairly simple but many people get caught in the trap of not knowing what their disposable income is. It is important to know exactly how much you have so that you know how much to spend.

2. Learn to save: Ditch the credit cards if you can – spend cold, hard cash only, and my golden rule is “If I can’t afford it right now, then I probably don’t need it right now”.

3. Beat the budget blues: Sticking to a budget is an integral part of managing your family’s finances effectively. Cheating on your budget is cheating yourself. Be honest when you reflect amounts (i.e. income and expenses) on your budget – you can’t spend money you don’t have! Also, be mindful of saving – remember to save something every month, for those ‘rainy days’.

4. Get street-smart: Watch your local stores prices. Most stores have special offers from time to time – capitalize on these! They usually offer great savings and allow bulk purchasing. This means that you get more bang for your buck if you shop during these special offer promotions.

5. Saucy secrets: Most people claim NOT to eat leftovers. I beg to differ! Has anyone ever eaten biryani the next day and complained?! If your family is fussy about food, prepare just enough for one meal. You might also want to consider using last night’s left-over roast chicken for your kid’s school sandwiches.

6. Out of the closet: Ladies, ladies… I know – this is a weak spot for most of us. Rule number one: if you haven’t worn it in the past six months, it’s highly unlikely that you’re ever going to use it! Consider giving things that you don’t use (that are still in good condition), to charity. And if you want to be really creative and make a quick buck, consider a jumble sale in your front yard.

If you have any other suggestions or ideas, please share them in the Comments section.

Comments

Popular posts from this blog

SEX BEFORE MARRIAGE AND ITS CONSEQUENCES.

In the name of Allah, most compassionate and most merciful. “From among the signs of the Hour (end of time) are that religious knowledge will be taken away (by the death of religious scholars), ignorance will prevail, drinking of alcoholic drinks, and there will be a prevalence of Zina.” – Prophet (saw) We begin our topic with these words of our beloved Prophet. How true were his words? We live in a world where all these things are prevalent and unfortunately in our Muslim community as well. Many of our Muslim brothers and sisters are trapped in the evil of Zina and it has become a norm for them, as a result they don’t even consider it haram and unlawful. Allah says in holy Quran: Sūrah al-Isrā’, 17:32: “And do not even approach zina, for it is an outrageous act, and an evil way…’’ We are not going into detail about why Zina is unlawful but in this article, you will find the consequences of this sin. How this affects a life of a person physically, mentally, spiritually and so

MUSLIMS MOURN ALI BANAT - THE MAN ‘GIFTED WITH CANCER’

It’s a sad day for all those who knew Ali Banat, the young man gifted with cancer. Ali Banat was an inspiring Australian Muslim philanthropist whose diagnosis of cancer motivated him to dedicate his life to charity work. “At this point in my life, Alhamdulillah I have been gifted by Allah with cancer throughout my body and I have changed my whole life to helping people,” he said. An Inspiration to Muslim Youth A man of a kind heart was known for his charity work over the past three years. One of his biggest achievements is MATW project, (Muslims Around The World) launched in October 2015 to assist those less fortunate in the poverty-stricken areas of Togo, Africa. He was an inspiration to Muslim youth, dedicating his big fortune to charity work. His organization built mosques and schools for the less fortunate in Africa. May Allah accept it from him! Indeed, to Allah we belong and to Him we shall return. May Allah have mercy on our brother Ali Banat and make it easy

THE MAN WHO INSPIRE MILLIONS OF MUSLIMS EVEN WHEN HE IS PASSED AWAY (ALI BANAT)

Ali Banat is a sydney born who was diagnosed with Cancer and doctors have given him only 7 months to live. Despite his circumstances, he considers this a gift from Allah. Ali Banat, is a young man who, in his own words, was “gifted” with a stage 4 cancer throughout his body. He was given just a few months to live but took this great test as an opportunity to change his life. Upon receiving this news he immediately sold his business, gave up his lavish lifestyle and prized possessions and began a new mission to give up his Dunya and work for his Akhira. Ali has humbly dedicated the remainder of his life to helping those who are far less fortunate than him and in doing so, set up the charity MATW Project (Muslims Around The World) which has already changed the lives of so many. Being diagnosed with cancer is like death sentence for many. But this is not the way Australian Muslim Ali Ali Banat sees it. For him, the sickness is unquestionably a gift from Allah. “At this point in m