Consumer & Retail Banking
Consumer & Retail Banking

How to Manage Your Financial Needs in Ramadhan


In the month of Ramadan, in addition to reproduce the worship then it should be the right time to save because for 1 full month we are required to fast either withstand lust or hunger and thirst where time to eat and drink we are limited at the time of breaking and sahur so that the daily consumption needs we become diminished. But in fact many found that these needs even be increased, causing large expenses especially when coupled with the iftar with friends and relatives are usually held in special places such as restaurants and other eating places.


Not to mention when Lebaran ahead of other needs beyond basic needs such as Lebaran parcel, new clothes, envelopes for family and so on become a tradition of hereditary, especially in Indonesia. It is indeed a common thing among our society because the moment of Ramadhan and Eid is considered as the right time to mutually intertwine friendship. But in terms of expenditure this should still be addressed wisely so that does not happen a situation with the term "Large pegs rather than poles" which means greater spending than income.


Here are some tips you can use to manage your financial management in the month of Ramadan so that it can be arranged better:


1. Prioritize expenditures for Zakah and Alms

The month of Ramadan is a holy month in which we should have more worship and doing good so it is very important for us to prepare a special expenditure item for this. The obligatory and most important is the expenditure for the zakat, then set as well as expenditure items for alms because alms own highly recommended in Islam with so many benefits gained, one of which alms can give blessing to the property we have.


2. Create a special post for each of your expenses

In the month of Ramadan, you will need to make a special post starting from the most priority such as the need to break the fast and sahur, then you can also set aside other needs such as expenses for parcel, envelope widths, cakes, and so forth.


3. Holding on Lust

Even if you've made a plan to manage your finances in the month of Ramadan, but the most important of all is to restrain the lust to buy various goods. In accordance with the essence that the month of Ramadan is a month where you are obliged to withstand lust not only to endure hunger and thirst but refrain from the temptation of various consumer goods that may not be too you need.


4. Keep spending some money to save

Although in Ramadan will be a lot of expenses, but make sure you still set aside your income to save. By saving you are investing your income for other needs in the future so that you still have deposits in the event of an emergency. Choose savings with the principles of sharia to be more calm with the system of profit sharing and akadnya also been set in accordance with the provisions in Islam. One of them you can open savings iB Muamalat, quite easy because you just attach the ID card and NPWP and initial deposit of 100 thousand rupiah. For complete information about Bank Muamalat's savings you can directly check here






Baca Juga :