The month of Ramadan is a month that is eagerly awaited by Muslims. This month a lot of people are hunting for big discounts. In addition, don't forget to hunt takjil before breaking the fast and follow the many invitations for bukber from friends and relatives.
These things certainly require large financial expenditures, then how do you manage finances during the month of Ramadan? Here's how to manage finances during the month of Ramadan. Let's see more information here!
1. Manage Your Daily Expenses
The way to manage personal finances in the first month of Ramadan is to manage your daily expenses. The monthly spending budget will increase during Ramadan, both online shopping and coming to shopping places.
Therefore, to avoid running out of savings, you have to manage daily costs, such as shopping for daily necessities, shopping for Eid preparations, and so on.
2. Choose an Iftar Agenda that is Economical but Fun
The next way to manage finances is to choose an iftar agenda that is economical but still fun. In the month of Ramadan, the agenda for breaking the fast together begins to spread from old friends, college friends, co-workers, relatives, family, and others.
You can choose an interesting and exciting iftar agenda without having to spend a large budget.
3. Avoid Buying Products or Goods in Installments
Avoiding shopping for products or goods in installments is one of the tips for managing your finances during Ramadan, you know! Buying goods or products in installments will certainly be burdensome so you have to set aside your money every day or every month. It's better to collect money and buy in cash so you don't have to pay bills in the future.
Well, those are tips for managing your finances during Ramadan so you don't go crazy shopping when you see the discounts that are scattered. Buy goods or products according to needs, not wants.
Don't let you waste money so you spend your savings before Eid. Hopefully useful and happy fasting for those who run.
Hey 👋 - download Gotrade to invest as little as $1 in any US stock on an easy to use, commission-free platform. Get $100 in free stock using this link: