Ramadan is just around the corner! As you prepare yourself physically and spiritually, don’t forget to check your finances too. Many people unknowingly have spending habits that drain their wallets before Eid even arrives. To enjoy a worry-free Ramadan and keep your finances in check, it’s time to break these habits now.
1. Impulse Shopping? Time to Stop!
Ramadan discounts can be tempting, but if you’re not careful, your holiday bonus (THR) might disappear before Eid. To stay in control, make a shopping list and set a budget. Try the 24-hour rule, wait a day before checking out non-essential items. If you still find yourself overspending, consider using a separate shopping wallet to track your expenses.
2. Buying on a Whim = Empty Wallet
Ngabuburit (pre-Iftar outings) often turns into a food spree, and with online food delivery promos everywhere, your balance could run dry before Ramadan ends. Limit online food orders to once a week and set a specific budget for treats. If self-control is tough, try uninstalling shopping apps temporarily.
3. No Emergency Fund? Ramadan Could Get Stressful
Grocery prices go up, meal expenses increase, and unexpected costs can arise. Without an emergency fund, these surprises can throw off your budget. Aim to save at least 10% of your income in a separate account to avoid temptation. And when your THR comes in, don’t spend it all at once, set some aside for emergencies!
4. Financial Protection? A Must for Peace of Mind
What if you suddenly fall ill or lose income during Ramadan? Without financial protection, unexpected situations can lead to unnecessary stress. One of the best ways to safeguard yourself is through financial coverage. PFI Mega Life offers a range of insurance plans tailored to your needs, so you can focus on your worship without financial worries.
5. Remember Zakat, Not Just Flash Sales
Many people leave their zakat payments until the last minute, even though it’s an essential part of Ramadan. To avoid forgetting, set aside your zakat funds early and use an online zakat calculator to determine the right amount. It’s now easier than ever to make your zakat payments through financial apps.
Which of these habits are you still guilty of? It’s never too late to start making better financial choices! And don’t forget to protect your finances with the right coverage. With better financial management, you can worship with peace of mind and make the most of this blessed month.
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