– Purvi Munot, Co-founder & CEO, Sav
Ramadan is one of the most generous, charitable, and holiest months of the year. And although we all want to be as giving as possible during this time, It is also the perfect time to reflect on our spending behavior and make a conscious shift towards more sustainable consumption and keep our financial abilities in mind. Because let’s face it, Ramadan can be an expensive time of year, with all the food, decorations, and gifts. But fear not, here are some handy tips, to help you save some cash during this blessed month.
- (A dirham in this world and a dirham in the hereafter) We often overspend on lavish iftar and suhoor meals during Ramadan, but remember that the true essence of this month lies in the spiritual gains. Instead of splurging on fancy spreads, opt for simpler meals and instead donate the money saved to charity. This way, you’ll be saving money while also earning blessings for the hereafter.
- (Finish the yogurt before it spoils) Plan your meals ahead of time and make a grocery list. This will help you avoid unnecessary trips to the supermarket where you may end up overspending on items you don’t need. Also, make sure to use up all the food in your fridge before it goes bad. This will not only save you money, but it’s also good for the environment.
- (Breakfast at home, sweetie!) Try to avoid eating out for iftar or suhoor, as restaurant meals can be quite expensive. Instead, cook at home and invite friends and family over to share the meal with you. This way, you’ll be able to save money while enjoying the company of your loved ones. In addition to this, look for budgeting or finance management apps or deals and discounts that can help you stretch your dirham.
- (Buy gifts early) If you plan on giving gifts to friends and family during Eid, start your budgeting and shopping early. Plus, you’ll avoid the last-minute rush and the stress that comes with it. You can also use saving apps that help you keep track of your shopping budget. A tip to keep in mind is to try and avoid getting carried away with the buy now and pay later features, and look for more sustainable consumption options.
- (Cover your head in the heat) Lastly, try your best to save on your utility bills during Ramadan. Keep a look out for websites & apps, such as Sav, that provide discount coupons and vouchers. You can use the discount coupons to save 10-15% on your utility purchases.
There you have it, folks! Five quirky and refreshing tips to help you save money during Ramadan. Remember, this month’s goal is to increase our spirituality and do good deeds. So, let’s try to be mindful of our spending and use our resources wisely. Ramadan Kareem!