Thursday, July 16, 2015

7 Tips to Control Overspending during Ramadan

Though Saudi Arab is a country with lavish lifestyle, the estimation is that 5 percent of the Saudis live below the poverty line. Yet, this growing problem of poverty is always concealed by the long list of Saudi billionaires, who squander money like water.  Though this overspending is being intensely criticized from many years through many television programs and articles, but all seems to go in vain, when statistics are viewed.  The unwise spending of money crosses threshold during the month of Ramadan, as spending on food for a Saudi Household in Ramadan matches to that spent in three other months of the year; as cited by an economist, Muhammad Al-Anqari. Some of the tips that will help you to pinch pennies and save you from reckless overspending, yet not make you a miser one are presented below.

Tips Control Overspending during Ramadan
  1. Spend According to a set plan. Make a plan on buying Ramadan groceries about two weeks before the start of holy month. Make a list of day-to-day particulars and also the bulk items that you will need throughout the month. Avoid buying things that are not on your list, when you go to the store. Making the list will not only keep you bound, but also keep you from forgetting to buy the items that are actually required.
  2. Make sure you don’t end up buying too much for Iftars with expected guests; that goes beyond your budget. Don’t overload your iftar tables with dozens of things that are likely to remain untouched. Buy the food that you need and don’t hoard up food items. Keep your fridge and cupboards organized, so that you don’t miss any item that you already have and don’t need to buy.
  3. Also, don’t overspend on making your house look utterly attractive to host lavish iftar get-togethers and Ramadan gatherings. Remember, it is not required to put the impression of your prosperity on guests.
  4. Avoid buying food items when you are fasting, because then your dry throat and growling stomach are likely to convince you on buying food items in bulk, that are not required. Buy groceries after Maghreb prayer, if possible. Also, don’t get trapped by the advertisements; they are likely to blast out your budget.
  5. Prefer buying small containers of food rather than large ones. Also, make sure you check the expiry date on all items, so that they don’t get wasted. Keep a check that you buy healthy food. Avoid spending on soft drinks for sehr and iftar timings as experts say they can cause severe kidney problems; stick to water as it is the best to quench thirst and easily gets consumed by the body.
  6. If you want to save, be prepared to look for alternative cheaper products at the supermarkets that sell things at reasonable prices. Refrain from buying unwanted stuff, even if they present with clever marketing deals like: buy one get one free, to grab your attention.
  7. In the end, don’t forget the poor families who live a few kilometers from the luxurious malls, as Ramadan is the month of giving.
Ramadan in Saudi Arabia
  1. Is 27th Night of Ramadan the Lailatul Qadr?
  2. Things to do on Lailatul Qadr in Ramadan
  3. New Regulations for Iftar at Grand Mosques
  4. Iftar Parties –Oasis for Lonely Expats
  5. Dr. Aafia Siddiqui is fasting in American Jail


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