
If you’ve been hurt at all by the money crisis, my condolences. Having security in this part of your life is so real, may Allah SWT ease your burden and show you a way out from places you least expect it. Ameen
I’m not a financial expert, but I have some strategies I learned from my mom, may Allah SWT preserve her and give her all that is good in this life and the next. She always taught me that the maintenance of a household will fall on the savvy woman of that house and the best way to do that is, to directly quote her, by “CUTTING THE OVERHEAD!”
So, here they are, the strategies to help you, the savvy Queen of Sheba weather the financial storm inshAllah.
#1 – Home is where the Food Is
The burden of eating out is a large one, especially if you have a big family to feed. But, I know the lure of McDonalds fish burgers when you’re busy and your children love the taste. My solution is to really plan dinners on a weekly basis- and to actually include ‘junk food’ days. I grocery shop once a week with a very thorough list – knowing what’s needed for each dinner day. I’ll get frozen fries and fish fillets, and all the fixings – and make it myself.
The children know it tastes better than McDonalds – the hands that made it were washed (health scares at restaurants are all over the place, I stress to them), they can eat as much as they want -the happy meal barely covers my 2 year old
and I’ve saved over half the money I would have spent.
The same goes for more expensive restaurants too. The secret is in providing the variety they want and great planning on my part. BTW, this site is my favorite; allrecipes.com because you can enter an ingredient, sort by rating, and make 5 star recipes all the time.
#2 – Do I really need that? Abstinence is a good thing.
When it comes to spending money, separating needs from wants is a good thing. You’ve heard this before, I know. But really believing it, and being happy with your decision to not waste your money is a conscious thing that won’t have you feeling deprived. Check out my example:
For years, I’ve been wanting a KitchenAid – if you don’t know what it is, it’s basically a standing mixer. It usually costs almost $400, but it’s been on sale for $250 for the last few weeks. Is is time to buy for me? When I sat down to think about it, I realized it does what my $25 hand held mixer already does with just a little less effort. $25 or $250? I don’t need to be out the higher amount, even if it’s on sale. And honestly, am I running a bakery here? I just get one of my children to hold the hand held, and it’s all good.
Let me take this opportunity to apologize to all the single sisters for the kitchen analogies (I’ll try to do better on the next one.)
#3 – The Queen of Sheba goes Green
Is that better, dear single sisters? Not only is being more aware of our environment good for our environment, but it will allow us to save money too.
Letting the water run when your washing the dishes? Not good. Using hot water to wash your son’s post workout gym clothes? I know it might take more soap, but… Have all the lights on at once? Try only one. The 3 R’s – reduce, reuse, and recycle are just begging for you to get creative with.
The ways to go green are plentiful, alhamdullilah. A quick google search will show countless ways – so how will you implement some today?
#4 – Public transportation rocks!! I think…
My daughters love getting on the train, mashAllah. It’s fun for them. They go to cool places, see nice things, get smiles from kind old ladies, and… I’m sure they could add to the list.
But I hate it. Asking myself why this is and challenging my thoughts can actually get me in the right mode to embrace public transportation, and save me some money.
I met someone on the bus who said that she rides because she feels like filling up her car’s gas tank is showing support for all that is unjust in this world. And if you put it that way….
#5 – Cheap thrills!!!
They say the best things in life are free. And thinking back, what are the moments you enjoyed the most? A walk in the park with someone you love? Playing tag with a good friend? Your baby’s first ‘mama’ or smile? The beauty of a rainbow or the sunset over the lake?
Get creative. Plan a vacation in your living room – or a party in the park – or a post Ramadhan sleepover with your friends. What can you think of?
I’ve said it before and here it is again: Happy people ‘rig’ their lives so that joy can find ways to enter. And cheap thrills can be a part of that. Taking the time to step back, smell the fresh air, be present and enjoy the moment is what makes you feel connected to what matters. Knowing that everything is going to be good, that the mercy of Allah SWT encompasses all, is knowing the thrills of life. And that is completely free.
#6 – Curse the Credit Card!
Not to go into the Islamic laws in regard to this one, but really credit cards are the curse of our day and age. That’s what the crisis of today boils down to, doesn’t it?
I only use mine for identification purposes, and recurring bills – and you never want to do this last one. Trust me, I’ve been burned. Just try stopping automatic payments with your credit card company and see what I mean. They won’t be on your side, despite it being your name on the card.
My mom taught me that if you have the cash, you can afford it. If you don’t, you can’t. Do without. If it doesn’t kill you, it’ll make you fatter
Debit is good, credit cards need to be thrown in the trash – but watch out for identity thieves.
#7 – Release Your Inner Entrepreneurial Queen!
You may have heard me talk about the ’samoosa lady’, a friend of mine who was able to harness her talent for making incredibly good samoosas, into a side business that had her living her dream much earlier than expected.
Where do your talents lie? How can you get creative and use them to generate income? What’s your business plan? Be your own best business coach and come up with a nitty gritty plan of action and then follow through. Do what needs to be done. And keep doing it!
The tawfique is, first and foremost, from Allah SWT. Having strategies that will help you, your family, and community to survive and thrive is part of doing your part.
I pray this was helpful.
What are your secrets and strategies? Perhaps you can help someone else…
How about we turn this into a potluck (another saving option that is lots of fun too :))…