Id el Kabir is around the corner, and Muslims all over the world are preparing for the celebration. Although Muslims are encouraged to celebrate the season with a blast, the current financial situation of the country may force many to have a rethink this year.
If you are yet to begin preparations because celebrating Eid in your usual fashion will put a considerable strain on your finances this year – here are some ways to celebrate without breaking the bank.
Make a Plan
The first thing you need to do is create a spending plan that won’t put you in a financial straitjacket.
How much can you allocate from your income to make the holidays work? What type of celebration do you want to have? Asking yourself these questions will help you avoid excessive spending and the ultimate misery it brings.
Shop Intelligently
Once you’ve decided the type of celebrations you want, go ahead to make a shopping list of things you would need and buy in bulk (especially if you’re planning a large feast).
Buying in bulk significantly reduces cost in the long run, and you may have some extras left for your use even after the celebrations, a win-win situation.
Plan Get-Togethers Together
Visiting relatives and planning get-togethers individually can be costly and time consuming. Instead, plan get-togethers with some family members and split the costs of food, drinks and other expenses.
This is a great way to have a great time with family, curb excessive spending and reduce wastage as well.
Gift Wisely
Gift-giving does not have to be expensive or extravagant. You can create personalized homemade gifts that your family members will love. Remember that quality time is also a gift, so you do not need to leave your account in the red to give gifts to your loved ones.
Stick With Your Plan
It is easy to get carried away with the fun activities that come with the season and be tempted to spend more. DON’T DO THAT! Remember that you have crafted a personal plan to provide maximum enjoyment with minimum stress.
So enjoy the moment as much as possible, but don’t lose guard. Stick with your initial plan.
Have an amazing holiday and don’t forget that Rosabon Financial Services is here to walk you through achieving your financial goals seamlessly. Happy Eid Celebrations!
