Ramadan is a special time for every Muslim, no matter where they live. However, this time is also unique regarding budget planning, as grocery and charity expenses may rise. This article will explore how to manage your finances during Ramadan.
Shortly about Ramadan
For those, who want to know what is ramadan and what the ramadan rules are, let us explain briefly.
What is Ramadan?
Ramadan is the ninth month of the Islamic lunar calendar and is considered the holiest month for Muslims worldwide. It is a time of fasting, prayer, reflection, and community.
When does Ramadan start?
In 2025, it’ll start on Friday, February 28, and end on Sunday, March 30.
In 2026, Ramadan is expected to begin on Wednesday, February 18, and conclude on Friday, March 20.
In 2027, it’ll be from Monday, February 8 to Tuesday, March 9.
How long is Ramadan?
Ramadan lasts for 29 or 30 days, depending on the sighting of the crescent moon. You need to check the exact dates of Ramadan every year.
What are the Ramadan rules?
There are a lot of rules to follow. Some of them are:
- No eating or drinking (including water) from Fajr (pre-dawn) to Maghrib (sunset). Eating the meal before the dawn is called the 'suhoor' or 'sehri' and after the sunset — the 'iftar'.
- Perform the Salah on time.
- Give Zakat to help those in need.
Overall, during the Holy month, you should reach the spiritual level of your life and be above your physical needs. Prepare by reading Ramadan rules and asking other Muslims about their previous experiences.
Now, we’re ready to dive into financial planning during Ramadan.
How to manage money during Ramadan?
If you’re asking this question, you’re already halfway through having a fantastic financial plan. We prepared some tips on how to avoid overspending during the Holy month.
Look at the food expenses
Groceries expenses may rise because of the special meals and hosting guests. Maybe you can replace some of the products that are not part of the traditional recipes with something cheaper. Considering how long Ramadan is, planning your eating budget is a great tip on how to manage money.
Save in advance for the charity giving
Ramadan happens every year, so you can start putting aside some funds during the year to spend on charity during the Holy month. Even 1% of your salary saved monthly can make a huge difference in your Ramadan experience.
How to avoid overspending while supporting people back home? Use Profee.
Shop smart
Some companies and shops offer special discounts during Ramadan. Tracking them will be a good strategy for using your funds wisely. You can search for deals online and check the shops' apps.
How to manage money? Often, communication with other people is the key, as they can share some advice, so ask other Muslims in your city about the special offers that they discovered.
Be creative with Eid gifts
How to manage finances when you have to buy some presents? Firstly, consider DIY. If you create something yourself, it'll make the gift even more touching. Secondly, shop in advance to take advantage of sales and not spend a fortune on delivery. Lastly, if you live abroad, use Profee to send a present to your loved ones back home.
Track your spendings
Last but not least, always keep an eye on your budget and adjust it if needed. You’ll eventually understand how to manage your money, if you constantly check the real situation. Keep a daily or weekly record of your expenses to monitor where your money is going. Use budgeting apps or a simple notebook to ensure you stay within your limits.
Conclusion
In this article we discussed when does Ramadan start, how to manage finances and how to avoid overspending during the Holy month. Use your funds wisely and focus on what really matters during this special time.
