Budgeting During Ramadan and Eid in Saudi Arabia | Giraffy
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Budgeting During Ramadan and Eid in Saudi Arabia

Ramadan and Eid are significant times in Saudi Arabia, marked by spiritual reflection, increased social activities, and higher spending.

Budgeting During Ramadan and Eid in Saudi Arabia

Ramadan and Eid are significant times in Saudi Arabia, marked by spiritual reflection, increased social activities, and higher spending. Effective budgeting during these periods can help manage your finances smoothly without stress, ensuring you can fully enjoy these meaningful occasions.

Why Special Budgeting Matters During Ramadan and Eid

During Ramadan and Eid, expenses typically rise due to:

  • Increased grocery shopping for iftar and suhoor.

  • Hosting or attending gatherings and events.

  • Buying new clothes, gifts, and decorations for Eid.

  • Charitable giving (Zakat and Sadaqah).

Steps for Effective Budgeting During Ramadan and Eid

1. Estimate Additional Expenses

Review previous years' expenses during Ramadan and Eid to estimate how much extra you usually spend. Categories include:

  • Food and groceries

  • Gifts and Eid clothing

  • Charity donations

  • Home decorations

2. Create a Dedicated Ramadan and Eid Fund

Start saving early by allocating funds each month specifically for Ramadan and Eid. Having a dedicated savings fund helps manage expenses without impacting your regular budget.

3. Plan Meals and Shopping Strategically

  • Plan iftar and suhoor menus weekly.

  • Buy groceries in bulk and benefit from special Ramadan discounts and offers.

  • Avoid impulse buying; stick to your planned shopping list.

Tip: Use financial planning tools like Giraffy to track grocery expenses and find the best deals during Ramadan.

4. Set Clear Limits on Eid Spending

Define a budget for gifts, clothing, and decorations. Communicate clearly with family and friends about your budget limits to avoid overspending.

5. Prioritize Zakat and Sadaqah

Calculate your Zakat early and set aside funds for charity. Factor this essential expense into your Ramadan budget to ensure compliance with religious obligations without financial stress.

Practical Example

If your monthly income is SAR 10,000, consider a budgeting example for Ramadan:

  • Groceries and Meals: Additional SAR 1,500

  • Eid Gifts and Clothes: SAR 2,000

  • Zakat and Charity: SAR 500

  • Decorations and Miscellaneous: SAR 500

Total additional budget for Ramadan and Eid: SAR 4,500

Start saving SAR 375 monthly over the year or SAR 750 monthly if you start six months ahead.

Tips for Stress-Free Ramadan and Eid Budgeting

  • Begin saving months in advance to build your dedicated fund.

  • Take advantage of Ramadan and Eid sales for necessary purchases.

  • Regularly track your expenses using budgeting apps like Giraffy.

Common Mistakes to Avoid

  • Overspending on impulse purchases: Plan and stick strictly to your budget.

  • Underestimating costs: Carefully track previous years' expenses to create realistic budgets.

  • Ignoring charitable obligations: Budget separately for Zakat and Sadaqah to fulfill religious duties comfortably.

Final Thoughts

Effective budgeting during Ramadan and Eid ensures you can participate fully in these special occasions without financial worry. By proactively saving, planning strategically, and utilizing tools like Giraffy, you maintain financial stability and enjoy a meaningful, stress-free Ramadan and Eid.

Take control of your Ramadan and Eid budgeting with Giraffy—your trusted financial companion.