Received Your Salary? Receive Your Plan!

Received Your Salary? Receive Your Plan!

Financial Planning and Overcoming Seasonal Crises

How can financial planning help you overcome the "Shawwal year" crisis? A journey that begins with awareness, continues with planning, and ends with peace of mind.

Imagine: The third day of Eid, wearing your best clothes, with a cup of coffee in your hand, you open the bank app... refresh the page, and the balance doesn't change. You read the shocking statement: "Your current balance: 50 riyals." A moment when you feel like you've woken up to a nightmare, and the question repeats in your mind: "How did I get here?"

💡 Rest assured... We're still in Ramadan, salaries have just been deposited, and you still have plenty of time to set your financial plan. As your trusted partner in your journey toward financial awareness, our team has prepared a solid plan to avoid the "Shawwal year" crisis.

First: Before Eid - Everything Starts with a Plan

Every spending season has its uniqueness and deserves a pre-prepared plan. How do you start?

· Identify expected costs: Write a detailed list of primary and secondary expenses (clothes, outings, bills, Eid gifts, etc.), ensuring that Eid expenses do not interfere with your basic needs budget.

· Set a clear budget: Cover your needs first, and don't forget to be honest in prioritizing.

· Start saving early: Create a seasonal savings fund well before the occasion to ensure you have an amount that covers all expected costs. (Keep in mind that the best time to plan and save for the next Eid starts from the Rajab month salary).

Second: During Eid - No Excess, No Negligence

Remember that true joy doesn't come from consumption, but from contentment and peace of mind.

· Control yourself: Financial discipline isn't deprivation but respect for your goal and future.

· Recall the saying of the companion Omar bin Al-Khattab: - may Allah be pleased with him - to Jabir bin Abdullah: "Do you buy everything you desire?"

· Enjoyment doesn't mean recklessness: And generosity doesn't mean exceeding your budget.

Our advice for controlling expenses:

· Avoid random shopping: Return to your plan before making any financial decision.

· Don't fall into the trap of social comparisons: Don't spend according to how your peers spend, as your financial situations and goals are certainly different.

· Stick to your budget: Stay away from credit card purchases that may harm you more than benefit you if you don't have the amount to pay off the card afterward.

💡 Remember: Self-control is a skill acquired over time, not overnight.

Third: After Eid - Be Honest with Yourself, and Prepare for What's Coming

After any spending season, make sure to have a candid session with yourself to evaluate your financial situation.

· Review your expenses: Ask yourself what was truly necessary? And what could have been dispensed with?

· Don't beat yourself up: It's natural to exceed the budget sometimes, but the important thing is to learn from the experience.

· Start building a savings fund immediately: To be prepared for the next season without financial pressure.

💡 At Tamra Finance, we provide you with an "Emergency Fund" that helps you save wisely and protects your money from the effects of inflation.

Fourth: Conclusion - Is Shawwal a Month or a Year? The Decision is Yours!

The month of Shawwal may feel heavy and long, like a whole year, if planning is absent.

The Tamra Finance team believes that your financial awareness, smart planning, and seasonal savings fund are your real tools to avoid seasonal financial crises.

Don't leave things to chance. Invest in your financial awareness today, and be prepared for any spending season, so you don't find yourself at the end of the month mastering "the arts of austerity" and living on fifty riyals until the next salary drop!

💌 If you've managed to master "the art of austerity," please share your experience with us at: [email protected] so we might be inspired by your story and benefit others!

💡 Always remember: Financial awareness isn't just about numbers, but a lifestyle.