{"id":10242,"date":"2025-03-11T14:09:07","date_gmt":"2025-03-11T06:09:07","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=10242"},"modified":"2025-03-12T10:29:58","modified_gmt":"2025-03-12T02:29:58","slug":"5-tips-to-stop-yourself-from-overspending-this-ramadan","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/5-tips-to-stop-yourself-from-overspending-this-ramadan","title":{"rendered":"Tips To Stop Yourself From Overspending This Ramadan"},"content":{"rendered":"<p>Do you find yourself spending more in preparation for festive occasions?<\/p>\n<p>Many of us may find ourselves spending more during the Ramadan month (ninth in Muslim calendar).\u00a0 There is no reason why you should not spend money preparing for the coming festivities, but the trick is to not <em>overspend<\/em>.<\/p>\n<p>The Islamic calendar is based on lunar cycles, so it retrogresses about two weeks backwards every year. What used to be the fasting month a few years ago may not be the same today and therefore, it is important to be alert and keep that in mind when you are saving up for the festive season and plan your budget for that vital period of time.<\/p>\n<p>Here are some pointers on planning a thrifty Ramadan this year. So watch out, as sometimes our <em>wants<\/em> overtakes our <em>needs<\/em> if we are not careful.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1-Moderation-is-healthy-physically-and-financially\"><\/span><strong>1. Moderation is healthy, physically and financially<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We have all heard it before; folks actually tend to <a href=\"http:\/\/latimesblogs.latimes.com\/world_now\/2012\/07\/cairo-the-sun-slips-beyond-the-nile-and-the-fast-is-broken-as-they-have-done-for-centuries-during-the-holy-month-of-ramad.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">put on weight<\/a>\u00a0during <em>puasa<\/em> period, simply because they tend to over-compensate their stomach\u2019s need after abstaining for hours. During Ramadan, everyone loves to spend time at the bazaars available everywhere throughout the month.<\/p>\n<p>Even non-Muslims aren\u2019t safe with all the choices of dishes in various stalls offering mouth-watering temptations. You can plan wisely on what you need to avoid wastage later. In the excitement, you may not remember how much you have spent on one evening alone.<\/p>\n<p>Before you hit the bazaar, set a budget. If you are buying food for <i>iftar<\/i> for yourself, limit your spending to under RM20. If its only for yourself. If its for the family, set a limit of RM50. There is always a tendency to spend more when you are hungry! If you think this is not enough, don\u2019t forget that you can supplement bazaar food with your regular groceries at home.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2-Set-out-your-budget\"><\/span><strong>2. Set out your budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>During this holy month, it is good to have a financial blueprint set out so that you do not overspend. Remember your financial commitments don\u2019t stop for the fasting month. It\u2019s easy to be swayed to spend more with all the buffets and sales so it\u2019s good to prepare a plan before you start so you know how much you can and cannot afford.<\/p>\n<p>Remember\u00a0 that you need to balance your budget well. Don&#8217;t forget that <em>Hari Raya<\/em> is coming right after, where spending may go over the roof (sometimes literally if you consider the fireworks).<\/p>\n<p>Cut back on other expenses during the month to accommodate other expenses. One place you can cut down on is entertainment. For example, make fewer trips to the cinema during this period. Ensure your spending does not skyrocket.<\/p>\n<p>Fasting is a great opportunity to keep you aground and assess your financial situation as you prepare for the day of festivity. Always be prudent, and use Ramadan month as a good platform to practice your financial acumen.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3-Make-sure-you-shop-with-a-purpose\"><\/span><strong>3. Make sure you shop with a purpose<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>No matter which nationality you are or which race or religion you belong to, gluttony is a very human trait that we sometimes can\u2019t avoid. Whether you are a Muslim or not, the Ramadan bazaar is a prime example where one\u2019s heart just stops (not yet clogged by cholesterol hopefully) admiring array of dishes, drinks and desserts. That\u2019s triple delight for you; and if you are not careful, triple bypass.<\/p>\n<p>Spending is unavoidable in preparation for <em>Raya<\/em>. However, if you are shopping for new clothes, you can start buying or commissioning your tailor to make them in advance. You can take advantage of sale seasons throughout the year.<\/p>\n<p>Don&#8217;t squeeze all your expenditures into one month. Spread out your expenses over a few months so you won\u2019t be overwhelmed.<\/p>\n<p>Take it easy and remember the original intent of fasting in the first place. This is a month for you to keep a check on your physical and monetary health.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4-Avoid-too-many-lavish-buka-puasa-events\"><\/span><strong>4. Avoid too many lavish buka puasa events<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This particular point may be disagreed by those in the sales or public relations department, but there\u2019s no doubt about it, these can get expensive. Keep in mind that even though you feel hungry, you\u2019ll find it hard to eat enough to make the expenditure worthwhile since your body is actually able to eat less after a long period of fasting.<\/p>\n<p>If you can\u2019t live without a buffet for <i>buka puasa<\/i>, plan in advance, and limit how many times you visit a hotel or restaurants for buffets during this period.<\/p>\n<p>Hotels and restaurants may offer good deals, but when it comes to mass consumption, they are still big expenses compared to quiet meals at home to break the fast with your family and friends.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5-Continue-saving-for-rainy-days\"><\/span><strong>5.\u00a0Continue saving for rainy days<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Whatever you spend on during this month and the upcoming festive days, make sure you keep your saving activities running (common wisdom says put aside a minimum of 10% of your salary for this purpose).<\/p>\n<p>In fact, you may have already a separate saving that you intent to use to splurge during this once-a-year event, which is fine, but do not forget that life moves on after the festive season and you\u2019ll need your savings prepared for whatever may come.<\/p>\n<p>It is a time to save your energy; keep your mind at peace, and to resist urges to keep your spending as modest as possible.<\/p>\n<h6><em>This article has been updated on March 11, 2025.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>You will undoubtedly overspend this Ramadan but here are 5 ways you can ease your financial strain.<\/p>\n","protected":false},"author":1,"featured_media":55903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,218,320,308],"tags":[767,766,724],"class_list":["post-10242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chinese-new-year","category-money-management","category-ramadhan-raya","category-saving-tips","tag-lifestyle","tag-money-management","tag-ramadan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tips To Stop Yourself From Overspending This Ramadan<\/title>\n<meta name=\"description\" content=\"Are you resigned to overspending? Don&#039;t let your expenses make you stressed! Here are some tips to ease your financial strain this Ramadan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/5-tips-to-stop-yourself-from-overspending-this-ramadan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Tips To Stop Yourself From Overspending This Ramadan\" \/>\n<meta property=\"og:description\" content=\"Sometimes our wants overtakes our needs if we are not careful.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/5-tips-to-stop-yourself-from-overspending-this-ramadan\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T06:09:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-12T02:29:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/03\/30150712\/buka-puasa-feast.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"iMoney Editorial\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"iMoney Editorial\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan\"},\"author\":{\"name\":\"iMoney Editorial\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/2dc429bac9840e75ad08ab242c57dcbb\"},\"headline\":\"Tips To Stop Yourself From Overspending This Ramadan\",\"datePublished\":\"2025-03-11T06:09:07+00:00\",\"dateModified\":\"2025-03-12T02:29:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan\"},\"wordCount\":917,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.imoney.my\\\/articles\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/30150712\\\/buka-puasa-feast.jpg\",\"keywords\":[\"Lifestyle\",\"Money Management\",\"Ramadan\"],\"articleSection\":[\"Festival &amp; Celebrations\",\"Money Management\",\"Ramadhan &amp; Raya\",\"Saving Tips\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan\",\"name\":\"Tips To Stop Yourself From Overspending This Ramadan\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/5-tips-to-stop-yourself-from-overspending-this-ramadan#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.imoney.my\\\/articles\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/30150712\\\/buka-puasa-feast.jpg\",\"datePublished\":\"2025-03-11T06:09:07+00:00\",\"dateModified\":\"2025-03-12T02:29:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/2dc429bac9840e75ad08ab242c57dcbb\"},\"description\":\"Are you resigned to overspending? 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