How to Save Money for Your Hajj Journey?

 

Hajj is obligatory that Muslims perform following the Sunnah of Hazrat Muhammad (S.A.W). Those who are financially and physically capable can easily perform Hajj by making pure and clear intentions for this purpose. Muslims who want to undertake Hajj this year can acquire cheap Hajj packages from any local renowned travel agency. If someone truly wants to perform Hajj, they will always find a way even if they have fewer resources. For example, you might begin conserving money now by setting aside a portion of your paycheck to meet Hajj expenditures in the future. Muslims, especially those on modest incomes, should save a significant amount of income for the Hajj. Listed below are a few of the ways of saving money for your Hajj pilgrimage:

Cut Your Monthly Spending

A percentage can be used to distribute your money into multiple sections. Evaluate the price of daily living expenses, investments, health coverage, charities, emergencies, and Hajj savings. For example, daily spending including food, energy, water, housing, and several other expenditures should not exceed 40% of your total earnings. Secondly, put apart 10% of your profits for investment. Don't forget to set aside 10% of your income for charitable contributions each year. Additionally, Hajj necessitates just 15% to 20% of monthly earnings.

Make A List of Necessary Items Before Doing Grocery

Plan ahead before you go purchasing. The goal is to prevent acquiring products that you do not need and to stick to your limit. As a consequence, it is critical to inspect the needs in the household to determine whether they've been depleted or if they are going to run out and should be purchased immediately. It cannot be obtained for any other purpose than those indicated. This is an important consideration because most of us go mad when shopping centers offer huge price cuts. Don't be fooled by price decreases.

Set A Goal by Assessing Your Current Expenses

Assess your earning and expenditure patterns from the prior year as well as the most current ones. Identify the areas wherein you are expending tons of cash. Investigate thoroughly, identify the spots, and begin the saving process from there. Collect all banking information, credit card receipts, loan data, and tax forms to gain a complete picture of the financial situation. There are a variety of monetary tools accessible to assist you in keeping account of your expenses. If you are not tech-savvy, use Excel spreadsheets, a pen, or paper. Once you've reviewed your finances, you can begin planning future goals. Establish spending and savings objectives.