One of the many three major responsibilities for Muslim wives in Islam is managing the family’s wealth. In addition to caring for the children’s education and overseeing the household, Muslim spouse often negate their concern to manage their wealth — money, properties, belongings and investments.
If you enjoyed these tips, please check out “More Tips Every Muslim Parents Should Know About Managing Money”.
Therefore, you should never judge your status in life by means of money – your position is determined by your deen – your religion and way of living. So, live your life responsibly, after all, the one who misuses and abuses his/her wealth, is usually guilty of possible waste products and arrogance. Don’t like the term: Frugal-Minded? Then, try Value-Spending.
However, if your husband is usually misery with his money and you do not have necessities, you are made way for to proudly, not privately, use the money to satisfy the family’s needs. Keep in mind, that as a Muslim girl or mom, it is not the responsibility to bring money in the household. And, if you incur money it becomes ones own wealth, which you can use as you wish. This extravagance, not afforded in many various cultures or religions, don’t want to be under-appreciated or taken for granted. Meaning, if you have wealth your family is experiencing difficulties, remember that charity must first start at home–so, helping you and your family carries great benefits to suit your needs in this life and the hereafter. On the other hand, if your husband is usually experiencing great fortune, also, you desire to work, your obligation to your family and property takes precedence. It takes a creative mom to find balance for her family – and it starts by maintaining balance herself first.
Becoming a better Muslim Mom Money Manager takes time, can not be achieved overnight, but with the right wishes and determination to learn and act accordingly, Allah (God) will help you succeed, inshaAllah (God willing). Listed below are the several tips to get you commenced:
* Setting a Inexpensive Mindset for your family can be an Act of Taqwa (God conscientiousness). Frugality is an intelligent lifestyle–not a cheap one! Bargain-shopping is a gift to your friends and family, not a punishment. When a mom (and father) instills the value of earning a dollar and stretching its value, kids will appreciate and even feel challenged to gain the most in the family’s money. Be innovative and ingenious in ways to position the minds of the family members to appreciate frugality being a duty of all, and not either a few. Those who are spend-conscience will be more intelligent than spenders. You have got an obligation to your family to be resourceful and appreciative of the worldly gifts Allah has provided your family: your wealth. Your material wealth is not an indicator of how much your faith merits.
* Know The Fiscal Rights of Each Family Member during Islam. Your husband’s obligations is to provide your protection, food, clothing, and finance means for you to live comfortably, therefore it is your responsibility to spend wisely. Spend your money fairly and responsibly on the preferences in life, such as clothing, education, health and hygiene in your case, your husband and children.
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