ELEVEN REASONS FOR OUR PRESENT FAMILY FINANCIAL CRISES

1. Taking expensive vacations and occasional weekend getaways have now become social norms. People are not comfortable in their own homes anymore.

2. Buying a car is a status symbol. A Toyota can do, but what will my colleagues say? Go for the BMW X8 instead, even if you can’t afford it!

3. Everyone in the family owns a smartphone. WiFi has become a necessity at home, and more data is used then airtime. The simple Telkom land line is no more used, that’s only for the elderly folks!

4. Avoiding home-made food filled with blessings, and unnecessarily eating out on weekends. Our eating out bill is generally triple that of our monthly grocery bill.

5. Brand consciousness in our choice of clothing, salons, parlours and accessories – even upto stationery! Simplicity has left our lives.

6. Our spoiled lifestyle increases medical expenses. We need to visit the dentist and doctor more often. Everyone thinks Medical Aid is a necessity and everyone is popping supplements nowadays.

7. Trying to make occasions like birthdays, anniversaries, graduations etc special by spending more money, rather than quality time together. Many a time, venues are hired for these events and 1000s spent on decor only.

8. Grand weddings and family functions. What will people say if its below 500 people!!

9. Commercialization of hospitals, schools, roads etc. Students in private schools must have extra tuition, so what are they really doing in school?

10. Spending what you haven’t yet earned, via loans and credit cards.

People need to satisfy their desires instantly, so instead of renting a humble place for a few years, buy a palatial mansion, only for it to be repossessed by the bank after three years.

11. Spending tons of money on trimmings, swimming pools, ponds, the interior of houses & offices, thereby increasing maintenance costs.

We are copying others’ lifestyles without understanding our own needs and income. If this does not get curtailed, it will lead to lots of stress and anxiety.

Presently, our Income is not growing at the rate at which our expenses are increasing. If we don’t balance our income with our lifestyle, it will result in much distress.

Rasulullah (Sallallahu Alaihi wa Sallam) told us that moderation is half of living.
الاقتصاد نصف المعيشة

He also says:
ما عال من اقتصد
Whoever stays moderate will not
become poor”

Allah says in the Qu’an:

وَٱلَّذِينَ إِذَآ أَنفَقُوا۟ لَمْ يُسْرِفُوا۟ وَلَمْ يَقْتُرُوا۟ وَكَانَ بَيْنَ ذَٰلِكَ قَوَامًا

And those who, when they spend, are neither wasteful nor stingy, but choose a middle course between that.
(الفرقان  (25:67)

May Allah swt guide us and allow us to remain moderate.
May Allah swt protect us from extravagance and needless spending.
May Allah give us barakah in our rizq. Ameen

From Hadhrat Maulana Abdurrahim Limbada Sahab’s Facebook post
Very pertinent and spot on advice.