As a homemaker, you play an important role in shaping your family’s financial well-being. Your influence extends to budgeting, saving and money management, and you can make a significant impact on your family’s finances.
Managing a household budget effectively is crucial for maintaining financial stability and achieving financial goals. So, here are some quick money management tips specifically curated for housewives in order to enable them to manage their money effectively.
Also read: 7 Smart Financial Tips for Single Parents
Qonaah Is the First Key to Household Financial Management
Qanaah is a mental attitude in the form of being willing to accept or feel sufficient for what is received or what is already owned, even if it is only enough money for living needs, enough clothes to cover the private body parts, simple food and drinks for everyday life and a place to stay that is not as luxurious as other people. From this attitude of qanaah, a housewife is trained to always feel sufficient with what her husband gives her every month so that she doesn’t look for anything that does not exist.
The nature of qanaah can be said to be a treasure that will never run out. The discussion of contentment in Sunan Ibn Majah mentions a hadith from ‘Abdullah bin ‘Amr bin Al ‘Ash, Rasulullah ﷺ said,
قَدْ أَفْلَحَ مَنْ هُدِىَ إِلَى الإِسْلاَمِ وَرُزِقَ الْكَفَافَ وَقَنِعَ بِهِ
“Indeed, the one who is guided in Islam, given sufficient sustenance, and is contentment (feeling sufficient) with that sustenance is successful.” (HR. Muslim No. 1746).
The nature of qanaah will train humans to remain grateful and feel sufficient for what they receive. The nature of qanaah will protect humans from greed and dissatisfaction caused by worldly desires. Therefore, with the attitude of qanaah, a housewife can enter the next stage, namely planning expenses according to what she has.
Budgeting Is Key
Women generally know their way around the pricing game and often find the best deals in the market quite easily. This knack of simply being aware of the best price can be of great help, especially when you are trying to stick to a budget.
The idea is to adapt to a ‘spend less, save more’ mindset while tackling home expenses. It is best to set aside your savings for the month first, followed by listing out all your monthly expenses – groceries, utilities, bill payments and other miscellaneous costs. Once you have accounted for each of those, start tracking your expenses and check if these expenses align with your budget.
This is the first step towards streamlining your finances that will help you effectively manage wealth in the long run.
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Bring a List When Shopping
When in the midst of a whirlwind of offers and discounts, as a housewife it is very easy to be tempted to buy things that are not really needed. To overcome this, you can bring a shopping list that you have prepared in advance. By having a specific list, you will be more focused on the items that are really needed, and this can help control your shopping expenses. In addition, this can also help avoid the temptation of unnecessary shopping that can drain funds prematurely.
Also read: 4 Ways to Save and Manage Your Finances Properly
Separate Each of Your Expense Posts
Separating types of expenses is the key to managing finances efficiently. You can do this by separating one account from another or using a special envelope or wallet that has lots of pockets so that you can separate money for each category of expenses. For example, a pocket for daily food needs, a pocket for electricity, water, rent, and the like, and a separate pocket for sudden desires or sudden needs. By separating them clearly, you can easily monitor each expense and prevent unexpected expenses.
Also read: 8 Benefits of a Housekeeper
Evaluate Expenditures at the End of the Month
Evaluating expenses at the end of the month is a wise habit. By checking your spending records, you can identify areas where spending is ineffective or too large. This evaluation allows you to make changes and adjust your spending plan for the following month. Always being open to learning from previous financial experiences is a key step in maintaining long-term financial stability.
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Conclusion
By consistently applying these tips, you as a housewife will be better able to control your family’s monthly expenses wisely and maintain overall financial stability. Do not hesitate to plan wisely and take preventive measures to protect your finances from unnecessary risks. A finance that is managed with a qonaah attitude is the key to a peaceful and prosperous life with your family. Insyaa Allah
Reference:
Hadits Shahih Muslim No. 1746. Accessed from https://www.hadits.id/hadits/muslim/1746
