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One of the three major responsibilities designed for Muslim wives in Islam is managing the family’s wealth. In addition to tending to the children’s education and overseeing the household, Muslim wives often negate their priority to manage their wealth – money, properties, belongings and investments.
If you preferred these tips, please check out “More Tips Every Muslim Mother Should Know About Managing Money”.
* Know The Fiscal Rights of Each Family Member for Islam. Your husband’s responsibilities is to provide your shelter, food, clothing, and economical means for you to live pleasantly, therefore it is your responsibility to spend wisely. Spend your money practically and responsibly on the preferences in life, such as dresses, education, health and hygiene to suit your needs, your husband and infants.
However, if your husband is usually misery with his money therefore you do not have necessities, you are allowed to proudly, not secretly, use the money to satisfy the family’s needs. Remember that, that as a Muslim wife or mom, it is not ones responsibility to bring money in the household. And, if you incur money it becomes ones own wealth, which you can spend as you wish. This luxurious, not afforded in many various cultures or religions, should never be under-appreciated or taken for granted. Meaning, if you have wealth your family is experiencing problems, remember that charity must first start at home–so, helping your family members carries great benefits for yourself in this life and the hereafter. On the other hand, if your husband is experiencing great fortune, and you desire to work, your duty to your family and dwelling takes precedence. It takes an innovative mom to find balance for her family – and this starts by maintaining balance herself first.
Therefore, you should never judge ones status in life with money – your situation is determined by your deen – your religion and approach to life. So, live your life responsibly, in fact, the one who misuses and abuses his/her wealth, is guilty of possible fritter away and arrogance. Don’t like the term: Frugal-Minded? Then, try Value-Spending.
* Setting a Simple Mindset for your family can be an Act of Taqwa (God conscientiousness). Frugality is an smart lifestyle–not a cheap one! Bargain-shopping is a gift to your family, not a punishment. When a mother (and father) instills the value of earning a dollar and stretching its value, kids will appreciate and even feel challenged to gain the most out of your family’s money. Be creative and ingenious in how to position the minds of your family members to appreciate frugality as a duty of all, and not to choose a few. Those who are spend-conscience will be more intelligent than spenders. You have got an obligation to your family unit to be resourceful and appreciative of the worldly gifts Allah has provided your family: the wealth. Your material success is not an indicator of how much your faith will.
Becoming a better Muslim Mom Money Manager calls for time, can not be achieved in a single day, but with the right motives and determination to learn and act accordingly, Allah (God) will help you succeed, inshaAllah (God willing). Listed below are the a lot of tips to get you started:
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