the Halaal Piggy Bank
excuse the irony..
Your savings and position should be transparent
Ensure you do not under budget. A month usually has 30 days. In that time there will be expected costs
example: you expect to buy takeaways. Infact you “expect” to purchase takeaways 5 times and maybe you have allocated money for that.
Just know, you may infact end up spending more on those 5 occasions if prices go up or you have more company.
The Unexpected should be expect, and when it doesn’t happen, your concern for damage limitation to your budget will only benefit you the next month
Remember with a Budget, we aim to make the future easier.
At the same time accounts we pay off is geared to make the future easier. All because in the past you wanted something for the present, which will only be paid up in future. A smartphone for example.
How to get blacklisted?
This means the product is worth x. You get it and pay over 2 years and end up paying more than you should. This is all well and good as yes its a gamble. You accept something now, as its advance is worth paying for. But as soon as we welcoming many “higher purchase” transactions (i take now and pay later), eventually the interest accumulated and the term of the payments may consume all your spare cash and often result in how people get blacklisted