Things to Watch Out For
- Salary disappears with no clear trace
- No savings or emergency fund
- Repeated impulsive spending
C. Personal Management
Guide 10: Sharia Budgeting and Avoiding Israf
Halal money must be properly organized. Budgeting prevents leaks, financial panic, and dependence on debt.
Execution Checklist
- Use the needs–savings–investment–charity–lifestyle allocation model
- Track every daily expense
- Review actual spending at the end of each month
- Cut the largest leakage areas first
Rudi earned Rp7 million but his money always ran out. After implementing budgeting, he consistently saved and reduced impulsive spending.
- The principle of hifz al-mal (preservation of wealth)
- Prohibition of wastefulness (israf) in consumption