Saving Money

[Lilly]

Re: Saving Money

@Eastern_Dresses

From what I have learned from my teachers, you have to pay zakat on any and every saving you have for over a year after you have cleared your debts. For example if you have a PKR 10,000 worth of money saved for over a year and after one year you also have a debt of say 5000 then the amount you are supposed to pay zakat on is 5000. Same is the case with any other type of saving as well (like jewelry). I don’t have any references for all this information though, since this is what i studied back in school (its been ages now). So may be consult some scholar or check existing forums regarding zakat.

Thanks for the information. :k:

@Eastern_Dresses

Btw another suggestion - didn’t try myself but have heard people save this way.

Committee - have you heard the term?

Yeah, I know the idea of Committee but my saving account works the same way as I don’t know the PIN.

@akmoti

i have fixed amount of money to save i never kharch it chaahay kuch b hojaye…i dont go for shopping
so after six months i have plenty of money to shop for coming season yayy n i even manage to save from tht saved amount too…thori sakhti to karni parti hai:cb:

I am so bad at saving money. May be because my uni is closer to the city center, whenever I go there ,I end up buying some thing.
I follow the same when it comes to Christmas sales,I keep saving the money or delay my shopping because I like to hit my entry on Boxing day.
Last year, I spent £300 on Boxing day, bought so many things.

@Decent_6Chora

S.A.V.I.N.G
I cant even pronounce it
with the state of things (read: saving accounts), I guess begum will soon take over everyday spending in her own hand
and on serious note, we have found that its always easy to save if you have a goal. We have executed that strategy successfully many time for small items and on big ticket items (like house, car etc).

Another successful way to save is to take part in BC (what the hell that stands for???). Begum take part in 400$-600$ monthly BC so that amount is always taken out of the pay-check almost unnoticed.

Setting yourself a goal is an excellent way of saving money for sure. :k:

@Khalil KhaaN FaaKhta

the most insignificant way to save money is saving ALL the change during the day…i never use change to buy anything…whenever i pay i pay with a bill so i end up saving Loonies $1], twonies $2], quarters, dimes and nickles. i don’t save pennies *…last time i cashed in all my change was in the amout of $2300 that i saved in just over a year.

Interesting idea.

@Desii_Fly_Chick

im.a.spender.not a saver

Same here.

@makd

my little bro does this coin saving strategy and he ends up saving a decent amount by the end of a month or two!

I do the same , I keep saving £1 coins and few penny’s but still I end up spending them,never made a decent money out of coins ever,lol.

@SaeedinPakistan

It’s pretty expensive. That’s because fuel is priced according to the crude rates in international markets, whereas my salary is way below what someone would make in the first world.
So I’d spend 20-30 % of my paycheck just paying for fuel, if I used my car to commute to work everyday. Then there’s the maintenance. I’d be buying something used so I’d be spending lot of money on repairs.
See keeping a car isn’t all that cheap over here either.

That’s why I dislike the idea of keeping a car but I have to get it soon. *