How to Manage Your Finances During Ramadan: Don't Let Your Salary Run Out Before Eid!
Jakarta, VIVA – Financial preparation during Ramadan is an important step that is often overlooked. Yet this period is synonymous with increased consumption activity, from shopping for suhoor and iftar needs, communal iftar gatherings, through to expenditure on zakat and charitable donations.
Without careful planning, household budgets can inflate significantly, even affecting one’s financial condition after Ramadan ends.
Ramadan itself should serve as a moment to strengthen financial discipline, rather than trigger consumerist behaviour. For this reason, drawing up a fund management plan from the outset is key to keeping expenditure under control.
According to The National News, Monday, 16 February 2026, the following are several financial preparation steps for Ramadan that you can apply.
- Draw Up a Dedicated Ramadan Budget
The first step is to create a separate budget specifically for Ramadan needs. Calculate estimated expenditure for food ingredients, kitchen supplies, zakat, charitable donations, and other social costs. With a clear budget, you can control cash flow and avoid unnecessary waste.
Ensure the budget is realistic and adjusted to your income situation. Do not force consumption standards that exceed your financial capacity.
- Prioritise Essential Needs
Ramadan is often synonymous with various attractive offers and major promotions. However, you need to distinguish between needs and wants. Prioritise mandatory expenditure such as staple food items and zakat obligations before considering additional purchases. A selective approach to shopping will help maintain financial stability through to the end of the month.
- Plan Suhoor and Iftar Menus
Daily menu planning can significantly reduce expenditure. By drawing up a menu list for one week or one month, you can create a more focused shopping list. This method is effective in avoiding impulsive purchases that frequently occur when shopping without a plan. Additionally, cooking at home tends to be more economical than buying ready-made meals every day.
- Make Wise Use of Promotions
Many supermarkets and shopping platforms offer special discounts during Ramadan. You can take advantage of these promotions for essential needs that have already been planned in your budget.