💰 Family finances · #125

Our income dropped after a job loss. How do we manage our finances and our feelings?

Losing income tests both your finances and your dignity, but it can be weathered with calm planning and mutual support. Review your spending straight away and put basic needs first, such as food, shelter and essential debts. Talk openly together without blaming each other, because a crisis feels lighter when it is carried together. Do not be ashamed to apply for help you qualify for, such as zakat or baitulmal, because that is indeed a right set aside for this. Keep looking for new sources of income while placing your trust in Allah. Keep up your prayers and du'a, because they calm a troubled heart. Avoid desperate decisions such as interest-bearing loans that add to the burden. See family finances.

← PreviousShould we go into debt to hold a big celebration or to keep up with other people's lifestyles?Next →The bank is offering a hibah amanah (trust gift) product for estate planning. What do I need to understand before signing up?

Related questions

After losing my husband, who was the breadwinner, how do I manage the family's finances?Start with a clear picture: list the income you have, the essential expenses, and what can be cut back. Check your and your ch…My husband and I both work. How is our zakat on income handled?Zakat on income is calculated on the income of each individual who meets the conditions, so husband and wife each assess …We have no children. How do we make sure the surviving spouse does not end up struggling after one of us dies?Plan from now, because without children, other relatives also inherit a large part of the estate. If there are no childre…Our income is now limited to a pension only. How do we live with enough and stay at peace?Feeling content with what you have makes limited provision feel ample and keeps the heart at peace. Arrange your spe…How do we prepare financially to welcome a baby without stress and debt?Preparing financially means planning for the baby’s real needs, not filling a list of luxury items that are marketed…My husband's family expects financial support that burdens our household. How do we deal with it?Helping family is noble, but it must not go so far as to sacrifice your own family’s needs and maintenance (nafkah)…

This answer is general reference, not a fatwa. For your situation, consult the religious affairs office, a Syarie lawyer or your state Syariah Court.

Comments or feedback

Read only by the MYPolygyny administrator — never published.

About Us · Ask · Site Map · Privacy · Editorial policy · Disclaimer