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17 Ways To Save Money As A Muslim And Pay Bills

Saving money as a Muslim to pay bills on time is very important at a time when families are struggling due to cost of living crisis.

In the post, saving money as a Muslim is the key to financial freedom and foundation for wealth building.

Going into debt and staying there is not an exciting feeling!

Saving money as a Muslim is 80% behaviour and 20% knowledge in the grand scheme of things.

Let’s jump in!

In this post, I ‘ll work you step by step to save money as a Muslim and pay bills consistently, without falling into the financial debt trap like millions of people.

What Is Halal Money Saving?

Halal money saving is where Muslims budget and manage their money according to Shariah without borrowing or using interest-related bank accounts or credit cards to get out of debt.

How To Save Money And Get Out Of Debt Halal Without Borrowing?

Here are the 17 best tips to help Muslims save money this year:

1. Set A Debt Free Goal

Setting a goal to become debt free with total commitment is the beginning of your financial prosperity.

But, most people have no financial goals for their future.

If you don’t have a target to hit, any road would take you and is very important to invest 15 minutes and have a written goal.

You can follow the steps in this “Free Report” and devise your own success plan and get out of debt.

2. Save $1000 For Emergency First

If you are seriously looking to get out of debt and take back control of your future?

You definitely need to quickly save $1000 for emergency within the next 30 days.

However, this sum must be set aside as a cushion for your rainy day savings.

You do not even need to keep this amount in a bank.

The goal is to be easily accessible whenever required,  at a time of emergency without having to fall back to payday loan lenders which is haram in Islam.

3. Apply An Envelop Budgeting System

Writing a weekly budget is the springboard to getting you out of debt faster.

So many Muslims disliked creating a budget and sticking to their plan.

The Envelop System when applied correctly can lead to better positive outcomes in getting out of debt.

You would need about 10 envelops and allocate them into food, transport, utilities, clothing, entertainment, miscellaneous etc.

Once you have named each envelop, it is time to stuff them with cash and all your payments must come from the funds.

If you want to buy groceries, the money must be from the food envelop.

4.  Increase Your Income

There are methods you can use online to increase your income as a side hustle.

Muslims all over the world are earning great income by buying and selling from home.

Start selling unwanted stuff around the house on Ebay and Facebook Marketplace.

Besides, if you have a job, make yourself available for overtime and also renegotiate your salary.

5. Reduce Your Rent

The bulk of your income goes towards paying a rent.

If you are still single or married with no children, you are better off cutting back on rent by moving to cheaper areas of town.

You could have roommates or rent your spare rooms to significantly reduce your monthly rent bill into half!

Alternatively, you could move back with parents temporarily and stockpile cash for six-months.

You must ignore naysayers who might judge your decision of moving back home!

The goal is to become financially debt free.

6. Trim Your Food Expenses

Do you spend more money on groceries?

It is time to reduce your food bill starting tonight!

You need to buy in bulks from ethnic food stores, farmers market and cheaper supermarket branded items.

Also, change your shopping time. Supermarkets always give discounts at least an hour before close time.

You can save tons of money and get out of debt.

7. Automate Your Bills

As Muslims, we should avoid using credit cards and all forms of interests (RIBA).

You can automate your bills to ensure all repayments are done with a Debit Card.

Also, by automating your bills, you can escape companies that have a policy of charging for late fees.

8. Use Public Transport

Save money by travelling on public transport.

For most Muslims, using a public transport is akin to climbing mountain kilimanjaro.

If you are trapped in debt, the best move is to stop digging further into debt!

Travelling on public transport will save you thousands of money annually.

9. Pay Yourself First

Why do you pay everyone first?

Paying yourself first is a term used by George Clason from his financial book the Richest Man In Babylon.

The mistakes most Muslim make is their refusal to pay themselves first before bills.

By paying yourself first each week, you will have extra-income for other halal investment opportunities.

10. Discount Coupons

Start collecting coupons to reduce your expenses in stores and supermarkets.

There are free coupons ready to be used at the point of purchase and slash your bills.

Sometimes, you need to ask for coupons as well as the right time when store items will be available on discount sales.

11. Eat Before Going Out

If you have a bad habit of impulse buying of coffee and sandwich, it makes sense to eat before leaving the house.

Impulse buying is addictive and sometimes used as a form of coping therapy for most Muslims.

12. Recycle Your Clothes

Clothes are extremely expensive because the big brands have figured a way to get people spending.

For example, buy all your summer clothing during winter.  Also, winter items are cheaper during summer.

Besides, you can always recycle your clothes every season and save thousands buying new clothing lines.

13. Make Your Own Work Meals & Snacks

Preparing your own lunches for work can save you thousands.

Workplace canteens are very expensive places to eat.

Also, dinning in groups with colleagues can be a way to fall back into debt again.

The right thing is to prepare your own healthy lunches and snacks without following the masses.

14. Cancel Online Subscriptions

All major online brands love the subscription model because it is highly profitable.

For example, people still pay for products/services they don’t even use or absolutely a financial liability.

I would suggest you do a self-audit of your finances and trim down all the subscriptions that you no longer use and save money!

15. Home Do-It-Yourself (DIY)

Muslims are spending more money on professionals to fix items at home.

For example, almost everything related to DIY is available free on YouTube to learn and fix.

Always think twice before calling professionals for basic Home DIY work.

16. No Spending Weeks/Months

When making your budgets, try for ways to cutback costs in many areas as possible.

You can have a spending freeze week/months on your Calender.

Also, sometimes is easier to invite your friends for a no spending challenge and save money together.

17. Reduce Your Taxes

A huge tax is what drives most people into poverty especially employees.

If you are paying way too much, chances are your tax bracket could be wrong and a simple call to a relevant department can fix the issue.

Remember,  we are in a technology era where tax codes are generated online and errors bound to occur at all times.


Saving money as a Muslim is the best way to financial freedom.

For example, when Warren Buffet, one of the richest men in the world was interviewed about the best advice for wealth building?

He gave these answers:

Rule Number 1: Never lose money!

Rule Number 2: Never forget rule number 1!

Also, the easiest way to launch a side hustle is to Start Blogging Click Here.

Additional Articles To Read

18 Best Islamic Business Starter Tools (My Top 5 Picks).

Mr Ceesay
Mr Ceesay
F. Ceesay is the founder and CEO of Muslim Entrepreneurs Hub. I help Muslims escape 9 to 5 and become bloggers, online course creators, freelancers, digital marketers, social media managers, coaches and business consultants.


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