{"id":553275,"date":"2022-04-01T08:00:57","date_gmt":"2022-04-01T08:00:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/keeping-your-wealth-in-check-during-the-busy-season\/"},"modified":"2022-04-01T08:00:57","modified_gmt":"2022-04-01T08:00:57","slug":"keeping-your-wealth-in-check-during-the-busy-season","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/keeping-your-wealth-in-check-during-the-busy-season\/","title":{"rendered":"Keeping your wealth in check during the busy season"},"content":{"rendered":"

How to keep your money in check during the busy season:<\/strong> This year, Ramadan \u2014 and Sham El Nessim, and Eid al-Fitr \u2014 arrive in the midst of a global squeeze on prices. The Russia-Ukraine war has exacerbated inflationary pressures, sending food and commodity markets sky high \u2014 and we\u2019ve inevitably been feeling the impact here at home. In a time of back-to-back crises, it\u2019s perhaps more important than ever to maximize our joy and generosity this Ramadan. Here\u2019s the lowdown on how to go about celebrating even as household budgets come under strain.<\/p>\n

Did you \u2014 like everyone we know \u2014 bulk buy your groceries ahead of Ramadan? <\/strong>Worry not if you haven\u2019t. Contrary to popular belief, bulk buying can actually cost you more in the long run. When buying in bulk, we\u2019re likely not assessing our actual usage of the product but only the per-unit price. This can translate into a higher purchase price, Investopedia<\/a> suggests, when you end up buying too much to be able to use before it expires or goes bad, or when you simply end up getting tired of the brand and feel the need to switch it up.<\/p>\n

Our advice? Divide your Ramadan grocery shop in two.<\/strong> Once you\u2019ve used up your groceries for the first two weeks, you can better assess your needs for the rest of the month. Many supermarkets keep items on sale well into Ramadan. Another top tip: Do some couch-based research and check out supermarkets\u2019 websites to compare prices before you grab your shopping bags.<\/p>\n

If you\u2019re indulging in some festive sparkle, consider reusing old decorations instead of buying new ones (or better yet, think DIY). <\/strong>We\u2019re bombarded by lanterns, patterned linens and string lights at pretty much every turn these days, but try to resist. Ramadan decorations can be recycled, and can also be really simple to make yourself using things you have on hand (an activity that kids will love). Try making lanterns out of cardboard<\/a>, a Ramadan Kareem banner<\/a>, or an Islamic lantern<\/a> garland.<\/p>\n

Want to give sadaqah but not sure where?<\/strong> When it comes to giving back, we\u2019re bombarded with advertisements throughout the month, and it can leave us a tad overwhelmed and confused. One of the most popular \u2014 and simple \u2014 ways of giving back is by donating food packs to less privileged families.<\/p>\n

Not all food packs are created equal:<\/strong> While food packs are great, we advise you pay attention to the contents. Many food packs are heavy on fat and carbs, but miss protein and essential nutrients. Search for distributors that offer nutritionally balanced packs that provide families with realistic options to make healthy and well-rounded meals.<\/p>\n

Spread the love <\/strong>when it comes to giving back.<\/strong> Make sure to divide your donations among various families and organizations. You can also consider donating things other than food and money: Clothes, and staple household items like appliances and cleaning supplies, are also much needed.<\/p>\n

Ramadan is rarely kind to our wallets \u2014 but this year we\u2019re getting a triple whammy of holidays. <\/strong>This is traditionally a time where people buy more food, dine out more frequently, and donate more than other times of the year. But make sure you leave a little something left over for the raft of long weekends coming fast on the heels of the holy month, including Sham El Nessim and Sinai Liberation Day in the last week of April. We\u2019re sure you, like us, will be dying to get out of Cairo after the long holiday drought we\u2019ve had the past couple of months, so don\u2019t forget to budget for your vacation plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

How to keep your money in check during the busy season: This year, Ramadan \u2014 and Sham El Nessim, and Eid al-Fitr \u2014 arrive in the midst of a global squeeze on prices. The Russia-Ukraine war has exacerbated inflationary pressures, sending food and commodity markets sky high \u2014 and we\u2019ve inevitably been feeling the impact […]<\/p>\n","protected":false},"author":1,"featured_media":553276,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9554],"tags":[2653,2604,1032,2654],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-your-money","tag-budgeting","tag-enterpriseyourwealth","tag-ramadan","tag-your-money","wpautop","entry"],"acf":{"mongo_id":"f820e7fb-56ae-4577-8afd-c016baadb4f0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/411.jpg","photo_position":"above","related_issue":[553269],"teaser":"","voice_url":""},"yoast_head":"\nKeeping your wealth in check during the busy season - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/keeping-your-wealth-in-check-during-the-busy-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keeping your wealth in check during the busy season\" \/>\n<meta property=\"og:description\" content=\"How to keep your money in check during the busy season: This year, Ramadan \u2014 and Sham El Nessim, and Eid al-Fitr \u2014 arrive in the midst of a global squeeze on prices. 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What begins as an ordinary trip to Turkey in an attempt to\u2026","rel":"","context":"In "ENTERPRISE RECOMMENDS"","block_context":{"text":"ENTERPRISE RECOMMENDS","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-recommends-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/491.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584015,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/24\/ramadan-will-always-be-ramadan-devaluation-or-not\/","url_meta":{"origin":553275,"position":3},"title":"Ramadan will always be Ramadan, devaluation or not","author":"enterpriseam admin","date":"24 March 2023","format":false,"excerpt":"Reflections on Ramadan, Egypt-style, c. 2023","rel":"","context":"In "ANALYZE THIS"","block_context":{"text":"ANALYZE THIS","link":"https:\/\/enterpriseam.com\/egypt\/category\/analyze-this\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/We-ad.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598001,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/12\/govt-instructed-to-keep-commodity-prices-in-check-during-ramadan\/","url_meta":{"origin":553275,"position":4},"title":"Gov\u2019t instructed to keep commodity prices in check during Ramadan","author":"enterpriseam admin","date":"12 May 2019","format":false,"excerpt":"The government wants you to know it\u2019s keeping commodity prices in check this Ramadan, if the top headlines in the three main state-owned dailies are any indicator. Al Ahram, Al Akhbar, and Al Gomhuria are all running with President Abdel Fattah El Sisi\u2019s instructions to Prime Minister Moustafa Madbouly and\u2026","rel":"","context":"In "ON THE FRONT PAGES"","block_context":{"text":"ON THE FRONT PAGES","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-front-pages\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553273,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/how-to-make-the-most-of-your-time-in-ramadan\/","url_meta":{"origin":553275,"position":5},"title":"How to make the most of your time in Ramadan","author":"enterpriseam admin","date":"1 April 2022","format":false,"excerpt":"The illusion of time in Ramadan: Time takes on a new quality during the holy month. With the lucky among us getting out of the office or classroom a little earlier, and workloads easing off, Ramadan should bring the gift of more time. 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