💰 Family finances · #104

We got into debt chasing a lifestyle we really couldn't afford. How do we get out of it?

The first step is to stop adding new debt for the sake of show, then make peace with living within your real means. Sit down together, list all your debts, and plan an honest repayment plan without hiding anything from your spouse. Cut spending on wants first, not basic needs. Allah teaches moderation: those who spend “are neither extravagant nor miserly, but hold a balance between the two” (Surah al-Furqan 25:67). Avoid interest-bearing loans that add to the burden. If you are desperate, get debt management advice from a qualified agency such as AKPK. A simple, debt-free life is calmer than luxury held in pledge. See family finances.

Sources

Surah al-Furqan 25:67

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

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