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Saving toward a goal: start small and give it a name

Saving "more" rarely works. Saving for something specific, a little at a time, usually does.

A woman in a purple hijab and a long coat sits on a bench against a white wall.

Most of us have promised ourselves we would save more this year. It is a hard promise to keep, because "more" has no finish line and no reason attached to it.

Name what the money is for

School fees in January. Umrah next year. Three months of rent as a cushion. A named goal is easier to protect than a general pot, because taking money out of it means taking it from something you care about.

Set the amount and the date

Once you know the total and when you need it, the sum becomes simple. KES 30,000 by the end of ten months is KES 3,000 a month, or about KES 700 a week.

Put a little aside, often

Small, regular amounts beat large, occasional ones. They are easier to keep up, and a missed week is easy to make good.

Watch it grow

Seeing progress is what keeps people going. In TAANO you name the goal, set the amount and watch the bar fill as you add to it.

More from the blog

A man in a white shirt smiles as he uses his phone.

Five money jobs, one wallet

Most of what we do with money comes down to five jobs. Here is how TAANO handles each one, the halal way.

A woman in a headscarf and a long floral coat stands in a yellow room.

What is a Sukuk? A plain guide

Sukuk are often called Islamic bonds, but they work differently. Here is what you own, how you earn and what to check.

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