Lesson 4: Save Before You Buy
About 30 minutes — Values-based lesson
What You Will Learn
This lesson covers:
- The Islamic approach: save before you buy
- Why avoiding debt is a core Islamic financial principle
- Patience and discipline with money
- Delayed gratification: the marshmallow test for money
The Islamic approach: save before you buy
This section covers the key ideas about the islamic approach: save before you buy. Discuss with your group or family and explore the concepts together.
Why avoiding debt is a core Islamic financial principle
This section covers the key ideas about why avoiding debt is a core islamic financial principle. Discuss with your group or family and explore the concepts together.
Patience and discipline with money
This section covers the key ideas about patience and discipline with money. Discuss with your group or family and explore the concepts together.
Delayed gratification: the marshmallow test for money
This section covers the key ideas about delayed gratification: the marshmallow test for money. Discuss with your group or family and explore the concepts together.
Check Your Understanding
1. What does 'save before you buy' mean?
2. Why does Islam discourage debt?
3. What is delayed gratification?
4. How is saving a form of self-respect?
Key Takeaways
- The Islamic approach: save before you buy
- Why avoiding debt is a core Islamic financial principle
- Patience and discipline with money
- Delayed gratification: the marshmallow test for money