Introduction
Many people believe investing requires a large amount of money, but in reality, it starts by getting out of debt and managing your income.
Every riyal you save can be the seed for your financial freedom.
In this article, you’ll learn practical steps to clear your debts and begin investing wisely.
1. Know Your Debt Clearly
List all your debts — credit cards, loans, and monthly payments — including interest rates and due dates.
This awareness helps you create a clear plan and manage your money with confidence.
2. Use the “Snowball Method”
Pay off your smallest debt first, then move to the next one using the same amount.
This builds motivation and keeps your progress steady without feeling overwhelmed.
3. Cut Unnecessary Expenses
Review your monthly spending and reduce what you don’t need — unused subscriptions, eating out, or impulsive buys.
Each saved amount speeds up your debt repayment or investment start.
4. Build an Emergency Fund
Before investing, save enough to cover 3–6 months of expenses.
It’s your safety net and prevents taking new loans during financial emergencies.
5. Start Small with Local Investment Apps
Once most of your debts are gone, start small with Saudi investment platforms like:
- Tamara
- Mal’aah
- Darahim
- Darahya
Even 100 SAR monthly can grow into long-term financial assets over time.
6. Keep Learning
Financial literacy is the foundation of true wealth.
Read books like Rich Dad Poor Dad and understand how assets create income while liabilities drain it.
Conclusion
Becoming debt-free is the first milestone toward financial freedom.
Stay consistent, keep learning, and invest wisely — your money will start working for you, not against you.