Muslim mumsnetters - how did you use your mahr?

[Snickers94]

Wondering if I should use mine to pay off a hefty overdraft that, thanks to interest, never seems to come down much no matter how much I pay off. Has anyone used theirs for something like this?

I really want to be debt free, but I don't know if this is appropriate for mahr as it will eat the whole thing up. For some reason I feel like that money is untouchable.

I am employed full time, and the mahr I have left amounts to about 1 months salary for me.

TIA

I had gold as mine it is worth about 13,000 -14,000 now.

I look at it as an investment

Same, I actually forgot that I have gold too from my wedding worth around 6.5k. I would only be using the cash part of my mahr towards paying off my overdraft

I'm not Muslim but why don't you loan the money to your bank account and pay it back to yourself monthly?

I am under the impression it is for your security and independence, and paying off your overdraft will be pretty liberating for you.

I used mine to put towards our first house deposit

Used mine to buy some gold. Cash doesn’t go up over time but gold does. I guess I would use it if I was struggling with overdraft

I haven't done anything with mine yet but what thinking about investing it in stocks/shares or save it until I have enough savings to put a deposit down on a small flat as an investment