Hazrat Moulana Muhammad Ilyaas (rahmatullahi ‘alaih) once mentioned:

In Islam, we are commanded to neither hoard wealth nor mise with it. Rather, we should spend it in halaal avenues. While spending wealth, one should be mindful of not transgressing the limits of Shariah by spending the wealth in impermissible or incorrect avenues. One should ensure that he spends the wealth in the correct avenue, in accordance to the manner Allah Ta’ala has commanded, and remaining within the prescribed limits of Shariah. (Malfoozaat Hazrat Moulana Muhammad Ilyaas (rahmatullahi ‘alaih) pg.18)

Source: Ihyaauddeen.co.za