It is not uncommon for expats for make a few financial mistakes when they move to another country but proper planning, research and the right advice will mean you do the right things. This is a list of the most common errors and while some may seem obvious, they are all made regularly. Knowledge is power so have a read and make sure you aren’t making mistakes that you could easily avoid.
We’re approaching the hottest time of the year in the UAE, a time when many people think about going on holiday to avoid the heat for a while. The long school summer holiday starts shortly so many families and teachers will travel during this time. With this in mind, I’d like to give you a few hints and tips for saving and safeguarding money when travelling.
Most people are aware that rents are falling across the UAE so many of us will be expecting a reduction in our rent at renewal. But what if your landlord hasn’t got the message and doesn’t want to give you a reduction in line with general markets? Here are some hints and tips to try to persuade them.
At this time of year it is popular to make New Year resolutions, but how many of those are about our finances? Making sure you are financially fit is as important as vowing to visit the gym regularly but once you’ve taken the initial steps is less time-consuming and you can do most of it whilst sat comfortably on your sofa.
We all have to spend money but can you do it more smartly? Invariably we could all spend less and save more and a little focus rarely goes amiss. With that in mind here’s a list of 10 steps you can take to get yourself financially fitter in 2019.
It is sadly all too common for people to get into debt whilst living in the UAE, for multiple reasons, so this article is designed to give you the steps to work through to deal with any debt problems you may have.
It is really important that this is dealt with as non-payment of monies owed is a criminal issue under UAE law and can lead to serious consequences.
These are the steps you need to take to get back in control and to deal with the banks.
Most expats have a need to move money between currencies and it makes sense to find a way to do this securely, easily and where you can save money.
The online services offered by retail banks are rarely competitive and even if they do not charge a fee they make their profit on the poor rates of exchange offered – but there is a better way and you don’t even need to leave your home to get much better value for money. And all savings are good, right?
Credit cards are a fact of modern life but are they friend or foe? Should you have one, or are they to be avoided?
When used sensibly and responsibly they can be a useful tool with benefits but too often they are used to support a lifestyle, the balance is not repaid in good time, and they become a very expensive burden.
This article is a quick look at both the pros and cons of this type of consumer debt.
There is no doubt that many youngsters leaving school this summer are lacking in practical knowledge about their finances. It is important to have some financial knowledge to safely negotiate the adult world so here are some points that every young person should know about money.