Tag Archives: Dubai life cover

What if it does happen to you?

Posted on by
1

Imagine receiving news that can totally change your life in an instant.

No one knows what is around the corner. No one knows what will go wrong in their life, when illness will hit, when a breadwinner will die.

You can’t know what will go wrong but you can plan for it. You can be prepared for when life takes a wrong turn.

In the past three months alone, I have some across two cases where a parent has become very, very seriously ill. Both in their 40s. Too ill to work, probably not for many years, if they even survive. They have young children.

Now both families are in trouble as they have expenses and no, or significantly reduced, income. The last thing they need is money problems on top of everything else.

You do not want to be in this situation. And you don’t need to be if you take steps now.

Continue reading →

Financial Tips for Parents

Posted on by
1

When you have children, you get lots of advice and tips from everyone but one area that tends to be overlooked is the financial aspect.

In the excitement of impending parenthood, or the crazy first few months – and years – you may never get around to taking some important financial steps. It’s too easy to forget this essential topic so this article is designed to be a useful guide to some of the issues you need to consider.

Multiple surveys have put the cost of raising a child at eye-watering levels over their first 18 years and expats working in the UAE have the added cost of education and medical bills to contend with.

Factor in university or college costs and the fact that many young adults may not be fully financially independent until closer to age 25, and you can see just how important it is to plan sensibly.

Let’s look at some of the financial steps you need to consider.

Continue reading →