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.
When it comes to taking control of your finances, the obvious, but frequently overlooked first step, is to take a long, hard look at your monthly budget. Quite simply, if you don’t know what your outgoings are, how do you know if you are overspending? How do you know how much money you have available to spend each month?
This article provides a guide to working out your budget and reducing wasted expenditure. Life in the UAE is expensive and we can all benefit from reminders of how to manage our heard-earned income a little better.
Get started by following these steps: