Ramadan can see your spending spiral out of control, but a little discipline and some clever advance planning can keep your finances on track during the holy monthAs we saw last year, the pandemic can intensify what is already a challenging month in many ways.
Longer life expectancies mean that retirement can truly be a time for new adventures. But do you have the wherewithal to fulfill those lifelong dreams of world cruises and global travel – or even just to meet your healthcare expenses comfortably? Sadly, Many UAE expats have no financial plan to fund a scaled-back life retirement.
High credit card debt is not uncommon in the UAE. It starts small, with a tiny luxury here and a setback there.
As we spend more time online on more platforms than ever before, scammers have found new ways to con us into parting with our money. This article explains what steps UAE residents can take if they are victims of bank fraud.
Credit cards are almost a necessity of late-stage capitalism. Whether you use them to buy airline tickets or to pay for your everyday purchases, credit cards in the UAE are convenient, easy to use and often come with rewards such as cashback or air miles.
Automated Teller Machines (ATMs) have steadily increased in popularity since their introduction in 1967. From cash withdrawals and deposits to transfers and airtime purchase, a good number of financial transactions can be completed at ATMS.
10 tips to stay safe when banking online in the UAE Whether it’s paying your bills or sending money overseas, online banking has proved particularly convenient over the coronavirus pandemic. Managing your money over the internet is both safe and convenient in the UAE – provided you follow a few basic protocols.
If you’re seeking to turn over a new financial leaf, it’s not enough to simply examine a snapshot of your current circumstances and smooth things out around the edges. Achieving lasting and effective positive change will require you to trace your "money story" back to its very beginnings.
With all of us spending more time than ever at home over recent months, we’ve also been living a greater proportion of our lives online. In October, a survey was carried out across several countries found that the impact of the COVID-19 pandemic has changed how we use e-commerce and digital solutions.
Financial freedom doesn’t have to be elusive. On the contrary, all it requires is a roadmap and committed action.
Opening a bank account is one of the first things expats do after moving to the UAE. It is only after setting up a bank account that you can begin to pay rent, receive a salary through an electronic transfer, apply for a credit card and conduct business.
Given the slowdown of travel due to the COVID-19 pandemic, your travel credit card is probably tucked away in some forgotten part of your wallet. The good news, however, is that even though you won’t be booking any flights or holidays abroad anytime soon, these cards still offer plenty of rewards and perks which can add value to your everyday life.
In many ways, 2020 has reminded us that there are few certainties in life. And as we have seen, those with paid-up insurance policies in place have generally fared better than those without.
First there was phishing (Email). Then came smishing (Phishing through SMS).
As a relative new payment system, there might still be some hesitancy in using Apple Pay. This article considers some common misconceptions around Apple Pay, and the truth behind them.
Given the ease with which many UAE residents seem to be offered bank credit, it can be hard to understand why your loan or credit card application was vetoed, particularly since not all banks will share their reason for refusal. Yet, the reason may have nothing to do with you personally.
Have you ever received a text message that claimed to be from your bank, Central Bank or Police, asking you to click on a link or call a phone number to verify or re-activate your frozen account? If your answer is yes then you may have been targeted by a smishing scam.
You know your age, your weight and perhaps even your blood cholesterol levels. But do you know your credit score? A significant number of UAE residents are unaware of the term, research shows, let alone that a credit score is perhaps the most important number when it comes to financial matters.
If used responsibly, credit cards can be a great tool that can help you get more for your money. In this article, we outline some of the biggest advantages of paying with cards.
It’s a myth that you need money to make money. Teaming up with other investors offers an easy way to access different asset classes without big upfront investments.
Who is responsible for teaching children about money? Should it be taught in schools, where so much of their day-to-day learning happens? Or should parents (who may be figuring out finances themselves as they go) be the ones who instil the values of personal finance? Gregg Murset, a certified financial planner, says it certainly should be discussed in school, but home is an ideal ecosystem in which to teach children about money.
Big purchases come around every now and then. What constitutes a big purchase for many people, and rightly so, is any purchase that has the potential to impact cash flow.
A personal loan can help you achieve your financial goals. But a number of factors determine how to go about picking the right loan.
The ongoing pandemic has accelerated the adoption of a digital first economy where both businesses and the consumers they serve, have little option but to adapt quickly. Besides the obvious shift to an online world, consumer behaviour over the last months have ranged greatly from toilet paper hoarding to round-the-clock content consumption.
Do you remember life before smartphones? Probably not. Smartphones are used for almost everything these days, from ordering groceries to tracking workouts and pretty much answering all our questions.
What A Savings Account Can Do for YouBeyond earning interest, there are many convincing reasons why opening a savings account makes financial sense. According to a recent survey, more than half of UAE residents struggle to save, while nearly a third admit to not saving a single dirham every month.
As we continue to tackle COVID-19, we are also grappling to keep the economy from coming to a grinding halt. To this end, corporations, schools, small businesses, NGOs, governments, and individuals have adopted various digital strategies to stay connected and productive.
The UAE is a global destination with great infrastructure and connectivity. It attracts people from all over the world who relocate to this dynamic city for work and livelihood.
Offering a unique value proposition to consumers, popular discount app VoucherSkout has attracted more than 45,000 users and 500 outlets in the UAE.
Many people striving for financial freedom struggle with saving. By making a few simple changes, you can avoid common mistakes and start building a better financial future.
With so many types of credit cards available in the UAE, many of them allow the customer to earn rewards.
Choosing the right credit card does not have to be a daunting task.
According to the 2017 Norton Cyber Security Insights, a report by Symantec Corporation, credit cards.
Weddings are a once in a lifetime event filled with fun, frolic and grandeur.
A vacation is just what you need to stop the clock and recharge once in a while.
The lure of plastic money is steadily rising and UAE is slowly inching towards becoming a cashless economy.
With credit cards having become a key factor in the financial lives of people worldwide, it comes as little surprise that providers are offering attractive offers and deals to those who sign up.
Chances are that you have seen your parents use them, your relatives and friends.
Making the most of your credit card benefits (that you may not be aware of).
Ramadan is traditionally a time where people spend more time with friends and family, dine out more frequently and even donate more than other times of the year.
If your income doesn't cover your expenses, you must either cut your expenses or increase.
The first step to using credit wisely is figuring out how much credit you can.
The best way to deal with credit problems is to develop good habits before problems.
Most expats come to the UAE with dreams of a better lifestyle than in their home countries.
UAE residents are increasingly putting themselves at risk of debt by turning to personal loans or credit cards.
An unplanned trip, a close friend needs help, a hard to miss vacation deal, a shopping festival, a special anniversary, a higher education, a medical emergency
Fixed deposit (FD) - or term deposit- is one of the safest, oldest and most common investment avenues. In the UAE, although the returns from FDs are tax-free, inflation can affect the returns significantly.
If you are looking for an alternative to conventional deposits that offers attractive interest payments and portfolio diversification, then bonds should be on your radar.
You have some money to invest. There are two ways to go about it - identify the stocks, bonds and similar assets - invest individually and manage them yourself. To do so requires expertise, time and effort.
Life is what happens when you are busy making other plans.
A sunny beach holiday, pursuing hobbies, and enjoying time with loved ones. If that is your picture of retirement, like most people, then planning towards it is a must. Let's face it - you retire from work, not life.
McKinsey research suggests the digital market could add $95 billion per year to the Middle East's annual GDP by 2020 if the correct government, business, funding and talent measures are taken.