money

Estate Planning Estate planning is more than advanced financial planning; it’s guaranteeing that your legacy lives on and creates generational wealth. A well-rounded estate plan requires careful planning and attention to detail – whilst planning for all possible future outcomes.

Credit cards offer benefits, convenience and purchasing power… but they require smart credit management to avoid common credit card mistakes. Through responsible credit card use, you will be able to maintain financial stability and make the most from the benefits offered.

How they workScammers pretend to be officers from Citi and will inform you that your credit card has been blocked due to unauthorized transactions. They will ask you to re-activate your card by clicking links in their emails or by providing your card details and One-Time PINs on a fake website.

When you’re planning for the future, it makes sense to assess your net worth and to understand its implications. The metric provides a snapshot of your current financial health.

The internet has given us innumerable advantages – but digital connectivity also brings with it many risks. And as significant portions of our lives move online, from shopping and travel bookings to banking and investments, the likelihood of being targeted by scammers increases.

The best time to start investing, the old adage goes, was 20 years ago. The second-best time is now.

Credit card aren’t just safe and convenient for online shopping worldwide. They also help you earn rewards Credit cards have proved their worth over the past year as more people in the UAE have begun purchasing goods and services over the internet.

While getting vaccinated for Covid-19 has opened many doors back up again, many of us are still rightfully against the idea of wandering too far away from home.

Many of us have realized the importance of our home spaces over the past year. Extended periods of time within our homes have prompted many UAE residents to rethink their interiors.

Credit cards can be a great way to teach teenagers about the importance of money. Although the very idea of putting a significant sum of money into an emotional young person’s hands may spark anxiety for some, teenagers can learn a lot about financial stability with a credit card.

Consider the following instances: A: If someone offered to give you AED 100 now or in a year’s time, you’re likely to take it now, without pausing to think about it.

For many UAE residents, loans are a fact of life. But that doesn’t mean you need to be stuck with loan repayments for life.

Almost everyone aspires to greater financial capacity. Be it a dream house or wedding, family vacation or school fees, we find ourselves needing more money to be able to afford the things we need/want.

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.

What is Credit Card Debt Credit card debt is the outstanding amount of money you owe to the credit card company for making purchases, balance transfers, or cash advances on your account. It is a form of revolving debt that allows you to borrow up to a pre-specified credit limit continuously, provided that you pay the outstanding balance on time.

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 purchases, 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.

What Are Citi ThankYou Points?Citi ThankYou Points are loyalty rewards earned through Citi credit cards or consumer checking accounts registered in the ThankYou Rewards program. These points offer numerous benefits to cardholders, including travel rewards and gift cards.

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.

What is Financial Freedom? You have probably heard of the term "financial freedom", but what exactly does it entail? The truth is, financial freedom can mean different things for everyone. For some, financial freedom can mean having the means to pursue a passion, while for others, it may involve building a nest egg for a comfortable retirement.

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.

You’ve been here before; in the throes of nail-biting, gut-wrenching, leg-crippling fear. You know what you want to do, need to do, but you’re unable to move past the block that exists only in your mind.

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 – whether in the UAE or elsewhere.

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.

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.

Out of the many investment options available on the market, mutual funds can be a beneficial portfolio addition for investors looking to diversify their holdings. However, potential investors may not have an adequate understanding of how mutual funds work and hence, may end up passing on this investment opportunity altogether.

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.

There are different loyalty cards available in the UAE, each with offerings such as travel miles, daily deals, cashback or points that can be used for store purchases and credit card payments.

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 cybercrime incidents have affected over 3.7 million consumers.

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 chance to meet new people, taste different cuisines and experience a new culture can be enriching and rewarding, however, it can also be expensive and easily create a hole in your pocket.

The lure of plastic money is steadily rising and UAE is slowly inching towards becoming a cashless economy.

Most credit cards come with some form of reward program, generally allowing you to accumulate points which can be redeemed on merchandise, gifts, travel miles, or cash back.

Chances are that you have seen your parents use them, your relatives and friends.

Credit is a powerful tool that comes in several forms. It allows you to buy now with the promise of paying later.

After you've decided on the type of credit.

Most consumers have the notion that credit cards are for shopping with occasional rewards. The truth is most are not aware and miss out on benefits worth thousands of dirhams, perks and privileges each year they are entitled to.

Opt for a Card during your next trip.

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 your income. It's usually easier to cut spending than to increase income.

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 start. As a first step, you need to organize your finances and keep a budget.

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.

Personal loans are probably the easiest to avail.

How often have you searched for financial options.

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.

A simple trait that helps all wealthy people.

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.

There are a multitude of investment.

In the last article we had discussed.

Whether it’s financial freedom, a secure retirement, or a luxurious lifestyle, we all have multiple financial goals to achieve. So, merely saving money is not enough.

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.

When did you last step into a bank.

What is Blockchain?

We have all been through it. Queuing up at the teller, waiting for the branch to open, unable to bank during holidays or weekends - just when we need, forgetting to pay bills. Welcome to digital banking! The smarter, simpler way to bank while on-the-go.