The National published an article on how UAE expats can turn around their finances in the UAE.
Step one: Budget, budget, budget
It’s very easy to lose sight of your goals, and succumb to the urge to spend. But, if you want to save, you have to control spending urges and budget. Start by saving a small, manageable amount each month to develop the discipline of regular saving. Set regular, achievable goals – a monthly amount that takes into account all your fixed expenses such as rent, utility bills, groceries etc. The next action is to create a budget and keep a track of all your expenses. While there may be distractions along the way, staying committed to your plan is the most important part. If you struggle, remind yourself of the bigger long-term goals you want to achieve. Even small things such as missing out on a concert or expensive dinner can make a difference.
For the full article go to The National