Cash now pay later has recently gained traction due to its flexibility with the installments and availability in smaller amounts.
Many individuals and small businesses need money for several reasons, such as
– To meet financial emergencies
– To maintain a cash flow
– Spend for business growth
– Own specific equipment/tools for business, etc.
When opening a bank account, you are always asked whether you want savings or a current account. If you don’t know which one you should select, you will end up opening the wrong account that will not serve your purpose.
The United Arab Emirates (UAE) has a whopping population of 9 million expats, which comprises 88.52% of the total population. Attractive package, lap of luxury, and the dash & dunes of the country have gathered more expats to work for them.
However, living in this country from a financial perspective is not smooth sailing if you haven’t planned your finances. This blog is your go-to guide for personal finance tips if you are a working expat in the UAE
Applying for a loan might be a daunting task for many, but not for those who research thoroughly and avoid common mistakes. Mistakes made in the financial world cost you more money than the mistakes you make in other areas.
The unemployment insurance scheme announced by the UAE government is effective from 1st January 2023. The scheme is introduced to offer social security during unemployment and enhance the competitiveness of unemployed people. Already 250,000 people applied to the scheme by 12th Jan 2023
Once you become a parent, everything changes, and one of the most significant things that will change is your expenses. While raising a child is one of the most fulfilling experiences in your life, many people conveniently forget to mention the impact on your budget.
Only 25% of the high school students in the USA have access to personal finance education this year. However, 80% demanded to be educated about managing their personal finances.
Your loan application in the UAE will be rejected if all your EMIs (equated monthly investments) has reached 50% of your monthly income. Thus, your credit history significantly impacts you when you need money in urgent situations.
We all make mistakes and learn from them, but money mistakes are too costly that you must avoid them. Financial decisions need patience and a lot of your time to think about whether a decision is good for you and for your kids.
How Most Parents Pay Their Kids’ School Fees?
Although cash and credit cards are the most popular payment options, payment apps and digital payment methods are increasing rapidly. E-wallets or digital wallets will be used the most among all other digital payment methods as time passes