29 August 2017
Learn the techniques that make saving easier.
Whatever stage of life you’re at, there’s always something you need to save for – maybe it’s your kids’ education, a new home, your pension, or even just an emergency fund for the unexpected.
But in reality, saving is hard. With the cost of living in Dubai there’s often nothing left at the end of the month, and we never quite get started on that savings fund.
The good news is that it can be done. Keep in mind a few simple steps to reset your spending habits. We’ve created this short guide to help you spend less and save more – so you can be ready for whatever life has in store.
The first step to spending less is to see where your money is going. Keep track of everything you spend – the simplest way to do this is to pay for everything with one card, and then download your monthly statement into a spreadsheet. Go through and analyse each purchase, asking yourself if you got value from it. Doing this will train your brain to weigh up every purchase before you make it, which can reduce your spending.
Credit cards are a great tool if you use them properly. They come packed with benefits like Air Miles, airport lounge access, cashback, and free cinema tickets – all of which you should take advantage of. But these benefits are only worthwhile if you pay off your credit card balance in full every month. If you don’t, you’ll get hit with very high interest, which can quickly add up and put you in a bad financial position.
Living and working in Dubai, it’s easy to forget that you’re in one of the best tourist destinations in the world. Lying on a beach sipping a cool drink and listening to the lap of the waves feels just as great on a Fujairah beach as it does in Greece or Spain. So next time you need a break from the daily routine, why not save money on flights and travel costs and take a local break? There are fantastic destinations across the UAE, from Abu Dhabi to Ras Al Khaimah – and there are always great deals available. You’ll realize that you don’t have to be far from home to feel far from home.
One of the great things about living in Dubai is the range of free activities available across the city. Go online and find out what’s happening, then get out there and enjoy something new. Visit the Dubai Fountains, see the flamingos, or just wander round a bookshop. In the cooler months you can make use of outdoor spaces like parks and beaches. Try and set aside one day of the weekend for just free activities, and you’ll soon see the savings add up.
Loyalty programmes bring you all kinds of exclusive benefits and discounts. And no one gives you more than RSA Royalty. Make the most of your membership and save on food and drink at a range of AccorHotels, get discounts on flights with Orient Travel, spas with Dreamworks, car washes with GeoWash, and more. There are so many ways to feel rewarded.
Think wise and join RSA Royalty.
With RSA insurance for your home, car and travels, you’ve got the coverage you need for any eventuality. Which means you’re free to enjoy the things that matter. So, get saving for them!