Finance
HOW TO SAVE MONEY ON YOUR EVERYDAY EXPENSES IN THE UAE BY: JEFF EVANS
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iving in a lavish country like the United Arab Emirates (UAE), can tempt us to spend our money on meaningless things. In a world where ‘trends’ keep changing, we often catch ourselves spending on items that we do not even want, need or use. Such actions lead us to not being able to save enough for other important needs or for future and often unforeseen expenses. For new educators to the UAE, it could be difficult to stick to a strict budget while dealing with; utility bills, children’s education, shopping, entertainment, vacations, etc. But what if we show you some ways in which you can save money while still being able to enjoy life in the UAE. Keep reading to learn how you can save money on your everyday expenses right here in the UAE.
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Term 1 Sep - Dec 2020
1. Wise Shopping Stick to a solid shopping list which contains only the necessary items you need. Fun fact: You are more likely to impulsively buy more things (even non-food items) when hungry. So, eat before you go grocery shopping to stick to your shopping list! Buying in bulk at wholesale stores is also another option. Buy groceries that will last for a month or two, so that you do not need to spend on groceries every week. Compare prices at different stores and find out which store sells products that fit your budget. Check the receipts to see if the cashier has made any mistake while checking out your items, so that you are not paying extra unintentionally. A tip to save while shopping online is to make use of coupon codes. UAE is a leader, in the region, for online businesses such
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as Amazon, Namshi, Shein, etc. which as part of their product promotions, offer discounted coupons. Every budgeted discount redeemed, is a saving earned. Do not be tempted to always buy the imported brands that you are familiar with. A trip to your local supermarket can be an adventure. Try finding local brands that you can grow to love. Buying locally produced goods will save you a ton on your grocery bill. Here is a top tip, instead of buying everything at a supermarket, try finding a local gift market. Gift markets, normally sell grocery items cheaper than supermarkets. Visiting a gift market once per month and stocking up on non-perishable items can save you quite a bit on your monthly grocery bill.
