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How to Save Money and Stay Debt-Free in Dubai: 7 Helpful Tips

How to Save Money and Stay Debt-Free in Dubai: 7 Helpful Tips

In Dubai, you will be able to put away money and be free from debt. Lifestyle in Dubai may be great, but you cannot have it without debt if you are not careful. There are different ways to avoid debt such as detailed budgeting and restructuring loans. These are complicated, but there are things that can be done at an immediate level.

1. Sharing Means Taking Care of Your Pocket

A study revealed that 30 percent of shopping activities done in Dubai is done online. You can find a friend, family, or colleague who might want to shop from the same online shop as you. You can split the shipping costs or save more from a large order.

2. Delete your Stored Credit Card Information

Shopping apps usually store your credit card details. This will make it more convenient for you to purchase the item. Delete it so you will have time to pause and think first before you buy the item. You can put the items on the items you love list and spend one day more before you decide to buy the item or not.

3. Eat Together

It is better to eat homecooked meals together but most of the time no one has the time to labor in the kitchen. Dubai allows for large orders. You can split it with your colleagues or friends and be in control of the portions. This way you can also spend less and split the delivery cost.

People eating a meal around a table
Photographer: Priscilla Du Preez | Source: Unsplash

4. Increase Your Water Intake

It is important for you to stay hydrated for you to stay healthy and to save money. Aerated drinks cost more than water whether you stay at home or dine in a restaurant. When you are in Dubai, it is a wise thing to drink tap water.

5. Pay Yourself

You can set a daily wage for yourself. You can start Dh10 per day and put it in a jar. Eventually, this will add up.

6. Watch Movies Through Mobile Apps

A person may spend Dh100 a week in Dubai for a movie. You may instead choose to watch unlimited movies and TV series from apps by paying only a monthly subscription. This can be projected to a larger screen for the family to watch.

7. Choose a Bank that has More ATM Availability

Remember that you have to pay switch fees of about Dh2 when you use an ATM of a different bank from yours. That’s why it’s better to choose a bank with more ATMs or one that has lower tie-up costs.

If you want to know more about the lifestyle in Dubai, it’s better to connect with the professionals. Contact us for more info.

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