Thursday, July 4, 2013


HOW TO INCREASE YOUR SAVINGS 1. Consider saving as a mandatory expense 2. Open a savings account that’s harder to get to than your checking account 3. Systematically (monthly) save to that isolated account on a regular basis 4. Pair your raises with increase in savings 5. Set milestones with rewards 6. Write down expenses in three to six-month goals 7. See where your money is going (A daily coffee may cost you only Dh12, but if you add that up over a one-year period, this could set you off Dh5,400) Before buying electronics, jewellery or fashion items on impulse, wait 30 days (you might realize you don’t need those things at all. This could save you thousands by the end of the year)

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