Living in the UAE? Here are the top ten ways to end up richer in 2015

Published January 14th, 2015 - 02:22 GMT
After the New Year’s Eve fireworks die out and the parties end, it’s time to get serious with personal finances.
After the New Year’s Eve fireworks die out and the parties end, it’s time to get serious with personal finances.

After the New Year’s Eve fireworks die out and the parties end, it’s time to get serious with personal finances.

The majority of residents in the UAE are spending the bulk of their income on rents, utility bills and debt repayments. It’s only right to kick start the year by reducing expenses to avert any crisis in the future.

According to the National Bonds Corporation survey released last December, nearly eight in 10 (77 per cent) of savers in the UAE are not confident the amount of money they have set aside is adequate for the future.

The study also indicates that over half of the respondents in the UAE have borrowed money from lending institutions, with the majority currently stuck with either one or two loans.


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