5 tips to save money in the UAE

It’s a fact that Dubai may be seen as an expensive city to many to live in and saving money in the UAE may sound like a myth, especially now that there’s VAT too. Considering we don’t pay income tax, we can take advantage of saving while living in this beautiful country. We know that it might sound difficult but it is doable. There are many ways you can save money. Here are our top 5 picks:

Calculate your monthly costs

The first step to save money is to actually do the work to figure out where your money is going. Put the kettle on and write down your main expenses; rent, utilities, loans, groceries…etc. This will make it easier for you to understand where you should cut down and how much you could actually save.

Cook more at home

Let’s admit it, we are all guilty of eating out almost every day because it’s more convenient. But eating out every day is costly and unhealthy. It’s time to unleash your inner Gordon Ramsay! Think about it if you were to spend AED50 for 2 meals a day, at least 5 days a week, that would equate to AED24,000 a year, minimum.  There are a lot of easy lunch recipes you can cook the night before or you can cook a huge portion and divide it into smaller portions and freeze them. This will also help you achieve the usual new year’s resolution aka lose weight if you do it right. 🙂

Compare prices

Comparing prices of different brand of the same item may save you a few Dirhams on each item so when you are at the check out cashiers you can really notice a difference. Try monitoring it for a couple of months and see if your old choices were putting a dent in your wallet.

Sell stuff you don’t need

We all have stuff that’s lying around collecting dust. You can sell your items and save the money for a quick weekend getaway.

Treat yourself

Just because you are going on a budget, doesn’t mean you shouldn’t treat yourself every now and then. You can always find yourself a treat for less than it’s market price on dubizzle ;).

 

Our last tip is, download the dubizzle app to buy and sell faster, on the go!

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