Do expats save more in UAE than it is possible in their home country? Some save but most don't!!! In spite of living and working in UAE for many years, many expats leave UAE broke!!! This presentation disusses why most expats don't save and How to save more in UAE?

1. ARE YOU KEEPING IT?
How to save more in UAE?

2. WHAT BRINGS YOU TO UAE?
I usually ask this question to
every expat I meet, and I meet as
many as 5 - 10 every week.
The answer usually is Money /
Tax-Free Income.

3. SOME SAVE
BUT MOST
DON’T
Do expats save more than
it is possible in their home
country?

4. WHY DON'T THEY?

5. WHY DON'T THEY SAVE?
➤ It is because they get dazzled
by the glitz and glamour of
UAE, and lose focus of their
very purpose of them coming
to UAE.
➤ They forget the fact that it is
not important how much
money you make, what
matters is how much you
keep?

6. ““It is not how much money you make, but
how much money you keep, how hard it
works for you and how many generations
you keep it for.”
-Robert Kiyosaki

7. HOW TO SAVE MORE IN UAE?

8. SET A BIG SAVINGS GOAL
‣ It doesn't matter if you have just arrived in UAE or if you have been here
for decades if you must have a savings goal!
‣ The first step to achieving success in any field is knowing what the
outcome is?
‣ Similarly, it is important to set a challenging, practical and time bound
savings goal.
‣ Don't settle for small and short-term savings goals, desire to make it
big!!

10. Once you have set your desire to save a big
amount of money, track your progress
regularly.
With the advent of smartphones and tablets
it is easy to track your savings goals.
Use the smartphone apps to effectively track
your progress…
TRACK YOUR PROGRESS

11. DRAW A BUDGET…
➤ A Budget is the most basic and important tool in helping an you
achieving financial success.
➤ It enables you to make the best use of the money you earn; to meet the
financial needs of today and goals of tomorrow.
➤ It also allows you to manage your cashflow effectively while focusing
on your long term financial goals…

12. BUDGETS
ARE BORING
It takes a lot of time and
discipline to create and
manage a budget!!!

14. FREE BUDGET PLANNER
Exclusively designed for UAE residents.
Click to Download

15. SAVE ON RENT
Many expats believe that rent is an alternate to tax in UAE, because it can
take up to 25% to 50% of your income. If you are paying more than 30%
of your income as rent, then you should seriously consider moving into a
apartment / villa with a lower rent.
Read this while paper by Colliers which talks about rent affordability
based on income of residents in UAE.

17. CONSIDER OWNING INSTEAD OF
RENTING
‣ If you plan to live and work in UAE for more
than 7 years, living in your villa/apartment
would make a lot of financial sense.
‣ Given the low-interest rates, easy mortgage
approvals and surge of affordable housing it
is easy to buy your property in UAE.
‣ The only challenge would be the
downpayment.You would need between 25%
- 33% of the property cost to buy a property
in UAE.
‣ This is a BIG savings goal, add this now to
your Savings Goal Tracker…

18. KEEP YOUR CAR FOR 5 + YEARS
Change only when necessary…

19. SAVE ON AIRFARE AND HOTELS
Plan your travel in advance…

20. SAVE ON UTILITY BILLS
Try to bring them down by 20%

21. AVOID FINES
‣ Pay your credit card bills & loan
EMI's on time
‣ Keep a Track of your Salik
account, and recharge it when the
balance goes down.
‣ Be careful while driving and
follow the rules
‣ Wear the seatbelt
‣ Do not use the phone when
driving
‣ Use the RTA parking app or buy a
parking card to ensure that you
don't receive parking fines

22. GET RID OF DEBT
This is a no brainer

23. SUMMARY
Over a period of time an expat should;
1. Aim to live off less than 50% of his income
2. Invest in income yielding assets to complement his income
3. Reinvest the income from the assets in more assets yielding
income
Repeating this process over a period of time will make you financially
independent and Wealthy.

24. EXPERT ADVICE
As Qualified & Independent Financial
Advisor, I can be your financial coach;
‣ Helping you set aggressive saving goals in
line with your income and lifestyle
‣ Setting up an action plan for achieving them
‣ Investing your savings for capital
accumulation while beating inflation,
currency and market risks
‣ Identifying and investing the accumulated
capital in income yielding assets.
Visit www.financialplanning.ae to know more