Finance
Shopping list
Smoking
Cook at home
When you are shopping, it is always
better to have a list. It keeps you from
forgetting anything and also helps you
to stick to the budget. If you do not
have a list, you tend to wander, deviate
and end up buying something that you
don’t need.
I am not a smoker, so this maybe
easier said than done, but try to quit
smoking. It affects your health and also
steals money from your pocket.
Eating out daily is costly and also
unhealthy. Try and cook at home every
day. With one hour of concentrated
effort in the kitchen, you can cook a
great meal at home. With practice you
can reduce that time and also try new
recipes.
Drink Water
Allow water to take the place of juices
and carbonated drinks. Water is
cheaper and healthier.
Stored food
On some days, just eat the stored food
in the fridge. This will ensure that the
food is not wasted and money is also
saved.
Cheap grocery
If you have to make a frugal living in
the UAE, you need to compare grocery
prices and buy from the supermarkets
that offer great deals and discounts.
Avoid junk food
No doubt, some junk food tastes great
but they offer very low nutritional value.
Depending on junk and packaged food
can have dire health affects, which in
turn escalate your medical bills.
Public transport
The UAE now offers all modes of
public transport. Now that petrol
prices have increased, public transport
makes more sense. The metro in Dubai
is well connected and even the buses
are frequent and cheap. Opt for public
transport at least thrice in a week.
If your colleague and you live in the
same locality, think about car sharing.
Switch off electrical
appliances
When not in use, switch off the
electrical appliances. When you are
working in the kitchen, you don’t need
the TV in the living room on. 'If you are
living in an apartment with a window
AC unit, switch it off when not home.'
Exercise
Going to a gym can be costly in the
UAE. You can substitute it with long
walks, jogging in a park or doing
ground exercises at home.
Always look for ways to save
money
When you want to save money, no
other strategy works better than
consciously making an effort to
looking for ways to save. Whenever
you want to purchase something or use
something, think about how you can
do it more efficiently and effectively.
Ideas strike from nowhere and some
ideas will keep saving you money for a
long time to come.
By implementing these tips, you will
be surprised to find just how much you
can save in a week, let alone a year. Go
ahead. Give them a try.
After The Bell
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Jan - Feb 2016
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