• Menu
  • Menu
  • Budget Living
  • Subscribe now
    Digital subscription Print subscription ePaper subscription
  • Logout
Digital subscription
Print subscription
ePaper subscription
Trending
UAE holidays 2024 Corporate Tax News on WhatsApp The Kurator COP28
  • Latest News
  • UAE
    • People
    • Science
    • Government
    • Education
    • Crime
    • Emergencies
    • Environment
      • COP28
    • Health
      • Why Worry
    • Transport
    • Weather
    • Sultan Al Neyadi
  • Living In UAE
    • Visa+Immigration
    • Housing
    • Phone+Internet
    • Banking
    • Transport
    • Health
    • Education
    • Relocate
    • Reader Queries
    • Safety+Security
  • Business
    • Banking & Insurance
    • Aviation
      • Dubai Airshow
    • Property
    • Tax News
    • Corporate Tax
    • Analysis
    • Travel & Tourism
    • Markets
    • Retail
    • Corporate News
    • Tech
    • Auto
  • Best Buys
    • Electronics
    • Home and Kitchen
    • Offers
    • Consumables
    • Lifestyle
  • Your Money
    • Saving and Investment
    • Budget Living
    • Taxation
    • Expert Columns
    • Community Tips
    • Cryptocurrency
  • Food
    • Cooking and Cuisines
    • Guide to Cooking
    • Videos
  • Friday
    • Beauty
    • Wellbeing
    • Art & People
    • Home
    • Friday Partner
  • Games
    • Daily Crossword
    • Sudoku
    • Word Search
    • Spell It
    • Play
  • Podcasts
  • World
    • Gulf
      • Bahrain
      • Kuwait
      • Oman
      • Qatar
      • Saudi
      • Yemen
    • Mena
    • Europe
    • Africa
    • Americas
    • Asia
      • India
      • Pakistan
      • Philippines
    • Australia-New Zealand
    • Corrections
  • Opinion
    • Columnists
    • Editorials
    • Letters
    • From the Editors
  • Special Reports
  • Parenting
    • Pregnancy & Baby
    • Learning & Play
    • Child Health
    • For Mums & Dads
    • Ask Us
    • Games
  • UAE Success Stories
  • Magical Dubai
    • Dubai Life
    • Live the Luxury
    • Culture and History
    • Adventure
    • Staying Connected
  • Photos
    • News
    • Entertainment
    • Lifestyle
    • Business
    • Sports
  • Sport
    • UAE Sport
    • Cricket
      • IPL
        • Chennai
        • Delhi
        • Punjab
        • Kolkata
        • Mumbai
        • Rajasthan
        • Bangalore
        • Hyderabad
        • Gujarat
        • Lucknow
        • Live Scores
        • Point Table
        • Top Scorers
      • ICC
      • ICC World Cup 2023
        • Live Scores
        • Top Scorers
        • Point Table
        • Schedule
    • Motorsport
    • Football
    • Tennis
    • Golf in UAE
      • UAE
      • World
      • Photos & Videos
      • Course Reviews
      • Learn to Play
      • Gear
  • Entertainment
    • Hollywood
    • Bollywood
    • South Indian
    • Arab Celebs
    • Music
    • OTT
  • Going Out
  • Auto
  • Lifestyle
    • Health+Fitness
    • Community
    • Fashion
  • GN Reach
  • Tech
    • Electronics
      • Gitex Global 2023
    • Gaming
    • Media
    • Gitex Global 2023
  • Videos
    • How-To
    • Best Of Bollywood
    • News
    • Entertainment
    • Business
    • Sport
    • Community
    • Technology
  • GN Focus
    • Special Features
  • Know Plan Go
  • The Kurator
    • Life
    • Luxury
    • Style
  • Gold-Forex
  • Gratuity Calculator
  • Notifications
  • Gold/Forex
  • Prayer Times
  • Cinema Listing
  • GN Store
  • About Gulf News
  • Contact us
  • Work with us
  • Terms and Conditions
  • Privacy Policy
  • Advertise with us
  • Reach by GN
  • GN Focus
  • Gulf News epaper
  • Sitemap
  • Have your say
  • Printing Services
  • © Al Nisr Publishing LLC 2023. All rights reserved.
    Cash crunch? Here are 15 tips to wisely manage your routine finances in such dire times

    Your Money

    • Saving and Investment
    • Budget Living
    • Taxation
    • Expert Columns
    • Community Tips
    • Cryptocurrency

    Your Money

    Budget Living
    Browse articles by category
    • Saving and Investment
    • Budget Living
    • Taxation
    • Expert Columns
    • Community Tips
    • Cryptocurrency
    Back to page

    Budget Living

    Cash crunch? Here are 15 tips to wisely manage your routine finances in such dire times

    Ways to go about reining in day-to-day expenses when facing a pay cut or a loss of income


    Published:  February 11, 2021 10:30 Gulf News Report
    Follow us

    1 of 25
    15 tips to manage your personal finance wisely
    Ways to go about reining in day-to-day expenses when facing a pay cut or a loss of income. Image Credit: Stock image
    2 of 25
    15 tips to manage your personal finance wisely
    Take 10 per cent of what you bring in, put it aside and let it accumulate. Image Credit: Stock image
    3 of 25
    15 tips to manage your personal finance wisely
    Pay rent, school fees, utility bills, grocery, fuel and then set aside the surplus. Image Credit: Stock image
    4 of 25
    15 tips to manage your personal finance wisely
    Use some of the fringe benefits on your credit card. Image Credit: Stock image
    5 of 25
    15 tips to manage your personal finance wisely
    Optimise vehicle fuel bills by combining more than one essential trip. Image Credit: Stock image
    6 of 25
    15 tips to manage your personal finance wisely
    Leasing a car makes more sense in the short term versus buying a car. Image Credit: Stock image
    7 of 25
    15 tips to manage your personal finance wisely
    Once salary is credited, pay bills through auto pay to avoid fines. Image Credit: Stock image
    8 of 25
    15 tips to manage your personal finance wisely
    If phone bills are out of control, seek pre-paid instead of post-paid. Image Credit: Stock image
    9 of 25
    15 tips to manage your personal finance wisely
    Be mindful of the use of your calling minutes from the beginning of the month. Image Credit: Stock image
    10 of 25
    15 tips to manage your personal finance wisely
    Plan well for big monthly savings. Image Credit: Stock image
    11 of 25
    15 tips to manage your personal finance wisely
    Bulk buys give far better deals financially. Image Credit: Stock image
    12 of 25
    15 tips to manage your personal finance wisely
    While planning your costs for clothes, spread the expenditure over months. Image Credit: Stock image
    13 of 25
    15 tips to manage your personal finance wisely
    Draw up a budget on the number of times you are likely to eat out and set up a cash ceiling. Image Credit: Stock image
    14 of 25
    15 tips to manage your personal finance wisely
    Avoid holding onto more than one credit card. It make you vulnerable to fall into major debt traps. Image Credit: Stock image
    15 of 25
    15 tips to manage your personal finance wisely
    Its often recommended that you set aside funds for a rainy day. But how much? Image Credit: Stock image
    16 of 25
    15 tips to manage your personal finance wisely
    Put 50 per cent of your monthly savings into a separate savings bank account. Image Credit: Stock image
    17 of 25
    15 tips to manage your personal finance wisely
    Invest at least 10 per cent of your monthly income into a plan like mutual funds, stocks or bonds. Image Credit: Stock image
    18 of 25
    15 tips to manage your personal finance wisely
    If you are not able to do this, you may need to consider other means of income as well. Image Credit: Stock image
    19 of 25
    15 tips to manage your personal finance wisely
    Seek to save by using discount coupons at your local hypermarket! Image Credit: Stock image
    20 of 25
    15 tips to manage your personal finance wisely
    Preferably, stick to one supermarket to avail long-term savings in loyalty programs. Image Credit: Stock image
    21 of 25
    15 tips to manage your personal finance wisely
    Let's look at some crucial money saving ideas while renting or buying a home in the UAE. Image Credit: Stock image
    22 of 25
    15 tips to manage your personal finance wisely
    You could also rent a home in a location nearer to your children’s school or your place of work to save on transport costs. Image Credit: Stock image
    23 of 25
    15 tips to manage your personal finance wisely
    Opt for a residential area that is cheaper than the expensive downtown area in Dubai. Image Credit: Stock image
    24 of 25
    Personal finance tips
    Get-togethers are good as long as it does not come at the cost of your financial goals. Image Credit: Stock image
    25 of 25
    15 tips to manage your personal finance wisely
    If it’s a singles or couple’s party, draw up a budget and stick to the limit. Image Credit: Stock image
    Search the site

    Trending

    • Don’t postpone your gold shopping: Here’s why

      Don’t postpone your gold shopping: Here’s why


    • Meet the expat who built language app worth millions

      Meet the expat who built language app worth millions


    • UAE: Where to best invest Dh10,000 right now?

      UAE: Where to best invest Dh10,000 right now?


    • Bitcoin soars past $40,000 for first time in 19 months
      Update

      Bitcoin soars past $40,000 for first time in 19 months


    • How to retire abroad without any tax surprises

      How to retire abroad without any tax surprises


    • 4 tips on how billionaires made their first million

      4 tips on how billionaires made their first million

    Go back to top
    Network links:
    • GN Store
    • About Gulf News
    • Contact us
    • Work with us
    • Terms and Conditions
    • Privacy Policy
    • Advertise with us
    • Reach by GN
    • GN Focus
    • Gulf News epaper
    • Sitemap
    • Have your say
    • Printing Services
    Find us on Social
    © Al Nisr Publishing LLC 2023. All rights reserved.
    This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you. Both on your website and other media. To find out more about the cookies and data we use, please check out our Privacy Policy.
    Share on Facebook
    Share on Twitter
    Share on Whatsapp
    Share on Mail
    Share on LinkedIn
    Copy link
    Follow on Whatsapp
    Follow on Google
    Follow on Telegram
    Close
    Gulf News

    Get Breaking News Alerts From Gulf News

    We’ll send you latest news updates through the day. You can manage them any time by clicking on the notification icon.

    Subscribe No Thanks
    Continue reading Gulf News
    Dear Reader, please register to read gulfnews.com

    Dear Reader,

    This section is about Living in UAE and essential information you cannot live without.

    Register to read and get full access to gulfnews.com

    Create your account
    or login if you already have one
    First name is required.
    Last name is required.
    Please enter a valid email address.
    Password should have minimum 7 characters with at least one letter and number
    Passwords do not match

    By clicking below to sign up, you're agreeing to our Terms of Use and Privacy Policy

    Login your account
    New to Gulf News? Sign up now
    Please enter your email address.
    Please enter your password.

    Forgot password

    or