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Ramadan and family budgeting: How to keep spending and parenting in check
Ah, Ramadan! The month of fasting, prayer, and spiritual reflection. And let's not forget the month of discounts, sales, and promotions.It's a tricky time for our wallets, isn't it? But worry not, we’re here to share some tips on how to maintain good spending habits throughout the month.
April 7, 2023
The Benefits of Giving Your Kids a Spending Card: Why You Should Consider It
To all you hardworking parents out there — if you're tired of being nagged by your kids for the next allowance payment, there may be a solution. What if we told you that giving your kids aged 8 to 18 a spending card could actually be a good thing? No, we haven't lost our minds, hear us out!
March 10, 2023
Raising Financially-Literate Children
Unfortunately, one of the greatest skills adults are required to have is not commonly taught at schools around the world.‍We’re not talking about how to make money as a YouTuber or even how to make Sunday morning pancakes — though both are very relevant skills these days — instead, we’re talking about personal finance management. This skill is necessary for you to be able to live the lifestyle you want to without worrying about earning your next paycheck. To adults, this is called retirement.‍
February 10, 2023
UAE Residents can spend online in minutes
A snap could mean many things. There’s the app you use to send your friends selfies with cat filters. Then there’s the sound that rice crispies make — you know, “snap, crackle, and pop.” And then there’s the sound that your thumb and index fingers make when you “snap” them together. Oh ya, and it also refers to the speed at which you can get your Bankiom card in — if you’re living in the UAE, for now at least.
January 6, 2023
Navigating the neobanking world in 2023: Dealing with rules, rivals, and trust.
From waiting in line at the bank to outdated technology, managing money has had its difficulties - until now! Neobanking is shaking up banking services with digital convenience and accessibility. But this new industry will have a few challenges on its hands if it wants to reach full potential by 2023. For starters, there are the regulatory-issues. Just like traditional banks, neobanks must jump through hoops to get the green light to operate. However, they often face extra scrutiny because they're the new kids on the block and don't have a physical branch to call home. Don't worry though, these neobanks are tackling regulations head on and working hard to get the necessary licenses and approvals.
January 4, 2023
Modernizing the way we bank
A Dubai-based fintech startup, Bankiom wants to deliver a much better banking experience to digitally native customers. Launched in March 2022, so far Bankiom has more than 30,000 verified users, growing at 20 percent per week. “Our target is to get to 1 million users within three years,” says Danny Abla, co-founder of Bankiom.
December 16, 2022
Paying your friend back for dinner doesn’t need to be so hard
We bet it’s happened one too many times were you’ve had dinner with friends, someone picks up the bill for convenience sake, and then asks everyone to transfer them their share. Seems pretty easy, right?
November 14, 2022
Multiple tabs got you feeling chaos?
Every since the Alt + T shortcut came into our lives, it seems as though, all of a sudden, it’s been okay to just open yet another tab to access a site on our desktops and phones — though toggling between them is more often than not an art in itself.
November 14, 2022
What is cyber fraud and do I need to put up guards?
When you spot the bad guys, who are you going to call? Ghostbusters! No really, you’d likely call 911 (or 999, in this part of the world) — in real life, at least. What do we mean by that? Well, often, in the cyber world, other people have got your back in addition to the police!
November 14, 2022
What does The Fed’s interest hike mean?
What was the problem, to begin with?As Covid-related complications, such as the chip shortage and lockdowns, reduced the supply of goods around the world, the price of goods went up. Remember the good old supply/demand curve drawings you were made to learn back in Econ 101? That’s why!
November 14, 2022
How to finance your university tuition as a student
It's a known fact that tuition fees are rising every academic year, which does not make it easy for college students or parents at all. Accordingly, student debt rises too, making it a crisis that concerns fresh graduates, their families, and the government, especially when not everyone has rich parents that can pay for their tuition.
November 14, 2022
What age do you become legally financially independent in the Middle East?
Hey, you — ya, you reading this...are you over 22? If so, are you financially independent yet? Meaning, you pay for yourself, aaaaaaaaall the way...?If not, did you know that most Americans, at least, think you should be by the age of 22? In reality, though, only 24% actually are by that age.
November 14, 2022
What does all this talk about inflation in the news have to do with your personal financial planning?
You know how petrol prices are sky-rocketing and properties you’re looking to buy are priced through the roof…? Seriously, it’s costing us almost Dh200 to fill up our 4x4’s gas tank these days! Well, you’re not the only one feeling this — inflation is rising at the highest rates in over 40 years, all around the world.
November 14, 2022
How to teach your kids about money?
Many people associate adulthood with being financially responsible. But, how to be financially responsible is not something traditionally in school or university — crazy, right? No shade for all the algebra we learn that many of us don’t use, but being able to fund yourself responsibility throughout life is a real-life skill that practically every single individual needs.
November 14, 2022
How to mindfully make material purchases
More and more often you find people lined up outside the Apple store when the umpteenth version of the iPhone gets released and you think to yourself, "Wallahi, what's the need to be the first to get their hands on that device?"; The answer is not something many can easily gauge,
November 14, 2022
How to *not* let splitting the bill sweat you out
It's no secret that when you go out with friends, the dilemma of how much it'll cost you will be on your mind. Apart from how expensive the menu is, how you split the bill amongst your friends could add to the expense.
November 14, 2022
Itching to shop online?
Can you be addicted to shopping?Turns out, yes! And the culprit here is dopamine, that chemical in your brain that gives you a feel-good boost.
November 14, 2022
How to manage money with your partner for dual-income families
It takes two to tango, as well as to plan finances as a couple. Last week, we discussed the importance of having your partner on board when it comes to planning the finances of a household. Now, this week, we’ll share with you ideas on how to go about actually funding your accounts.
November 14, 2022
Home is where the heart (and spending card) is
Home is where a lot of things we love are—our pets, our beds, and even our Netflix. However, the home itself can sometimes be a bit of a burden (a financial one, that is) if one is not anticipating how it fits into their wider financial plan.
November 13, 2022
5 Steps to Build a Rewarding Financial Life
How many times have you heard your mother say "money doesn’t grow on trees"? She’s right, you know—it takes hard work to earn money. And so, with all the blood, sweat, and tears required to get there, let’s put it all to good use!
November 13, 2022
What are Virtual Assets and Should I Consider Investing In Cryptos & NFTS?
You know we all started hearing one particular word at every corner a couple of years ago, especially when COVID hit and everyone was at home glued to their screens? What was it? Oh, yeah, Bitcoin. NFT too, in fact! "What are these?" you may ask. These are different types of digital assets; now let’s learn a bit more about them.
November 13, 2022
The Latest Retirement Options in the UAE
Up until last week, foreigners in the UAE did not have a local UAE pension fund to invest in. The only way foreigners could plan for their retirement was to utilize plans provided by the companies they work for; however, these plans were not really standardized across the UAE. But guess what?...
November 13, 2022
How to pay for your retirement
There are many practical benefits to planning your finances to save for retirement (like, the tutorials on YouTube are seemingly endless). Though no one can prepare for emergencies, assessing and tracking your finances can help you prepare for the unexpected, whether it be emergency rooms or a leaking air conditioner.
November 13, 2022
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