Saving in Dubai
Best Way to SAVE MONEY in Dubai ???
I've had a quick look through past threads but have not found too much that is (a) of relevance or (b) recent (cue clever poster that exposes the errors of my searching...) :-)
So I thought I'd start my own...
I moved to Dubai 6 months ago from the UK and to date have not saved a penny. However, I want to make 2012 my year to be financially astute and to save as much as I possibly can. I'm therefore interested in hearing how you save, the techniques (legal) that you use and, products you have chosen and general advice.
For instance, on pay day, do you move your money between Dubai accounts, transfer funds to UAE savings accounts, buy AE national bonds, invest within UAE. Also, do you transfer money back to the UK? If so, how? Wire transfer, normal online bank transfer? Take it back in your suitcase? Do you use any particular currency conversion companies? Which banks in UK do you use, products do you prefer etc? What kind of interest rates have you spotted? ISA's?
The above may seem a bit wordy and scatty (sorry) but just trying to cover all bases. If you think of a much easier/less complex way of advising...shoot! hehe
In case it helps for any memberships/eligibility issues that you may think of (for cards/accounts etc), I am a 29 year old male, British national, UAE resident (obviously), with a salary of 32,000 AED per month (only current monthly required spending is 5,500 rent and 2,300 for car hire).