An experienced person suggested the following budget :
Accommodation aed 1250
Groceries and cooking aed 750
School fees aed 1100
Health and misc aed 200
Electricity aed 300
Communications personal aed 250
Pockets Guarantee aed 250
Back home money transfer aed 500
Savings for future (untouched) aed 400
And using personal talents he can dedicate 50 hours per month for making some revenue also @aed 50 per hour as AED 2500 extra which can be used for any reasonable convenience.
This is the experience of the person who completed 5 years in the UAE in a very lower level SME. Many of this kind of salaried people are not having families along with them..so the savings part is much more than the above mentioned. .
But unfortunately most of the same category people end up in huge loans and commitments. Is this because of lack of planning or non systematic life style or just bcs of salary issue ? This is to be addressed and solved quickly with our suggestions and planning system.
