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Personal Finance

In EXPAT LIFE on
June 23, 2016

Simple Money Saving Tips

As I’ve previously mentioned, I am now debt free. It was a long journey but it was not difficult either. In this article, I would like to share some money saving tips that eventually contributed towards my financial freedom. Read more

In EXPAT LIFE on
June 13, 2016

Drowning in Debt? – There is Hope – Part 3

Debt Free after 4 years

As I said in the last blogisode (blog episode), I am now debt free. Being debt free did not begin when I paid the last installment of the consolidated loan repayment. There are steps that I had to do in order to ensure that I am indeed free from indebtedness.

DROWNING IN DEBT Read more

In EXPAT LIFE on
May 15, 2016

Drowning in Debt? – There is Hope – Part 2

Like I said in my previous post, before I reached the point where I will not be able to pay my debt dues I went to the bank and told them my situation before things get any more out of hand. 

DEBT CONSOLIDATION

DROWNING IN DEBT

Read more

In ADVENTURE on
April 23, 2016

Drowning in Debt? – There is Hope

This is a 3 part post about debt and how I was able to get out of it. Let me start with this:

Before the global recession of 2008, it was very easy to get purchasing power here in Dubai. Banks would come to customers with pre-approved this and pre-approved that.

I fell in to the debt trap. I work for a large company with better-than-others-job-security. Bank representatives would be waiting in our bus pickup location to offer credit cards, loans, etc. Some of them even pre-approved.

So I gave in, I accepted the offer for a loan so I can take driving lessons. When I got the loan, I was also given 2 credit cards and was told that it was included in the account. I didn’t want to use it at first but then temptation kicked in. You know that feeling when you see something that you really want to have that you couldn’t before but now you can because you have a credit card? Yes, THAT feeling. 

I did make my first purchase using a credit card eventually which was followed by the second, then the third till it came to a point that I have been buying stuff that I don’t really need. Read more