5 Simple Tips to Avoid Heavy Debts in UAE

1
5 Simple Tips to Avoid Heavy Debts in UAE

• MNS Credit Management Group

2
Overview

• Personal financial management can be challenging.
  especially if you're living alone, away from your
  family, and with nothing in the way of a support
  system. Due to the unpredictable nature of
  employment or a change in the business
  environment, expats in the UAE may have financial
  troubles. Even if your situation appears to be
  steady right now, it's important to remember debt
  collection agency in UAE can change in a flash.
  Financial instability and debt accumulation can
  have a significant and long-lasting harmful
  impact on one's mental and physical health if
  circumstances do worsen. For these reasons, as
  well as to safeguard your future through
  financial stability, it is always preferable to
  avoid debt in the United Arab Emirates. Let's
  look at how that might be accomplished.

www.mnscredit.com
3
1. BUDGETING

• Always keep some money aside for a rainy day! A
  delightfully simple yet incredibly powerful
  approach to manage your money is to have a
  budget. When everything is going well, you can
  actually save aside a sizable amount of money
  each month. Making sure you keep track of all
  your necessary spending is the first step. This
  enables you to keep track of your spending and
  your monthly potential savings. Where possible,
  you might also give out fixed sums, particularly
  for luxuries and amusement. It is better to
  reduce your spending on luxuries in case of an
  emergency or unexpected expense.

www.mnscredit.com
4
2. LIFESTYLE

• Some of the biggest brands in the world are based
  in the UAE. You can find everything here, from
  the best restaurants to luxury goods.
  Particularly in Dubai and Abu Dhabi, it's simple
  to become enamored with the glitz and go beyond
  your financial capabilities. And if something
  goes wrong, trouble is sure to follow. So,
  despite the numerous temptations, you must stay
  within your budget as an adult.It can also be a
  good idea to pay in cash and forego using your
  credit card as long as you have cash on hand.
  Maintaining a lifestyle on credit cards might be
  problematic.

www.mnscredit.com
5
3. REDUCE NEEDLESS EXPENSES

• You need a paid app, right? Is it worthwhile to
  get a yearly membership to a gym or magazine?
  Have you got enough free time to play on the
  gaming console? Is it time for a phone upgrade?
  Do find out if a new product or service offers
  you any functionality before purchasing it.
  Unfortunately, unforeseen costs can mount swiftly
  even before you become aware of a problem.

www.mnscredit.com
6
4. BE A WISE CONSUMER

• In Dubai, there are many credit cards and savings
  applications that can help you save a lot of
  money. You can find a decent price on just about
  everything, whether it's entertainment, retail
  therapy, or your monthly grocery. You can save a
  lot of money that will go right into your savings.

www.mnscredit.com
7
5. SALE OF RESOURCES

• Keeping an eye on your outstanding payments is
  another effective strategy for avoiding debt in
  the UAE. It could be time to start making big
  changes and repaying if the amount is steadily
  increasing. You could begin by shopping for a
  less expensive phone plan, a TV bundle, or other
  benefits. Reduce how frequently you dine out.
  It's astonishing how much money we spend on
  takeout or delivery when we eat at home. The next
  step might be to sell items like jewelry or
  furniture. If that doesn't work, you might have
  to relocate into a smaller home or sell your car
  to lower your monthly rent.

www.mnscredit.com
8
Contact Us
MNS CREDIT MANAGEMENT GROUP (P) LTD
Head Office (New Delhi, India)
906, DLF Tower-A, Jasola District Centre, Jasola,
New Delhi -110025,India Tel [phone]
Fax [phone] Email
info_at_mnscredit.com
Operations At- Mumbai Chennai Bangalore
Kolkata Hyderabad Coimbatore
Ludhiana Ahmedabad Kochi Tirupur
International Operations At - Bangladesh
Myanmar Nepal Pakistan Sri Lanka Vietnam
Network Over 150 Countries
9
Thank You

• www.mnscredit.com