Dubai-based finance experts weigh in on whether the viral TikTok ‘100 envelopes’ savings challenge – but is it an effective way to automatically save money daily and develop good financial habits?
savings habits
Latest in savings habits
National Bonds
UAE National Bonds strategy targets savings boost with payments as little as $27 and $9.7m prize fund
UAE National Bonds announces three-way strategy to boost savings
financial planning
UAE savings guide: How to save more of your salary with the 50/30/20 rule
Since UAE workers have the advantage of working on a tax-free salary, implementing this rule would should lead to higher savings over time
Employee retention
UAE National Bonds’ My One Million: New savings scheme to become a millionaire explained
Applicants under ‘My One Million’ plan can enjoy the flexibility of choosing a timeline that suits their financial goals, ranging from 3 to 10 years
Abu Dhabi
UAE millennials overspend, fail to save: Top 3 errors causing financial ruin
Millennials need to stop blaming the economy for their financial woes and start by breaking these 3 money habits
Financial literacy
UAE ‘Second Salary’ plan from National Bonds ties up with Ports, Customs and Freezone Corporation
PCFC employees will have access to National Bonds’ diverse range of savings and investment programmes, such as the ‘Global Savings Club’ and ‘Second Salary’
Expats savings
UAE authorities share money-saving tips
UAE’s GPSSA launched money-saving financial planning campaign
Arab women
Arab women focus of new National Bonds scheme to inspire saving, financial literacy, investments
The two organisations will create a joint committee to host forums and events aimed at encouraging women to invest and save and to improve their skills and financial literacy
Financial literacy
National Bonds, Lulu Exchange in partnership to promote savings habits, products
The partnership will lead to Lulu Exchange branches across the UAE providing services to nationals and expats to join National Bonds’ diversified saving products or top up their National Bonds accounts
Financial literacy
How to prepare for retirement by confronting biases
Making decisions to prepare for retirement can be an uphill battle
financial decisions
National Bonds partners with Taaleem to promote financial literacy among UAE youth
The National Bond-Taaleem tie-up will see the launch of an educational campaign amongst over 15,000 students that are part of Taaleem schools in the UAE
Dubai Islamic Bank
Our nation’s banks and financial entities must step up to the challenge of financial literacy
A failure to equip our country’s youth with the tools for long-term financial freedom is a failure to invest in national success, economic growth, and individual happiness. Banks must do their part.
Financial resilience
UAE’s National Bonds firm reports investments worth $3.23bn in 2021 as residents return to “low-risk savings”
UAE citizens and residents who have been long-term National Bonds savers with the company since 2006 have earned 64.11 percent in cumulative returns on their savings