With rising inflation and still elevated rentals, expats find it hard to save in this environment.
Personal finance experts believe there are many ways through which one can save to the maximum extent possible. Rents contribute to the largest piece of the expenses pie, followed by travel, and other expenses.
“The most important thing here is to save on commission cost. Tenants can contact the developer or owner of the house directly to avoid paying commission to an agent,” Preeti Harrison Bhambri, founder of personal finance portal MoneyCamel.com told Gulf News. Bhambri also said that one should also check if the maintenance cost is included in the rent. “Good houses that come with a maintenance contract can help you save much,” she added.
Published: Gulf News- July 19,2015