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Back then I was very carefree about savings. With Hunter on the scene we know we have to make allowance for his future, so money is a priority. We have a savings plan in his name and we also try to put away around 20 per cent of our income each month. The difficulty comes with the cost of living in Dubai. Laura Egerton is a freelance art curator from the UK. She lives in a villa in Media City with husband Tom, an executive chef, and daughters Molly, three and Joanna, two.
At the time we had a double income and no children, so it seemed logical to take advantage of those years when we were earning the most and put away a bit for the future. Coming from the UK, the main cost we notice is nursery, which is considerably more than it would be back home. Then there are all the little outgoings like swimming lessons and music classes. Nicola and Nabin Maharjan live in a villa in Jumeirah with their month-old daughter Maya.
Nicola, from the UK, is the co-founder of an events company, while Nabin, who hails from Nepal, is a professional photographer. In the UK there is the option of a quality public education and you have family supporting you with childcare. Here, there is no other option but to pay for education and childcare.
Then, in addition to fixed costs like rent and school fees, there is pressure to burn through money in other ways. As expats we also travel a lot. As well as trips home to visit family, we like to go on adventures at least three times a year. Sara Sadik is a blogger from Lebanon and Palestine.
She lives in an apartment in Downtown Dubai with her husband Omar, from Syria, and three children; Adriana, three, Rayan 18 months, and two-month-old Ramsey. My husband works in finance, so while Dubai is an expensive city we had no issues living within our means. In the absence of family, that network is the people we employ. We have a full-time nanny and Adriana and Rayan go to nursery in the mornings. We also have a driver and a cleaner, which enables me to be much more efficient with my time.
Likewise, flying with three children is a big expense and quite stressful, but we live in a holiday spot, so rather than doing international trips do staycations, which is more relaxing anyway. My one tip for meeting savings goals would be to get used to living on less. Look at your overall income and then mentally reduce it by a proportion and then try to live on that amount only, and put the rest into savings.
It works for us. Here she gives her five top tips for trimming down costs. Shop smart Plan ahead and shop to budget. Stay home We live in a beautiful part of the world so if you need a break, consider a staycation rather than going abroad.
Reduce bills You might need to nag your family, but turning off lights and cutting down on water will slash your monthly bills. Entertain at home Nights out in Dubai are expensive so gather your parent friends together and ask everyone to bring a dish. The children can play together and the parents can socialise. Track your spending There are loads of great apps that are designed to help track what you spend.
Plus other vital information in the expat parent's ultimate guide to Wills and Guardianship documentation in the UAE. In the wake of news that a Dubai expat teacher has been jailed in the US for alleged crimes related to pedophilia, we ask how we can best protect our little ones from potential abusers, without destroying their innocence?
Home Family life Current: How to budget for a family in Dubai. How to budget for a family in Dubai Dubai was recently ranked the eighth most expensive city in the world. So, is it really possible to live well and save for the future? These families share their experiences….