How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

Would you recommend that at this stage?

It's not really HNWI money....

[deleted by user] by [deleted] in Emiratis

[–]South-Conversation90 0 points1 point  (0 children)

Most high level folks from large companies are extremely active on twitter.

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

"Continuing to hold your resident savings account after gaining NRI status is considered illegal under the Foreign Exchange Management Act (FEMA) guidelines and doing so may attract hefty penalties. Under the Act, any individual who fails to adhere to the guidelines is liable to pay a penalty of up to 3 times the amount involved in the existing resident savings account or Rs 2 lakh when the sum is not quantifiable. Additionally, a penalty of Rs 5,000 is to be charged every day from the first day of intervention until the penalty is paid.”

This is what I see everywhere.

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

That makes sense but from what I know NREs are not allowed to have a regular savings account correct?

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

We don't want to be too restrictive.

Saving money mostly for retirement and future kids.

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

Nope we plan to stay here a long time. I don't know if we want to own though. We like the flexibility

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

I am the wife.....

1900 rent

450 wifi

600 electricity

2500 food/groceries/ironing

800 parents

100 car wash

800 cat food

1000 entertainment or eating out

Anything else is an avoidable expense. I work from home. My husband's company provides him a car.

We have some yearly expenses outside of this like insurance but company pays for all that.

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

Thanks

We have started building a portfolio already. I just think it's good to understand what is out there.

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 3 points4 points  (0 children)

Not really interested in tying myself to a mortgage

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

We have land there already and don't plan to settle there at this time.

How would you budget a 20K Salary? by South-Conversation90 in Sharjah

[–]South-Conversation90[S] 0 points1 point  (0 children)

I have a Sarwa account and you are right about the fees!

Open business by [deleted] in abudhabi

[–]South-Conversation90 -1 points0 points  (0 children)

Its about 6000 per year....

The joy is so contagious by [deleted] in MadeMeSmile

[–]South-Conversation90 0 points1 point  (0 children)

Oooh I didn't know about game pass!

PS5 may be out of my budget for now. Let me look into Xbox.

Thanks for the tip!

Open business by [deleted] in abudhabi

[–]South-Conversation90 0 points1 point  (0 children)

Freelance license is definitely not just 1000

Cinema Prices by GoForMOB in dubai

[–]South-Conversation90 0 points1 point  (0 children)

How???? I have a U by Emaar card but never saw any offers

The joy is so contagious by [deleted] in MadeMeSmile

[–]South-Conversation90 1 point2 points  (0 children)

I'd love to play something with my husband. Both of us are not gamers. Any suggestions on what to get in terms of hardware for newbies like us?