Lifestyle & Money

Navigating Your Financial Journey: Salary Expectations for Freshers in the UAE Congratulations on graduating and taking that exciting first step into the UAE’s dynamic job market! It’s a thrilling time, filled with new opportunities and, of course, the prospect of your very own salary. But with so much to consider when starting your financial journey, a key question often arises: what constitutes a good salary for a fresher in the UAE?At Sav, we understand the importance of financial literacy and responsible money management, especially for young professionals. While there’s no one-size-fits-all answer, we can equip you with valuable insights to navigate this crucial aspect of your career launch.  Understanding Salary Ranges:  The UAE boasts a diverse and competitive job market. Salaries can vary significantly depending on several factors, including:  Industry: Certain sectors, like Oil & Gas, Finance, and Technology, typically offer higher starting salaries compared to others.  Experience: While freshers may not have extensive experience, relevant skills, internships, or certifications can positively impact your earning potential.  Location: Cost of living can differ across the Emirates. Dubai, for instance, might offer slightly higher base salaries to compensate for living expenses.  Company Size & Reputation: Multinational corporations or established local businesses might have more structured compensation packages compared to smaller startups.  Beyond the Base Salary: Remember, your total compensation package goes beyond just the base salary. Some companies may offer benefits such as:  Housing allowance  Health insurance  Transportation allowance  Meal vouchers  These perks can significantly impact your overall financial well-being. So, factor them in when evaluating a job offer.  Making it Work: The Sav Way Regardless of your starting salary, financial wellness is achievable. Here’s where Sav comes in:  Goal-based Saving: Set realistic savings goals for your future needs, from travel to a down payment on a car. Sav’s automation tools like “salary sorter” and “round-up spare change” make saving effortless.  Spend Mindfully: The Sav virtual debit card allows you to manage daily expenses while still contributing to your savings goals. Every purchase rounds up spare change, adding those valuable extra dirhams.  Earn Rewards: Every dirham you save on Sav earns you a Sav coin, redeemable for exciting rewards like free coffee or movie tickets. Staying motivated on your financial journey is key!  While a good salary is important, it’s just one piece of the financial puzzle. By understanding your needs, exploring compensation packages holistically, and leveraging tools like Sav, you can kickstart a rewarding financial journey in the UAE.Remember, financial literacy is an ongoing process. Sav is here to be your partner on this exciting path. Read our financial blogs or connect with us on LinkedIn to learn more. What is Sav App? Sav app will make you feel good about money with fun saving rules, and rewards for EVERY Dirham you save. We are ambitious, positive, and always focused on what matters most to people. How can I join Sav? You can start your savings journey with Sav by downloading our app – iOS or Android How does Sav help in saving money? Sav helps you to plan for your financially for your short term & long term savings goals. You can start your savings journey with Sav by planning, tracking & investing your money. For more, Download our app – iOS or Android. What is SNBL SNBL stands for Save Now Buy Later, a concept that encourages sustainable spending.  What brand coupons does SAV offer? SAV offers coupons & vouchers for all top brands like Namshi, Noon, Under Armour, Lacoste, Clarks, Myprotien, Tommy Hilfiger, and more. Explore more coupons & Vouchers.  Where can I buy Noon coupons? You can get noon coupons at SAV coupons & vouchers. We also have coupons & vouchers from other top brands like Namshi, Aldo, fragrance & more.  How much discount does Namshi coupon give? Discount for Namshi coupon may vary according to your preference. It varies between the 5-20% range. You may check for Namshi coupon in our coupons collection. 

Saving for your Child’s Education in the UAE As parents in the UAE, one of our top priorities is securing our children’s future. This includes ensuring they have access to quality education, which often comes with a significant financial commitment. Here’s how Sav, your personalized savings companion, can help you navigate this journey with a savvy approach:  Setting SMART Goals:The first step is to get clear about your savings goals. Determine the desired level of education (secondary, university, etc.) and estimate the associated costs. Factor in potential inflation to ensure your savings cover future expenses. Remember, setting SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) goals helps you stay focused and motivated.  Leverage Automation and Gamification:Sav empowers you to automate your savings with features like Salary Sorter which diverts a portion of your income directly into your child’s education goal, and Round-up Spare Change which seamlessly accumulates additional savings from daily expenses. This “set it and forget it” approach ensures consistent saving while minimizing the impact on your daily budget. Furthermore, Sav’s gamification features incentivize continued saving. Every Dirham saved earns you Sav Coins, which can be redeemed for exciting rewards like      free coffees and movie tickets. This playful approach keeps saving engaging, especially for younger children.  Earn While You Save:Sav not only helps you save but also helps you earn. Beyond Sav Coins, we offer exciting rewards including noon gift vouchers for consistent saving and cashback on utility bills. These rewards offer additional motivation and contribute to your overall savings goals.  Make Saving a Shared Experience:Encourage family participation by allowing loved ones to contribute to your child’s education goal directly through Sav’s secure sending and receiving feature (Sav ID). Celebrating milestones together and involving your child in age-appropriate discussions about saving fosters financial responsibility and strengthens family bonds.  Explore “Save Now, Buy Later”:Sav’s innovative Save Now, Buy Later (SNBL) feature empowers you to choose the desired educational product (e.g., laptop, course fees) and gradually save for it. This option provides a structured approach to acquiring specific educational needs without compromising your overall savings plan.  Starting early and saving consistently are key to achieving your child’s educational aspirations. Sav is here to be your trusted partner in this journey, offering a comprehensive and engaging platform to help you reach your financial goals. Connect with us on LinkedIn to learn more about how Sav can help you empower your child’s future.  What is Sav App? Sav app will make you feel good about money with fun saving rules, and rewards for EVERY Dirham you save. We are ambitious, positive, and always focused on what matters most to people. How can I join Sav? You can start your savings journey with Sav by downloading our app – iOS or Android How does Sav help in saving money? Sav helps you to plan for your financially for your short term & long term savings goals. You can start your savings journey with Sav by planning, tracking & investing your money. For more, Download our app – iOS or Android. What is SNBL SNBL stands for Save Now Buy Later, a concept that encourages sustainable spending.  What brand coupons does SAV offer? SAV offers coupons & vouchers for all top brands like Namshi, Noon, Under Armour, Lacoste, Clarks, Myprotien, Tommy Hilfiger, and more. Explore more coupons & Vouchers.  Where can I buy Noon coupons? You can get noon coupons at SAV coupons & vouchers. We also have coupons & vouchers from other top brands like Namshi, Aldo, fragrance & more.  How much discount does Namshi coupon give? Discount for Namshi coupon may vary according to your preference. It varies between the 5-20% range. You may check for Namshi coupon in our coupons collection. 

10 Coupon Hacks to Supercharge Your Savings with Sav In today’s world, saving money can feel like an uphill battle. But fear not, savvy savers! Here at Sav, we believe in empowering you to reach your financial goals, and that includes helping you stretch your dirhams further.While budgeting and mindful spending are crucial, utilizing coupons effectively can be a game-changer. Here are 10 power tips to help you become a couponing pro:  Embrace the Digital Revolution: Ditch the paper clutter and explore the world of digital coupons. Sav offers exclusive in-app deals and rewards, eliminating the need for physical coupons. Additionally, numerous websites and apps aggregate coupons from various retailers, making them easily accessible at your fingertips. Plan Your Shopping Trips Around Deals: Many stores have regular sales cycles. Familiarize yourself with your favorite stores’ weekly flyers or online promotions to plan your shopping trips around the best deals. Don’t Be Brand Loyal (Always): While brand loyalty has its perks, it can sometimes limit your savings potential. Be open to exploring generic or store-brand alternatives, especially for everyday items. You might be surprised by the quality and significant cost savings. Combine Coupons Strategically: Often, you can stack multiple coupons on a single purchase, maximizing your savings. Check store policies and coupon fine print to ensure proper stacking. Leverage Cashback Programs: Look for cashback programs offered by banks, credit cards, or even specific retailers. These programs reward you with a percentage of your purchase amount, essentially acting as a built-in coupon. Explore Discount Clubs: Consider joining wholesale clubs or membership programs that offer bulk discounts and exclusive deals. However, ensure the membership fee justifies the potential savings based on your buying habits. Befriend the Second-Hand Market: Pre-owned items in good condition can be significantly cheaper than buying new. Explore online marketplaces, thrift stores, and consignment shops for hidden gems. Negotiate, When Appropriate: While not applicable in all situations, polite negotiation, especially in the context of used items or services, can sometimes yield unexpected savings. Patience is a Virtue: Don’t rush into impulse purchases. Consider waiting for sales or clearance events to snag the best deals, especially for non-essential items. Remember, Every Dirham Counts: Don’t overlook small savings. Utilizing coupons and discounts consistently adds up over time, making a significant impact on your financial goals. Maximize your Sav experience! Every dirham you save on the app earns you a Sav Coin. These coins can be redeemed for exciting rewards, further enhancing your financial well-being. By incorporating these hacks into your routine, you’ll be well on your way to becoming a couponing champion. Remember, saving money doesn’t have to be a chore. With a little planning and the right tools, like Sav, you can make smart financial choices and achieve your savings goals with ease.  What is Sav App? Sav app will make you feel good about money with fun saving rules, and rewards for EVERY Dirham you save. We are ambitious, positive, and always focused on what matters most to people. How can I join Sav? You can start your savings journey with Sav by downloading our app – iOS or Android How does Sav help in saving money? Sav helps you to plan for your financially for your short term & long term savings goals. You can start your savings journey with Sav by planning, tracking & investing your money. For more, Download our app – iOS or Android. What is SNBL SNBL stands for Save Now Buy Later, a concept that encourages sustainable spending.  What brand coupons does SAV offer? SAV offers coupons & vouchers for all top brands like Namshi, Noon, Under Armour, Lacoste, Clarks, Myprotien, Tommy Hilfiger, and more. Explore more coupons & Vouchers.  Where can I buy Noon coupons? You can get noon coupons at SAV coupons & vouchers. We also have coupons & vouchers from other top brands like Namshi, Aldo, fragrance & more.  How much discount does Namshi coupon give? Discount for Namshi coupon may vary according to your preference. It varies between the 5-20% range. You may check for Namshi coupon in our coupons collection. 

Planning Financially for Your Dream Car in the UAE Owning a car in the UAE offers freedom and convenience, but it’s a significant financial commitment. Careful planning is crucial to ensure a smooth and enjoyable journey towards your dream car. At Sav, we want to empower you to achieve your financial goals, and that includes saving for your car. Here’s a comprehensive guide to help you plan financially for your car in the UAE:  Define Your Needs and Budget:  New vs. Used: Consider your budget and usage needs. While new cars come with the allure of a fresh start, used cars offer a more affordable option.  Fuel efficiency: Research fuel efficiency of different car models. In the long run, saving on fuel can make a significant impact on your budget.  Running costs: Factor in insurance, maintenance, registration, and parking costs into your monthly budget.  Monthly repayment affordability: If opting for a car loan, ensure the monthly repayments comfortably fit within your budget without compromising your other financial obligations.  Leverage Sav for Goal-Based Savings:  Set a realistic savings goal: Consider the total cost of the car, including down payment and ownership costs.  Create a dedicated “Car Savings” goal on the Sav app.  Utilize Sav’s automation features:  Salary Sorter: Automatically divert a portion of your salary towards your car savings goal.  Round Up Spare Change: Every purchase with your Sav card automatically rounds up the spare change and adds it to your car savings goal. Stay motivated with Sav’s gamification features: Earn Sav coins for achieving milestones, which can be redeemed for exciting rewards, keeping you engaged in your saving journey.  Explore Financing Options:  Compare loan options: Research and compare interest rates, loan terms, and processing fees from different banks and financial institutions in the UAE.  Consider a “Save Now, Buy Later” option: Sav’s unique feature allows you to save for your car while the brand contributes a portion to your goal, accelerating your saving journey.  Additional Tips:  Avoid impulse buying: Don’t rush into car purchases you can’t afford.  Negotiate the best price: Don’t be afraid to negotiate the price of the car, especially when buying from a used car dealer.  Consider alternative transportation: Utilize public transportation or carpooling options for everyday needs, reserving car usage for essential trips, potentially saving on fuel and wear-and-tear.  By following these steps and leveraging the features of the Sav app, you can embark on your car ownership journey with confidence and financial responsibility. Remember, planning and saving are key to achieving your financial goals, and Sav is here to support you every step of the way. Ready to start saving for your dream car? Download the Sav app today! What is Sav App? Sav app will make you feel good about money with fun saving rules, and rewards for EVERY Dirham you save. We are ambitious, positive, and always focused on what matters most to people. How can I join Sav? You can start your savings journey with Sav by downloading our app – iOS or Android How does Sav help in saving money? Sav helps you to plan for your financially for your short term & long term savings goals. You can start your savings journey with Sav by planning, tracking & investing your money. For more, Download our app – iOS or Android. What is SNBL SNBL stands for Save Now Buy Later, a concept that encourages sustainable spending.  What brand coupons does SAV offer? SAV offers coupons & vouchers for all top brands like Namshi, Noon, Under Armour, Lacoste, Clarks, Myprotien, Tommy Hilfiger, and more. Explore more coupons & Vouchers.  Where can I buy Noon coupons? You can get noon coupons at SAV coupons & vouchers. We also have coupons & vouchers from other top brands like Namshi, Aldo, fragrance & more.  How much discount does Namshi coupon give? Discount for Namshi coupon may vary according to your preference. It varies between the 5-20% range. You may check for Namshi coupon in our coupons collection. 

Building Your Dream Home: A Guide to Financial Plan for a House in the UAE Owning a home in the UAE is a cherished dream for many. But amidst the excitement, the financial aspect can feel daunting. Fear not, aspiring homeowners! With smart planning and the right tools, you can transform your dream into a reality. Here’s your roadmap to navigate the financial planning process for your UAE homeownership journey: Assess Your Current Standing:   Income & Expenses: Calculate your monthly income and expenses to understand your disposable income. This forms the foundation for your affordability assessment. Savings & Debt: Evaluate your existing savings and any outstanding debts. Remember, debt repayments impact your borrowing capacity Credit Score: Your credit score reflects your financial health. Aim for a good score to access better loan options with lower interest rates. Define Your Goal: Property Type & Location: Decide on the type of property (apartment, villa) and ideal location based on your lifestyle and budget. Research prevailing market prices in your chosen area. Down Payment: Aim for a minimum 20% down payment. With Sav’s “Round Up” and “Set & Forget” features, saving consistently becomes effortless. Loan Tenure: Consider the loan repayment period that aligns with your financial comfort. Longer tenures mean lower monthly payments but higher overall interest costs. Explore Financing Options: Mortgage Providers: Compare mortgage rates and terms offered by different banks and lenders. Shop around to find the best deal. Eligibility Criteria: Each lender has specific eligibility criteria, so assess your income, employment status, and credit score beforehand Pre-approval: Obtaining a pre-approval certificate gives you a realistic idea of your borrowing capacity and strengthens your negotiation position. Budgeting & Saving Strategies: Create a Budget: Allocate your income towards essential expenses, savings goals, and potential loan repayments. This ensures financial balance. Utilize Sav’s Features: Leverage Sav’s “Salary Sorter” and “Round Up” features to automate savings and maximize your efforts. Reduce Unnecessary Spending: Embrace sustainable spending. Track your expenses and identify areas where you can cut back. Every dirham saved brings you closer to your goal. Embrace Smart Saving: Savvy Spending: Use your Sav card for daily purchases. The “Round Up” & other Sav card features effortlessly contribute to your savings. Reward Yourself: Sav’s “Earn” feature incentivizes saving with Sav Coins. Redeem them for rewards like free movies and e-commerce discounts, keeping you motivated. You can also use coupons while shopping online. Take Advantage of Offers: Utilize promotions like Sav’s “Noon Gift Voucher” and “DEWA/SEWA/ADDC Bill Cashback” to save even more. Remember: Financial planning is a journey, not a destination. Be patient, consistent, and adapt your strategies as needed. With discipline and the right tools like Sav, you’ll be well on your way to unlocking the doors to your dream home in the UAE. Beyond this guide, remember: Seek Professional Advice: Consulting a financial advisor can provide personalized guidance based on your unique circumstances Stay Informed: Keep yourself updated about market trends and regulations to make informed decisions. Celebrate Milestones: Acknowledge your progress along the way. Every dirham saved brings you closer to your goal. With Sav as your financial companion and a well-defined plan, building your dream home in the UAE becomes a realistic and achievable goal. Start your journey today! FAQs What is Sav App? Sav app will make you feel good about money with fun saving rules, and rewards for EVERY Dirham you save. We are ambitious, positive, and always focused on what matters most to people. How can I join Sav? You can start your savings journey with Sav by downloading our app – iOS or Android How does Sav help in saving money? Sav helps you to plan for your financially for your short term & long term savings goals. You can start your savings journey with Sav by planning, tracking & investing your money. For more, Download our app – iOS or Android. What is SNBL? SNBL stands for Save Now Buy Later, a concept that encourages sustainable spending. What brand coupons does SAV offer? SAV offers coupons & vouchers for all top brands like Namshi, Noon, Under Armour, Lacoste, Clarks, Myprotien, Tommy Hilfiger, and more. Explore more coupons & Vouchers. Where can I buy Noon coupons? You can get noon coupons at SAV coupons & vouchers. We also have coupons & vouchers from other top brands like Namshi, Aldo, fragrance & more. How much discount does Namshi coupon give? Discount for Namshi coupon may vary according to your preference. It varies between the 5-20% range. You may check for Namshi coupon in our coupons collection.

Save Money while Maintaining Your Lifestyle It’s no secret that it’s a lot easier to spend than it is to save money. Money Saving requires discipline to prioritize the future you in exchange for any instant gratification that you may get when making an impulse purchase. Plus, many of us rely on the mindset that we can always save money later down the road. Regardless of what we prefer in the moment, we know that saving is a smart financial move. Experts say that for each dirham that you have in a savings account, you’re decreasing the likelihood of missing a bill, forgoing medical care if something happened, skipping meals, etc. if you have an emergency. The challenge is that we often see saving money as sacrificing our happiness. But the good news is that there are ways to ease into saving while not forfeiting too much of everything else. Here are some tips to save money when you don’t want to make big sacrifices. 1. Save your windfalls If you don’t want to — or can’t — cut expenses, the next easiest thing is to save windfalls. Financial windfalls are basically extra money in your pocket: a tax refund, a bonus at work, a cash gift, an inheritance or even savings when you get a discount from coupons or cashback on your shopping. Because this is unexpected cash that essentially “fell into your lap,” you don’t have to give up anything to then turn around and put it into a savings account. While you may feel inclined to have the money go into your standard savings account with a bank, consider putting these windfalls of cash for goal-based savings on Sav. 2. Automate your savings It’s a fact that saving money is really easy if you make it automatic and timed with when you get paid. Sav can help with this. When you automate your savings, you eliminate the decision of whether or not to save, and you forget about what you may be sacrificing to set aside those funds. If you’re paid through direct deposit, you can set it up so a percentage of your paycheck is automatically moved to a goal you set on Sav. Freelancers or contractors with more inconsistent income streams can schedule a recurring deposit from their bank account to their savings at a time in the month when they normally have a surplus of cash flow. Following smart saving rules can help you manage money better. If you are nervous about getting started, set up an automatic transfer of just a little bit, like 1% from each deposit. This way, you know that it will always happen when you actually have money coming in. And then after a month or two, you can try increasing it to 2% or 3% and then keep doing that every couple of months until it feels like you’re saving what you can but still able to enjoy life.Once you set the automation rules on Sav and forget, over time your funds will grow and you will have become accustomed to living off of a budget that accounts for saving for your future — and you’ll eliminate the urge to think about what you’re giving up.. 3. Make saving fun So, Grandma always told you to save but you just thought it was boring? Think again! With Sav, you can enjoy gamified savings and earn extra rewards for achieving your milestones. You can scale a virtual Burj Khalifa as you proceed with your savings journey and we promise you it’s amazing at the top! Sav allows users to create rules that trigger a transfer of money to their savings. For example, you can set the Round Up rule so each time you spend, a certain amount of money is moved to a goal – your emergency fund, new phone or travel fund, whichever goal buckets you choose. Another way to look forward to saving is to earn Sav coins for your actions on the app. These coins can be used to unlock exclusive discounts offered by all your favorite brands. 4. Cut off regrettable expenses You know you should save but don’t know what expenses to cut first. These expenses may not seem obvious but, with careful consideration you’ll see how things like ATM fees, remittance fee, late payment charges on credit cards, etc. can be avoided.be avoided. World over, the second most common type of purchase that people regret is eating out. So we suggest creating rules for sustainable spending that limit how much you spend on dining out each week or month.For example, if you normally eat out four days per week, cut it down to just three days per week. If you usually find yourself having two drinks and dessert with dinner, make a rule for yourself that you only have water with meals out or no dessert in exchange for one drink. Bottom Line You don’t have to give up a lot of what makes you happy to start saving money. By saving your windfalls, automating your savings, making saving fun and cutting off expenses you might regret later, you’re already well on your way to setting aside a decent amount of cash. Plus, knowing you have savings on Sav to fall back on lets you feel like you indeed won’t have to make financial sacrifices in the future. Having a little financial cushion, even if it’s fairly small, can give you peace of mind and a little bit of slack, which will help you better focus on the parts of your life that make you happy and healthy FAQs What is Sav App? Sav app will make you feel good about money with fun saving rules, and rewards for EVERY Dirham you save. We are ambitious, positive, and always focused on what matters most to people. How can I join Sav? You can start your savings journey with Sav by downloading our app – iOS or Android How does Sav help in saving money? Sav helps you to plan for your financially for your …

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