My Mum in The Grand Palace - Bangkok
As a birthday treat for my Mum last year, we travelled to Bangkok in April and I had written some practical frugal trips which hopefully help you also plan your sightseeing trips in Bangkok.
To read the “Bangkok Sightseeing Vacation – Frugal Tips”, click it here
As the current economy weakens, people hold on to every dime that is kept in their wallet. They are now more conscious with their expenditures and efforts are made to trim down the lavish lifestyle they once used to have.
It was easy to cave in to their desires before. If a newlywed couple wants a nice house in a lovely neighborhood, the solution is a housing loan. If a sales executive is promoted and wishes to live up with his new status quo, he walks to the bank and applies for new car loan.
To read the entire article, click it here.
Processing loan transactions here in Abu Dhabi or UAE in general always require a bank statement of 3 months. Since I wanted to apply for car loan, I went last week to the bank to obtain the same.
I was really stunned to know that the new fee for acquiring bank statement is AED 50 (approx USD 14) for each month. So I shelled out AED 150 for the 3 months statement. I don’t know maybe it was ages ago since the last time I requested for bank statement but I really found it expensive.
Earlier the monthly bank statement is sent by postal mail and it can be used for any credit cards or personal loans application. Then lately the bank starts sending it by e-mail and I receive the monthly e-statement in my inbox. Unfortunately, the bank will not honor this because they need the company stamp.
Ideally the fee should be cheaper since they are no longer sending it by post. On contrary, the fee is even doubled than before. If they have continued sending it by post, I would have not spent AED 150 for that.
Honestly I can really feel the skyrocketing cost here in UAE after living and working here since 2002. Hence, it is another motivation for me to stay frugal in my expenses and way of life.
I started contributing in Expat Arrivals for local information about Abu Dhabi. My first article is already published entitled “The Cultural Adjustments in the UAE”.
If you have never been here – in this part of the globe – then it is interesting to know the local customs.
Click here to read more.