purse strings
Jan 14th 2009, 3:19 pm
#1
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Thread Starter
Joined: Oct 2007
Location: Khaladiya Abu Dhabi
Posts: 4,181
purse strings
Now that things are looking a bit scary and lots of job losses are you holding back on spending on non essential items and going out less at the moment or are you stashing more away?
Jan 14th 2009, 3:26 pm
#2
banned
Joined: Oct 2008
Posts: 7,611
Re: purse strings
My jobs pretty safe but I am paid in GBP so the exchange rate alone is costing me a fortune. Subsequently we notice just how expensive everything is now. So yea cutbacks are in force
Jan 14th 2009, 3:31 pm
#3
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: purse strings
I've been living a financial crisis since I got employed about 18 months ago...
Jan 14th 2009, 4:29 pm
#4
BE Forum Addict
Joined: Aug 2004
Location: Dubai
Posts: 2,082
Re: purse strings
some people here in 06,07,08 were spending so much on food and drink and probably didn't even realise it - let alone rent.
I don't understand the idea of spend big when times are good. How about just spend appropriately all the time?
A friend was moaning about have to pay off a 140k loan or something in one breath and next breath inviting us to a 600dhs a head dinner.
Jan 15th 2009, 2:20 am
#5
banned
Joined: Oct 2008
Posts: 7,611
Re: purse strings
I'm frugal no matter what - never know what the future holds.
some people here in 06,07,08 were spending so much on food and drink and probably didn't even realise it - let alone rent.
I don't understand the idea of spend big when times are good. How about just spend appropriately all the time?
A friend was moaning about have to pay off a 140k loan or something in one breath and next breath inviting us to a 600dhs a head dinner.
some people here in 06,07,08 were spending so much on food and drink and probably didn't even realise it - let alone rent.
I don't understand the idea of spend big when times are good. How about just spend appropriately all the time?
A friend was moaning about have to pay off a 140k loan or something in one breath and next breath inviting us to a 600dhs a head dinner.
Of course now that the Dubai honeymoon period has expired (in mid 06) for me, when i find myself looking at the prices of everything and gasping...
nowadays i hear people getting a pinger cause Nelsons has a happy hour where its 25AED a pint or something...marvellous thats 5Quid.
Norweigan prices for living in a 3rd world underdeveloped shithole...
Apart from that, i love the place
Jan 15th 2009, 2:45 am
#8
Go on.. Pull my finger..
Joined: Jul 2008
Location: Dubai
Posts: 5,726
Re: purse strings
you are spot on, i think (pre marriage and kid) in 05 and 06 we were out every Friday on champagne brunches, when my OH was away i was always out with the lads, spending a fortune.
Of course now that the Dubai honeymoon period has expired (in mid 06) for me, when i find myself looking at the prices of everything and gasping...
nowadays i hear people getting a pinger cause Nelsons has a happy hour where its 25AED a pint or something...marvellous thats 5Quid.
Norweigan prices for living in a 3rd world underdeveloped shithole...
Apart from that, i love the place
Of course now that the Dubai honeymoon period has expired (in mid 06) for me, when i find myself looking at the prices of everything and gasping...
nowadays i hear people getting a pinger cause Nelsons has a happy hour where its 25AED a pint or something...marvellous thats 5Quid.
Norweigan prices for living in a 3rd world underdeveloped shithole...
Apart from that, i love the place
22AED I believe, but since my ale of choice is not one of the chosen, Im still paying 6 - 7 GBP a pint!!
Jan 15th 2009, 5:28 am
#9
Lost in BE Cyberspace
Joined: Jun 2007
Location: Dubai
Posts: 13,547
Re: purse strings
after having major expenses involved in bringing my in-laws here last month I am now definitely being frugal. need to bank some cash in case it all turns sour.
Jan 15th 2009, 5:35 am
#10
A bubbly-jock...
Joined: Mar 2005
Location: Teneriffe
Posts: 6,262
Re: purse strings
Yeah, cut down on the number of times dining out...now go for the house wines...hate being ripped off on bottles of wine over AED300, when back home in Oz they are only GBP6 a bottle.
Jan 15th 2009, 5:42 am
#11
Concierge
Joined: Feb 2007
Posts: 29,625
Re: purse strings
massive cut down took place in this house about a year ago, got shopping bills down to about 350 a week, no luxuries that end up in the bin!! more healthy eating and using cheaper cuts of meat etc, shopping wisely. Nights out on hold until DH secures another position. It is amazing how much you can cut down on things.
Jan 15th 2009, 5:43 am
#12
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Thread Starter
Joined: Oct 2007
Location: Khaladiya Abu Dhabi
Posts: 4,181
Re: purse strings
After a massive spend up on my hols, I am gonna be very frugal too and stash away.
Jan 15th 2009, 5:56 am
#13
Hammer for Life
Joined: Oct 2007
Location: Too far away from Upton Park, for my liking !
Posts: 5,524
Re: purse strings
Jan 15th 2009, 6:37 am
#15
**** it we'll do it live
Joined: Oct 2004
Location: Dubai
Posts: 7,892
Re: purse strings
I'm frugal no matter what - never know what the future holds.
some people here in 06,07,08 were spending so much on food and drink and probably didn't even realise it - let alone rent.
I don't understand the idea of spend big when times are good. How about just spend appropriately all the time?
A friend was moaning about have to pay off a 140k loan or something in one breath and next breath inviting us to a 600dhs a head dinner.
some people here in 06,07,08 were spending so much on food and drink and probably didn't even realise it - let alone rent.
I don't understand the idea of spend big when times are good. How about just spend appropriately all the time?
A friend was moaning about have to pay off a 140k loan or something in one breath and next breath inviting us to a 600dhs a head dinner.