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Saving money is really not for us

Published: Tue 10 Sep 2019, 9:00 PM

Last updated: Tue 10 Sep 2019, 11:03 PM

The series on money issues is very useful. But it is not as easy as we think. Take my case for example. I am an engineering graduate and was working for a chemical company for the past three years earning Dh5,500. My wife and daughter joined me two years ago and I then took a loan to pay rent and other initial expenses. I am still repaying my loan.
My daughter was soon admitted to school and now she is in KG-2. One day I was laid-off. For the past four months I have been on the lookout for a job and my family is still here with me in the hopes that I will get a job soon. Whatever little savings I had have been used up in the past three months. No management nor friends came to my rescue.
How can a person plan and save when there is no security for his livelihood? Such planning, I feel, is only for those with benefits and good salaries and not for those who depend only on their own capabilities.
- Maqdoom Sabir, Dubai

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